Forensic Audit: Court strikes out Oando’s case against SEC

Forensic Audit: Court strikes out Oando’s case against SEC

A Federal High Court sitting in Lagos has struck out a case filed by Oando PLC against the Securities and Exchange Commission (SEC) seeking to stop SEC from conducting a forensic audit on the company and also lift a technical...
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2017 Budget: FERMA gets N800m out of N25b

2017 Budget: FERMA gets N800m out of N25b

Out of the N25billion budget of the Federal Roads Maintenance Agency (FERMA), only N800million has been received, the Minister of Power, Works & Housing, Babatunde Fashola has said.   Briefing members of the Senate Committee on Federal Roads Maintenance A...
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Real Madrid Players get their yearly Audis, many are Q7 SUVs

Real Madrid Players get their yearly Audis, many are Q7 SUVs

In Spain it’s that time of the year for Real Madrid’s players to take delivery of their shiny new cars from the team’s sponsor Audi. The company with the four-ring logo joined forces with the hugely popular soccer team back...
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Fidelity Bank disburses N2.5b to 500 SMEs operators

Fidelity Bank disburses N2.5b to 500 SMEs operators

Fidelity Bank Plc says it has disbursed the sum of N2.5 billion out of the Central Bank of Nigeria (CBN) N220 billion Micro, Small and Medium Enterprises Development Fund (MSMEDF).  Mr Nnamdi Okonkwo, the bank’s Managing Director/ Chief Executive Officer...
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Nestle sustains growth profile, hits N1,300 per share

Nestle sustains growth profile, hits N1,300 per share

For the third consecutive day, Nestle Nigeria Plc on Wednesday led the gainers’ table, appreciating by N38.84 to close at N1,300 per share.   Unilever came second with a gain of N2.15 to close at N39 95, while Zenith International Bank...
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Oba of Benin makes historic visit to Abuja

Oba of Benin makes historic visit to Abuja

His Royal Majesty, Omo N, ‘Oba N’Edo Uku Akpolokpolor, Oba Ewuare II- Oba of Benin, on Wednesday made an historic visit to Abuja.  The Oba who arrived the Nnamdi Azikiwe International Airport at about 5:05p.m., was received by some Benin...
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Dakuku: Capacity building, sectorial reform critical to maritime security in Gulf of Guinea

Dakuku: Capacity building, sectorial reform critical to maritime security in Gulf of Guinea

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside has stated that capacity building initiatives and sectorial reforms are critical elements that can address maritime security issues in the Gulf of Guin...
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Ford to partner Mahindra on electric vehicles in India

Ford to partner Mahindra on electric vehicles in India

Ford Motor Company and its Indian partner Mahindra & Mahindra Ltd. could create their own electric car line in the country to help battle pollution from the vehicles clogging India’s roads, Chairman Anand Mahindra said.  Mahindra & Mahindra, which ...
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NPA Photo News

NPA Photo News

Executive Director of Nigerian Ports Authority (NPA),  Marine Operations, Sekonte Davies,(Middle), next on his left is   Executive Director,  Engineering and Technical Davies Services, Prof Idris Abubakar, General Manager, Corporate and Strategic Communica...
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NPA to deploy six security boats, fine-tunes welfare package for workers

NPA to deploy six security boats, fine-tunes welfare package for workers

By Moses Ebosele, ebosele@hotmail.com  –      The Managing Director of Nigerian Ports Authority (NPA), Hadiza Bala Usman on Tuesdaycontinued her interactive session with stakeholders of Rivers Ports Complex.  Addressing stakeholders comprising of...
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Ex Firstbank staff in court over alleged N7.1m fraud

Ex Firstbank staff in court over alleged N7.1m fraud

An ex-banker, Anthony Akhogie, was on Tuesday brought before an Igbosere Magistrates’ Court in Lagos for allegedly defrauding First bank of N7.1 million. Akhogie, 26, who resides at Mushin area of Lagos State is facing three-count charge of conspiracy, forge...
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Dana Air resumes flight operations

Dana Air resumes flight operations

Dana Air has resumed flight operations and apologised to its passengers for the delays experienced on Tuesday as a result of the disruption of its activities by the National Association of Aircraft Pilots and Engineers (NAAPE).  Communications Manager, Kingsl...
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Report: More than half of trucks in Apapa have no business in the Seaports

Report: More than half of trucks in Apapa have no business in the Seaports

A new report released by a leading maritime consulting firm reveals that more than half of the container trucks visiting Apapa, Lagos daily have no immediate business to transact at the port. The report, which stems from an independent study...
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Diamond Bank appoints Christopher Ubosi Non-Executive Director

Diamond Bank appoints Christopher Ubosi Non-Executive Director

Diamond Bank Plc has appointed Mr. Christopher Ubosi as a Non-Executive Director. Mr. Christopher Ubosi holds a B.Sc. in Quantity Surveying from the University of Ife and an M.Sc. from the University of Lagos, Nigeria.  According to the Bank, Mr Ubosi...
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