Category: Business
Air Peace takes delivery of 12th aircraft, opens Lekki office
Nigeria’s domestic carrier, Air Peace, has taken delivery of its 12th aircraft, a 114-capacity Boeing 737-500. Air Peace Chief Operating Officer, Mrs [...]
ExxonMobil lays off 89 more workers
In a gale of retrenchments that started in the company last year, there are reports that 69 regular workers and 29 contract workers have been affected [...]
Ladi Balogun steps down as MD of FCMB
FCMB Group Plc has announced the re-organisation of its leadership at the Group level, as well as its flagship company, First City Monument Bank Limit [...]
Samsung heir Lee Jae-yong arrested in South Korea
Samsung's heir apparent, Lee Jae-yong has been placed under arrest in South Korea, for bribery and other charges. The case is linked to a scandal that [...]
South African investor buys more Zenith, Access shares
Allan Gray Ltd., the largest manager of non-government investment funds in Africa, has increased its stake in Nigeria's Zenith and Access banks. The S [...]
Sahara Group moves to end shortage of cooking gas
MT Africa Gas and MT Sahara Gas are set to commence voyage of the newly-built Liquefied Petroleum Gas (LPG) Vessels operations that will see them bert [...]
Skye Bank EDs resign voluntarily
Skye Bank has announced the voluntary resignation of some of its Executive Directors from the services of the Bank. The Directors who had served in Ex [...]
University of Agriculture, Umudike discovers cure for HIV/AIDS
Prof. Francis Otunta, the Vice Chancellor, Michael Okpara University of Agriculture, Umudike, Abia State, has confirmed the discovery of a new drug fo [...]
Sola David-Borha resigns as CEO Stanbic IBTC, moves to Standard Bank
Sola David-Borha who has led Stanbic-IBTC bank from 2012 till date, has resigned to take up a new role with Standard Bank Group in South Africa. Her r [...]
Heritage Bank goes on disengagement spree
Just last December, Heritage bank embarked on mass retrenchment when it sacked 400 staff and there are indications that more workers have been pencile [...]