Access Holdings grew profits by 306.91 per cent to N619.32bn for the financial year 2023 from N152.20bn recorded in the previous year. This was disclosed in the consolidated and separate statement of financials for 2023 filed with the Nigerian Exchange Limited on Wednesday. The late Group Managing Director of Access Holdings, Herbert Wigwe, who died…
Dispelling the rumours in a statement on Wednesday, the Chief Communications Officer, NNPCL, Olufemi Soneye, urged Nigerians to disregard them entirely. He reaffirmed the NNPCL’s commitment to sustaining the current sufficiency in petroleum products supply across all its retail stations in the country. The statement reads: “The NNPC Limited wishes to clarify rumours suggesting a…
Sterling Bank Limited has partnered with Export and Sell Nigeria Limited to train Small and Medium-scale enterprise operators on sustainable export practices. The collaboration unfolded through an intensive four-day capacity-building boot camp, attracting over 130 export-oriented business operators. The Group Head of Agric and Solid Minerals Finance at Sterling Bank, Dr Olushola Obikanye, underscoring the…
Access Bank Plc unveiled an offline banking platform, 901. ng on Friday, to provide customers with an additional channel to carry out their transactions and boost financial inclusion in the country. Financial inclusion in Nigeria has increased to 74 per cent in 2023, up from 68 per cent in 2020. The Central Bank of Nigeria…
The Managing Director/Chief Executive Officer of Sterling Bank, Abubakar Suleiman, has warned newly-inducted members of the Chartered Institute of Bankers of Nigeria that being a professional banker is not the route to becoming a billionaire. Suleiman said this on Saturday at the 2024 Stream 1 graduate induction and prizegiving day of the CIBN held in…
FirstBank of Nigeria Limited has reiterated its commitment to positioning its business to support customers’ wealth creation and financial success.Chief Executive Officer, FirstBank Group, Dr Adesola Adeduntan stated this at the Grand Finale of the WinBig Promo organised by the bank, during which 1,240 customers won N170 million worth of prizesAdeduntan, who was represented at…
The naira maintained a steady appreciation against the United States dollar on Thursday, gaining N18 to close 1,382/$ at the official market. This came as Presidency warned currency speculators to desist from unpatriotic act against the national currency, saying racketeers would have their fingers burnt. The naira gain came a day after the local currency…
Of every two businesses in Nigeria, one is family-owned, a study by Moniepoint has stated. The report, released on Wednesday, noted that a lack of governance structure and succession planning were some of the challenges facing family businesses in the country. According to the fintech firm, the future of family-owned businesses remained bright due to…
Access Bank Plc, the flagship subsidiary of Access Holdings Plc, has entered into a binding agreement with Kenyan-based KCB Group Plc (KCB) for the acquisition of the entire issued share capital of National Bank of Kenya Limited (NBK) from KCB NBK is one of Kenya’s major banks with total assets in excess of $1.1 billion….
