Business

ACCESS BANK ROCKED over Court Orders of N29B Attachment at CBN as Judgment Debt, Triggering Anxiety Among Shareholders

Written by 22 November, 2025
Access Bank has been thrust into a storm of panic and speculation as a Federal High Court sitting in Lagos ordered the attachment of ₦29 billion from the bank’s funds domiciled with the Central Bank of Nigeria. The development stemming from a judgment of the Court of Appeal in CA/LAG/CV/1215/2023: Igala Construction Co. Ltd & 2 Ors v. Access Bank Plc has ignited fear among shareholders and sent shockwaves rippling across the financial sector.

PH AirportCity Positioned to Reshape High-End Housing and Spur Statewide Economic Growth

Written by Kunle Awosika 19 November, 2025
A bold new urban vision is taking shape on the outskirts of Port Harcourt as the Rivers State Government and Masta Services Company Limited jointly unveiled PH AirportCity, a self-sustaining mini city designed to attract top executives, investors, and long-time residents back to the Garden City.

Transcorp Power Posts N91.2bn Profit Before Tax in Impressive Q3 2025 Results

Written by Tomiwa Aboyade 14 October, 2025
Transcorp Power Plc, one of the power subsidiaries of Nigeria’s leading listed conglomerate, Transnational Corporation Plc has announced its unaudited Q3 financial results for the period ended 30 September 2025.

Our Refinery Ended 50 Years of Fuel Queues in Nigeria – Dangote Refinery

Written by Kunle Awosika 15 September, 2025
President/Chief Executive, Dangote Petroleum Refinery, Aliko Dangote, has declared that since the refinery began producing petrol a year ago, Nigeria’s five-decade-long struggle with fuel queues has finally come to an end. Speaking at a conference to mark the first anniversary of the launch of petrol from the 650,000 barrels-per-day refinery, Dangote highlighted that Nigerians have endured persistent fuel queues since 1975. However, this issue has been steadily resolved since the refinery commenced production on 3rd September 2024. “We have been battling fuel queues since 1975, but today Nigerians are witnessing a new era,” he said. Acknowledging the numerous challenges the refinery has faced since its inception, Dangote emphasised the company’s unwavering commitment to Nigeria and Africa. “The journey has been challenging because we sought to transform the downstream sector in Nigeria. Some believed we were taking food from their tables, which simply isn’t true. What we have done is to…

Dangote Refinery Responds to NUPENG Allegations, Reaffirms Commitment to Labour Rights, Economic Development

Written by Kunle Awosika 12 September, 2025
Dangote Petroleum Refinery has dismissed recent allegations made by the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), insisting that claims of anti-labour practices, monopolistic behaviour, and planned fuel price hikes are "entirely unfounded".

Union Bank of Nigeria Completes Merger with Titan Trust Bank

Written by Kunle Awosika 01 September, 2025
Union Bank of Nigeria, one of the nation’s longest-standing financial institutions, today announced the successful completion of its merger with Titan Trust Bank Limited, following final approval from the Central Bank of Nigeria (CBN).

FirstBank Agric and Export Conference: Charting a New Course for Non-Oil Exports

Written by Kunle Awosika 14 August, 2025
FirstBank, the premier West African financial institution and financial inclusion service provider is proud to announce the 2025 edition of the FirstBank Agric and Export Conference themed “The Fundamentals of Building a Non-Oil Export Driven Economy“, which will take place on Tuesday, August 19, 2025, at the Eko Convention Centre. Building on the momentum of previous successful editions, this year’s Expo reaffirms the Bank's commitment to supporting Nigeria’s agricultural and non-oil export sectors as key drivers of economic development.
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