News Archives

Unbanked Nigerians reduce, as Heritage Bank targets 1, 000 agent banking partner in 2017

Aug 1, 2017 topnews

Heritage Bank Plc, has taken aggressive approach to support the Central Bank of Nigeria’s initiative to curb the unbanked Nigerians in the rural areas by 20 percent by 2020, thereby offering financial services to the nooks and crannies of Nigerian communities; providing access to underserved markets. The policy was sequel to a research conducted by an international agency, Enhancing Financial Innovation & Access (EFINA) in 2008 which showed that about 74 percent of Nigeria’s rural community was un-banked. Against this backdrop, the CBN therefore initiated the policy with the aim…

Foetus-in-foetus: Baby born ‘pregnant’ with his twin brother in India

Aug 1, 2017 topnews

A 19-year-old woman has given birth to a baby in India “pregnant” with his half-formed twin in a rare case that has astonished the medical fraternity in the country. Radiologist Bhavna Thorat said some mass with the presence of bones was discovered early July in the then foetus’ abdomen during a routine scan of the 19-year-old pregnant mother. “In the post-natal scans, we spotted another half-formed baby with a brain, arm and legs in a foetal sac in the baby’s abdomen. “The mother had conceived twins, but here a twin…

GTBank Celebrates 10th Anniversary Of Listing On The London Stock Exchange

Aug 1, 2017 topnews

Foremost African financial institution, Guaranty Trust Bank plc, is celebrating the 10th anniversary of its listing on the London Stock Exchange whereby the Bank became the first Nigerian bank to be listed on the London Stock Exchange (LSE), the first to dual list on an international exchange and the first Nigerian company to raise international capital using listed Global Depositary Receipts. To mark the pioneering feat, the MD/ CEO of GTBank, Mr Segun Agbaje led the Market Open Ceremony at the LSE on Friday, July 28, 2017, accompanied by senior…

Thugs invade Kaduna NUJ Secretariat, beats up journalists

Jul 31, 2017 topnews

Two Senators and some journalists we’re attacked yesterday by armed thugs at the Kaduna State Council of the Nigerian Union of Journalists, NUJ, secretariat, disrupting a press conference being addressed by the two Senators, Shehu Sani and Othman Hunkuyi on the outcome of the recently held congress of All Progressives Congress, APC. The thugs, who were allegedly led by a Divisional Police Officer, destroyed the video camera of Liberty Television crew, injured the cameraman, Lawal Muhammed, damaged several cameras and injured two other reporters. The thugs also broke doors, windows…

Cargoes worth over N5 trillion stranded in Lagos port

Jul 31, 2017 topnews

Due to the inability of importers to evacuate containers, over two million containers laden with various cargoes worth over N5 trillion are currently stranded at the Lagos port complex. Investigations showed that many of the cargoes are now incurring demurrage after enjoying three rent-free days from the day of discharge. The containers continue to accumulate due to the blockade of ports’ access roads for repairs. This situation, according to experts, portends grave danger for the Nigerian economy, as it will trigger inflation and further discourage importers from choosing Nigeria as…

Released model college students narrates ordeal in kidnappers den: Some of our captors also wore uniforms

Jul 30, 2017 topnews

After 64 days in captivity, one of the six students of Lagos Model College, Igbonla, Epe, yesterday, narrated their horrifying experience in kidnappers’ den. According to him, they were held in three camps at different times. The boy, who spoke anonymously because the released students had allegedly been asked not to speak to journalists by security agents, said they were beaten by their captors and starved of food because their parents refused to pay the ransom the kidnappers demanded. The students, abducted on May 25 after some gunmen stormed their school,…

Bill Gates takes over again as world’s richest person as Bezos’s reign was short-lived

Jul 30, 2017 topnews

The reign of Amazon.com Inc. founder Jeff Bezos as the world’s richest person on Thursday only lasted for a few hours as Microsoft founder, Bill Gates takes over the number one spot again. Shares of the online retailer had surged as U.S. markets opened, and climbed as much as 2.9 percent just before noon in New York, giving Bezos a net worth of $92.3 billion. Then, with investors bracing for the Seattle-based company to report second-quarter results after the close, the shares tumbled. Amazon fell 0.7 percent on the day,…

42 homosexuals arrested in Lagos hotel

Jul 30, 2017 topnews

Police have confirmed the arrest of 42 men allegedly involved in homosexual acts at a hotel at Weigh Bridge in Owode Onirin area of Lagos State. It was learnt that the hotel, Vincent Hotel, where they were caught in the act had been sealed off. The Lagos State Police Public Relations Officer, Olarinde Famous-Cole, confirmed the arrest. He added that the suspects had been handed over to the state task force for prosecution. He said, “It is true. About 42 suspected homosexuals were arrested and the hotel has been condoned…

2017 Budget comments: Fashola apologises

Jul 29, 2017 topnews

Mr. Babatunde Fashola, Minister of Power, Works and Housing, yesterday apologised to members of the House of Representatives over his comments on this year’s budget. He was quoted by the media to have condemned the reviews of some estimates in the budget by the National Assembly. Appearing before a panel of the House, headed by Aliyu Madaki (APC, Kano), following a summon for making what they described as unguarded comments, Fashola said he had referred to the spokesperson of the House, Abdulrazak Namdas, in describing the members as possessing “stark…

Ogun monarch sacked, court reinstates another

Jul 29, 2017 topnews

The Olosun of Ososun in Ifo, Oba Alani Solanke has been sacked by Ogun State High Court sitting in Ota, Ado-Odo local government area of the state. The court described his installation as null and void. Presiding judge, Justice Nosiru Agbelu in his judgement in a suit filed by Chief Taofeek Fashion against the sacked Oba, restrained him from parading himself as the Oba of the town. Justice Agbelu also declared that the Osile of Oke-Ona Egba ,Oba Dr. Adedapo Tejuoso remains the prescribed authority of Ososun and all the…