Business

CBN, Others Approve Acquisition Of South African Bank, Grobank Limited By Access Bank

      One of the leading commercial banks;Access Bank Plc has said that it has been given approvals by the regulators in South Africa and the Central Bank of Nigeria (CBN), which regulates the sector in the Nigeria to acquire a new bank. With these approvals Access Bank plans to have controlling share in […]


Alleged Indebtedness: Company Urges Court To Wind-Up BUA

  Story By Gbenga Ogunbufunmi       A logistics firm, Mainland Cargo Options Limited, has approached the Federal High Court, Lagos seeking for an order to wind up BUA Group Limited over alleged failure to pay  company to its debt. The firm in a winding up application marked FHC/L/CP/376/21, said the order sought for […]


FG Entrusts SAHCO With Handling Of Nigeria’s First Batch Of Astraceneca-Oxford COVID-19 Vaccines

  … Constructs Animal Parlour For Animal Exporters, Importers Skyway Aviation Handling Company(SAHCO) PLC  said  that the Federal Government has entrusted it with the responsibility of providing aviation ground handling for the Astraceneca vaccines at the Nnamdi Azikiwe International Airport(NAIA), Abuja, to combat the spread of the COVID-19 pandemic. A statement signed by the Manager, […]


Omni-Blu Aviation, DPR Partner On Search And Rescue For Oil Firms

In a bid to further promote Search, Rescue and Surveillance (SeRAS) in the oil and gas sector, Omni-Blu Aviation Limited, an indigenous aviation company, has partnered with the Department of Petroleum Resources (DPR) to provide service to oil firms across the country. Omni-Blu Aviation said it was partnering with DPR in the areas of licencing […]


NANTA Cries Out Over Inability To Secure Forex  From UBA

  As the aviation industry continues to suffer the effect of COVID-19, with no end in sight, the National Association of Nigeria Travel Agencies(NANTA) has stated that  securing Foreign Exchange(Forex) from the United Banks for Africa(UBA) is one of the major  challenges the body is  facing presently. The National President of NANTA,  Mrs Susan Akporiaye […]


Controversy Trails Acquisition Of Auctioned Vehicles At NewrestASL Catering Services

      There are growing concerns over  the  auctioning  of six vehicles at the NewrestASL Catering Services at the Murtala Muhammed Airport (MMA), Lagos, following allegation that one of the beneficiaries of the exercise , Mr. Joshua Onoja defrauded one of his clients, Mr. Olalekan Akingbade in the sales of Toyota Hiace Mini bus. A […]


Businessman Re-arraigned For Allegedly Duping Kelwalram Coy Of 14 Pajero Jeeps

    Story By  Gbenga Ogunbufunmi   Police from the Special Fraud Unit, Alagbon , Ikoyi, Lagos has re-arraigned a businessman, Mr Emmanuel Lawrence Etuk and his company, D.M Auto Company Nigeria Limited, for allegedly duping Chanrai Nigeria Limited otherwise called Kelwaram of 14 units of Mitsubishi jeeps valued at N95 million. In the ten […]


FCMB Staff Jailed Four Years For Stealing N2M Customers’ Funds

        An official of First City Monument Bank (FCMB), Felix Diets, has been convicted and sentenced to four years imprisonment, by a Federal High Court, Yenagoa, Bayelsa State, for stealing the sum of N2 million, belonging to the customers of the bank. Justice Jane Inyang, convicted and sentenced Felix to the jail […]


CCETC-Ossiomo IPP Powers Edo Secretariat Complex, High Court With 24-Hour Electricity

    Barely a month after lighting up the Samuel Ogbemudia Stadium, Benin City, the 55MW CCETC-Ossiomo Independent Power Plant (IPP) has commenced provision of 24-hour power supply to the Edo State Secretariat and the new wing of the State High Court, on Sapele Road, Benin City, the state capital. In a statement, the Secretary […]


Why Edo Leads Nigeria In Oil Palm Devt. – APOI

Why Edo Leads Nigeria In Oil Palm Devt. – APOI   The Africa Oil Palm Initiative (APOI) has said that Edo State leads Nigeria in oil palm development as a result of structures and instruments set up to meet requirements for sustainable oil palm production that meets international standards while protecting the livelihoods of smallholder […]