News

Dangote Flour Plc has explained its inability to declare dividend to shareholders, attributing it to huge losses the company incurred in the cause of its operations in the last four years. Addressing shareholders at the company’s 11th Annual General Meeting (AGM) on Friday, the Chairman, Asue Ighodalo said the flour making company which change from Tiger Branded Consumer Goods Plc …

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Special adviser to President Muhammadu Buhari, Ita Enang,  on national assembly matters, says Acting President Yemi Osinbajo “is now the president here” to assent the 2017 budget. Speaking to state house correspondents after the delivery of the 2017 budget to Osinbajo on Friday, Enang clarified his initial statement that “Mr President will assent the budget”. “The budget as passed by the …

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23-year marriage between Azeez Adeshina, a bricklayer, and his wife,  Oluwatoyin, a banker, was on Friday dissolved on the orders of an Ikorodu Customary Court in Lagos State on the grounds of the wife’s desertion. The 40-year-old husband said his wife left their matrimonial home 10 years ago because he caught her red-handed with a man. Adeshina, who resides at …

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34-year-old teacher, Sunday Olasogba, who allegedly defrauded 20 persons of N4m, said he had intended to invest the money in a business. He was made to appear before an Ikeja Magistrates’ Court today (Friday). The accused was arraigned before Magistrate A.O. Gbajumo, on charges of obtaining money under false pretences and stealing. Olasogba, a resident of Ipaja area of Lagos, however, …

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The Minister of Power, Works and Housing, Babatunde Fashola, has declared that eligible power consumers are now free to purchase electricity directly from power generation companies. By declaring eligible customers, the minister has empowered the consumer to buy electricity directly from a licensee other than power distribution companies, a development that the Discos opposed recently. The Nigerian Electricity Regulatory Commission …

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The International Monetary Fund (IMF) has reviewed it stance on the economy of South Africa, for the 2017 fiscal year, stating that the economy will grow by one percent. Earlier in the year, the IMF said Nigeria and South Africa, the largest economies on the continent will grow at a pace of 0.8 percent for 2017. However, after its Article …

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Women of Lagos State have been described as heroines of development who left their footprints in the sands of time. The comments came from the wife of the governor of Lagos State, Bolanle Ambode, at a symposium in Ikeja, organized by the Committee of Wives of Lagos State Officials (COWLSO), as part of activities to mark Lagos at fifty. The …

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The Nigeria Police Force said it has received 498 cases of professional misconduct against its personnel across the country from January to March. The Head, Public Complaints Rapid Response Unit, NPF, Abayomi Shogunle, disclosed this in a report, on Thursday, in Abuja. Shogunle said the number of cases of misconduct against the police decreased by 52.8 per cent in the …

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Whether you’re feeling on top of the world or when it seems that the world is about to collapse on you, sometimes you need a bout of sex to cool you down and re-position your thinking. The following are incredible sex positions that suit every mood… • When feeling wild: Do the Standing Tiger or the Crouching Dragon. While you’re …

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The Managing Director /CEO of the Nigerian Aviation Handling Company Plc, (NAHCO Aviance) Mr. Norbert Bielderman has resigned from the aviation cargo and aircraft handling giant going concern. Bielderman who gave three months’ notice would formerly disengage from the company on the 31st August, 2017. A statement from the company posted on the Nigerian Stock Exchange (NSE) site, and signed …

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