Access Bank Shareholders of Access Bank Plc has endorsed the company’s board changes in furtherance to the completion of the scheme of arrangement between the bank and holders of its fully paid ordinary shares of 50 kobo each, resulting in the listing of Access Holdings Plc and related companies on the Nigerian Exchange Limited (NGX). […]
Tijani Babatunde Folawiyo Akin Kuponiyi A Federal high court sitting in Lagos on Thursday granted an order for AMCON to take over the assets of a Lagos businessman Tijani Babatunde Folawiyo. The asset seizure was ordered based on Falawiyo’s unpaid debt of N727.9 million. The order of the court was sequel to an application filed […]
A report by the National Bureau of Statistics has shown how banks foreign inflow rapidly increased within the period of three years The report presented capital importation recorded within the years from banks to $38.18bn. Naija News understands from the report that the likes of Stanbic IBTC Bank, Standard Chartered Bank Nigeria, and Citibank Nigeria […]
A Federal High Court sitting in Lagos has restrained Integrated Energy Distribution and Marketing Company Ltd and Polaris Bank from tampering, howsoever, with funds standing to their credit up to $6,759,000 (about N2.8 billion) or its equivalent in any currency in 25 banks, the Debt Management Office and Federal Ministry of Finance. Justice Daniel Osiaigor, […]
Access Bank Plc has recorded positive results despite a challenging economic and regulatory landscape in 2020, the bank’s audited financial statement has shown. The bank recorded gross earnings of N764.7 billion, up by 14 per cent from N666.8 billion in 2019. Profit before tax grew by 13 per cent to N125.9 billion from N111.9 billion, […]
Without the Public Investment Corporation’s support, a restructuring agreement with major lenders will fail, meaning that $51m of new money will not be injected into Smile, and the company will most likely face the prospect of liquidation. Smile Telecoms, an African telecommunications company, is facing liquidation after the Public Investment Corporation (PIC) pulled its funding […]
On Wednesday, Access Bank said the merger of Cavmont into Access Bank Zambia will hold before the end of January 2021. The management of Access Bank Plc has said its Zambian subsidiary has completed the acquisition of Cavmont Bank Limited. The bank said the acquisition followed the fulfillment of key conditions, including regulatory approvals. Access […]
Seplat Named Emeka Onwuka as CFO and Executive Director Seplat Petroleum Development Company Plc has appointed Mr. Emeka Onwuka as the Chief Financial Officer (CFO) and Executive Director of Seplat, effective from August 1, 2020. In the statement signed by Mrs. Edith Onwuchekwa, Company Secretary and Chief Governance Compliance Officer, and released through the Nigerian […]
Access Bank’s Zambian subsidiary announced plans for the acquisition of a 100% stake of domestic lender Cavmont Capital Holdings Zambia in mid July. Following the collapse of Equity Bank’s plans to acquire Atlas Mara’s subsidiaries in Rwanda, Zambia, Mozambique and Tanzania in June, the deal is a sign that an anticipated Covid-19-driven spate of bank […]
Seplat Petroleum Development The Board of Directors of Seplat Petroleum Development Company Plc has announced the appointment of Mr. Emeka Onwuka as its Chief Financial Officer (CFO) and Executive Director of the company. The appointment takes effect from August. Onwuka has over 30 years’ experience in financial services within Sub-Saharan Africa. He has acted as […]
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