the eight days of mourning would begin with a procession round the community, pointing out that they were expecting visitors outside the community and the state.
Read MoreZenith Bank mourns Herbert Wigwe as kinsmen declare eight-day mourning period
Category: Business
Pictures: High emotions, tears, as Abiodun, Dangote, Aig-Imoukhede, others visit Herbert Wigwe’s parents
Emotions ran high as billionaires wept freely as the Ogun State Governor, Dapo Abiodun and the President/Chief Executive Officer, Dangote Group, Aliko Dangote, alongside other associates paid a condolence visit to the parents of the late GCEO, Access Holdings Plc., Herbert Wigwe, on Monday. The Ogun State governor, Dapo Abiodun posted images from the visit on his Facebook account on Monday. The PUNCH reports that Wigwe, his wife, Doreen; son, Chizi; and a former Group Chairman of Nigerian Exchange Group, Abimbola Ogunbanjo, lost their lives in an helicopter crash which…
Read MoreWhy we settled for Bolaji Agbede as Wigwe’s successor – Access Holdings explain
The appointment of Ms. Agbede is in alignment with our robust succession planning practices. We are strongly convinced that Ms. Agbede, being the company’s most Senior Executive with exceptionally rich, professional and leadership experience and understanding of the Access culture
Read MoreAccess Holdings names Bolaji Agbede as Wigwe’s successor
The Acting Group CEO is a member of the Chartered Institute of Management, UK, and the Chartered Institute of Personnel Management of Nigeria.
Read MoreWigwe: ACAMB mourns a fearless and visionary leader
It is with profound sadness and a heavy heart that The Association of Corporate & Marketing Communications Professionals in Nigeria Banks (ACAMB) extends its deepest condolences to Access Holdings Group on the tragic passing of its esteemed CEO, Dr. Herbert Wigwe, CFR. The renowned business and corporate leader, along with his beloved wife, Doreen, and their cherished son, Chizi, lost their lives in a tragic helicopter crash in the United States of America. Dr. Herbert Wigwe, affectionately known as ‘The Fearless One,’ was a visionary leader whose indomitable spirit, dedication,…
Read MoreWigwe: Access Holdings release official statement
Access Holdings has confirmed the death of its Group Chief Executive Officer (CEO) Herbert Wigwe. Wigwe died in a helicopter crash on Friday with his wife, son, and a former Group Chairman of the Nigerian Exchange Group Plc, Abimbola Ogunbanjo. The bank in a statement on Sunday signed by the Company’s Group Secretary, Sunday Ekwochi, confirmed the unfortunate incident. “It is with deep sadness that the Board of Directors of Access Holdings Plc (‘the Company’) announces the passing of Dr. Herbert Wigwe, CFR, the Company’s founding Group Chief Executive Officer…
Read MoreWigwe, family and friends, in US to watch American Super Bowl, as details emerge of chopper crash
More details have emerged on the ill-fated crash of a chopper that had Herbert Wigwe, group chief executive officer (GCEO) of Access Holdings Plc, wife – Chizoba, son and three others on board. THE WITNESS learnt that Abimbola Ogunbanjo, the former group chairman of Nigerian Exchange Group Plc (NGX Group), and two others (yet to be identified) were also onboard the helicopter when it crashed in California near the Nevada border. The United States federal aviation administration (FAA) said the Eurocopter EC130 helicopter crashed around 10 p.m. California time (Saturday,…
Read MoreAccess Holdings Herbert Wigwe, wife, 5 others missing after helicopter crash
Herbert Wigwe, the Group Chief Executive Officer of Access Holdings Plc, was involved in a helicopter crash in the United States, on Friday. Wigwe, his wife and son were in the helicopter when it crashed in California near the Nevada border, as well as Abimbola Ogunbanjo, the group chairman of Nigerian Exchange Group Plc (NGX Group). A close source confirmed the development on Saturday evening. Six passengers were onboard, however, no survivors found so far.
