Company Report
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Access Bank, collaborates with Gates Foundation, MSC to empower 50,000 female CICO agents
Access Bank Plc, the Gates Foundation, and MicroSave Consulting have entered into a partnership to empower 50,000 female Cash In and Cash Out (CICO) agents across Nigeria through a new financial inclusion initiative. The initiative, titled Scaling Female Agent Networks in Nigeria, aims to increase women’s participation in the agency banking space by providing them with training, financial support, and…
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Oando secures $375m upsizing of its Afreximbank reserve-based lending facility
Oando Plc on Wednesday announced that its upstream subsidiary, Oando Oil Limited, a 20per cent participating interest holder in the OMLs 60-63 JV and an affiliate of Oando Energy Resources Nigeria Limited, has successfully completed the upsizing of its reserve-based lending (RBL2) facility to $375 million. The company in a statement posted on the Nigerian Exchange Limited (NGX) said the…
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Mandilas celebrates 75 years in Nigeria, lists contribution to economic growth
Celebrating its 75 years of operation in Nigeria, Mandilas Group Limited said it has played a pivotal role in shaping the country’s economy, contributing to various sectors, and fostering growth. Group Chief Executive Officer, Mandilas Group Limited, Ms. Ola Debayo-Doherty, said this at the weekend at the company’s anniversary thanksgiving service titled, ‘75 Years of Excellence: Grace & Gratitude’ Tracing…
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Seplat Energy is redefining Nigeria’s energy destiny, says Roger Brown
From landmark acquisitions to digital innovation and ESG leadership, Seplat Energy is transforming Nigeria’s energy landscape and setting new standards for Africa’s indigenous operators, the Company’s Chief Executive Officer, Roger Brown, told Forbes Africa/Penresa team in an interview. Following its landmark acquisition of Mobil Producing Nigeria Unlimited (MPNU) assets, Seplat Energy is poised to redefine Nigeria’s gas future through a…
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MTN commits to aggressive infrastructure spend in 2025, says Toriola
Chief Executive Officer, MTN Nigeria Communications Plc, Dr Karl Toriola, said the telecommunication gaint is committed to an aggressive infrastructure spend in 2025, with a primary focus on significantly improving the quality of its service Speaking on Arise TV recently, Toriola emphasised that addressing service quality is the company’s paramount message for the year. “This is the most important message…
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United Capital Asset Management launches children investment fund
United Capital Asset Management (UCAML) has announced the official launch of its latest mutual fund – The Children Investment Fund (CIF) at an event held in Lagos. The Children Investment Fund is a naira-denominated, open-ended mutual fund designed to provide Nigerian families with access to long-term investment opportunities tailored to key milestones in a child’s life such as education, healthcare,…
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Shareholders express confidence in stable future in Wema Bank amid 2024 financial performance
Reinforcing its position as one of Nigeria’s most profitable financial institutions, Wema Bank Plc., has received a unanimous vote of confidence from its shareholders across Nigeria as it disclosed a record-breaking financial performance at its 2024 Annual General Meeting (AGM). The Wema Bank 2024 AGM held virtually in Lagos recently. Among the shareholders who expressed a vote of confidence in…
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Dangote beats MTN, others to emerge as ‘most admired African brand’
It was another historic milestone for pan-African investor Aliko Dangote and the Dangote Industries Limited over the weekend, as they garnered three prestigious accolades at the 15th annual Brand Africa 100 awards, held at the iconic Africa Hall in Addis Ababa, Ethiopia—the birthplace of the Organisation of African Unity (OAU), now the African Union (AU). Dangote Industries Limited was named…
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Tinubu’s reforms drive Customs revenue to record ₦1.3trn in Q1 2025
By Kunle Sanni Nigeria’s Customs revenue surged to a record ₦1.3 trillion in the first quarter of 2025—more than double the ₦600 billion collected during the same period in 2023—driven by reforms under President Bola Tinubu’s administration. The Comptroller-General of the Nigeria Customs Service (NCS), Bashir Adeniyi, announced the figures during a press briefing featured in an upcoming State House…
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Fidelity Bank’s N10.5trn assets base reinforces stakeholders’ confidence
-Insiders bid for more equity stakes Fidelity Bank Plc added N1.63 trillion to its assets base within three months to strengthen its position as one of the seven largest banks in Nigeria, in terms of assets base. Regulatory filings approved by the Central Bank of Nigeria (CBN), Securities and Exchange Commission (SEC) and the Nigerian Exchange (NGX) showed Fidelity Bank…
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