Business

Breaking News: CBN Takes Over Skye Bank, Changes Name To Polaris Bank

  The Central Bank of Nigeria (CBN) Governor Godwin Emefiele said that the Apex institution has taken over Skye Bank Nigeria Plc. Emefiele, who disclosed this today at a media briefing in Lagos, added that CBN has changed the name Skye Bank to Polaris Bank. He also disclosed that CBN has injected a total of N786 […]

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Court Grants 8 Ile-Epo Market Leaders Bail After 120 Days In Detention

    Eight leaders of Araromi/Ile-Epo Oke-Odo Market, In Alimosho Local Government Area of Lagos State who have been in prison custody since April 13, 2018, today, regained their freedom, as a Federal High Court sitting in Lagos granted their bail application filed before the court. The eight market leaders are: Livinus Njoku, 54, Lawal […]


SAHCOL Wins Air Namibia Lagos Ground Handling Contract

  The Skyway Aviation Handling Company Limited (SAHCOL) has won the contract to provide aviation ground handling services to Air Namibia at the Murtala Muhammed International Airport(MMIA) Lagos. According to a statement issued by the Acting Managing Director, SAHCOL, Mr. Basil Agboarumi The new contract, Agboarumi stated would see SAHCOL providing unequalled passenger, ramp and […]


N78M Fraud: Court Grants BDC Operator N25M Bail

    A Federal High Court, Lagos, today admitted bail in the sum of N25 million with two sureties each in like sum, to a Bureau De Change operator, Alhaji Samaila Abubakar, who was charged before the court over alleged N78 million fraud. Justice Babs Kuewumi, who presided over the court, also ordered that the […]


Police Arraigns BDC Operator Over N78M Fraud

    A Bureau De Change Operator, Alhaji Samaila Abubakar, was today, arraigned before a Federal High Court sitting in Lagos on charges bordering on obtaining the sum of N78 million under false pretence. Men of Federal Criminal Intelligence and Investigation Department (FCIID), Alagbon, Lagos had in charge number FHC/L/122c/18 alleged that the Nigerien BDC […]


$300M Fraud: EFCC Urges Court To Dismiss Aiteo Energy Resources Suit

 By Gbenga Ogunbufunmi   A Federal High Court sitting in Lagos today adjourned till September 27, 2018 judgement in the  Fundamental Rights suit filed by a limited liability company, Aiteo Energy Resources Limited and three officials of the company against the Economic and Financial Crime Commission(EFCC), over allegation that the company  laundered $300 million for […]


N131.2M Fraud: Court Summons UBA, FCMB to Explain Roles

    A Federal High Court sitting in Lagos, today, ordered United Bank for Africa (UBA)and First City Monument Bank(FCMB), to appear before it to explain their roles in an alleged N131.2 million fraud charge. Justice Hadiza Rabiu-Shagari, gave the order during the trial of four accused persons, who were arraigned before her court by […]


ATSSSAN, NUATE’s Threats: Acts Of Lawlessness, Says Bi-Courtney

  …Says Affected Staff Attained Retirement Age, Others Not Diligent In Their Duties.   Bi-Courtney Aviation Services Limited (BASL), operators of the Murtala Muhammed Airport Terminal Two (MMA2), has described as acts of lawlessness the threats by two of the unions in the aviation sector, the Air Transport Services Senior Staff Association of Nigeria (ATSSSAN) […]


NAHCo, Unions Parley Over Planned Sack Of 20 Workers With Health Challenges

    Feelers reaching AbelNews desk says the Nigerian Aviation Handling Company (NAHCo) Aviance is planning to lay off about 20 workers over health challenges. The online platform further gathered they are to be laid off in an exercise called, ‘Staff Optimisation in NAHCo and that the ground handler decided to carry out the exercise […]


House Summons Fmr. Arik Air Chairman, Ecobank MD Over N2Trn CBN Intervention Funds

  For failing to clarify the use of N2 trillion intervention funds given to it by the Central Bank of Nigeria (CBN) the House of Representatives Ad Hoc Committee on Central Bank of Nigeria Wednesday summoned the former Chairman of Arik Air, Mr. Johnson Ikedi Arumeme . Also invited was the Managing Director of Ecobank , […]