Guaranty Trust Holding Company (GTCO), yesterday emerged as the first listed financial institution in Nigeria to cross the N100 per share mark on the Nigerian Exchange Limited (NGX). As markets continue to bet on GTB as the most profitable bank in Nigeria. The stock price closed for trading on the NGX at N101.00 per share, about 7.62 per cent or N7.15 per share increase from the N93.85 per share it opened for trading. Checks showed that GTCO’s stock price this week alone has appreciated by 7.3per cent from N94.10 per share the stock closed for trading last week amid its…
Author: Reporter
Businessman, Femi Otedola, became the highest shareholder of Nigeria’s oldest bank, First Bank of Nigeria, following the acquisition of the shares hitherto held by Oba Otudeko and the Odukales A total of N324.47 billion value for 10.47 billion units of shares in off-market block trading on First Holdco Plc shares, took place on the floor of the Nigerian Exchange Limited (NGX) yesterday in a mega deal linked to Mr Femi Otedola, who increased his current 15 percent holdings to about 40 percent, giving him total control of Nigeria’s oldest bank which has so far punched below its potential. Oba Otudeko,…
Journalist and politician, Dele Momodu, has formally resigned his membership of the Peoples Democratic Party (PDP), citing what he described as the hijacking of the party by antidemocratic forces. In a letter dated July 17, 2025, and addressed to the PDP Ward 4 Chairman in Ihievbe, Owan East Local Government Area of Edo State, Momodu said his decision to leave the party was taken with immediate effect. “My reason is simple and straightforward,” the letter reads. “Our party has been unarguably hijacked by antidemocratic forces, from within and outside, in broad daylight. It is therefore honorable to abandon the carcass…
An aide to the FCT Minister on Public Communication and Social Media, Lere Olayinka, has described the resignation of former Vice President Atiku Abubakar from the Peoples Democratic Party ahead of the 2027 election, as “good riddance to bad rubbish”. Speaking on Thursday on Channels Television breakfast show, Sunrise Daily, Olayinka noted that with the former VP’s exit, the party could gather itself together. He said, “Well, my first reaction yesterday was that, Atiku Abubakar leaving the PDP, to me, is good riddance to bad rubbish. It is like how our Hausa people will say ‘sai gobe’. One thing I…
ABUJA Leaders of the Peoples Democratic Party, PDP, have said that the exit of former Vice President Atiku Abubakar from its fold, will not affect the fortunes of the party in 2027 Atiku announced his resignation from the People’s Democratic Party, PDP, yesterday, citing irreconcilable differences and a shift in the party’s direction from its founding principles. But the PDP, Oyo State governor, Seyi Makinde and former Deputy National Chairman of the party, have said Atiku’s exit would not affect PDP’s fortunes in the 2027 elections. The PDP, yesterday, dismissed the resignation of the former Vice President, describing it as…
Reigning African Player of the Year, Ademola Lookman, is set to join Inter Milan. Transfer Expert, Fabrizio Romano, announced yesterday that the UEFA Champions League finalists are now ready to submit official €40million bid to Atalanta after agreeing personal terms with the Super Eagles forward. Since the summer transfer window opened, Lookman has been on the radar of top European clubs like Juventus, Barcelona, Arsenal, Atletico Madrid, and Liverpool. The 27-year-old Super Eagles star player, has scored 52 goals and 25 assists in 118 appearances since joining the Italian side from RB Leipzig in 2022. He was largely instrumental to Atalanta…
92 year old Cameroonian President, Paul Biya, has officially declared his candidacy for the October 12 presidential election, aiming to extend his already 43-year tenure. In a post on X, Sunday, Biya stated, “Rest assured that my determination to serve you matches the urgency of the challenges we face.” His announcement follows what he described as “numerous and insistent” calls from citizens across Cameroon and the diaspora. Biya’s political longevity is unprecedented in modern African politics. Since assuming office in 1982 after the resignation of Ahmadou Ahidjo, Biya has never lost an election. His administration abolished term limits in 2008,…
The Joint Admission and Matriculation Board, JAMB, has revealed a damning report of admission racketeering in the nation’s tertiary education sector. It said no fewer than 9,469 admissions across 20 tertiary institutions nationwide have been flagged as fake by the Joint Admissions and Matriculation Board for the 2024 academic session. According to the board, the admissions were conducted outside the popular Central Admission Processing System, popularly known as CAPS. According to the list obtained from JAMB, Kano State University of Science and Technology led the pack with 2,215 fake admissions, with Ladoke Akintola University of Technology following with 1,215. Others…
The tenth season of the popular reality TV show Big Brother Naija is just 10 days away, and organisers are raising the stakes with a record-breaking grand prize. This season’s winner will walk away with a prize worth N150 million, including cash and additional gifts. This season’s prize is the highest in the show’s history. Last year, winner KellyRae received N100 million. However, there is a twist. Unlike previous seasons where the winner took home the entire prize, Busola Tejumola, Executive Head, General Entertainment Channels at MultiChoice Group, hinted during a press briefing today that the ultimate winner this time…
With uncertainties surrounding Governor Ademola Adeleke’s political future, a former Deputy Governor of Osun State, Senator Iyiola Omisore, has described the governor as a political orphan and now lobbying for survival. Omisore said Governor Adeleke, who was elected on the platform of the Peoples Democratic Party (PDP), is reportedly considering joining the ruling All Progressives Congress (APC). The former National Secretary of the ACP said this on Channels Television’s Politics Today on Wednesday. When asked if the speculation about Adeleke’s move to the APC is good news to him, he said he is not aware of that. “I’m not aware,…