Access Bank, the flagship subsidiary of Access Holdings Plc, has entered into a transaction with the Ugandan-based Finance Trust Bank Limited and it’s 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 Nigerian National Petroleum Company Limited says it has in the past one week uncovered no fewer than 83 illegal refineries in the Niger Delta. The NNPCL disclosed this on its X handle on Tuesday, as part of its war on crude oil theft, saying 15 illegal pipeline connections were also discovered within the same…
FIDELITY Bank has launched a creative writing competition for secondary school students dubbed Read2Lead. It is part of bank’s Corporate Social Responsibility initiatives designed to empower Nigerian youths with quality education. Themed Read2lead, the three-stage competition would see secondary school students hone their reading and writing skills while competing for millions of naira in cash…
Stanbic IBTC Holdings, a member of Standard Bank Group, has once again proven its commitment to delivering exceptional customer experiences by securing top spots in KPMG’s 2023 West Africa Banking Industry Customer Experience Survey.In the recently released survey results, Stanbic IBTC emerged as a leader in retail, SME and corporate segments, securing the prestigious top…
Barely hours after the Central Bank of Nigeria dissolved the boards and managements of Union Bank of Nigeria, Keystone Bank and Polaris Bank over alleged corporate governance infractions and non-compliance with regulatory requirements, the financial regulatory body appointed new executive directors to oversee the affairs of the deposit money banks. A statement by the acting…
The Central Bank of Nigeria, in the early hours of Thursday, appointed Hassan Imam as the new Chief Executive Officer and Managing Director of Keystone Bank, the PUNCH reports. Imam takes over leadership of the commercial bank from Olaniran Olayinka, who served as CEO from March 2020 until the CBN dissolved the boards of Keystone…
The Central Bank of Nigeria (CBN) has appointed new leaders for three Nigerian banks whose boards and managements were dissolved on Wednesday. In a statement late Wednesday, Hakama Sidi Alli, the acting director of corporate communications at the CBN, named Yetunde Oni as the new managing director/chief executive officer of Union Bank and Mannir Ubale…
United Bank for Africa (UBA) Plc, has joined the group of companies with market capitalisation of over N1 trillion, as its share price value hits N29.90 per share. At the close of trading of the Nigerian Exchange Ltd. (NGX) on Monday, the bank’s market capitalisation crossed N1.02 trillion, making it the third most capitalised financial…
The Nigerian National Petroleum Company Limited, on Tuesday, said it made a profit of N2.548tn in 2022, describing it as the “highest profit since the inception” of the national oil firm. NNPCL is a state-owned oil corporation established in 1977 and the largest asset holder within the Nigerian oil and gas industry. It is currently…
