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Access Holdings appoints Bolaji Agbede as acting CEO after Herbert Wigwe’s death

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Access Holdings Plc has announced the appointment of Ms Bolaji Agbede as the Acting Group Chief Executive Officer following the death of former Group Chief Executive Officer, Dr Herbert Wigwe.

Agbede joined Access Bank in 2003 as an Assistant General and has served in different roles at the bank.

Wigwe died in a helecpter crash on Friday, February 9, 2024, alongside his wife, Doreen, son Chizi and a former chairman of the Nigeria Exchange Group, Abimboloa Ogunbanjo.

In a statement announcing Agbede’s appointment on Monday, February 12, 2024, the company’s Board of Directors said her appointment was subject to the approval of the Central Bank of Nigeria.

The statement reads in part, “Further to its announcement dated February 11, 2024, the Board of Directors of Access Holdings Plc (‘the Company’) has today announced the appointment of Ms Bolaji Agbede as the Acting Group Chief Executive Officer of the Company following the unfortunate demise of its former Group Chief Executive Officer, Dr Herbert Wigwe, on February 9, 2024.

“The appointment is subject to the approval of the Central Bank of Nigeria.”

Agbede joined Access Bank in 2003 as an Assistant General and has served in different roles at the bank. Her professional experience cut across banking and business consultancy services

Between 2010 and 2022, she served as Head, Group Human Resources before she was appointed the company’s founding Executive Director, Business Support in 2022, a position she held until her new appointment.

She holds a Bachelor’s Degree in Mathematics and Statistics from the University of Lagos and a Masters of Business Administration Degree from Cranfield University UK in 2002.

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November Petrol supply rises 55% to 71.5m litres daily

The report revealed that the domestic refineries supply in the period stood at 17.1 million litres per day, while the average daily consumption of PMS for the month was 52.9 million litres per day.

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The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) November Fact -Sheets indicated that the supply of Premium Motor Spirit (PMS), also known as petrol, increased to 71.5 million litres per day in November 2025 from 46 million litres per day in October. This was an increase of 55 per cent.

In the report released yesterday, the agency said that the nation’s consumption also increased by 44.5 per cent to 52.1 million litres per day in November 2025, compared to the 28.9 million litres in October,. an excess of 37.4 million litres.

It said that the volume supplied came from both the domestic and the international market.

NMDPRA noted that the imports were aimed at building inventory and further guaranteeing supply during the peak demand period.

Other reasons for the increase, according to the NMDPRA, were due to “low supply recorded in September and October 2025, below the national demand threshold; the need for boosting national stock level to meet the peak demand period of end of year festivities and twelve vessels programmed to discharge into October which spilled into November.

The report revealed that the domestic refineries supply in the period stood at 17.1 million litres per day, while the average daily consumption of PMS for the month was 52.9 million litres per day.

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Dangote fixes petrol selling price at ₦739 only at MRS stations selling nationwide

The refinery stated that the move is part of its commitment to transparency, affordability, and consumer protection in the downstream petroleum sector.

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Dangote Petroleum Refinery has introduced a dedicated hotline for Nigerians to report any MRS Oil Nigeria Plc filling stations selling Premium Motor Spirit (PMS) above the approved pump price of ₦739 per litre.

The refinery stated that the move is part of its commitment to transparency, affordability, and consumer protection in the downstream petroleum sector.

The hotline, 0800 123 5264, is now operational nationwide and enables consumers to report price violations promptly across more than 2,000 MRS filling stations.

The initiative follows Dangote Refinery’s recent rollout of nationwide PMS sales at ₦739 per litre, a step aimed at stabilising fuel prices and easing the financial burden on Nigerians, particularly during the festive season.

In a statement, the refinery urged Nigerians to take advantage of the price reduction and avoid buying fuel at inflated rates when locally refined PMS is available at the approved price.

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JUST IN: Trump Sacks US Ambassador To Nigeria, Others

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The Trump administration has recalled the United States Ambassador to Nigeria, Richard M. Mills Jr., as part of a broader shake-up involving nearly 30 career diplomats serving in ambassadorial and senior embassy posts around the world.

Mills, who assumed his post in Nigeria in July 2024 during the Biden administration, is among the affected envoys who received notices last week that their tenures will end in January 2026. The move aligns with efforts to ensure U.S. diplomatic representatives fully support President Donald Trump’s “America First” foreign policy priorities.

Africa has been the most impacted region, with ambassadors recalled from 13 countries: Burundi, Cameroon, Cape Verde, Gabon, Côte d’Ivoire, Madagascar, Mauritius, Niger, Nigeria, Rwanda, Senegal, Somalia, and Uganda. Other affected regions include Asia (six countries, including the Philippines and Vietnam), Europe (four countries), the Middle East (two countries), and additional posts in South Asia and the Western Hemisphere.

Many of these diplomats were appointed under the previous Biden administration and had initially survived an earlier wave of changes that primarily targeted political appointees. Ambassadors serve at the pleasure of the president and typically hold posts for three to four years, though the administration described the recalls as a “standard process” for any new presidency.

A State Department spokesperson defended the decision, stating: “An ambassador is a personal representative of the president, and it is the president’s right to ensure that he has individuals in these countries who advance the America First agenda.”

The recalls, first reported by Politico, have raised concerns among some lawmakers and the American Foreign Service Association, the union representing U.S. diplomats. The affected career diplomats will return to Washington for potential reassignment but will no longer serve as chiefs of mission in their current postings.

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