Author: Rommy Imah

Shareholders Approve Access Holdings Capital Raising Programme Access Holdings final dividend stood at N1.80 kobo per every N0.50 kobo ordinary share for the 2023 financial year Access Holdings Plc has disclosed that plans are ongoing to implement a user-friendly digital platform to facilitate seamless participation in the rights issue. It said the proceeds of the Rights Issue would be used to support ongoing working capital needs, including organic growth funding for its banking and other non-banking subsidiaries. The disclosure is coming on the heels of the shareholders of Access Holdings Plc approving the Group’s plan to establish a capital raising…

First Bank of Nigeria Limited has announced the appointment of Mr. Olusegun Alebiosu as its Acting Chief Executive Officer, effective April 2024. The announcement was made official through a notification to the Nigerian Exchange Limited and the investing public, adhering to the Issuers’ Rules of The Exchange. Alebiosu’s appointment follows the sudden resignation of Dr. Adesola Adeduntan, who has served as the Managing Director/CEO of First Bank. The First Bank acting CEO is stepping into this pivotal role from his previous position as the Executive Director, Chief Risk Officer, and Executive Compliance Officer, a position he held at First Bank…

–5 lucky winners in the PalmPay Eid Bonanza have been emerging daily simply by performing tasks on the app -Lucky winners in the PalmPay Eid Bonanza have either been transferring funds, airtime and data purchases, bill payments, and savings in the App PalmPay has announced the first set of winners in its ongoing Eid campaign tagged PalmPay Eid Bonanza, which kicked off on April 10th and will run until April 30th, 2024. Digital TimesNG can report that since the start of the bonanza on April 10th, 5 lucky winners have been emerging daily simply by performing tasks on the App…

Leading Fintech Startup, Hydrogen Payment Services Limited (‘Hydrogen’), has teamed up with Co-creation Hub (‘CcHub’) to host an insightful event themed, ‘Adapting Fintech Business Models to Economic Climes’. This comes as the need for adaptive strategies in the fintech industry becomes paramount in the face of the country’s economic challenges. The event, set to take place on Thursday, April 18, 2024, from noon WAT at the CcHub office in Sabo, Lagos, will delve deep into the intricacies of Nigeria’s economic challenges and how these influence the fintech ecosystem. Digital TimesNG understands that participants will gain actionable insights on how to…

The Nigeria Startup Portal is now open for labeling, according to a statement by the National Information Technology Development Agency (NITDA). The portal will facilitate the labelling of Nigerian Startups and the registration of Venture Capitalists, Angel Investors, Accelerators, Incubators & Innovation Hubs (A.I.I.), and Civil Society Organisations involved in the advancement of Technology and Innovation in Nigeria. This is pursuant to the requirements of Section 10 of the Nigerian Startup Act, 2022. Launched by the Honourable Minister of Communications, Innovation, and Digital Economy, Dr. Bosun Tijani, the Startup Support and Engagement Portal is part of the Nigeria Startup Act…

9mobile has spiced up its 9Konfam offerings as its customers are set to enjoy 9 times the value of recharge and more when they subscribe to this unique offering. This innovative plan, crafted with a focus on enhancing connectivity and value for its customers, promises to make connectivity with family and friends seamless and enjoyable. The 9Konfam plan boasts unique benefits aimed at bringing families and friends closer while providing unparalleled value for money. Among its standout features, customers stand to enjoy an extraordinary 9 times the value on all recharges of N100 and above. This significant bonus is applicable…

Konga, Nigeria’s leading composite eCommerce group and the only official Starlink Shop-in-shop eCommerce partner has announced that it is offering customers a 50% discount on Starlink Satellite kits for a limited period subject to stock availability.   At a press conference on Tuesday, Konga Group Chief Operating Officer, Dave Omoregie informed the public that this official promo was agreed upon with the management of Starlink, owned by Space X. He stated that this special promo is to discourage the patronage of grey products that are not supported by Starlink and advised consumers in Nigeria to only buy through authorised channels…

Mr. Kingsley Adonu, Founder and Chief Executive Officer of S Mobile Group, has been appointed as patron by the executive council, Students Union Government (SUG), University of Nigeria Nsukka (UNN). In a letter dated March 29, 2024, and signed by Comrade Enoch Utazi, the President, SUG of UNN, the students said Adonu’s appointment was in the interest of the student union government following his antecedents in youth and student constituency both within the University of Nigeria Nsukka and outside the institution. Kingsley Adonu is a visionary entrepreneur and the Founder of the S Mobile Group, a conglomerate synonymous with…

Cybersecurity giant, Sophos, on Thursday announced a strategic partnership with Tenable, the Exposure Management company, to provide Sophos Managed Risk, a worldwide vulnerability and attack surface management service. The new service features a dedicated Sophos team that leverages Tenable’s exposure management technology and collaborates with the security operations experts from Sophos Managed Detection and Response [MDR] to provide attack surface visibility, continuous risk monitoring, vulnerability prioritization, investigation, and proactive notification designed to prevent cyberattacks. The modern attack surface has expanded beyond traditional on-premises IT boundaries, with organizations operating frequently unknown numbers of external and internet-facing assets that are unpatched or…

The Nigerian Communications Commission (NCC)’s ‘Performance House’ has been updated from the SMP 2014-2018 to reflect the five new strategic pillars of the Strategic Management Plan of the Commission covering 2020-2024. The NCC said in a document posted on its website that the Strategic Management Plan will guide the Commission to consistently discharge its mandate and achieve its Vision and the delivery of its strategic results by the end of the Plan in 2024. The five new strategic pillars of the SMP 2020-2024 of the Commission are Advancement through Strategy, Professionalism, Innovation, and Regulatory Excellence represented by the acronym- ASPIRE…