Author: Broad Admin

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D.E. Osiagor of the Federal High Court, Lagos Division, the Asset Management Corporation of Nigeria (AMCON) has taken over assets belonging to Aeroland Travels Limited, and its directors over an indebtedness of N1.8 billion. It would be recalled that Justice Osiagor gave the ruling on February 7, 2022, and in compliance to the enforcement order […]

The Securities and Exchange Commission (SEC) has proposed some guidelines that will allow capital market operators and investors to digitize all of their processes. The requirements are contained in the Minimum Operating Standards for Information Technology for capital market operators recently exposed to the public, released by the SEC. The commission argued that rules establishing […]

Fidelity Bank Plc has approved a dividend of 35 kobo to be paid to its shareholders for the full-year period ended December 2021. This was passed as a resolution at the recently concluded 34th Annual General Meeting held on Thursday, May 5, 2022. This information was disclosed in a notice signed by the company’s secretary, […]

The NGX closed on a positive note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) appreciated by 190 basis point. The NGX ASI closed at 51,902.48 points, to reflect a growth of 1.90% from the previous trading day and a Year-to-Date (YTD) return of 21.50%. Meanwhile, the market capitalization grew by N521.56 billion. […]

Former president, Goodluck Jonathan has revealed that he is not aware of any presidential bid and did not authorise any purchase of forms. President Jonathan disclosed this in a statement on Monday night, through his spokesman, Ikechukwu Eze. This comes after it was reported that Northern interest groups had purchased the All Progressives Congress’ presidential […]

The Academic Staff Union of Universities has rolled over its ongoing strike for another 12 weeks. A statement signed by ASUU president, Prof. Emmanuel Osodeke, said this was to give the government enough time to satisfactorily resolve all the outstanding issues. It also stated that the roll-over strike was effective from 12.01 am, May 9, […]

The Airline Operators of Nigeria, the umbrella body for domestic airlines, on Sunday cancelled its decision to halt flight services across the country beginning today (Monday). But before the AON announced the cancellation of its earlier decision, five of its members had already declared that they would not join in the plan to suspend flights […]

Aviation workers have insisted that they are commencing a two-day warning strike on Monday (today) over poor welfare emanating from their employers. The Secretary General of the National Union of Air Transport Employees, Ocheme Aba, in a chat with our correspondent in Lagos on Sunday, said that there was no going back on the planned […]

Most filling stations in Abuja and neighbouring states of Nasarawa and Niger that dispensed Premium Motor Spirit, popularly called petrol, on Sunday were greeted with long queues. It was observed that many other outlets were shut as they claimed not to have products to dispense, a development that led to the crowding of the filling […]

NAHCO Plc has announced a final dividend payment of N0.41 kobo per 50 kobo ordinary share for the financial year ended 31 December 2021. This dividend payment will be subject to shareholders’ approval at the Annual General Meeting (AGM) and appropriate withholding tax. According to the disclosure filed with the Exchange (NGX), shareholders are to […]


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