Access Bank Plc has entered into an agreement with Montepio Holding SGPS S.A to acquire 51 per cent majority shareholding in Finibanco Angola S.A., a leading Angolan bank. In a regulatory filing yesterday at the Nigerian Exchange (NGX), Access Holdings Plc-the holding group for Access Bank, stated that the Transaction would be effected through the purchase of existing shares owned …

The total number of active mobile subscribers reached 210 million in August 2022 from 208.6 million in July, with teledensity of 109.99 per cent. Internet subscribers also exceeded 152.2 million, with broadband penetration standing at 44.65 per cent. The Executive Vice Chairman/Chief Executive Officer, Nigerian Communication Commission (NCC), Prof Umar Danbatta, who was represented by the Director, Consumer Affairs Bureau, …

The Group Chief Executive Officer, Nigerian National Petroleum Company Limited, Mallam Mele Kyari has announced that the NNPC as a corporation grew its profit after tax and assets from N287 billion and N15.86 trillion in 2020, to N674 billion and N16.3 trillion in 2021, respectively. Kyari said in Abuja that the 2021 profit is contained in the Group Audited Financial …

The Minister of Transportation, Engr. Mu’azu Jaji Sambo has commended the management of the Nigerian Maritime Administration and Safety Agency (NIMASA) for its capacity development initiative in the Nigerian maritime sector. He further applauded the agency for remaining focused in the delivery of its mandate, noting that it has a better image than what it was 10 years ago. Sambo, …

Stanbic IBTC Holdings, a member of Standard Bank Group, has continued to serve as a connecting link in facilitating trade transactions between Nigerian and Chinese importers, thereby fostering international trade. As part of its efforts to boost trade relations between the two nations, Stanbic IBTC Holdings, through its banking subsidiary, has developed several solutions towards boosting favourable business deals and …

The Dangote Group has been described as a significant premium player as over 300 corporate exhibitors are participating in the 17th Abuja International Trade Fair, which is expected to be declared open by President Muhammadu Buhari on Friday. The Director-General of the Abuja Chamber of Commerce and Industry (ACCI), Ms Victoria Akai said: “As a member of ACCI, the Dangote …

Google has announced six new features and developments on search to help people gather and explore information in new ways. The Head of Communication for West Africa and sub-Saharan Africa, Mr Taiwo Kola-Ogunlade on Thursday highlighted the six new features as multisearch, multisearch near me, translation in the blink of an eye, Google for iOS updates, even faster ways to …

The dollar hit N730 to a US Dollar with an average of N726.67 in the parallel market at the close of business on Wednesday, the same day the 2023 political campaign officially commenced in the country. But the Importers and Exporters Window (better known as “official rate) still hovered around N431.35/US$. NgnRates.com, a financial technology project providing most recent Naira …

The World Bank Group will be raising $127 billion for mini-grip power funding by 2030. The bank said it will be leveraging development partner funding and government investment to “crowd in” private-sector finance for the project. It explained that solar mini-grids could provide high-quality uninterrupted electricity to nearly half a billion people in unpowered or underserved communities and be a …

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said that it is determined to take bold and revolutionary steps, using a non-kinetic approach, to address the challenges of crude oil theft, improve national crude oil production and save the country’s economy from further degeneration. Although NUPRC is not an operator/producer, it has a statutory responsibility as a regulator to probe …