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Lasaco Shares Not Suspended

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Our attention has been drawn to an online publication on the 22nd of February 2021 that Lasaco Assurance Plc. (“LASACO”/”the Company”) shares had been placed on indefinite suspension. This is not correct as the shares of the Company were never placed on indefinite suspension by The Nigerian Stock Exchange (“NSE”/”the Exchange”).

The shareholders of Lasaco Assurance had at the Annual General Meeting of 8th October 2019, approved the reconstruction of 7,334,343,421 Ordinary shares of 50k each in the share capital of the Company in the ratio of ONE (1) new ordinary share for every FOUR (4) Ordinary shares previously held by the shareholders into 1,833,585,855 Ordinary shares of 50k each.

Lasaco Assurance, through its Financial Advisers and Stockbrokers, filed necessary Applications with the Securities & Exchange Commission (“SEC”/”the Commission”) and The Nigerian Stock Exchange (“NSE”/”the Exchange”) for the reconstruction of the said Issued shares as directed by the shareholders.

Following the approval of SEC with the Issuance of Letter of no Objection to the reconstruction by the Commission and submission of the said letter to the Exchange, suspension from trading in the shares of the Company was placed by the Exchange from Monday 1st February 2021 to Friday, 19th February 2021 to allow the Share Reconstruction exercises to be concluded.

The shares of the Company resumed trading on Monday, 22nd February 2021 following the conclusion of the Share Reconstruction.

It should be noted that Lasaco Assurance is a regulatory compliant institution and had not done anything to warrant an indefinite suspension of its shares at the Exchange as published by your paper.

Management.

BUSINESS

GTBank Launches Quick Airtime Loan At 2.95% For Customers

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Guaranty Trust Bank Ltd (GTBank), the flagship banking franchise of GTCO Plc, Africa’s leading financial services group, today announced the launch of Quick Airtime Loan, an innovative digital solution that gives customers instant access to airtime when they run out of call credit and have limited funds in their bank accounts, ensuring customers can stay connected when it matters most.

In today’s always-on world, running out of airtime is more than a minor inconvenience. It can mean missed opportunities, disrupted plans, and lost connections, often at the very moment when funds are tight and options are limited.

Quick Airtime Loan was created to solve this problem, offering customers instant access to airtime on credit, directly from their bank. With Quick Airtime Loan, eligible GTBank customers can access from ₦100 and up to ₦10,000 by dialing *737*90#. Available across all major mobile networks in Nigeria, the service will soon expand to include data loans, further strengthening its proposition as a reliable on-demand platform.

For years, the airtime credit market has been dominated by Telcos, where charges for this service are at 15%.

GTBank is now changing the narrative by offering a customer-centric, bank-led digital alternative priced at 2.95%. Built on transparency, convenience, and affordability, Quick Airtime Loan has the potential to broaden access to airtime, deliver meaningful cost savings for millions of Nigerians, and redefine how financial services show up in everyday life, not just in banking moments.

Commenting on the product launch, Miriam Olusanya, Managing Director of Guaranty Trust Bank Ltd, said: “Quick Airtime Loan reflects GTBank’s continued focus on delivering digital solutions that are relevant, accessible, and built around real customer needs. The solution underscores the power of a connected financial ecosystem, combining GTBank’s digital reach and lending expertise with the capabilities of HabariPay to deliver a smooth, end-to-end experience. By leveraging unique strengths across the Group, we are able to accelerate innovation, strengthen execution, and deliver a more integrated customer experience across all our service channels.”

Importantly, Quick Airtime Loan highlights GTCO’s evolution as a fully diversified financial services group. Leveraging HabariPay’s Squad, the solution reinforces the Group’s ecosystem proposition by bringing together banking, payment technology, and digital channels to deliver intuitive, one-stop experiences for customers.

With this new product launch, Guaranty Trust Bank is extending its legacy of pioneering digital-first solutions that have redefined customer access to financial services across the industry, building on the proven strength of its widely adopted QuickCredit offering and the convenience of the Bank’s iconic *737# USSD Banking platform.

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UBA Unveils Diaspora Platform To Connect Global Africans With Investment, Wealth Opportunities

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Africa’s Global Bank, United Bank for Africa (UBA) Plc, has unveiled a diaspora banking and investment platform designed to serve Africans living and working across the world and within the continent.

The platform, launched in collaboration with leading ecosystem partners including United Capital, Africa Prudential, UBA Pensions, Afriland Properties, Heirs Insurance Group, and Avon Healthcare Limited, represents a major step in redefining diaspora banking beyond remittances toward structured wealth creation and long-term investment.

