Guaranty Trust Holding Company Plc (NGX: GTCO; LSE: GTCO), today announced that it has increased its investment in its wholly owned Banking subsidiary, Guaranty Trust Bank Limited (GTBank) to ₦504 billion through a rights issue subscription for 6,994,050,290 ordinary shares of fifty kobo each made by GTBank for a total consideration of ₦365,850,403,572.67, thus increasing…
By Ovat Abeng Fadaella Foods Ltd, maker of the pioneering Fadaella Oatmilk Biscuits, has unveiled a premium chocolate line, branded FADAELLA BEST CHOCS, to mark the 8th anniversary of its flagship biscuit in Nigeria and to deepen its play in the snack market. The new premium brand launches in four variants: chocolate, coffee, white chocolate,…
Guaranty Trust Holding Company Plc (GTCO Plc), Africa’s leading and most profitable Financial Services Group, has recorded a significant milestone in its growth and expansion journey with the successful admission of its Ordinary Shares to the Equity Shares (International Commercial Companies Secondary Listing) category of the Official List of the Financial Conduct Authority (FCA) and…
While every industry must grapple with how new technologies, such as artificial intelligence, will affect the nature of their work, fintech firms face a special challenge. Companies like Flutterwave, Africa’s leading payments technology company, must anticipate how new breakthroughs might be used to commit cybercrimes. Staying vigilant against potential threats means investing heavily in understanding…
By David Ogar Rayfield Gardens City Estate emerged victorious as the best footballing community in the 2024 Gate Africa Estate Cup, defeating Olubadan Estate 2-0 in the Oyo State capital last weekend. The two-day tournament, featuring eight top estates in Ibadan, was organised by Gate Africa Technology, a platform that regulates access control, management, and…
By Ben Nsemo The Nigerian National Petroleum Company (NNPC) Ltd. has officially recommenced operations at the Port Harcourt Refining Company (PHRC), marking a critical milestone in the nation’s drive towards energy independence. The re-streamed facility has started processing crude oil and distributing petroleum products to the market. On Tuesday, the refinery in Port Harcourt began…
By Ben Nsemo The Nigerian National Petroleum Company Limited (NNPC Ltd) has addressed Nigerians, expressing gratitude for their support following the successful restart of the Old Port Harcourt Refinery, which had faced years of inactivity. In a statement by Olufemi Soneye, Chief Corporate Communications Officer, the company dismissed claims alleging that the refinery is not…
As hunger bites harder and the prices of food pummels in the market, Dr Glory Edet, Honourable Commissioner for Agriculture, Akwa Ibom State has resolved to sell garri which is now a hot cake in Nigeria. Dr Edet was sighted on Thursday at Idongesit Nkanga Secretariat, Uyo, selling garri to Uyo residents who turned out…
No fewer than 1,300 direct job opportunities are to be created for the teeming youths in Akwa Ibom State at the St. Gabriel’s Coconut Factory when it becomes operational in September this year. Governor Udom Emmanuel made this known on Friday while inspecting the installation of production lines at the Coconut Factory located in Mkpat…
The Cross River State Water Board Limited (CRSWBL) has concluded plans towards the production of its bottled water. The move is in line with its policy thrust which is to serve a broad spectrum of institutions and customers with portable water supplies. The Managing Director of CRSWBL, Chief Victor Effiom-Ekpo who announced this in Calabar…