Wema Bank is in top gear to prepare for its 80th-anniversary celebration set for Friday, May 2nd, 2025. Accordingly, the Bank has unveiled a new corporate identity reflecting its milestone celebration of 80 years. Established on May 2, 1945, the Bank originally operated as a private limited liability company under the name Agbonmagbe Bank Limited….
The Board, Management, and staff of Access Holdings Plc have warmly welcomed Mr. Uche Orji to its Board as an Independent Non-Executive Director of its flagship subsidiary, Access Bank Plc. ” I warmly welcome Mr. Orji to the Board and look forward to his contributions towards our goal of becoming one of the top 5…
Justice Dehinde Dipeolu of the Federal High Court in Lagos has overturned a Mareva injunction that had frozen the assets of General Hydrocarbons Ltd (GHL) and its directors. The court upheld arguments presented by GHL’s counsel, Abiodun Layonu, SAN, asserting that the injunction was in violation of an existing order issued by a court of…
▪︎UGC image credit: Arise News TV SHAREHOLDERS, Customers, investors, and other stakeholders of First Bank of Nigeria (FBN) and that of General Hydrocarbons Ltd, are waiting for the outcome of a $225.8m loan disputes between the two companies. General Hydrocarbons Limited and First Bank of Nigeria Limited are currently at the Federal High Court in…
The Central Bank of Nigeria says that its newly redesigned website (www.cbn.gov.ng) will become operational on Monday, December 2, 2024. Hakama Sidi Ali (Mrs), Acting Director of Corporate Communications, said: “The Bank has developed a contemporary Web API that operates on Microsoft .NET Core 8 (the most recent and stable release) to enhance user experience…
Access Bank Plc has completed the acquisitions of Standard Chartered Bank Angola S.A and Standard Chartered Bank (Sierra Leone) Limited, respectively. The bank is also working on the completion of transactions that would see Access Bank acquire Standard Chartered Bank’s subsidiaries in Cameroon, The Gambia and its Consumer, Private and Business Banking business in Tanzania….
The Manufacturers Association of Nigeria (MAN) has enjoined the Central Bank of Nigeria to focus on promoting domestic production and economic recovery by allowing time for previous rate increases to take effect before implementing further hikes. MAN made the call in reaction to the September increase in the Monetary Policy Rate (MPR) by 50 basis…
▪︎UGC image of Rotimi Akinde, and Ifeoma Uz’Okpala President Bola Tinubu has appointed Rotimi Akinde and Ifeoma Uz’Okpala as executive directors of the Bank of Industry (BOI). In a statement on Wednesday by Theodora Amechi, head of public relations division at BOI, the appointment took effect on August 26. BOI said Akinde will serve as…
(Industrial Times, Nigeria) Today, the Manufacturers Association of Nigeria (MAN) says that banks lending rates to the manufacturing industry are too high to promote productivity in the sector. Data obtained from the Association, shows that the maximum lending rates by the commercial banks range from 30 – 35 percent. Top Five Banks Lending RatesAccess Bank…
▪︎Mr. Haytham ElMaayergi, Afreximbank’s Executive Vice President, Global Trade Bank African Export-Import Bank (Afreximbank) plans to double its financing of intra-African trade from US$20 billion in 2021 to US$40 billion by 2026.Mr. Haytham ElMaayergi, Afreximbank’s Executive Vice President, Global Trade Bank, disclosed this in Abuja at the African Caucus Meeting of the World Bank Group…
