GTCO PLC Announces Successful Completion of the 1st Phase of Its Equity Capital Raise Programme; Raises ₦209 Billion

Guaranty Trust Holding Company Plc (“GTCO Plc” or the “Group”) (NGX: GTCO) is pleased to announce the successful completion of the first tranche of its equity capital raise programme, following the completion of the capital verification exercise conducted by the Central Bank of Nigeria (CBN) and the approval of the Basis of Allotment of the…

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Telcos propose 100% tariff hike, await NCC nod

Nigerian telecommunications companies have proposed a 100 per cent increase in their tariffs, pending approval from the government. The proposal, which has been submitted to the Nigerian Communications Commission, aims to address rising operational costs, including inflation and increased service delivery expenses. The disclosure was made by the Chief Executive Officer, MTN Nigeria, Karl Toriola,…

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How Dangote’s $750m offer to manage Nigeria’s refineries was rejected — Obasanjo

Obasanjo Former President Olusegun Obasanjo has revealed new details about Nigeria’s refinery woes, recounting failed efforts to privatise the country’s refineries and the subsequent financial losses under government management. In an exclusive interview with Channels TV on Thursday, Obasanjo discussed the Port Harcourt, Warri, and Kaduna refineries during his presidency. He explained how he sought…

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Fubara signs N1.1tn 2025 budget into law

Rivers State Governor, Siminalayi Fubara [Credit: X | #SimFubaraKSC] Rivers State Governor, Siminalayi Fubara, has signed the state’s 2025 budget worth N1.1 trillion into law. The budget, christened ‘Budget of Inclusive Growth and Development,’ was presented before the Victor Oko-Jumbo-led State House of Assembly on December 30, 2024. This was disclosed by the governor via…

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Microwaving food in plastic container may harm fertility, Expert warns

Microwav By Sola Ogundipe A leading fertility scientist has warned against microwaving food in plastic containers because of its possible effects on fertility. Dr. Shanna Swan, an expert on endocrine disruptors, highlighted how these substances can disrupt hormones and harm reproductive health. During a recent health podcast, she advised people to avoid using plastic in…

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Sokoto Tragedy: I saw my parents, brothers burnt to death — Survivor

By Ibrahim Hassan-Wuyo Hours after the tragic airstrike in Silame Local Government Area of Sokoto State, a survivor has recounted the harrowing experience of watching her family perish in the ensuing inferno. In an interview with BBC Hausa, the distraught woman, who requested anonymity, described how her father, mother, and four younger siblings were burnt…

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