archiveAugust 13, 2020

A Nigerian firm, AIC Limited, has warned potential investors against taking over the Nigerian subsidiary of Africa’s biggest supermarket chain, South African-owned Shoprite. Shoprite last week said it was looking at selling all “or a majority stake” in its operations in Nigeria after 15 years. Shoprite said lockdown restrictions because...

An artisan, Abdullateef Babatunde, on Thursday told an Ile-Tuntun Customary Court in Ibadan to dissolve his marriage of eight years to estranged wife, Omotayo because she forced an illegitimate child on him. Abdullateef’s claim was contained in his counter argument before Chief Henry Agbaje, the court’s President after his wife...

The Senate of the University of Lagos, Akoka, has rejected the removal of Prof Oluwatoyin Ogundipe as Vice Chancellor of the institution by the Governing Council. The Governing Council of the university, led by its Pro-Chancellor and Chairman, Dr. Wale Babalakin on Wednesday in Abuja removed Ogundipe as VC of...

The National Broadcasting Commission (NBC) has fined a radio station, Nigeria Info, N5 million for a recent comment made by a former Deputy Governor of the Central Bank of Nigeria, Dr. Obadiah Mailaifa on the crisis in Southern Kaduna. This was contained in a statement signed by the NBC management...

In-demand winger Jadon Sancho says he is happy at Borussia Dortmund and is enjoying helping some of the younger players develop at the Bundesliga club. Sancho has been linked with a move to a host of top clubs including Manchester United, but Dortmund sporting director Michael Zorc says the England...

Argentina and Mexico on Thursday said they would co-produce millions of doses of a coronavirus vaccine being developed by Britain’s University of Oxford with pharmaceutical giant AstraZeneca for Latin America. According to the Argentinian President, Alberto Fernandez, Argentina and Mexico will be in charge of the Latin American production of...

Contrary to misleading reports, the Nigeria Deposit Insurance Corporation (NDIC) said it has adhered to statutory guidelines on the distress resolution and liquidation of Fortis Microfinance Bank (MFB) Plc. and the protection of interest of depositors. According to Dr. Sunday Oluyemi Director, Communication & Publication Affairs in a press statement...

• Unilag gets new Vice Chancellor • I remain Unilag VC, disregard news of my removal — Ogundipe Hours after the removal of Professor Oluwatoyin Ogundipe as the Vice Chancellor of the University of Lagos, the school’s council said it has appointed Professor Theophilus Soyombo in acting capacity, even as...

The Nigeria Centre for Disease Control (NCDC), has reported zero death and 453 new cases from the Coronavirus (COVID-19) pandemic outbreak in the country. The NCDC made this known on its official twitter handle on Wednesday. The health agency said that the new cases pushed the nations infection total to...

The Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN), says the new Company and Allied Matters Act (CAMA) 2020 will create more conducive environment for private sector businesses to thrive. Its President, Mr Bode Ayeku, made the assertion at a news conference on Wednesday in Lagos. The News Agency...