The Nigerian Civil Aviation Authority (NCAA), has said that it would not hesitate to invoke relevant sections of the organisation’s regulations to sanction Turkish Airlines for mistreatment of Nigerian passengers. NCAA’s Director, Public Affairs and Consumer Protection, Mr Michael Achimugu, disclosed this to newsmen on Wednesday in Lagos. Achimugu said that President Bola Tinubu had…
The Capital Market Solicitors Association (CMSA), under the Chairmanship of Odiaka Vincent Iweze, haa announced its upcoming Annual Business Summit (ABS) scheduled for June 6, 2024. The event kicks off at 10am at the Oriental Hotel on Victoria Island, Lagos. This year’s theme, “Revolutionizing the Nigerian Capital Market Through Innovative Financial Instruments for Sustainable Development,”…
Fidelity Bank’s shareholders have approved N60m as a new compensation package for its chairman for the 2024 fiscal year. This was disclosed in a document filed with the Nigeria Exchange Group titled ‘Resolutions from the 36th annual general meeting on Monday. Also, each non-executive director will earn N40m per annum. The bank said the resolution…
Wema Bank has revealed that a N10m cash prize is up for grabs for customers in the grand finale of season 3 of its 5 for 5 promo. Wema Bank 5 for 5 Promo, which will end later this month, is a reward initiative introduced by the bank in 2019 to reward its customers for…
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), has raised the country’s baseline interest rate by 150 basis points to 26.25 per cent from 24.75 per cent. Mr Yemi Cardoso, the Governor of CBN, said this on Tuesday in Abuja, while reading the communique from the 295th meeting of the MPC….
MTN Nigeria Communications Plc has established an annual fee of N54.120 million for the Chairman of its Board of Directors for the fiscal year ending December 31, 2024, and subsequent years until reviewed. It also fixed N36.285 million as the annual fee for each of the other Non-Executive Directors, The company said this in the…
More than 200 schools have so far registered for the National Schools’ Team Chess Championship being organized by Ecobank Nigeria in collaboration with Nigeria Chess Federation (NCF). The competition is scheduled to kick off on Friday 24th at the Ecobank Pan African Centre (EPAC) on Victoria Lagos. It is open to students from primary to…
From 1.28 million barrels per day in April, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari, says Nigeria’s oil production was inching towards 1.7mbpd as of Saturday. This is as the NNPCL boss hinted that the country that critical gas infrastructure projects are ongoing to ensure the transport of…
Here’s what’s been making the business headlines in sub-Saharan Africa this week. Anglo American is exploring an IPO for its diamonds business De Beers, two people familiar with the matter have said on a condition of anonymity. Anglo, which has been synonymous with South African mining for decades, set out plans for a potential break-up…
