The governors of the six states of the South-west on Thursday announced that the Amotekun security initiative will no longer be regional but state-based. The announcement was made after the governors met with the Inspector-General Police, Mohammed Adamu, at the Lagos State House, Alausa, Ikeja, Lagos. The Operation Amotekun bill…

The management of Access Bank Plc has announced the relocation of its head office from Danmole Street in the Victoria Island axis of Lagos State to another location in the commercial city. The bank made this known in a disclosure notice sent to the Nigerian Stock Exchange (NSE) on Thursday.…

The Nigerian Civil Aviation Authority (NCAA) has appealed to passengers over the prevailing flight delays and cancellations experienced in airports across the country The agency said the development is due to adverse weather situations. A statement by Sam Adurogboye, the agency’s spokesperson, said the prevailing inclement weather is a global…

The Central Bank of Nigeria (CBN) has announced its decision to stop the burning of currency notes withdrawn from circulation. In a notice posted on the bank’s website, the apex bank said it will soon commence the recycling of mutilated banknotes. The apex bank disclosed that although it destroys about…

The Accident Investigation Bureau, Nigeria (AIB-N) has released two preliminary reports on the incidents involving aircraft owned and operated by Air Peace Limited and Max Air. A statement by Tunji Oketunbi, General Manager (Public Affairs), said Air Peace Boeing 737-500 aircraft with registration marks 5N-BUJ was enroute Sam Mbakwe Airport,…

A bush fire incident has occurred at the Sam Mbakwe International Cargo Airport, Owerri, Imo State. The Federal Airports Authority of Nigeria (FAAN) disclosed this in a statement Tuesday. FAAN said that officers of the Air Rescue and Fire Fighting Services were on ground and fire fighting was in progress.…

The Central Bank of Nigeria (CBN) on Tuesday announced the restriction of foreign exchange for milk importation to six companies in Nigeria. A statement by the apex bank said the companies include Nestle, FrieslandCampina WAPCO Nigeria, Chi Limited, TG Arla Dairy Product limited, Promasidor Nigeria, Nestle Nigeria and Integrated Dairies…

The Nigerian National Petroleum Corporation (NNPC) and the United States Trade and Development Agency (USTDA) have signed a $1.16 million grant for the NNPC Abuja Independent Power Project. The signing of the agreement took place Tuesday morning at the ongoing Nigeria International Petroleum Summit (NIPS) in Abuja. The plant is…

Passengers on a London-bound airplane that took off from Nigeria’s capital, Abuja, were thrown into panic Sunday as strong winds forced the flight to abort its landing. The incident happened seconds after the plane touched down on the runway of the Heathrow Airport in London. A video posted on social…

At the entrance of Ngwa Road Market in the heart of Aba in Abia State, an unperturbed Chika Mba sat gently in the midst of broken bottles, used plastic, dirty nylons, and rags. As the stench of waste and rubbish engulfed the atmosphere, Chika, a 34-year-old trader, moved around to…

The removal of multiple tax footprints for securities, lending and real estate investment schemes will stimulate activities in different segments of the Nigerian capital market, an expert has said. Wole Obayomi, partner and head of Tax, Regulatory and People Services at KPMG, said this in Lagos on Monday. Mr Obayomi…

A leaked internal memo showing details of amount payable to staff of the Nigerian Ports Authority (NPA) for domestic air travel has angered Nigerians. The leaked memo, trending on social media, shows details of how the NPA management approved different sums for domestic air travels around the country. The memo,…

Aviation workers’ unions on Monday took over the collection of tolls at the access gate of Murtala Muhammed International Airport (MMIA) Lagos, from a concessionaire, Integrated Intelligent Imaging West Africa Limited (ICUBE). The development caused unease for a number of airport users as members of the unions stormed the access…

The outbreak of coronavirus in China has caused uncertainty among concerned operators in the Nigerian economy as oil prices continue to slide downward below the nation’s budget benchmark. PREMIUM TIMES’ check at 11:40 a.m. on Tuesday morning showed Brent crude, the main international price, stood at $54.82 per barrel, up…

“My businesses are suffering from what I know nothing about. I don’t smuggle petrol across the border. We only sell petrol to motorists and other users in Nigeria. I am too far from the border to be engaged in petrol bunkering, if you want to see those smuggling petrol to…

Google Nigeria on Tuesday launched its first GoogleDevelopers Space in Lagos, Nigeria’s commercial hub. The tech company said it launched the centre to provide a place where entrepreneurs, developers, startups and investors could connect and collaborate with each other. Juliet Ehimuan, Country Director, Google Nigeria, said that the space was the next…

The United Bank for Africa (UBA) Plc has announced the appointments of Aisha Hassan-Baba and Kenneth Orji as Non-Executive Directors on the Group’s Board. A disclosure notice made available to the Nigerian Stock Exchange on Wednesday said the new appointments are subject to the approval of the Central Bank of…

British Airways on Wednesday suspended all direct flights between the United Kingdom and China. A statement by the airline Wednesday said the decision was made in light of the Wuhan coronavirus outbreak. "We have suspended all flights to and from mainland China with immediate effect following advice from the Foreign…

The Federal Competition and Consumer Protection Commission (FCCPC) has shut down Panda Supermarket in Nigeria’s capital, Abuja. The supermarket was shut down after an inspection of the stall by the commission on Tuesday. Panda supermarket is one of the retail shops in Abuja. Located in Jabi District axis of Abuja,…

The Nigerian Stock Exchange will on Wednesday launch its Growth Board in Nigeria's commercial capital, Lagos. A statement by the NSE said the launch of the Growth Board provides issuers with the opportunity to leverage on the Exchange for listing, raising long term capital and facilitating liquidity in the trading…

A Nigerian oil company, LekOil, is currently in the eye of the storm over an alleged scam of $600,000 involving a consultancy firm, Seawave Invest. The Guardian (UK) reported that the company revealed the alleged scam after handing over the money to the consultant, who had promised to help arrange…

The management of Access Bank Plc on Wednesday announced its intention to expand its businesses into the Republic of Cameroon. The bank made this known in a disclosure notice sent to the Nigerian Stock Exchange (NSE). The notice, signed by Sunday Ekwochi, the Company Secretary, said that the move followed…

The Nigerian passport has been ranked among some of the weakest in the world. Although Nigeria is regarded as Africa’s largest economy, the Nigerian passport suffered the worst decline in rankings on the annual Henley Passport Index. PREMIUM TIMES analysis of the details of the 2020 Henley Passport Index ranking…

Several flights were cancelled and numerous others delayed at the Dubai International Airport as heavy rain left the airport waterlogged at the weekend. The rains began Saturday and continued overnight until Sunday, causing disruption in flight operations. Although details of the situation remains sketchy Monday afternoon, India Times reported that…

The Speaker of the House of Representatives, Femi Gbajabiamila, has called for the suspension of the proposed hike in electricity tariff, saying the increment should not be allowed until estimated billing is criminalised. The speaker expressed worry over the ability of power distribution companies to provide uninterrupted power supply after…