The Economic and Financial Crimes Commission, EFCC, on Thursday arraigned a serving member of the House of Representatives, Nse Bassey Ekpenyong before Justice Ijeoma Ojukwu of the Federal High Court sitting in Uyo, Akwa Ibom State on a 9-count charge of forgery and alteration of documents. Ekpenyong, representing Oron Federal Constituency in Akwa- Ibom State, […]
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On the 13th of March 2017, Transcorp Power Limited commissioned a 115MW gas turbine to much fanfare. This commissioning is one of three milestones the GENCO intends to achieve in order to increase the power plants total generating capacity to 850MW. This by all standards is truly an impressive feat considering the fact that the […]
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…Shareholders Laud Transcorp Hotels’ performance, Approve dividend payment Transcorp Hotels Plc has announced a profit after tax of N4b at its 3rd Annual General Meeting which took place at Transcorp Hilton Abuja. At the meeting, the Shareholders of Transcorp Hotels Plc commended the management and staff of the Company for recording a strong financial and operational performance […]
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The chairman, Senate Committee on Federal Capital Territory (FCT), and Senator representing Kogi West, Dino Melaye, has said that following the Senate’s rejection of Ibrahim Magu as chairman of the Economic and Financial Crimes Commission (EFCC) twice, President Muhammadu Buhari cannot validly re-nominate the same candidate again. Mr. Melaye, while commenting on the debate in […]
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Tony Elumelu visited Ghana as the first stop of his UBA tour of Africa, propagating the ideal of Africapitalism. In continuation of his strategic vision of engineering a robust economic and business relationship across the continent through Africapitalism as a necessary tool for the socio economic development of Africa, the Group Chairman UBA Plc, and […]
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The Lagos Sate Governor, Akinwunmi Ambode, at the weekend said that the proposed Bus Reform Initiative aimed at giving Lagosians an integrated public transportation system would kick start this year with a sinking fund of N30 billion. Governor Ambode, who spoke to journalists, said his administration had identified the challenges Lagosians go through on a […]
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Worried by the degenerating Quality of Service (QoS) provided by Mobile Network Operators (MNOs) and other service providers, the Nigerian Communications Commission (NCC) has declared a state of emergency on the Quality of Service. As part of measures to cushion the situation and ameliorate the recurrent inaccessibility to foreign exchange (forex) by operators, the Executive […]
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The Police Service Commission (PSC) in Abuja on Thursday approved the promotion of 11 Deputy Commissioners of Police to the substantive rank of Commissioners of Police. A statement issued by Ikechukwu Ani, Head, Press and Public Relations of the commission, said that one Assistant Commissioner of Police was also promoted to the next rank of […]
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Goodie Ibru has resigned as chairman of Ikeja Hotels Plc. His resignation came barely two months after a judge in Abuja backed up his claim as the chairman of the hotel group, amidst a rancorous family dispute, involving Maiden Ibru, the wife of the late younger brother, Alex Ibru. Goodie Ibru, recipient of the national […]
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REDTV, a dynamic online lifestyle channel that puts the spotlight on Africa with a distinct global appeal,launched its Francophone version on Thursday. The fun-filled event, supported by the United Bank for Africa (Plc), was held at the Azalaï Hotel in Abidjan Cote d’Ivoire. It was witnessed by distinguished players in finance, public and entertainment industries in Franco-Phone Africa’s largest economy […]
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