Business

Some Principal Officers from the Defence and Army Headquarters, Corps Commander and General Officers Commanding (GOCs) have been moved in a posting and redeployment announced by the Nigerian Army on Friday. According to a statement by Brig.-Gen Sani Usman, the posting and appointments affected 399 officers. Below is the breakdown of the redeployed officers, Maj.-Gen.l R.O Yusuf, Commander Training and …

Read More »

Residence who live in the lagos state waterways area have heaved a sigh of relief as they were able to celebrate the Christmas season without fear of been kdnapped. Their relief is as a result of the unrelenting efforts of the joint task force (AWATSE) comprising, the military, Navy, Airforce and other security agencies and to further assure the good …

Read More »

Folake Sokoya The Ogun State Police Command has arrested one Andrew of Ayedere in Obada area of Abeokuta for intentionally killing his six month old baby Precious Koku. The suspect was arrested following a complaint from the mother of the baby, Omowumi Teleda who lodged complaint at Adigbe Divisional Headquarters that she went out briefly to see her first child …

Read More »

Tayo Olanipekun A man who identified himself as Chuks Samson and returned,earlier this month, from Central London, England, where he grew up, has been beset by insanity and ended up roaming the streets of Lagos. In a Facebook video posted on Wednesday by Anselm Ojietu, Samson said he is originally from Ogidi Town in Anambra State and he arrived Nigeria …

Read More »

After the long public holiday that was declared by the federal government for the celebration of Christmas and Boxing Day which was marred by fuel scarcity across the country.  Trading on the floor of Nigerian Stock Exchange (NSE) shows that Cadbury Nigeria Plc was the highest price gainer at the close of business on Wednesday December 27, 2017; just the …

Read More »

The Central Bank of Nigeria (CBN) has suspended a review settlement banking arrangement to all clearing sessions for banks and merchant banks, expected to begin January 2. In a circular to all banks and the Nigeria Interbank Settlement System (NIBSS), CBN Director, Banking and Payments System Department, ‘Dipo Fatoku, said: “Please note that the new policy on extension of settlement …

Read More »

The Managing Director, Nigeria Export Processing Zones Authority, Mr. Emmanuel Jime, says the agency has licensed three new Free Trade Zones. Jime announced this in a statement signed by the Head, Corporate Communications, NEPZA, Mr. Simon Imobo-Tswam, on Wednesday in Abuja. According to Jime, the new zones are Nasco Town FTZ, Quit Aviation Services FTZ and and Tomaro FTZ. The …

Read More »

Former Deputy Governor of Osun State and a two term Senator of the Federal Republic of Nigeria representing Osun East senatorial district, Dr. Iyiola Omisore has reassured his people in Osun State that the New Year will usher in a new dawn. In his Christmas and New Year message to the citizens of Osun State, the Apesin Oodua of the …

Read More »

JPMorgan Chase & Co, which has presence in Nigeria, has paid $2.8m fine to the United States regulator to settle charges that its broker-dealer unit lacked sufficient controls to safeguard customer securities from several countries including Nigeria over more than eight years. The US regulator, the Financial Industry Regulatory Authority said on Wednesday that JPMorgan Clearing Corp created hundreds of …

Read More »

Nigeria spent a total of $197.29m to service foreign debts in the third quarter of this year, the Debt Management Office said on Wednesday. Statistics obtained from the DMO in Abuja showed that multilateral sources accounted for 30 per cent of the country’s debt servicing commitment in the third quarter of the year. The multilateral sources include two arms of …

Read More »