archiveMay 19, 2020

Justice Philomena Ekpe of the Court of Appeal, Calabar division, Cross Rivers State, on Tuesday, May 19, 2020 set aside the decision of a Federal High Court sitting in Uyo, Akwa Ibom State, which acquitted Edward Odey Oluohu, Frank Asuquo Okon,  Godwin Etim Anwanadung and their companies, Blue Dolphin Limited...

seeks establishment of reserve agency The Senate on Tuesday commenced legislative work on a critical bill to ensure food security for Nigeria with the establishment of the Food Reserve Agency to avert any form of emergency food crises in the future. The bill which scaled second reading on the floor...

Stanbic IBTC Holdings Plc on Tuesday notified its shareholders that its eighth Annual General Meeting (AGM) slated for June 17 would be by proxy due to COVID-19 pandemic. Mr Chidi Okezie, Stanbic IBTC Holding’s Company Secretary, stated this in a notice to the shareholders posted on the Nigerian Stock Exchange...

Warren Buffett, world’s fourth wealthiest man has been swindled by a German manufacturing company of €643million. This happened when the normally shrewd investor was made to pay four times more than he ought to have paid to buy Wilhelm Schulz, a family-run manufacturer of stainless steel based in Krefeld, western...

Zenith General Insurance Limited has released its full-year financial statements for the year ended 31 December 2019 with profit before tax rising by 16 per cent from N3.16 billion to N3.67 billion while profit after tax rose by 10 per cent up from N2.79 billion to N3.06 billion. The company...

  Sends Yuguda’s name to Senate for confirmation as SEC DG President Muhammadu Buhari on Tuesday urged the Senate to consider and approve the nomination of Mr. Lamido Yuguda, for appointment as the new Director-General of the Securities and Exchange Commission (SEC). Also to be confirmed are three nominees as...

  Debtors Africa, an independent searchable database of recalcitrant and delinquent debtors in Africa, has been launched into the today, in addition a Debtors Report - a comprehensive analysis of the Debt/Non-Performing Loans Situation in the Nigerian Banking Industry was also presented for information. The report which was done in...

  The Federal Government has issued a query to the Permanent Secretary of the Ministry of Science and Technology, Dr. Mohammed Bello, over a N119 billion alleged financial misconduct, while he was permanent Secretary in the Ministry of Agriculture and Rural Development. The query, dated May 11, 2020, was issued...

  The Mountain of Fire and Miracles (MFM) Ministries has directed the repeat of her 30 days Prayer Retreat, whose second session ends this weekend. The General Overseer of MFM worldwide, Dr. Daniel Olukoya, who gave the directive, stated: "From 8th of June. We restart the prayers using the former...

A philanthropist and property expert, James Nwokike, has decried the high level of youth involvement in sports betting. Nwokike, said this when a football club, Ayom and Okpala Old School FC inaugurated him as its patron in Awka on Tuesday. Ayom and Okpala Old School FC is a community based...