Tag Archives: business

Transcorp Delivers Across Portfolio: Increases Electricity Generating Capacity, Launches Transformative Hospitality Products, More!

Mr Tony O. Elumelu, CON, Chairman of Transcorp Shareholders salute strong Q1 2021 performance boost of profit by 2,427% Transcorp stock held by over 300,000 shareholders demonstrates leadership, resilience and commitment to Nigerian economy Shareholders of Nigeria’s leading diversified conglomerate, Transnational Corporation of Nigeria Plc (“Transcorp”), showed their strong confidence in the Board and management,…

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Access Bank Challenges Women to Take the Center Stage in IWD Fireside Chat

Dr Dere Awosika – Chairman, Access Bank Plc Given the challenges women face in the workplace and their attempt to break away from societal stereotypes, Africa’s largest retail bank, Access Bank Plc., held a virtual fireside chat recently. The chat analyzed the issues women face and proffered solutions to help them own their voices, fight…

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Final Call: Applications to The Tony Elumelu Foundation Entrepreneurship Programme Closes March 31

The Tony Elumelu Foundation (TEF), Africa’s leading philanthropy dedicated to empowering African entrepreneurs, will close applications for the Tony Elumelu Entrepreneurship Programme on its TEFConnect digital platform (www.tefconnect.com) on March 31. This year’s intervention prioritises the economic recovery of small and medium scale enterprises (SMEs) and young African entrepreneurs, following the Covid-19 disruption to economic…

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Aiteo Seeks $4 Billion for 16 Million Barrels of Crude Allegedly Diverted by Oil Giant Shell

Aiteo Eastern E&P has brought a lawsuit brought against oil giant Royal Dutch Shell’s Nigerian Subsidiary for allegedly diverting 16 million barrels of crude from the indigenous oil company. According to a ThisDay report, there are strong indications that last Tuesday’s injunction of a Federal High Court, Lagos, barring Royal Dutch Shell’s Nigerian subsidiary from withdrawing…

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Access Bank Repositions Digital Payment to Reap African Continental Free Trade Agreement Gains

Herbert Wigwe-Group Managing Director Access Bank Access Banks planned expansion to eight African countries will come with huge gains from the 1.3 billion people targeted in the African Continental Free Trade Agreement (AfCFTA) deal. The banks strong digital banking platforms will play well in enabling electronic payments across countries of operation and beyond. The lender…

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Tony Elumelu’s Heirs Holdings Expands Oil & Gas Portfolio, Acquires 45% of OML 17

Chairman of Heirs Holdings, Tony Elumelu  Heirs Holdings (“HH”), the leading African strategic investor, in partnership with affiliated company Transnational Corporation of Nigeria Plc (“Transcorp”), Nigeria’s largest publicly listed conglomerate, announced today the unconditional acquisition of a 45% participating interest in Nigerian oil licence OML 17 and related assets, through TNOG Oil and Gas Limited (a related company of Heirs…

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