archiveMarch 2019

Losses from Boeing 737 Max 8 aircraft operated by Ethiopian Airlines have been speculated to be between 50 million dollars and 60 million dollars, Willis Towers Watson (WTW) said. The Insurance firm said this on Tuesday. The aircraft heading to Nairobi crashed on March 10, after take-off from Addis Ababa,...

Nigeria’s Minister of Aviation, Senator Hadi Sirika, has assured citizens that there is no cause for worry by air travellers in the country, regarding the Boeing 737 Max 8 aircraft. In a statement on Tuesday, Sirika insisted that the model was not in Nigeria’s aviation register. The Minister stated this...

The Economic and Financial Crimes Commission (EFCC) has reopened at the Federal High Court in Lagos, the 10-year fraud trial of a former Managing Director of the defunct Intercontinental Bank Plc, Dr Erastus Akingbola. The trial, in the charge marked FHC/L/CS/443c/09, reopened on Monday before Justice Mojisola Olatoregun. In the...

  The Emir of Kano, Muhammad Sanusi II, has reacted to the declaration of governorship election in the State as inconclusive by the Independent National Electoral Commission (INEC). Emir Sanusi addressing a press conference on Tuesday at his palace urged residents of Kano to be patient and allow INEC to...

The Independent National Electoral Commission (INEC) has berated the Peoples Democratic Party (PDP) for claiming that its Chairman, Prof. Mahmood Yakubu, was bribed by the President Muhammadu Buhari-led Presidency. PDP, in a statement by its spokesperson, Kola Ologbondiyan, had alleged that INEC and Yakubu were working for the All Progressives...

  An unidentified passenger onboard Delta Air Lines flight to Lagos from Atlanta, United States, died three hours to landing at the Murtala Muhammed International Airport. The deceased was said to have had a terminal disease and wanted to come back to Nigeria, his country to spend the rest of...

The Peoples Democratic Party (PDP) has condemned the Chairman of the Independent National Electoral Commission (INEC), Professor Mahmoud Yakubu, over declaration of elections as inconclusive, in states the party appears to be leading. It accused Yakubu of overtly playing the script of the Muhammadu Buhari Presidency and the All Progressives...

  Bearish sentiments in the Nigerian equities market were sustained on Monday trading activities as the benchmark index declined by 0.90 per cent to 31,636.66 points, following sell off across large cap Banking & Consumer Goods stocks. Thus, the Month-to-Date return (-0.26%) slipped into the negative region, while the Year-to-Date...

Following the growing tension that characterised the delay in the collation and declaration of last Saturday’s governorship election result in the Taraba State, Governor Darius Ishaku on Monday imposed a dusk-to-dawn curfew on Jalingo, the state capital. This was contained in a press statement issued in Jalingo and signed by...

The Nigerian Bar Association (NBA) has issued a second interim report on the March 9 governorship elections in the country. In a statement by the chairperson of the NBA Election Working Group, Afam Asigwe, the association lamented “the high rate of vote buying, voter intimidation and violence it observed in...