The World Trade Organization (WTO) has reappointed Ngozi Okonjo-Iweala for a second term as Director-General during a special meeting held on Friday. Okonjo-Iweala, who made history in 2021 as the WTO’s first female and first African leader, will serve another term as the organization prepares to navigate an era […]
Category: Exclusives
Exclusives
Access Bank Finalizes Acquisition Of Standard Chartered Bank Subsidiaries In Angola, Sierra Leone
Access Bank Plc, the flagship subsidiary of Access Holdings Plc, has completed the acquisition of Standard Chartered Bank Angola S.A. and Standard Chartered Bank (Sierra Leone) Limited. This milestone follows the company’s announcement in July 2023 regarding the planned acquisitions. In a statement celebrating the achievement, Roosevelt Ogbonna, […]
Gas Will Drive Development With Minimal Emissions, Says Seplat Energy
Seplat Energy Plc has said that the gas resources in Nigeria and other African countries can drive significant developmental gains with minimal impacts on emission. According to the leading energy company, gas is the immediate solution to many immediate problems in Africa; thus, there is a compelling development case […]
Nigeria’s GDP Expands by 3.46% in Q3 2024, Services Sector Leads Growth
Nigeria’s Gross Domestic Product (GDP) grew by 3.46% year-on-year in real terms during the third quarter of 2024, according to a report by the National Bureau of Statistics (NBS). This represents an improvement over the 2.54% recorded in Q3 2023 and a slight increase from the 3.19% in Q2 2024, […]
FBN Holdings Shareholders Approve N14bn Dividend …Endorses Oyedeji As New GMD
The shareholders of FBN Holdings have unanimously approved a total of N14.4bn as dividend for the financial year ended Dec. 31, 2023. They gave the approval at the company’s 12th Annual General Meeting which was conducted virtually on Thursday. The approved dividend translated to 40k per share. […]
Air Peace’s Growth Proves Nigeria’s Potential in Global Aviation, says Festus Keyamo
The Minister of Aviation and Aerospace Development, Mr Festus Keyamo (SAN), has said Air Peace’s strong performance in the aviation industry is a testament to Nigeria’s global aviation potential. The minister made this disclosure at the 10th-anniversary celebration of Air Peace held at the Eko Hotels and Suites in […]
FBN Holdings targets N730bn capital base by Q1, 25
The Group Managing Director, FBN Holdings Plc, Mr Nnamdi Okonkwo, has assured its shareholders that the company will attain a N730 billion capital base by the first quarter of 2025. Okonkwo gave the assurance at the the Group’s ‘Facts Behind the Rights Issue” presentation at the Nigerian Exchange in […]
SEC, NGX, JSE Strengthen Ties To Boost African Capital Markets
The Nigerian Securities and Exchange Commission (SEC), the Nigerian Exchange Group (NGX), and the Johannesburg Stock Exchange (JSE) have formed a strategic partnership focused on governance, market development, and sustainability initiatives. In a statement shared with Business Nexus, it was announced that a delegation from NGX Group Plc, led […]
CBN’s Latest Rate Hike to Strain Businesses and Impact Market Sentiment, Experts Warn
Several financial analysts have voiced concerns regarding the Central Bank of Nigeria’s (CBN) recent decision to raise the Monetary Policy Rate (MPR) by 50 basis points, despite emerging signs of economic improvement. In an interview, the analysts warned that this rate hike could elevate borrowing costs, create additional pressure on […]
Access Bank’s Contributions in Africa’s Transition to a Low Carbon Economy
Africa is facing a growing challenge of managing its waste and natural resources in a sustainable way. The current traditional linear economic model, characterized by a “take, make, dispose” pattern that is extracting, consuming, and disposing of materials, is inefficient, wasteful, and harmful to the environment and human health. According […]