Dana Air in Partnership with Imo State Launched Imo Air

Fidelia Okafor Dana Air, in partnership with the Imo State Government has launched Imo Air operated by Dana Air. Speaking during the launching of Imo Air at Sam Mbakwe Airport, Imo State, the State Governor Owelle Rochas Okorocha said, ‘’ this is a 10-year partnership between Dana Air and the Imo State Government and it […]

January 25, 2017

Minister of Health supervises destruction of N9b worth of Fake drugs by NAFDAC in Rivers State

Winifred Bosa. The National Agency for Food, Drug Administration and Control, NAFDAC, has destroyed eleven containers of fake drugs worth over nine billion naira. The destruction of the counterfeit drugs was supervised by the Minister of Health, Professor Isaac Adewale at NAFDAC dump site in Igwuruta, Rivers state. Adewale said the fake drugs were mainly […]

January 25, 2017

Ademola Adebise is Wema Bank’s new Deputy Managing Director

Amaka Obiefuna. Wema Bank Plc. has appointed Ademola Adebise as the Deputy Managing Director of the bank and the decision has been approved by the Board of Directors of the bank. The board announced this at a retreat held recently in Lagos. The appointment has also been approve by the Central Bank of Nigeria (CBN). […]

January 25, 2017

National Insurance Commission to carry out verification of assets and liabilities of insurance companies

Amaka Obiefuna. A circular being sent out by the National Insurance Commission, NAICOM has revealed that the agency is planning a verification of capital resources of insurance companies in the country by the first quarter of the year. The circular titled: “statement of NAICOM’s regulatory priorities for 2017” and dated 23rd January, 2017, was send […]

January 25, 2017

Buhari writes senate to re-nominate Magu as EFCC chairman, rejects Babachir Lawal’s removal as SGF

Nigeria’s president, Mohammadu Buhari has written to the Senate to re-nominate Ibrahim Magu as Chairman, Economic and Financial Crimes Commission (EFCC). In a correspondence read at plenary by the Senate President, Senator Bukola Saraki, the President said he had taken due note of the content of the Senate resolution of 15th December, 2016 and their […]

January 25, 2017

Nigeria’s Central Bank keeps all monetary policy rates unchanged

Amaka Obiefuna. In view of president Donald Trump and he’s administration’s treat to review United States trade agreement with countries around the world, Nigeria’s Central Bank has decided to retain all monetary policy rates, this, it believes will forestall any negatively impact of global economy. The decision was reached at the Monetary Policy Committee meeting, […]

January 25, 2017

Ransom or no Ransom, Kidnappers release abducted pupils of Turkish college after 10 days in captivity

Winifred Bosa. Kidnappers have set free three students and five employees of the Nigerian Turkish International College (NTIC), kidnapped two weeks ago from the school premises in Isheri, Ogun State. They were released at about 8:45pm on Tuesday and have been reunited with their families,The Nation reported. The kidnapping in the school, formerly known as Nigerian […]