BUSINESS

LAGOS, NIGERIA & NAIROBI, KENYA – March 25, 2024: A transformative collaboration aimed at broadening access to remittances across Africa has been forged among Coronation Group, Access Holdings Plc, SafaricomPlc and M-PESA Africa (the parties) as the parties come together in a strategic alliance dedicated to propelling financial inclusion and …

LAGOS, Nigeria – March 20, 2024 – Guaranty Trust Holding Company Plc (GTCO) has announced dates for the 7th edition of the 2024 GTCO Food and Drink Festival, the most anticipated culinary festival in Africa, set to take place from Friday, April 26th to Sunday, April 28th, 2024, at GTCentre, …

LAGOS, NIGERIA – Access Bank Plc and KCB Group Plc (“KCB”) have on Thursday, March 21, 2024 signed a binding agreement to acquire 100 percent shareholding in National Bank of Kenya Limited (“NBK”) from KCB. The successful completion of the transaction is subject to conditions that are customary for transactions …

ABUJA, FCT, NIGERIA – The Independent Petroleum Marketers Association of Nigeria (IPMAN) and the Major Energy Marketers Association of Nigeria (MEMAN) are anticipating a slight decrease in the retail cost of petrol once operations commence at the Port Harcourt Refining Company. IPMAN and MEMAN have expressed readiness to procure products …

LAGOS, NIGERIA – Zenith Bank Plc has announced the appointment of Dame (Dr.) Adaora Umeoji, OON, as Group Managing Director/Chief Executive with effect from June 1, 2024, subject to approval by the Central Bank of Nigeria (CBN). She takes over from Dr. Ebenezer Onyeagwu, whose five-year term expires on May …

BY ABU-SATAR HAMED LAGOS, NIGERIA – The Management and Board of Access Holdings Plc (referred to as ‘the HoldCo’) have announced the appointment of Mr. Aigboje Aig-Imoukhuede, CFR, as its Non-Executive Chairman. Aig-Imoukhuede steps into this role, succeeding Mr. Abubakar Jimoh, the former Chairman of the HoldCo, who transitions to …

ABEOKUTA, OGUN STATE, NIGERIA – Ogun State Governor, Prince Dapo Abiodun has called for the exploration of available partnership options between Germany and Ogun State in the area of food production. He said Ogun State is looking at ways of contributing to the food security agenda of President Bola Ahmed …

ABUJA, NIGERIA – The House of Representatives has announced its intent to investigate the alleged non-payment of N1.8 trillion in taxes owed to the Federal Government by Multichoice group, the operator of DSTV and GoTV. The decision came following the adoption of a motion presented by Saidu Abdullahi (APC-Niger) during …

…Also 200 Shop Owners At Adire Market To Get N100,000 Each ABEOKUTA, OGUN STÀTE, NIGERIA – The Federal Government has announced a N150,000 cash reward for every exhibitor at the 2nd edition of the national Micro, Small and Medium Enterprises (MSME) clinic. A grant of N100,000 will also be given …

…Alleged CBN’s Abolition Of Segmented/Parallel Structure As Primary Driver Of Losses LAGOS, NIGERIA – The financial woes of MTN Nigeria have deepened with a reported loss before tax of N177.8 billion, a stark contrast to the pre-tax profit of N518.8 billion recorded a year earlier. The telecommunications giant attributed this …