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Author Archives: seun

GTCO PLC Launches Public Offer to Raise N400.5Billion

Lagos, Nigeria – July 15, 2024 – Guaranty Trust Holding Company plc (“GTCO PLC” or the “Issuer”) (NGX: GTCO) today announced the opening of its Offer for Subscription of 9,000,000,000 Ordinary Shares of 50 kobo each at N44.50 per Ordinary Share (the “Offer”) following the clearance of the Offer Prospectus and registration of the Offer Shares by the Securities and ... Read More »

LAGOS, CIG MOTORS SIGN JOINT VENTURE DEAL TO ROLL OUT 5,000 NEW SMART TAXIS

•Sanwo-Olu: ‘We’re changing Lagos transport narrative with $260 million investment’ •New LAGRIDE operations to include car pooling, logistics services The comfort and convenience passengers derived riding in Lagos Ride (LAGRIDE) — an e-hailing taxi scheme operated by the Lagos State Government — is about to get better with the making of a new investment into the transport initiative. Governor Babajide ... Read More »

LASG WILL DEEPEN RELATIONSHIP WITH INDIA FOR HUMAN CAPACITY BUILDING, SAYS SANWO-OLU

•We’ll strengthen bilateral relationship with Lagos – High Commissioner Lagos State Governor, Mr. Babajide Sanwo-Olu, said on Monday that his administration will deepen its relationship with the Indian government culturally, economically, and medically for knowledge sharing and human capacity building. Governor Sanwo-Olu, who commended the Indian companies in Nigeria for being the second largest employer of labour after the Federal ... Read More »

Nigerian Senate Replaces Chief Whip Ndume with Monguno Amid Controversy

The Nigerian Senate has removed Senator Mohammed Ali Ndume from his position as Chief Whip and replaced him with Senator Mohammed Tahir Monguno. The decision comes after a letter of complaint against Ndume’s “unbecoming utterances” was read by the President of the Senate. The removal of Ndume, who represents Borno South, and his replacement by Monguno, also from Borno state, ... Read More »

Lagos State Debunks Monthly Environmental Sanitation Rumors

Lagos State Government on Wednesday debunked a viral fake news on social media, stating emphatically that the State has not re-introduced the monthly environmental sanitation and is not starting any movement restriction by July ending. In a statement signed by the State Commissioner for the Environment and Water Resources, Tokunbo Wahab, he stated that the viral news is the work ... Read More »

Yahaya Bello Seeks Appeal Court Intervention to Vacate Arrest Warrant Issued by EFCC

The arraignment of the immediate past Governor of Kogi State, Alhaji Yahaya Bello, over the alleged N80 billion money laundering charges made against him by the Economic and Financial Crimes Commission (EFCC), scheduled for tomorrow (Wednesday) may be stalled again, as Justice Emeka Nwite of the Federal High Court, Abuja, has been asked to adjourn indefinitely, proceedings in the charge, ... Read More »