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FirstBank to Merge with Heritage Bank, Polaris Bank

Nigeria will soon witness an­other round of merger and acquisition in the banking sector as financial advisers are putting finishing touches to a merger arrangement be­tween First Bank of Nigeria, Heritage Bank and Polaris Bank. According to Daily Inde­pendent, both Polaris and Heritage banks have been looking for a worthy …

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Covid-19: Turkish Airlines Suspends Flights to Nigeria

As precautionary measure to check the spread of Coronavirus, Turkish Airlines has announced the cancellation of all its flights to its destinations in Nigeria as it also cut back its operations to other international destinations. The airline, in a statement, said the cancellation of flights to its three destinations in …

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One Dead in Lagos KeyStone Bank’s Building Collapse

One person has died in Keystone Bank building collapse, which happened on Saturday at Ikorodu Road in Lagos, according to the state Emergency Management Agency, LASEMA The incident happened at Palm grove along Ikorodu Road on Saturday. Confirming the incident, LASEMA Director-General, Dr Femi Oke-Osanyintolu said one of the labourers …

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Navy Arrest 10 Suspects in A’Ibom Over Rice Smuggling

As Court remands 2 men over alleged hijack of N2m diesel truck-load*** The Nigerian Navy, Forward Operating Base (FOB), Ibaka, in Mbo Local Government Area of Akwa Ibom, has arrested 10 suspects for allegedly smuggling 956 bags of banned 50kg imported rice in the state. The Commanding Officer, Capt. Peter …

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Dana Air Introduces Additional Flights on Lagos, Abuja, Port Harcourt, & Uyo Routes 

In line with its expansion plans, Dana Air has introduced additional flights on it Lagos, Abuja, Port Harcourt and Uyo routes. The additional flights which would be operated by the airline’s latest Boeing 737 aircraft, will bring the total number of flights operated by the airline to 36 daily. Speaking …

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10 Foreign Crew Kidnapped in Gulf of Guinea

…As NIMASA celebrates Government’s Anti-Piracy Act in Lagos!*** While the Nigerian Maritime Administration and Safety Agency (NIMASA) was celebrating newly enacted Government’s Anti-Piracy Act towards stemming criminality on Nigerian waters, 10 out of 24 multinational crew in a tanker, ALPINE PENELOPE  were kidnapped while sailing to Lagos. The ship was under …

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NNPC, Partners Spent $360m on Ogoni Cleanup

The Nigerian National Petroleum Corporation, NNPC, alongside its joint venture partners have spent $360 million on cleaning up the Niger Delta oil devastation in the past two years. NNPC and its joint venture partners of Shell Petroleum Development Company (SPDC), Total Exploration and Production of Nigeria (TEPNG) and Nigerian Agip …

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Senate Confirms Kingsley Obiora as CBN Deputy Governor

The Senate on Thursday confirmed the nomination of Dr Kingsley Isitua Obiora as the Deputy Governor of the Central Bank of Nigeria (CBN). This was sequel to the adoption of the report of the Senate Committee on Banking, Insurance and other Financial Institutions read at plenary by its Chairman, Senator …

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Customs Intercepts GUO Bus Loaded with Hemp on Abuja-Jos Road

The Zone ‘D’ Federal Operations of the Nigerian Customs Service (NCS) has intercepted a luxury bus carrying 140 kilograms of cannabis sativa worth N12 million along Abuja-Jos road. Peters Olugboyega, Comptroller in Charge of the zone disclosed this while handing over the vehicle and seized items to the National Drug …

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Nigeria Sells N229.6 Bln T-bills at Higher Yields to Lure Investors

Nigeria has sold a total of N229.63 billion worth of the short-dated Treasury bills at higher returns to try to lure foreign investors to participate at the debt auction after the regulatory bank hike the Cash Reserves Requirements (CRR) for banks to 27.5 percent from 22.5 percent. The one-year treasury …

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