Nigeria’s GTBank yesterday launched a cash tender for its $500,000,000 7.50 percent Eurobond maturing May 2016. This being the first transaction of its kind in Nigeria would boost the financial strength of the banks as well as its commitment to excellence and best practices. In its statement, the bank said the liability management exercise allowed…
The board of Aero Contractors has been dissolved by the Asset Management Company of Nigeria, AMCON, and a manager has been appointed to control the running of the airline. It was gathered that AMCON took over the company based on its statutory responsibility of acquiring Eligible Bank Assets and putting them to economic use in…
The Nigerian Defence Academy, NDA, says its attention has been drawn to a trending video which shows a female cadet torturing a man, who complimented her beauty. Disturbed by the outraged that followed the visual, the Academy says it is investigating the matter, pointing out that the incident took place in Lagos in 2014. In…
Star actress, Ini Edo, has now been appointed Special Adviser on Tourism to the governor of Akwa Ibom State, Udom Emmanuel. The sultry make-belief actress reportedly received her appointment letter last week to that effect. Ini Edo is one of the entertainers from Akwa Ibom State who have made the state very proud. With her…
An out-of-court settlement has been reached between National Leader of the All Progressives Congress, APC, Bola Tinubu, and Chairman of DAAR Communication Plc, Raymond Dokepsi, over a libel case instituted by the former against the latter. Tinubu had dragged AIT, owned by DAAR Communication Plc to court over a documentary titled ‘Lion of Burdillion’, aired…
Senate President, Bukola Saraki, has expressed disappointment over the judgment of the Supreme Court on Friday, which dismissed his appeal to stop his trial at the Code of Conduct Tribunal, CCT. Saraki, in a brief statement issued shortly after the ruling, however, pointed out that he “believes he will have his day in the court…
An appeal at the Supreme Court by Senate President, Bukola Saraki, challenging his trial by the Code of Conduct Tribunal, CCT, has been dismissed. The apex court on Friday held that the Danladi Umar-led CCT was validly constituted by two members. Saraki was arraigned before the CCT on charges bordering on false declaration of assets,…
National Coordinating Council of the Oodua Peoples Congress, OPC, today announced the expulsion of some members for alleged anti congress activities and gross indiscipline which it said portrays the group as anti-people and a lawless organisation. The affected persons are Marruf Salami (Former Kwara State Coordinator) Adeola Adeagbo (Former Oyo State Coordinator) Rotimi Akinsowon (Former…
When prophets speak, the wise listen and they benefit from it. Again, one of the predictions of popular Abuja-based Prophet and General Overseer of Champions Royal Assembly, Bro Joshua Iginla, has come to fulfilment. The amiable clergy during the New Year prophesies predicted that In Akwa Ibom, the Governor will face hard times but he…
One of the leading commercial institutions in Nigeria, Ecobank Nigeria, has handed over to the police for prosecution three of its employees found to have stolen a total sum of N2.8 Million from customers’ accounts through forged signatures. The alleged offence was discovered by the Quality Assurance Unit of the bank during weekly reconciliation. Consequently,…