Guaranty Trust Holding Company Plc (“GTCO Plc” or the “Group”) (NGX: GTCO) is pleased to announce the successful completion of the first tranche of its equity capital raise programme, following the completion of the capital verification exercise conducted by the Central Bank of Nigeria (CBN) and the approval of the Basis of Allotment of the Offer by the Securities and ... Read More »

As part of its commitment to fostering inclusivity, Fidelity Bank Plc has inaugurated the Bundles of Joy programme, a groundbreaking initiative aimed at creating supportive spaces and activities for children with special needs while addressing the psychological and emotional well-being of their parents and caregivers. The first session of the programme was held over the weekend at a dedicated facility ... Read More »

Autonomy drive not to take councils away from states NGF aligns with President’s leadership for progress Governors are critical to food security and prosperity, President Bola Ahmed Tinubu said yesterday. He reminded them that their leadership at the subnational level is central to achieving rapid national growth. He expressed gratitude for their collaboration while highlighting key areas requiring joint effort. ... Read More »

President Bola Ahmed Tinubu this morning listed his goals for 2025, the top of which is to cut the cost of food and essential drugs. In his New Year message, broadcast on national television and radio stations, he reaffirmed that his administration was determined to reduce inflation from 34.6 to 15 per cent. He vowed to consolidate and increase access ... Read More »

… Domestic refiners would be forced to reduce Prices – Marketers Oil marketers and the Nigerian Midstream and Downstream Petroleum Regulatory Authority have said the prices of refined petroleum products are to drop further following the commencement of operations at the Warri Refining and Petrochemicals Company Limited. Dealers in the downstream oil sector said competition in the space would now ... Read More »

A Federal High Court in Abuja has granted the Economic and Financial Crimes Commission (EFCC)’s application to freeze 67 banks accounts domiciled in different banks over alleged N52.9 million fraud. Justice Emeka Nwite granted the application after the EFCC’s lawyer, Martha Babatunde, moved an ex-parte motion to the effect. Newsthumb reports that the motion ex-parte, marked: FHC/ABJ/CS/1895/V/2024, was filed by ... Read More »

The World Bank has fully disbursed a $1.5bn loan to Nigeria following the Federal Government’s implementation of key reforms, including removing fuel subsidies and introducing comprehensive tax policies. The loan, part of the Reforms for Economic Stabilisation to Enable Transformation Development Policy Financing initiative, is among the fastest disbursements Nigeria has received with both tranches released in less than six ... Read More »

By Oladapo Sofowora First Bank of Nigeria Limited proudly sponsored a remarkable stage play titled ‘Our Duke Has Gone Mad Again: A Biting Satire.’ This captivating performance was masterfully directed by the acclaimed Joseph Edgar, widely recognised as The Duke of Shomolu. The play received high praise for its creative ingenuity and sharp satirical brilliance, effectively delivering a meaningful message ... Read More »

President Bola Tinubu has cancelled all his official engagements in Lagos, including his planned attendance at the 2024 Lagos Boat Regatta, to honour the victims of the tragic stampedes in Abuja and Okija, Anambra State. The twin tragedies claimed several lives and left many injured, prompting the President to forgo the regatta, which he was set to watch from the ... Read More »

A Nigerian citizen, Engineer Umar Abubakar, whose heart is drawn towards President Bola Ahmed Tinubu’s capability to proffer needed solutions to Nigeria’s challenges, currently joins his voice to numerous lovers and die-hard believers of the All Progressives Congress political leader and declares support for the President’s sagacity in finding a lasting solution to Nigeria’s power problems. In his words, Eng. ... Read More »