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Executive members of IoD, South-South/ South East Zone, being inaugurated in Port Harcourt, Rivers State The Chartered Institute of Directors Nigeria (IoD) has decried the state of leadership in Nigeria, saying the country has not been able to exploit its potential despite uninterrupted democracy in the last 25 years. The …

About $813m funds belonging to foreign airlines that were trapped in Nigeria since June 2023 had been cleared but the Central Bank of Nigeria still has $19m outstanding balance to settle, the International Air Transport Association said. The Director-General of IATA, Willie Walsh, confirmed the status of trapped funds in …

The Transmission Company of Nigeria has confirmed that the Labour Union has shut down the national grid, resulting in black out nationwide. The TCN said that the national grid shut down occured at about 2.19am this morning, 3rd June 2024. The General Manager, Public Affairs, Ndidi Mbah, who confirmed the …

According to the News Agency of Nigeria, the National Publicity Secretary of the Labour Party, Obiora Ifoh, made the call in an interview on Monday in reaction to the ongoing nationwide strike. The Labour Party has called on the workers’ unions to return to the negotiating table with the government …

Strike: Passengers Stranded As Labour Officials Ground Flight Operations At Lagos Airport Flight operations have been grounded at the local terminal of the Murtala Mohammed International Airport, Lagos, due to the commencement of industrial action by organised labour. All access to the airport terminal has been barricaded by labour officials, …

The apex said the action was an exercise of its powers under Section 12 of the Banks and Other Financial Act (BOFIA) 2020 and was to promote a sound financial system in the country. The Central Bank of Nigeria has revoked the banking licence of Heritage Bank Plc with immediate …

The students were driven out of the Unguwan Rimi Campus of the polytechnic on Monday morning by union officials who stormed the school. Kaduna State Polytechnic has been shut down by labour officials over the indefinite nationwide strike declared by the Nigeria Labour Congress (NLC) and the Trade Union Congress …

A Court of Appeal sitting in Abuja has dismissed AIICO Insurance Plc’s appeal against a policy holder, Mr. Gboyega Bello, and awarded N500,000 in his favour as a cost of legal process. The court upheld the judgment of the High Court of the Federal Capital Territory, given by Justice M.E. Anenih in …

May data pointed to a pick-up in growth in the Nigerian private sector, with both output and new orders increasing at sharper rates than in April. Rates of expansion remained slower than the respective series averages, however, as high prices continued to limit demand. That said, there were further signs …

Zenith Bank Plc has been named the “Most Sustainable Bank, Nigeria” in the International Banker 2024 Banking Awards, retaining the title for the second consecutive year. Commenting on the award, the Group Managing Director/Chief Executive Officer of Zenith Bank, Dame (Dr.) Adaora Umeoji, OON, said: “We are deeply honoured to …