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GTCO Boosts GTBank Capital by N365.9bn to Meet CBN Requireme

Guaranty Trust Holding Company Plc has injected N365.9bn into its banking subsidiary, Guaranty Trust Bank Limited, to meet the new minimum capital requirement set by the Central Bank of Nigeria for commercial banks with international authorisation. The company, in a statement filed with the Nigerian Exchange Limited and the London Stock Exchange on Friday, said...
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Heirs Energies Restarts Oil Well After 37 Years

The Chief Executive Officer of Heirs Energies, Osa Igiehon, has disclosed that the company successfully restarted a well that had been shut down for 37 years, describing it as a defining example of the firm’s resilience and tenacity. Speaking at a media briefing in Lagos, Igiehon said the previous operator of the well could not...
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$80 US Postal Duty Hits Nigerian SMEs

The Nigerian Postal Service has announced that from August 29, 2025, all postal shipments from Nigeria to the United States, except letters and documents, will attract a mandatory prepaid customs duty of $80 or its naira equivalent. In a public notice to its customers on Friday, NIPOST explained that the new charges stem from a...
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African Air Cargo Demand Soars 9.4% in July

African airlines are flying more goods than ever, with cargo demand rising 9.4 per cent in July compared to the same month last year, the International Air Transport Association said in an email on Friday. The figure is almost double the global average of 5.5 per cent, showing the continent’s growing role in global trade....
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NEITI Backs Ojulari for Transparency Push

The Executive Secretary of the Nigeria Extractive Industries Transparency Initiative, Dr Ogbonnaya Orji, has expressed confidence in the Nigerian National Petroleum Company Limited under the leadership of Bayo Ojulari to deliver on the ongoing reforms and set new benchmarks for corporate governance in Africa’s extractive industry. Orji gave the assurance in Abuja on Thursday during...
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GTBank Injects ₦365.9bn, Boosts Capital Base

Guaranty Trust Holding Company Plc has injected N365.9bn into its banking subsidiary, Guaranty Trust Bank Limited, to meet the new minimum capital requirement set by the Central Bank of Nigeria for commercial banks with international authorisation. The company, in a statement filed with the Nigerian Exchange Limited and the London Stock Exchange on Friday, said...
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I apologise for saying no heaven without tithe – Adeboye

The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has apologised for saying that Christians who don’t pay tithe might not make it to heaven. Adeboye who had previously said that paying tithe was one of the prerequisites for going to heaven, apologised for the comment while addressing his congregation Thursday...

Protesters storm Rivers electoral commission, insist election must hold

Angry protesters on Friday stormed the office of the Rivers State Independent Electoral Commission, singing and chanting ‘Election must hold’. They defied the heavy rainfall spreading canopies, while singing and drumming, with one side of the road blocked. The protest came after the Rivers State governor stormed the RSIEC in the early hours of Friday...

Man who asked Tinubu to resign admitted in psychiatric hospital

The Adamawa State Police Command has disclosed that the 30-year-old Abdullahi Mohammed who climbed a 33 kv high tension electricity pole in Mayo-Belwa last Friday has been admitted at the Yola Psychiatric hospital for mental examination. The Police Public Relations Officer of the command SP Suleiman Nguroje, told Arewa PUNCH on Friday in an exclusive...