Business
Participants Acknowledge Policy, Regulatory Impact on Digital Connectivity
…Pivot future of work, business growth, content development on digital connectivity
AJAGBE ADEYEMI TESLIM
Sponsored by: H&H
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.
Business
ACCESS BANK (SL) LTD STRENGTHENS LEADERSHIP TEAM WITH KEY BOARD APPOINTMENTS, NAMES NEW CHAIRMAN
AJAGBE ADEYEMI TESLIM
SPONSORED BY: H&H
Access Bank Sierra Leone Ltd (‘Access Bank (SL) Ltd’) has announced the appointment of new executives to its Board of Directors (‘the Board’), further strengthening its leadership team and advancing the implementation of its growth and transformation strategy.
These appointments also reflect the Bank’s commitment to fostering growth and development while maintaining the highest standards of governance and stewardship.
Joining the Board as Non-Executive Directors are Maurice Nathaniel Cole, Nsikak N. Usoro, Michala Mackay, Ibrahim Khalil Lamin, and Kolawole Augustine Ajimoko.
The appointees boast a wealth of expertise from diverse sectors, including banking, telecommunications, corporate governance, compliance, and finance. Their combined experience and vision will contribute to shaping the future trajectory of Access Bank (SL) Ltd.
Cole will serve as Chairman, following the exit of Alice Marie Onomake and will bring his experience to the fore as Access Bank (SL) Ltd works to consolidate its market position and deliver value for all its stakeholders.
“We are thrilled to welcome our new executives to Access Bank (SL) Ltd,” said Ganiyu Sanni, Country Managing Director, Access Bank Sierra Leone Ltd. “Their leadership and vision will be invaluable as we navigate through challenges and pursue sustained success. We extend our gratitude to outgoing Chairman, Alice Marie Onomake, and Non-Executive Director, Aminata B. Dumbuya, for their dedicated service and contributions to the Bank.”
Access Bank (SL) Ltd remains committed to excellence, transparency, and accountability as it embarks on this exciting new chapter. The Bank looks forward to leveraging the collective expertise of its leadership team to drive innovation, foster growth, and create lasting impact for its customers and communities.
Business
Access Holdings Vests 23.8 million Units of Shares on Senior Executives
AJAGBE ADEYEMI TESLIM
SPONSORED BY: H&H
In line with the disclosure requirements of the Securities and Exchange Commission and the Nigerian Exchange Limited, Access Holdings Plc , Africa’s leading financial services group, has announced the award of 23.8 million ordinary shares to some of its senior executives and executives of Access Bank, its flagship subsidiary.
This is in pursuant of the terms of its shareholders approved Employees Performance Share Plan.
Bolaji Agbede, the Acting Group Chief Executive Officer of Access Holdings, Roosevelt Ogbonna, the Managing Director/Chief Executive Officer of Access Bank, and six others were vested with 23,883,790 units of the Group’s shares, worth a combined N427.13 million.
This was disclosed via notices duly filed with the Nigerian Exchange Limited on Tuesday.
According to the filings, Ogbonna got the highest amount of shares totalling 12,345,679 units and worth N220.37 million, having been traded at N17.85 per share.
Agbede was vested with 2,216,992 units of shares, valued at N39.795 million.
Other directors, who had shares vested include Seyi Kumapayi, Executive Director, African Subsidiaries, Access Bank, with 1,234,568 worth N22.16 million; Iyabo Soji-Okusanya, Executive Director, Commercial and Investment Banking Division, Access Bank, with 1,691,308 at N17.95 per share.
Her vested shares are valued at N30.36 million, and Chizoma Okoli, Access Bank’s Deputy Managing Director, Retail South, who got 1,728,395 units valued at N30.85 million.
Dr Gregory Jobome, Executive Director, Risk Management, and Hadiza Ambursa, Executive Director, Commercial Banking, were each vested with 1,728,395 valued at N30.85 and N31.02m respectively.
Access Holdings’ Company Secretary, Sunday Ekwochi, was vested with 1,210,058 units of the Group’s shares worth N21.72m.
The shares were vested on May 3rd and May 6th.
The vesting of the shares is not a purchase or sale transaction in the context of the Exchange’s Rules.
Business
Owen Omogiafo, Transcorp Group President Makes MIPAD’s Global Top 100 List, As Company Posts Impressive Q1 Results
AJAGBE ADEYEMI TESLIM
SPONSORED BY: H&H
Dr. Owen D. Omogiafo, OON President/GCEO of Transcorp Group, has been recognized as one of the most influential people of African descent (MIPAD)’s Global Top 100 Futurist & Innovators List.
The list recognises individuals who have made remarkable contributions to shaping the future and pioneering innovative solutions within their respective fields.
The announcement of the recognition comes as Transnational Corporation Plc (Transcorp Group) released its Q1 2024 results, which showed impressive growth on all indices. Profit before tax (PBT) grew year-on-year (YoY) by 1,475 percent to N45.7 billion in the first quarter of 2024 (Q1’24) from N2.9 billion in the corresponding period of 2023.
The company also reported a 173 percent YoY growth in revenue to N88.6 billion in Q1’24 from N32.4 billion in Q1’ 23.
The Company’s continuous growth and impressive results year after year are testament to Omogiafo’s visionary leadership.
Transcorp Group has experienced significant growth and expansion under Omogiafo’s leadership having taken up leadership during a difficult time, as the world grappled with the COVID-19 pandemic.
However, she has led the Group and its subsidiaries, including Transcorp Power, Transafam Power and Transcorp Hotels Plc back to the path of exponential growth and profitability.
Transcorp Group’s shares ended 2023 as one of the best-performing stocks of the year. The impressive growth has continued in 2024.
Dr. Owen Omogiafo’s commitment to innovation, sustainability, and social responsibility has made a positive impact on the lives of millions of people across Africa, in line with Transcorp Group’s purpose of improving lives and transforming Africa.
The MIPAD recognition, is therefore, timely, as Omogiafo’s Transcorp releases another impressive result, reinforcing the Company’s position as a leading conglomerate in the country, and highlighting Owen Omogiafo’s transformational leadership.
The MIPAD recognition is a global initiative that identifies and celebrates outstanding individuals of African descent who are making a positive impact in their communities and the world at large. Dr. Omogiafo’s inclusion in this prestigious list is a well-deserved honour, acknowledging her tireless efforts to drive economic growth, social progress, and environmental sustainability in Africa.
The Transcorp President has been recognised by many local and international bodies for her contributions to Nigeria and Africa’s socio-economic growth, including a national award which was bestowed on her by the Federal Government of Nigeria last year.
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