Stanbic IBTC Asset Management Limited (the “Fund Manager”), a subsidiary of Stanbic IBTC Holdings PLC, is pleased to announce that the N15 billion Series II Offer (the “Offer”) under its Stanbic IBTC Infrastructure Fund (the “Fund”) N100 billion Shelf Programme is now open and scheduled to close on Friday, 10 June 2022. The Fund is…
The Federal Ministry of Youth and Sports Development is currently delivering a fresh round of disbursements of the Nigeria Youth Investment Fund (NYIF) to youth beneficiaries whose application have been successful. The Ministry in a statement signed by its Director, Press & Public Relations, Mohammed Manga, appealed to beneficiaries of the loan to respond promptly.…
The Lagos State Muslim Pilgrims Welfare Board (LSMPWB) has declared its intention to refund Hajj fares paid by intending pilgrims since 2019 in view of the recent increase in fees by the National Hajj Commission of Nigeria (NAHCON). A statement signed by the Board Secretary, Imam AbdulHakeem Kosoko and the Commissioner for Home Affairs, Prince…
Lagos State Governor, Mr. Babajide Sanwo-Olu, on Tuesday, submitted the Expression of Interest and Nomination Forms for his re-election on the platform of the All Progressives Congress (APC). Governor Sanwo-Olu, who submitted the forms to party officials at the International Conference Centre, Abuja, was accompanied by a large crowd, which included members of the Lagos…
The leadership of the House of Representatives has resolved the issues that led the Airlines Operators Association of Nigeria (AOAN) to threaten to shut down flight operations across the country. At a meeting that lasted over three hours at the National Assembly on Monday, the House leadership, led by Speaker Femi Gbajabiamila secured the commitment…
Transcorp Hotels Plc, Nigeria’s top hospitality company and a subsidiary of Transnational Corporation Plc. (Transcorp Group) has ended Q1 2022 with an impressive result, reporting a 77.4% growth in revenue to N7.04 billion from N3.97 billion in the same period in 2021. The hospitality company which owns the iconic Transcorp Hilton Abuja, Transcorp Hotels Calabar…
The Senate, on Tuesday, amended the Electoral Act, 2022, to allow ‘statutory delegates’ – all those elected – to participate and vote in the conventions, congresses or meetings of political parties. This followed the expeditious consideration of a bill during plenary which scaled first, second and third readings, respectively, and was passed during plenary by…
Former president Dr. Goodluck Jonathan has rejected the N100 million Presidential Nomination and Expression of Interest forms, of the All Progressives Congress APC purportedly purchased for him by some groups. News broke late Monday that a coalition of supporter groups from the northern part of the country had bought form for the ex-president. Though there…
The Lagos State Government is set to begin the demolition of identified distressed buildings in the State throughout the week in order to prevent building collapse as well as secure lives and property. The Commissioner for Physical Planning and Urban Development, Dr. Idris Salako, made this known on Monday while giving updates on Government’s building…
The Nigerian National Petroleum Corporation (NNPC) Limited, NNPC has cautioned Nigerians not to engage in panic buying of petrol, saying it has enough products for the country. The corporation in a statement released said the sudden appearance of fuel queues in parts of Abuja was due to low loadouts at depots, which usually happen during…