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Fed Govt Slightly Reverse The Price of PMS

Queue at the filing station  The President,  Petroleum Products Retailers Owners of Nigeria( PETROAN), Dr Billy Gills Harry, says the reduction of the product, by the Nigerian National Petroleum Company Limited( NNPCL) is good for the nation'struggling economy, as it would help in soften the difficult situations posed by the sharp rise in the price of petroleum products. While reacting to the issue through a statement issued and signed to the NEWSMIRROR yesterday, Harry said that the slight reversal of the price by NNPCL shows that the government is committed to the alleviation of the problems of the masses. According to him, the reduction in the price per litre of Petrol Motoring Spirit( PMS) from N1,020 per litre to N899 per litre is good, adding that the country will soon get over its problem, if the readjustment of the economy continues. Also, PETROAN's Public Relation Officer, Dr  Joseph Obele said that Dangote Petroleum Refinery had earlier started the r...
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Access may acquire controlling shares in Angola Bank

By Favour and Akinola Ajibade 

Access Bank may acquire a majority share in  Finibanco Bank S.A,  a full size Commercial Bank with 20 branches and a  total assets of $300million  in the oil rich nation in Southern Africa. 
This follows the  regulatory approval by the Central Bank of Angola, Bianco Nacional de Angola.
Prior to this period, the Central Bank of Nigeria (CBN) had approved the transaction and the Bank now expects to receive the approval of the Angolan Competition Authority in the coming days in order complete regulatory approvals required to bring the transaction to closure.
While announcing the decision by Access Bank to acquire the Angola Bank, the Company Secretary, Sunday Ekwochi said the bank has also signed an agreement with minority shareholders of Finibanco Angola S.A who have expressed an interest to sell their shares concurrently as the bank targets above 80 percent at the completion of the deal.
Similarly, the Group Chief Executive Officer, of Access Holdings said the company is pleased with the development which has made Access Bank, a frontline bank on the continent.
“We are pleased to be well positioned to join the select league of banks providing high-value financial services to high growth business and the rising consumer sector in Angola”.

 


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