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Oando drags SEC to appeal court

Oando Plc has headed for the Court of Appeal in its bid to lift the technical suspension imposed on its shares on the floor of the Nigerian stock market by the Securities and Exchange Commission.

Senate to partner NBA to ease passage of bills – Senator Saraki

The Senate President, Dr. Abubakar Bukola Saraki, has pledged the cooperation of the Senate with the Nigerian Bar Association to ensure easy passage of bills before the Upper House.

SEC urges shareholders to key into capital market initiatives

The Securities and Exchange Commission (SEC) has enjoined all shareholders to take advantage of the initiatives introduced in the capital market aimed primarily at strengthening the market and accelerating economic development.

PANDEF faults Presidency’s handling of Kachikwu-Baru feud

Pan Niger Delta Forum, PANDEF, yesterday, criticized the Presidency over the manner it handled the rift between the Minister of State for Petroleum Resources, Dr. Emmanuel Kachikwu and Group Managing Director, GMD, of Nigeria National Petroleum Corporation, NNPC, Dr. Maikanti Baru.

Ethnic pride and prejudice in Nigeria

Even the gateman, the cook and the cleaner will be from their own part of the country. When one of them starts a line of business, sooner than later they will populate and dominate that space with their kith and kin. Any guesses? Yoruba? Hausa/Fulani? Igbo?

Dangote, GBCHealth forge African health coalition

Dangote Foundation and GBCHealth have joined forces to forge a new model of partnership, African Business Coalition on Health (GBCHealth) in Africa.

Shareholders seek postponement of Oando’s AGM

The majority shareholders in Ansbury Investment Inc. have sent a petition to the Securities and Exchange Commission, seeking the postponement of Oando Plc’s Annual General Meeting (AGM).

CAC delists 44,000 firms, registers 1.5mn

About Forty-four thousand (44,000) companies have so far been delisted from the database of the Corporate Affairs Commission (CAC) while 1.5 million companies have been registered, the Economic Confidential has learnt on good authority.

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Boko Haram kills six soldiers in Borno

At least six soldiers died in two separate Boko Haram ambushes in Borno State, military and civilian militia sources said on Monday.

PDP covention: No victor, no vanquished – Uche Secondus

The National Chairman of the Peoples Democratic Party, Prince Uche Secondus, has appealed to all those that contested and lost at the convention not to feel bad, saying there was no victor and no vanquished.

Power plants to generate additional 1,129 mega watts in 2018 – Babatunde Fashola

The Federal Government on Monday announced that when some power generation projects were completed by 2018,they could generate additional 1,129 Mega Watts to the current 7,000 Mega Watts in the country.

Bitcoin tops $18,000 in debut on major bourse

Bitcoin surged past $18,000 after making its debut on a major global exchange but was trading lower on Monday, highlighting the volatility of the controversial digital currency that has some investors excited but others nervous.

Tanzanian President John Magufuli pardons child rapists

Children's rights activists have condemned the pardon of two child rapists by the Tanzanian president.

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Arsene Wenger won’t sell players to increase their World Cup hopes

Arsenal manager Arsene Wenger has ruled out the possibility of selling players in January to boost their World Cup hopes.

Why Southwest failed to produce PDP national chairman – Senator Makarfi

Ahmed Makarfi, former Chairman of the Peoples Democratic Party, PDP, Caretaker Committee, on Monday revealed why South West lost at the party’s National Convention.

Oando to undergo forensic audit

The Securities and Exchange Commission (SEC) has begun the forensic audit of Oando Plc, contrary to reports that the exercise stopped due to the suspension of the Director-General of the Commission, Mr Mounir Gwarzo.

Donald Trump tells Palestinian leader Mahmoud Abbas he will move US embassy to Jerusalem

US President Donald Trump has told Palestinian leader Mahmoud Abbas that he intends to relocate the US embassy from Tel Aviv to Jerusalem, according to Palestinian officials.

Nigerians must retake looted public wealth – ASUU

The Academic Staff Union of Universities (ASUU), Nsukka zone, has insisted that it was high time Nigerians rose up to ensure that all of the nation’s public assets that were looted through privatisation, concessioning, Public-Private Partnership (PPP) and the likes were taken back from the looters.