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Access Holdings to acquire majority stake in First Guarantee Pension

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Access Holdings Plc is set to acquire majority equity stake in First Guarantee Pension Limited.

Access Holdings, trading as Access Corporation, announced its entry into a deal with First Guarantee on the acquisition.

The Group Company Secretary, Sunday Ekwochi, in a statement said the transaction was a step in the Corporation’s evolution from banking into a financial service holding company positioned to gain scale across Africa, global monetary centres, and beyond-banking verticals.

According to her, the National Pension Commission (PenCom) and the Central Bank of Nigeria (CBN) have given their nod to the transaction, the completion of which is subject to the receipt of approvals.

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She noted that the Corporation will update the market as appropriate and in accordance with its disclosure obligations.

The Group Chief Executive Officer, Access Corporation, Dr. Herbert Wigwe, said: “This transaction is a natural evolution for us. Over the last 20 years, we set our sights on and delivered ambitious plans to transform the African financial services landscape focusing on banking and have created the African leading Bank and largest bank by customer base.

“This large customer base both on the wholesale and retail segments makes the pension business a natural fit for the Corporation given its objective of ecosystem optimisation. We will leverage our well-established culture of strong corporate governance, risk Management, cutting-edge technology, and digital capabilities to deliver high standards of professionalism in the management of pension assets to the benefit of our stakeholders.”

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Ayan Agalu Festival Exhibition 2024 Calls for Entries, Offers Free Booths

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The highly anticipated Ayan Agalu Festival Exhibition 2024 is calling for entries from corporate bodies and business owners eager to showcase their products and services.

This esteemed event, scheduled for 17-18 July 2024, will take place at the prestigious Ife Grand Resort, Ojaja Arena, in Ile Ife, Osun State, Nigeria. It promises unparalleled opportunities for networking, attracting investors, and gaining new customers.

The Ayan Agalu Festival, an annual celebration deeply rooted in cultural heritage, will be held over two days, with the exhibition segment taking place on 18 July from 10:00 am.

This exhibition offers a prime platform for businesses to engage with a diverse and influential audience, making it an essential event for anyone looking to expand their market reach.

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Key Benefits of Exhibiting at Ayan Agalu Festival Exhibition 2024:

Networking Opportunities: Connect with potential clients, partners, and investors in a culturally rich and dynamic environment.

Increased Visibility: Present your products and services to a large and varied audience, enhancing your brand’s visibility and recognition.

Brand Promotion: Utilise the festival’s prestige and extensive reach to bolster your brand’s reputation and credibility.

Free Booths: The organisers are providing exhibition booths at no cost, offering an exceptional opportunity for businesses to participate without financial burden.

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To secure a free booth, interested exhibitors must register in advance. Registration is crucial and can be easily completed by contacting the organisers via WhatsApp at +2348189414655.

Given the high demand and limited availability, early registration is strongly recommended.

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The Ayan Agalu Festival Exhibition 2024 is proudly endorsed by the House of Oduduwa Foundation and the Ooni of Ife Palace. These endorsements underscore the event’s significance and its commitment to promoting cultural heritage while fostering economic growth and business development.

In addition to the exhibition, attendees can look forward to a rich programme of activities, including cultural displays, music, dance, and traditional ceremonies.

These elements combine to create a comprehensive cultural experience, making the Ayan Agalu Festival a must-attend event for both exhibitors and visitors.

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Do not miss this unique opportunity to be part of the Ayan Agalu Festival Exhibition 2024. By participating, you will not only enhance your business’s visibility and network but also contribute to the vibrant cultural tapestry of the festival.

For more details, please refer to the attached flyer or contact the organisers directly via WhatsApp at +2348189414655.

Ayan Agalu Festival

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[BREAKING] Minimum wage: NLC, TUC set for joint NEC meeting

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[BREAKING] Minimum wage: NLC, TUC set for joint NEC meeting

The Organised Labour, comprising the Trade Union Congress and the Nigeria Labour Congress, will commence a joint extraordinary National Executive Council in a few moments.

A source within the leadership of the two Labour Centres made this known to our correspondent on Tuesday morning.

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The outcome of the meeting will determine whether the strike by the organised Labour will continue or suspended following the agreement reached between the leadership of Labour and the Federal Government.

Theheute reports that after a six-hour meeting with the leadership of organised labour in Abuja, the Federal Government expressed the commitment of President Bola Tinubu to raising the N60,000 offered as the minimum wage.

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The agreement stated, “The President of Nigeria, Commander-in-Chief of the Armed Forces, is committed to establishing a National Minimum Wage higher than N60,000; and the Tripartite Committee will convene daily for the next week to finalise an agreeable National Minimum Wage.”

The organised labour also agreed to “immediately hold meetings of its organs to consider this new offer, and no worker would face victimisation as a consequence of participating in the industrial action.”

These resolutions were signed on behalf of the Federal Government by Minister of Information and National Orientation, Mohammed Idris, and Minister of State for Labour and Employment, Nkeiruka Onyejeocha.

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Why I am not ready to have kids now – Burna Boy

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Grammy-winning Nigerian singer, Damini Ogulu, popularly known as Burna Boy, has opened up about why he is not ready to be a father yet.

The ‘City Boys’ crooner said he is not ready to have kids yet because he can’t give them the attention they deserve.

The entertainer stated this while responding to a question raised by a fan during a recent Instagram live session with his fans.

He explained that he would have children when he was settled or married.

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“Why haven’t I had kids yet? Bro, because I don’t want to have kids yet,” Burna boy said.

“Have you seen my mum the way she loves me? Have you seen my dad the way he loves me?I know I can’t give that to anyone right now with the life I’m living. So until I’m settled and I can be there for my children everyday, I’m not having no kid.

“I feel like my kids deserved better than I got. And I got both my mum and dad so you understand?”

On the allegations that he is impotent, Burna Boy said, “When I see the bants and the things people say [about me not being able to have kids], I said this is unimportant. Let’s assume that it is true that I couldn’t even have kids, you know that there’s something called IVF? But that is not even true.”

Burna Boy started to gain fame after releasing ‘Like to Party’, the lead single from his debut album ‘L.I.F.E’ (2013).

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In 2021, the singer set a record in Nigeria after his fifth album ‘Twice As Tall (2020)’ won the ‘Best World Music Album’ category at the Grammys.

Burna Boy claimed he brought the Afrobeats genre to the mainstream in 2020.

“FACT! I always knew I was and I am THE BEST. Everyone you think is the best KNOWS I’m BEST since Fela Kuti,” he said.

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