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…
NIMASA DG Implores Media On Constructive Reporting
The Director-General of Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside, has advised the media in Nigeria to concentrate their effort and attention on productive reporting aimed at spurring positive action in the country, especially in the maritime…
Oando To SEC: Alleged Infractions Are Unsubstantiated
The management of Oando Plc has resolved to challenge the Securities and Exchange Commission (SEC) on the outcome of its forensic audit. The company is of the view that the alleged infractions and penalties are unsubstantiated, ultra vires, invalid and calculated to prejudice the business of the Company. Oando said:“The…
NPA Photo News
The Management of the Nigerian Ports Authority (NPA) led by the Managing Director, Hadiza Bala Usman on Friday played host to the Executives of the Senior Staff Association of Statutory Corporations and Government Owned Companies (SSASCGOC), Maritime Branch at the…
Apapa Gridlock: Presidential Task Force issues Operational Guidelines
The Presidential Task Force on the Restoration of Law and Order in Apapa Ports’ Area has unveiled its operational guidelines. The guidelines as contained in a paper made available to stakeholders at a meeting held in Lagos, recently, stipulates continuous…
Dana Air Opens More Outlets
Nigerian carrier, Dana Air has opened more sales and ticketing outlets in Abuja and Uyo to provide more convenient booking options for its guests. The airline in a statement by its Media and Communications Manager, Kingsley Ezenwa said the outlets…
SIFAX Group Photo News
CAPTION: L-R: Dr. Taiwo Afolabi (MON) Group Executive Vice Chairman, SIFAX Group with Mr. Marek Skolil, Ambassador of the Czech Republic in Nigeria, after a business meeting held at the Embassy of the Czech Republic in Abuja.
SEC Alleges Serious Infractions At Oando, Directs Wale Tinubu, Others To Resign
The Securities and Exchange Commission, SEC, has concluded investigation of Oando Plc and directed among others the resignation of affected Board Members. The commission in a statement on Friday also barred the Group Chief Executive Officer (GCEO), Wale Tinubu and the…
Cameron Begins LNG Export
All is now set for the export of Liquefied Natural Gas (LNG) from Cameron. The 177,000 cbm LNG carrier Marvel Crane is poised to become the first ship to load LNG cargo from the Cameron LNG project that started production…
Uber Declares $1b Loss
Uber has posted a $1bn (£790m) loss as the ride-hailing firm delivered its first figures since a disappointing flotation earlier this month. The quarterly loss came despite a 20% a rise in revenues to $3.1bn and increase in monthly active…
FAAN MD: Ethiopian Airlines’ Aborted Landing At Lagos Airport Normal
Wednesday’s aborted landing of Ethiopian Airlines Boeing 777-300 aircraft at the international wing of the Murtala Mohammed Airport, Lagos was a normal safety procedure in the global aviation industry, the Managing Director of the Federal Airports Authority of Nigeria (FAAN),…
Sanwo-Olu Extends LASTMA’s Working Hours To 11 p.m., Appoints Jaji SSG
The Lagos State Governor, Babajide Sanwo-Olu, on Thursday signed his first Executive Order to address traffic control and management, fixing of potholes on the roads, sanitation as well as cleaning of drainages in the State.The Order is to also ensure…