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Stanbic IBTC Bank Plc dragged to court for breach of trust

Stanbic IBTC Bank Plc

  *Matter adjourned till  5th of June, 2017 Infinity Snacks and Beverages Limited, an aggrieved customer of Stanbic IBTC Bank Plc, has dragged the bank before a Federal high court in Lagos over an alleged breach of contract which has led the company into  economic misfortune. In a statement of claim …

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Umueri airport: Obiano’s audacious leap forward

Governor Willie Obiano...beginning a new Umueri airport concept

*Onitsha to become largest market in west Africa again From Achilleus-Chud Uchegbu Several years back, as primary school kids, one of the current affairs we learnt, ‘crammed’ and read out even when woken at midnight was that the “largest market in West Africa is Onitsha”. Then, we heard mostly of …

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Lagos contributed to Unilever Plc’s success in 2016 – Yaw Nsakor

Mr Yaw Nsakor, Unilever Nigeria Plc's Managing Director receiving a gift from Governor Akinwunmi Ambode...during the visit

*How we cushioned the recession in Lagos By Adeyemi Robinson-Adefioye, Lagos Lagos State Governor, Mr. Akinwunmi Ambode, has been praised by the management team of Unilever Nigeria Plc led by its Managing Director, Mr Yaw Nsakor, for providing the appropriate environment that helped businesses in the state to thirive and …

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19th April: Countdown clock set by FG for Nnamdi Azikiwe Airport

Nnamdi Azikiwe Airport Abuja...will be ready on schedule

  *Nnamdi Azikiwe airport will be ready on schedule Nigerian Government has installed a countdown clock at the Nnamdi Azikiwe Airport, Abuja, to reassure Nigerians and the international community that the airport, will indeed, re-open for operation after six weeks closure. The airport was closed on 8th March, 2017 to …

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NEITI exposes massive corruption in NNPC

Waziri Adio Executive Secretary NEITI...exposes massive fraud in NNPC

*Probe $15.8b NLNG dividends to NNPC *Where are interests, dividends from NLNG to Federation Account paid? *445,000 barrels for domestic consumption disappears daily *$14.5 million missing between 2012 and 2013 Nigeria Extractive Industries Transparency Initiative (NEITI) has urged the Federal Government to probe the status and utilisation of dividends and …

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Standards Organisation of Nigeria (SON) to clampdown on sub-standard gas stations

Gas stations...need standardisation to operate now says Standards Organisation of Nigeria

Osita Aboloma, Director-General of Standards Organisation of Nigeria (SON) has promised he will shut down uncertified Liquefied Petroleum Gas (LPG) storage facilities without standardsation and certification. The Director-General gave the warning in a statement in Lagos on Tuesday.  Aboloma said that the organisation had given a two-week ultimatum to all …

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NIPCO Plc acquires Mobil Oil for N90bn, changes name

Mr. Venkataraman Venkatapathy Group Managing Director of NIPCO Plc,

*Now Double One Plc Following the complete acquisition of ExxonMobil’s 60 per cent equity stake in Mobil Oil Nigeria (MON) Plc operations by NIPCO Plc in a N90 billion deal, the new owners have announced a new name for MON. Group Managing Director of NIPCO Plc, Mr. Venkataraman Venkatapathy, at …

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Tanker drivers will begin strike Monday – NUPENG

Petroleum Tanker Drivers to go on strike according to NUPENG

*Welfare, poor remuneration, insecurity and bad roads Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has said its Petroleum Tanker Drivers (PTDs) had been mobilised to ensure no movement of petroleum tankers as their nationwide strike begins on Monday. Alhaji Tokunbo Korodo, the South-West Chairman of NUPENG Lagos Council, …

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Senate vs Customs: We shall retrieve N4trillion leakage – Hope Uzodinma

National Assembly...new string of bribery allegation

*Monies leaked between 2006 and 2016 By Sandra Onyekwere Chairman Senate Committee on Customs, Excise and Tariff, Hope Uzodinma, revealed that his team has commenced investigation into alleged over N4trillion revenue leakage in the Nigeria Customs Service (NCS) between 2006 and 2016. The Chairman of the committee  told newsmen in …

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Internet users: MTN Nigeria lost 50% of 1.3million subscribers in February!

telecoms operators in Nigeria...MTN Nigeria lost the highest

*MTN loses 714,000 internet subscribers *Etisalat 267,285 *Airtel 149,801 *Glo 143,787 February certainly is not one of the great months for business development in the Nigerian telecommunication industry. Networks lost 1,275,573 internet users. The highest loser is MTN Nigeria who could not retain the services of 714,700 subscribers, the highest. …

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