AFRICAReports Banking and Finance News & Reports Trade and Investments

Access Holdings  Vests  23.8 million Units of Shares on Senior Executives

In line with the disclosure requirements of the Securities and Exchange Commission and the Nigerian Exchange Limited, Access Holdings Plc, Africa’s leading financial services group, has announced the award of 23.8 million ordinary shares to some of its senior executives and executives of Access Bank, its flagship subsidiary. This is in pursuant of the terms …read more →

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Oyo State, Shell Nigeria Sign $100 Mn Deal for Gas Infrastructure Development

The Oyo State government, in collaboration with Shell Nigeria, has sealed a $100 million contract for the development and distribution of gas infrastructure under the Build-Own-Operate-Transfer (BOOT) model. Governor Seyi Makinde announced the milestone via his X platform, revealing that the signing ceremony took place in London. Makinde provided insights into the project, highlighting its …read more →

AFRICAReports Banking and Finance News & Reports Trade and Investments

Access Holdings’ Shareholders Unanimously Back Capital Raising Plan, Hail Aig-Imoukhuede’s Return as Chairman

The shareholders of Access Holdings Plc (“Access Holdings” or “the Group”) at the 2nd Annual General Meeting (AGM) held on Friday, April 19, 2024, unanimously backed the Group’s plan to establish a capital raising programme of up to US$1.5 billion as well as the subset initiative to raise up to N365 billion, specifically, through a …read more →

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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 →

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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 →

Banking and Finance Economy News & Reports Trade and Investments

Nigeria’s Inflation Rate Will Drop To 21% In 2024, Says Cardoso

Amid the rising prices of foodstuff and other commodities in the market, the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has assured Nigerians that the nation’s inflation rate will drop. Nigeria’s inflation has been on the rise for 11 consecutive months, reaching its peak in December 2023, according to the National Bureau …read more →

Economy News & Reports Trade and Investments

Why Government Should Support Our Quest for A Viable, Productive Manufacturing Sector – MAN

If foremost Nigerian industrialists such as Adeola Odutola, Sir Louis Odumegwu Ojukwu, Adeyemi Lawson, Henry Fajemirokun, and the renowned technocrat and industrialist Olawale Kuye resurrect today, they would be disappointed with the way the one-time thriving manufacturing sector in Nigeria has deteriorated. They were  prominent members of the Manufacturers Association of Nigeria  (MAN) They would …read more →

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ACT Foundation Opens 2024 Grant Cycle to Empower Non-profits and Social Enterprises in Africa

Aspire Coronation Trust (ACT) Foundation has announced the opening of the highly anticipated 2024 ACT Grant Cycle, an initiative designed to support and scale up non-profits and social enterprises in Africa. The 2024 Grant Cycle, which opened on Monday, 23rd October and closes on Friday, 10th November, is targeted at non-profits and social enterprises in …read more →

AFRICAReports News & Reports Trade and Investments

LCCI Establishes ECOWAS/ AFCFTA Regional Integration Trade and Investment Committee

The Lagos Chamber of Commerce and Industry (LCCI) inaugurated the ECOWAS/ AfCFTA Regional Integration, Trade & Investment Committee (EARI-TIC) and named its initial members.  At the inauguration ceremony, the LCCI President, Asiwaju (Dr) Michael Olawale-Cole, underlined the priorities of peace, political stability, and good governance as some of the foremost promoters of regional integration, trade, …read more →

Infrastructure News & Reports Telecom Trade and Investments

NCC Showcases Indigenous Telecom Achievements at NTICE 2023 Expo

The Nigerian Communications Commission (NCC) is set to showcase achievements so far recorded in the promotion of indigenous content in the telecommunications sector at the second edition of the Nigerian Telecommunications Indigenous Content Expo (NTICE 2023), which holds in Lagos from August 22-24, 2023, at Landmark Centre, Victoria Island, Lagos. Themed: “Harnessing Indigenous Content for …read more →