Ecobank Denies Reasons for SEC’s Suspension

Ecobank Nigeria has responded to its suspension by the Securities and Exchange Commission (SEC) as a receiving banker and all other capital market activities. A statement released by the bank on Thursday said it did not connive with Arian Capital or any other party to convert shares into a margin loan facility as its being alleged. The bank explained that in 2007, it granted a margin loan facility to Arian Capital management limited for...

Police to Arrest Owners of Vehicles with Tinted Glasses

The use of tinted vehicles has been described as unlawful and henceforth, such vehicles and their owners will be arrested and prosecuted in line with extant laws. This directive was issued by the Inspector-General of Police, Mohammed Abubakar to all Zonal Assistant Inspectors-General of Police (AIGs) and Commissioners of Police in a statement signed by Frank Mba, the Deputy Force Public Relations Officer, on Thursday in Abuja. ...

NLNG to Buy Six Ships from Samsung, Hyundai

Nigeria Liquefied Natural Gas Company (NLNG) is expected to sign agreements with South Korea’s Samsung Heavy Industries and Hyundai to acquire six LNG carrier ships, two sources close to the deal said on Thursday. France’s BNP Paribas and Nigeria’s GT Bank are brokering a $1.6 billion loan to help fund acquisition of the vessels and expect to sign the financing documents next week, a banking source said....

Chinua Achebe Is Dead

Renowned Nigerian novelist, Prof Chinua Achebe, has passed away at the age of 82. Professor Achebe died last night in a hospital in Boston, Massachusetts, United States. An unnamed family source said the Professor had been ill for a while and was hospitalised in an undisclosed hospital in Boston. Some of Professor Achebe’s popular books include Things Fall Apart, No Longer At Ease, Arrow of God, A Man of the people and Anthills of The...

NTA Reporter Kidnapped By Gunmen in Ondo

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Bombing: Airlines may stop flights to Kano, Maiduguri

Domestic airlines operating flights into Kano, Maiduguri, Yola and other volatile cities the North are currently carrying out safety and security audits of their operations to determine whether they should continue flying to the cities or not. The development came a few months after some of the domestic carriers cancelled night-stops for their crew and aircraft in extremely volatile northern cities, especially Maiduguri....

Like father,like daughter!!! Charlyboy and Daughter

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Nollywood Actress’ Marriage Crumbles

Journey to Stardom’ star, Tosin Sido has parted ways with her hubby according to sources. Tosin Gloria Sido, who became famous after her role in Figurine, has walked out of 3 year-marriage due to irreconcilable differences. While it remains unsure if the actress has legally divorced her hubby, it was gathered that she packed out of her matrimonial home in Lekki without her hubby in the know....

Paul Play Sues MTN, Ultima For Unlawful Use Of Song

Paul Play Dairo has reportedly sued mobile telecommunications giant, MTN and Ultima Limited for the unlawful use of his smash song ‘Angel of my life’ in the popular TV show, MTN Project Fame West Africa without his consent. The music star was faraway in the United States of America last year when the song was used without proper licensing. Speaking on the matter, Paul Play confirmed that his management was hiring the legal services of Festus...

1 in 10 U.S. Deaths Blamed on Salt

On the heels of a study linking sugary drinks to 25,000 U.S. deaths a year, new research suggests salty food is even more dangerous. The new study, by the same Harvard research team, linked excessive salt consumption to nearly 2.3 million cardiovascular deaths worldwide in 2010. One in 10 Americans dies from eating too much salt, the researchers found...