Read MoreNigeria’s Alake chairs Africa Mineral Strategy Group
Nigeria’s Minister of Solid Minerals Development, Dele Alake, has been elected as the Chairman of the Africa Minerals Strategy Group. Dr. Alake was unanimously elected as the chairman of the mining pressure group on Monday, February 5, 2024. Speaking at the meeting of the Africa Minerals Strategy Group, Alake charged African leaders to forge a common front to get maximum benefits from the mineral resources on the continent. The minister, in a statement issued on Tuesday by his Special Assistant on Media, Segun Tomori, stressed that the era of carting…
Read MoreBreaking: FBN Holdings name Femi Otedola as chairman
FBN Holdings Plc, a leading financial institution in Nigeria, has named businessman, Mr. Femi Otedola as the new Chairman of its Board of Directors. Otedola will succeed Alhaji Ahmad Abdullahi as the company’s chairman. FBN Holdings confirmed the appointment in a notice signed by the company’s Acting Secretary, Adewale Arogundade, and sent to the Nigerian Exchange Group (NGX) on Wednesday evening. The appointment, according to the company, took effect from January 31. FBN Holdings commended the outgoing chairman for guiding it through numerous challenges and maintaining its stature in the…
Read MoreForbes Top 20: Otedola excited
Billionaire businessman, Femi Otedola, recently took to social media to express his excitement on his return to the Forbes African Billionaires list after a seven-year hiatus. Sharing a picture of the announcement on his Instagram page, he wrote, “Interesting”, and added smiley and dollar emojis.” The 61-year-old entrepreneur currently sits at number 20 on the list with a net worth of $1.1bn. According to Forbes, the wealth of the 2024 list of 20 billionaires rose to $82.4bn from last year’s $81.5bn, partly as a result of Otedola’s return. Before then,…
Read MoreBreaking: Another private jet crashlands in Ibadan
A private jet, with 10 persons onboard, including Very Important Personalities (VIPs) has crash-landed in Ibadan, the Oyo State capital. According to reports, the jet crash landed on Friday around 11 am at the Samuel Ladoke Akintola Airport. The jet with registration number, N580KR, missed the runway into the nearby bush. Meanwhile, firefighters and rescue officials from the Federal Airports Authority of Nigeria (FAAN) were immediately deployed to the scene. However, there was no death or casualty recorded. “It was a private plane from Abuja. It landed safely but overshot…
Read MoreOladipo did not pay N40m, Onalaja reveals as Lagos Govt. settles land dispute between RevolutionPlus and client
Bamidele Onalaja, the CEO of RevolutionPlus Property Ltd has disputed a statement by its aggrieved customer Kayode Oladipo, who claimed to have paid N40m to the company to purchase 20 plots of land in its facility saying the foreign-based Nigerian only made a deposit payment for the transactions. Onalaja spoke during a peace meeting brokered by the Lagos State Government, through the Lagos State Real Estate Regulatory Authority, to effectively resolved the land dispute between the real estate company, and its customer, Kayode Oladipo. According to a statement signed by…
Read MoreAccess Bank acquires controlling shares in Ugandan bank
Access Bank, the lead subsidiary of Access Holdings Plc, has entered into a transaction with the Ugandan-based Finance Trust Bank Limited and its shareholders for the acquisition of a majority equity stake in FTB. According to a statement signed by the Company Secretary, Sunday Ekwochi, which was filed with the Nigerian Exchange Limited on Wednesday, the proposed acquisition is subject to regulatory approval. In recent days, Access Holdings had moved to expand its business segments with the acquisition of an insurance brokerage firm, Megatech Insurance Brokers Ltd and the floating…
Read MoreUnion Bank pledges seamless service as new management resumes
Union Bank of Nigeria has reassured its partners, customers and critical stakeholders of continued excellent service and seamless operations following the recent appointment of its new Managing Director/Chief Executive Officer, Yetunde Oni, by the Central Bank of Nigeria (CBN). The bank assured its customers that as a long-standing financial institution in the Nigerian banking industry, it will continue to provide top-quality services and products while operating under the best tenets of corporate governance as enshrined within the guidelines of the CBN. Under its new leadership, the bank pledged to sustain…
Read MoreNNPCL to hand over Port Harcourt refinery to private operators
