Stanbic IBTC Bank PLC, a member of Standard Bank Group, has opened a new branch in the Lekki Free Trade Zone (LFTZ), Ibeju-Lekki axis of Lagos State. The new branch will serve the banking and pension needs of the financial institution’s current and prospective clients along the LFTZ corridor and environs. Demola Sogunle, Chief Executive Stanbic IBTC Holdings PLC, said ... Read More »

Guaranty Trust Holding Company plc (GTCO Plc), is pleased to inform The Nigerian Exchange Limited and the investing public of the completion of the acquisition of 100% shares in Investment One Funds Management Limited (“the Acquisition”). Commenting on the completion of the Acquisition, Mr. Segun Agbaje, Group Chief Executive Officer of GTCO Plc said “We are excited about our foray ... Read More »

…..He arrives Lagos in good health Former Governor of Lagos State, Asiwaju Bola Ahmed Tinubu, who has declared interest to run for President of Nigeria in 2023 has arrived Lagos, Nigeria after spending 10 days abroad. The former governor left Lagos few days after he met with President Muhammadu Buhari to inform him of his intention to run as president ... Read More »

… Falana Vows To Pursue Justice Free Of Charge The family of Timothy Adegoke, the MBA student of the Obafemi Awolowo University, Ile-Ife, Osun State, who was murdered at Hilton Hotel and Resorts on November 6, 2021, has hired human rights lawyer, Femi Falana (SAN) as the family lawyer. This was contained in a letter dated February 3, signed by ... Read More »

The Nigerian football federation has retained Augustine Eguaveon as the super eagles coach following his outing with the team at the ongoing African Cup Of All Nations. Before he led the team to Cameroun for the competition, NFF had employed Jose Pesiero to be the head coach for the super eagles team but was ultimately dismissed after eagle’s return from ... Read More »

Wema Bank unaudited financial report for the 2021 operations just released shows a top industry record growth of 94 per cent in after-tax profit from N4.6 billion in 2020 to roughly N9 billion for the year. This is a confirmation of our earnings outlook for the bank based on the interims that a star performance for the 2021 financial year ... Read More »

The Oyo State Police Command has arrested 12 suspects alleged linked to cases of kidnapping at Onigari in Oluyole Local Government Area on the Lagos-Ibadan Expressway. Commissioner of Police in the state Mrs. Ngozi Onadeko paraded the suspects yesterday at the Command’s Headquarters, Eleyele, Ibadan. The Command also paraded 20 other suspects involved in alleged conspiracy, armed robbery, murder, and ... Read More »

The opening month of 2022 revealed a solid expansion in Nigeria’s private sector. Output continued to rise at a robust pace thanks to larger workforces as well as supportive domestic and international demand conditions. However, cash shortages weighed on new orders, which rose at the softest rate for a year-and-a-half. Nevertheless, firms remained committed to raising output and stockpiled inputs ... Read More »

..Pledges Support for Frontier Exploration The Senate Committee on Petroleum Resources (Upstream) has commended the Nigerian National Petroleum Company Limited (NNPC Ltd) for repositioning the Nigerian oil and gas industry into a competitive business environment. The Chairman of the Committee, Senator Bassey Albert Akpan, gave the commendation when he led members of the Committee on an oversight visit to the ... Read More »

The Deputy Chief Executive of Geregu Power Plc and previously Group Executive Director Finance & Risk Management of Forte Oil Plc (now Ardova Plc) has joined FBN Holdings Board as a Non-Executive Director following the approval of his appointment by the Central Bank of Nigeria according to the notification sent by the company secretary to the NGX. JB is a ... Read More »