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Participants Acknowledge Policy, Regulatory Impact on Digital Connectivity

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…Pivot future of work, business growth, content development on digital connectivity

AJAGBE ADEYEMI TESLIM

Sponsored by: H&H

As the weeklong 2022 edition of AfricaNXT opened today at the Landmark Event Centre, Lagos, discussants at panel sessions and other participants have acknowledged the positive impact of Federal Government’s policy and regulatory efforts, through the Nigerian Communications Commission (NCC), in fostering increased connectivity.

Thre was a groundswell of opinion that improved connectivity has enhanced individual and corporate activities that are bolstering socio-economic development in Nigeria.

The discussants particularly identified the critical role which digital connectivity is playing and will continue to play in shaping the future of work and the development of commercial activities in the country.

At a panel discussion, titled: “Bridging the African Digital Economy Gap,” discussants examined, in great depth and perspectives, how digital economy gap can be addressed in Nigeria and across Africa towards supporting business owners to sustainably grow global brands emerging from the African continent.

Also, at a panel discussion on “Future of Work: Exploring Pathways to Careers in the Digital Age”, panelists emphasised the transformational role digital connectivity is playing in bringing about efficient work environment, virtual collaboration at the work place, mobile work as well as remote work, thus replacing the hitherto brick and mortar business model, especially in the wake of the COVID-19 pandemic.

Formerly known as Social Media Week Lagos, now rebranded AfricaNXT, the conference and festival is one of the largest technology events in Africa, with a gathering of business owners, innovators, technology enthusiasts and regulators, to discuss and network on how Africa can take its befitting place in the emerging global digital economy.

Already, the NCC delegation has arrived the venue of the event in high spirit ready to participate in the various panel sessions ahead of the main NCC panel session on Fifth Generation Deployment scheduled to take place on Thursday, March 3, 2022.

The panel session to be constituted by senior staff of NCC, on various regulatory aspects of 5G being driven by the NCC to deepen digital connectivity, will be a forum to educate hundreds of participants expected at the NCC panel session.

There are indications of enthusiasm about the NCC discourse and participants seem ready to use the opportunity to deepen their understanding of the new technology.

Over the years, NCC has put in place an effective regulatory regime that has continued to make the country witness increase in its Internet penetration and usage of digital media.

As at December 2021, active mobile Internet subscriptions reached over 141 million; active mobile (voice) subscriptions stood at 195.4 million, broadband penetration has reached 40.88 per cent while digital economy access gaps identified by the Commission are being drastically reduced to ensure saturated Internet connectivity across the country.

Besides, the Commission has facilitated deployment of emerging  technologies from the a First Generation (1G), to 2G, 3G and 4G-LTE, and is vigorously driving deployment of 5G network in the country with the recent auction of 3.5 gigahertz (Ghz) spectrum licences to operators that will deploy 5G technology in the country.

Also, NCC is driving effective implementation of the National Digital Economy Policy & Strategy (NDEPS), 2020-2030, and the Nigerian National Broadband Plan (NNBP) 2020-2025 to actualize the laudable targets of deepening broadband penetration, reducing cost of broadband services, and improving digital literacy and skills. These, participants reckoned, have transformed businesses with multiplier effect on Nigeria’s GDP in which the telecom sector contributes more than 12 percent.

Earlier, at the first business session hosted by The Guardian newspaper, held after the opening plenary, discussants and participants visualised how African stories will be told in the next 10 years. There is a convergence of opinions that great developments in Africa could propel emergence of great brands that can shape the nature of content as well as their narrations to the benefit of Africa.

Furthermore, the extant NDEPS, the NNBP and the New Policy on 5G networks for Digital Nigeria, are expected to combine to shape the nature of and significance of content generation, processing and dissemination in Africa.

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Jamara Home Celebrates Mothers with an Extensive Range of Exceptional Products this Mother’s Day

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Jamara Home Celebrates Mothers with an Extensive Range of Exceptional Products this Mother’s Day

AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H


Jamara Home, one of Nigeria’s leading destinations for electronics and home appliances, celebrates this year’s Mother’s Day with heartfelt appreciation and a variety of items to help customers honor the incredible women in their lives.


From practical everyday solutions to thoughtful lifestyle upgrades, Jamara Home has in stock a wide selection of products to suit every type of mum because every mother deserves to be celebrated in a way that’s as special as she is.


Rabi Jammal, Managing Director of Jamara Home, says: “We see mothers as the unsung heroes of our everyday lives. This celebration gives us an opportunity to express our gratitude and to help our customers do the same through products that are thoughtful, meaningful, and heartfelt.”


Customers can shop a curated lineup of top-quality essentials and gifts, including:
Gas Cookers for dependable everyday cooking.


