BREAKING: Lagos judge orders arrest, detention of Innoson's boss, Chukwuma It is another set of travails for the Chairman and Chief Executive Officer (CEO) of Innoson Vehicle Manufacturer (IVM), Chief Innocent Chukwuma, as a Lagos High Court, on Friday, ordered his arrest and detention. The court sitting in the Ikeja and presided ove by Justice Mojisola Dada, gave the order against,...... read more
BREAKING: S’African-born Chinese billionaire buys Los Angeles Times for $500million Billionaire physician and investor Patrick Soon-Shiong who was born in South Africa to Chinese parents agreed on Wednesday to buy the Los Angeles Times, in a move aimed at reviving the fortunes of the newspaper amid recent turmoil. Publishing group Tronc Inc. said it reached a deal to sell the LA Times and San Diego Union-Tribune...... read more
BREAKING: Abuja runway reopens 30 minutes after 'skid scare' The Federal Airports Authority of Nigeria (FAAN) has reopened  the runway of the Nnamdi Azikiwe International Airport, Abuja. This was made known via their twitter handle where they notified Passengers that situation that led a private jet to skid off runway has been ratified. The full release... read more
BREAKING: Private jet skids off, FAAN shuts down Abuja runway The Federal Airports Authority of Nigeria (FAAN) has closed the runway of the Nnamdi Azikiwe International Airport, Abuja. The runway will be closed for 30 minutes, according to FAAN. “This is to enable the Authority take safety precautions, as a private jet being operated by Nest Oil has just skidded off...... read more
Fuel Scarcity: Senate serves NNPC one week ultimatum The Senate, on Thursday, issued a seven-day ultimatum to the Federal Government and the Nigerian National Petroleum Corporation (NNPC) to, within one week, end queues in fuel stations across the country. The resolution followed the unanimous adoption of an interim report of the joint committee on Petroleum Resources over the lingering...... read more
Lagos Governor moves to clamp down on NURTW Lagos state governor, Akinwunmi Ambode has threatened to ban the activities of the National Union of Road Transport Workers (NURTW) in the state if the union's leaders fail to stop the violent activities of their members.  At the end of the security council meeting in Lagos, the state government ordered the...... read more
Access Bank to pay N200million to media firm over unlawful account freeze Access Bank PLC, may be coughing out a whopping N200million in penalty to an Abuja-based media firm, Image Merchants Promotion Limited and its promoter, Mallam Yushau Shuaib. if the legal suit slammed on it by the two succeeds in court The bank is facing the challange over an alleged unlawful freezing...... read more
Nigerian bank approves paternity leave for Fathers Access Bank Plc has asked its male employees to take advantage of its paternity leave policy approved in January. In a statement on Wednesday, the bank said the policy would foster an inclusive workplace. It also said that the policy offered paid leave to all new parents at the bank, including...... read more
Fibre optic agreement: We're not owing FG, Dangote subsidiary Alheri Engineering Company Limited, a subsidiary of Dangote Group, has denied owing the Federal Government $75.5million (about N27.18billion) over fibre optic agreement. The company, in a statement by its Director, Legal and Regulatory Services Azeez Adebayo. described the accusation levied against it by the government, as wrong and misrepresentation of facts. “It is...... read more
Court fires 9mobile interim board as Spectrum warns Buyers The Federal High Court, Ikoyi has nullified the Ex-Parte Order earlier issued on 3rd July 2017 approving the appointment of an Interim Board for Emerging Markets Telecommunications Service (EMTS), the fourth largest telecommunications  service operator in Nigeria. The nullification follows dismissal by Justice Ibrahim Buba of the Federal High Court, the...... read more
Dangote maintains richest man status in Africa For the seventh year in a row, President and Chief Executive of Dangote Industries Limited, Aliko Dangote was adjudged as the richest man in the continent of Africa with a net worth that Forbes pegged at $12.2 billion. That was an increase of $100 million from a year ago. Bill Gates...... read more
Fuel queues resurfaces, cripples economic activities in Abuja Petrol scarcity that abated last week was worse off on Wednesday in the Federal Capital Territory (FCT) with motorists queuing in the few petrol stations that had products the Premium Motor Spirit (PMS). The situation resulted in endless queues in most of the Nigerian National Petroleum Corporation (NNPC) affiliate stations that...... read more
Pump price: Oil Marketers surrender, seek soft-landing Petroleum marketers have agreed with the Federal Government to allow the pump price of petrol to remain at N145 per litre, changing their previous stance on the pricing of the commodity. On Tuesday, the Chairman, Depot and Petroleum Products Marketers Association (DAPPMA), Dapo Abiodun, had stated that the marketers could no...... read more
Another fuel scarcity looms as Oil Marketers insist on jacking up pump price Following the scarcity of fuel, marketers have insisted that they could no longer import Premium Motor Spirit (PMS) popularly known as petrol at a controlled price of N145 per litre. The chairman of Depot and Petroleum Marketers Association of Nigeria, Dapo Abiodun stated this at the end of a meeting stakeholders...... read more
Make Innoson official vehicle for public servants, Obi begs FG, states Former Governor of Anambra State, Mr. Peter Obi, has appealed to Nigerians to transfer the solidarity recently shown to Nigeria’s first private indigenous vehicle manufacturer, Innoson Motors, to massive patronage of his products. He particularly asked the federal, state and local governments to make the Innoson brand the official vehicles for...... read more
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