Monthly Archives: August 2016



Pursuant to its earlier call on the Police over the missing Abuja business woman, Charity Aiyedogbon, 63 Civil Society Organisations under the aegis of Coalition against Crime in Nigeria have petitioned Nigeria’s Inspector General of Police (IGP), Ibrahim Idris, urging him to take necessary steps to effect the arrest of a prime suspect in the matter, Paul Chukwujekwu Ezeugo, presently at large.
The petition dated 22-8-2016, captioned: Re-Missing Charity Aiyedogbon: pertinent issues; our demands, signed by the group’s National Coordinator, Harrison Pepple and made available to newsmen, also called on the Police to conduct a DNA test on a body displayed on Facebook by Lagos lawyer, Emeka Ugwuonye, to ascertain the veracity of his claim that it is that of the missing woman.

Elumelu Tasks Nation’s Policy Makers on Poverty Reduction at NIPSS, Kuru Lagos, Nigeria, August 25, 2016


Tony O. Elumelu, Chairman of Heirs Holdings and UBA Plc. has advocated entrepreneurship as a veritable solution to achieving poverty reduction in the country.
Elumelu who is also the Founder of The Tony Elumelu Foundation delivered a paper themed: “Entrepreneurship, Corporate Social Responsibility and Africapitalism: The Role of The Private Sector In Fighting Poverty in Nigeria”, at the nation’s think-tank, the National Institute of Policy and Strategic Studies in Kuru, Plateau State.
There, he addressed a distinguished guest list of 67 participants from top government constituencies including the police, the military, national planning, works, and the presidency, debating ways to move the country forward in light of the present economic challenges.

Standard Bank predicts increased M&A activity in African telecom, media and technology.


Standard Bank, Africa’s largest bank by assets, is partnering with international news and events provider TMT Finance for the inaugural TMT Finance Africa Conference 2016, which is holding in Lagos and is bringing together the leading decision makers in African telecoms, media and technology (TMT) to Lagos on September 20, 2016 lagos/
The event will feature over 60 key C-level speakers from the most active and innovative companies, investors and advisers in Africa, including: Standard Bank, IHS Towers, Airtel, Etisalat, MTN, Vodacom, Africa Internet Group, Ringier, iRoko, MainOne, iPNX, Spectranet, Fibersat, Citi, Convergence Partners, Standard Chartered PE, Carlyle, Africa Capital Alliance and Emerging Capital Partners.

PDP Extends Makarfi’s Tenure by 1 Year, Postpones National Convention

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The Peoples Democratic Party (PDP) has postponed its National Convention following the divergent court rulings and the sealing off of the venue of the convention which was scheduled to hold on Wednesday.
The party also extended the tenure of its Caretaker Chairman, Ahmed Makarfi by one year.
The party’s National Executive Committee (NEC) met at the Government House and decided to postpone the convention.
The leaders and delegates later moved to the party’s secretariat to pass a vote of confidence on Makarfi.
Governor of Rivers state, and chairman of the convention planning committee, Nyesom Wike made the announcement at the party’s secretariat on Wednesday.

GTBank Releases 2016 Half Year Audited Results…Reports Profit before Tax of ₦91.38Billion

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Guaranty Trust Bank plc has released its audited financial results for the half year ended June 30, 2016 to the Nigerian and London Stock Exchanges.
A review of the half year performance, shows that the Bank recorded positive growth across all key financial metrics, a testament to the cutting edge strategy of the Bank. Gross earnings for the period grew by 37% to ₦209.9billion from ₦153billion reported in the June 2015; driven primarily by growth in fee & commission income as well as foreign exchange income. Profit before tax stood at ₦91.38billion, representing a growth of 45% over ₦63.11billion recorded in the corresponding period of June 2015.The Bank’s loan book grew by 14% from ₦1.373trillion recorded as at December 2015 to ₦1.562trillion in June 2016 with corresponding growth in total deposits which increased by 23% to ₦2.008trillion from ₦1.637trillion in December 2015.