Festus Akanbi, Special Adviser on Media to the Minister of Finance, Mrs Kemi Adeosun, has said the minister does not have any twitter account, and should not be linked to contents on the account that is currently trending. Akanbi, said in the statement issued on Thursday, that Adeosun’s attention had been drawn to a fake […]
Continue ReadingThe Minister of Transportation, Mr Rotimi Amaechi, has given an assurance that the Calabar-Port Harcourt Coastal rail line and the Lagos-Kano rail modernisation project would be completed before the end of 2018. Amaechi said this on Wednesday in Abuja while signing the Memorandum of Understanding (MoU) for the project with a Chinese company, China Civil […]
Continue ReadingAero Contractors Airlines on Wednesday said that it would suspend all its scheduled services indefinitely from Thursday Sept. 1.The airline’s Chief Executive Officer, Fola Akinkuotu, said in a statement in Lagos that the management decision was part of the strategic business realignment to reposition the airline and return it to the path of profitability. He […]
Continue ReadingThe Central Bank of Nigeria (CBN) has issued licence to more International Money Transfer Operators (IMTOs) to operate in Nigeria.This is contained in a statement issued by Mr Isaac Okoroafor, the Acting Director, Corporate Communications of the apex bank, in Abuja on Tuesday. Okoroafor said that the licensing was in furtherance of efforts to liberalise […]
Continue ReadingAccording to The Australian, an Australian national newspaper, a private Australian consortium has discovered a potentially “world class and highly unusual” Nickel deposit in Nigeria.The private mining firm is reportedly headed by Hugh Morgan, a mining industry veteran. “The discovery is unusual because the nickel is found in small balls up to 3mm in diameter […]
Continue ReadingGuaranty Trust Bank plc has released its audited financial results for the half year ended June 30, 2016 to the Nigerian and London Stock Exchanges. A review of performance in the period, shows that the Bank recorded positive growth across all key financial metrics, a testament to the cutting edge strategy of the Bank. Gross […]
Continue ReadingFlight operations were disrupted at the international terminal of the Murtala Muhammed Airport (MMA), Lagos, for two days; Saturday and Sunday, following continued power outage. According to the News Agency of Nigeria (NAN), the power outage affected international flights. The General Manager, Public Affairs, Federal Airports Authority of Nigeria (FAAN), Mr Yakubu Dati, confirmed the development on […]
Continue ReadingPresident Muhammadu Buhari has assured that Nigeria, which, according to the World Bank’s ease of doing business report, is ranked 169 out of 189 countries, will be among the top 100 easiest places to do business in the world by 2019. The president made the declaration on Sunday while speaking at a plenary session on ‘Dialogue […]
Continue ReadingThe much expected Dangote Rice is billed to hit the market very soon as the Management has commenced the harvest of its first tranche. 789marketing.com.ng quoted sources within the organisation as saying that Aliko Dangote has been very happy with the news of the harvest, especially as it will be launched in the right time […]
Continue ReadingUnited Bank for Africa Plc (UBA), announced its Audited 2016 Half Year Financial Results for the period ended 30 June 2016 showing the bank recorded gross earnings of N166 billion, net operating income of N109 billion and profit before tax of N40 billion. The bank also recorded a significant growth in total assets, rising 20% […]
Continue Reading