A parcel of land in Obele-Oniwala community in Lawanson area of Surulere, which was previously used as a dumpsite, has now fully transformed to luxurious residential complex. Governor Babajide Sanwo-Olu turned around what appeared to be an eyesore in the community, overhauling the site to deliver a new set of decent homes for residents. The…
Stanbic IBTC Holdings PLC, a member of the Standard Bank Group, recently held its 13th Annual General Meeting (AGM), where it presented its audited financial statements for the year ended 31 December 2024. The AGM highlighted a year marked by strong financial growth, operational resilience, and continued execution of the Group’s long-term strategic priorities. According…
The Management of NASCON Allied Industries Plc, has attributed significant growth in the dividend payout by 100 per cent to N2 per share and the company’s impressive run during the year, ending December 31, 2024, to the successful expansion of its market base. The aggressive expansion, according to the management, led to a significant increase…
A Federal High Court sitting in Lagos has adjourned the N12.3 billion loan controversy case involving the Chairman of Honeywell Group, Oba Otudeko, and three others, to June 11, 2025. Justice Chukwujekwu Aneke postponed the case to allow time for either a peaceful settlement or the formal arraignment of the suspects. The decision followed reports…
In commemoration of World Malaria Day 2025, Stanbic IBTC has launched a bold, multi-state initiative to curb the spread of malaria, Nigeria’s most prevalent vector-borne disease. The outreach, which began on 25 April – World Malaria Day, in Nchatancha, Enugu East Local Government Area (LGA), continued on 28 April in Okpanam, Oshimili North LGA, Delta…
In a bold move to redefine promotion of financial literacy, Nigeria’s retail lender, Unity Bank Plc, has unveiled GenFi, a new digital banking platform tailored to empower kids and teenagers between the ages of 8 and 18 with essential financial skills. The launch follows a report by the Central Bank of Nigeria, which found that only 38% of Nigerian…
The Lagos State Government, through the Ministry of Economic Planning and Budget, has released its budget performance report for the First Quarter (Q1) of 2025, reaffirming its commitment to transparency, fiscal discipline, and efficient public financial management. According to the report, the State generated total revenue of ₦582.45 billion in Q1 2025, reflecting 79% performance…
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has commenced a comprehensive investigation into alleged discrepancies surrounding the student loan disbursement under the Nigeria Education Loan Fund (NELFUND). This action follows a recent media report alleging that no fewer than 51 tertiary institutions were implicated in illegal deductions and exploitation related to the…
The Chairman of Dangote Sugar Refinery Plc, Aliko Dangote has revealed that the company’s turnover increased by 51 per cent to N665.6 billion for the year ended December 31, 2024, as against the corresponding figure of N441.5 billion recorded for the 2023 financial year. Speaking at the 19th Annual General Meeting (AGM) on Tuesday, Mss Bennedikter…
Guaranty Trust Holding Company Plc (“GTCO” or the “Group”) has released its Unaudited Consolidated and Separate Financial Statements for the period ended March 31, 2025, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE). The Group reported profit before tax of ₦300.4billion on the back of strong performance posted on the core earnings…