As the Port Harcourt oil Refinery comes to life, the Nigerian National Petroleum Company Limited has concluded plans to hand over the government refinery to private operators. The NNPCL said it is seeking to engage reputable and credible operations and maintenance companies to operate and maintain the Port Harcourt Refining Company. This, it said, was “to ensure reliability and sustainability towards meeting the nation’s fuel supply and energy security obligations.” In a publication on its website on Monday, the NNPCL said the contract scope shall cover refinery business processes like…
Read MoreAfreximbank, UBA announce $2.25b disbursement under syndicated $3.3b crude oil prepayment facility
African Export-Import Bank (Afreximbank) has successfully arranged a syndicated US$3.3b crude oil prepayment facility sponsored by the Nigerian National Petroleum Company Limited (NNPCL). An initial disbursement of US$2.25b has been made. A second tranche of US$1.05 billion is expected to be disbursed subsequently. This landmark financing is Nigeria’s largest crude oil prepayment facility and one of the largest syndicated loans raised in Africa in 2023. Investors were keen to consider ticket sizes of US$250m and US$500m amidst current headwinds and year-end pressures in the loan markets. The five-year facility carries…
Read MoreHabariPay’s Squad Launches Take on Squad Hackathon 1.0 for Young Innovators
In line with its mission of empowering businesses and young innovators across Africa, HabariPay’s Squad has announced the launch of its first-ever hackathon, “Take on Squad Hackathon 1.0.” The social coding event is scheduled to hold on January 19th and 20th 2023, at the state-of-the-art GTCO Training Complex, Tayo’s Plaza, Abeokuta, Ogun State. Take on Squad Hackathon 1.0 is targeted at young innovators in universities and other tertiary institutions in Nigeria and challenges competing teams to create innovative solutions to problems within their immediate community as well as the wider…
Read MoreHow Globus Bank female marketer committed suicide inside office
Amarachi Ugochukwu, a female marketing employee of Globus Bank, Ikorodu branch, Lagos State, has committed suicide while at work in the office. The deceased, 32-year-old Amarachi Ugochukwu, was said to have drunk an insecticide. PUNCH Metro learnt that the incident happened on Monday within the premises of the bank. Ugochukwu had around 1pm made her way into the restroom, where she drank the insecticide, unknown to her colleagues. Father Who Loses Daughter To Suicide In UK Bares It All | Punch0:11 / 1:01 Other members of staff had started looking…
Read MoreCBN’s hammer hits Polaris, Titan, Union and Keystone Banks BoDs
The Central Bank of Nigeria has, with immediate effect, sacked the entire Board of Directors of Polaris, Titan, Union and Keystone Banks. CBN sources say the decision was taken in a meeting led by the apex bank’s governor, Yemi Cardoso, on Wednesday in Abuja. The source, who spoke on condition of anonymity, hinted that an official statement dissolving the board of directors will be released shortly. The source said, “In the next hour, there is going to be official communication from the bank. We are working on it and an…
Read MoreOur CEO not arrested by EFCC -Zenith Bank
Zenith Bank Plc has dismissed as entirely untrue reports on the purported arrest of its Group Managing Director, Dr. Ebenezer Onyeagwu, in a section of the media. The reports had claimed Dr Onyeagwu was among bank CEOs arrested by the EFCC in connection with alleged fraud at the Ministry of Humanitarian Affairs. The bank however clarified that the GMD was neither arrested nor detained by the EFCC or any other anti-graft agency, adding that he is currently fulfilling his duties and responsibilities as the Group Managing Director of Zenith Bank Plc.…
Read MoreACAMB releases Abdul Imoyo’s burial plans
Association of Corporate & Marketing Communications Professionals in Banks in Nigeria (ACAMB) has announced the burial details for its distinguished Publicity Secretary, Mr. Abdul Kolawole Imoyo, who passed away in the early hours of Sunday, December 17, 2023, at First Cardiology, Ikoyi, Lagos, after a brief illness. Mr. Imoyo, a highly regarded Corporate Media Manager and Journalist, leaves behind a legacy of excellence in the field of Corporate Communications. Mr Rasheed Bolarinwa, the President of ACAMB, said in a statement that the burial arrangements, as communicated by the Imoyo family,…
Read MoreAdeduntan: FirstBank is future-proof and remains committed to the gold standard of excellence in banking
