The FCMB-TLG private debt fund has opened for investment, seeking to raise N10 billion from series 1 of its N100 billion Programme. The fund, approved by the Securities and Exchange Commission, is sponsored and managed by FCMB Asset Management Limited, with technical support from TLG Capital Investments Limited, United Kingdom. The series 1 offer is…
The residents of Era Community in Oriade Development Council, Ojo, Lagos State, have petitioned the state Governor, Babajide Sanwo-Olu, for urgent intervention regarding the damage allegedly caused by dredgers in their community. Addressing the media on Tuesday, the Baale of Era Community, Olumide Erinle, lamented that the community had lost its peace and development since…
Benedict Obinna hacked into the PC frameworks of Globus Bank and they moved monies running into over N3, 500,000,000 from the record of the Bank into different records having a place with Haril Worldwide Arrangements Ltd and partner different ledgers residence on numerous banks the nation over. “That further investigation reveals that Igwe George Benedict…
Stanbic IBTC Insurance, a subsidiary of Stanbic IBTC Holdings, has launched its Education Endowment Plan, which empowers parents and guardians to secure the academic future of their children or wards. At the launch of the plan in Lagos recently, it was revealed that the education endowment plan encouraged parents and guardians to adopt a long-term…
The delivery date for the completion of the $700m Obiafu-Obrikom-Oben gas pipeline project, popularly called OB3, has been shifted from March 2024 to August, as the Nigerian National Petroleum Company Limited announced its readiness to complete the facility. On February 28, 2024, The PUNCH reported that the Federal Government had declared that the project would…
According to the apex bank’s latest monthly economic report, the total consumer credit outstanding increased to N3,823bn in January 2024. The report further explained that a disaggregation of consumer credit revealed, that personal loans increased by 14.3 per cent to N3,028bn from N2,649bn in December 2023. Retail loans rose by 4 per cent to N795bn,…
The FG, through a suit filed on its behalf by the Federal Inland Revenue Service (FIRS), took the firm before the Abuja Federal High Court on six counts. In the suit, the Federal Republic of Nigeria is listed as the complainant, while Wells Property Development Company Limited is joined with nine individuals as defendants. Among…
The convener of Adire Street Cultural Carnival who is also the marketing director for a fiber rich food, MAF Canada Quick Oats Meal, Princess Oluwabukola Fasuyi has urged Nigerians to see the fiber rich organic food as a complete food supplement that would help them to live a healthy life. The Lady of Africa as…
..Gov seeks collaboration for Lagos Food and Logistics Hub project..Reiterates administration’s commitment to food security, sufficiency In line with its commitment to food security and sufficiency in Lagos, Governor Babajide Sanwo-Olu’s administration has established concrete plans for effective collaboration between Rungis International Market, renowned as the world’s second-largest wholesale food market, and the Lagos State…
