President Muhammadu Buhari has dropped Senator Ifeanyi Ararume as Chairman of the Board of the Nigerian National Petroleum Company (NNPC) Limited. The President also replaced Senator Ararume with Senator Margret Okadigbo, wife of a former President of the Senate and running mate to President Buhari in 2007 under the All Nigerian Peoples Party, ANPP, late […]
Apple became the first US company to hit $3 trillion in market value, briefly reaching the landmark on Monday in the latest demonstration of the tech industry’s pandemic surge. The iPhone maker scaled the record level near 1845 GMT, reaching $182.88 a share before slipping back slightly. The tech giant also was the first US […]
Nigerian naira weakened against the dollar at the parallel market to trade at N570 amid demand for the currency during the yuletide season. This is a drop of N5 or 0.9 percent from the N565 it traded last week. Street traders across forex markets in Lagos quoted the rate at N570 to a dollar on […]
The federal government has declared free train rides for citizens starting from December 24 to January 4, 2022. Fidet Okhiria, managing director of the Nigerian Railway Corporation (NRC), disclosed this on Friday during an interview with journalists in Abuja. ”The decision which was made in collaboration with the Ministry of Transportation, is to ease movement […]
The United Arab Emirates agencies, National Emergency Crisis and Disasters Emergency Management Authority (NCEMA), and the General Civil Aviation Authority (GCAA) have suspended entry for passengers from Nigeria and three other African countries. The other countries are Kenya, Tanzania and Ethiopia. The latest suspension is coming at a time the Federal Government and the UAE […]
Titan Trust Bank Limited (TTB) has acquired major stakes in Union Bank of Nigeria Plc. Somuyiwa Sonubi, Union Bank’s secretary, disclosed this in a statement posted on the Nigerian Exchange Limited (NGX) on Thursday. The statement said Union Global Partners Limited, Atlas Mara Limited and other existing shareholders agreed to divest 89.39 percent shareholding in […]
Arik Air has sacked some pilots for embarking on a strike action without following due process. The airline’s PR and Communication Manager, Adebanji Ola, disclosed this in a statement on Wednesday, describing their action as a “gross act of indiscipline.” “The Pilots did not serve a strike notice in accordance with labour laws. They neither […]
The Nigerian naira gained marginally against the US dollar at the parallel market to trade at N565 per dollar. This figure is N5 or 0.9 percent higher than the N570 it traded last week. Street traders across forex markets in Lagos who spoke to TheCable on Wednesday quoted the naira at N565 to a dollar. […]
Ecobank Nigeria Limited has asked the Federal High Court in Lagos to restrain Honeywell Group Limited from dissipating its assets pending the hearing and determination of winding-up proceedings in the suit. It said the assets included but were not limited to Honeywell Group’s shareholding in Honeywell Flour Mills Plc. The bank prayed the court to […]
The federal government has reinstated Emirates’ winter flight schedule to Nigeria. The schedule consisted of 21 weekly passenger flights to Nigeria, comprising two daily flights to Lagos airport and one daily flight to Abuja airport. This was contained in a letter dated December 21 and signed by Musa Nuhu, director-general of the Nigerian Civil Aviation […]
