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JUST IN: Access Bank’s Herbert Wigwe, Wife, Son’s Funeral To Hold March 4 – 10, 2024

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Plans to honour the lives of Herbert Wigwe (1966 – 2024), his wife and son span from March 4 to March 10, 2024, as detailed in a schedule obtained by Ohibaba.com.

The somber events include various ceremonies and services to pay tribute to the departed souls.

Monday, March 4, 2024 marks the Bankers Committee’s Celebration of Herbert, followed by a Service of Songs for Chizzy on Tuesday morning, March 5, 2024 and another Service of Songs for the deceased Wigwes in the evening of the same day.

On Wednesday March 6, from 11:00 am to 3:00 pm, a commemoration event will celebrate Herbert’s impactful contributions in the Social Impact Space, followed by an Evening Service of Songs for Herbert at Redeemed Christian Church, City of David Parish.

Thursday, March 7 is dedicated to a Service of Songs at Herbert’s Dad’s parish, along with the somber tasks of traveling to PH for Chizzy’s funeral service and interment, as well as holding Service of Songs for Herbert and his wife.

According to the schedule, Friday, March 8 is designated for the final farewell, with Funeral services and interments planned for both Herbert & Mrs. Wigwe.

Saturday, March 9 will be a day to receive guests, while Sunday, March 10 will culminate in a Thanksgiving Service to honor the lives and legacies of the departed.

Herbert Onyewumbu Wigwe, a revered Nigerian banker and entrepreneur, passed away at the age of 57. As the CEO of Access Holdings Plc and former Group Managing Director/CEO of Access Bank Plc, his leadership transformed a small commercial bank into a global financial institution.

Born on August 15, 1966, to Ikwerre parents from Omueke Isiokpo in Rivers State, Herbert attended St. Gregory’s College in Lagos for his secondary education. He later graduated with a degree in accountancy from the University of Nigeria, Nsukka, in 1987. Herbert Wigwe’s legacy encompasses not only his professional achievements but also his philanthropy and visionary leadership.

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Business

NPA initiate trucks movement code to ease traffic at Lagos ports

The initiative is designed to ensure that each truck is matched exclusively to its designated empty container, eliminate multiple allocations, improve traffic management and enhance operational efficiency within the port corridor.

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The Nigerian Ports Authority (NPA) has introduced a movement code to streamline the movement of empty containers into seaport terminals and reduce traffic congestion caused by container trucks along the Apapa and Tin Can Island port corridors.

The Guardian reported that under the new policy, the movement code will serve as a unique identifier generated by a holding bay for every empty container uploaded to the Electronic Call-Up (ETO) platform.

The code must correspond with the details captured on the ETO system before trucks are granted access to port terminals.

In a notice issued to stakeholders, the NPA said the movement code has become a mandatory requirement for completing the truck-container matching process.

Truck drivers are required to obtain the code from designated holding bays before proceeding to the ports.

According to the authority, the initiative is designed to ensure that each truck is matched exclusively to its designated empty container, eliminate multiple allocations, improve traffic management and enhance operational efficiency within the port corridor.

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Business

Okonjo-Iweala lauds Cardoso for stabilising Nigeria’s monetary environment

Okonjo-Iweala, gave the commendation on Thursday at the 7th Africa Emerging Markets Forum held in Abuja, with the theme: “Building Resilience Amidst Geo-economic Uncertainties.”

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The Director-General of the World Trade Organisation (WTO), Dr Ngozi Okonjo-Iweala, has commended the Governor of the Central Bank of Nigeria (CBN), Mr Olayemi Cardoso, for stabilising Nigeria’s monetary environment.

Okonjo-Iweala, gave the commendation on Thursday at the 7th Africa Emerging Markets Forum held in Abuja, with the theme: “Building Resilience Amidst Geo-economic Uncertainties.”

Speaking at the forum, Okonjo-Iweala commended Cardoso on the work that he and his team have done on currency and monetary policy stabilisation.

However, she emphasised that Nigeria must sustain broader macroeconomic reforms.

“Nigerians have to feel the dividends of reform in the real economy,” she added.

The forum brought together policymakers, business leaders and development partners to discuss strategies for strengthening Africa’s resilience amid growing global economic uncertainty.

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Business

Naira Exchange Rates Thursday, July 30 : Black Market, CBN, Commercial Bank

Sterling Bank publishes both a buy rate and a sell rate for USD, GBP, EUR, and ZAR. The buy rate is what Sterling Bank will pay you when you exchange foreign currency for Naira. The sell rate is what you will pay when buying foreign currency from Sterling Bank at its branches.

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BLACK MARKET RATES

US DOLLAR (USD) Buy ₦1,407 Sell ₦1,415

GREAT BRITISH POUND (GBP) Buy ₦1,900 Sell: ₦1,925

EURO (EUR) Buy ₦1,590 Sell ₦1,610

CANADIAN DOLLAR (CAD) Buy ₦1,020 Sell ₦1,080

SOUTH AFRICAN RAND (ZAR) Buy ₦75 Sell ₦90

UAE DIRHAM Buy ₦350 Sell ₦370 CHINESE YUAN Buy ₦190 Sell ₦205

GHANA CEDI (GHS) Buy ₦95 Sell ₦110

WEST AFRICAN CFA Buy ₦2, 300 Sell ₦2, 400

CENTRAL AFRICAN CFA Buy ₦2,150 Sell 2,250

AUSTRALIAN DOLLAR Buy ₦800 Sell ₦900

Commercial Bank Exchange Rates

Sterling Bank

Currency Buy Sell

USD / NGN ₦1350.00 ₦1385.00

GBP / NGN ₦1775.23 ₦1862.81

EUR / NGN ₦1518.76 ₦1599.69

ZAR / NGN ₦80.66 ₦85.12

CBN Exchange Rates

US DOLLAR (USD) ₦1,366.71

GREAT BRITISH POUND (GBP) ₦1,815.82

EURO (EUR) ₦1,555.32

SWISS FRANC (CHF) ₦1,666.72

JAPANESE YEN (JPN) ₦8.34

CHINESE YUAN (CNY) ₦201. 99

WEST AFRICAN CFA (XOF) ₦2. 37

WEST AFRICAN UNIT ACCOUNT (WAUA) ₦1,849.04

SAUDI RIYAL (SAR) ₦364.02

SOUTH AFRICAN RAND (ZAR) ₦81.46

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