Lagos State Governor, Mr. Babajide Sanwo-Olu, has urged existing and potential investors to continuously see Lagos, “the crown sub-national jewel of the African economy,” as a choice place for investments. He said Lagos State is the right place for investments in FinTech, EdTech, Health-Tech, Business Process Outsourcing (BPO), Talent Training and Placement, or Physical Infrastructure like Data Centers, among others. “It is always my very great pleasure to engage with existing and potential investors and business people in Nigeria, and most especially, Lagos State, the crown subnational jewel of the African economy. I am sure many of you will be…
Author: Olamide Obayemi
By Abimbola Ogunnaike The Independent National Electoral Commission (INEC) has summoned the Adamawa Resident Electoral Commissioner, Barrister Hudu Yunusa, over the declaration of the election held Saturday, 15 April, 2023. The commission disclosed this on Sunday, 16 April, 2023 via its Twitter handle, explain that that the process has clearly not been concluded before he made the announcement. “The attention of the Commission has been drawn to a purported declaration of winner in the Adamawa Governorship election by the Resident Electoral Commissioner (REC) even when the process has clearly not been concluded. “The action of the REC is a usurpation…
By Abimbola Ogunnaike The Governor of Adamawa State, Ahmadu Fintiri, has said the decision of the Resident Electoral Commissioner (REC) of the state, Yunusa Ari, to declare a winner in the governorship supplementary election is “illegal and provocative”. Fintiri called on President Muhammadu Buhari to intervene, urging him not to “shy away from this”. “We call on him to make a statement; we call on him to take a decision. I believe he will not be party to this,” he said. Fintiri, who is the candidate of the Peoples Democratic Party (PDP), stated this during a press conference on Sunday,…
By Abimbola Ogunnaike Nigerian singer, Divine Ikubor, famously addressed as Rema, has revealed that he made his first one million naira at the age of 17 and gave all the money to his beloved mother. The Dumebi exponent, and whose one of his songs titled ‘Calm Down’ is rave of the moment worldwide, disclosed this in a recent interview with Z100 New York. “The person who I knew needed it more was my mum. So, I handed everything I made to her. I know it was cool to drive around the city as a 17-year-old in a cool whip. But…
The Queens College in the Yaba area of Lagos state has been reported gutted by fire. According to the report, the fire started in a two-room boys’ quarter located behind the staff quarters of the all-girls school. The affected rooms are used for lodging as well as a store. The Director, Lagos Fire and Rescue Service, Margaret Adeseye, who confirmed the incident, said there was no casualty recorded. Adeseye, said, men of the state fire service quickly controlled the incident and put out the fire. According to her, “The cause of the fire today, is yet to be ascertained. Meanwhile,…
Reports Profit Before Tax of ₦214.2billion and FY Dividend of ₦3.10 Guaranty Trust Holding Company Plc(“GTCO” or the “Group”) has released its Audited Consolidated and SeparateFinancialStatementsfortheyearendedDecember31,2022,totheNigerianExchangeGroup (NGX) and London Stock Exchange (LSE). TheGroupreportedprofitbeforetaxof₦214.2billion,representing3.3%dipfrom₦221.5billionpostedin the corresponding year ended December 2021 on the back of ₦35.6bn impairment recognised on Ghanaian sovereign securities. The Group’sloan book (net)increased by4.6% from ₦1.80trillion asatDecember 2021to₦1.89trillion in December2022, whiledepositliabilitiesgrew by11.6%from₦4.13trillionto ₦4.61trillionduringthe same period. The Group’s balance sheet remains well-structured and resilient with total assets and shareholders’ funds closing at ₦6.45trillion and ₦931.1billion, respectively. Capital Adequacy Ratio (CAR) remained very strong,closingat24.1%.Similarly,assetqualitywassustainedasIFRS9Stage3Loansratio(NPLs) improved to5.2% inDecember2022from 6.0%inDecember2021,however,CostofRisk(COR)inched upmarginallyto0.6%inFY-2022from0.5%inDecember2021duetoimpactofworsenedmacroson PDs. Commentingontheresults,theGroupChiefExecutiveOfficerofGuarantyTrustHoldingCompanyPlc…
BY Abimbola Ogunnaike Cristiano Ronaldo’s girlfriend, Georgina Rodriguez has revealed how the football superstar refused to buy her a particular gift she requested for, Miss Rodriguez, who has two kids for the superstar footballer, said the former Real Madrid and Juventus highest earner refused to buy her a bag despite her request. The reason behind the former Manchester United’s denial was that he believed his girlfriend already had too many bags. The Argentine model has previously shown that she possesses around 150 bags. She told El Hormiguero, “I asked for the same one I have but bigger. He told me,…
In a bold move to challenge colonial narratives that have long claimed the discovery of African landmarks, a Nigerian man living in the United Kingdom has discovered a new lake in Leicester, East Midlands, and named it Iyi Ojemba. Mazi Uba Acho, a native of Igbo Naton in West Africa, posted on Facebook about his discovery, highlighting the absurdity of the colonialist mindset that sought to claim discovery of places already known to local communities. He cited examples of Mungo Park’s claim to discovering the River Niger in Nigeria and David Livingstone’s claim to discovering the Zambezi River and Victoria…
Some Civil Society Organisations have protested Nigeria’s borrowing at the 2023 edition of the World Bank Group Spring Meetings on Washington DC, United States of America. The protesters were led by the Executive Director of Civil Society Legislative Advocacy Centre, Aural Musa Rafsanjani. On the protest, which took place on the sidelines of the World Bank and International Monetary Fund meetings, Rafsanjani told newsmen that the representatives of civil society groups in Africa had a unique session with the Bretton Woods Institutions, where the issues of accountability and governance in respect of debt was discussed. He said: “The Nigerian economy…
By Abimbola Ogunnaike Kano State Governor, Abdullahi Umar Ganduje of the ruling All Progressive Congress(APC) has asked the people of the state to forgive him as he prepares leaving office after eight years in power. Ganduje state this during a Ramadan Tafseer in Al-Fruqan Jumaat Mosque, Alu Avenue in the state. The Governor said he has very few days to leave office, hence the need to seek forgiveness, added that on his side, he had forgiven anyone who offended him and he wanted them to also forgive him. “With this, I can say that the end of my tenure has…