Day: July 14, 2021

NGX Welcomes Guaranty Trust Holding Company Plc with Closing Gong Ceremony

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The Nigerian Exchange (NGX) Limited, on Tuesday, July 13, marked the listing of Guaranty Trust Holding Company Plc’s (“GTCO Plc”) shares with a Closing Gong Ceremony on the main floor of the exchange. This follows the completion of all regulatory requirements for the corporate reorganization of the leading financial institution into a holding company structure and the listing of GTCO Plc, on the Nigerian Exchange (NGX) Limited and the London Stock Exchange, replacing Guaranty Trust Bank Plc. Guaranty Trust was first listed on the Nigerian Exchange in 1997, winning the…

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HOW CUSTOMERS’ INCREASED TRUST IN FIRSTBANK’S *894# USSD BANKING CAN BOOST THE FINANCIAL INCLUSION DRIVE

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The path to financial inclusion holds different marketplace barriers and opportunities in different countries, but the push continues because of proof that an increase in economic activities among the financially vulnerable can reawaken a comatose economy. For Nigeria, the last three years have seen significant growth of the financial inclusion rate from 56.8% in 2016 to 63.2% in 2018. FirstBank’s *894# USSD banking service is playing a key role in it. FirstBank’s *894# USSD banking initiative is already averaging about 99 million transactions monthly, with a naira worth of (N’m)…

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Death toll rises to 72 in South Africa violence outbreak

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The violent outbreak in South Africa which has been running for the past five days, has left about 72 people dead. Stores and warehouses in South Africa were hit by looters on Tuesday despite the troops President Cyril Ramaphosa deployed to try to quell the unrest. As pillaging erupted in the economic capital of Johannesburg and the southeastern province of KwaZulu-Natal, South Africa’s main opposition accused radicals of stoking the unrest. The armed forces were sending 2,500 soldiers to help the overwhelmed police. But these numbers are dwarfed by the…

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Panic in UNILAG as medical centre confirms surge in covid-19 patients

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There was panic at the University of Lagos (UNILAG), yesterday, following claims that some students have contracted COVID-19, while authorities also confirmed there has been a recent increase in the number of persons within the university community, who have presented with symptoms of COVID-19 infection. Already, some students said about six of their colleagues from Onas, Moremi and Amina hostels have tested positive to the virus and have been sent to an isolation centre. Once a student is confirmed positive, others sharing the same room with the student are sent…

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30 arrested by EFCC over fraud

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Operatives of the Economic and Financial Crimes Commission have arrested no fewer than 30 suspects during a raid on Parktonian Hotel in the Lekki area of Lagos State. During the raid on Tuesday, the operatives were alleged to have gained entry into the occupants’ rooms by seizing the master cards from the management of the hotel at gunpoint. When the operatives gained entry into the rooms, it was learnt that some of the occupants were naked under the duvet as the operatives interrogated the occupants. One of the victims, while…

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