The sixth of eight new small chemical tankers ordered by the Gothia Tanker Alliance has been named in China. Featuring 18,000 dwt, Ramelia was constructed by China’s shipbuilder Avic Dingheng for Sweden-based shipowner Rederi AB Älvtank. Featuring a capacity of 19,800…
Oando: Court Restrains SEC
The Federal High Court in Lagos on Monday restrained the Securities and Exchange Commission (SEC) from removing Mr. Wale Tinubu as the Group Chief Executive Officer of Oando Plc. It also barred SEC from imposing a fine on Tinubu and…
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L-R, Director General, West African Monetary Institute Ghana, Dr Ngozi Egbuna, Commissioner, Industry and Private Sector Promotion ECOWAS Commission Mr Mamado Traore, Acting Director General, Securities and Exchange Commission Ms Mary Uduk and Chief Executive Officer, Nigerian Stock Exchange Mr…
Pope Francis Approves Revision Of Italian Missal
Pope Francis has approved a revised third edition of the Italian Missal, including changes to the Lord’s Prayer and Gloria. On May 22nd during the General Assembly of the Episcopal Conference of Italy, President Cardinal Gualtiero Bassetti announced the approval…
Zamfara: APC Expels Yari, Shuaibu
Former Governor of Zamfara State, Abdulaziz Yari, has been expelled from the All Progressives Congress (APC) for allegedly contributing to the failure of the party’s chances in the last election in the State. The party also expelled the Deputy National…
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President Muhammadu Buhari addressing a cross section of diplomats during the breaking of Ramadan fast in Abuja on Monday. Photo: Sunday Aghaeze
NIWA Seals MoU With NEXIM Bank, Sealink
Nigeria Inland Waterways Authority (NIWA), Nigeria Export-Import Bank (NEXIM) and SEALINK Promotional Company have signed a Memorandum of Understanding (M.O.U.) that recognizes the pivotal role of Inland Waterways in national economic development. A statement issued by NIWA on Sunday explained…
Board To Vote On Renault Merger With Fiat Chrysler
French automaker Renaultsays its board will meet on Tuesday to vote on a possible merger with Fiat Chrysler. Fiat Chrysler has proposed to merge with Renault to create the world’s third-biggest automaker, worth almost $40 billion, and combine forces in the race…
NCAA Revokes Pilot’s Licence
The Nigerian Civil Aviation Authority (NCAA) has revoked the Airline Transport Pilot’s Licence (ATPL) of a pilot for serious violation of the Nigeria Civil Aviation Regulations (Nig.CARs). The General Manager Public Affairs, NCAA, Sam Adurogboye, revealed this in a statement…
BA Resumes Flights To Pakistan
British Airways will resume flights to Pakistan on Sunday, more than 10 years after a hotel bombing led to the route being suspended. BA stopped flying to the country after a bombing in the capital city of Islamabad in 2008,…
Sunmonu, Ex-Shell Boss To Oversee Oando’s Interim Management Team
The crisis rocking Oando Plc took a new dimension on Sunday as the Securities and Exchange Commission (SEC) appoints an interim management team for the company. According to SEC, the management team headed by Mr. Mutiu Olaniyi Adio Sunmonu CON, is to oversee…
SEC, EFCC, Seek Prosecution Of Capital Market Offenders, Repatriation Of Stolen Funds
The Securities and Exchange Commission (SEC) and the Economic and Financial Crimes Commission (EFCC) have agreed to collaborate in combating crime in the Nigerian capital market.This agreement was reached when the Management of the SEC met with the Management team…
Buhari To Host Lake Chad Security Summit
President Muhammadu Buhari will host leaders of Lake Basin Commission in an informal summit on the side lines of Democracy Day and Second Term inauguration celebrations on June 12, 2019, in Abuja. The meeting will focus on bringing up new…
E-Payments In Nigeria Hit N34.02 Trillion In Q1
A total of 557,083,712 electronic-payment transactions valued at N34.02 trillion were recorded in selected banks across the country in the first quarter, 2019, Nigeria’s statistics bureau has said. The National Bureau of Statistics (NBS) said this in a report on…