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Jide Sanwo Olu

Sanwo-Olu and Ambode in constant touch with each other – Aide

(Lagos, Nigeria) Media officer to Lagos State Governor-Elect, Mr. Gboyega Akosile has described the relationship between Mr. Babajide Sanwo-Olu and Governor Akinwunmi Ambode as very cordial, urging those in the business of sowing seeds of discord among political leaders for selfish personal gains to desist from such as it will not work in this case. […]

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Tony Elumelu Foundation Shortlists 3050 Entrepreneurs For 5th Forum 2

Tony Elumelu Foundation shortlists 3050 entrepreneurs for 5th forum programme

ABUJA, NIGERIA, March 22, 2019— The Tony Elumelu Foundation (TEF), the leading African philanthropy committed to empowering African entrepreneurs, Friday announced 3,050 African entrepreneurs, drawn from all 54 African countries, selected to join the 5th cycle of its $100 million TEF Entrepreneurship Programme. The announcement was made at the Transcorp Hilton Abuja, following a presentation […]

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Allen-Onyema

Boeing 737 MAX 8: Air Peace CEO, Allen Onyema frowns at attack on airline

Chairman and CEO of Air Peace airline, Barrister Allen Onyema has frowned at the behavior of some Nigerians who have been attacking the airline and “mischievously” creating the impression that the airline already had Boeing 737 MAX 800 in its fleet since the aircraft type was involved in two fatal accidents in Indonesia and Ethiopia […]

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Osun Election: Adeleke speaks, says ‘to God be the glory’

Following his victory at the Tribunal, the Senator representing Osun-west senatorial district, Dr Ademola Adeleke, Friday joined his party members to congratulate himself, saying to God be the glory. Recall that the Osun State governorship Election Petition Tribunal sitting in Abuja, declared Adeleke, candidate of the Peoples Democratic Party, PDP, winner of the September 2018 […]

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Babatunde Fowler, FIRS

Fowler to Nigerians: Prepare for an increase in VAT

The Federal Inland Revenue Service (FIRS), on Tuesday, urged Nigerians to brace for an increase in Value Added Tax (VAT) by between 35 and 50 per cent in 2019. This will raise the VAT from the current five per cent to between 6.75 and 7.25 per cent. The Chairman of FIRS, Mr Babatunde Fowler, dropped […]

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Zenith Bank

Shareholders of Zenith Bank get ₦2.50k dividend for 2018 financial year

Nigeria’s lender, Zenith International Bank PLC, yesterday announced it recorded about ₦193 billion in profit after tax in its Group Accounts for the financial year ended December 31, 2018. Highlights of its financial statement presented to shareholders by board Chairman, Mr Jim Ovia, at its 28th annual general meeting held in Lagos, Monday showed that […]

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French Customs Brexit Strike Causes Major Disruption At Calais

Apapa Customs generates ₦60.1 bln in 2 months, intercepts 24 containers

The Apapa Customs Command said on Monday in Lagos that it generated ₦60.1 billion between Jan. 2019 and Feb. 2019. The outgoing Area Controller of the command, Bashir Abubakar, made this known at a ceremony to hand over the command to the new controller, Mohammed Abba-Kura. Abubakar explained the amount was generated even when the […]

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Atiku Abubakar: Nigeria’s perennial presidential hopeful

Atiku ask tribunal to sack Buhari, declare him winner

In a rush to beat the 21 days deadline provided by the Electoral Act, lawyers to the presidential candidate of the Peoples Democratic Party, PDP, Alhaji Atiku Abubakar, on Monday evening, stormed the tribunal to lodge a petition against President Muhammadu Buhari. The Independent National Electoral Commission had on February 27, declared President Buhari who […]

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5th Annual General Meeting Of The Company Held At Transcorp Hilton Hotels Abuja On Friday1

Shareholders laud Transcorp Hotels for impressive performance, approves 15k per share as dividend

Abuja, Nigeria– The Shareholders of Africa’s leading hospitality brand, Transcorp Hotels Plc, have extolled the Company for its impressive financial results for the year ended December 31, 2018. The congratulatory remarks were made at the Company’s 5th Annual General Meeting, which took place at the Congress Hall of the iconic Transcorp Hilton, Abuja. Following the […]

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Director-General, SEC, Mr. Munir Gwarzo

Group urges Buhari to urgently arraign SEC DG, Gwarzo

Centre for Anti-Corruption and Open Leadership (CACOL) has called on President Muhammadu Buhari to, as a matter of urgency, direct the Independent Corrupt Practices and Other Related Offences Commission (ICPC) to charge the former Director General of the Securities and Exchange Commission (SEC), Mounir Gwarzo, on the abuse of office by the award of contracts […]

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Oil workers walk through pipe installations on a tanker at Bonga off-shore oil field outside Lagos, file.

NNPC recorded 257 pipeline breaches, post ₦12.13 bln trading surplus

The Nigerian National Petroleum Corporation (NNPC) yesterday released its December 2018 financial and operating report, posting a trading surplus of ₦12.13 billion, a development it said sprang from the success recorded by its upstream subsidiary, the Nigerian Petroleum Development Company (NPDC). The national oil company also said it recorded an upsurge in pipeline vandalism which […]

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FILE PHOTO: Central Bank of Nigeria's logo is seen on the headquarters building in Abuja, CBN

CBN’s decision to exclude textile sector from FX market put ₦5trn investment under threat

The recent decision by the Central Bank of Nigeria (CBN) to exclude the textile sector from the forex market will put over ₦5 trillion worth of investments in jeopardy, the Lagos Chamber of Commerce and Industry (LCCI) has warned. Besides the threat posed on the ₦5 trillion investments the chamber equally raised the alarm that […]

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