Category: News

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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Senate rejects Onochie’s nomination as INEC Commissioner

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Nigerian Senate bowed to pressure from Civil Society Organisations, the Peoples Democratic Party, PDP and other Nigerians and refused to confirm the Special Assistant on new media to President Muhammadu Buhari, Lauretta Onochie from Delta as a Commissioner of the Independent National Electoral Commission, INEC. The refusal was based on Federal Character Principle and to adhere strictly to the Act, just as the Senate said that she is from Delta and the state has May Agbamuche who is the Chairman, Legal Services, INEC. Chairman of the Senate Committee on INEC,…

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Governor’s convoy arrest traffic robbers in Lagos

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The Lagos State Governor Mr Babajide Sanwo-Olu’s convoy on Monday arrested a gang of suspected criminals, who specialised in harassing motorists and road users in traffic. This was made known in a statement by the governor’s Chief Press Secretary, Gbenga Akosile. The statement reads, ”The gang of suspected criminals met their waterloo Monday while attempting to unleash terror on a motorist around Ojota in-bound Alausa. “Help, however, came for the motorist as Governor Sanwo-Olu’s convoy approached the scene to rescue him from the three machete-wielding criminals who were at the…

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Ataga’s murder: Chidinma makes U-turn, denies killing Ataga

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Chidinma Ojukwu, the suspected killer of the Chief Executive Officer of Super TV, Usifo Ataga, has made a U-turn on her previous confessions. In a video that went viral on Monday, the undergraduate denied killing the Super TV CEO – a claim that is contrary to her initial confession. When she was paraded at the police command headquarters on June 24, the suspect admitted to stabbing the 50-year-old in the neck with a knife after a disagreement. The Lagos State Commissioner of Police, Hakeem Odumosu, has described the new claims…

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N6.5bn worth of heroin intercepted at Lagos airport

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  A consignment of 26.150 kilogrammes of heroin with a street value of over N6.5 billion has been intercepted by operatives of the National Drug Law Enforcement Agency (NDLEA), at the SAHCO shed of the Murtala Mohammed International Airport (MMIA), Ikeja, Lagos. The illicit drug arrived Lagos in 25 parcels from South Africa through an Air Peace flight on June 30, and was detained for screening following reasonable suspicion of the content of the consignment. The agency’ Director, Media & Advocacy, Femi Babafemi, said in a statement that a follow-up…

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Coronaviirus: Dreaded Delta variant hits Oyo as Lagos slips into third wave

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Oyo State COVID-19 Task Force has uncovered the virulent Delta variant of coronavirus in the state. The State Incident Manager and coordinator of the Emergency Operations Centre, Dr. Olabode Ladipo, who confirmed this development yesterday, said the public is notified of the need to take extra caution and consistently apply all advisories earlier released by the task force. The Delta variant is a highly transmissible variant of COVID-19 originating from India and it infects people more rapidly than the other known COVID-19 variants. This is coming after the Federal Government…

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