* With over 4.6 trillion-naira loans to customers in Q3 2023, FirstBank is committed to economic growth and transformation. At the dawn of the new year, it is natural for the Nigerian banking sector operators to anticipate dynamic shifts in regulations, increased digital innovations, and a focused approach toward sustainable growth and financial inclusion, while both the government and private sector eagerly anticipate the banking industry’s pivotal role in driving economic resilience, fostering innovation, ensuring regulatory compliance, and spearheading inclusive financial initiatives to bolster national development. As a mark of…
Read MoreDSTV fails to secure AFCON broadcast rights
Multichoice Nigeria, the parent company of DStv, on Wednesday, said that the popular satellite TV service will not be airing the upcoming AFCON 2023 tournament. In a statement issued on Wednesday, Multichoice stated that SuperSport TV failed to secure the broadcasting rights, leaving millions across Africa scrambling for ways to watch the continent’s biggest footballing event. The statement reads: “SuperSport Channel will not broadcast the Africa Cup of Nations (AFCON) 2023 scheduled for January 13th – February 11th, 2-24, because the channel has not secured the rights to broadcast the…
Read MoreDangote refinery gets another one million barrels of crude oil
The Dangote Petroleum Refinery, on Monday, received the fourth shipment of one million barrels of bonny light crude oil, supplied by the Nigeria National Petroleum Corporation Limited. A statement from tne $20bn firm stated that the oil company was expecting the fifth crude oil shipment soon. The plant had earlier received three shipments of crude oil, as officials of the company told our correspondent that the refinery would start pumping out refined Automotive Gas Oil, also known as diesel, and aviation fuel or JetA1 this month. In the statement issued…
Read MorePlane with 367 passengers catches fire on runway
A Japan Airlines plane was in flames on the runway of Tokyo’s Haneda Airport on Tuesday after apparently colliding with a coast guard aircraft, television reports said. The images on broadcaster NHK showed the plane moving along the runway before an explosion of orange flames burst from beneath and behind it. All 367 passengers on board the Airbus plane were evacuated, broadcaster NHK reported. The cause of the incident was not immediately clear, but television reports said that the Airbus collided with a Coast Guard aircraft. Reports said that the…
Read MoreDECEMBERISSAVYBE: “SICKLE CELL DISEASE COULDN’T STOP ME FROM BECOMING A ROCKSTAR”, ADEKUNLE GOLD INSPIRES YOUTHS AT FIRSTBANK SPONSORED LAGOS CONCERT
Afrobeat’s sensation, Adekunle Gold, popularly known as AG Baby, mesmerised hundreds of music lovers and inspired youths at a pre-Christmas concert sponsored by FirstBank, Nigeria’s premier financial institution. The event, aptly named “Stacked December Party,” took place on December 22, 2023, at the Palms Shopping Mall in Lekki, Lagos. Adekunle Gold, with his unique blend of breathtaking and soulful melodies, captivated the audience, leaving them in awe and begging for more. The concert, titled “An Intimate Encounter with Adekunle Gold,” provided a platform for the superstar to connect with his…
Read MoreZenith Bank wins Euromoney 2023’s digital solution award
Zenith Bank Plc has been named the “Best Bank for Digital Solutions in Nigeria” in the Euromoney Awards for Excellence 2023, underscoring the bank’s pioneering and outstanding achievements in delivering cutting-edge digital financial solutions. Speaking on the recognition, the Group Managing Director/CEO of Zenith Bank Plc, Dr. Ebenezer Onyeagwu, said, “We are delighted to receive the distinction as the Best Bank for Digital Solutions in Nigeria. This accolade serves as a validation of Zenith Bank’s trailblazing initiatives in integrating advanced technology within Nigeria’s financial services sector. Our commitment to expanding…
Read MoreEmefiele opened 593 foreign bank accounts in China, UK, US -Reports
In a startling revelation, a presidential panel investigating the activities of the Central Bank of Nigeria (CBN) under the tenure of former Governor Godwin Emefiele has uncovered unauthorised investments of Nigeria’s funds in 593 foreign bank accounts across the United States, China and the United Kingdom. This was part of the final report that the special investigator appointed by President Bola Tinubu in July, Jim Obazee, submitted recently. The findings suggest that Emefiele, during his term, allegedly directed substantial sums to these accounts without the necessary authorisations. The investigative report…
Read MoreUBA gifts N36m to customers in Super Saver Promo
