Fidelity Bank Plc has notified the Nigerian Stock Exchange (NSE) and the general public of the appointment of Mrs Nneka Onyeali-Ikpe, as the incoming Managing Director/Chief Executive Officer, effective Jan. 1, 2021. The bank made the announcement on Monday in a notice on the NSE website, signed by Ezinwa Unuigboje, its Company Secretary. The notice […]
The Minister of Niger Delta Affairs, Senator Godswill Akpabio, on Monday, accused the House of Representatives Committee investigating financial mismanagement in the Niger Delta Development Commission, of bullying him. The House is presently grilling Akpabio as the supervising minister of the NDDC. The investigative hearing is being held at the Conference Room 231 of the […]
Pirates have kidnapped seven Russian sailors from the crew of a ship in the Gulf of Guinea, the Russian Embassy in Nigeria said on Monday. The seven Russians were among 13 crew members pirates abducted from the Curacao Trader 210 miles off the coast of Benin last Friday, the embassy said on its official Twitter […]
Nigeria’s central bank held its benchmark lending rate at 12.5%, the governor said on Monday, adding that members of the monetary policy committee wanted to assess the impact of a 100-basis-point rate cut at the last meeting. Godwin Emefiele said eight of the 10 committee members voted to retain the rate and two voted for […]
By Foster Obi Smarting from recently alleged disparaging remarks against freight forwarders by the country manager of APM Terminals in Nigeria, National Association of Government approved Freight forwarders (NAGAFF) has “set up a technical system audit/study committee to reevaluate the operational performances of the APM Terminals in Nigeria and make comparative studies of the APM […]
….. Advocates unified enforcement guidelines By Foster Obi Against the background of recent fatal boat mishaps on the country’s inland waterways, Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh, has read riot act to untrained and uncertified boat skippers, who often ignore safety procedures and endanger the lives of passengers. […]
President Muhammadu Buhari has approved the naming of the Railway Complex in Agbor – the operational hub of the Itakpe-Warri line – after former President Goodluck Jonathan. Presidential aide, Tolu Ogunlesi announced the news on Saturday via Twitter. Ogunlesi credited the news to Minister of Transport, Chubuike Amaechi. The facility will now be known as […]
The Federal Government has evacuated another batch of 324 Nigerians who are stranded in the United States of America. This was revealed by the Minister of Foreign Affairs, Geoffrey Onyeama on Saturday via Twitter. According to him, the Nigerian returnees are being expected into the country from Newark Airport, New Jersey. Onyeama noted that the […]
A Federal High Court sitting in Lagos has directed the Attorney-General of the Federation and Minister of Justice, Abubakar Malami, Governor of the Central Bank of Nigeria, Godwin Emefiele, and five others to appear before it on Friday, July 24. According to the court, they are to explain the alleged handover of the National Theatre […]
Nigeria lost about $3bn (£2.4bn) from 97 tonnes of gold illegally smuggled out of the country in the seven years up to 2018, President Muhammadu Buhari has said. He made the disclosure on Thursday in his speech during the official presentation of gold bars produced thanks to a presidential initiative to help small-scale miners. The […]