Access Holdings Plc, trading as Access Corporation, has announced its planned acquisition of majority equity stake in Angolan-based Finibanco S.A by Access Bank Plc. Mr Sunday Ekwochi, the Company’s Secretary, said in a statement on Tuesday that the transaction would be effected via the purchase of existing shares owned by Montepio-the Holding Company for Banco Montepio, one of Portugal’s commercial banks. “Access Holdings Plc, trading as Access Corporation (‘the Corporation’) today announces that its wholly owned subsidiary, Access Bank Plc (the Bank) has entered into a binding agreement with Montepio Holding SGPS S.A (‘Montepio’) to acquire a 51 per cent…
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The Presidential Candidate of the Labour Party, Mr Peter Obi, has explained that teachers form a critical and indispensable part of educational development in the nation, saying that they deserve commendation and encouragement for their role in driving national development and progress. Obi, who made this remark in his Message to mark World Teachers Day 2022, applauded all teachers in Nigeria for their sacrifice to ensuring that Nigerian students, at all levels of learning, receive good educational and moral formation. He said that by their critical role in moving the educational sector forward, they were helping to drive national growth…
Justice C.A.Balogun of the Lagos State High Court sitting in Ikeja, Lagos, on Tuesday, October 4, 2022, adjourned till November 1, 2022, the case involving Abubakar Ali Peters and his company, Nadabo Energy Limited, over an alleged N1.4 billion fraud. The EFCC is prosecuting Abubakar and his company, on 27-count charges, for allegedly using forged documents to obtain the sum of N1,464,961,978.24 from the Federal Government as oil subsidy, after allegedly inflating the quantity of Premium Motor Spirit, PMS, purportedly imported and supplied by the company. One of the counts reads: “Nadabo Energy Limited and Abubakar Ali Peters, on or…
Timothy allegedly opened an Instagram account with the name “Zazoo Omolalomi Portable” where he claimed to be the singer.
President Muhammadu Buhari on Tuesday in Abuja met behind closed door with the leadership of the House of Representatives over the ongoing strike by the Academic staff union of universities (ASUU). The News Agency of Nigeria (NAN) reports that the Speaker of the House of Representatives, Femi Gbajabiamila, led officials of the Lower Chamber into the meeting. Speaking to State House correspondents at the end of the meeting, Gbajabiamila described the engagement with the president as very fruitful. He disclosed that the president had pledged to look into the House’s recommendations aimed at resolving the ongoing strike embarked upon by…
The Federal Government has registered two new academic unions in the public university system, to exist alongside the striking Academic Staff Union of Universities (ASUU). The Minister of Labour and Employment, Sen. Chris Ngige, presented the certificates to the unions on Tuesday in Abuja. The new unions are the Congress of Nigeria University Academics (CONUA) and the National Association of Medical and Dental Academics (NAMDA). The News Agency of Nigeria (NAN) reports that the Academic Staff Union of Universities (ASUU) has been on strike since Feb. 14, over the non-implementation of its demand entered with the Federal Government. According to…
Hosts Nigeria defeated Sierra Leone by 11 runs to top Group B on Tuesday at the ongoing International Cricket Council (ICC) Under-19 World Cup Africa Division Two Qualifiers in Abuja. Nigeria won the toss and elected to bat in a match where the winners will emerge group leaders after two wins in two matches earlier by both sides. The News Agency of Nigeria (NAN) reports that usual suspects Paul Pam and Selim Saliu opened the batting order for Nigeria. They put up an excellent partnership to score a 100 for the team, before Pam was sent to the stands in…
Presidential candidate of the Peoples Democratic Party and former Vice President of Nigeria, Atiku Abubakar has commended the United Nations for its interest and sustained commitment to the growth of democratic processes in Nigeria. Atiku made the remarks when he received a delegation of the United Nations Office for West Africa and the Sahel, led by Ambassador Mahamat Saleh, the Under Secretary-General of the United Nations Special Representative of the Secretary General, in Abuja on Tuesday. In addition to the United Nations envoys, the former Vice President also hosted diplomats from the South African Development Community led by Ambassador Pule…
By Tony Obiechina, Abuja President Muhammadu Buhari on Tuesday flagged-off the 17th edition of the Abuja International Trade fair organized by the Abuja Chambers of Commerce and Industry (ACCI), restating government’s commitment to Medium and Small Enterprises (MSMES). The event which had as its theme, “Creating an import ready market through SME digitization,” attracted investors, businesses and customers from across the country and also other parts of the world. Describing the theme of the Fair as apt, the President said it as in line with one of the nine priority areas of this administration. The President who was represented by…
The Ilorin Zonal Command of the Economic and Financial Crimes Commission (EFCC) said it arrested one Toluwani Famotemi, a Disc Jockey (DJ) for allegedly impersonating a hip-hop singer, Habeeb Okikiola, popularly known as ‘Portable’. According to a statement by the Head, Media and Publicity of the commission, Wilson Uwujaren on Tuesday in Ilorin, Famotemi was arrested on Sept. 29. The suspect, a native of Igede-Ekiti in Ifelodun Local Government Area of Ekiti State, allegedly opened an Instagram account with the name ‘Zazu Omolalomi Portable,’ where he claimed to be the singer. “Investigations showed that the suspect met one of his…