Nigerian Bank customers’ begin campaign for higher interest rate on deposits
The recent revelations bordering on the bumper rip-off by banks on depositors seem to have spurred many depositors’ to begin to look at ways to seek redress. This is based on the fact that since recently, banks in connivance with…
NASS steps up legislative work on Gas Flaring Bill 2017, holds public hearing Tuesday
The National Assembly has started serious work on the passage of the Gas Flaring (Prohibition and Punishment) Bill 2017 as part of moves to return air safety in the nation’s oil region. A usually confident source at the NASS told…
How FG abandoned completion of Ajaokuta Steel complex at 98% in 1994
The bitter truth is that in 1994, the firm was just in need of $400m for completion, but now, it will need more than $1.21bn to revive it. The said facility will come in two trenches. First; about $513m to…
S&P affirms structural stability of UBA Plc., gives ‘B/B’ ratings on outlook
Leading international rating agency, Standard and Poor’s (S&P) has assigned its ‘B’ long term and ‘B’ short term global scale counterpart credit ratings to the United Bank for Africa (UBA) Plc. In its statement, the agency said UBA’s market position…
NBC studying other climes to avoid mistakes in DSO as FG confers with StarTimes
As time ticks closer to the international terminal date for all countries to migrate from analogue to digital terrestrial TV broadcasting, the National Broadcasting Commission (NBC) has disclosed that it is taking its time in studying the experiences of nations…
Zinox Technologies fast tracks N2b defamation suit on Premium Times online
Foremost Information and Communications Technology (ICT) company, Zinox Technologies Ltd. has slammed a N2B (Two Billion Naira) suit on Premium Times, an online news medium, for a series of defamatory publications against the company, its Chairman, Leo Stan Ekeh and…
Zinox boss, Ekeh sees FG’s Executive orders as catalysts for industrial boom
More prominent Nigerians have continued to welcome the recent sweeping Executive orders made by the Acting President, Prof Yemi Osinbajo. Chairman of Zinox Group, Dr. Leo Stan Ekeh has commended the Federal Government on the recent signing of an Executive…
More Nigerians decry serial takeover of industrial warehouses by churches in Lagos, others
Since few years back when ease of manufacturing in Nigeria started getting out of hands, it resulted in gradual closure of industries in some parts of Lagos. Lagos residents or people who had lived in some parts of Ikeja, Apapa…
Dangote Flour Mills’ back to profitability, unveils pasta to substitute rice in Nigeria
Dangote Flour Mills has returned to comfortable profitability after posting a profit before tax of N11.82bn for its financial year ended December 31, 2016, thus encouraging shareholders to thank the management team for the feat. Chairman of Dangote Flour Mills,…
Berger Paints gets ECOWAS Trade Liberalisation Scheme (EETLS) certification
Leading indigenous paint makers, Berger Paints Plc has secured the coveted ECOWAS Trade Liberalisation Scheme (EETLS) certificate. The certification, will among other things, enable the company’s products be distributed freely across sub Saharan Africa, starting with Ghana. Already, excited shareholders…
