Author: Ifetayo Adeniyi

Access Holdings’ Shareholders Unanimously Back Capital Raising Plan, Hail Aig-Imoukhuede’s Return as Chairman Re-elect Olusegun Ogbonnewo, Ojinika Olaghere as a Non-Executive Directors The shareholders of Access Holdings Plc (“Access Holdings” or “the Group”)at the 2nd Annual General Meeting (AGM) held on Friday, April 19, 2024, unanimously backed the Group’s planto establish a capital raising programme of up to US$1.5 billion as well as the subset initiative to raise up to N365 billion, specifically,through a Rights Issue of ordinary shares to its shareholders. The proceeds of the Rights Issue would be used to support on-going working capital needs, including organic growth…

Impressive Revenue Growth as Transcorp Power Plc Records 775% PBT Jump in Q1 2024 Transcorp Power MD/CEO, Peter Ikenga, Transcorp Power Plc (Transcorp Power), one of the electricity generating subsidiaries of Nigeria’s leading, listed conglomerate, Transnational Corporation Plc (Transcorp Group), has demonstrated impressive financial performance in its released Q1 2024 unaudited financial statements, for the period ended March 31, 2024. The Company recorded N67.86 billion in gross earnings, compared to N21.04 billion reported in Q1 2023, reflecting a significant increase of 223%. The strong performance is further demonstration of the Company’s strategic focus and effective execution, as part of Transcorp…

At the Africa Peace, Investment and Tourism Summit Held in Accra, Ghana, possibilities for economic growth and development Amb Hon. Orok Orok is the middle, third from left Africa Peace, Investment and Tourism Summit was held in Accra, Ghana from 15th to 17th April 2024, The event hosted world global speakers who delivered keynote address. The annual event is a convergence of visionaries, change makers of Peace, Security and Investments from within the continent of Africa and the diaspora. The Summit featured the Vice President of Ghana, Dr. Mahamudu Bawumia, Kojo Mattah (Fmr MD, ARB Apex Bank ltd) ; Amb…

ARISE News Channel Further Expands Territories as it Features in South Africa, Angola, Botswana, Others The management of ARISE News Channel has announced that the cable news network has gone live in South Africa, Angola and Botswana, and seven other countries in Southern Africa, on Multichoice/DSTV Channel 416. The other countries are Lesotho, Malawi, Mozambique, Namibia, Swaziland, Zambia and Zimbabwe. In a statement the Chief of Staff to Chairman/Editor-in-Chief of cable new network, Fauziya Ali Mohammed, said with the new additions, ARISE News Channel is live in 54 African countries. Mohammed said the channel is already available to audiences in…

Edun: Bola Tinubu’s government has not borrowed from CBN The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, said yesterday that the Federal Government would pin down Ways and Means to deal with the problem of too much liquidity in the system. Fielding questions from journalists after a meeting with investors at the ongoing Spring Meetings of the IMF and World Bank in Washington DC, yesterday, he said that the fiscal and monetary authorities were complementing each other to bring down inflation. According to him, “We will pin down Ways and Means to alleviate the pressure…

Oredo Games 2024: Sports Commission lauds Council Chairman on Schools Five-A-Side Football Tournament The Edo State Sports Commission has praised the proposed Five-A-Side Primary and Junior Secondary School football Tournament initiatives of the Oredo Government Council for aiming at talent hunting in the state. The School football games set up to accommodate all wards in the government council is the second phase of the Oredo games2024 launched in March with boxing games heralding the first edition of the event geared towards promoting citizens’ inclusiveness by the Dr. Tom Obaseki-led administration of the Council. Stating the impact of the initiative on…

Davido and UnitedMasters collaborating to launch new label Grammy-nominated singer Davido is embarking on a new journey in his music business with an American distribution franchise, UnitedMasters. The Grammy nominee has partnered with UnitedMasters to form Nine+ Records, a label that will expand beyond Afrobeats to include hip-hop, R&B, Latin, and country genres. The billboard said on Instagram: “Davido is embarking on a new chapter in his career as a as a full-fledged executive. “The three-time Grammy nominee has signed a deal with UnitedMasters (which recently launched in Nigeria) to start a new label called Nine+ Records, which will cast…

For smooth online banking, Stanbic IBTC improved with Super App and Enterprise Online 2.0 Stanbic IBTC Bank, a leading provider of innovative financial services in Nigeria, has recently launched a new platform called Enterprise Online 2.0. This platform is the web version of the upgraded Stanbic IBTC Bank’s Super App, designed especially for business clients who prefer to use the web version. The Bank unveiled these solutions at a media event held recently at its Walter Carinting Crescent Office on Victoria Island. L-R: Remi Osuagwu, Executive Director, Business and Commercial Banking, Stanbic IBTC Bank; Omolara Osunsoko, Head, Partnerships, Stanbic IBTC…

Chess master Tunde Onakoya defeats US national chess master in GWR attempt Nigerian chess master Tunde Onakoya has beaten US national chess master, Shawn Martinez after a 5-hour match in his Guinness World Record attempt. Engaging in a 58-hour-long individual Chess Marathon, Tunde has been playing for 17 hours straight and hasn’t lost a single game yet. The marathon is happening in New York City’s famous Times Square. Tunde started playing on April 17th and plans to finish on April 19th. He is endeavoring to surpass the existing Guinness World Record set by Hallvard Haug Flatebø and Sjur Ferkingstad of…

1.2 million benefit from students loan, NELFUND says NIN, BVN compulsory requirements The Nigerian Education Loan Fund (NELFUND) has said that Nigerian students will need to present their National Identification Number (NIN) and Bank Verification Number (BVN) to access student loans. In addition to these requirements, the students are also required to provide their Unified Tertiary Matriculation Examination registration number. The Managing Director of NELFUND, Mr Akintunde Sawyerr, made this known during an interactive session with members of the Education Writers Association of Nigeria (EWAN) in Lagos. He also disclosed that the Fund is targeting about 1.2 million beneficiaries in…