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Author Archives: Author

Obanikoro dumps PDP, joins APC

A former Minister of State (Defence) and chieftain of the Peoples Democratic Party, Senator Musiliu Obanikoro, has defected to the All Progressives Congress (APC). Obanikoro announced his defection at a press conference in Lagos on Tuesday. He was received by a former chieftain of the PDP, Lukman Ajose, who recently defected to the APC. Obanikoro had earlier apologized and reconciled with ... Read More »

UBA Wins Again! Emerges Financial Brand of the Decade

Pan African banking and financial services group, United Bank for Africa (UBA) Plc has added yet another laurel to its cap as it emerged the Financial Brand of the Decade at the Marketing Edge Awards which was held over the weekend. The award in recognition of UBA’s innovative and pacesetting role, is a product of painstaking review and assessment of ... Read More »

Shut up or I expose your wife, Amaechi threatens Wike

The Minister of Transportation, Rotimi Amaechi, on Tuesday verbally attacked his successor, Governor Nyesom Wike of Rivers State, and threatened to expose the governor’s wife “if he (Wike) does not shut up his mouth.” Amaechi, who was visibly angry at the allegation levelled against his wife by the Rivers governor, also described his successor as a thug who could hardly ... Read More »

DSS finally releases Ifeanyi Ubah

Chairman of ​Capital Oil and Gas Limited​,​ Ifeanyi Ubah,​ has been released by the Department of State Services (DSS)​. Ubah regained his freedom ​today ​after about six weeks in custody​.​ ​An impecable source confirmed the development Tuesday afternoon. “Chairman is in Lagos at the moment, we are expecting him in Nnewi (in Anambra State by weekend” “We don’t have details of his ... Read More »

N541bn Debt: Access Bank, others take over Etisalat Nigeria

A consortium of banks, led by Access Bank PLC and other Nigerian and foreign banks, has taken over the management of Etisalat Nigeria, effective June 15. The takeover followed the collapse of the effort by Emerging Markets Telecommunications Services, EMTS, promoted by-one time Chairman, United Bank for Africa, UBA, Hakeem Bello-Osagie, to reach agreement with the banks on debt restructuring ... Read More »

Aregbesola Cautions US over Trump’s decision on Climate change

* As Ambassador lauds Osun over Social Protection schemes The Governor of Osun, Ogbeni Rauf Aregbesola has on Tuesday urged the United States of America  to seriously consider its stand concerning climate change, as whatever decision America takes will seriously affect many countries of the world negatively. This was even as the United States of America Ambassador to Nigeria, Mr. ... Read More »

Show Leadership, Professionalism In Service To Lagosians, Ambode New PS

  Lagos State Governor, Mr. Akinwunmi Ambode on Tuesday presided over the swearing-in of a new Permanent Secretary, Mrs. Fiyinfoluwa Adenike Ogunbanke, with a call on her to bring leadership, hard work and professionalism to bear in her service to the State and Lagosians in general. The Governor, who spoke at a brief but impressive swearing-in ceremony, held at the Conference Room, ... Read More »

Ikoyi, Banana Island, FESTAC, Trade Fair Belong To LASG – Okunnu

…Urges FG To Release Abandoned, Surplus Assets To Lagos …Says He’s Saddened By Current State Of Federal Secretariat Elder Statesman and former Federal Commissioner for Works and Housing, Alhaji Femi Okunnu on Tuesday expressed sadness over the current status of the Federal Secretariat in Lagos and other abandoned and surplus assets of the Federal Government in the State, urging that the assets ... Read More »

CBN injects $195m into FOREX Market 

  …announces retail option Following its intervention in the inter-bank Foreign Exchange Market, last week, to the tune of over $800 million, the Central Bank of Nigeria (CBN) on Monday, June 19, 2017, injected a total sum of $195m into the inter-bank forex market to meet the requests of customers in the various segments of the market. A breakdown of ... Read More »