BUSINESS

LAGOS, NIGERIA – The Chief Executive Officer of Air Peace, Dr. Allen Onyema, revealed a concerning incident involving staff from the Federal Airports Authority of Nigeria (FAAN) upon the airline’s return from its inaugural flight to London. Onyema recounted how FAAN officials attempted to direct Air Peace’s aircraft to an …

LAGOS, NIGERIA – Nigerian Breweries, the pioneer and largest brewing company in Nigeria, is set to host the second edition of the “Big Weekend Experience” across three cities simultaneously – Onitsha, Warri, and Akure.  The event promises an exciting celebration of beer, featuring Nigerian Breweries’ top brands, live musical performances, and …

…Targets N365 billion By Way Of A Rights Issue As Subset Of Programme LAGOS, NIGERIA – Access Holdings Plc, one of Africa’s leading financial groups, has unveiled plans to establish a Capital Raising Programme of up to US$1,500,000,000.00 (One Billion, Five Hundred Million United States Dollars) or its equivalent (‘the …

LAGOS, NIGERIA – March 22, 2024 – The Tony Elumelu Foundation (TEF), the leading philanthropy empowering young African entrepreneurs from all 54 African countries, has announced the successful entrepreneurs in its tenth selection for the TEF Entrepreneurship Programme. This new cohort brings to 20,000, the number of young African entrepreneurs …

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 …