News Reports

Oscar Onyema

Tell truth about your operations – NSE boss charges companies

The NSE boss says organizations should endeavor to publish the information the public needs to know.

Nigeria earns N5.5 trillion in 8 months

Nigeria lost N226 billion to the one-week anti subsidy removal strike held nationwide in January.

UPDATED: Court strikes out order seeking to stop Dana Air crash inquest

The organisation that instituted the suit will now pay N10,000 to the Lagos State government.

Former Bank PHB boss, Atuche, paid N45m tithe with depositors funds-EFCC

Francis Atuche gave two churches in Delta State depositors money to the sum of N45 million.

Otedola, Elumelu, Babangida, others buy four power plants

The Nigerian Council on Privatisation has announced the bid winners for four power plants to be sold to private companies.

Lagos residents face 12-month jail for tax evasion

The Lagos State Government wants a law that would punish residents who do not pay tax.

Arik crisis: Domestic airlines revert to lower fares

Airlines reduce fares after turbulent week in aviation industry.

NCP declares bid winners for four power plants

Transcorp wins bid for Ughelli Power plant.

Financial bids opening for Nigeria’s five power plants

The financial bids opening process for the seven successful bidding firms that scaled the technical evaluation hurdle by the Bureau of Public Enterprises (BPE) is to hold this morning in Abuja. The seven firms are among the original 25 that submitted bids for the country’s five power generation plants slated for sale under the federal government privatization […]

Arik Air to resume flight

Aviation officials and Arik Air apologise to passengers as airline agrees to resume operations.

Aviation unions call off action against Arik

The FAAN boss said the workers had agreed to stop their actions against Arik.

Arik Air

Arik Air closure: passengers demand refund for unused tickets

After Arik airline closed on shop on Tuesday, disappointing its customers, they demanded refunds from the airline.

Lagos shuts 7 companies for tax evasion

In Lagos state, the tax body has shut down seven companies for owing state taxes.

Arik Air accuses Aviation Minister, Stella Oduah, of corruption

The Airline says it is suffering because it bruised the ego of the aviation minister when it refused to accede to ‘personal interest’ requests.

NDIC, CBN train staff on risk based supervision of banks

Insurance Corporation and Central Bank collaborate on training staff in risk management and supervision.


Sack BPE boss now, implement probe report, Senate tells Jonathan

The Senate on Thursday revisited the demand it made to President Goodluck Jonathan last December for the immediate sack of the Director General, Bureau of Public Enterprises, BPE, Bolanle Onagoruwa.

DANA Air assures victims families of adequate compensation

Relatives of the victims of the Dana Air crash will be duly compensated, Dana Air says.

Arik Air

FAAN distances self from Arik suspension

The aviation authority released an ambiguous statement absolving self from the Arik problems.

Arik Air

Arik Air shut, passengers stranded

The airline and aviation authorities give conflicting reasons for the closure.


CBN opts to keep lending rate at 12%

Headline inflation has moderated from 15 per cent to 14.7 per cent in August.

Reps insist Oteh must go

The House of Representatives has taken a stand against the presidency on Arunma Oteh.

Sanusi lamido sanusi

UPDATED: House directs CBN to halt N5, 000 note introduction

The lower chamber is determined to tow an independent position from the executive on crucial issues.

CBN collates database of micro-finance banks

The CBN governor wants more women to take advantage of credit facilities in micro-finance banks.

Lawmakers plot against Sanusi’s N5000 note

Members of the National stand headstrong against the CBN’s currency reform.


ATMs to dispense coins- CBN

The CBN says the proposal to introduce the coins dispensing ATMs is in line with its cashless policy.