Heirs Technologies taps Obong Idiong as new CEO

Business a.m Heirs Technologies has appointed Obong Idiong as its new chief executive officer, a move that highlights the company’s commitment to digital transformation.  The leading digital transformation company, in a statement made available to Business a.m, assured that with Obong at the helm, Heirs Technologies, it will continue to deliver its vision of empowering […]

Aig-Imoukhuede returns to chair Access Holdings after 10 years

Calculated ambition, audacity, vision and purpose in the pursuit of excellence

Business a.m Aigboje Aig-Imoukhuede, who, along with late Herbert Wigwe, the immediate past group chief executive officer of Access Holdings Plc, was the brain behind the acquisition and transformation of Access Bank Plc in 2002 and led it as group managing director and chief executive officer before retiring in 2013, is making a strategic return […]

Ecobank lands $250 Million bridge-to-bond loan from Afreximbank and AFC

Joy Agwunobi Ecobank Transnational Incorporated (ETI), one of Africa’s leading banking groups, has secured a $250 million loan from the African Export-Import Bank (Afreximbank) and Africa Finance Corporation (AFC), to support the trade finance and general corporate activities of the group.  The loan, which is an unsecured bridge- to- bond will provide liquidity and flexibility […]

UBA partners AGF in $100m project to grow SMEs in Africa

Cynthia Ezekwe In a move that promises to have a major impact on the African business landscape, the African Guarantee Fund (AGF) and United Bank for Africa (UBA) have joined forces to provide up to $100 million in loans to small and medium-sized enterprises (SMEs) and business owners across 20 African countries.  The support provided […]

UK-Angola Chamber of Commerce welcomes Thomas Gerrard-Reis as chairman

Business a.m The UK-Angola Chamber of Commerce has appointed Thomas Gerrard-Reis as its Chairman for the 2024-2026 term.  Gerrard-Reis brings a wealth of experience and expertise to the role, with a long history of promoting bilateral trade and investment between the UK and Angola. He was officially introduced to the Chamber’s members at a recent […]

Vitafoam delights shareholders with impressive financial outcome

Vitafoam appoints Sada non-executive director 

*Shareholders approve N1.95bn dividend Business a.m Vitafoam Nigeria Plc shareholders have approved a dividend payout of N1.95 billion, with each share worth 50 kobo set to receive a dividend of N1.56, following a positive rate of returns for the financial year ended September 2023. The resolution was passed at the company’s 62nd Annual General Meeting […]

NGX Group names Olufemi Shobanjo as new CEO of subsidiary, NGX RegCo

Access, Zenith, GTCO, DangCem, MTN lead stock futures in new ETDs market

Business a.m The NGX Group Plc board of directors has announced the appointment of Olufemi Shobanjo as the new Chief Executive Officer (CEO) of NGX Regulation Limited (NGX RegCo), a subsidiary of Nigerian Exchange Group Plc.  The development was contained in a notice to the Nigerian Exchange Limited and the investment community, signed by Izuchukwu […]

FONISO debuts revolutionary App for sports community

Onome Amuge FONISO, a newly launched sports interactive platform, is set to revolutionise the way sports enthusiasts, fans, and stakeholders worldwide interact and share feedback with each other, providing a one-stop destination for sports enthusiasts to discuss, debate, and engage with each other on all things sports-related. The emergence of FONISON is a testament to […]

Sterling Bank,EAS unveil joint initiative to boost SME exports

Sterling Bank launches MBN platform to promote Made-in-Nigeria products

Joy Agwunobi Sterling Bank, one of Nigeria’s largest commercial banks, and Export and Sell Nigeria (EAS), an international trade consultancy firm, have announced a strategic partnership to co-host the first-ever ‘Export to Wealth’ conference. This conference is designed to educate and empower businesses and entrepreneurs in Nigeria looking to take their products and services to […]

Bank of Ghana suspends forex licences of GTB and First Bank

The Bank of Ghana (BOG) has suspended the foreign exchange trading licenses of two major banks – Guaranty Trust Bank Ghana Limited (GTB) and FBNBank Ghana Limited (FBN).  The Bank of Ghana’s one-month suspension of the foreign exchange trading licenses of GTB and FBN will be in effect from March 18, 2024, in accordance with […]