Category: News

Access Bank moves to acquire Kenyan Bank for N15bn

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One of Nigeria’s biggest financial institutions, Access Bank Plc has entered into an agreement to acquire the entire 83.4 per cent equity stake held by Centum Investment Plc, a Kenyan-based investment company, in Sidian Bank Ltd, for the sum of about N15 billion ($37 million). Access Bank disclosed the acquisition in a statement sent to the Nigerian Exchange Limited, NGX on Wednesday noting that the transaction is subject to regulatory approvals in Kenya and Nigeria. Access Bank said the purchase consideration includes the price to “book multiple of 1.1 times”…

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Presidency to Tinubu: No one individual responsible for Buhari’s emergence

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In a veiled statement yesterday referring to a former Lagos State governor and presidential candidate of the APC, Asiwaju Bola Ahmed Tinubu, and signed by Senior Special Assistant on Media and Publicity, Garba Shehu, the Presidency said many people, not one single individual, could lay claim to the emergence of Muhammadu Buhari as president. Recall that Tinubu recently declared that nobody in the party could match all the sacrifices he had made for continued existence of APC – from the days of the defunct Action Congress (AC) and Action Congress…

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Femi Kuti receives golden saxophone as 60th birthday gift

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In preparation for his 60th birthday celebration at the New Afrika Shrine, in Ikeja, Lagos, Afrobeat musician, Femi Kuti, and his son, Made, performed together on Sunday, June 5, 2022. A highlight was when Femi’s sister, Yeni, on behalf of the Kuti family, presented the singer with a birthday cake and a golden Selmer saxophone, which is said to be one of the most expensive saxophones in the world, as a birthday gift. The singer will turn 60 on June 16, 2022. Yeni also pleaded with her brother to ‘retire’…

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Baby accidentally shoots father dead in US

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Local authorities in Florida on Monday said a two-year-old boy accidentally shot and killed his father in Florida after his parents left a loaded gun unattended. When police officers, alerted by a 911 call, arrived at the victim’s home near Orlando on May 26, they found the child’s mother Marie Ayala providing CPR to her husband, Reggie Mabry. Law enforcement initially believed the 26-year-old, who died shortly afterward in hospital, had shot himself, but the eldest of the couple’s three children later told investigators that the trigger was pulled by…

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Fidelity Bank wins Award for Best SME Bank in Nigeria

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Fidelity Bank Plc, one of the Nigeria’s foremost financial institutions, has added yet another accolade to its burgeoning collection of awards. This time, the Bank has been recognized as the ‘Best SME Bank in Nigeria’ by the Global Finance Banking & Finance Awards 2022. According to the organizers, Global Banking and Finance review, the bank was presented the award after a comprehensive review and assessment of its intervention and provision of long-term financing support for small businesses across Nigeria. Dedicating the award to customers and staff of the bank, Managing…

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Shetimma apologises over derogatory statement against VP, Senate president

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Kashim Shettima, former Governor of Borno State, on Sunday morning apologised to Vice President Yemi Osinbajo and Senate President, Ahmad Lawan, saying he did not mean to denigrate them. Shettima’s apology comes barely 48 hours after his interview on a television programme on Friday. The former governor, who is a strong ally of the National Leader of the All Progressives Congress, Asiwaju Bola Tinubu, had described Osinbajo as a decent man who should be selling popcorn and ice cream. He said, “Osinbajo is a good man; he’s a nice man.…

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Scores killed as gunmen disguised as worshippers massacre people in Ondo church

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Terrorists disguising as worshippers rained terror on worshippers at Saint Francis Catholic Church, Owa-luwa Street, Owo, the headquarters of the Owo Local Government Area of Ondo State on Sunday. The attack on the church in Owo,  the hometown of the state Governor, Rotimi Akeredolu, came barely a week after the Prelate of the Methodist Church of Nigeria, Bishop Samuel Kanu-Uche, was kidnapped in Abia State by gunmen the priest later identified as Fulani youths. It was learnt that the gunmen, who attacked the Catholic church, arrived at the premises, which…

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Akeredolu to APC: Rotate power to South to retain Presidency

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Oluwarotimi Akeredolu, SAN, Ondo State Governor, has warned the All Progressives Congress against giving its presidential ticket to a northern candidate. In a post on Facebook on Thursday, Akeredolu, who is the Chairman of the Southern Nigeria Governors’ Forum, charged the party to work hard to retain power by rotating the Presidency to the South. “APC must work to retain power. We must rotate power to retain power !!! Rotate to the South. …Shikena (That’s all),” he said. Apart from Vice President Yemi Osinbajo and former Lagos State Governor, Bola…

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Squad: The next generation payment solution for African merchants

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When it comes to internet penetration and adoption of mobile payments, most African countries are still very much below the global average. Even where the internet penetration is improving, the mobile payments adoption rate is still low, meaning an overall lag. For instance, in Kenya where mobile payment adoption is most on the continent, only about 23.1% of the internet users actually use mobile payment methods. So, even though the internet infrastructure allows business owners access a wide market, mostly outside their location, sending and receiving payments with ease still…

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Tinubu: “I Made Buhari President, Osinbajo VP”

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Former governor of Lagos State, and one of the leading presidential aspirants of the All Progressives Congress (APC), Asiwaju Bola Tinubu on Thursday, during a political tour to woo delegates in Ogun State, talked about the emergence of President Muhammadu Buhari, and Vice President Yemi Osinbajo in 2015. Tinubu also spoke on how he made the Ogun State Governor, Dapo Abiodun became governor in 2019. He said, “Buhari would not have been president. It is over 25 years that I have been serving them. This one sitting by me, Dapo…

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