Business

SEC, Oando’s Dispute: Attempts By Wale Tinubu, Other To Join Suit Opposed

    Story by Gbenga Ogunbufunmi Counsel to the Securities and Exchange Commission (SEC) Chief Anthony Idigbe (SAN) on Monday, opposed an application for joinder, in a suit before a Federal High Court Lagos, by two Chief Executive Officers of Oando Plc, seeking rights enforcement. The suit was filed by the Group Chief Executive Officer […]

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NCAA Begins Demolition Of Globacom, UBA, Access Banks, Others Masts Nationwide

  …Action To Affect 8,805 Masts The Nigerian Civil Aviation Authority (NCAA) has stated that it would commence demolition of telecommunication masts of Globacom Nigeria Limited, UBA, Access Banks and others in different locations within Nigeria with immediate effect. This was disclosed in an online statement statement issued by the General Public Relations, Mr. Sam […]


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Atuche’ s Trial : Court Subpoena Keystone Bank

  Story by Gbenga Ogunbufunmi A Federal High Court Lagos, has fixed November 11 for further trial of a former Managing Director of defunct Bank PHB, Mr. Francis Atuche, standing trial over N125billion fraud. This is as keystone Bank Limited was subpoena by the court to come and provide some documents necessary for the prosecution […]


FG Orders MultiChoice To Review Tariff On Subscription

    The Federal Competition and Consumer Protection Commission (FCCPC) has given final order to MultiChoice Nigeria Limited, owners of DStv and Gotv to review its tariff on subscription rates to its cable television services. This is just as the Commission said that the directives in the Final Order were no longer a matter of […]


Vehicle Manufacturing Initiative: SON To Partner Nigeria Army For Viability

    The Standards Organisation of Nigeria (SON) has stated that it would collaborate with the Nigerian Army to ensure that its vehicle assembly plant known as the Nigeria Army Vehicles Manufacturing Company (NAVMA) at Rigachikun, Kaduna State become effective. The Director General, SON, Osita Aboloma said this while inspecting the Nigeria Army Vehicles Manufacturing […]


SEC To Quash Court Order Restraining It From Sacking Oando Board, Management

  The Securities and Exchange Commission (SEC) has indicated its interest to quash the court order restraining the Commission from sacking Oando Plc board and management. SEC had given Oando Board and its management directives to resign. The decision to quash the court order was contained in a release by the commission on Sunday. In […]


Disputed Debt: Honeywell Is Not Indebted To Ecobank, Says Court

    …We Are Appealing The Judgment–Ecobank   A Federal High Court sitting in Lagos today, held  that Honeywell Flour Mills Plc and its sister companies; Anchorage Leisures Limited and Siloam Global Limited are no longer indebted to Ecobank Nigeria Limited. Justice Ayokunle Faji made the declaration today while delivering judgement in a suit filed […]


Access Bank, Etiebet Dispute: We Are Settling Out Of Court, Parties Tell Appeal Court

    Story by Gbenga Ogunbufunmi     The Lagos Division of the Court of Appeal has been informed by the former Petroleum Resources Minister, Chief Don Etiebet and Access Bank PLC., that the decision to settle the multiple court cases arising from claim and  counter – claims between the former and the later over […]


(Breaking): Presidency Orders Clearance Of Apapa Gridlock

    The Presidency has ordered the  immediate clearance of the Apapa gridlock and the restoration of law and order to Apapa and its environs within 14 days. The Presidency also directed trucks and tankers operators to vacate the Port Access Roads within the next 72 hours. The Presidency gave the directive in a statement signed […]


SAHCO PLC Lists On Nigerian Stock Exchange

    Skyway Aviation Handling Company (SAHCO) PLC has been listed on the Nigerian Stock Exchange (NSE) with 1,353,580,000 shares priced at N4.65 few months after going public. This event which took place at the Trading Floor of the NSE, was attended by SAHCO’s Board of Directors, Top Management of SAHCO,NSE, Bureau of Public Enterprise(BPE) […]