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Court resumes $406.7m oil shipment suit against Shell June 6

A Federal High Court in Lagos will on June 6 resume trial in a suit filed by the federal government against Shell Western Supply & Trading Limited over alleged 406.7 million dollars deprivation in crude oil shipment. The suit numbered FHC/L/CS/336/16 was filed in Lagos by Prof. Fabian Ajogwu (SAN) on behalf of the federal

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Mrs Buhari Commends Elumelu Foundation as Entrepreneurs Receive $15.25m Startup Funds

The wife of the President, Mrs. Aisha Muhammadu Buhari has commended the Tony Elumelu Foundation (TEF) for its contribution to the growth of entrepreneurship through the provision of training, mentorship and funding to small and medium scale enterprises (SMEs) in the country and across Africa. This came as the foundation announced a total of

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APC warns banks, others over transactions with Gov. Amosun

The All Progressives Congress, APC, in Ogun State, has warned banks and other financial institutions not to yield to threats and pressures from Governor Ibikunle Amosun to issue last-minute loans, overdrafts and other financial instruments. This was contained in a statement issued in Abeokuta, the state’s capital, on Monday by the APC publicity secretary, Tunde

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Govt bans Boeing 737 Max airplanes in Nigeria

Following the fatal crash in Addis Ababa, Ethiopia, over the weekend, the Federal Government has banned  Boeing 737 Max airplanes from flying into Nigeria’s airspace, until further notice. Minister of State, Aviation, Hadi Sirika, made the declaration at the end of the Federal Executive Council (FEC) meeting in Abuja, yesterday. The Boeing 737 MAX 8 plane belonging

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AfDB partners Sophia university on capacity building

The African Development Bank (AfDB) and Sophia University in Japan, have signed a Memorandum of Understanding, MoU to promote capacity development within the two institutions for their mutual benefit and the entire African continent. “It is our sincere wish that this day will be an opening of bright future possibilities for

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Access Bank secures N58.11bn syndicate loan to support MSMEs

Access Bank on Monday said it had signed a subordinated syndicated Loan agreement worth $162.5 million (N58.18 billion) to promote growth and job creation by supporting Micro, Small and Medium Enterprises (MSMEs). The bank’s Spokesman, Abdul Imoyo, said in a statement in Lagos that the facility was arranged by FMO, a Dutch development bank,

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