Wigwe grosses shares in Access Holdings to N29.34bn
Group Managing Director and Chief Executive Officer of Access Holdings, Herbert Wigwe, has increased his stake in the financial institution to 8.13 percent. This followed last week Thursday’s acquisition of 1.13 billion shares valued at N11.35 billion in the lender….
How ethnicity killed Udenwa’s $600m Oguta Blue Seaport scheme—IMAN
Disturbing revelation has emerged on why the strategic $600m Oguta Lake Blue Seaport scheme planned by the former Achike Udenwa administration in Imo State did not see the light of the day. National President of the Importers Association of Nigerian…
CBN’s naira redesign policy worsened the informal sector—UN Report
Fresh revelations have emerged from the recent currency abracadabra carelessly stage-managed by the Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele in the name of currency redesign policy which did not only fail, but pushed the ailing economy further…
Strong growth across funded, non-funded income lines raised AccessCorp’s EPS
Access Holdings Plc (ACCESSCORP) released its Q1-23 unaudited financials after trading hours on last Thursday, April 20, 2023, revealing a double-digit EPS growth (+26.4% y/y to NGN2.06 I Q1-22: NGN1.63). The rise in the Holdco’s earnings was supported by the…
Just in: NGX, ETI plan synergy on sustainability, market growth
The Nigerian Exchange Limited (NGX) and Ecobank Transnational Incorporated (ETI) have expressed mutual interest in partnering on sustainability initiatives and overall market development. This was stated at the Closing Gong Ceremony introducing the new Group Chief Executive Officer (GCEO) of…
FDI was at its lowest during Buhari’s 8 years administration
Esosa Aihie Data on foreign direct investment (FDI) for Nigeria, shows a bleak and downward spiral. The bleakness of this FDI data needs to be addressed to turn Nigeria’s economic and investment fortune around. Aihie averred that “If we fail…
CBN silent as banks’ customers suffer more failed transactions
One major revelation of the recent failed Central Bank of Nigeria’s (CBN) Naira redesign policy has been the unprecedented volume of failed transactions complaints from customers due to network hiccups. Investigations showed that majority of the banks were never ready…
Access Holdings Plc grosses earnings to N1.39tn in 2022 financial year
Findings from its Consolidated and Separate Financial Statement for the year ended Dec. 31, 2022 released on Thursday last week in Lagos, Business Hilights can authoritatively aver that Nigeria’s financial powerhouse, Access Holdings Plc pumped up its gross earnings to…
Nigerians ask how Fidelity Food Bank services can be accessed
Following the well-publicized launch by Fidelity Bank Plc of its new CSR initiatives to reduce poverty and alleviate hunger in the society, known as Fidelity Food Bank at a Catholic Church in Lagos, many Nigerians especially Muslims who recently celebrated…
Access Bank leads other banks to jerk up interest on savings account
As part of efforts to return back the lost spirit of savings after the shocks of Emefiele’s failed naira redesign policy, Nigerian banks have announced a new interest rate on savings accounts. In an email to its customers, Access Bank…
