Company Report

  • UPDATED: Access Holdings grows PBT by 335% to N729bn in 2023

    Access Holdings Plc has announced its audited Consolidated and Separate Financial Statements for the year ended December 31, 2023. In the year under review, the Group recorded a robust growth in its Profits Before Tax, posting a healthy N729 billion, representing 335per cent year-on-year (YoY) increase from 2022. Access Holdings’ Gross Earnings also surged by 87 per cent YoY to…

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  • BREAKING: Access Holdings declares N619.32bn profit in 2023

    Access Holdings Plc on Wednesday announced N619.32 billion profit after tax in 2023, an increase of 307 per cent from N152.2 billion profit after tax reported in 2022. The Holdings in its audited result and accounts on the Nigerian Exchange Limited (NGX) reported N729 billion profit before tax, representing an increase of 335 per cent from N167.68 billion profit before…

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  • Eko Electricity Distribution Company sacks MD

    The Managing Director of the Eko Electricity Distribution Company, {EKEDC}, Tinuade Sanda has been removed from her position. According to the letter announcing her removal and dated March 21, Sanda’s sack is sequel to a directive from the National Electricity Regulatory Commission, (NERC), mandating EKEDC to ensure that all staff working for the electricity distribution company are employed directly by…

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  • FBN Holdings announces five new directors

    FBN Holdings, Nigeria oldest bank has appointed three new directors for the HoldCo and two more for the Bank marking the beginning of billionaire investor, Femi Otedola’s, tenure as chairman of the holding company. The directors appointed by the bank all have intimidating resume’s suggesting a new direction for one of Nigeria’s largest financial institution. The holding company announced the…

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  • Dangote lauds Lagos Govt. on consumer rights advocacy

    The Group Executive Director, Commercial Operations of Dangote Industries Limited (DIL), Hajia Fatima Aliko Dangote, on Friday lauded and congratulated the Lagos State Consumer Protection Agency (LASCOPA) on the successful hosting of the 2024 World Consumer Rights Day, noting that consumers have the right to accurate, transparent, and easily understandable information about products and services. Speaking at the event, Fatima…

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  • Kyari

    Port Harcourt Refinery commences operations in two weeks, says Mele Kyari

    The Port Harcourt Refinery will start operations in the next two weeks, the Managing Director of the Nigerian National Petroleum Corporation Limited (NNPCL), Mr Mele Kyari, has said. The NNPCL boss also revealed that the Kaduna Refinery will resume operations by December 2024. Mr Kyari gave the information while appearing before the Senate Ad-hoc Committee investigating the Nigerian Refineries’ Turn…

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  • Access Holdings announces Aig-Imoukhuede as Non-Executive Chairman

    Access Holdings Plc on Wednesday announced the return of Mr. Aigboje Aig-Imoukhuede as its Non-Executive Chairman. Mr. Aig-Imoukhuede, replaced Mr. Abubakar Jimoh, the erstwhile Chairman of the HoldCo who remains on the Board as an Independent Non-Executive Director. This visionary and accomplished leader is bringing an outstanding record of accomplishments, wealth of expertise and leadership to guide the Group into…

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  • We’ve empowered 305 host community youths, says Dangote Cement

    No fewer than 305 youths from the Dangote Cement Ibese plant’s 17 host communities have so far been trained and empowered with multi-million Naira start-up packs in different vocations since the commencement of operations by the Cement Company in Ibese, the Company management has disclosed. L–R, Mines and Environmental Compliance ( MEC) Officer, Federal Ministry of Solid Minerals, Ochimana Matthew…

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  • Heirs Holdings to lead Africa’s digital evolution, launches Heirs Technologies

    Heirs Holdings, a leading African investment company dedicated to improving lives and transforming Africa through strategic long-term investments, announced the launch of its new subsidiary, Heirs Technologies Limited, with an ambition to empower Africa’s digital transformation through innovative and locally tailored solutions. Heirs Technologies endeavours to provide value added services that capitalise on top-tier expertise while guaranteeing accessibility locally. The…

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  • Largest tomato processing factory in West Africa commissioned in Kebbi

    The largest tomato processing factory in West Africa has been commissioned in Gafara, Ngaski LG of Kebbi. A Spanish multinational group, GB Foods, launched it in Nigeria. The commissioning was witnessed by the Minister of Agriculture and Food Security, Senator Abubakar Kyari and Minister of Information and National Orientation, Alhaji Muhammed Idris. Minister of Budget and National Planning, Atiku Bagudu,…

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