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Access Bank acquires Kenya’s Transnational Bank

Following its first announcement in October 2019, Access Bank Plc has announced the successful completion of the acquisition of Transnational Bank Plc, of Kenya (TNB). The Bank made this known through a statement signed by its Company Secretary, Sunday Ekwochi. “Access Bank Plc is pleased to inform the investing public and the Nigerian Stock Exchange of the Bank’s successful completion of the acquisition of Transnational Bank (Kenya) Plc. This follows the receipt of full regulatory approvals and fulfillment of all conditions precedent to completion,” the statement read. Commenting on the acquisition, Herbert Wigwe, the Group Managing Director, Access Bank PLC, said, “We are excited to make an entry into the vibrant Kenyan market. We pledge to put our customers at the forefront of everythin...

Rivers monarchs accuse IGP of reversing presidential lockdown order

President Muhammadu Buhari has been asked to reverse the order of the Inspector General of Police (IGP) on the movement of agricultural produce, livestock, goods and services in Rivers State. The call was made on Saturday by the Rivers State Council of Traditional Rulers, which noted that the IGP had set up a Joint Technical Task Force at the instance of the Federal Ministries of Agricultural and Rural Development, Defence, Environment as well as various security agencies, to ensure free and unhindered movement of food, livestock, agricultural inputs and others into the State. The State Chairman of the Council, King Dandeson Jaja, speaking on behalf of the council in Port Harcourt wondered why the IGP would unilaterally lift the ban on the Presidential order restricting interstate movement...