Business

Obaseki Approves Disbursement Of Grant To  Ekiosa, Oba Market Fire Victims

  The Edo State Governor, Mr. Godwin Obaseki, has approved the immediate disbursement of grant to victims of Oba Market and Ekiosa Market fire incidents. In a statement today, the  Secretary to the State Government, Osarodion Ogie  said the grant was approved by the governor to alleviate the plight of victims of the fire in […]

Read More

$47M Debt: Again, Court Refuse To Hear Shoprite’s Application To Lift Injunction

  Story By Gbenga Ogunbufunmi   For the  second time in one week, a Federal High Court, Lagos, has refused to hear Shoprite Checkers (PYT) application, seeking to lift the mareva injunctions restraining the retail store from moving  out of the country over a  debt of $47 million. The court presided over by Justice Nicholas […]


Edo Modular Refinery To Earn $125M Annually From Naptha Export

  …Reset State’s Economy   The Edo Modular Refinery developed by Edo Refinery and Petrochemical Company Limited (ERPC) with support from the Edo State Government is to earn about $125million foreign exchange from the exportation of Naptha, which is one of the major products from the facility. Chairman of ERPC, Michael Osime, who disclosed this […]


Obaseki Congratulates Adesina On Reelection As AfDB President

    The Edo State Governor, Mr. Godwin Obaseki, has congratulated the President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, on his re-election to lead the bank for another five-year term. The governor, in a statement, said Adesina’s clinching of another term in office was well-deserved, given his performance and immense contribution to […]


Agricultural Products: NEPC Appeals To FG For Assistance

  …As Global Logistics, NAHCO Promise To Assist Council Nigerian Export Promotion Council (NEPC) has appealed to the Federal Government to assist in the area of processing of products in the non oil export, as the loss in the packaging of agricultural products was huge This is just as NEPC revealed that the informal sector […]


Court Halts Shoprite’s Move To Exit Nigeria Over Alleged $47M Debt  

    Story By Gbenga Ogunbufunmi   The Proposed move by the promoters of the largest retailing store in Nigeria, Shoprite Checker (PYT) to quit the country or have its assets, both movable and immovable, dissipated, has been halted by a Lagos Federal High Court sitting in Lagos. The proposed move by Shoprite Checker’s promoters […]


Zenith Bank Inserted N18B Illegal Charges On Stallion Group Account–Vaswani

  …Denies N23B Indebtedness     Story By Gbenga Ogunbufunmi   As the rift between Zenith Bank PLC and Stallion Group of companies over alleged indebtedness of  N23, 388, 188, 756. 049 billion owed by  the conglomerate to the bank deepens,  the key promoter of the conglomerate, Mr Sunil Vaswani while denying the indebtedness,  has […]


We Are Ready For International Flights–NAHCO, SAHCO PLCs 

  …Say Airlines’ Indebtedness To Ground Handlers Is Huge,  …As Fmr. NAHCO Boss Urges Handlers To Ensure They Benefit From FG Palliatives The Group Managing Director of Nigerian Aviation Handling Company (NAHCO) Aviance PLC, Mrs. Olatokunbo Fagbemi and the Managing Director/Chief Executive Officer of Skyway Aviation Handling Company (SAHCO)PLC, the leading handlers in the country, […]


How First Bank Officials Used My Account To Commit N14M Fraud–School Proprietor

    Story By Gbenga Ogunbufunmi   A customer with First Bank Plc, Mr Afolabi Nasiru, has told a Special Offences Court, Ikeja, Lagos, how his account with the bank was used in perpetrating N14 million fraud. Afolabi, a media agent and a school proprietor, made the sterling revelations while defending himself before Justice Mojisola […]


Aggrieved Ex- UBA Staff Ask Court To Restrain Bank From Tampering With Their Accounts

    Story By Gbenga Ogunbufunmi   Former staff of the United Bank for Africa (UBA) Plc, who alleged that they were wrongly disengaged from the service of the bank have again dragged the bank before National Industrial Court of Nigeria (NICN), Lagos. The staff are seeking an order of interlocutory injunction restraining UBA Plc […]