Business

Driving Progress: Comorians Celebrates Transformative Road Built with African Development Bank Support   The people of the Union of the Comoros are celebrating the completion of a major road that will open up its agriculturally rich areas and provide reliable access to its popular tourist centres. Thousands of Comorians turned up to witness the official

Access Holdings Plc Secures SEC Approval for N351 Billion Rights Issue By Eyo Nsima Access Holdings Plc, one of Africa’s leading financial services groups, today announced that it has received approval from the Securities and Exchange Commission (SEC) for the commencement of its N351 billion Rights Issue (‘the Offer’). This marks a significant milestone in

National Security: NIGCOMSAT, MOMAS- EPAIL partner on communication infrastructure   To boost effective communication infrastructure in Nigeria Defense sector, the Nigerian Communications Satellite Ltd., (NIGCOMSAT) and MOMAS Equipment and Protective Applications International Limited (EPAIL), has announced partnership on effective communication infrastructure in Nigerian Defense sector, in order to boost national security. Speaking at the event

Tier-1 Banks Report 2024: Access Holdings Leads in PBSI Ranking   In recognition of its outstanding performance, Access Holdings PLC has been named the leading Tier-1 Bank in the 2024 Proshare Bank Strength Index (PBSI) report. The PBSI, which evaluates banks based on a comprehensive set of financial metrics derived from audited financial statements for

Access Holdings Plc Holds Signing Ceremony in Respect of Proposed ₦351 Billion Rights Issue   Access Holdings Plc (“Access Holdings” or “the Group”) on Tuesday, June 2, 2024, held a formal signing ceremony as part of the arrangements to raise a total of ₦351,009,103,017.25 (Three hundred and fifty-one billion, nine million, one hundred and three

Afreximbank and the WTO Secretariat harmonize efforts to develop trade in Africa   Today, African Export-Import Bank (Afreximbank or “the Bank”) (www.Afreximbank.com) signed a Memorandum of Understanding (MoU) with the World Trade Organization (WTO) to amplify the impact of their strategically aligned joint efforts of promoting global trade leveraging Africa’s unique resource endowment. The MoU

Spaces for Change Co-Sponsors the National Organizational Summit 2024 in Abuja   Spaces for Change is proud to support the upcoming National Organizational Summit, an essential gathering for Civil Society Organizations (CSOs) and Business Membership Organizations (BMOs) across Nigeria. This summit, organised by the SCALE project, marks the third annual Organizational Development (OD) Summit, set

₦121.67trn debt: SERAP asks Inspection Panel to hold World Bank to account   Socio-Economic Rights and Accountability Project (SERAP) has sent a complaint to the World Bank Inspection Panel urging the Panel “to probe allegations of corruption in the spending of the loans and other funding facilities obtained by the Federal Government and Nigeria’s 36

  NNPC Ltd Set to Deliver Gas Revolution with OB3 Gas Pipeline Project …As FG Expresses Satisfaction with Project’s Progress   In yet another major step towards boosting nationwide gas supply to drive industrialization and economic growth, the Nigerian National Petroleum Company Limited (NNPC Ltd) is set to deliver the Obiafu-Obrikom-Oben (OB3) Gas Pipeline project.

Shell reiterates commitment to Nigeria’s development, wins FRCN award   Shell Petroleum Development Company of Nigeria Limited (SPDC) has reaffirmed its unwavering commitment to supporting the socio-economic development of Nigeria, especially in its areas of operations in the Niger Delta. SPDC Director and Head of Corporate Relations, Igo Weli, made the restatement in Port Harcourt