Posted in Naija News

Saraki meets with Buhari in Aso Rock [PHOTOS]

Senate President, Bukola Saraki, on Tuesday evening honoured President Muhammadu Buhari’s invitation, to break fast with him at the Presidential Villa in Abuja. During Ramadan,…

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Posted in Foreign hub

US issues fresh warning to Russia

ay 14, 2019 U.S. Secretary of State, Mike Pompeo, on Tuesday warned Russia over its support for Venezuelan leader, Nicolas Maduro. He said that Maduro…

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Posted in Naija News

APGA removes Bianca Ojukwu, Obiano from BoT

y 14, 2019 The All Progressives Grand Alliance (APGA) on Tuesday removed Governor Willie Obiano of Anambra State as its Board of Trustees Chairman (BoT)….

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Posted in Naija News

Military dissociates self from call to overthrow Buhari

The Defence Headquarters (DHQ) on Tuesday dissociated the Armed Forces of Nigeria (AFN) from the circulation of document, calling for the overthrow of the democratically…

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Posted in Naija News

Don’t give bribes to police, FRSC, Immigration, Osinbajo tells Nigerians

Vice President Yemi Osinbajo is unhappy that some Nigerians offer bribes to obtain drivers licences, passports or to clear goods at ports. He said there…

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Posted in Naija News

400-Level UNN student commits suicide

A 400-level student of the Department of English and Literary Studies, University of Nigeria, Nsukka (UNN), identified as Chukwuemeka Akachi, on Monday allegedly committed suicide,…

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Posted in Naija News

Fayose’s N6.9bn fraud trial stalled

The trial of former Governor of Ekiti State, Ayodele Fayose, facing N6.9 billion fraud charges has been stalled at the Federal High Court in Lagos….

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Posted in Naija News

Obiano gives N6m reward to police informants

Gov. Willie Obiano on Tuesday handed cash reward of N6 million to Mr Mustapha Dandaura, Commissioner of Police in Anambra, for operatives and informants who…

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Posted in Naija News

Saraki is corrupt, his investigation not personal – Magu

Mr Ibrahim Magu, Acting Chairman, Economic and Financial Crimes Commission (EFCC), on Tuesday said the ongoing investigation of the President of the Senate, Dr Bukola…

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Posted in NAIJA BIZ

May & Baker’s top-line dips following food business disposal

Revenue from Continued Operations Dips: Following the divestment of its foods business which, on average, accounts for 23.36% of its revenue, May & Baker Nigeria Plc recorded a…

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Posted in NAIJA BIZ

Microsoft unveils technology development centres in 2 African countries

American technology giant, Microsoft Corporation, has unveiled its first Africa Development Centre (ADC), with two offices in Nairobi, Kenya, and Lagos, Nigeria. The ADC is worth $100 million:…

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Posted in NAIJA BIZ

Quick Take: Key takeaways from MTN Nigeria’s Analyst Presentation

MTN Nigeria held an Analyst conference yesterday ahead of its planned listing byintroduction on the Nigerian Stock Exchange (NSE). While we anticipated that there would be discussions on…

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Posted in NAIJA BIZ

Caramelo Bar’s owner laments over N500m loss following demolition

Mr Maxwell Eze, the owner of exquisite Abuja-based nightclub, Caramelo Bar, has expressed his dismay after government officials destroyed his N500 million bar. According to a…

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Posted in NAIJA BIZ

Morgan Stanley removes four stocks from its Nigerian indices

Morgan Stanley Capital International (MSCI) recently released its Semi Annual Half year Index review, which will take effect on the 28th of May, 2019.  Changes made: For its Nigerian Index,…

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Posted in NAIJA BIZ

International Breweries appoints a new Non-Executive Director

International Breweries Plc has announced the appointment of Olutoyin Modupe Odulate as its Non-Executive Director. Odulate’s appointment was disclosed via a statement signed by International Breweries‘Company Secretary/General Counsel, Muyiwa Ayojimi….

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Posted in NAIJA BIZ

Local contractors get $368m contracts from Dangote refinery

Dangote Refinery & Petrochemical has given 120 local contractors about $368 million worth of contracts on its site. This stands as its own input to deepen…

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Posted in NAIJA BIZ

Alert: MTN’s 20.3bn Shares to start trading this week

Nigeria’s telecom giant, MTN Nigeria, is set to be officially introduced on the Nigerian Stock Exchange come Thursday, May 16th, as all relevant processes have been completed. Sources within…

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Posted in NAIJA BIZ

Neimeth Pharmaceuticals records high Topline, as earnings stay downbeat

Impressive Second Quarter Masks Poor Q1 Performance: Neimeth International Pharmaceuticals Plc closed its books for the quarter with an impressive half-year financial scorecard, showing the highest revenue…

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Posted in NAIJA BIZ

BoI’s disbursements to businesses increased by 130% in FY 2018

The Bank of Industry (BoI), reportedly disbursed a total of N259.6 billion to support Nigeria’s industrialisation between January and December 2018. The N259.6 billion represents an increase…

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Posted in NAIJA BIZ

FG assures no infrastructure was mortgaged in the China loan agreement

The Federal Government has dismissed the fears of many Nigerians over the possibility of China taking over some infrastructure in the country if the country…

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