Shareholders of Guaranty Trust Holding Company (GTCO) Plc, have endorsed the payment of a total dividend of N91.236 billion, representing N3.10 per share for the financial year ended December 31, 2022.This endorsement was made at the holding company’s second annual general meeting held on Thursday, virtually.The Group proposed a final dividend of N2.80 per unit of ordinary share held by ... Read More »

Operatives of the Lagos Police Command have arrested Afrobeats singer, Seun Kuti, over weekend’s alleged assault on an Inspector. Kuti drew the wrath of the police and majority of Nigerians following viral video footage him physically assaulting a policeman on Third Mainland Bridge, Saturday. The singer whose immediate arrest was ordered by the Inspector General of Police (IG) Alkali Usman, ... Read More »

Electricity Distribution Companies (DisCos) have been barred by the Nigerian Electricity Regulatory Commission from billing already disconnected customers. The ban is contained in a March 2023 document by NERC Chairman, Sanusi Garba which our correspondence obtained yesterday. In the document titled “Customer Protection Regulation 2023,” the commission said that DisCos can only bill customers when they are reconnected. Newsthumb recalls ... Read More »

Barely 24 hours after the death of a popular Nollywood actor, Saint Obi, a Yoruba popular actor and producer, Murphy Afolabi, is reportedly dead. Although no details yet about the circumstances surrounding Afolabi’s death. Meanwhile, the death of the Yoruba actor was announced by a well-known director and producer of the industry, Ola Yusuff who took to his Facebook page ... Read More »

Former Governor of Zamfara State, Abdulaziz Yari, and one of the frontline aspirants in the race for Senate presidency in the 10th Assembly has congratulated his colleagues over their election victory. This was even as the senator-elect urged them to partner with the incoming president, Asiwaju Bola Tinubu, and their constituencies to bring developments and dividend of democracy to the ... Read More »

Access Bank Plc, the flagship commercial banking subsidiary of Access Holdings Plc, yesterday formally launched its subsidiary in Paris, France, the latest in the rapid global expansion that has positioned the bank as global gateway to Africa’s financial hubs. The French subsidiary will focus on trade finance, initially capitalising on flows between Africa and France, particularly Francophone Africa. Group Chief ... Read More »

The Presidential Election Petition Court (PEPC) has fixed hearing for next Thursday in the application by the presidential candidate of the Peoples Democratic Party (PDP), Atiku Abubakar for live telecast of the court’s proceedings. While ruling on Thursday, Justice Haruna Tsammani said the application will be heard along with other applications by the respondents including those seeking the dismissal of ... Read More »

The Vice President of the Federal Republic of Nigeria, Prof. Yemi Osinbajo on Tuesday commissioned Transafam Power – a subsidiary of Transnational Corporation Plc’s 240MW Afam Three Fast Power plant in Afam, Rivers State. With an already existing power plant residing in Afam, this brings the cumulative generating capacity of the plant to 1,000MW. The Commissioning of Afam Three Fast ... Read More »

Billionaire businessman, Femi Otedola, has revealed that his offer to buy Nigerian conglomerate, Transcorp Corporation Plc, for N250bn was rejected. This came to light on Tuesday in a statement he issued to TheCable, weeks after the businessman acquired stakes in Transcorp and sold the shares. He revealed that he had bought the shares of the company because he believed in ... Read More »

Transcorp Power Limited, Nigeria’s leading power generation company, located in Ughelli Delta State, with an installed capacity of 972MW, was presented with a post-privatisation discharge certificate by the Federal Government of Nigeria, following fulfilment of all privatization conditions. Transcorp Power will no longer be subjected to post-privatisation monitoring and is the first privatized power generation company to achieve this milestone since the ... Read More »