GUARANTY Trust Holding Company Plc (GTCO) has increased its investment in Guaranty Trust Bank Ltd. (GTBank) to ₦504 billion. The bank disclosed this in a statement on Thursday in Lagos. The increase followed its subscription to GTBank’s rights issue of 6,994,050,290 ordinary shares at 50 kobo each, valued at ₦365.85 billion. With this injection, GTBank’s […]
THERE’S a lot of hype right now about how intra-African trade through the African Continental Free Trade Area (AfCFTA) could replace the considerable loss of African exports to the United States (US) precipitated by the Trump administration’s steep tariff hike. Intra-African trade – which, at about 15–16 per cent of all African trade, is relatively low – […]
BIOLA Abayomi pleaded with the butcher for the umpteenth time, her demeanour pitiful. 46-year-old Mrs. Abayomi, a fashion stylist and mother of two children, appears desperate to purchase a cut of beef at ₦2,000, but the butcher disagrees, their voice drowned out by the chatter of traders and passersby at the Sango-Ota market in Ogun […]
THE Nigerian Government has announced a new game plan, aimed to be accomplished in the four years leading up to 2030, as a central plank in its effort to attain an ambitious $1 trillion economy at the end of the decade. The Renewed Hope Development Plan (2026-2030) sits within the wider Nigeria Agenda 2050, the […]
NIGERIA has signed a strategic Memorandum of Understanding (MoU) with the Organisation of Islamic Cooperation (OIC) to empower 10 million women across the agricultural value chain to deepen collaboration and ensure sustainability for women in agriculture. The landmark agreement formalised in Abuja, through the Federal Ministry of Women Affairs and Social Development, at the flag-off […]
THE Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, says Nigeria’s Gross Domestic Product (GDP) will increase from 14.19 per cent to 21 per cent by 2030. Tijani said this at the National Digital Economy and E-Governance Bill stakeholders’ engagement on Thursday in Abuja. Tijani was represented by the Permanent Secretary of the […]
UNIVERSITY of Jos Chapter of the Academic Staff Union of Universities (ASUU), has rejected the Federal Government’s loan scheme for university lecturers and other workers in tertiary institutions. Prof. Jurbe Molwus, the chairman of the union in the university, said this during a press conference on Tuesday in Jos. Report stated that the Federal Government […]
GOVERNOR Sheriff Oborevwori has expressed satisfaction with the efforts of the World Bank, the Federal Government, and State Governments in sustaining NG-CARES, initially designed as an emergency intervention to cushion the socio-economic shocks of the COVID-19 pandemic. He made the expression in Asaba during the South-South Zonal Independent Verification Agents (IVAs) Performance Review Meeting of […]
By BAMIDELE OGUNWUSI NIGERIA’S revenue-sharing pool reached a historic milestone in August 2025, as the Federation Account Allocation Committee (FAAC) disbursed about ₦2.0 trillion to the three tiers of government — the highest monthly allocation so far this year which analysts linked to fiscal reforms by the Tinubu administration and oil windfall. The figure, which […]
By PATIENCE ALIYU PLATEAU State Government on Monday enjoined residents to pay their taxes regularly so that the government can embark on projects to make life more comfortable for them. Governor Caleb Mutfwang gave the advice in Jos, during a summit on the Administration of Property and Land Related Taxes organised by the State’s Internal […]