Rochas Okorocha, governor, Imo State, has said that the current insecurity challenge in Nigeria can be tackled if the government engages community leaders and the people in the affected areas. He stated this yesterday in Owerri while receiving journalists who had come to Imo State for the annual Nigeria Media Merit Awards, NMMA. He urged…
Boom Time for Properties in Lekki Free Trade Zone
The Lekki-Epe property market is fast becoming a new goldmine. From all indications, the area has transformed from a near backwater settlement on the outskirts of Lagos into a sprawling, modern settlement and one of the fastest growing property market in Lagos. To some industry sources, the Lekki/Epe corridor is the ‘New Lagos’, judging by…
‘CP led A Team To Dislodge Armed Robbers in Ifaki Ekiti’ – Victor Babayemi, Ekiti PPRO
The Ekiti State Command of the Nigeria Police Force, NPF, has dislodged a gang of 30-armed robbers that attempted to rob the First Bank branch in Ifaki-Ekiti and attacked the police station close to the bank early today. The team led by Taiwo Lakanu, commissioner of police, CP, foiled the attempt of the armed men,…
Row over Access Bank Offer
The Securities and Exchange Commission launches an investigation into the technical suspension imposed by the Nigerian Stock Exchange on Access Bank shares, amidst reactions by stakeholders The confusion generated by the actions of the Securities and Exchange Commission, SEC, and the Nigerian Stock Exchange, NSE, over the shares of Access Bank may take a toll…
AfDB to Invest $150million in Lekki Port
Sandeep Parasramaka, chief financial officer, Tolaram Group, has disclosed that the African Development Bank, AfDB, one of the financiers of the Lekki Seaport project, has obtained approval of its board to commit $150 million to the project. Parasramaka added that the port project got a boost with the recent conclusion of the due diligence required…
Facebook Sues DLA Piper and others for fraud
Facebook incorporated and Mark Zuckerberg, chief executive officer of the social network, has filed a lawsuit against DLA Piper and other law firms for allegedly prosecuting a fraudulent lawsuit. The law firms had represented Paul Ceglia, a man who claimed he owned half of the social network and was entitled to billions of dollars from…
FG Says Power Plants Perform below 30 per cent capacity
The federal government has announced that some power generating plants in the country are performing below 30 per cent of their installed capacities after about one year the sector was privatised. Chinedu Nebo, minister of power, explained that many power plants built to generate electricity were only able to utilise a fraction of their installed…
‘Entrepreneurial Education Is Key to Economic Growth’
The growth of the economy and development of a country depend on its educational system. Researchers found out that investment in education or reforms positively affects the productivity of the labour force and that increases gross domestic product, GDP. To create a safer and more prosperous economy, the British Council hopes to use the 2014…
Expanding the Business Frontiers
Access Bank excites customers and shareholders with a N64 billion rights issue The lingering demand for upgrade of its branch network by its customers may soon be over. The customers’ hope was rekindled by the management of Access Bank last week when they were informed that the bank would soon embark on massive branch network…
BOI Honours Customers with Hall of Fame
The management of the Bank of Industry, BOI, has established a Hall of Fame scheme to honour 10 of its customers that have shown excellent performance in repaying loans granted by the bank. They are Ammasco International Limited, Kano; Cement Company of Northern Nigeria, CCNN, Sokoto; Cobef International Limited, Port Harcourt, Rivers State; Happinex Foam…
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