25.4 C
Lagos
Friday, October 23, 2020
The support base of embattled President of the African Development Bank (AfDB), DR. Akinwunmi Adesina has been strengthened by two top level individuals, Sierra Leone President, Julius Maada Bio and Harold Doley, the first United States representative to the AfDB. They are the latest joining in with their voice. In...
An explosion at Gbetiokun, OML 40 oil field operated by the Nigerian Petroleum Development Company (NPDC), on behalf of the NPDC/Elcrest Joint Venture has killed seven people. This was disclosed in a statement by the Nigerian National Petroleum Corporation (NNPC), Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru...
The Central Bank of Nigeria (CBN) for the first time last week sold the pound above N500, as naira continues to battle major headwinds. On Wednesday, the nation’s apex bank sold a pound for N501.98 and quoted N500.659 as its buying rate. At the parallel market, the currency is going for...
President Muhammadu Buhari Friday in Abuja assented to the Companies and Allied Matters Bill, 2020 recently passed by the National Assembly. The President’s action on this important piece of legislation, therefore, repealed and replaced the extant Companies and Allied Matters Act, 1990, introducing after 30 years, several corporate legal innovations...
The management of Bristow Helicopters Limited has terminated the appointment of no fewer than 100 pilots. Bristow Helicopters, in a statement on Tuesday, said those sacked comprised both Nigerian nationals and expatriates working with the company. It explained that the decision to sack the pilots was due to the severe impact...
The President Muhammadu Buhari-led Federal Government may July 24 close the popular Third Mainland Bridge in Lagos for repair works. This was disclosed on Monday by the Federal Controller of Works in Lagos, Mr. Olukayode Popoola. He explained that consultations are ongoing for another phase of repair works to begin on...
The US Export-Import Bank has reaffirmed its commitment to the growth of the US-African cooperation by constituting Sub-Saharan Advisory Committee for 2020 and 2021. The committee is composed of pro-investment and pro-business advisors who understand Africa and would be instrumental in growing the US-African cooperation and flows of goods, services...
By Tobiloba Kolawole   A training and development organization, Purpose Power and Lifestyle Design (PPLD)  International is set to train young graduates through its Prep for Success (PFS) programme. According to the Chief Inspiration Officer of the organization,...
The Central Bank of Nigeria says it will now sanction banks involved in delaying disbursement of Anchor Borrower’s Program funds to farmers. The apex bank gave the threat when the Director of Development Finance, Mr. Yusuf Yila spoke at a stakeholders’ meeting involving Anchor, Processors, Commodity Associations and Banks. Yila disclosed...
19-year old singer songwriter Shalom Olaleye has been signed to a record deal by a Manchester based record label. Shalom who is known by fans as Troy – omo iya ijo was offered what many artists in his position would consider a lifetime opportunity, when his single titled Duro -...