Category: News

GTBank Listed Among Top 25 Banks In Africa, 1000 Global Banks

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Guaranty Trust Bank Plc, GTBank, has been ranked among The Banker Magazine’s Top 25 Banks in Africa that was released last night, in the magazine’s 2017 1000 Global Banks’ ranking. Other banks on the lists are Zenith Bank Plc, FirstBank Nigeria, Access Bank, United Bank for Africa Plc and Diamond Bank Plc. According to the ranking, GTBank was ranked the third in Nigeria, 13th in Africa and 588th in the world. According to The Banker, Africa’s leading economies faced adverse conditions over the 2016 review period, as low commodity prices…

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First lady’s hurried trip to London confirms Buhari’s health has deteriorated– Fayose

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Ayodele Fayose, Ekiti State Governor, has said that the hurried trip to London by First Lady, Mrs Aisha Buhari was a confirmation that President Muhammadu Buhari’s health had deteriorated, saying that “It is six days since I addressed the press and today, I still insist that the President is indeed on life-support.” Special Assistant to the Governor on Public Communications and New Media, Lere Olayinka said the governor, who addressed some journalists in Lagos on Monday, insisted that “The worsen condition of the President’s health necessitated the hurried trip of…

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INEC releases timetable for recall of Dino Melaye

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Despite a lawsuit instituted by Senator Dino Melaye to stop INEC from proceeding with the process, the Independent National Electoral Commission on Monday released a timetable for the recall of the Senator from the Senate. According to the timetable, the process will begin on July 10 with notice of verification of constituents to be posted at INEC’s Lokoja office and end on August 19 with the conduct and announcement of the outcome of the verification of the constituents who want the senator out of the Senate. The constituents of the…

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Nigeria Customs commences Electronic Auction of Seized Goods

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The electronic auction of seized goods has commenced by the Nigerian Customs Service (NCS) on Monday. This was made known by the Comptroller-General of Customs (CGC), Col. Hameed Ali (rtd). Ali, who unveiled the e-auction platform in Abuja, stated that the system would confer the seal of transparency on the auctioning of goods seized by the NCS. However, under the arrangement, only interested members of the public with Tax Identification Number (TIN) from the Federal Inland Revenue Service (FIRS) are eligible to bid in the e-auction process . The platform,…

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Lagos unveils state-owned microfinance bank to boost small businesses

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Ibile Micro Finance Bank (MFB) has been commissioned by the Lagos State government at the weekend to boost inclusion and aid to micro, small and medium scale enterprises (MSMEs) in the state. Commissioner for Finance, Akinyemi Ashade disclosed that the initiative was aimed at reducing poverty and unemployment in the state. His words “This is another milestone in the history of financial inclusion of Lagos State. Recently, the committee on financial inclusion put together by the Central Bank of Nigeria (CBN) visited the state and observed that about 70 per…

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Elumelu urges support for African businesses, lauds Afrexim Bank for Contributions to Cross-border Trade

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Mr. Tony Elumelu, Chairman of Heirs Holdings and the Tony Elumelu Foundation, has congratulated Afrexim at the just concluded Annual General Meeting of the African Export-Import Bank (Afreximbank) held in Kigali, Rwanda, for the critical support that the bank, led by the President, Dr. Benedict Oramah, provides for African businesses and its significant contribution to the development of cross-border trade and investment in Africa. Elumelu highlighted the role of African institutions, such as Afrexim, commenting that the bank’s mission was further evidence of Africa’s own ability to provide long-term, strategic…

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Police, OPC arrests 100 Badoo cult members

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About 100 suspected members of the dreaded Badoo Boys cult have been arrested during a joint raid on the group’s hideouts by operatives of the Rapid Response Squad, RRS, of Lagos State Police Command, Anti-Robbery operatives, members of the Oodua peoples Congress, OPC, and members of vigilante groups in Ikorodu. Members of the cult had laid siege to Ikorodu and environs, unleashing an orgy of killings, during which they used heavy stones to crush the skulls of their victims. Reliable Police sources yesterday, quoted a suspected member of the dreaded…

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Access Bank gets Aa Rating from Agusto & Co.

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Access Bank Plc’s rating has been raised from “A+” to “Aa-” by foremost Nigerian rating agency, Agusto & Co. The upgrade reflected Access Bank’s strong financial profile, resilient profitability levels, and solid capital position, a statement from the bank said at the weekend. Agusto & Co. also recognised Access Bank as an institution of a very good financial condition and strong capacity to meet its obligations. The rating was further supported by the bank’s strong domestic presence, supported by an extensive branch network, good liquidity profile as well as experience…

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Ex Jonathan aide Doyin Okupe dumps PDP

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Dr. Doyin Okupe, former Senior Special Assistant on Public Affairs to Ex-President Goodluck Jonathan, has dumped the Peoples Democratic Party, PDP, saying the party has no future in Nigeria. The Ex-Jonathan’s aide who announced his resignation from the party via his Facebook page said the time has come to bid PDP good bye. He said his reasons for dumping the party is because of the internal crisis and other problems rocking it. The statement reads: “It is time to say GOODBYE TO PDP. ?It is with deep regret that I…

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ntel gets huge endorsement over #halleluyahchallenge

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ntel, Nigeria’s first 4G/LTE Advanced network received an unsolicited PR boost early in the evening of Saturday July 1, 2017. The boost came from an Instagram post made by gospel artiste, Nathaniel Bassey, and visionary behind the viral #halleluyahchallenge which ran from June 1 to June 30 2017 during which Mr. Bassey led a praise worship session via Instagram. The challenge was so successful, it notched up over 550,00 followers for the artiste, landed him a spot on CNN and saw his account verified by Instagram. In the evening tweet,…

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