AFRICAReports Infrastructure News & Reports Roads

Lagos-Calabar Coastal Highway: NASS Assures Ministry of Works of Adequate Budgetary Provision

The National Assembly has assured the Ministry of Works of adequate budgetary provision for the completion of the Lagos-Calabar Coastal Highway which has a contract sum of N1.0 trillion. The Chairman of the Joint National Assembly Committee on Works, Sen. Barinada Mpigi, gave the assurance when he led members of the joint National Assembly Committee …read more →

AFRICAReports Infrastructure Infrastructure Financing News & Reports Photo News Roads Transportation

Lagos-Calabar Coastal Highway: NASS Assures Ministry of Works of Adequate Budgetary Provision

The National Assembly has assured the Ministry of Works of adequate budgetary provision for the completion of the Lagos-Calabar Coastal Highway which has a contract sum of N1.0 trillion. The Chairman of the Joint National Assembly Committee on Works, Sen. Barinada Mpigi, gave the assurance when he led members of the joint National Assembly Committee …read more →

AFRICAReports Banking and Finance Economy News & Reports Trade and Investments WORLDReport

Access Holdings Announces US$1.5 Billion Capital Raising Programme

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 Programme’). The Programme aims to enhance the Group’s financial strength through the issuance of various financial instruments such as ordinary shares, …read more →

AFRICAReports News & Reports Trade and Investments WORLDReport

Access Holdings Plc Reports Strong FY2023 Financial Performance, Grows PBT by 335%, Earnings to N2.59 Trillion

Access Holdings Plc (“The Group”) has announced its audited Consolidated and Separate Financial Statements for the year ended December 31, 2023. In the year under review, the Group recorded a robust growth in its Profits Before Tax, posting a healthy N729 billion, representing 335% year-on-year (YoY) increase from 2022. Access Holdings’ Gross Earnings also surged …read more →

AFRICAReports Banking and Finance Economy News & Reports WORLDReport

Access Bank PLC and KCB Group PLC Sign Binding Offer on Acquisition of National Bank of Kenya (NBK)

Access Bank PLC and KCB Group PLC (“KCB”) have today 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 of this nature including receipt all regulatory approvals from, amongst others, the …read more →

AFRICAReports Banking and Finance Economy News & Reports WORLDReport

Access Holdings Plc Announces the Return of Aig-Imoukhuede, As Holdco Chairman

Access Holdings Plc (‘the Holdco’), has announced the return of Mr. Aigboje Aig-Imoukhuede, CFR as its Non-Executive Chairman. Mr. Aig-Imoukhuede, CFR replaces Mr. Abubakar Jimoh, the erstwhile Chairman of the HoldCo who remains on the Board as an Independent Non-Executive Director. This visionary and accomplished leader is bringing an outstanding record of accomplishments, wealth of …read more →

AFRICAReports Infrastructure News & Reports Power

TCN Successfully Restores National Grid Following Partial System Failure

The Transmission Company of Nigeria (TCN) said it has completed restoration of the national grid after a partial system failure at approximately 11:21 a.m. on Sunday, in a statement late Sunday by its General Manager of Public Affairs, Ndidi Mbah said. Mbah highlighted that immediate efforts were undertaken by TCN to restore the affected section …read more →

AFRICAReports Economy Infrastructure News & Reports

Shell Agrees to Develop Nigeria Gas Field for Dangote Fertiliser

(Reuters) – Shell Plc has made a final investment decision to build a gas supply facility in Nigeria to feed a fertiliser plant owned by Africa’s richest man Aliko Dangote, the company said in a statement. The new facility will supply 100 million standard cubic feet of gas per day from the Iseni field to …read more →

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Access Bank PLC Signs Landmark Loan Agreement with Japan International Cooperation Agency to Advance Climate Change Measures in Nigeria

Access Bank PLC (Access Bank), Nigeria’s largest commercial bank, has taken a significant stride towards environmental sustainability with the signing of a historic loan agreement with the Japan International Cooperation Agency (JICA). Valued at US$ 75 million, the agreement is JICA’s first private sector investment finance in the banking sector in the Sub-Saharan African region. …read more →

AFRICAReports Banking and Finance News & Reports

Access Bank Zambia Limited Completes Acquisition of Atlas Mara, Creates One of Zambia’s Top Five Banks

Access Bank Zambia Limited (“Access Bank”) announced today that it has completed its acquisition of African Banking Corporation Zambia Limited, trading as Atlas Mara Zambia (“Atlas Mara”) after obtaining all requisite regulatory approvals. Atlas Mara is now a wholly owned subsidiary of Access Bank Zambia. Following this regulatory milestone, the two banks will continue to …read more →