Refrigerators and Freezers to keep meals and moments fresh Smart TVs for entertainment that brings the family together Air Conditioners for cool, comfortable living Kitchen Tools & Appliances for enhancing convenience and creativity in the home With showrooms located in Lagos and Port Harcourt, Jamara Home has become a trusted household name known for quality products and customer-focused service.

The brand’s seamless omnichannel presence, combining user-friendly online shopping with physical retail experiences, ensures convenience and authenticity at every touchpoint.


To explore the full range of exceptional products by top brands from Jamara Home, visit the online store or locate the nearest Jamara Home showroom.

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Okobi, Esomeju, Otaigbe Join Global Leaders to Discuss Sustainable Finance, Economic Transition at UNEP FI’s Regional Roundtable

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AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

As part of its continued commitment to sustainability, Access Holdings PLC will be amongst the leading participants in the United Nations Environment Programme Finance Initiative (UNEP FI) Regional Roundtable on Sustainable Finance for Africa and Middle East.

taking place from May 6-7, 2025, in Marrakech, Morocco, the event will bring together regulators, policymakers, and key stakeholders from the financial sector to discuss and shape critical sustainability issues, including climate mitigation and adaptation, nature-positive finance, just transition and financial inclusion, carbon finance, among others.

Amaechi Okobi, Chief Brand and Communications Officer of Access Holdings; Edmund Otaigbe, Group Head of Credit Administration, Governance & Project Monitoring, and Njideka Esomeju, Group Head of Products and Segments, will be contributing insights from their extensive experience in driving sustainability within the financial sector.

Among the discussions will be sessions dedicated to accelerating the transition of real economy sectors towards sustainability, addressing climate risks, and ensuring financial inclusion. One of the focal points will be how financial institutions can support climate adaptation and resilience, particularly in vulnerable sectors across Africa and the Middle East. The event will further tackle the challenge of unlocking private finance for the Sustainable Development Goals (SDGs), exploring innovative ways to align capital flows with regional sustainability needs.

Other high-level dialogues will explore regional collaboration to support sustainability goals, advancing action on climate adaptation, and the regulatory developments promoting sustainable finance across the region. Panels will focus on topics such as financing and insuring MSMEs for climate resilience and fostering an inclusive transition by ensuring that vulnerable communities and underserved populations are not left behind in the push for green growth.

Prominent speakers at the event include Mahmoud Mohieldin, UN Special Envoy on Financing the 2030 Agenda; Louise Gardiner, Senior Operations Officer at the International Finance Corporation (IFC); Lily Burge, Policy Manager, Climate Bonds Initiative; Samuel Tiriongo, Director of Research and Policy, Kenya Bankers Association; Walid Ali, General Manager, Sustainability Department, Central Bank of Egypt; Yasser Mounsif, Director of Issuers, Moroccan Capital Market Authority, alongside other leaders in sustainable finance.

The UNEP FI Regional Roundtable promises to be a critical platform for deepening collaboration among stakeholders across Africa and the Middle East, with the shared goal of creating a resilient, sustainable future for the region.

#Access Holdings Plc
Access Holdings Plc is a leading multinational financial services group that offers banking, lending, payment, insurance, and pensions services. Headquartered in Lagos, Nigeria, Access Holdings operates through a network of more than 700 branches and service outlets, spanning three continents, 24 countries, and 60+ million customers.

Access transitioned into a holding company to drive rapid growth and become a full-scale ecosystem player offering interconnected services across customer needs. Established in 2022, Access Holdings Plc consists of the Access Bank Group; Access ARM Pensions; a Payment and Switching Services Company; a Digital Lending Company, and an Insurance Brokerage Company. The banking vertical serves its various markets through four business segments: Retail, Business, Commercial and Corporate, and has enjoyed what is it arguably Africa’s most successful banking growth trajectory in the last eighteen years, becoming one of Africa’s largest retail banks by customer base and Sub-Saharan Africa’s largest bank by total assets.

Access Holdings strives to deliver sustainable economic growth that is profitable, environmentally responsible, and socially relevant, helping customers to access more and achieve their dreams.

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Access Holdings Records 88% Growth in Gross Earnings to N4.878 Trillion

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AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

Access Holdings PLC (“the Group”) (Bloomberg: ACCESSCO), a leading African financial services group, today, announced its audited financial results for the full year ended December 31, 2024.


The Group delivered 88% year-on-year growth in gross earnings, rising from N2.594 trillion in 2023 to N4.878 trillion in 2024. The strong performance was driven by diversified income streams, with interest income growing by 110% to N3.480 trillion and non-interest income increasing by 47.8% to N1.397 trillion, supported by robust retail banking activities, digital expansion, and a dynamic trading strategy.


Profit before tax (PBT) increased by 19% to N867.0 billion, while profit after tax (PAT) rose to N642.2 billion, despite inflationary and macroeconomic challenges. Total assets grew by 55.5% to N41.498 trillion, and customer deposits rose by 47% to N22.525 trillion. Shareholders’ funds also increased by 72%, reaching N3.760 trillion.

