Author: Ifetayo Adeniyi

GTCO reports N1trn profit, net income grows by 161% in 9 months Guaranty Trust Holding Company (GTCO), a tier-one bank in Nigeria has reported an after-tax profit of N1.08 trillion in the nine months of 2024 driven by interest income. According to data from the Nigerian Exchange Group (NGX), GTCO’s interest income grew by 161 percent to N980 billion, compared to N374.5 billion during the same period in 2023. The rise in interest income is attributed to increased average earning assets and a rise in average yields, analysts at CSL Stockbrokers disclosed. It added that net loans and advances to…

Nigeria, West African Nations Set To Take Up Unified Driver’s License Nigeria And West African Nations Set To Take Up Unified Driver’s License. Nigeria, alongside other West African countries, is set to adopt a unified driver’s license and vehicle registration system as part of a regional effort to streamline transportation and enhance road safety. The Federal Road Safety Corps is also collaborating with the Economic Community of West African States through the West African Road Safety Organisation to develop a Regional Vehicle Administration and Information System. The FRSC Corps Marshal, Shehu Mohammed, disclosed this at a workshop on inter-agency collaboration…

Okphebholo Inauguration Committee prepares for best show in November 12 Senator Monday Okpebholo Okphebholo Inauguration Committee prepares for best show in November 12. Committee set up for the inauguration of Senator Monday Okpebholo as the governor of Edo State has promised to put up a first-class show for the event billed to hold on November 12, 2024. Chairman of the inauguration committee, Gen Cecil Eseikhaigbe (rtd), disclosed this during an inaugural meeting of the 2024 Edo All Progressives Congress Inauguration Planning Committee for Governor-Elect Senator Monday Okpebholo. Tbis is contained in a statement released by Comrade Orobosa Omo-Ojo, Chairman of…

FG and Airport Taxi Operators collaborate on CNG conversion FG and Airport Taxi Operators collaborate on CNG conversion. The PCNGI plans to introduce various cylinder sizes to accommodate different vehicles, ultimately contributing to Nigeria’s more efficient and sustainable transportation network. Converting petrol vehicles to Compressed Natural Gas (CNG) vehicles [Spinny] In a bid towards sustainable transportation, the Nigerian government signed an agreement on Tuesday, October 29, with taxi operators at Nnamdi Azikiwe International Airport, Abuja, to convert vehicles to Compressed Natural Gas (CNG). This initiative aims to reduce airport transportation fares while promoting cleaner fuel alternatives. During the signing ceremony,…

Somkele Idhalama will feature on American sci-fi TV series The Nigerian-born actress plays ‘The Progenitor’ on Star Trek: Discovery. Actress Somkele featured as ‘The Progenitor’ in the 10th episode of ‘Life, Itself.’ Nigerian actress Somkele Iyamah-Idhalama is elated to be a part of the cast of American science fiction television series, Star Trek: Discovery. The actress plays a pivotal role in the Paramount+ adventure drama series as the ‘The Progenitor’ in the 10th episode of the fifth season titled ‘Life, Itself’. Filled with a sense of accomplishment and excitement, the Delta State-born film star and model took to her Instagram…

Mayor of Brampton gives recognition to Nkechi Blessing in Canada Nkechi Blessing Sunday Mayor of Brampton gives recognition to Nkechi Blessing in Canada. Actress Nkechi Blessing Sunday, has received a special recognition from Patrick Brown, the Mayor of Brampton, Ontario, Canada. She shared this achievement on her Instagram page, posting a heartfelt video with Mayor Brown. In the caption, Nkechi expressed gratitude to God for her success, especially in the face of doubt, acknowledging that her accomplishmentsare a testament to God’s blessings in her life. She wrote: “Yesterday I got Recognized by the Mayor of Brampton @patrickbrownont Being recognized and…

Sanwo-Olu unveils  Museum, Centre for Yoruba Heritage and Culture, demands return of Yoruba Artifacts Sanwo-Olu at J Randle Centre Sanwo-Olu unveils Centre for Yoruba Heritage and Culture, demands return of Yoruba Artifacts Lagos State Governor, Babajide Sanwo-Olu, has officially opened the museum at the J Randle Centre for Yoruba Heritage and Culture in Onikan, now accessible for public use. The museum, a key part of the Centre commissioned last year, showcases historical, artistic, and cultural artifacts of the Yoruba people. Governor Sanwo-Olu also appointed Mr. Qudus Onikeku as the Centre’s Director. Speaking during an interactive session with creative industry stakeholders…

Dangote encourages NNPC, marketers to purchase fuel from him as there’s enough Aliko Dangote Dangote encourages NNPC, marketers to purchase fuel from him as there’s enough to go round. The Chairman of Dangote Group, Aliko Dangote, on Tuesday, urged petroleum marketers, including the Nigerian National Petroleum Company Limited, to source petrol directly from his refinery to meet local demands. Dangote confirmed the refinery’s readiness to supply fuel after closed-door talks with President Bola Tinubu at the Aso Rock Villa, Abuja. He stated that the refinery can produce over 30 million litres of fuel daily at full capacity and currently holds…

Stanbic IBTC Pension Managers sponsors 9th ART X Lagos Stanbic IBTC Pension Managers, a financial institution in Nigeria, has once again demonstrated its commitment to fostering artistic expression by sponsoring the ninth edition of ART X Lagos, West Africa’s premier international art fair, which holds from 31 October to 03 November 2024. Since its inception, Stanbic IBTC Pension Managers, a subsidiary of Stanbic IBTC Holdings Plc. and a member of the renowned Standard Bank Group, has not only provided innovative pension solutions but also championed financial literacy and cultural enrichment in Nigeria. Recognizing the transformative power of art, Stanbic IBTC…

Dangote Cement, Ibese Plant, attends to Host Communities with skills enhancement for businesses Dangote Cement attends to host communities with skills enhancement. The management of Dangote Cement’s Ibese Plant has reaffirmed its commitment to advancing its local content policy, aiming to stimulate the economies of its 17 host communities through skills development and increased business opportunities for local enterprises. During a one-day capacity development workshop for local vendors, themed “Leveraging DCPI’s Processes and Procedures to Build Viable Local Businesses,” Acting Ibese Plant Director Mr. Johnson Michael expressed this commitment. Since the plant’s establishment over a decade ago, Michael noted that…