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 Banking and Finance ENERGY Environment Infrastructure Financing News & Reports Photo News WORLDReport

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 →

Infrastructure Financing News & Reports Power WORLDReport

World Bank Approves $750m to Boost Renewable Energy in Nigeria

To expand access to clean energy for 17.5 million Nigerians, the World Bank has approved $750 million to boost renewable energy in Nigeria through the Renewable Energy Scale-up (DARES) project. The project is being financed by an International Development Association (IDA) credit and would leverage over $1 billion of private capital and significant parallel financing …read more →

AFRICAReports Infrastructure News & Reports Photo News Technology Telecom WORLDReport

Tinubu Meets Oracle Chief, Hints at Partnership with Big Techs for Efficiency

President Bola Tinubu, on Monday, expressed his support for new partnerships with global technology companies to ensure that data from public institutions are accurate and transparent in providing templates on which proper public sector planning and accounting can occur across sectors. Speaking at a meeting in the State House with the Global Vice President of …read more →

Housing Infrastructure News & Reports Photo News WORLDReport

Qatar to Boost Kaduna Mega Economic City with 500,000 Housing Units

The Qatari Government has inaugurated the construction of a 500,000 mass housing units project for vulnerable and less-privileged persons in Kaduna State. Qatar’s Ambassador to Nigeria, Dr. Ali Bin Ghanem Al-Hajri performed the official inauguration of the project on Wednesday in Kaduna. Al-Hajiri lauded Gov. Uba Sani for his support towards the success of the …read more →

AFRICAReports Economy News & Reports Power WORLDReport

Shell Boosts Nigeria’s Oil Output by 220,000 Barrels with Resumption of Forcados-grade Crude

Exports of Nigeria’s Forcados grade of crude oil resumed on Sunday, a Shell spokesperson said on Monday, roughly a month after loadings of the medium sweet grade were suspended because of a potential leak at the export terminal. Sources had told Reuters that exports of the grade, which was scheduled to ship 220,000 barrels per …read more →