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LCCI decry exclusion of textile from Forex

LCCI decry exclusion of textile from Forex

The Lagos Chamber of Commerce and Industry (LCCI) says the exclusion of all forms of textile materials from the foreign exchange market pose a threat to the N5 trillion fashion industry. Muda Yusuf, Director-General of LCCI, who disclosed this in a statement on Sunday in Lagos, noted that tailoring, accessories and garment industry would suffer […] …

Lagos to developers: Failure to demolish defective structures ‘ll lead to forfeiture

Lagos to developers: Failure to demolish defective structures ‘ll lead to forfeiture

The Lagos State Government has advised house owners and developers whose structures have been marked for demolition to remove them forthwith failing which they risk the forfeiture of the properties. While commiserating with the families of the deceased following the collapse of the building at Ita- faji, the Honourable Commissioner for Physical Planning and Urban […] …

Labour plans to picket GTbank over restrictions on accounts

Labour plans to picket GTbank over restrictions on accounts

The Nigeria Civil Service Union (NCSU) at the weekend threatened to mobilise her members nationwide to shut down banking operations of Guaranty Trust Bank (GTB) across the country over what it described as illegal restrictions of the union accounts. The union leadership has therefore written to the Management of the bank and security agencies warning […] …

AMCON to sack asset partners over N740b debt recovery

AMCON to sack asset partners over N740b debt recovery

The Managing Director/CEO, Asset Management Corporation of Nigeria (AMCON), Ahmed Kuru, has hinted on the corporation’s plan to disengage Asset Management Partners (AMPs) that are not effective in recovering N740 billion debts assigned to them. The AMPs are currently handling over 6,000 accounts within AMCON portfolio but outsourced to them. The accounts outsourced to AMPs […] …

Ethiopian Crash: Germany rejects analysis of black box

Ethiopian Crash: Germany rejects analysis of black box

Ethiopian Airlines said Thursday that the black box flight recorders from the Boeing 737 MAX 8 that crashed with 157 people on board, have been flown to Paris for analysis. The airline stated this Twitter message. “An Ethiopian delegation led by Accident Investigation Bureau (AIB) has flown the Flight Data Recorder (FDR) and Cockpit Voice […] …

I didn’t interrogate Akingbola, says EFCC witness

I didn’t interrogate Akingbola, says EFCC witness

A chief inspector at the defunct Intercontinental Bank Plc, Abdulraheem Jimoh, on Thursday told the Federal High Court in Lagos that he did not interrogate the bank’s Managing Director/Chief Executive Officer Dr Erastus Akingbola during his investigation. Under cross-examination by defence counsel Chief Wole Olanipekun (SAN) during Akingbola’s trial before Justice Mojisola Olatoregun, Jimoh, the […] …

FAAN gives eight international airlines March 31 deadline to move to new terminal

FAAN gives eight international airlines March 31 deadline to move to new terminal

The Federal Airports Authority of Nigeria (FAAN) has given British Airways, Turkish Airlines and six other international airlines March 31st deadline to move into the new international terminal at the Nnamdi Azikiwe International Airport, Abuja. The Authority said the relocation of the airlines would enable it commence renovation work at the old terminal. So far, […] …

EFCC re-arraigns ex-Intercontinental Bank MD on money laundering

EFCC re-arraigns ex-Intercontinental Bank MD on money laundering

The Economic and Financial Crimes Commission (EFCC) on Wednesday re-arraigned a  former Managing Director of the defunct Intercontinental Bank PLC, Erastus Akingbola in a Federal High Court in Lagos, for alleged Money Laundering charges. He is charged by the EFCC with amended 22 count charge bordering on the offence. He had pleaded not guilty to […] …

We are recruiting, NNPC confirms

We are recruiting, NNPC confirms

The Nigerian National Petroleum Corporation ( NNPC) says it has opened its portal for recruitment of fresh graduates and experienced professionals into the system. Mr Ndu Ughamadu, its Group General Manager, (Public Affairs Division), confirmed this to the News Agency of Nigeria (NAN) in Abuja on Wednesday. He said that the portal for the recruitment […] …

Crashed Ethiopian airline may gulp $60m insurance claims

Crashed Ethiopian airline may gulp $60m insurance claims

Losses from Boeing 737 Max 8 aircraft operated by Ethiopian Airlines have been speculated to be between 50 million dollars and 60 million dollars, Willis Towers Watson (WTW) said. The Insurance firm said this on Tuesday. The aircraft heading to Nairobi crashed on March 10, after take-off from Addis Ababa, killing all 159 passengers on […] …

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