BREAKING NEWS: Aircraft with 100 on board crashes

A plane with 100 people on board has crashed in Kazakhstan, killing at least nine people, officials say. They say the Bek Air aircraft went down shortly after taking off at Almaty airport on Friday morning local time. A Reuters reporter close to

Nigerian foreign reserves depletes to $39.2b, tough challenge to Naira

The continued stability of the Naira against the dollar and other global currencies has become a big concern. A member of the Central Bank of Nigeria (CBN)-led Monetary Policy Committee (MPC), Prof. Adeola Adenikinju, has warned that the naira faces big challenge ahead

Gov. Ihedioha, Madumere urge Imolites to invest at home

  The Governor of Imo State, Rt. Hon  Emeka Ihedioha and former Deputy Governor of Imo State, Prince Eze Madumere have called on Imolites at home and in Diaspora  to come home and invest, saying that edevelopment is everybody’s business. Governor Ihedioha made

The reason Boeing CEO was sacked

From the beginning of the 737 Max crisis, Boeing (BA) CEO Dennis Muilenburg severely underestimated how much trouble the company faced. On Monday, that cost him his job. Boeing’s problems with the 737 Max led to two fatal crashes, the loss of 346

902 ex-employees sue bank over N75.7bn unremitted pension

By Adebisi Onanuga   Nine hundred and two retired staff of Union Bank Plc have sued the bank before the National Industrial Court (NICN), Lagos over alleged non-remittance of their pension benefits worth over N76.7billion. Two of the pensioners, Sanyaolu Sulaimon and Mkpa Jacob

Nine dead, 100 hospitalised after consuming lambanog liquor

Nine people died and more than 100 were hospitalised after drinking local liquor made from coconut sap in two separate incidents in the Philippines, police said Monday. Eight people died after drinking a local brand of the traditional liquor, known as lambanog, at

Gov Makinde signs N213bn 2020 budget

Oyo State Governor, Seyi Makinde, has signed the state’s 2020 Appropriation Bill into Law. He assented to the bill on Monday at a brief ceremony which held inside the State’s Executive Council Chambers of the Government House in Ibadan, the state capital. The

Nigerian Apex Bank explains why it slashed bank charges by 50%

The Central Bank of Nigeria (CBN) has explained why it slashed all bank charges, with some getting more than 50 per cent cut, with effect from January 1, 2020. According to the apex bank, the decision, which came amid public outcry against multiplicity

CBN cuts ATM fee to N35 in new Guide to Bank Charges

The Central Bank of Nigeria (CBN)  on Sunday released revised Guide to Bank Charges mandating banks to charge customers N35 for cash withdrawals from other banks’ Automated Teller Machines (ATMs). The charge, which was reduced from previous N65 fee, applies after the third

Buhari approves Hyundai bid to set up car plant in Nigeria

President Muhammadu Buhari says Nigeria will collaborate with and support Hyundai Engineering Company Limited to set up a car plant and also rehabilitate petroleum refineries. The president stated this when he received the President/Chief Executive Officer of Hyundai Engineering, Mr Chang Hag Kim,