Nigeria’s former Vice President and current presidential candidate of the Peoples Democratic Party, Atiku Abubakar, is not the owner of Mikano International Limited, the management of the firm announced on Sunday. It disclosed this in a statement signed by its Managing Director, Firas Mamlouk, as it denied reports that the generator firm was owned or…
Zenith Bank Plc has been ranked as the number one bank in Nigeria by Tier-1 Capital in the 2022 Top 1000 World Banks Ranking published by The Banker Magazine. For the 13 consecutive year, the bank retained its position as the number one Tier-1 bank in Nigeria with a Tier-1 Capital of $2.75bn, emerging as…
Dangote Industries Funding Plc has announced the completion of a N187.58bn Series 1 (Tranche A and Tranche B) Fixed Rate Senior Unsecured Bond Issue under its N300bn Debt Issuance Programme. The bond issue represents the largest local currency bond issuance by a corporate issuer in the history of the Nigerian debt capital markets, according to…
The Nigerian Meteorological Agency (NiMet) has advised Nigerians especially those in Taraba state and some parts of the South Western areas to be wary of impending floods as a result of expected rainfall.Speaking on the recent days of rainfall in some parts of the country, the director general of NiMet, Prof Mansur Matazu advised Nigerians…
The Nigerian Ambassador to the People’s Republic of China, His Excellency Baba Ahmad Jidda, has commended the governments of China and Nigeria for deepening bilateral ties between both countries through the approval of Air Peace’s scheduled, commercial flights to Guangzhou-China, which commenced on July 13, 2022. This is as the respected diplomat also called on…
Some passengers on Air Peace’s second flight to its recently launched Guangzhou destination on July 20, 2022, have lauded the airline on its commencement of flight operations to the Asian country. The passengers, in an interview shortly before their Guangzhou flight departed on Wednesday, from the new International Terminal in Lagos, expressed delight that a…
Emirates Flight Catering is opening the world’s largest farm in Dubai.Bustanica has opened the doors to the largest hydroponic farm on the planet, backed by an investment of over US$40m. The facility is the first vertical farm for Emirates Crop One, the joint venture between Emirates Flight Catering (EKFC), one of the world’s largest catering…
Stanbic IBTC Bank PLC, a subsidiary of Stanbic IBTC Holdings PLC, has emerged as ‘Best Sub-Custodian Bank in Nigeria’ at the 2022 edition of the Global Finance Awards. The recent win makes it the thirteenth consecutive time the bank will win the award. Organized by Global Finance magazine, the Global Finance Awards recognizes banks and…
A DANA Air Boeing 737 aircraft with 100 passengers on board on Tuesday made an emergency landing on approach at the Nnamdi Azikiwe International Airport , Abuja due to what the airline described as an indication in one of the airplane’s engines.Disclosing the development in a statement, the airline’s spokesman, Kingsley Ezenwa said all passengers…
