Business

Chairman, Senate Committee on Banking, Insurance and Other Financial Institutions Mourns Passage of Herbert Wigwe and Others

Published

2 years ago

February 12, 2024

368 Views

The Chairman, Senate Committee on Banking, Insurance and Other Financial Institutions Mourns The Passage of Herbert Wigwe and Others

In his words:

I am devastated by the sad news of the helicopter crash in California, United States of America, that claimed the life of my dear friend, brother and professional colleague, Herbert Wigwe, the Group Chief Executive Officer of Access Holdings PLC, his lovely wife of many years, son, and Abimbola Ogunbanjo, the Group Chairman of the Nigerian Exchange Group PLC, alongside two others.

Herbert Wigwe’s visionary leadership and commitment to excellence have left an indelible mark in the business world, particularly banking and financial services industry . His passion, dedication, and innovative spirit have inspired many, and his legacy will be remembered far beyond his years.

A fearless and accomplished accountant and businessman, Herbert exemplified commitment to causes of public good and national development, evident in initiatives like the Wigwe University project and numerous philanthropic gestures across Nigeria and beyond. This is a national tragedy of monumental proportion.

Having maintained a personal relationship with Herbert since our days at Guaranty Trust Bank in 1991, I witnessed his extraordinary goal-driven professionalism. He reached the pinnacle of his career in the banking industry and business, leaving an indelible mark on the generation of accomplished bankers who cut their teeth at Guaranty Trust Bank.

As we come to terms with this devastating loss, we share in the grief of Access Holdings PLC, the families, friends, and colleagues of those who lost their lives in this unfortunate incident.

Our thoughts and prayers are with you during this unimaginably difficult time. May the memories of Herbert Wigwe and all those who died in the helicopter crash comfort and strengthen all those who knew and loved them. Ameen. Let us remember their contributions and honor their lives by continuing to uphold the values they believed in.

And in this time of sorrow, and as we navigate this dark moment, let our resolve in Almighty God remain unwavered. God bless.

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Business

BUA Group Denies Reports of Bid to Acquire Stake in Kano Pillars Football Club

Published

35 minutes ago

June 30, 2026

Charles Flames

6 Views

BUA Group has firmly dismissed online reports claiming that the conglomerate and its Chairman, Abdul Samad Rabiu, submitted a bid to acquire a 70% stake in Kano Pillars Football Club.

In a press statement issued on Tuesday, the company described the publication as inaccurate and misleading.

PRESS STATEMENT

Re: False Claims of Bid to Acquire Stake in Kano Pillars Football Club

Our attention has been drawn to an online publication suggesting that BUA Group and its Chairman, Abdul Samad Rabiu, have submitted a bid to acquire a 70% stake in Kano Pillars Football Club.

We would like to clarify that this report is inaccurate and does not reflect any position, action, or communication from BUA Group or Abdul Samad Rabiu. No such bid has been made, and there has been no engagement with any party on this matter.

We kindly request that this report be disregarded, and we encourage the public and members of the press to rely only on official statements issued through BUA Group’s verified channels for accurate information regarding our activities.

We appreciate the continued interest in BUA Group and thank the public for their understanding.

BUA Group reiterated its commitment to transparency and urged stakeholders to verify information through its official communication channels.

Business

Nigeria’s oil minister orders marketers to reduce fuel price

“While we believe that market forces will eventually restore equilibrium, the regulator also has a statutory responsibility to ensure that deregulation does not become an avenue for profiteering. This must be done in line with the extant provisions of the Petroleum Industry Act,”said Lokpobiri.

Published

4 hours ago

June 30, 2026

OCHEFA

17 Views

The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, at the NMDPRA General Counsel and Legal Advisers Forum, directed petroleum marketers to reduce fuel price .

At the two-day forum themed: “Beyond Compliance: Driving Regulatory Certainty and Investment Confidence in Nigeria’s Petroleum Sector, Lokpobiri noted that refiners and marketers have continued to sell petrol at elevated pump prices despite the significant decline in crude oil prices from a peak of $120 per barrel to about $72 per barrel last week.

He said: “Following de-escalation of tensions between Iran and the United States, we expected to see a commensurate downward adjustment in the prices of PMS and other petroleum products.However, that has not yet happened.”