The managements of the Federal Airports Authority of Nigeria (FAAN), the Nigerian Airspace Management Agency (NAMA) and the Arik Air Group have been given two weeks within which to resolve all issues relating to indebtedness between the respective organizations. Minister of State for Aviation, Senator Hadi Sirika who gave the directive at a meeting with […]
Continue ReadingGuaranty Trust Bank plc has released its unaudited financial results for the first quarter ended March 31, 2016 to the Nigerian and London Stock Exchanges. A review of the 1Q 2016 result shows that the Bank continued to consolidate on its position as one of the most profitable and well managed financial institutions in Nigeria, […]
Continue ReadingPan Africa financial services group, United Bank for Africa Plc has announced its unaudited results for the first quarter of 2016 showing gross earnings of N74 billion and profit before tax of N18 billion for the three months ended March 2016. The Group sustained its strong profitability, recording an annualized 20% return on average equity […]
Continue ReadingThe acting Director-General, Standards Organisation of Nigeria (SON), Paul Angya, has revealed that the agency would need additional 10,000 staff to fight substandard products in the country. Mr. Angya, speaking in Lagos, said if more staff were employed, they would be able to go far places in the country to check substandard products. “We have […]
Continue ReadingSaturday, April 9, 2016 was an exciting evening, as staff of pan-African financial services group, United Bank for Africa (UBA) Plc gathered at the Eko Hotel and Suites, Lagos, Nigeria, to celebrate the bank’s staff that have performed exceptionally well in the 2015 financial year. It is a tradition that the bank has maintained since […]
Continue ReadingOn Friday April 8, during the bank’s Annual General Meeting (AGM) which was held at the Eko Atlantic Hotel, Lagos, the shareholders of UBA applauded the UBA for its strong financial performance in 2015 despite the difficult operating environment globally. They also approved the board’s recommendation to pay a final dividend of 40 kobo per […]
Continue ReadingThe Acting Executive Secretary, Petroleum Products Pricing Regulatory Commission, PPPRA, Sotonye Iyoyo, on Monday debunked rumours that there are plans to reverse the decision on the removal of subsidy on petroleum products.Latest PPPRA pricing template released on Friday pegged the expected open market price of petrol at N91.80k signaling the end to over-recovery by the […]
Continue ReadingThe leadership of the Iyana Iba Traders Association led by its President, Mr. Chukwumere Okwudili has honored the lawmaker representing Ojo Federal Constituency in the House of Representatives, Hon. Tajudeen Obasa for his befitting representation so far in the Green chamber; this came following the conclusion of the one week program of the Association. Obasa, […]
Continue ReadingFemi Adesina, special adviser to President Muhammadu Buhari on media and publicity, speaking in an interview on The Osasu Show, said, the president sold his property to access foreign exchange (forex) for his child’s education. Mr. Adesina said the central bank of Nigeria (CBN), is experiencing a dearth of forex. Corroborating Adesina’s stance, the president himself […]
Continue ReadingThe Director-General, International Institute of Tropical Agriculture, IITA, Nteranya Sanginga, on Sunday said the Federal Government would launch N59.7 billion Youth-In-Agriculture Scheme in September. Mr. Sanginga, who disclosed this in an interview with the News Agency of Nigeria in Ibadan, said the scheme would be sponsored by the federal government and the African Development Bank, […]
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