Fakoyejo Olalekan

TCN Under Fire For Disconnecting 9 LGAs In Abia State From Electricity Grid

The decision of the Transmission Company of Nigeria (TCN) to disconnect Aba Power from the national grid has been condemned by a pro-democracy group, the Civil Liberties Organisation. CLO said the disconnection threw nine out of the 17 local government areas of

April 25, 2023

Seplat Accuses Petitioners Of Trying To Prevent Board From Eliminating Related Party Transactions

Business·Oil & Gas

Seplat’s Chairman, Basil Omiyi, Others To Quit Over ExxonMobil Acquisition Deal

The Chairman of Seplat Energy, Basil Omiyi, will retire from his post before the company’s May 2024 Annual General Meeting. Omiyi, who was appointed to the role 11 months ago, will exit the company due to Seplat’s Board of Directors’ Succession Forward

April 25, 2023

Nigeria Air: Airline Operators Hail Judiciary, Aviation Minister For Upholding Justice

Business

Air Operator’s Certificate: Domestic Airline Operators Hit NCAA, Nigeria Air With Court Restraining Order

The Nigeria Civil Aviation Authority (NCAA) has been restrained by a Federal High Court sitting in Lagos from issuing the proposed national carrier, Nigeria Air, an Air Operator’s Certificate. Nigeria Air has been waiting on the Air Operator’s Certificate to commence operation,

April 25, 2023

Naira Appreciates To N869/$1 As Experts Debate Stability

Business·Insights

Nigeria’s Foreign Reserves Fall By $1.58 billion, To Affect International Investments, Dollar Rate

Nigeria’s foreign reserves dropped by 4.27 per cent in the first quarter of 2023 as foreign capital importation into the country nosedive, Prime Business Africa learnt. This represents a $1.58 billion depletion in the foreign reserves between January to March, as it

April 25, 2023

Business

CBN’s Former Deputy Gov, Moghalu, Lists Problems Affecting Nigeria’s Growth

The former Deputy Governor of the Central Bank of Nigeria (CBN), Kingsley Moghalu, said the difficult business environment is affecting Nigeria. He said most things that work in the country are operated by the private sector. Moghalu, in a series of posts

April 24, 2023

Femi Otedola Issues New Statement After Reports Of Transcorp Plc Acquisition

Business

Femi Otedola, On Twitter, ‘Notifies’ TransCorp Board Of Majority Share Purchase

Femi Otedola has confirmed that he acquired shares in a diversified investment company, Transnational Corporation (Transcorp) Plc. In the past two weeks, reports had circulated that Otedola is buying up shares in Transcorp, a move that instantly renewed the capital market’s confidence

April 24, 2023

Seplat Board Member, Fabian Ajogwu, Resigns Amid Faceoff With Gov’t

Business

Why Shareholders Approve Seplat’s $15 Cents Final Dividends

The shareholders of Seplat Energy Plc approved the payment of US15 cents dividends at the 10th annual general meeting of the company on Wednesday. The Seplat Energy Board had recommended a special dividend of US 5 cents per share to be paid

April 24, 2023

USAir Peace CEO Reveals Why Airline Is Yet To List On Capital Market

Business

Air Peace’s Allen Onyema Appeals For Dialogue Between Aviation Workers, FG

The Chief Executive Officer of Air Peace, Allen Onyema, has advised aviation unions to make industrial action their last resort in their disagreement with the Federal government. Onyema said the parties should continue to embrace dialogue. He made this known on Monday

April 24, 2023

Shareholders Remember Wigwe, Others At Access Holdings Annual General Meeting

Business

CBN Fines Access Bank N604 million For Breaching 3 Regulatory Orders

The Central Bank of Nigeria (CBN) fined Access Bank N604 million for wrong account opening with mismatched details, breaching foreign exchange (forex) guidelines and one other contravention. Prime Business Africa learnt CBN also sanctioned Access Bank for breach of accounts administration agreement,

April 24, 2023

More Calls For Air Peace To Be Designated A Flag Carrier As Airline Increases Routes

Business

Air Peace Makes Another History, Begins Two Weekly Flights To Israel

West and Central Africa’s largest carrier, Air Peace, has, again, made another history as the first ever Nigerian airline to fly direct, nonstop to Israel. The airline commenced scheduled operations in Tel Aviv on April 20, 2023, from Lagos and Abuja. At

April 21, 2023

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Fakoyejo Olalekan

TCN Under Fire For Disconnecting 9 LGAs In Abia State From Electricity Grid

Seplat’s Chairman, Basil Omiyi, Others To Quit Over ExxonMobil Acquisition Deal

Air Operator’s Certificate: Domestic Airline Operators Hit NCAA, Nigeria Air With Court Restraining Order

Nigeria’s Foreign Reserves Fall By $1.58 billion, To Affect International Investments, Dollar Rate

CBN’s Former Deputy Gov, Moghalu, Lists Problems Affecting Nigeria’s Growth

Femi Otedola, On Twitter, ‘Notifies’ TransCorp Board Of Majority Share Purchase

Why Shareholders Approve Seplat’s $15 Cents Final Dividends

Air Peace’s Allen Onyema Appeals For Dialogue Between Aviation Workers, FG

CBN Fines Access Bank N604 million For Breaching 3 Regulatory Orders

Air Peace Makes Another History, Begins Two Weekly Flights To Israel

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