Business

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 […]


Dana Air, Akwa United FC Sign Sponsorship Deal Worth Millions

  As part of its commitment towards sports development in Nigeria and making the Nigerian Professional Football League more glamorous, Dana Air today unveiled another sponsorship deal worth millions  of Naira with the current NPFL league leaders Akwa United FC of Akwa Ibom State. Under this deal, Dana Air will get branding opportunities for the […]


Samsung Stops Plans To Build Manufacturing Plant In Nigeria

  …Cites Small Market Share, Low Return On Investment, Infrastructure Samsung, the electronics giant has attributed its decision not to build a manufacturing plant in Nigeria to its small market share and low Return On Investment (RON). This was disclosed by the Chief Executive Officer of Samsung Electronics, Africa, Sung Yoon at a media parley […]


Dana Air Seals Sponsorship Deal With Heartland FC Of Owerri

  The airline partnership between Dana Air and the Imo State Government have started yielding benefits with the recent signing of  a multi-million Naira sponsorship deal with Heartland football club of Owerri. The season-long  sponsorship deal which is part of the airlines’ support to the newly-promoted Imo state based team’s 2018 league  campaign,  will see […]


Lagos Concessions Construction Of Ferry Terminal Building To Private Firm For 12 years

  The Chief Executive Officer of Lagos Ferry Services Corporation(LFSC), Mr. Kalejaiye Adeboye has disclosed that state has concessioned the building and operation of the ferry service to a private firm for 10 years and additional two years moratorium. This is just as he stated that the company, whose identity he did not disclose would […]


Capacity Development: AIB To Host BAGAIA Accident, Incident Report Training

  …To Train 20 Of the Bureau’s Safety Investigators   Capacity building in the aviation industry has received a boost as Nigeria’s Accident Investigation Bureau (AIB) has concluded plans to host a meeting of the Banjul Accord Group Accident Investigation Agency (BAGAIA) on a four day aircraft accident/incident report writing course slated for January 16-19, […]


Dana Air Makes List Of Top 50 Brands In 201

  …Partners IdeasHouse On In-Flight Sampling.   For its innovations, Corporate Social Responsibility (CSR), popularity, national spread and online engagement, Dana Air, a subsidiary of the Dana Group of companies has made the list of top 50 brands 2017 for the 3rd time consecutively, at the Brands Nigeria Leadership Forum held recently at Oriental Hotels, […]


Police Arraigns Company’s MD For Issuing Dud Cheques

  The Special Fraud Unit (SFU), of the Nigeria Police Force today  arraigned one Abiodun Adisa, the Managing Director of Picket Suites and Services Limited, before a Federal High Court, Lagos, for issuing dud cheques of total value of N130 million. Adisa was arraigned on a 15 count-charge bordering on the alleged offence. SFU in […]