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MAN weeps over price of gas, buys $7.45 instead of $2.5 per scm

The competitiveness of the Manufacturers Association of Nigeria (MAN) may remain questionable with its attendant risks, if it’s members continue to buy at $7.45 instead of $2.5 per scm. The President of MAN, Mr Mansur Ahmed draw attention to this on Tuesday, while calling on the Ministry of Petroleum Resources to address the challenges encountered …

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Court Remands First Bank, Idoani Robbery Suspects

A Chief Magistrate Court sitting in Akure, Ondo State capital has remanded in police custody five persons for their alleged involvement in the First Bank, Idoani robbery two weeks ago which claimed seven lives. Though six of them were arraigned on a seven count charge by the Ondo State Police …

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NSE Lists MTN Nigeria as Public Company

MTN Nigeria has now changed its status from a private company to a public liability company (PLC). This conversion is one of the requirements for listing on the Nigerian Stock Exchange. Speaking on the conversion, Fredi Moolman, MTN CEO, stated: “Our conversion to a Plc is a major step towards …

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Dana Plans Airfare Slash, Cab Services with new Product, partnership

Dana Air’s guests are in for an exciting time with the airline’s recently introduced product ‘Cash plus Miles’ for members of its reward program called Dana Miles. With the new initiative, passengers flying Dana Air who are also members of the airline’s Loyalty and Reward program- Dana miles can now …

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IMF Urges Nigeria To Remove Fuel Subsidy

The International Monetary Fund (IMF) has urged Nigeria to remove fossil fuel subsidy and deploy savings from the scheme to fix social infrastructure. IMF Managing Director Christine Lagarde gave the advice at the opening of the ongoing World Bank/IMF Spring Meetings in Washington DC . She urged Nigeria to establish …

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UBA Asks Court to Wind Up Sahara Energy Ltd Over N15bn Loan

The United Bank for Africa Plc, (UBA) has filed a winding up petition before a Federal High Court, Lagos against a Petroleum Resources company, Sahara Energy Resources Limited over alleged inability of the company to pay a debit of $42,282,430.49/or equivalent of N15,221,674,976.4. In a winding up petition filed before …

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Airport Fire: UK Company to Deliver Automatic Aircraft Firefighter Simulator

Nigeria is set to take delivery of an automatic aircraft firefighting simulator. The equipment manufacturers, Messrs Alpine Metal Technology Company, UK has carried out the factory acceptance and pre-shipment inspection and test of the simulator in the presence of top Nigerian functionaries, including the Minister of State, Aviation, Hadi Sirika. …

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Aviation Unions Block Access to Lagos Airport

It was a rowdy moment laced with chaos and pandemonium around the Murtala Muhammed Airport (MMA) today as unions comprising the National Union of Air Transport Employees( NUATE), among others barricaded the access road leading to the international terminal, obstructing the flow of traffic as well as causing a lull …

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Man Nabbed Withdrawing Cash from ATM Machine Without Card

A young man was  caught collecting money from an Automated Teller Machine, ATM, points of one of the new generation banks beside Radio Nigeria, Dugbe, Ibadan machine without using a card. Radio Nigeria reports that the young man, Azeez Morufu said that was not the first time he would be …

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First Bank Empowers 7000 Students, Commemorates Global Money Week

Nigeria’s premier financial services brand, First Bank of Nigeria Limited, joined over 50,000 global institutions to commemorate the 2019 Global Money Week (GMW) which took place on 25 – 31 March 2019. The 2019 Global Money Week is themed “Learn Save Earn”.  Representatives of FirstBank imparted nuggets of financial literacy …

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