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1.2 Million Metric Tons of Poultry Meat Smuggled into Nigeria – CBN

The Central Bank of Nigeria (CBN), has revealed that over 1.2 million metric tons, MT of poultry meat is smuggled into Nigeria from Benin Republic. The CBN governor, Godwin Emefiele who described the development as unfortunate, pledged that the apex bank under his leadership would stop it. The governor identified …

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Multichoice Appeals Against 5.9bn Judgement

Multichoice, Nigeria digital pay television provider has filed an appeal against the judgement of a Federal High Court, Lagos that ordered it to pay N5.9bn to the Musical Copyright Society of Nigeria (MCSN) over infringement of the copyright of Nigerian musicians. It was a legal battle that has spanned eight …

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Air Peace Boss, Onyema Heads Panel at LAAC Seminar

By Margaret Olubi Barrister Allen Onyema, the Chairman of Air Peace will set the tone for panel discussions at the forthcoming 23rd Annual Conference of the League of Airport and Aviation Correspondents (LAAC), which will see CEOs of airlines discuss burning industry issues with heads of aviation agencies and other industry …

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First Bank Boss, Adeduntan Preaches Values to Youths

The Chief Executive Officer of First Bank of Nigeria Limited, Adesola Adeduntan, has encouraged children to cultivate the habit of showing kindness to people around them irrespective of class, race or circumstance. Adeduntan gave the charge on Wednesday, 3rd July while espousing the Bank’s values-promoting initiative, ‘Start Performing Acts of …

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MMIA: NDLEA Seizes 146.820kg ofIllicit Drugs in 6 Months, Arrest 33 Suspects

By Gboyega Adeoye The National Drug Law Enforcement Agency (NDLEA) at the Murtala Muhammed International Airport (MMIA), Lagos Command, has recorded a seizure of 146.820 kilograms of drugs from 33 suspects. The seizures were made between January and June this year, representing the mid-year operational report. The NDLEA Airport Commander, …

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Oil Prices Fell as Market Awaits G20, OPEC Meeting

Oil prices dropped on Thursday, erasing some of the previous session’s strong gains, as traders eye the G20 summit in Japan and a meeting of the Organization of Petroleum Exporting Countries, OPEC, and other oil producers to decide on an extension of output cuts. Brent crude futures were down 44 …

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Theophilus Danjuma Buys London Hotel for N1 billion

Theophilus Danjuma, a former minister of defence, has acquired a 300-year-old hotel in London for N1 billion. TY Danjuma, as he is popularly referred to, is now worth $1.2 billion according to Bloomberg Billionaires Index. The latest acquisition of the 80-year-old retired army general is a 14-room inn in London. …

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Emefiele Unveils CBN’s 5-Year Agenda

Central Bank of Nigeria (CBN) Governor, Godwin Emefiele has revealed that the apex bank is to pursue the recapitalisation of commercial banks in the next five years. Speaking on Monday during a media briefing held at the apex bank headquarters in Abuja, Emefiele hinted that the recapitalisation of commercial banks …

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Oando: Sunmonu Leads SEC Interim Management

By Gboyega Adeoye The Securities and Exchange Commission (SEC) has appointed an interim management led by Mr. Mutiu Olaniyi Adio Sunmonu CON, a former managing director of Shell Petroleum Development Company, to manage the affairs of Oando Plc pending the constitution of a substantive management for the embattled indigenous oil …

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Tinubu’s Sack: Oando to Challenge SEC in Court

The management of Oando Plc has come out strong against the Securities and Exchange Commission, SEC, which directed the sack of its Group CEO, Mr. Wale Tinubu and his deputy, Mr. Omamofe Boyo, as well as members of the board it indicted for multiple infractions. The oil and energy company …

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