In line with its usual custom of rewarding loyalty especially during the yuletide season, Africa’s Global Bank – United Bank for Africa (UBA) Plc- has rewarded its loyal customers in the just concluded UBA Super Savers Draws giving out over N36million in cash prizes Others were Musa Abdulhamid; Paul Peter; Sarah Olabanke Olawunmi; Do-Ere Ekpe; Nduka Paul; Ijeoma Loveday Ndumechi; Idris Muhammed; Chinonye Christabella Olumba; Ossai, Josephine Oluchukwu; Gift Rhoda Adode; Felix, Felicia; Nwakaego Sunday; Okwudiri Victor Nwankwo; Peter Enyo-Ojo Alfa; Blessing Damilola Alao and Gbolahan John Ayanlowo When contacted…
Read MoreZENITH BANK JOINS WORLD FINANCE 100 LISTING FOR 2023
Zenith Bank Plc has been listed in the World Finance 100 2023 released by World Finance Magazine, achieving the feat as the only Nigerian company in the prestigious and exclusive listing. Zenith Bank’s inclusion in this elite list underscores the bank’s outstanding achievements and resilience in a dynamic and competitive global market.The World Finance 100 celebrates companies that have reached the pinnacle of achievement across a wide variety of fields of expertise. Each year World Finance compiles the list of 100 companies, purely based on excellence in their field. The…
Read More2024: NNPCL pledges to produce 2m barrels of crude oil daily
The newly appointed Board and Management team for the Nigerian National Petroleum Company Ltd (NNPCL) on Monday pledged to produce two million barrels of crude oil on a daily basis from 2024. Chief Pius Akinyelure, Non-Executive Board Chairman of NNPCL, stated this while briefing State House Correspondents shortly after the inauguration of the board by President Bola Tinubu. Akinyelure also promised that the board would overhaul the security architecture of the NNPCL with a view to curb incidents of stealing and vandalisation of pipelines. “We have just concluded our inauguration…
Read MoreAbdul Imoyo: ACAMB issues statement, seeks respect for family’s privacy
The Association of Corporate & Marketing Communications Professionals in Banks in Nigeria (ACAMB) is deeply saddened to announce the passing of its esteemed Publicity Secretary, Mr. Abdul Kolawole Imoyo. Mr. Imoyo, a highly regarded corporate media manager and Journalist, breathed his last in the early hours of Sunday, December 17, 2023, at First Cardiology, Ikoyi, Lagos, after a brief illness. In a statement signed by ACAMB’s President, Rasheed Bolarinwa, on behalf of the Executive Committee and entire members of the Association, it says until his untimely demise, Mr. Imoyo served…
Read MoreDECEMBERISSAVYBE: FirstBank celebrates female singers, sponsors A Night of Queens’ concert
By Bolaji Israel It promises to be a spectacular celebration of extraordinary talent as FirstBank, Nigeria’s premier bank takes centre stage as the lead sponsor of the highly anticipated ‘A Night of Queens’ concert. The all-female showcase of musical and creative talents will take place on Sunday, December 17th, 2023, at the prestigious Eko Convention Centre in Victoria Island, Lagos. In collaboration with Livewire Concerts, an international entertainment company in Nigeria, FirstBank aims to create a lasting impression on the audience with this groundbreaking flagship musical event. The energy, excitement,…
Read MoreLASTMA impounds 78 trucks packed on top of bridges
The Lagos State Traffic Management Authority (LASTMA) said it has impounded another 78 illegally parked container-laden trucks on top of the High Bridge by Lilly Pond inward Apapa and Sifax axis of Ijora (Olopa). LASTMA spokesperson, Adebayo Taofiq in a statement said the enforcement operations was led by the General Manager, Bakare Oki Olalekan in conjunction with relevant security Agencies. “The enforcement operations were carried out to ensure smooth/seamless traffic for Lagosians during the Christmas and New Year celebrations and beyond,” Taofiq said. Taofiq also confirmed that the early Sunday…
Read MoreSMEs to access funds from FG’s N150bn Grant
The manufacturing sector is set for relief as the federal government is set to kick off its two programmes targeted at alleviating the impact of the fuel subsidy removal – the Presidential Conditional Grant Programme and the Presidential Palliative Loan Programme. In the Presidential Conditional Grant Programme, the federal government will disburse N50,000.00 (Fifty Thousand Naira) to nano businesses, across the 774 local government areas. The federal government, through the Federal Ministry of Industry, Trade and Investment and Small and Medium Enterprises Development Agency of Nigeria, (SMEDAN) will collaborate with…
