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Access Bank, Others Migrate To NSE Premium Board

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7 years ago

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Access Bank Plc and three other companies have migrated to the Nigerian Stock Exchange (NSE) Premium Board, making it a total of seven companies.
Reports say that the bank migrated alongside United Bank of Africa (UBA), Lafarge Africa and Seplat, following their applications and meeting up with NSE listing requirements for the board.
Other companies listed on the Premium Board include Dangote Cement, FBN Holdings and Zenith International Bank which migrated to the board in 2015.
Commenting on the migration, the Managing Director, Access Bank, Mr Herbert Wigwe, said that the bank was pleased to have attained the status.
“We have always adhered to international corporate governance best practices, which is in line with our aspiration to become Africa’s gateway to the World,” Wigwe said.
He said that Access Bank and three other comapnies Lafarge Africa, Seplat and UBA had all passed the Corporate Governance Rating System (CGRS).
Seplat chairman, Dr ABC Orjiako, said that the company would always adhere to international corporate governance best practices in every area of its operations.
Orjiako said that conformity with rules and processes were critical to its historic dual listing on the NSE and London Stock Exchange in 2014.
“I am glad to see our company Seplat, be the first company in the oil and gas segment to attain the Premium Board of The NSE,” he said.
The NSE Chief Executive Officer, Mr Oscar Onyema, said that the migration affirmed the strides that listed companies were making toward meeting the highest standards of corporate governance.
Onyema said that the new companies had consistently demonstrated their inherent values to be globally competitive brands.
“Companies on the board are already enjoying the highest levels of visibility”
From inception to date, the Premium Board Index continues to outperform the benchmark of NSE ASI with the Premium Board recording a total return of 84.99 per cent versus the NSE ASI’s 41.79 per cent as at April 11.
“This is a journey we started in 2015, I know a lot of companies would migrate to the Premium Board, while new companies would be coming directly.
We will come here in five years time with more companies in Premium Board,” he said.
He added that they had market capitalisation of N347.12 billion, N378.60 billion, N391.37 billion and N374.48 billion respectively.
Reports say that the Premium Board is the listing segment for the elite group of issuers that meet the exchange’s most stringent corporate governance and listing standards.

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Kenyan Runners Dominate Berlin Marathons

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18 hours ago

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September 22, 2025

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Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.

Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.

The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.

Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.

“I did my best and I am happy for this performance,” said Sawe.

“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”

Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.

In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.

Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.

Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.

 

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NIS Ends Decentralised Passport Production After 62 Years

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18 hours ago

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September 22, 2025

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The Nigeria Immigration Service (NIS) has officially ended passport production at multiple centres, transitioning to a single, centralised system for the first time in 62 years.
Minister of Interior, Dr Olubunmi Tunji-Ojo, made the disclosure during an inspection of the Nigeria’s new Centralised Passport Personalisation Centre at the NIS Headquarters in Abuja, last Thursday.
He stated that since the establishment of NIS in 1963, Nigeria had never operated a central passport production centre, until now, marking a major reform milestone.
“The project is 100 per cent ready. Nigeria can now be more productive and efficient in delivering passport services,” Tunji-Ojo said.
He explained that old machines could only produce 250 to 300 passports daily, but the new system had a capacity of 4,500 to 5,000 passports every day.
“With this, NIS can now meet daily demands within just four to five hours of operation,” he added, describing it as a game-changer for passport processing in Nigeria.
“We promised two-week delivery, and we’re now pushing for one week.
“Automation and optimisation are crucial for keeping this promise to Nigerians,” the minister said.
He noted that centralisation, in line with global standards, would improve uniformity and enhance the overall integrity of Nigerian travel documents worldwide.
Tunji-Ojo described the development as a step toward bringing services closer to Nigerians while driving a culture of efficiency and total passport system reform.
According to him, the centralised production system aligns with President Bola Tinubu’s reform agenda, boosting NIS capacity and changing the narrative for improved service delivery.
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FG To Roll Out Digital Public Infrastructure, Data Exchange, Next Year 

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18 hours ago

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September 22, 2025

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The National Information Technology Development Agency (NITDA) has announced plans to roll out Digital Public Infrastructure (DPI) and the Nigerian Data Exchange (NGDX) platforms across key sectors of the economy, starting in early 2026.
Director of E-Government and Digital Economy at NITDA, Dr. Salisu Kaka, made the disclosure in Abuja during a stakeholder review session of the DPI and NGDX drafts at the Digital Public Infrastructure Live Event.
The forum, themed “Advancing Nigeria’s Digital Public Infrastructure through Standards, Data Exchange and e-Government Transformation,” brought together regulators, state governments, and private sector stakeholders to harmonise inputs for building inclusive, secure, and interoperable systems for governance and service delivery.
According to Kaka, Nigeria already has several foundational elements in place, including national identity systems and digital payment platforms.
What remains is the establishment of the data exchange framework, which he said would be finalised by the end of 2025.
“Before the end of this year and by next year we will be fully ready with the foundational element, and we start dropping the use cases across sectors,” Kaka explained.
He stressed that the federal government recognises the autonomy of states urging them to align with national standards.
“If the states can model and reflect what happens at the national level, then we can have a 360-degree view of the whole data exchange across the country and drive all-of-government processes,” he added.
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