Pan African banking and financial services group, United Bank for Africa (UBA) Plc has added yet another award to its growing list of laurels as it emerged Most Innovative Bank of the Year at the Independent Newspapers Awards The award which is a recognition of innovative products and services introduced by the bank in the […]
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Nokia will re-launch its popular 3310 mobile phone, perhaps the best-loved and most resilient phone in history. It will be revealed at Mobile World Congress later this month, according to leaker Evan Blass who first revealed the details. The phone was originally released in 2000 and in many ways beginning the modern age of mobiles. […]
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Arik Air has suspended its international flight operations to the London and Johannesburg routes. The spokesman of the Asset Management Company of Nigeria, AMCON, Jude Nwauzor, made the announcement in a statement issued on Tuesday in Lagos. The News Agency of Nigeria reports that AMCON had on February 9 taken over the airline following its […]
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The Asset Management Corporation of Nigeria (AMCON) has taken over Odengene Air-Shuttle Services, known more as OAS Helicopters in Lagos following a court order. It was the third aviation firm to be taken over by the bad bank in four months. The News Agency of Nigeria (NAN) gathered that AMCON had on Tuesday sealed the […]
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Commuters using the LAGBUS and Bus Rapid Transit, BRT, buses in Lagos will pay more from March 1, following the Lagos State Government’s approval of upward review in their fares. Thousands of Lagos residents queue up daily to make use of the buses to enjoy lower fares and use the BRT to beat gridlock in […]
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Dangote Rice, a subsidiary of Dangote Group is set to launch in Sokoto. Sokoto state it’s multi-million naira 25,000 hectares of rice outgrower scheme with a prospect of hundreds of thousands of employment opportunities for the rural communities inhabitants. President of the Group, Aliko Dangote disclosed at the weekend that the Company will on Wednesday, […]
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The Asset Management Corporation of Nigeria (AMCON) on Sunday said it had discovered deep rooted rot at embattled airline, Arik Air. AMCON said it would require over N10 billion to fix the rot before the largest local carrier could resume full and uninterrupted flight operations to its regular routes across the country and beyond The […]
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Ibe Kachikwu, minister of state for petroleum, says every year, Nigeria loses at least $80 billion to vandalism of oil facilities in the Niger Delta region. Militants are responsible for attacks on oil assets. Kachikwu made this known at the resumed dialogue with Niger Delta stakeholders in Yenagoa, Bayelsa state capital. Acting President Yemi Osinbajo […]
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Aero Contractors, Nigeria’s oldest private airline will soon be back in operation. Its new owners, the Assets Management Company of Nigeria (AMCON) has appointed the Deputy Managing Director, Arik Air, Capt. Ado Sanusi as the new Chief Executive Officer. AMCON spokesperson, Mr Jude Nwauzor made this known in a statement issued to newsmen in Lagos […]
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Mobil Producing Nigeria Unlimited on Friday announced the appointment of Paul McGrath as the new Chairman and Managing Director of the organisation, with effect from March 1. Ogechukwu Udeagha, Manager, Media and Communication, said in a statement issued in Lagos that Mr. McGrath will succeed Nolan O’Neal, who elected to retire after 34 years of […]
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