Business

Access Holdings Finalizes Acquisition of Standard Chartered’s Assets in Angola, Sierra Leone

Published

4 months ago

November 28, 2024

Admin

By Adenike Lawal

Access Holdings has completed the acquisition of Standard Chartered Bank’s operations in Angola, marking a pivotal step in its strategic expansion across Africa.

The acquisition, facilitated by Access Bank’s commercial banking division, was first announced four months ago and has now been finalized.

Beyond Angola, Access Holdings is set to finalize deals involving Standard Chartered’s subsidiaries in Sierra Leone, Gambia, and Cameroon, alongside its consumer and private banking operations in Tanzania.

These acquisitions are poised to bolster Access Bank’s earnings by expanding its corporate and SME banking footprint in these key markets, according to CEO Roosevelt Ogbonna.

“This move is in line with our ambition to become the ‘World’s Most Respected African Bank,’” Ogbonna stated.

He highlighted the strategic importance of Angola, the largest oil producer in the region, noting that the acquisition positions Access Holdings for stronger market dominance in high-growth sectors.

Standard Chartered’s divestiture aligns with its global strategy to streamline operations and focus on wealth management.

The bank is also considering selling its wealth and retail banking divisions in Zambia, Botswana, and Uganda, with plans to reinvest in other business areas.

In a related development, Access Bank has announced plans to issue its first dollar bond in two tranches next year, further strengthening its financial standing for future expansions.

Business

BBNaija Star Nengi Speaks on Motherhood

Published

7 days ago

March 18, 2025

Samson Adeyanju

By Jesusemen Oratokhai

Former Big Brother Naija housemate Nengi Hampson has shared her first public message since welcoming her daughter, Moon.

In a heartfelt post on March 16, 2025, Nengi revealed that she gave birth on February 21, describing motherhood as the most fulfilling experience of her life.

“I was made to be a mum… nothing has ever felt more right,” she wrote, embracing her new journey with joy.

Business

FIRS Pledges Stronger Tax Policy for West Africa

Published

7 days ago

March 18, 2025

Samson Adeyanju

By Adenike Lawal

The Federal Inland Revenue Service has reaffirmed its commitment to strengthening tax policy development across West Africa.

Speaking at the West Africa Tax Administration Forum in Abuja, Executive Chairman Dr. Zacch Adedeji stressed the need for better domestic resource mobilization to drive economic growth in the region.

He highlighted the role of effective communication in tax administration, emphasizing that clear messaging is key to building public trust and ensuring compliance.

Dr. Adedeji urged tax professionals to exchange ideas, adopt best practices, and collaborate on improving regional tax systems.

He noted that Nigeria has played a leading role in advancing tax cooperation across West Africa and will continue to support capacity-building initiatives.

Business

CTV Nigeria Debuts on GOtv

Published

2 weeks ago

March 13, 2025

Samson Adeyanju

By Emmanuel Ogbodo

Catholic Television, Nigeria (CTV), has officially launched on the GOtv platform, expanding its reach to millions of viewers across the country.

According to a communication from MultiChoice, the channel went live today, March 13, 2025, at 10 a.m. (WAT) on GOtv channel 115.

It is available on all GOtv packages, from GOtv Lite to GOtv Supa Plus.

This milestone marks a significant step in bringing faith-based content to a wider audience, providing Catholic programming, religious teachings, and wholesome entertainment to subscribers.

With this launch, Catholic TV Nigeria strengthens its presence in the digital space, offering spiritual nourishment to viewers seeking faith-inspired content.