You are here
Foreign Slider 

Death Toll In Mozambique Cyclone, Floods Hits Over 1000

The number of people killed in a powerful storm and preceding floods in Mozambique could exceed 1,000, the president said on Monday, putting the potential death toll greatly more than current figures. Eighty-four deaths have been confirmed so far in Mozambique as a result of Cyclone Idai, which has also left a trail of death and destruction across Zimbabwe and Malawi, with vast areas of land flooded, roads destroyed and communication wiped out. Speaking on Radio Mocambique, President Filipe Nyusi said he had flown over the affected region, where two…

Read More
Business Slider 

Shareholders Laud Transcorp’s Outstanding Results

Shareholders of Transnational Corporation of Nigeria Plc (Transcorp) have commended the Board and Management of the company for their remarkable achievements demonstrated in the company’s record-setting financial performance in 2018.  Speaking at the company’s 13th Annual General Meeting, which was held at the iconic Transcorp Hilton, Abuja on Friday, March 15, 2019, the shareholders lauded Transcorp for remarkably exceeding its financial performance in previous years while positively impacting the lives of its stakeholders across the country.  Transcorp’s results for the financial year ended December 31, 2018, showed that the Group’s revenue hit an impressive N104.16bn…

Read More
Business Slider 

UBA Earnings Hit N494bn, Records Asset Growth

….Driven by Market Share Gains Across Africa  …Records Profit of  N106.8 billion The Pan-African financial institution, United Bank for Africa Plc has announced its Audited 2018 Financial Results with impressive growths achieved across major financial lines.  According to the 2018 financials filed at the Nigerian Stock Exchange on Tuesday, the Africa’s global bank’s gross earnings grew by 7.0 percent toN494.0 billion, compared to N461.6 billion recorded in the corresponding period of 2017. The Bank’s total assets also grew significantly by 19.7 percent to an unprecedented N4.9 trillion for the year under review….

Read More
Business Slider 

Textile Garment Union Lauds CBN’s Ban On Sale Of FOREX

The General Secretary, National Union of Textile Garment and Tailoring Workers of Nigeria (NUTGTWN), Mr Issa Aremu, has commended the Central Bank of Nigeria (CBN) for the  ban on sale of FOREX.  The CBN had on March 5, at its meeting with stakeholders in the cotton, textile, garment value chain in Abuja, banned the sale of FOREX to importers of textiles into the country.  The CBN listed all forms of textile materials among items prohibited from foreign exchange in its official windows.  It also promised a financial intervention to textile…

Read More
Foreign Slider 

Trump Grounds Boeing 737 Max In US, Shares Tumble

President Donald Trump on Wednesday announced the United States is grounding Boeing 737 Max 8 and 9 planes effective immediately, following other nations after a deadly crash last weekend in Ethiopia. Trump made the announcement on Boeing (BA) planes at a briefing on drug trafficking, saying the accident was “tragic.” Boeing shares turned lower after Trump’s announcement. Trump said he discussed the grounding with Boeing CEO Dennis Muilenburg, Transportation Secretary Elaine Chao and acting Federal Aviation Administration administrator Daniel Elwell. President Donald Trump on Wednesday announced the U.S. is grounding Boeing…

Read More
Business Slider 

NOVA Merchant Bank Limited Declares N1.15bn In Profit After Tax

…………..continues to focus on scaling its business NOVA Merchant Bank Limited declared a profit after tax of N1.15bn for the year ended 31st of December 2018, an increase from N510.6m in 2017, as it begins to reap the benefits of its investments in its operations, technology and people. This impressive result demonstrates the Bank’s growth trajectory which is expected to accelerate as it scales its business and grows its client base. It achieved strong growth across all parameters. The Bank recorded a 54.10% growth in gross earnings from N1.22bn in…

Read More
Politics Slider 

Sanwo-Olu To Lagosians: Polls Victory Belongs To You All

The Lagos State governor-elect, Mr Babajide Sanwoolu, on Sunday thanked residents of the state for electing him in the March 9 elections. Addressing party stakeholders in Ikeja after he was declared winner by the Independent National Electoral Commission(INEC), Sanwo-olu said he was honoured by the overwhelming support of residents. He said though the victory carries his name, his success in the election was actually victory for all residents. Sanwo-olu said that he viewed the mandate given to him as a call to service to improve the lives of the people….

Read More
Foreign Slider 

Air Turbulence Injures 30 On Turkish Airline’s Flight To New York

Severe turbulence left 30 people injured and many passengers fearing for their lives on a Turkish Airline flight from Istanbul to New York. Dozens of ambulances were called to New York’s John F Kennedy International Airport after those on board the flight were tossed around the plane cabin during the unanticipated episode around 45 minutes before landing. Injuries included a broken leg, and cuts and bruises, with one passenger reporting blood smeared on the overhead luggage compartment. Passengers said the turbulence was not announced and some people were not wearing their seatbelts…

Read More
Health Slider 

Lagos, MTN Partner To Curb Drug Abuse Among Youths

The Lagos State Ministry of Health, in collaboration with MTN Foundation and a consortium of stakeholders, has unveiled an anti-drug abuse awareness project known as Anti-Substance Abuse Programme (ASAP) to raise awareness on the menace of substance abuse and addiction in the country. Speaking at the unveiling of the project in Lagos recently, the State Commissioner, Ministry of Health, Dr. Jide Idris said the Ministry is committed to working with other stakeholders to advance balanced, people-centred and holistic approaches to drug challenges, fully in line with the universal drug control convention. He noted that the recent…

Read More
Politics Slider 

APC Suspends Okorocha, Amosun, Queries Akeredolu

It was the day of long knives as the National Working Committee (NWC) of the All Progressives Congress (APC) suspended governors Ibikunle Amosun of Ogun and Rochas Okorocha of Imo . The suspension of the governors was confirmed on Friday by a top party official, even as the NWC was still in session. Also suspended were Osita Okechukwu, the director-general of the Voice of Nigeria and Pastor Usani Usani, Minister of Niger Delta affairs. An APC source said the NWC also decided to query Governor Rotimi Akeredolu of Ondo, where…

Read More
Open

All-In-One Solution Pack: Hosting, Domain Registration, Web Design / Dev and Content Management. Contact : 09054605145