Read MoreIndustry experts say hope for reduced fuel price brightens as refinery begins operations
Stakeholders in the downstream petroleum sub-sector drawn from the Natural Oil and Gas Suppliers Association of Nigeria (NOGASA) and the Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) have assured that the prevailing crisis in the energy sector would soon end with the envisaged return of operations at the Port Harcourt Refinery, Rivers State in January. The national president and chairman, Board of Trustees (BoT) of NOGASA, Mr Kenneth Korie and his PETROAN counterpart, Dr. Billy Harry, who spoke after the inauguration of Akwa Ibom State chapters of the…
Read MoreFIRSTBANK DECEMBERISSAVYBE: Asake kicks off 2023 superstar concerts, events
By Bolaji Israel FirstBank, Nigeria’s premier financial institution, is set to ignite the annual DecemberIssaVybe fun time energy with the sponsorship of heavyweight sensational Nigerian singer, Asake’s super star musical concerts in Abuja and Lagos. Asake also known as Mr Money, an award-winning singer and the rave of the moment, famed for his monster global Afrobeat hit songs, will be performing in Abuja on Friday, 15th December at Harrow Park. The Lonely At The Top crooner will be kicking off to a great start in the lineup of super star…
Read MoreIllegal miners sponsoring bandits, Solid Mineral Minister, Alake alleges
The Minister of Solid Mineral, Dele Alake, has blamed unnamed ‘Powerful Nigerians’ for the illegal mining activities and acts of terrorism going on in different parts of the country. Alake made the allegation on Tuesday when he led a delegation of top officials of the ministry to defend the 2024, budget estimates before the House Committee on Solid Minerals at the National Assembly Complex, Abuja. He added that the banditry ongoing in the land may have a foreign component but noted that the major sponsors are Nigerians yet to be…
Read MoreCBN issues new directives to banks amidst naira scarcity
The Central Bank of Nigeria (CBN) has suspended the charging of processing fees of 2 percent and 3 percent previously charged on all cash deposits above N500,000 and N3,000,000 by individuals and corporates respectively, with immediate effect. This was disclosed in a statement on Monday by the Acting Director, Banking Supervision, Dr Adetona Adedeji. According to the statement, the suspension shall remain in effect until April 30, 2024. Recall the processing charges imposed on cash deposits aboveN500,000 for individuals and N3,000,000 for corporates as contained in the ‘Guide to Charges…
Read MoreCBN orders Banks to disconnect Opay, Palmpay Kuda others from transfer list
Banks have been asked to disconnect Switches, Payment Solution Service Providers, and Super Agents from the Nigeria Inter-Bank Settlement System Instant Payment Outwards System. The NIBSS disclosed this in a circular dated December 5, 2023, with Ref: NIBSS/BD/NI/PO/005/051223 to banks. According to the national payment infrastructure company, the listing of non-deposit-taking financial institutions as beneficiaries contravenes the Central Bank of Nigeria guideline on electronic payment. It said, “This is to bring to your attention that listing non-deposit-taking financial institutions such as Switching Companies, Payment Solution Service Providers, and Super Agents…
Read MoreHuge crowds besiege banking halls as CBN issues directives on BVN, NIN
Huge crowd besieged banking halls on Monday, as customers moved to link their Bank Verification Numbers and National Identity Numbers to their bank accounts. This followed the new directive of the banking regulator to the banks on Friday, to bar customers who were yet to link their BVN and NIN from having access to their accounts. CBN said in its new directive that existing customers must, “Ensure all operated accounts/wallets created through agents, are fully profiled in the NIBSS ICAD and tagged with valid and correct BVN and/or NIN.” It…
Read MorePPP: Oyo Govt., Firm Set To Develop 50-Hectare Yekinni Adeojo GRA
The Oyo State Governor, Seyi Makinde, has approved the award of the Yekinni Adeojo Government Residential Area (GRA), to Messrs Allianz West Africa (Nigeria) Limited under a Public-Private Partnership (PPP) scheme. The Director General of Oyo State Investment & Public-Private Partnership Agency (OYSIPPA), Mr Tilewa Folami, handed over the MANDATE LETTER OF GRANT to the Managing Director/CEO of Allianz-West Africa Offshore Limited, Engr Adeyinka Owodunni in Ibadan on Tuesday, December 5, 2023. According to the mandate letter, Allianz West Africa Ltd. will develop the Infrastructural Facilities at the 50-Hectare Yekinni…
Read MoreFirstBank UK Adopts Bloomberg TOMS to Optimize Fixed Income Workflow
