A flagship subsidiary of Access Holdings, Access Bank, says it has completed the acquisition of Standard Chartered Bank, in Angola, and in Sierra Leone. Mr Roosevelt Ogbonna, Managing Director/Chief Executive Officer(CEO) of Access Bank Plc disclosed this in a notification sent to the Nigerian Exchange Ltd. (NGX) in Lagos on Wednesday. Ogbonna said: “We are pleased to have successfully concluded two important acquisitions in Angola and Sierra Leone. “This affords us synergies to strengthen the quality of our earnings from both countries by significantly growing our share of the Corporate and SME banking in the two markets. “The combinations represent…
Author: News Editor
By Tony Obiechina, Abuja The Minister of Education, Dr. Maruf Olatunji Alausa, has called for an urgent and collaborative approach to tackle Nigeria’s educational challenges. He made the call at the Education Sector Stakeholders’ Consultative Dialogue held on Wednesday at the UBEC Digital Resource Centre, Kado in Abuja. Speaking to a diverse audience of federal and state officials, development partners, and education advocates, Dr. Alausa emphasized the need for innovation, accountability, and strategic partnerships to revitalize the education sector and unlock the potential of Nigeria’s youth. The minister who acknowledged the significant support from partners such as UNESCO, UNICEF, USAID,…
The National Film and Video Censors Board (NFVCB) has partnered with five higher institutions in Lagos State to host an interactive session and capacity building event for youths and undergraduates. The News Agency of Nigeria (NAN) reports that the two-day event was held at Afe Babalola Hall, University of Lagos. The event drew no fewer than 300 participating students from the University of Lagos, Lagos State University, Yaba College of Technology, Trinity University, and the Lagos State University of Science and Technology. The workshop featured training sessions in various aspects of filmmaking, including directing, cinematography, acting, screenwriting, costume design, and…
By Tony Obiechina, Abuja The Chairman, Investments and Securities Tribunal Amos Azi has revealed that the Investments and Securities Tribunal has entered into partnership with the National Judicial Council (NJC) for the on- boarding of IST into an E-filing portal that will enhance the Tribunal’s case management. Amos Azi who was speaking when he played host to the House of Representatives Committee on Capital Market, said with E-filling it would be easier for cases to be filled from anywhere in the world making the process of case filling less cumbersome and more cost effective. The chairman also pleaded with the…
The Senate, on Wednesday, screened the acting Chief of Army Staff (COAS), Lt.-Gen. Olufemi Oluyede, behind closed doors. Chairman of the Senate Committee on Army, Sen. Abdulaziz Yar’adua, before the screening, recalled that the senate, had, at its sitting on Tuesday, read President Bola Tinubu’s request urging them to confirm Oluyede’s appointment as chief of army staff. Yar’adua commiserated with Oluyede over the death of the late Chief of Army Staff, Taoreed Lagbaja. He said that Lagbaja made significant strides in improving the welfare of the army and brought innovations, such as the Nigerian Army Aviation. “It is a known…
President Bola Tinubu, accompanied by First Lady Senator Oluremi Tinubu, arrived in Paris on Wednesday evening for a three-day State Visit to fortify Nigeria-France relations. Touching down at Orly Airport around 5:10 p.m., President Tinubu was welcomed with full military honours by the French Republican Guard, marking a ceremonial start to his visit. The official engagements will begin on Thursday at the historic Les Invalides, where French President Emmanuel Macron and First Lady Brigitte Macron will warmly receive President Tinubu. According to Presidential Adviser on Information and Strategy, Bayo Onanuga, the visit will continue with a distinguished reception at the…
President Bola Tinubu has extended his best wishes to former Vice President Atiku Abubakar on the occasion of his 78th birthday. The president congratulates Atiku in a statement issued by Presidential Adviser on Media and Communication, Sunday Dare. The former Vice President and PDP presidential candidate in the 2023 presidential election has been an active player in Nigeria’s democratic process since the return to civilian rule in 1999. The President recalls many special moments shared with Wazirin Adamawa as founding members of the All Progressives Congress (APC), united in the mission to build a better future for Nigerians, as well…
By Tony Obiechina Abuja The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has commended the pivotal role of Nigeria’s civil service in implementing President Bola Ahmed Tinubu’s bold macro-economic reforms. Speaking at the launch of the Federal Civil Service Policies and Guidelines and the celebration of Mrs. Didi Esther Walson-Jack’s 100 days in office as Head of the Civil Service of the Federation, the Minister noted that the country’s civil service is the backbone of national development and progress. Addressing an audience at the Federal Ministry of Finance auditorium, Abuja, the Minister outlined the administration’s reform agenda,…
By Tony Obiechina Abuja The Central Bank of Nigeria (CBN) has further raised the Monetary Policy Rate (MPR) to 27.50 per cent, a decision influenced by the rising inflation in the country. Prompt News reports that the apex bank took the decision at the 295th Meeting of the Monetary Policy Committee (MPC) held in Abuja on Tuesday. At the September MPC meeting, the committee unanimously voted to raise the benchmark interest rate to 27.25 per cent considering surging inflation. The new rate indicates that the MPR was raised by a 25 basic point Speaking at the end of the meeting…
***Gives directive on Warri, Kaduna refineries President Bola Tinubu has congratulated the Nigeria National Petroleum Company Limited (NNPCL) on the successful revitalization of the Port Harcourt refinery, marked by the official commencement of petroleum product loading on November 26, 2024. Presidential Adviser on Information and Strategy, Bayo Onanuga, said the President acknowledges the pivotal role of former President Muhammadu Buhari in initiating the comprehensive rehabilitation of all the refineries. He also expresses gratitude to the African Export-Import Bank for its confidence in financing the critical project. Furthermore, President Tinubu commends the leadership of NNPC Limited’s Group Chief Executive Officer, Mr.…