By Ovat Abeng The Founder, President and Chief Executive Officer of Coscharis Group, Dr Cosmas Maduka, has given transparency, accountability, honesty, trustworthiness and decency as reasons why Nigeria banks are lending him money without demanding for a collateral in accordance with the banking law. Maduka disclosed this while mentoring Nigeria youths on how to be…
Guaranty Trust Holding Company Plc (“GTCO” or the “Group”) has released its Audited Consolidated and Separate Financial Statements for the period ended June 30, 2025, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE). The Group recorded profit before tax of ₦600.9billion on the back of strong performance on core earning lines of…
The New Tax Acts and Tax ID – What You Need to Know The Nigeria Tax Administration Act (NTAA) mandates the use of Tax Identification Numbers (Tax ID) for certain transactions. Understandably, many Nigerians have questions about what this means for banking, businesses, and everyday life. This FAQ provides answers, clarifies misconceptions, and highlights the…
Entries for the Owan Enoh MSME Support Program have swelled over 12,000. This demonstrates not just acceptance but also exposes the yawning desire for a helping hand by Cross Riverians. I am also sure that many Cross Riverians are already wondering how exactly will beneficiaries be selected from such a massive pool. Many who think…
Wofai Williams, the CEO of Wofai Online Advertising Agency, has emphasized the growing trend of businesses shifting to online marketplaces as a survival strategy amid current economic hardships. She made this remarks in an interview with The Paradise News on Monday. According to her, “promoting businesses through Facebook and Instagram sponsored advertisements has become one…
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…