archiveAugust 2017

More reactions on Wednesday in Abuja continued to trail the outcome of the recent primary of the All Progressives Congress (APC) for the November governorship election over alleged malpractices. While the Buhari Support Group, Anambra State Chapter (over 30 affiliates), rejected the exercise and urged the appeal panel to critically...

Fidelity Bank recorded a very strong financial performance in the first half of 2017, posting impressive growth in profitability, gross earnings and other indices for the six months period ended June 30, 2017. Details of the audited results, released at the Nigerian Stock Exchange (NSE) on Wednesday show that gross...

Lagos State government wants effective enforcement of Compulsory Insurance Scheme (CIS) in its territory to mitigate risks resulting from violation of insurance regulations in various sectors. The authorities have, therefore, constituted an enforcement team to tackle abuses by individuals and corporate bodies engaged in environmental and related activities within the...

Olori Wuraola Ogunwusi, the estranged wife of the Ooni of Ife, on Wednesday confirmed her separation with from monarch. In a statement on her Instagram page, the queen who has also reverted to her maiden name Queen Zaynab-Otiti Obanor, said there was absolutely no truth in the report of infidelity...

Kidnap kingpin, Chukwudumeme Onwuamadike, a.k.a. Evans was on Wednesday in Lagos arraigned alongside Uche Amadi, Ogechi Uchechukwu, Okwuchukwu Nwachukwy, Chilaka Ifeanyi and Victor Aduba on a two-count charge of conspiracy and kidnapping. Evans, Amadi and Nwachukwu pleaded guilty to the charges while Uchechukwu, the only female defendant, Ifeanyi and Aduba...

Nigeria’s President Muhammadu Buhari on Wednesday chaired his first Federal Executive Committee (FEC) meeting since returning from sick leave in Britain this month. Buhari returned to Nigeria on Aug. 19 after more than three months in London for treatment for an undisclosed ailment. Last week, he cancelled a cabinet meeting,...

Profit taking continued on the Nigerian Stock Exchange on Tuesday as the All Share Index (NSE ASI) and the Market Capitalization decreased by 0.42 per cent, while the year-to-date return stood at 34.57 per cent. The All-Share Index closed at 36,165.93 against the previous close of 36,317.31 while Market Capitalization...

As part of its ongoing restructuring exercise, the Nigerian National Petroleum Corporation (NNPC) on Tuesday announced the appointments and deployments of top executives across the value chain of its operations. A total of 55 top management staff members were affected in the exercise. According to the Group Managing Director (GMD)...

Nigeria’s United Bank for Africa (UBA) said on Tuesday that it had made a provision on loans made to 9mobile, the mobile operator formerly known as Etisalat Nigeria. The lender did not give details of the provision but said it had a 38 billion naira ($125 million) exposure to 9mobile....

Vice President Yemi Osinbajo inaugurated on Tuesday the Bua’s Obu green field three million metric tonnes per annum cement plant at Okpella, in Edo. Osinbajo, also performed the ground breaking ceremony of the Obu second line three million metric tonnes per annum where he pledged that the Federal Government would...