In 2024, the Group made significant social and environmental impact across the continent, touching millions of lives and earning multiple industry accolades. Through various corporate social investment initiatives in education, entrepreneurship, health, and the environment, the Group reached over 21 million individuals across Africa. Its employee wellness programmes also covered 28,000 staff across operating entities. Access Bank, the flagship subsidiary, through its W-Initiative, disbursed loans to over a million women-led SMEs, advancing financial inclusion and gender empowerment.
The Group’s efforts attracted prestigious recognition and awards, including three Euromoney Awards for Excellence (notably ‘Best Bank for ESG’); International Finance Award for ‘Most Innovative Bank for Community Development and Community Engagement’; and World Economic Magazine Award for ‘Most Sustainable Bank’.
In terms of economic sustainability, Access Bank recorded strong strides through its Economic, Social and Governance (ESG) programmes. It facilitated $437.42 million in DFI inflows to support MSMEs across Africa, disbursed 1.6 million digital loans to low-income individuals, and booked its first N1.4 billion diaspora mortgage loan.
The Group also achieved a 13.4% reduction in operational emissions, planted 57,302 trees, and enabled solar power adoption for 226 homes and businesses. Its headquarters was awarded the IFC EDGE (Excellence in Design for Greater Efficiencies) Green Building Certification for sustainable design and construction

standards.
In addition, Access employees contributed 228,500 volunteer hours to various community development programmes, reinforcing the Group’s commitment to inclusive and purpose-driven impact.
The Group is focused on delivering sustainable returns to shareholders, while reinvesting in innovation, infrastructure, and cross-border expansion. Its banking subsidiary launched operations in Hong Kong, received regulatory approval in Malta, and successfully integrated its operations in Zambia and Tanzania, expanding its global footprint.
Access Bank posted significant gains across all performance metrics, with interest income growing by 110% and fees and commissions rising by 81%. International subsidiaries contributed 48.5% to the banking segment’s PBT, demonstrating strong execution across key markets.
In 2024, Access Holdings also became the first institution to meet the Central Bank of Nigeria’s recapitalisation directive, raising ₦351 billion through a rights issue. The proceeds are being strategically deployed to strengthen digital infrastructure, enhance liquidity, and fuel long-term growth.
Looking ahead, Access Holdings remains committed to building a more inclusive, sustainable, and profitable future, delivering value not just to shareholders, but to society and the environment at large.

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About Access Holdings

Access Holdings Plc (‘the Company’) operates through a network of more than 700 branches and service outlets, spanning three continents, 23 countries and over 60 million customers. The Company serves its various markets through four subsidiaries across the banking, payment, pension administration and insurance sectors through four operating companies, viz: Access Bank Plc, Hydrogen Payment Services Company Limited, Access Pensions Limited, and Access Insurance Brokers Limited.

Access Bank Plc serves its various markets through four business segments – Retail Business, Commercial and Corporate, and has enjoyed what is Africa’s most successful banking growth trajectory in the last twenty years. Following its merger with Diamond Bank in March 2019, Access Bank Plc became one of Africa’s largest retail banks by customer base and the Nigeria’s largest bank by total assets.

Hydrogen Payment Services Company Limited, the payment company, leverages the strong suite of the Bank’s existing assets and customer base, creating a super fintech that will be Africa’s most powerful business services network. Hydrogen being a company of African heritage has a clear understanding of the unique payment challenges across the continent and is positioned to address these challenges with its offerings. Its range of products and services, such as InstantPay, Payment gateway, POS services, Card and Switch processing are gaining traction in the marketplace and addressing the unique needs of customers.

Access ARM Pensions Limited, formerly Access Pensions Limited, is one of Nigeria’s largest Pension Funds Administrator (‘PFA’) by customer base and Assets Under Management, with nearly ₦3 trillion in assets under management and serving over two million Retirement Savings Account holders.

Access ARM Pensions Limited is the product of separate entities. The erstwhile Access Pensions Limited first became a subsidiary of Access Holdings following the acquisitions of the former First Guarantee Pension Limited and Sigma Pensions Limited and their subsequent merger. Subsequently, Access Pensions Limited merged with ARM Pensions Managers Limited to then form Access ARM Pensions Limited. As one of Nigeria’s leading PFAs, Access ARM Pensions Limited will leverage key relationships and Access’ growing ecosystem across Africa to unlock greater opportunities for customers.

Access Insurance Brokers Limited is a company licensed by the National Insurance Commission that provides intelligent solutions that mitigate the unique risks faced by individuals and businesses in an ever-changing world using leading risk management tools and governance standards.

Access Holdings Plc strives to invest in businesses that are committed to sustainable practices and have a positive impact on the environment.

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