In a recent development, the Federal Airports Authority of Nigeria (FAAN) has directed airlines to relocate flight operations and passenger processing to Terminal 2 of the Murtala Muhammed International Airport. This directive was communicated by Abdullahi Yakubu-Funtua, the Director of Public Affairs & Consumer Protection at FAAN, in a statement released in Lagos. Mr. Festus Read More…
Yaba College of Technology (YABATECH) has expressed its intention to establish and operate a television station within the institution, with the college’s Rector, Ibraheem Abdul, revealing this during a courtesy visit by the new Zonal Director of the National Broadcasting Commission (NBC), Mr. Raphael Akpan, in Lagos. Abdul emphasised that having a television station on Read More…
Ikorodu Local Government has persistently featured among the top five local governments with the highest rates of domestic violence, sexual violence, and child abuse over the past five years, according to Mrs. Titilola Vivour-Adeniyi, the Executive Secretary of the Lagos State Domestic and Sexual Violence Agency (DSVA). Speaking in Lagos, Mrs. Vivour-Adeniyi highlighted the significance Read More…
In a recent session, the Lagos State House of Assembly confirmed the appointments of 15 commissioner-nominees, including prominent figures such as Prof. Akin Abayomi and Mr. Gbenga Omotosho. However, the assembly rejected the other two nominees in Governor Babajide Sanwo-Olu’s second batch. During the session, the assembly also decided to postpone the confirmation of Mr. Read More…
The Eko Electricity Distribution Company (EKEDC) has assured its customers of its preparedness to launch a large-scale initiative for the distribution of prepaid meters within its network areas. Dr. Tinuade Sanda, CEO of EKEDC, conveyed this commitment during a customer engagement forum held in Lagos on Thursday. The event, attended by customers from various areas, Read More…
Nigeria’s state oil corporation, NNPC Ltd., has raised concerns over Italy’s Eni subsidiary’s announcement of a deal to transfer onshore oil assets to local company Oando PLC. In a letter seen by Reuters, NNPC Ltd. contends that Eni’s subsidiary, Nigerian Agip Oil Company Ltd. (NAOC), failed to obtain NNPC’s consent before revealing the transaction. Such Read More…
The naira gained against the dollar on Thursday as it exchanged at N736.62 at the Investors and Exporters window. The local currency appreciated by 4.53 percent compared to the N771.59 it exchanged for the dollar on Wednesday. The open indicative rate closed at N774.74 to the dollar on Thursday. A spot exchange rate of N799.90 Read More…
PZ Cussons, the renowned soap maker based in Manchester, has revealed its intentions to acquire the minority shareholders of PZ Cussons Nigeria and subsequently remove the business from the Nigerian stock exchange. The decision to take this step is attributed to the “foreign exchange challenges” experienced in Nigeria. According to the company, “The group believes Read More…
Nigeria has successfully garnered investment pledges totalling almost $14 billion from Indian investors, signalling a growing economic partnership between the two nations. Ajuri Ngelale, a presidential spokesperson, made the announcement and highlighted important investment commitments: President Bola Tinubu, representing Nigeria as a guest country at the upcoming G20 summit in New Delhi, played a pivotal Read More…
