Business

Access Bank Unfolds Paris subsidiary’s Operations Focus

Published

3 years ago

May 19, 2023

589 Views

Access Bank Plc has expressed confidence that the new subsidiary in Paris, will play a key role in driving trade and investment flows between Africa and France.

Herbert Wigwe, the Group Chief Executive Officer of Access Holdings Plc., the parent company of Access Bank, confidently stated this during the launch of the Paris subsidiary.

Wigwe stressed that the subsidiary’s location in Paris is strategic, as it is the commercial and financial centre of France with a vibrant ecosystem of businesses and institutions.

“With a population of over 67 million people and a GDP of €2.4 trillion, France is a key player in the global economy,” he said.

” Access Bank’s new subsidiary will enable the bank to tap into the country’s vast business opportunities, particularly in the area of cross-border trade finance,” said Wigwe.

He said that Access Bank has a great presence in the Francophone world that relies significantly in terms of trade on France, so Access Bank in Paris will work to support trade possibilities and trade finance solutions to businesses in those regions, ranging from large conglomerates to SMEs and more.

“Our range of banking products and services will be a valuable asset for businesses looking to trade internationally, while our corporate and investment banking services will help businesses access capital, manage their cash flow, and mitigate risk.

Managing Director, Access Bank Plc, Roosevelt Ogbonna, said “Access Bank’s presence in France represents an important step towards achieving its goal of bridging worlds and connecting opportunities for African businesses.

“Today, we are proud to have a presence in 18 countries across four continents, serving millions of customers and businesses.

” Indeed, our expansion drive has been guided by our vision to become the world’s most respected African bank, and by building on our strong track record of innovation, customer service, and social responsibility, we have come one step closer to achieving this goal,” said Ogbonna.

Business

Dangote Performs Opening Gong Ceremony At NGX, Present Facts Behind the Offer

Dangote brings his Dangote Petroleum Refinery’s IPO for listing on the exchange.

Published

3 hours ago

September 14, 2026

OCHEFA

10 Views

The trading floor of the Nigeria Exchange Limited (NGX) is agog this morning as billionaire industrialist,Aliko Dangote, declared opened trading activities for the day.

Dangote brings his Dangote Petroleum Refinery’s IPO for listing on the exchange.

He is currently making the Facts Behind the Offer Presentation and unpacking the numbers, the offer and the significance of this transaction for Nigeria and the continent.

Details soon..

Business

Naira Exchange Rates To Dollar, Pound , Euro… September 14

Published

4 hours ago

September 14, 2026

OCHEFA

16 Views

BLACK MARKET

US DOLLAR ₦1385

POUND (GBP) ₦1880

EURO (EUR) ₦1580

CANADIAN DOLLAR (CAD) ₦1000

SOUTH AFRICAN RAND (ZAR) ₦90

UAE DIRHAM (AED) ₦370

CHINESE YUAN (CNY) ₦190

GHANA CEDI (GHS) ₦100

Central Bank of Nigeria Rates

DOLLAR (USD)₦1326.52

POUND (GBP)₦1794.52

EURO (EUR)₦1540.22

SWISS FRANC (CHF)₦1627.83

JAPANESE YEN (JPN)₦8.64

CFA FRANC (XOF)₦2.34

WEST AFRICAN UNIT OF ACCOUNT (WAUA)₦1811.58

CHINESE YUAN (CNY)₦197.74

SAUDI RIYAL (SAR) ₦353.20

SOUTH AFRICAN RAND (ZAR) ₦82.24

Business

Dangote Refinery’s IPO Officially Opens Today On NGX

Published

5 hours ago

September 14, 2026

OCHEFA

15 Views

Dangote Petroleum Refinery & Petrochemicals FZE today announced the commencement of its Initial Public Offering (IPO) to the investing public.

The offer will be formally launched at a ceremony on the trading floor of the Nigerian Exchange (NGX) Limited in Lagos.

The IPO, which opens today, September 14, 2026, consists of 4.1 billion new ordinary shares offered at N525 per share, with a minimum subscription of 10 shares valued at N5,250.

The offer is expected to remain open until October 13, 2026, subject to the terms outlined in the Prospectus. The transaction is targeted at retail, institutional, and eligible African investors, reinforcing Dangote Refinery’s commitment to broadening ownership and deepening participation in Nigeria’s capital market.

The public offer is expected to raise approximately N2.15 trillion, making it one of the largest equity offerings ever undertaken in Africa.

The proceeds will support the Refinery’s long-term growth plans, operational expansion, strategic investments, and the creation of additional value for shareholders and stakeholders alike.

Speaking on the significance of the IPO, President and Chief Executive of Dangote Industries Limited, Aliko Dangote, said:“Today marks the beginning of a new chapter in the history of Dangote Refinery and, indeed, in the economic future of our nation. This offering is about more than raising capital; it is about creating an opportunity for ordinary Nigerians, Africans, and investors across the globe to participate directly in one of the most transformative industrial projects ever built on the continent.

We established this refinery to transform Africa’s energy landscape, create jobs, conserve foreign exchange, and unlock shared prosperity. With this IPO, we are extending that vision by democratising ownership and ensuring that millions of people can benefit from the value being created.”