Access Bank Set To Acquire 51% Majority Stake In Angola-Based Finibanco S.A

As part of its continuous expansion strategy, Access Holdings Plc. has announced that its wholly owned subsidiary, Access Bank Plc., has entered into a binding agreement with Montepio Holding SGPS S.A to acquire a 51% majority shareholding in Finibanco Angola S.A. Finibanco Angola S.A. is a profitable, well-capitalised full-service commercial bank with over 20 branches and around US$300 million in total assets that has operated in Angola since 2008. The Transaction will be affected via the purchase of existing shares owned by Montepio, the holding company for Banco Montepio, one…

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Exciting Discounts For Flyers As Arik Air Celebrates Affinity Wings 8th Anniversary

Nigeria’s leading airline, Arik Air is has announced that it is celebrating the 8th anniversary of its frequent flyer programme, which the airline christened ‘Arik Affinity Wings’ with exciting discounts offered to loyal customers. According to a statement by Mr Adebanji Ola the PR and Communications Manager of Arik, registered and intending members of the programme have the opportunity to travel more, and pay less by taking advantage of the anniversary promotion. Existing members can enjoy a 20% discount on any flight booked between October 1 and October 31, 2022,…

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2021 Financials: NNPC’s Profit After Tax Hits N674billion

The Nigerian National Petroleum Company Limited (NNPCL), led by Mr Mele Kyari as Group Chief Executive Officer has declared a profit after tax of N674 billion for the 2021 financial year. The development represents a growth of 134.8 per cent compared to N287 billion, which the company declared in 2020. Its total assets also grew from N15.86 trillion in 2020 to N16.27 trillion in 2022 while total liabilities fell by 8.3 percent to N13.46 in 2021 from N14.68 trillion in 2020. Besides, the shareholders fund grew to N2.81 trillion representing…

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NNPC CEO Mele Kyari Advocates Capital Punish For Nigeria’s Oil Thieves

NNPCL) Chief Executive Officer, Mr Mele Kyari The Nigerian National Petroleum Company Limited (NNPCL), Chief Executive Officer, Mr Mele Kyari is throwing his weight behind the recent Senate recommendation that Nigeria enforces capital punishment for oil theft offenders in the country. Kyari spoke on Tuesday when he appeared before the Senate’s joint committees on Petroleum (Downstream), Petroleum (Upstream) and Gas, where he also said oil theft has assumed unprecedented dimension in recent time, and therefore needs some drastic decisions to deal with culprits. He said the country is on the…

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NDLEA Unravels Over $13million Tramadol Pills Hidden In Lekki Mansion In Lagos

By Andrew Onyejuruuwa Following bursting the biggest singular cocaine seizure at Ikorodu area of Lagos State, the National Drug Law Enforcement Agency (NDLEA) announced the discovery of another huge Tramadol stored in another location in Lekki also in Lagos. NDLEA spokesman, Mr Femi Babafemi said the pills recovered from the mansion were more than 13.45 million and worth N8.8 billion in street value. The Ikorodu haul of 1.8 tons (1,855 kilograms) of the illicit drug were hidden allegedly for sale in Europe, Asia, and other parts of the world. The…

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