Bloomberg announced today that FirstBank UK Limited (FirstBank UK),the UK subsidiary of First Bank Nigeria Limited, the premier West African bank,has adopted Bloomberg’s Trade Order Management System (TOMS). By integrating TOMS into its workflow, FirstBank UKwill have access to a comprehensive suite of data and analytics, communications,as well as order and execution management solutions, enabling it to streamline its fixed income bonds business. FirstBank UKis a niche market-maker to its customers in Africa. The business provides market liquidity in cash bonds, primarily in Nigerian, Angolan, Egyptian and Ghanaian Eurobonds to…
Read MoreWins Bank of the Year Africa 2023, as subsidiaries in Africa come top
Africa’s Global bank, United Bank for Africa (UBA) Plc, has again demonstrated its prowess on the international stage as it clinched nine prestigious awards at The Bankers Awards 2023, organized by The Banker Magazine – a publication of Financial Times of London, the world’s leading business newspaper. The prestigious awards presented to the Bank at a ceremony in London, United Kingdom on Thursday, included the highly coveted Bank of the Year Africa 2023, solidifying UBA’s position as the leading financial institution on the African continent. The Bank’s subsidiaries also emerged…
Read MoreZenith Bank signs MOU with CFA Institute to boost financial expertise
Zenith Bank Plc has signed a Memorandum of Understanding (MoU) with the Chartered Financial Analyst (CFA) Institute to promote efforts and activities that support the formation, training, and updating of human capital in finance and investment for the overall development of the Nigerian financial services sector.The MoU, was signed by the Group Managing Director/CEO of Zenith Bank Plc, Dr. Ebenezer Onyeagwu; the President/CEO of the CFA Institute, Margaret Franklin; and the President of CFA Society Nigeria, IbukunOyedeji on Tuesday, November 28, 2023. Speaking at the MoU signing ceremony, the Group…
Read More1,411 delegates representing Nigeria at COP28
No fewer than 1,411 Nigerian delegates, enough to fill two or three jumbo jets, registered to participate at the 28th Climate Change Summit presently holding in Dubai, the United Arab Emirates. That is, the meeting of the Conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC). And according to data published by UNFCCC, about 97,000 delegates registered to attend in person, with another 3,000 registering to participate virtually, making it the largest COP conference in history and almost twice the number that travelled to Sharm…
Read More‘Our ordeals in the hands of United Nigeria Airlines’ -Abuja bound passengers who landed in Asaba laments
Some passengers who boarded a plane from the Murtala Muhammed Airport in Ikeja, Lagos have recounted their ordeals after the plane which was meant to carry the passengers to Abuja, the Federal Capital Territory, landed at the Asaba Airport in Delta State. The incident which happened on Sunday threw many passengers into confusion as some of them said upon landing at the Asaba airport, the crew still announced to them that they had arrived at Abuja. One of the passengers, who gave her name simply as Thelma, said she thought…
Read MoreCOP28 Climate Summit: Tinubu meets King Charles lll, discuss Nigeria, UK partnership.
The President, Asiwaju Bola Ahmed Tinubu on Thursday, met King Charles III of England in Dubai, the United Arab Emirates, venue of the COP28 Climate Summit. Both leaders had arrived at the city to participate in the conference where leaders from over 198 countries are expected to participate. Tinubu announced the meeting on his X account, describing the British Monarch as a passionate climate advocate. He stated, “I had a productive meeting with His Majesty, King Charles III of England who is also the Head of the Commonwealth, and a…
Read MoreUnion Bank, Universal Green Energy Announce Partnership To Propel Renewable Energy Market In Nigeria
Luxembourg based Universal Green Energy Access Programme (UGEAP), and Union Bank of Nigeria have formalised the basis for a strategic partnership to catalyse the development of the renewable energy market in Nigeria. This collaboration, marked initially by a Memorandum of Understanding (MoU), aims to drive sustainable energy access for households and small and medium businesses across Sub-Saharan Africa, primarily focusing on Nigeria. UGEAP, a 15-year blended finance facility, is dedicated to supporting the transition to sustainable energy. The United Nations Green Climate Fund (GCF) has committed the anchor investment to…
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