At the unveiling, which took place at UBA’s global headquarters in Lagos under the theme: “Beyond Banking: Powering the Global African Lifestyle, all the company representatives were on hand to showcase a seamless platform that goes beyond remittances, wealth creation, protection, and long-term prosperity.

Speaking at the event, UBA’s Head of Diaspora Banking, Anant Rao, described the initiative as a strategic shift in how Africa engages its global citizens.

“For decades, Africa’s engagement with its diaspora has focused largely on remittances. Today, we are moving beyond that. This platform represents a transition from simple money transfers to a financial ecosystem where Africans globally can bank, make payments, invest, protect their families, and build long-term wealth seamlessly,” he said.

Rao noted that African diaspora remittance flows exceed $100 billion annually, making them one of the most resilient and consistent sources of capital into the continent.

“Diaspora capital is not just a flow of funds — it is a strategic growth partner for Africa.
Our role is to provide a trusted platform that converts capital into structured investment and shared prosperity across the continent.”

The objective is to provide a platform that brings together offerings across the numerous needs of the Global African, including Banking and payments, Investments, securities services, asset management, Insurance, Pensions, real estate, and other services.

Through this coordinated ecosystem, diaspora customers can access financial solutions across multiple sectors through a single trusted platform, enabling them to manage their financial lives and family commitments across borders with ease and transparency.

UBA’s Group Head, Marketing and Corporate Communications, Alero Ladipo, emphasised the importance of collaboration in delivering a seamless diaspora experience.

“The modern African is a global citizen — mobile, ambitious, and deeply connected to home. Whether living in Africa, Europe, the Americas, or the Middle East, there must be a structured and secure financial connection back home. This platform ensures that Africans everywhere can remain economically connected to the continent with confidence and transparency.”

Partners within the ecosystem highlighted growing demand among diaspora Africans for structured investment opportunities, secure property ownership, insurance protection, and long-term financial planning.

United Capital showcased globally accessible investment products designed to deliver professionally managed and transparent wealth creation opportunities.

Afriland Properties emphasised structured and well-governed real estate investment pathways for diaspora clients.

Heirs Insurance highlighted protection solutions for life and assets, while Avon Healthcare Limited demonstrated healthcare access and insurance solutions for families across borders.

Africa Prudential and UBA Pension reinforced digital investment management and long-term pension savings solutions designed to support diaspora participation in African capital markets.

Together, the partners underscored a shared commitment to providing diaspora Africans with credible, transparent, and professionally managed financial pathways.

Rao also reiterated the guiding philosophy of Africapitalism, championed by UBA’s Founder and Chairman, Mr. Tony O. Elumelu, CFR.

He explained that Africapitalism is the belief that Africa’s private sector must play a leading role in the continent’s development by making long-term investments that generate both economic returns and social impact.

As Africa continues to position itself as one of the world’s most dynamic growth frontiers, UBA believes mobilising diaspora capital through trusted financial institutions will be central to shaping the continent’s next phase of development.

“Africa will increasingly be financed by Africans themselves, including Africans abroad,” Rao added.
“Our responsibility is to build the trusted financial infrastructure that makes this possible.”

“When Africa’s global citizens invest back into Africa, growth becomes inevitable,” he concluded.

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BUSINESS

Wema Bank Set To Sponsor Celebrity Performance At Couple’s Wedding

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In the spirit of the season of love, Wema Bank has announced the couple who will be getting a special celebrity artiste performance at their wedding on Valentine’s Day, February 14, 2026: The bride, Rita Ndukwe, and the groom, Jemil Adama.

Inspired by the “Evolution” theme of its upgraded ALAT App tagged “ALAT: The Evolution”, Wema Bank launched its Valentine campaign on February 1, 2026, with a focus on celebrating the journey of love across four categories: self-love, friendship, romantic relationships, and marriage.

“Evolution Of Love, Powered by Wema Bank” called on singles, friends, lovers, and married couples to post a 1-minute video sharing their love journey and how it has evolved over the years. At 3 p.m. on Thursday, February 12, the Bank announced the couple who would be getting the ultimate love experience: a celebrity artiste performance live at their wedding on February 14th.

The internet has been buzzing in excitement and anticipation of the celebrity artiste Wema Bank is bringing to the special Valentine’s wedding this weekend.

Updates are available on the Bank’s social media platforms @wemabank. Anyone interested in following the conversation and watching the big reveal of the celebrity artiste is encouraged to turn on post notifications and use #ALATEvolutionOfLove to stay up to date.

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