There was a fire outbreak at Apo transmission substation in the federal capital territory (FCT) on Sunday. The substation is being operated by the Transmission Company of Nigeria (TCN). In a statement, the Abuja Electricity Distribution Company (AEDC) which feeds directly from the substation said a 45MVA transformer was lost …

Stakeholders in the All Progressives Congress (APC) have petitioned President Muhammadu Buhari, asking that Governor Yahaya Bello should not be given a second term. The governor, they claimed, had received about N344billion in the last 38 months of his stewardship, without doing anything with the allocations. The governor is owing …

A LARGE proportion of the N7.9 trillion pieces of naira notes in circulation are dirty, mutilated, unfit for Automated Teller Machines (ATMs) and over-the-counter payments, the Central Bank of Nigeria (CBN) has said. A statement by CBN’s Deputy Governor, Operations Folashodun Shonubi  and Director, Currency Operations Department Mrs. Pricilla Eleje …

The Board of Directors of VFD Group Plc is delighted to announce the appointment of Mobolaji Adewumi as an Executive Director, Finance of VFD Group Plc. The appointment is subject to the approval of shareholders at the next Annual General Meeting (AGM). Mobolaji holds a B.Sc. in Management and Accounting …

  AFRICA’S foremost businessman and Aliko Dangote Foundation Chairman Alhaji Aliko Dangote donated at the weekend a 2,160-bed space hostel complex to the Ahmadu Bello University (ABU), Zaria, Kaduna State. The hostel, comprising 10 blocks of 360 rooms, built at N1.2 billion, is coming after similar gestures to Bayero University, …

L-R: Non – Executive Director, Fidelity Bank Plc., Charles Umolu; Chairman, Fidelity Bank Plc., Ernest Ebi; Executive Director, South, Fidelity Bank Plc., Aku Odinkemelu; Managing Director/ Chief Executive Officer, Fidelity Bank Plc., Nnamdi Okonkwo at the 31St Annual General Meeting of Fidelity Bank which was held at Civic Center in …

Heritage Bank PLC, Nigeria’s most innovative banking service provider, has aligned forces with Magodo Residents Association (MRA) to promote cultural diversity and ensure the success of the maiden edition of Magodo Cultural Day 2019. The two-day event held between Friday and Saturday with a Business Dinner held at Radisson Blu …

Onajite Okoloko Reports currently making the rounds indicates that Billionaire, Onajite Okoloko’s Eroton, Midwestern Oil and Gas as well as Notore Chemicals, is alleged to be facing difficult times. Secrets Reporter reports. According to Secrets Reporter, Notore Chemicals is said to be battling with operational challenges in the aftermath of its largely undersubscribed attempt …

The Nigerian National Petroleum Corporation (NNPC) has stated that the LPG market in Nigeria has room for everyone to operate and as such, should not be seen as only for a certain class of people. The Group Managing Director of the NNPC, Dr. Maikanti Baru, made this assertion at the …

Following its impressive full year results for 2018 released recently, Fidelity Bank Plc has started the new financial year strongly, posting a very impressive first quarter result. Details of the top lender’s first quarter results released at the NSE yesterday show appreciable growth in earnings, profits for the period ended …