Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has announced the opening of its ₦148.7 billion Rights Issue. The Rights Issue, which opened on 15 January 2025, and closes on 21 February 2025, offers existing shareholders the opportunity to subscribe to 2,944,772,083 Ordinary Shares of 50 kobo each at ₦50.50 per share. The Rights Issue is structured on a ratio of 5 new shares for every 22 Ordinary Shares held as of 29 October 2024. This strategic move aims to strengthen the company’s capital base, enhance its funding capacity and position it for sustainable growth as it will…
Author: Newsdeck
Portable’s recent comments about using spiritual means to control his women have sparked widespread reactions online. In a viral video, the controversial singer revealed his approach to relationships, claiming, “If I see a woman I like, I will tie her down spiritually. When I no longer want her, I will release her.” Portable also criticized women who refuse to take their partner’s name despite being fully cared for by their men. He emphasized, “I am the one feeding you all year, yet you still keep your father’s name? Where were you when I had nothing?” Defending his choice to take…
Lagos’ elite circle is never short of drama, luxury, and fiery conversations, and Episode 4 of The Real Housewives of Lagos was no exception. The latest episode saw Sophia Momodu make an appearance with a statement that instantly set social media ablaze: “I am a typical Naija babe, wetin I wan carry poor man do?” With this bold declaration, Sophia made it clear that she was here to shake things up, bringing a fresh perspective on love, relationships, and financial expectations. The episode captured Sophia inviting fellow housewife Mariam Timmer for a chat about her fashion business, intending to explore…
For seasons, Laura Ikeji and Carolyna Hutchings have been on opposite ends of a fiery feud—explosive confrontations, and sharp words. Many believed they would never see eye to eye. In Episode 3 of The Real Housewives of Lagos Season 3, Laura sheds light on their strained relationship. At Diiadem’s store, Mariam Timmer asked if she would apologise after Carolyna’s public apology to her in the previous episode. While Laura appreciated the gesture, she stood firm on her preference for face-to-face conversations. Dabota on the other hand wasn’t convinced, suggesting Laura could have handled it better instead of giving Carolyna the…
Data from the Nigerian Communications Commission (NCC) has revealed a significant drop in the number of active Internet users in Nigeria, falling from 163.8 million in December 2023 to 139.2 million in December 2024. The NCC’s industry statistics also indicate a decline in active telephone connections during the same period. The number of connections fell by 26.6%, from 224.7 million in 2023 to 164.9 million in 2024. The NCC attributed the decline in December 2024 to the deactivation of SIM cards that were not linked to verifiable National Identity Numbers (NINs) and the “rectification of a major discrepancy by a…
Former President Olusegun Obasanjo (GCFR) and former Speaker of the Federal House of Representatives, Rt. Hon. Yakubu Dogara (CFR) will be among the eminent Nigerians who will deliver papers at the groundbreaking initiative aimed at fostering peace and understanding among diverse faith communities at the World Interfaith Harmony Week Conference and Awards organised by the Honor 103.5 FM and Pan-af Publishers, in cooperation with the United Nations. Former President Obasanjo will deliver the thematic paper while former Speaker House of Representatives, Dogara will deliver keynote address at the significant event slated for February 5, 2025, at 10am in Trenchard Hall,…
The Nigeria Employers’ Consultative Association (NECA) has secured a favourable judgement for its members against the Federal Government on the proposed plan to impose additional tax burdens on businesses. In a suit filed in 2022, following a circular from the Federal Government, which proposed to impose additional tax burdens on businesses through the introduction of excise duty on non-alcoholic, carbonated and sweetened beverages, NECA had requested the court to dismiss the case on the ground that the circular was invalid and unjustifiable. Other defendants joined in the suit include Honourable Minister of Finance, and the Honourable Minister of Budget and…
The nascent growth in the Nigerian private sector seen at the end of 2024 was sustained into the first month of 2025, with new orders and business activity each continuing to rise. Moreover, there was a large improvement in business confidence while firms expanded employment, purchasing and inventories. Although input costs and output prices continued to rise rapidly, respective rates of inflation were much slower than seen in December. The headline figure derived from the survey is the Stanbic IBTC Purchasing Managers’ Index™ (PMI®). Readings above 50.0 signal an improvement in business conditions on the previous month, while readings below…
The 67th edition of the prestigious Grammy Awards was held at Crypto.com Arena in Los Angeles, United States on Sunday. Beyoncé’s genre-blending smash “Cowboy Carter” won the Grammy Award for album of the year. The popular singer now holds the record as the most nominated artist in the history of the Recording academy. She has been nominated 99 times. Nigeria Singer, Temilade Openiyi, popularly known as Tems, won the Best African Music Performance category at the 67th Grammy Awards. She clinched the award with her song ‘Love Me JeJe’, beating ‘Tomorrow’ by Yemi Alade, ‘MMS’ by Asake featuring Wizkid, ‘Sensational’…
A Chieftain of the All Progressives Congress (APC) in Osun, Hon. Olatunbosun Oyintiloye, has said that President Bola Tinubu’s strategy against terrorist financiers in the country is yielding positive results. Oyintiloye, a former lawmaker, said that Tinubu’s recent remarks that his administration had been targeting the financial backbone of terrorists groups in the country was quite instructive and a bold step towards clearing the country of violent crimes. The APC Cheiftain made the remarks while speaking with newsmen on Sunday in Osogbo. Oyintiloye, said that the president’s speech at the opening of the 2025 National Anti-Money Laundering, Counter-Financing of Terrorism…