• Bayo Adetu
• December 11, 2021
• BUSINESS
• 0 Comments

By Bukola Idowu  The Court of Appeal Lagos Division has dismissed an appeal by the Chairman of Global Fleet Group, Barrister Jimoh Ibrahim, challenging the Asset Management Corporation of Nigeria (AMCON)’s seizure of his 12 assets and freezing of all his accounts over his alleged N69.4billion debt. A press release issued immediately after the appellate court’s decision by Head Corporate …

• Bayo Adetu
• December 9, 2021
• BUSINESS
• 0 Comments

The Lagos State House of Assembly is poised to ensure that the 2022 budget works in the interest of the residents of the State, Speaker Mudashiru Obasa has said. Obasa said this on Thursday at the opening of a 3-day budget retreat with the theme: Addressing the service delivery priorities of Lagosians in the post-COVID era: issues, opportunities and options’ …

• Bayo Adetu
• December 7, 2021
• BUSINESS
• 0 Comments

By Udeme Akpan There are indications that the prices of Liquefied Petroleum Gas, LPG, also known as cooking gas, would rise further as supply dips by 5.5 per cent to 85,066.546 metric tonnes, MT, in September, from 90,017.002 MT recorded in August 2021. A market survey by Vanguard showed that the price of 12.5 kg currently stands at N8,500 but could rise …

• Bayo Adetu
• December 7, 2021
• BUSINESS
• 0 Comments

Uber and Bolt drivers have called on ride hailing companies operating in Nigeria to conduct proper profiling of riders in order to stop frequent killing of innocent drivers by criminally minded users. The News Agency of Nigeria (NAN) reports that Ibrahim Ayoade, President, National Union of Professional App-based Transport Workers (NUPABTW), made the call at a News conference on Monday …

• Bayo Adetu
• December 6, 2021
• BUSINESS
• 0 Comments

Zenith Bank’s Group Managing Director/CEO, Mr. Ebenezer Onyeagwu, has emerged CEO of the Year for a second consecutive year at the Sustainability, Enterprise and Responsibility (SERAS) CSR Africa Awards held at the weekend in Lagos. According to the judges, he was selected for a number of reasons, including engendering a culture that promotes the continued investment in social initiatives in …

• Bayo Adetu
• December 6, 2021
• BUSINESS
• 0 Comments

A 44-year-old father of three, Gabriel Anthony Patrick has been arrested by operatives of the National Drug Law Enforcement Agency, NDLEA, at the Nnamdi Azikiwe International Airport, NAIA, Abuja for ingesting 96 pellets of cocaine, which he excreted in the custody of the Agency. This is contained in a statement signed by Femi Babafemi, NDLEA Director, Media & Advocacy and …

• Bayo Adetu
• December 6, 2021
• BUSINESS
• 0 Comments

Emirates has today touched down in both Abuja and Lagos, marking the restart of daily services to Nigeria from Dubai. It received a spectacular water canon welcome at Murtala Mohammed Airport, Lagos.  Both flights from Dubai, EK 785 to Abuja and EK 783 to Lagos, were welcomed to Nnamdi Azikiwe International Airport and Murtala Muhammed International Airport with water cannon salutes. Upon arrival, a cake cutting …

• Bayo Adetu
• December 5, 2021
• BUSINESS
• 0 Comments

“There is always a lot to spend money on, and sometimes the bills can’t wait for the salary to be paid” Tope complained when his wife informed him that they had run out of cooking gas and had to refill. He had just moved to a new location with his family and the bills seemed to be coming at such …

• Bayo Adetu
• December 2, 2021
• BUSINESS
• 0 Comments

The Nigerian Communications Commission has announced that three telecoms companies have qualified as approved bidders of the forthcoming 3.5 gigahertz spectrum auction for the deployment of Fifth-generation networks in the country. In a statement, the commission said the qualified bidders have also met the Intention to Bid Deposit as outlined in the Information Memorandum, and are MTN Nigeria Plc., Mafab …

• Bayo Adetu
• November 30, 2021
• BUSINESS
• 0 Comments

The Speaker of the Lagos State House of Assembly, Rt. Hon. Mudashiru Obasa, on Tuesday committed the 2022 Appropriation Bill of the State to a joint committee on Finance and Economic Planning and Budget after deliberations by members. Recall that Governor Babajide Sanwo-Olu, last Wednesday presented to the Assembly a budget size of ₦1,388,285,459,990.51 for the year 2022. As the …