Governor Chukwuma Soludo of Anambra State has said President Bola Tinubu’s administration rescued Nigeria from the edge of economic collapse and restored public finance to solvency. Speaking on Wednesday at The Platform Nigeria in Lagos, an event organised by The Covenant Nation to mark Democracy Day, Mr Soludo praised Mr Tinubu’s “bold” economic reforms and described the country’s financial state ...
MRS Oil Nigeria Plc has announced the resignation of Amina Maina as a non-executive director of the company, effective 11 July. In a statement signed by the company secretary, Oluwakemi Jafojo, on Friday, the company said its board approved Ms Maina’s resignation through a written resolution dated 13 June. Ms Maina, who also serves as Group Executive Director (Supply and ...
The management of Air Peace has refuted allegations of extorting passengers at the airport, which Adams Oshiomhole, a Nigerian senator, made. These claims arose following the denial of boarding to certain passengers who arrived late at the boarding counter, including Mr Oshiomhole. On Wednesday, PREMIUM TIMES reported that Air Peace criticised the disruptive behaviour exhibited by Mr Oshiomhole at the ...
According to a regulatory filing at the Nigerian Exchange, an independent non-executive director of United Bank for Africa (UBA), Henrietta Ugboh, has acquired 49,700 new shares in the lender. Ms Ugboh obtained the shares on 30 May at a unit price of N34.75, putting the total transaction cost at N1.7 million. She was appointed as an independent non-executive director last ...
Dangote Sugar Refinery Plc said its chairman, Aliko Dangote, will retire from the board on 16 June after nearly 20 years in the role. Two non-executive directors, Maryam Bashir and Konyinsola Ajayi, a professor, will also step down on the same day. The company made the announcements in separate filings to the Nigerian Stock Exchange, signed by its company secretary, ...
The Ministry of Aviation and other agencies responsible for the management, regulation, and enforcement of aviation safety and standards in Nigeria have remained silent over the alleged “disruptive and unruly” behaviour demonstrated by Adams Oshiomhole, a Nigerian Senator, against Air Peace at the Lagos airport on Wednesday. In a video that has gone viral on social media, the lawmaker stood ...
The Central Bank of Nigeria (CBN) has dismissed media reports claiming it has extended the deadline for Bureau De Change (BDC) operators to meet new capital requirements until 31 December. In a statement issued on Wednesday, the bank described the reports as “false” and “misleading,” insisting that the official deadline remains 3 June. “The Central Bank of Nigeria has debunked ...
The Minister of Aviation in Nigeria, Festus Keyamo, has instructed aviation agencies to investigate the ongoing dispute between the management of Air Peace and Nigerian Senator Adams Oshiomhole. The Minister gave the directive on Friday in a statement posted on his official X page. On Wednesday, PREMIUM TIMES reported that Air Peace criticised the disruptive behaviour exhibited by Mr Oshiomhole ...
United Capital Plc has launched a new subsidiary in Abidjan named United Capital Asset Management West Africa Limited (UCAMWAL), the financial services group announced in a regulatory filing on Friday. “The Group obtained a license from the Financial Markets Authority of the West African Economic & Monetary Union (AMF-UMOA) to operate an asset management business across the West African Economic ...
The Economic and Financial Crimes Commission, EFCC on Friday (13 June 2025) arraigned two officials of SunTrust Bank – Halima Buba and Innocent Mbagwu – before Justice Emeka Nwite of the Federal High Court, Abuja, for alleged fraud. The defendants, who are managing director/chief executive officer of SunTrust Bank Ltd and executive director/chief compliance officer of SunTrust Bank Ltd, respectively ...