Day: May 12, 2016

Hard Times Hit Mike Adenuga As Glo Offices Shut

These are definitely the best of times for billionaire businessman, Mike Adenuga. It seems he is moving from one problem to another. On Wednesday, May 11, 2016, officials of the Federal Inland Revenue Service, FIRS, were at his company’s headquarters in Lagos to seal up the place. The FIRS officials said the telecommunications company, Globacom…

Tinubu Backs Fuel Subsidy Removal

National Leader of the All Progressives Congress, APC, Bola Ahmed Tinubu, has expressed his support for the removal of petrol subsidy by the Federal Government as announced on Wednesday by the Minister of State for Petroleum Resources, Ibe Kachiwku. The former governor of Lagos in a statement issued on Thursday in Lagos the President Muhammadu…

Boko Haram Claims Responsibility For Maiduguri Attack

Deadly terrorists group, Boko Haram, says it is responsible for the attack on Thursday at the secretariat of Borno State in Maiduguri. The bombing claimed not less than two policemen and left several other people injured. Boko Haram, in a statement issued after the attack using the name Islamic State West Africa Province, ISWAP, disclosed…

PDP Faction Sacks Sheriff As Chairman

The planned extension of Ali-Modu Sheriff’s appointment as National Chairman of the Peoples Democratic Party, PDP, has been kicked against by a faction of the party led by former Minister of Information, Prof Jerry Gana. Gana, also a founding member of the party, led a group called the Concerned Stakeholders’ to a meeting on Thursday…

Shareholders Give Nigerian Breweries Thumbs Up

Nigerian Breweries Plc, Nigeria’s foremost brewer, has been applauded by its shareholders for achieving an impressive financial result for 2015. The shareholders who spoke at the 70th Annual General Meeting, AGM, of the company held in Lagos on Wednesday, noted that the company’s performance in spite of the very challenging operating environment, stood out as…

Fuel Price May Go Above N200 Per Litre—Ogun PDP

***Describes Buhari’s Govt As Anti-People Ogun State Chapter of the Peoples Democratic Party, PDP, has vehemently condemned the increase in price of Premium Motor Spirit from N86 to N145 per litre as announced by the Federal Government on Wednesday, May 11, 2016. The party, in a statement signed by its Publicity Secretary, Malik Ibitoye, and…

FIRS Seals Jimoh Ibrahim’s NICON Luxury Hotel

Officials of the Federal Inland Revenue Service, FIRS, have sealed a company owned by popular Nigerian businessman, Jimoh Ibrahim. On Thursday, May 12, 2016, men of the FIRS stormed the premises of NICON Luxury Hotel and pasted their stickers on the property. It was gathered that the action was taken against the company because of…

NIMASA Begins Top Management Retreat

Members of the top Management of the Nigerian Maritime Administration and Safety Agency, NIMASA, have commenced a retreat to draw a roadmap for the development of the Nigerian maritime sector. The roadmap which is in fulfilment of the promise of the Director General, Dr. Dakuku Peterside to stakeholders is aimed at engendering a conducive atmosphere…

Buhari Seeks Int’l Help To Fight Corruption

President Muhammadu Buhari has urged the international community to urgently create anti-corruption infrastructure and a strategic action plan to facilitate the speedy recovery and repatriation of stolen funds hidden in secret bank accounts abroad. Buhari made this plea on Thursday in London at the opening of the Anti-Corruption Summit hosted by Prime Minister David Cameron…