Diamond Bank Applies to Raise N50.37bn through Rights Issue
Diamond Bank Plc last week submitted an application to the Nigerian Stock Exchange (NSE) to raise about N50.374 billion via a rights issue as part of the bank’s capital raising...
NIGERIA: Swift Oil Acquires Chorus Energy
A major downstream player in Nigeria’s oil and gas industry, Swift Oil Limited, has made inroads into the upstream sector through the acquisition of Chorus Energy Limited, a marginal field...
Imo Bombing Attempt: Govt Launches ‘Operation Know Your Neighbour’
Following the attempted bomb incident that took place on Sunday at the Winners’ Chapel Church in Owerri, the Imo State Government in collaboration with the security agencies in the state,...
E-commerce Gets Boost as PayPal Expands Payment Services to Nigeria
Business for online shopping websites in Nigeria such as Jumia and Konga as well as banks, is set to get a major boost with the decision by PayPal, an international...
Nigeria in Lacklustre World Cup Start
Nigeria's quest for a berth in the knock-out stage at the ongoing World Cup finals in Brazil suffered a setback last night, following the unimpressive goalless draw the country played...
Boko Haram Challenges Army, Threatens Second Chibok Attack
In an open challenge to Nigeria’s security forces, the terrorist group, Boko Haram, has written a threatening letter promising to attack Chibok again very soon, in the process spreading panic...
NIGERIA: Pilfering of Luggage Resurfaces at Lagos Airport
Pilfering of belongings of air travellers has returned in full force at the Murtala Muhammed International Airport (MMIA), Lagos, the News Agency of Nigeria (NAN) has reported. The development has...
Govt: Allegations unfounded State NBA divided over high court law
The Peoples Democratic Party (PDP) in Rivers State yesterday said it had uncovered plans by the state government, through the office of the Chief of Staff and the Special Adviser...
40,000 Reasons Why Sri Lanka is No Model for Nigeria
To crush Boko Haram insurgents, Nigeria’s Defence Headquarters last week declared it would employ the “Sri Lankan method”. It’s hard to imagine a worse idea. Boko Haram’s brutal campaign in...
NIGERIA: Gunmen Abduct Commissioner’s Mother in Bayelsa
The spate of abduction of the relatives of political office holders in Bayelsa State continued yesterday when the 78-year-old mother of the state Commissioner for Lands and Survey, Furuebi Akene,...