Fire guts Amigo supermarket, Abuja prime shopping complex Goods worth millions of Naira, were gutted by a mid-day fire on Tuesday, at Amigo Supermarket, one of the most prestigious shopping complexes in Abuja, Nigeria’s capital. Fire fighters were said to have battled for hours to put out the inferno, which was said to have started about 1.30pm at a...... read more
Jubilation, as Air Peace lands in Dubai *It’s a big boost to Nigeria – Obi Former Governor of Anambra State, Peter Obi, has asked Nigerians to give full support to Air Peace, another Nigerian private airline which took leap into the international airspace on Thursday. Highly elated at the historic event, Obi, Vice Presidential candidate of the Peoples Democratic Party (PDP), commended the Chief Executive Officer...... read more
Forgery: Court orders arrest of Chukwuma, Innoson boss The Federal High Court in Lagos on Monday issued a bench warrant for Innoson Nigeria Ltd Chairman Innocent Chukwuma and two others. Justice Ayokunle Faji made the order following an application by prosecuting counsel Julius Ajakaiye. The lawyer prayed the court to order Chukwuman’s arrest for failing to appear in court...... read more
BREAKING: Otedola dumps oil for power generation, disposes stakes in Forte Oil for N64.38billion Femi Otedola, Nigeria's celebrated oil magnate, on Wednesday announced a major plunge into the power generation business of the Nigerian economy, in favour of the oil industry, where he has carved a niche for decades. Coming with this is his decision to quit from Forte Oil Plc by divesting his 75...... read more
Closure of AIT: It’s blatant illegality – SERAP *Says Nigeria’s democracy under threat The Socio-Economic Rights and Accountability Project (SERAP), on Friday, joined in the condemnation of the closure of the operations of the African Independent Television (AIT) and Raypower FM, saying it constituted a threat to the nation’s democracy. The National Broadcasting Commission (NBC), had announced the suspension of the operating licence of...... read more
AIT closure: We're back to Abacha era, Nigerians react *Why we struck – NBC Nigeria is back to the forgotten days of full dictatorship witnessed during the military era in the country, particularly those of Generals Sani Abacha and Ibrahim Babangida, when media houses were shut down by military fiat. This was the aggregationa of opinions, as Nigerians rose in outburst of anger and condemnation...... read more
Federal Government revokes Abiola's oil license, four others Summit Oil is owned by the family of the late Chief Moshood Kashimawo Olawale (M.K.O.) Abiola is among the five oil wells, which licenses were revoked by the Department of Petroleum Resources (DPR) in one of the latest measures in the oil industry. The revocation of the five Oil Mining Licenses...... read more
Dokpesi: Presidency wants to kill AIT *Leads protest to NASS *The NBC connection Nigeria’s first privately owned broadcast stations, African Independent Television and Ray Power FM, are about to pushed out of operation, founder of DAAR Communications, their parent body, Chief Raymond Dokpesi, said on Thursday. Dokpesi, who specifically fingered the Director General of the National Broadcasting Commission (NBC), Mr. Ishaq Modibbo Kawu, in...... read more
FrieslandCampina WAMCO fetes 1,000 Dairy farmers to mark 'World Milk Day' FrieslandCampina WAMCO, makers of Nigeria’s leading dairy brands, Peak and Three Crowns treated over 1000 dairy farmers, to a surprise Peak Breakfast as part of activities to celebrate the 2019 World Milk Day. Addressing farmers at the event in Iseyin, Oyo State, the Managing Director, FrieslandCampina WAMCO, Mr. Ben Langat, commended the dairy...... read more
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
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