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How British Airways averted air mishap

Sunday, January 21, 2018
British Airways averted an air mishap after a pilot of one of its aircraft was forcefully removed from the cockpit by police. According to Fox News, police rushed on the plane and headed straight for the cockpit and forcefully led the first officer away. Passengers were shocked as their pilot ...

NSE All-Share Index crosses 45,000 mark

Saturday, January 20, 2018
Price of Some blue chips on the Nigerian Stock Exchange (NSE) on Friday rallied with GT Bank hitting all-time high of N54.71 per share. The News Agency of Nigeria (NAN) reports that the bank topped the gainers' chart with a gain of N2.60 to close higher at N54.71 per share. Unilever followed w ...

FG begs NPC workers to resume

Saturday, January 20, 2018
The Federal Government has appealed to aggrieved workers of the National Population Commission (NPC) to resume duty assuring them that their grievances were being addressed. Dr Chris Ngige, the Minister of Labour made the call at a stakeholders meeting to resolve the crisis in Abuja. Mrs Rita ...

Union Bank loses fight for dollar-filled Ikoyi flat

Saturday, January 20, 2018
Union Bank's fight for the repossession of the cash-filled Flat 7B Osborne Towers Ikoyi has ended up in smoke. A Federal High Court in Lagos dismissed the bank's claim today, ridiculed the bank as a busybody, just as the court ordered the permanent forfeiture of the property to the Federal Govern ...

Reps. take step at recovering $21b revenues from oil majors

Saturday, January 20, 2018
The house of representative has ordered an investigation on Thursday into whether the federal government could recover $21 billion in revenues from international oil companies operating in the country. This followed a report by minister of state for petroleum, Emmanuel Ibe Kachikwu, in December c ...

Nigeria sues JP Morgan Chase for $875mn over Malabu oilfield deal

Saturday, January 20, 2018
Nigeria has filed a claim against JP Morgan Chase for more than $875 million, accusing it of negligence in transferring funds from a disputed 2011 oilfield deal to a company controlled by the country's former oil minister. A spokeswoman for JP Morgan dismissed the accusation on Thursday, saying t ...

Why we can't establish plant in Nigeria: Samsung

Friday, January 19, 2018
Samsung Electronics has said that one of the reasons for not establishing a manufacturing plant in Nigeria is because its market share in the country is not big enough. Mr Sung Yoon, the Chief Executive Officer of Samsung Electronics Africa, made this known during an interactive session with new ...

FG plans to raise 110 bln naira at bond auction

Thursday, January 18, 2018
The federal government plans to raise 110 billion naira by selling sovereign bonds with maturities of five and 10 years on Jan. 24, 2018. This was disclosed to newsmen by the Debt Management Office (DMO) on Wednesday. According to the report by the debt management office, the bond is in two categ ...

Miyetti Allah gives conditions for peace, says it has lost 1000 people, 2 millio

Monday, January 15, 2018
The Miyetti Allah Cattle Breeders Association (MACBAN), has pushed back on the national outcry against the deadly activities of its members, saying that they have lost over 1000 people including children, women and the aged and over 2 million cattle to ethnic militias. In the statement signed b ...

Arik Air flight makes air return after reaching destination

Sunday, January 14, 2018
Arik Air flight traveling from Lagos to Asaba, Delta State, made a sudden turn midair on Friday evening after it reached its destination but was told that the airport was closed for the day . Flight W3 628 had to return to the Murtala Mohammed International Airport, Lagos, with the disappointed ...

9Mobile: Glo Denies Buying 9Mobile

Saturday, January 13, 2018
Some media reports have indicated that telecoms company which is up for sale, 9Mobile has been bought by telecoms giant Glo. Glo however has distanced itself from the false reports. The story had insinuated that Glo was the preferred bidder to acquire telecommunications company, 9Mobile. A p ...

Appeal Court affirms forfeiture oder on Patience Jonathan's $5.8m

Saturday, January 13, 2018
Patience Jonathan, wife of Nigeria's former president, Dr. Goodluck Jonathan, is to forfeit $5,842,316.66 and N2,421,953,522.78 traced to her account, According to a tweet by the Economic an Financial Crimes Commission (EFCC), this order was made by the Court of Appeal in Lagos which uph ...

Chinese investors mull multi-billion dollars investment in Nigeria

Saturday, January 13, 2018
A group of Chinese investors on Friday expressed determination to invest multi-billion dollars in the Nigerian economy. The group led by Mr Shaui Jiang, a Chinese businessman and Mr Emmanuel Uwechue, a renowned Nigerian artist based in China said the group was interested in energy, agriculture an ...
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