Shareholders of Zenith Bank Plc on Wednesday approved the board of directors’ request to step down their plan to raise fresh capital for the bank businesses. Speaking at the bank 26th Annual General Meeting (AGM) in Lagos, chairman of the bank Jim Ovia said the bank decided to suspend the idea because they believe the time is not right for …

The senate has approved the request of the federal government to borrow $500 million out of the $1 billion Eurobond from the International Capital Market (ICM). The senate approved of the request after putting it to a voice vote at the committee of the whole on Wednesday. On February 22, Vice-President Yemi Osinbajo, then acting president, wrote to the national …

Samuel Galadima, Plateau housing and urban development commissioner, is dead. He slumped while jogging Wednesday morning with Governor Simon Lalong at the Rwang Pam Stadium, Jos. Galadima was rushed to the Plateau Specialist Hospital, where he died. Emmanuel Nanle, director of press affairs, confirmed the incident to NAN. “Yes, the commissioner slumped while jogging and was rushed to the Plateau Specialist …

Approximately one in four children worldwide will live in regions with extremely scarce water resources by 2040, UNICEF said in a report Wednesday. The Agency noted that drought and conflict are factors behind water scarcity in parts of Nigeria, Somalia, South Sudan and Yemen, the report says. Nearly 1.4 million children in those areas facing “imminent risk of death” from …

Twenty-two traders have died in a motor accident that occurred on the Tunga Giwa – Ruwa road in Shanga Local Government Area of Kebbi. The accident occurred when a Toyota Canter vehicle that tried to avoid a pothole hit a motorcyclist and somersaulted, killing the cyclist and 22 passengers in the van. The Sole Administrator of Shanga, Alhaji Garba Salihu, …

The Lagos State Government on Tuesday said it had sealed off over 100 table water factories across the state over production and distribution of substandard drinkable water in the state. The government added that no fewer than 200 houses in the state had been sanctioned for discharging their sewage and wastewater into public drains. Speaking at the 2017 World Water …

The Automobile & Allied Sectoral Group of The Lagos Chamber of Commerce and Industry (LCCI), has elected Mr Bambo Adebowale, to steer the ship of the group and take charge of its affairs for the next two years. This followed the expiration of the term of office of the previous executives of the group. Director General, LCCI, Mr. Muda Yusuf, …

The Internet Society has announced that it will hold the first ever Africa Regional Internet and Development Dialogue from 8-9 May 2017 in Kigali, Rwanda, in partnership with UNESCO and Republic of Rwanda Ministry of Youth and ICT. The two-day meeting will bring together experts including government and inter-governmental organization officials, business and educational leaders from throughout the continent to discuss …

Organised Labour under the aegis of Association of Senior Civil Servants of Nigeria (ASCSN) has threatened to shut down activities of Ministries, Departments, and Agencies (MDAs) at the Federal level “unless the Government takes urgent steps to pay promotion arrears, outstanding salaries and other allowances owed Federal Public Servants in the next few weeks”. Giving this indication in Lagos on …

Heritage Bank Plc, one of Nigeria’s most innovative banking services provider, has taken another giant step towards being the timeless wealth partners with its stakeholders, as it sponsored a one-day JAMB Seminar for the Ifako-Ijaiye students. This is part of the bank’s initiative to develop the advancement of education in Nigeria; as the bank in partnership with a House of …