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Firm to list N200bn infrastructure fund on NGX
In a significant development, Nigerian Exchange Limited (NGX) is set to admit the Nigeria Infrastructure Debt Fund (NIDF), a N200 billion public infrastructure investment fund by Chapel Hill Denham, onto the Exchange. Chief Executive Officer, NGX, Mr. Temi Popoola emphasized the commitment of the Exchange to infrastructural development and wealth creation in the country. He noted that the listing aligns…
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NASENI EVC reiterates commitment to delivering on presidential priorities
The Executive Vice Chairman and Chief Executive Officer of the National Agency for Science and Engineering Infrastructure (NASENI), Khalil Halilu, has charged the management staff of the agency to put forward ideas on how NASENI can effectively support the priorities of President Bola Tinubu such as large-scale switching of petrol and diesel-powered vehicles to alternative fuels to reduce the cost of living…
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Be humble to listen and learn, Sanwo-Olu tells commissioners, SA’s Lagos State
Governor Babajide Sanwo-Olu on Wednesday swore in 37 commissioners and Special Advisers to help run the affairs of state in the next four years. The swearing in was held at the Adeyemi Bero auditorium in Alausa, Ikeja. Governor Sanwo-Olu urged the new commissioners and SA’s to build on the successes recorded in the administration’s first term. He challenged them to…
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Kamala Harris celebrates 50 years of Hip-hop in America
United States Vice President Kamala Harris has celebrated 50 years of hip hop in America. She wrote, “Hip hop is a celebration of Black joy, freedom, and liberation. It was my honor to commemorate the 50th anniversary of this ultimate American art form by hosting the first-ever hip hop event at the Vice President’s Residence.”
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Lagos redline rail 95 percent ready-Sanwo-Olu .flags off blue line
.commends Tinubu for initiative Governor Bababjide Sanwo-Olu on Monday assured residents that the construction of redline light rail system from Ebute Metta to Agbado, would be ready by the end of 2023 as the project is 95 per cent completed. Sanwo-Olu, disclosed this while briefing the media after he officially flagged-off the blue light rail passenger operation, in company of…
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GTCO declares 217.09% increase in PBT to N327.40bn
Guaranty Trust Holding Company Plc (GTCO) on Friday announced N327.40billion in audited half year ended June 30, 2023, an increase of 2217.09 per cent from N103.25billion reported in prior half year ended June 30, 2022. The lender on the Nigerian Exchange Limited (NGX) also announced N280.48billion profit after tax in H1 2023, an increase of 261.63 per cent from N77.56billion…
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Fuel subsidy: Abdulrahman inaugurates 12-man committee on palliative distribution
The governor of Kwara State, Abdulrasaq AbdulRahman, on Tuesday inaugurated a 12-man committee on distribution of the N5bn federal government’s palliatives in the state, charging them to be transparent. It would be recalled that the state government set up the committee at the weekend a day after the federal government announced the nationwide palliatives which include N4bn worth of rice…
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Equities market gains N263bn in market cap
The domestic equities market on Monday started the week in positive territory as the overall capitalization advanced by N263 billion. The All-Share Index (ASI) gained 481.32 points, representing a gain of 0.74 per cent to close at 65,202.41points. Also, market capitalisation rose by N263 billion to close at N35.685 trillion. As measured by market breadth, market sentiment was positive, as…
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Elumelu’s Transcorp acquire 60% majority stake in AEDC
n another remarkable strategic maneuver that solidifies Transcorp’s dominant position in Nigeria’s power sector, Christopher Ezeafulukwe, the intelligent and astute Managing Director/CEO of Transcorp Power Limited, has been entrusted by the Board of the Abuja Electricity Distribution Company (AEDC) to lead the charge as the new Managing Director/CEO of AEDC. This pivotal announcement closely follows the acquisition of a substantial…
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Group urges NLC to shelve planned strike, protest over fuel subsidy removal
….says Tinubu should be given more time A group of online media practitioners under the umbrella of Professional Online Media Executives of Nigeria (POMEN) has called on the leadership of Nigeria Labour Congress (NLC) and the Civil Society Organisations (CSOs) to shelve the planned industrial action and protest. The professional group in a statement issued on Monday by its President,…
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