Business

Ecobank Board: Shareholders Elect Okonedo To Replace Arunma Oteh  

  …Showers Encomium On Ikazoboh   Shareholders of Ecobank Transnational Incorporated (ETI) have elected Prof. Enase Okonedo and Mr Simon Dornoo respectively as board members of the bank. A statement issued by the bank’s Group Head Communication, Adenike Laoye, stated that the election took place at the Bank’s 32nd Annual General Meeting (AGM), held in […]

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NBC Orders MultiChoice To Suspend New Tariffs

      As subscribers continue to groan over the new tariffs introduced by MultiChoice for different bouquets on its Digital Satellite Television (DSTV), the Acting Director General of Nigerian Broadcasting Commission (NBC), Mr. Armstrong Idachaba, has ordered the management of the organisation to suspend the implementation of its new hike This is just as […]


SEC Disowns Activities Of iBSmartify Nigeria

  …Says Entity, Its Illegal Products Not Registered Or Regulated By The Commission …Lists 13 Entities Promoting Ponzi, Other Fraudulent Schemes     The Securities and Exchange Commission (SEC),Nigeria has disclaimed the activities of iBSmartify Nigeria  and that  both the organisation and  the illegal products they offer are not registered or regulated by the Commission. […]


Ikeja Electric PLC To Implement New Tariff July 1

  Ikeja Electric PLC today stated that it would begin the implementation of the new tariff July 1 . This is just as the organization stated that the implementation of new tariff was subject to the approval of the regulator but that it is necessary for performance improvement expected by customers. The intention to implement […]


Post COVID-19 : IAP Boss Urges FG To  Give Zero Interest Loans To  SMEs

      The Executive Director, Independent Advocacy Project (IAP) and Media Chair, OneVoice Coalition, Lagos Nigeria, Pastor Adedeji Adeleye has said that the Federal Government   must give soft loans to the poor and also allow  Small and Medium Enterprises (SMEs)  access zero  interest  funds from the Central Bank of Nigeria  to revamp the Nigerian […]


(BREAKING)15 Former African Presidents Sign Letter Backing AfDB Boss, Adesina

  Former 15 African Presidents have released a jointly signed press statement titled, “Concerned African Leaders” signed today backing the President of the African Development Bank (AfDB), Dr. Akinwumi Adesina. In the letter the 15 past Presidents contended that Adesina has been doing a remarkable job in steering the organization and that the Bank under […]


 Obasanjo Writes Ex. African Presidents, Seeks Support  For AfDB’s Adesina

  Former President of Nigeria, Chief Olusegun Obasanjo, has urged ex. African Presidents to support the President of African Development Bank (AfDB), Dr Akinwumi Adesina, following the planned independent and  controversial ‘probe’ from outside the African region. To start with Obasanjo enumerated some of the achievements of the former Minister of Agriculture as the President […]


AfDB Board Bows To US Pressure For Independent Investigation Of Adesina

  The Board of the African Development Bank (AfDB) has bowed to pressure and finally agreed to US demand for an independent investigation of the bank’s President Akinwumi Adesina. AFDB’s Board decision is coming on the heels of the US Treasury Secretary Steven Mnuchin,, rejection of the investigative and report of the bank’s ethics board […]


COVID-19: Licenced Customs Agents Tackle SAHCo, NAHCo Over Payment Of Demurrage

  …No Going Back SAHCo Insists … As ANLCA Appeals To FAAN, SGF To Intervene   The Association of Nigerian Licensed Customs Agents (ANLCA), Murtala Muhammed Airport (MMA), Lagos Chapter has frowned at the insistence by the Nigerian Aviation Handling Company (NAHCO) PLC and the Skyway Aviation Handling Company (SAHCO) PLC  that ANLCA members must  […]


50 Nigerian Crude Oil Cargoes Stranded In Market Due To COVID-19— NNPC

  The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has disclosed that Nigeria has about 50 cargoes of crude oil that have not found a landing in the market as result of the Coronavirus pandemic. According to NNPC, what this means is that there are no off-takers for them for now due […]