News

In recognition of the contributions made by FMDQ OTC Securities Exchange (“FMDQ” or the “OTC Securities Exchange”) to the development of the Nigerian financial markets, the OTC Securities Exchange won the ‘Most Innovative in Financial Markets’ Award at the first BusinessDay Top 25 Most Innovative Companies & Institutions in Nigeria Awards 2017. The Nigerian financial markets have undergone significant changes …

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By Daniel Osofisan Last week, Fortune, a part of the TIME network released a list of 34 World Leaders who are changing health care globally, and surprise! surprise! Dr Ngozi Okonjo-Iweala, the Chair of Gavi as well as CEO Seth Berkley, made the list.  While receiving awards and recognitions may seem like second nature to Dr Okonjo-Iweala, one is forced …

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Olabode Adaramola The nation’s drive towards self -sufficiency in Sugar production will soon be attained as Dangote conglomerate concludes plans to establish a $450 million Sugar refinery plant in Niger State The Managing Director of Dangote Sugar Refinery Company, Engineer Abdullahi Sule disclosed this to news men  in Minna, the Niger State capital after a brief meeting with the State …

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The Nigerian Civil Aviation Authority (NCAA) has warned all irate and belligerent passengers carrying out attacks on Airline officials to desist forthwith or face criminal charges. NCAA said that this warning became necessary due to preponderance of reports from some of the nation’s airports detailing brutal attacks on officials of airlines. According to a statement sent to nationalwire on Sunday, …

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Olabode Adaramola The State Security Service, SSS, has arrested the managing director of Capital Oil and Gas Limited,  Patrick Ifeanyi Ubah, on allegation bothering  on economic sabotage. According to the Directorate of the State Security Service, Mr. Ubah was detained on Friday in connection with  missing petroleum products. “The arrest was sequel to Ubah’s engagement in acts of economic sabotage …

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Over 200,000 women die yearly during pregnancy and childbirth, the United Nations Population Fund (UNFPA) has said. Going by the statistics, over 30 pregnant women are lost hourly due to complications surrounding their state, a worrisome development that the world has to battle with. Former Health Minister, Prof. Babatunde Osotimehin, who is also UNFPA Executive Director, revealed at the occasion …

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The Lagos State Police Command on Friday said it had discovered a new kidnappers’ hideout where arms as well as Police and military life jackets were recovered. The Commissioner of Police in Lagos, Mr. Fatai Owoseni, who confirmed the discovery to newsmen, said the hideout was discovered during the raids of creeks at Isawo in Ikorodu area of Lagos. Owoseni said …

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Sterling Bank says transparency, continuous engagement, proper documentation and promptness in sending returns of unutilised foreign exchange to the Central Bank of Nigeria are the main factors that helped the bank to escape the regulator’s ban from its Small and Medium Enterprises foreign exchange window. The CBN had on Wednesday announced the ban on 16 banks from its “SME foreign …

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Shareholders of NASCON Allied Industries Plc on Thursday unanimously lauded the decision of the company to pay a dividend of 70 kobo per share as against the 55 kobo paid in 2015. Chairman of the Independent Shareholders Association, Chief Sunny Nwosu, described the board of Nascon as very efficient and focus, urged them not to relent and work more to …

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An Ado-Ekiti Customary Court on Friday dissolved the three-year-old marriage between Mr Mayowa Ogunrinde and his wife, Busayo, over frequent fighting and disrespect for in-laws. The petitioner, Ogunrinde, 35, a civil servant, also told the court that his wife has no respect for him. “Most of the time, I do all the domestic chores while my wife will always watch …

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