BUSINESS

…Positions Banking Subsidiary To Exceed Regulatory Minimum Capital LAGOS, NIGERIA – Access Holdings Plc (‘the Company’) on Tuesday, December 24, 2024 announced that it has secured the full regulatory approvals of the Central Bank of Nigeria and the Securities and Exchange Commission of its recently closed Right Issue of 17,772,612,811 …

BY ABU-SATAR HAMED LAGOS, NIGERIA – MRS Oil Nigeria Plc, a leading force in the Nigerian downstream oil sector, has officially reduced the pump price of petrol to N935 per litre at all its retail service stations nationwide. This development aligns with an announcement by Aliko Dangote, President of Dangote …

ABEOKUTA, OGUN STATE, NIGERIA – The Ogun State government has announced that the Gateway International Agro-Cargo Airport stands out as the best in Nigeria and the West African sub-region, thanks to its exceptional infrastructure, including the longest runway in the region. The state government emphasized that the airport’s unique features …

ABEOKUTA, OGUN STATE, NIGERIA – The Executive Secretary and Chief Executive Officer of the Nigerian Shippers’ Council, Barrister Ukeyima Akutah, has highlighted Ogun State as a leader in Nigeria’s industrial revolution. Speaking on the state’s impressive performance in the Ease of Doing Business Index, Akutah emphasized that Ogun is setting …

BY ABU-SATAR HAMED LAGOS, NIGERIA – The Dangote Refinery Company has addressed widespread inquiries from the media and concerned stakeholders following a report attributed to the Nigerian National Petroleum Company Limited (NNPCL). The report suggested that a $1 billion loan, secured by NNPCL and backed by crude, played a crucial …

BY ABU-SATAR HAMED LAGOS, NIGERIA – The Dangote Refinery and Petrochemicals complex has been described as a groundbreaking achievement, underscoring Nigeria’s significant strides in technological innovation and industrial capacity on the global stage. A delegation from the Japanese Business Community in Nigeria, led by Japan’s Ambassador-designate, Suzuki Hideo hailed the …

LAGOS, NIGERIA – Access Holdings Plc (“Access Holdings”) on Thursday, December 12, 2024 announced that its banking subsidiary, Access Bank Plc (“the Bank”), has entered into a binding agreement with South Africa-based Bidvest Group Limited for the acquisition of a 100% equity stake in Bidvest Bank Limited (“Bidvest Bank”). This …

RABAT, MOROCCO – The Ogun State Governor, Prince Dapo Abiodun, has emphasized the need for a strategic partnership with Power Africa to achieve his administration’s vision of providing 24/7 affordable and reliable electricity across the state. This collaboration is seen as a vital step toward transforming energy access for residents …

BY ABU-SATAR HAMED In a groundbreaking development for African energy markets, Dangote Refinery, the continent’s largest oil refinery, in partnership with Neptune Oil, has announced its inaugural export of Premium Motor Spirit (PMS) to Cameroon. This milestone highlights the strategic collaboration between Dangote Refinery and Neptune Oil, aimed at fostering …

BY TAYO MABEWEJE ABEOKUTA, OGUN STATE, NIGERIA – Ogun State is set to usher in a transformative era of economic prosperity, following strategic partnerships spearheaded by Governor Dapo Abiodun. The governor’s proactive efforts to attract international investment have culminated in collaborations with global industry leaders, including JBS, the world’s largest …