Month: September 2021

2021 Audited Half Year Results: Guaranty Trust Bank Plc Reports PBT of N93.1bn

Guaranty Trust Bank Plc (“GTBank” or “the Group”), now Guaranty Trust Holding Company Plc, has released its audited financial results for the period ended June 30, 2021, to the Nigerian and London Stock Exchanges. A review of the results shows a decent performance across key financial metrics against the challenging business environment. This performance reaffirms…

I Want To Be Remembered As President Who Stabilised Nigeria, Buhari Tells South East Leaders

President Muhammadu Buhari on Thursday said that he would want to be remembered as the President who stabilised Nigeria in the area of security, economic prosperity and triumph over corruption. The President, who spoke at a town hall meeting with South East leaders during his one-day official visit to Imo State, said with less than…

Lagos Targets 50% Increase in Food Production By 2025

Determined to achieve food security in Lagos, the State Government has restated its commitment to increasing food production by 50% over the next four years, thereby creating new opportunities to feed itself and other States in Nigeria, as well as stimulating economic growth and prosperity through agriculture. The Lagos State Deputy Governor, Dr. Kadri Obafemi…

Lagos Assembly passes VAT, Open Grazing bills

The Lagos State House of Assembly on Thursday passed the State’s Value Added Tax (VAT) with Speaker Mudashiru Obasa directing the Acting Clerk of the House, Mr. Olalekan Onafeko, to transmit a clean copy to Governor Babajide Sanwo-Olu for assent. The House also passed the bill that prohibits open cattle grazing in the state. The…

EFCC Arraigns Siblings for Diverting N55m Raised for Cancer Patients

The Kaduna Zonal Command of the Economic and Financial Crimes Commission, EFCC, has arraigned two siblings for allegedly diverting donations of over N55m meant to assist cancer patients. The duo, Michael Yusuf Michael and Martha Daniel Yusuf were arraigned before Justice Hannnatu A.L Balogun on an eight count charge bordering on obtaining by false pretence.…

FG Approves Deployment of 5G Network

The Federal Executive Council has approved the National Policy on Fifth Generation (5G) Networks for Nigeria’s Digital Economy. The Minister of Communications and Digital Economy, Dr. Isa Pantami, who disclosed this yesterday while speaking with newsmen at the end of the weekly FEC meeting presided over by President Muhammadu Buhari, also revealed that the Council…

How NDLEA Intercepted N6bn Insurgents’ Drugs in Lagos Port — Marwa

Chairman/Chief Executive Officer of the National Drug Law Enforcement Agency, NDLEA, Brig. Gen. Mohamed Buba Marwa (Retd) on Wednesday 8th September, 2021 gave details of how loads of Captagon, a brand of Amphetamine meant for insurgents’ camps in Nigeria were intercepted by operatives of the Agency at the Apapa port in Lagos. Speaking at a…

Stanbic IBTC Rewards Customers for Saving

As part of its commitment to promoting a savings lifestyle, Nigeria’s leading end-to-end financial services provider, Stanbic IBTC Bank PLC, a subsidiary of Stanbic IBTC Holdings PLC, has launched a savings campaign. This campaign is to reward its customers for opening and depositing funds in their accounts. The savings campaign seeks to encourage customers to…

Akeredolu Signs Judicial, Legislature Autonomy Bills Into Law

Ondo State Governor, Arakunrin Oluwarotimi Akeredolu on Tuesday assented to the bills for the financial autonomy of the judiciary and the legislature in the state. The Governor who signed the bills into law in his office, also signed into law the bill for the establishment of the Ondo State House of Assembly Service Commission. Addressing…