Tinubu's daughter scoffs at traders, installs leadership of Computer Village Folashade Tinubu-Ojo, the Iyaloja-General of Lagos state, brushed aside the wild protest that took place at Computer Village on Tuesday, and went ahead to install the Iyaloja and Babaloja, at the Computer Village, Lagos. Christined Association of Commodity Market Women and Men of Nigeria (ACMWMON), Tinubu-Ojo, who is the President-General, carried...... read more
Tinubu’s daughter to Computer Village traders: Protest won't stop me from controlling your market Daughter of former Lagos State Governor and Iyaloja General of Nigeria, Mrs Folashade Tinubu-Ojo, has dismissed the mounting protest against her at the Computer Village market in Lagos, the appointment of Iyaloja and Babaloja in the market was within her powers to do. Explaining that the traders who organised and carried out the protested on...... read more
Zenith Bank posts, N50.234 profit for first quarter *Why we're still on top Zenith Bank Plc has recorded a profit after tax of N50.234 for the first quarter ended March 31, 2019, saying its market dominance remained linked to improved profitability. The bank unaudited financials for the first quarter ended March 31, 2019, released on the Nigerian Stock Exchange (NSE) showed a growth of...... read more
Dangote: Just to confirm my wealth, I withdrew $10million in one day just to look it Ever wondered how $10million in cash would look like and the feeling the sight of it spread on your bed would conjure in you, knowing that you are the owner, especially if you are just realising how wealthy you were? Then, you must listen to Africa’s richest man, Aliko Dangote, who...... read more
BREAKING: Court orders Innoson to take over GT Bank over N9billion debt It seems to be bad news for one of Nigeria’s finance giants, Guarantee Trust Bank (GTBank), as its assets have reportedly fallen into the hands of Innocent Chukwuma, Chairman, Chief Executive Officer (CEO), Innoson Nigeria Limited, Nigeria’s first indigenous private vehicle manufacturer. A Federal High Court in Awka, ordered the bank...... read more
BREAKING: NSE suspends trading in Diamond Bank shaes Trading in the shares of Diamond Bank Plc has been placed on full suspension following the court sanction of the Scheme of Merger with Access Bank Plc. The Nigeria Stock Exchange, in a notification to its dealing members posted on its website on Wednesday, said that the full suspension takes effect...... read more
Fallout of 2015 House speakership: Falana sues Gbajabiamila Lagos lawyer Femi Falana and the Majority Leader of the House of Representatives, Femi Gbajabiamila are to square up in court for the latter’s failure to pay N20 million professional fee for the legal services which the former’s legal firm rendered to him in 2015. Falana & Falana Chambers, in the writ...... read more
Obi brought SABmiller to Nigeria and not International Brewery — Aide The Media aide to Peoples Democratic Party (PDP) Vice Presidential Candidate, Mr. Valentine Obienyem, has clarified the recent statement by his boss, Mr. Peter Obi, that he brought International Brewery to Nigeria. In a statement made available to the press on Friday, Mr. Obienyem said his boss meant to say South...... read more
With Royal Oaks Centre, events management means excellent services - Ikpea-Enaholo The Managing Director of Royal Oak Centre Mrs Augusta Ikpea-Enaholo has pledged scaled up services in the Events Venue and Party Rental Sector of the Hospitality industry. Speaking ahead of the grand opening of Royal Oaks Centre, at the Lekki-Epe Axis of Lagos, Augusta Enaholo said though the sector was buzzling...... read more
Like Dangote, Otedola goes into refining, sells off Forte Oil Another huge entrance into the refining aspect of the Nigerian oil business may be in the offing, with the announcement of billionaire oil mogul, Femi Otedola, that he is taking a bite at the apple, coming on the heels of the huge investment of his pally, Aliko Dangote. Otedola, for starters,...... read more
BREAKING: Buhari surrenders to Labour, backs new National minimum wage A new minimum wage of N30, 000 has been endorsed by President Muhammadu Buhari after the Tripartite Committee on National Minimum Wage presented their report. The President gave the approval on Tuesday shortly after the report of the committee was presented to him. The latest move by the President has essentially...... read more
How Access Bank stole N350million from my account, another Igbo businessman cries out Nigerians may soon witness another serving of the Innoson-GTBank saga, as another edition of transaction gone-sour is breaking out between Access Bank Plc, and one of its customers, Mr Pascal Nwabueze Innocent, who is alleging that the bank stole a whopping N350million from his two accounts in Abuja. Nwabueze, a businessman,...... read more
Don't embark on strike, NNPC begs NUPENG, PENGASSAN The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has asked oil workers to suspend their planned strike over a labour dispute involving the Management of Chevron Nigeria Limited (CNL) and its staff. The unions are the National Union of Petroleum and Natural Gas Workers (NUPENG) and the Petroleum...... read more
$10.1bn: Go after MTN, NLC gingers federal government The Nigeria Labour Congress (NLC) has backed the federal government to spare no effort in ensuring that MTN refunds $10.1 billion. NLC president, Ayuba Wabba in a statement issued on Sunday, urged MTN to comply with the federal government’s directive. The Central Bank of Nigeria had alleged that the telecommunications company...... read more
Onitsha Keke Operators Protest N300M Illegal Levies Business activities in Awka capital Anambra State were disturbed when on Wednesday, when over 5,000 operators of commercial tricycles (aka) keke took over the streets in protest over what they claimed was the forceful extortion by agents of the state government. They particularly complained that no less than N300million are forcefully...... read more
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