Business

Pictorial News) NAHCo Receives Award For Consistent, Unbroken Payment Of Dividend To Shareholders For 11 Years

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How Saraki, Others’ Unpaid Loans Led To Liquidation Of Intercontinental Bank, Akingbola’s Prosecution–EFCC Witness

    Story by Gbenga Ogunbufunmi   A Federal High Court, Lagos, today, was told how intrigues over billions of Naira loans taken by the Senate President, Bukola Saraki, his father, Dr Olusola Saraki and others from the defunct Intercontinental Bank Plc, led to the takeover of the bank and the prosecution of the bank’s […]


Nigeria Begins Talks With Cape Verde On Air Transport

    The Federal Government of Nigeria said that it has commenced talks with Cape Verde on plans by the latter to begin air transport deal in line with existing Bilateral Air Service Agreement (BASA) between the two countries. Minister of State for Aviation, Senator, Hadi Sirika disclosed this shortly after a meeting with Cape […]


How My Accounts Were Used To Laundered N800m For Ex- NDDC Executive Director–Witness

    By Gbenga Ogunbufunmi     The Economic and Financial Crimes Commission (EFCC) today commenced the trial of a former Director of the Niger Delta Development Commission (NDDC), Engineer Tuoyo Omatsuli and three others over alleged N3.6 billion fraud at a Federal High Court in Lagos. The anti-graft agency had on the 8th of […]


35 Airlines Confirmed For Inaugural CONNECT Middle East, India, Amp Africa Forum In Dubai

    More than 30 airlines have confirmed their participation at the inaugural CONNECT Middle East, India & Africa co-located with Arabian Travel Market 2019,which is taking place at Dubai World Trade Centre on Tuesday, April  30 and Wednesday, May 1. Senior network planning teams from a wide range of legacy and low-cost carriers including […]


N10M Fraud: First Bank, 3 Others Trial Begins May 13

      By Gbenga Ogunbufunmi The trial of First Bank Plc, its Trade and Relationship Manager, Mazamaza Branch, Innocent Chidozie Amadi and two others, over alleged N10, 015, 172, million fraud, before a Federal High Court, Lagos, has been fixed for May 13. Two others to face trial alongside First Bank Plc and its […]


Access Bank Declares N95B Profit For 2018

    Access Bank Plc today; Friday declared a profit after tax of N95 billion for the financial year ended December 31, 2018. The profit after tax grew by 58 per cent compared with N60.07 billion recorded in the corresponding period of 2017. The bank’s audited result released by the Nigerian Stock Exchange (NSE) indicated […]


EFCC Arraign Ecobank, Staff Over $60,000, N9. 2M Fraud

      Story Gbenga Ogunbufunmi   The Economic and Financial Crimes Commission, (EFCC), today arraigned Ecobank Nigeria Plc and a staff of the bank, Mr Anieka Udoh before a Federal High Court , Lagos on a five count charge of alleged Advance Fee  Fraud and other Fraud Related offence, Act.(419) . According to the […]


Caverton Helicopters Picks Thales To Supply Reality H Full-Flight Simulator

    …Facility Will Contribute To Improving Overall Safety   Caverton, a key aviation and marine logistics player for the Nigerian oil and gas industry sector has concluded arrangements to deliver AW139 Simulator training to pilots. This move is a key step forward in Caverton’s strategic move into flight simulation training services. As a result, […]


SAHCO PLC Restates Commitment To Hitch-Free Agro Export Opportunity

    Skyway Aviation Handling Company PLC (SAHCO) has restated its commitment to ensure farmers have hitch-free export opportunity in Nigeria through the provision of world class storage facilities and logistics support for farmers and exporters. The Managing Director/CEO of SAHCO PLC, Mr. Basil Agboarumi stated this during a Forum with ABX World and Agro […]