BUSINESS

NIGERIA – The fuel scarcity crisis in Nigeria has intensified as filling stations in Lagos, Abuja and other areas in the country struggle to meet demand, leading to widespread closures and long queues. In Lagos, motorists faced extensive waits at stations running low on fuel due to panic buying across …

LAGOS, NIGERIA – July 10, 2024: Shareholders of Access Holdings PLC have expressed overwhelming confidence in the company’s growth strategy and pledged their support for the ongoing N351 billion rights issue. This, they did, at the recent “Facts Behind the Rights Issue” presentation held at the Nigerian Exchange (NGX) office …

LAGOS, NIGERIA – Zenith Bank Plc has once again secured top honours in the World Finance Banking Awards 2024, reaffirming its status as the Best Commercial Bank in Nigeria for the fourth consecutive year. Also, the Bank has clinched the title of Best Corporate Governance, Nigeria for the third consecutive …

LAGOS, NIGERIA – The Group Managing Director/Chief Executive Officer of United Bank for Africa (UBA) Plc, Oliver Alawuba, has been appointed as the Chairman of the Chartered Institute of Bankers of Nigeria (CIBN) Body of Banks’ CEOs. The announcement was made by CIBN on its website on Monday, July 8, …

LAGOS, NIGERIA – JUNE 9, 2024: Aspire Coronation Trust (ACT) Foundation has announced the opening of applications for the 2024 Changemakers Innovation Challenge. The theme for this year’s Changemakers Innovation Challenge is “Driving Change With Digital Innovation,” this initiative seeks to empower community non-profit organisations and social enterprises that utilise …

LAGOS, NIGERIA – JULY 8, 2024: Access Holdings Plc (‘the Group’), one of Africa’s leading financial services groups, has announced the commencement of its N351 billion Rights Issue (‘the Offer’). A subset of the Group’s Capital Raising Programme aiming to generate up to US$1.5 billion (One Billion, Five Hundred Million …

…As Dangote Reassures On Commencement Of Petrol Production, July LAGOS, NIGERIA – International financial analytics corporation, S&P Global, has described the 650,000 barrels per day (bpd) Dangote Oil Refinery and Petrochemicals Company as capable of resolving Nigeria’s foreign exchange (forex) issue and its huge pressure on the local Naira currency, …

ABUJA, FCT, NIGERIA – Aliko Dangote, Chairman of the Dangote Group, sounded a stark warning against the Central Bank of Nigeria’s recent decision to raise interest rates to nearly 30 percent. Speaking at a summit organized by the Manufacturers Association of Nigeria (MAN), Dangote emphasized that such a steep interest …

LAGOS, NIGERIA – JULY 2, 2024: Access Holdings Plc (“Access Holdings” or “the Group”) on Tuesday, June 2, 2024, held a formal signing ceremony as part of the arrangements to raise a total of ₦351,009,103,017.25 (Three hundred and fifty-one billion,nine million, one hundred and three thousand, seventeen naira and twenty …

LAGOS, NIGERIA – JUNE 21, 2024 – Africa’s leading financial services institution, Guaranty Trust Holding Company Plc (“GTCO” or “the Group”), has added to its impressive haul of accolades as it was recently named Nigeria’s strongest brand and Best Banking Brand in Nigeria by Brand Finance and Global Brands Magazine, …