Author: Akintayo Adams

Guaranty Trust Holding Plc, the parent company of Guaranty Trust Bank, a leading Nigerian financial institution, announced on Friday its intention to seek shareholder approval to raise a maximum of $750 million in capital. This is expected to happen during a meeting scheduled for May 9, 2024. This development align with the efforts of other banks to increase capital reserves in order to meet new regulatory targets set by CBN. The Central Bank of Nigeria, in March, announced minimum capital requirements for banks to bolster the country’s financial system and enable lenders to play a more significant role in aiding…

Nigeria is advancing towards becoming a dominant force in the global economy, as outlined in a pioneering report by Goldman Sachs. Goldman Sachs’ report, titled “25 Largest Economies in the World by 2075,” situates Nigeria ahead of well-established economic powerhouses such as Germany, the United Kingdom, Brazil, and Egypt. The report predicts a significant global power shift, with China surpassing the United States as the world’s leading economy by 2050, a position it’s expected to maintain until 2075. India is forecasted to secure the second position, with the United States and Indonesia closely trailing in third and fourth place respectively.…

The Governor of Osun State, Senator Ademola Adeleke, has enhanced security protocols around governmental facilities in the state to prevent any potential seizure by purported Yoruba activists. In a statement, the governor’s spokesperson, Mallam Olawale Rasheed, disclosed that Adeleke has instructed his Special Adviser on Security Affairs, Mr. Samuel Ojo, to promptly coordinate the mobilization of combined security units to safeguard the State Government Secretariat, the Government House, and other vital government premises, including the headquarters of the Osun State Broadcasting Corporation (OSBC). “In line with the Governor’s directive, security men and women were deployed to identified locations yesterday to…

Sequel to the invasion of Oyo State Secretariat by Yorùbá Nation Secessionists, Ekiti state police command has revealed that it has deployed more security operatives to strategic government offices in the state to avoid a similar event. Speaking, the Commissioner of police in Ekiti state, Kunle Akinwale said the command was not unaware of Saturday’s occurrence in Oyo state and had stationed its tactical team at the government house and offices including the state of house assembly. “The issue is that, if it can happen in Oyo state, it can happen anywhere. We are fully on the ground here in…

Bayer Leverkusen clinched their inaugural Bundesliga championship with a commanding 5-0 victory against Werder Bremen on Sunday, sealing the title with five matches remaining. Alonso’s squad maintains an undefeated streak in all tournaments this season, surpassing Bayern Munich’s German record of 32 consecutive matches without a loss across all competitions back in February. The streak now extends to 43 matches across all competitions. Leverkusen surged ahead in the 25th minute courtesy of Victor Boniface’s penalty, while a long-distance strike from Granit Xhaka in the latter half bolstered their lead, much to the delight of the lively BayArena crowd. Florian Wirtz…

Murtala Muhammed Foundation (MMF) in a release made available to journalists at the weekend, to commemorate the 10th anniversary of the abduction of 276 girls from Chibok Girls Secondary School, Chibok, Borno State, revealed that 21 of the affected abductees regained freedom after giving birth to children numbering 34. The foundation bemoaned the calamitous sexual violence and forced marriages the girls endured while in captivity. The report suggested that 48 guardians of the kidnapped victims had passed away since the girls were abducted, causing extensive psychological distress for survivors and their families, resulting in health complications and hindrances to employment…

The National Drug Law Enforcement Agency (NDLEA), through Mr Femi Babafemi, its Director, Media and Advocacy said on Sunday that it was not recruiting and cautioned members of the public against being extorted by individuals with evil intentions. Briefing newsmen in Abuja, he said the agency was aware of a publication alerting Nigerians about recruitment. “While we are taking necessary measures to unravel the people behind the publication, members of the public are advised to avoid being scammed. “The agency will like to emphasise that no recruitment is currently taking place. “In due time, any information about recruitment will be…

The Executive Governor of Oyo State, Engr. Seyi Makinde has announced the disbursement of ₦2 billion to the former chairmen of local government areas in the state. In 2019, the LG Chairmen were sacked by Makinde. They were elected in 2018 during the regime of Late Governor Abiola Ajimobi. However, the former council bosses and the state government have been at loggerheads over the payment of their entitlements since they were dismissed, leading to court cases which forced the Governor to decide on an out-of-court settlement. Speaking on Saturday during the burial and thanksgiving service in honour of Mama Ruth…

Officers of the Nigeria Police Force (NPF) have soared above the rest to emerge the best at the just-concluded US Special Program for Embassy Augmentation Response (SPEAR) team mission at Amman, Jordan. The training, started on March 10, 2024, and culninated on April 3, 2024, aimed to bolster the team’s capabilities in addressing diverse emergencies and tactical scenarios. The programme was conducted by the US Navy Seals and covered a wide range of topics, including several tactical drills and assessments, ensuring a well-rounded and thorough learning experience. Speaking at the end of the training, the Nigeria team lead, Squadron Commander…

Members of the Yoruba Nation have been accused of shooting at soldiers at the Oyo State Secretariat. Some agitators of Yoruba nation in camouflage had invaded the premises of Oyo State House of Assembly, Agodi Secretariat, Ibadan. This was sequel to a viral video claiming a new nation, ‘Democratic Republic of the Yoruba’ had been drafted out of Nigeria. In a statement by the Army spokesman, Onyema Nwachukwu, the public were urged to remain calm and shouldn’t hesitate to report any suspicious activity to security agencies. “This is to notify the general public that today Saturday 13 April 2024, sequel…