Business

Transport Sector Requires Huge Financial Investment To Thrive –Kuru, AMCON Boss

  The Managing Director/Chief Executive Officer, Asset Management Corporation of Nigeria (AMCON), Mr. Ahmed Kuru, has stated that the transport sector requires huge capital investment to make it work optimally for the good of the Nigerian people. He said this while presenting a paper titled,” AMCON’s Intervention in Transport and Allied Sector: Achievements, Challenges and […]


Boeing Signs Global Distribution Agreement For GE Aviation T700 Engines

    Boeing through its subsidiary Aviall today said it signed a multi-year parts distribution agreement with GE Aviation to support the T700 engine. Under this agreement, Aviall will market and distribute components needed to support the maintenance, repair and overhaul of the GE T700 engine models that power civil and international military helicopters for […]


Dubai Deputy Ruler Opens 25th Edition Of Arabian Travel Market

  The Deputy Ruler of Dubai, His Highness Sheikh Maktoum Bin Mohammed bin Rashid Al Maktoum,has officially declared opened Arabian Travel Market (ATM) 2018 This just as the Middle East’s largest travel and tourism event celebrates 25 years of industry milestones and the unveiling of this year’s marks the start of the 25th edition of […]


Court Orders Wema Bank To Pay Us Based Model N10M For Passing-Off

    A Federal High Court has ordered Wema Bank Plc, to pay the sum of N10 million, to a 22 year-old Nigerian Model based in United State of America, Miss Nneoma Anosike, for using her picture to marketing its product, without her knowledge. The court presided over by Justice Ibrahim Buba, also ordered Wema […]


Fake Dangote Sugar: Accused Plea Bargain Suffers Set-Back

    Attempt by a Lagos based businesswoman, Mrs. Olufunmilayo Esther Akinsanya, who is standing trial before a Federal High Court, Lagos, for allegedly counterfeiting Dangote Sugar, to plea bargain to the criminal charge, today, failed, as the court directed the prosecution to complied with the section of law guiding plea bargain. The 75 years […]


Alleged N2.9B Fraud: FCMB, GTBank Testify In Orji Kalu’s Trial

    A compliance officer with First City Monument Bank (FCMB), Olusegun Adesomoju, yesterday told Justice Mohammed Idris of the Federal High Court, Lagos that he had no idea about the purpose of cash lodgements into the Finbank account of Slok Nigeria Limited between March 2001 and September 2005. He made the disclosure while testifying […]


Corporate Governance Rating: NAHCo Boss Hails Company’s Board

    …Says Certification Highly Remarkable   The Managing Director/Chief Executive Officer, Mr. Idris Yakubu has described the certification of seven current and past members of the Board of the Nigerian Aviation Handling Company (NAHCo) Plc. by the Corporate Governance Rating System (CGRS) as highly remarkable. This is just as he added that the certification […]


Privatisation Brouhaha: BPE Officials Visit SAHCOL, Holds Closed Door Meeting With Mgt.

  The Bureau of Public Enterprises (BPE) at the weekend stormed the office of the Skyway Aviation Handling Company of Nigeria (SAHCOL) Limited at the Murtala Muhammed Airport (MMA), Lagos over the refusal of the latter to enlist on the floor of the Nigerian Stock Exchange (NSE) as stipulated in the Act of the bureau. […]


Breach Of Contract: Court Asks Maersk Nigeria Limited To Pay N6.4B Damages

    A Federal High Court sitting in Lagos has ordered a Thailand shipping company Maerskline Thailand Limited and its Nigerian subsidiary,  Maersk Nigeria limited to pay the sum of  N6,474,132.180 to a Nigerian company BP Investment Limited for negligence in handling its cargo. The judgement of the court was as a result of a […]


Police Arraign 3 BDC Operators Over N32.3M Fraud

  Three Bureau De Change Operators, were yesterday arraigned by men of Force Criminal Intelligence and Investigation Department (FCIID), Alagbon-Ikoyi, Lagos, before a Federal High Court, Lagos, for allegedly defrauding a businessman of the sum of N32, 309, 862 million. The three accused, Bagudu Adamu, Abubakar Mamuda and Amodu Nuhu. They were accused of defrauding […]