Saturday , July 22 2017

Capital Market

Money Market

Skye Bank Plc Denies Concealing TSA Funds

  Our attention has been drawn to media reports of a ruling of the Federal High Court in Lagos yesterday July 20, 2017 wherein seven commercial banks were ordered by Hon Justice Chuka Obiozor to remit a total of $793.200.000 allegedly hidden with them in contravention of the Federal Government’s ...

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UBA Says Do not Owe Government Money

    Our attention has been drawn to the order of the Federal High Court in Lagos directing that seven (7) commercial banks, including UBA Plc, temporarily remit a total of $793,200,000 allegedly hidden in contravention of the Federal Government’s Treasury Single Account policy pending the determination of the suit ...

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Brand News

Business Wheels

Mazda recalls 19,000 more vehicles

  Mazda Motor Corp. is recalling 19,000 cars in South Africa due to airbag safety concerns as the Japanese carmaker extends a global recall to cover a wider manufacturing period, its local unit said on Monday. The recall was prompted by investigations in Japan and North America for three different ...

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Honda recalls 2.1m Accords worldwide

  American Honda will voluntarily recall 2.1 million Accord models worldwide made between 2013 and 2016, after five reports that the vehicle’s battery sensors caused engine fires. Honda said 1.1 million of the recalls would take place in the U.S. and another 1 million around the world. Four of the ...

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Industry

Unpaid Debt: AMCON Takes Over Gateway Portland Cement

        Hon. Justice A.T. Mohammed of The Federal High Court Abeokuta Division, Ogun State has granted an injunction against Gateway Portland Cement Limited and Dr. Olumuyiwa Odegbami on the application of Asset Management Corporation of Nigeria (AMCON). Consequent upon the court order, AMCON’s Receiver, Mr. Charles Adeogun-Phillips ...

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LAGOS DENIES APPROVING CONSTRUCTION OF ICT MALL IN IKEJA

      …Says Govt Committed To Relocation Of Computer Village To Katangowa       Lagos State Government on Tuesday denied involvement with an infrastructural firm, Master Realty International Concept Ltd, allegedly reported to be parading itself as having approval to construct an ICT specialized mall directly beside the ...

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Politics

APC MEMBERS PROTEST AT ALAUSA, DEMAND BANIRE’S EXPULSION

Concerned Leaders and members of the All Progressives Congress (APC) in Mushin Local Government and Odi Olowo Local Council Development Area protest for the removal of the Party’s National Legal Adviser for anti-party activities at Alausa, Ikeja, on Tuesday, July 18, 2017.       Scores of leaders and members ...

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LG ELECTION: LAGOS ANNOUNCES RESTRICTION OF MOVEMENT

…Urges Voters To Perform Their Civic Duty Peacefully The Lagos State Government has announced restriction of vehicular movement in the State on Saturday July 22, 2017 in view of the elections that will hold across the 20 Local Government and 37 Local Council Development Areas (LCDAs) across the State. In ...

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Pension

Lagos employees enthusiastic of better service to citizens

Dr. Akintola, Benson     Press Release—Employees of Lagos State Government have expressed commitment in their service to the State and its citizenry. The employees expressed commitment yesterday at the opening session of a workshop tagged: ‘Integrating Contemporary Business Leadership into the Corporate Governance Model of the Lagos State Civil ...

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News from Nigeria

Africa News

Akinwumi Adesina wins 2017 World Food Prize

  “Throughhis roles over the past two decades with the Rockefeller Foundation, at the Alliance for a Green Revolution in Africa (AGRA), and as Minister of Agriculture of Nigeria, Dr. Adesina has been at the forefront of galvanizing political will to transform African agriculture through initiatives to: expand agricultural production, ...

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DHL Express lauds employees as cornerstone of success

Paul Clegg, Vice President, Human Resources, DHL Express Sub Saharan Africa           In a network business like DHL Express (www.dpDHL.com), it is imperative that a culture of motivation is inculcated among employees so they will deliver superior service to our customers. The annual DHL Employee Appreciation ...

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Crime Reports

Evans Intact In Our Custody – Police

      The Nigerian Police has debunked news making the rounds that suspected kidnap kingpin, Chukwudumeme Onwuamadike, A.K.A Evans, has vanished from police custody. A statement by the Force Public Relations Officer, CSP Jimoh Moshood, noted that the reports are “untrue and absolute falsehood”. “Evans is intact in police ...

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