The alleged mastermind behind the violent assault on the Abuja-Kaduna passenger train in March 2022, identified as Ibrahim Abdullahi, also known as Mandi, has been apprehended by the police.

Public Relations Officer ACP Olumuyiwa Adejobi revealed during a press briefing in Kaduna on Thursday that the suspect was also involved in the abduction of students from Greenfield University in 2021.

Following Mandi’s arrest, police confiscated 48 AK-47 rifles and are currently working to trace his sponsor and the source of the weapons.

More to follow…… 

Numerous individuals sustained injuries following a confrontation between rival groups in the Ile-Epo vicinity of Lagos State.

According to reports, the altercation erupted within the local market on Wednesday night and persisted into Thursday morning.

During the clash, several shops were set ablaze, and merchandise was vandalized. Despite efforts by law enforcement, the intervention was hindered by the aggressors.

This morning, a fire service truck attempting to enter the market was compelled to retreat after being bombarded with stones by unidentified assailants.

See video below:

The Nigerian Exchange Group Plc (NGX Group) has unveiled stellar Q1 2024 results, signaling a promising trajectory for the company.

Biztellers reports that this is coming shortly after the company’s 63^rd Annual General Meeting (AGM).

From the results made available on Thursday, the Group reported an impressive N2 billion in Profit before Tax (PBT), bolstered by robust growth in operating margins and operational efficiencies.

From the results, Profit After Tax (PAT) rose to N1.3 billion, marking a remarkable 332% increase from the N310 million recorded in Q1 2023.

The NGX claims that “This exceptional performance underscores the group’s unwavering commitment to excellence and strategic growth initiatives”.

Recall that at the AGM, the NGX Group announced plans to capitalize on digital distribution for the upcoming recapitalization exercises mandated by the Central Bank of Nigeria (CBN).

Additionally, the group disclosed a strategic acquisition of a stake in the Ethiopian Stock Exchange, securing a seat on the bourse’s board.

These decisive moves align with the group’s overarching strategy to expand its business operations and solidify its position in the regional market.

In a bid to secure long-term sustainability and drive growth, the NGX Group implemented a strategic optimization initiative. This comprehensive plan encompasses a strategic reduction in workforce size, accompanied by significant salary increases for retained staff.

The initiative aims to streamline operations, enhance efficiency, and optimize resources, fostering a more competitive and agile organization.

The exercise follows a thorough review of the group’s operations, which revealed opportunities for optimization and improved competitiveness. The NGX Group remains steadfast in its commitment to innovation, customer satisfaction, and building a resilient organization poised for sustainable growth.

The recent approval by shareholders of a N10 billion capital raise underscores investor confidence in the NGX Group’s strategic direction and its unwavering commitment to driving sustainable growth and value creation.

The NGX Group remains dedicated to serving its customers, partners, and stakeholders, confident that these strategic measures will pave the way for future success. The company’s focus remains on innovation, customer satisfaction, and building a resilient organization poised for growth.