A Federal High Court sitting in Lagos has struck out a case filed by Oando PLC against the Securities and Exchange Commission (SEC) seeking to stop SEC from conducting a forensic audit on the company and also lift a technical suspension placed on its shares. The presiding judge, Justice Mohammed Aikawa on Thursday struck out the case on the grounds …

Read More »

Governor Abdulfatah Ahmed of Kwara State, on Thursday, presented a budget estimate of N181 billion to the state House of Assembly for the 2018 fiscal year. Laying the budget before the lawmakers at Assembly, Governor Ahmed said the proposed budget reflects an increase of N15,781,009,150 or 9.5percent compared to the 2017 Revised Appropriation. Tagged “Budget of Sustained Growth and Prosperity”, …

Read More »

.134 foreign students fail, 29 Nigerians bag first class Students at the University of Lagos, University of Nigeria, Nsukka and Obafemi Awolowo University, have emerged tops in the just-concluded Bar Finals Examination. This was contained in the analysis of performance by universities in the August 2017 Bar final examination results of the Nigerian Law School. Advertisement While six students at …

Read More »

President, African Development Bank, Dr Akinwumi Adesina says the bank would invest $12bn in the power sector in Africa in four years with the goal of leveraging on the aviation sector. Adesina said the aviation sector was very important to the continent but that it could not operate in the dark. He said the sector was very important to Africa …

Read More »

Fidelity Bank Plc says it has disbursed the sum of N2.5 billion out of the Central Bank of Nigeria (CBN) N220 billion Micro, Small and Medium Enterprises Development Fund (MSMEDF).  Mr Nnamdi Okonkwo, the bank’s Managing Director/ Chief Executive Officer said this at a news conference to unveil the company’s partnership with Africa’s Young Entrepreneurs (A.Y.E) in Lagos on Wednesday. …

Read More »

 Photo Caption: From   Left: Moses Umoru, General Manager, Franco-Nigerian Chamber of Commerce (FNCCI); Eric Jeanneau, General Manager, Total E&P Nig Ltd; Tinuade Awe, General Counsel & Head of Regulation, The Nigerian Stock Exchange (NSE); Laurent Polonceaux, Consul General of the French Consulate; Tony Ibeziako, Ag. Head, Capital Markets Division; Francis Widmer, Economic Counsellor of the French Embassy and Laurent Couderc, Ponticelli …

Read More »

Shipping lines and agencies have been accused by the Nigeria Customs Service  of being responsible for shipment of illicit items into Nigeria, vowing to clampdown on vessels that have made any changes on their manifest. Comptroller General of Customs, Col. Hameed Ali (rtd) said this during a meeting with shipping companies, terminal operators and other critical stakeholders in the maritime …

Read More »

Nigeria and Japan on Tuesday signed a grant aid project on economic and social development worth N642 million. The amount would be provided by the Government of Japan. The Minister of Budget and National Planning, Senator Udoma Udo Udoma signed on behalf of the Federal Government while Japan’s Ambassador Extraordinary and Plenipotentiary to Nigeria, His Excellency, Mr Sadanobu Kusaoke, signed …

Read More »

The Shippers’ Association Lagos State (SALS) on Tuesday said the country lost N1 trillion annually through cargo diversion to ports in neighbouring countries due to bad roads to Lagos ports. Mr. Jonathan Nicol, SALS President told reporters in Lagos that the losses arose from import duties and other charges not paid to Nigerian ports. According to him, there is massive …

Read More »

A Nyanya Customary Court in Abuja on Tuesday, based on a divorce suit, dissolved a 22-year marriage of a driver over his wife’s habit of cooking only once in a week. The court presided over by Mr. Jemilu Jega granted the request of Mr. Garba Pakachi, ruling that the union was irretrievable. “This court has tried everything within its powers to …

Read More »