archiveMay 2017

Acting President, Prof. Yemi Osinbajo, SAN, has congratulated Emmanuel Macron on his election as the next President of France. In a congratulatory letter to the President-elect, Osinbajo said he received the news of the election of the 39-year old Macron with satisfaction, noting that under successive governments, the relations between...

The Nigerian Civil Aviation Authority on Monday said domestic flight operations declined by 67 percent in the first quarter of 2017, compared to the same period last year. The NCAA’s Consumer Protection Department disclosed that 10,366 flights operated in the first quarter of 2017 compared to the 15,434 flights operated...

As part of its efforts at dominating Africa’s mobile banking space with the introduction of cutting edge technology-driven products and services, United Bank for Africa (UBA) Group has introduced a full-fledged banking platform, tagged UBA Magic Banking and enabled by dialling *919# within Nigeria. The product with USSD code *919#...

The Central Bank of Nigeria plans to offer $100 million in forwards at an auction on Monday to improve liquidity on the currency markets but did not disclose the settlement period, traders said, citing a memo from the regulator. Traders said the dollar auction would be both for spot and...

Lafarge Africa wants to raise 140 billion naira ($445.9 million) in fresh equity and convert some loans into shares as part of a planned rights issue after it reported losses last year. The Nigeria-based business of Franco-Swiss cement group Lafarge Holcim, will seek shareholder approval next month for the capital...

The Dangote Group has raised alarm over a Ponzi scheme in circulation alleging partnership between the “Dangote brand, Nestle, Cussons and other reputable food processing companies” in launching a multi-level marketing initiative that intends to “fight hunger, poverty and stop recession” by paying participants in food. According to a press...

The Senior Special Assistant to President Muhammadu Buhari on Media and Publicity, Malam Garba Shehu has disclosed that the release of 82 Chibok girls was done in exchange of Boko Haram suspects. This was as the Borno Elders Forum, BEF, on Sunday, described the reported release of the 82 Chibok...

President Muhammadu Buhari will travel to London on Sunday night (tonight) for “medical follow-up, “his spokesperson has said. Mr. Femi Adesina who disclosed on his twitter handle stressed the length of the president’s stay away is to be determined by London doctors. “Govt to function normally under VP,” Adesina said....

A socio-political organisation, Northern Youth Leaders Forum (NYLF), has described as "wicked, callous, selfish and insensitive", the decision of the 19 Northern governors to "abandon President Muhammadu Buhari in his moment of trial." According to them, instead of informing their citizens about the true situation surrounding the President, the governors...

The Joint Admissions and Matriculation Board (JAMB)said it has concluded the sale of 2017 Unified Tertiary Matriculation Examination (UTME) application document recording over 1.7 million candidates at the close of the site by 12 midnight on Friday May 5 2017. The Board in a statement on Sunday urged Nigerians to...