News

The Board of the Eko Electricity Distribution Plc has announced the appointment of Mrs Rekhiat Momoh as the new Acting CEO effective 26th March 2024. According to a statement by the board, “The new appointment follows the redeployment of the erstwhile MD/CEO, Mrs Tinuade Sanda, to WPG Ltd, the core investor that seconded her to Eko Disco. The statement added, ...

The Federal Government through the National Electricity Regulatory Commission, (NERC) has sacked managing director of the Eko Electricity Distribution Company, EKEDC, Tinuade Sanda. The sack letter dated March 21 stated that the commission has directed the EKEDC, to ensure that all staff working for the utility are employed directly by the utility and are bound by applicable service conditions that ...

Zenith Bank Plc has announced the appointment of Dame (Dr.) Adaora Umeoji, OON, as Group Managing Director/Chief Executive with effect from June 1, 2024, subject to approval by the Central Bank of Nigeria (CBN). She takes over from Dr. Ebenezer Onyeagwu, whose five-year term expires on May 31, 2024, after a very successful tenure. Dame (Dr.) Adaora Umeoji is the ...

Newsmax online reports that the Board of Transcorp Hotels Plc has announced the appointment of Dr Oluwatoyin Madein as a Non-Executive Director. This was contained in the company’s notice to the Nigerian Exchange Limited (NGX) and the investing public obtained by Nairametrics. “We write to formally notify the investing public and the Nigerian Exchange Limited that the Board of Directors ...

…Asks Commission to come clean on reasons for baseless political witch-hunt of former Governor, false narrative of missing money. The Kogi State Government has once again told the Economic and Financial Crimes Commission to come clean on the reason behind its unrelenting persecution and media trial of the immediate past Governor of the state, Yahaya Bello, saying that the world ...

The Supreme Court has set aside an earlier ruling of the Court of Appeal, which set aside the inspection Order granted the Candidate of the Social Democratic Party (SDP) by the Governorship election Petition Tribunal sitting in Abuja. The Governorship election petition Tribunal had, on November 25, 2023, granted an Exparte Order, allowing the Social Democratic Party and its candidate ...

Senator Abdul Ningi has insisted that projects worth N3.7 trillion in the 2024 Appropriation Act are not traceable. Speaking in an interview with the BBC Hausa Service, Senator Abdul Ningi, who is the Chairman of Northern Senators’ Forum, alleged that the National Assembly debated and passed N25 trillion as 2024 budget and not the N28.7 trillion that is being implemented ...

The Edo State House of Assembly has served an impeachment notice on the Deputy Governor, Philip Shaibu. The development came Wednesday amid a prolonged rift between Shaibu and his principal, Governor Godwin Obaseki. Last August, Obaseki accused Shaibu of being so desperate to succeed him that he could do anything to remove him (Obaseki) from office. Obaseki who spoke while ...

Cryptocurrency exchange platform, Binance, has announced that it will stop providing all services related to the Nigerian naira (NGN). Binance, in a statement published on its website on Tuesday, said, “Starting at 8:00 UTC on March 8, all remaining NGN balances in Binance users’ accounts will be automatically converted to USDT stablecoin.” Until this time, it advised users to withdraw ...

The Nollywood Legend who was amputated in both legs last year reportedly passed away on Saturday evening. Newsmax Online  reports that popular Nollywood Actor, John Okafor, well known as Mr. Ibu is dead. According to multiple reports from sources close to him, the veteran comedian passed away at Evercare hospital. It would be recalled that before his demise, there had ...