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 on-lending, secured by quoted shares.

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 Savannah.

NTA Reporter Kidnapped By Gunmen in Ondo

Olubunmi Oke, a journalist with the Nigerian Television Authority (NTA) Akure has been kidnapped by unknown gunmen.

She was abducted Thursday night by four gunmen at her Oba-Ile residence in the Akure area of Ondo State.

According to reports, Bunmi was driving into her residence after closing from work when she was said to have been whisked away by the gunmen.

At the time of this report, her whereabouts is still unknown and the kidnappers have not made any demands yet. 
Details later

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

Okay now, just when I was thinking that Charlyboy was alone in his eccentric style of dressing, here he is with his daughter.. Like father like daughter right?

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 Keyamo chambers to serve both organisations the suit.

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.

Arise Magazine Fashion Week 2013 has Officially Been Moved

It's sad to announce that Arise Magazine Fashion Week 2013 has been moved/cancelled due to logistical issues. The company behind the production announced the news in a press release sent out to designers yesterday.

The AMFW teams were in meetings all day yesterday regarding the show as so many designers are experiencing problems in regard to shipping, vaccinations, logistics, visas, getting the collections ready, etc. Arise proposed to bring 50 designers to Lagos, however, due to the tight deadlines most people are finding it very difficult to participate this year.

FACES OF BOKO HARAM SPONSORS – Pointblank News

Most of them (Northern governors), pay us monthly to leave their states alone”…that was one of the spokesmen for Boko Haram, Saidu Umar aka Usman Al Zawahiri.

For eternity these lunatics have unleashed terror on the Nigeria state and its people. As at last Friday, death toll, policemen, soldiers and civilians’ hovers between 950 and 1200…and still counting.

While The Federal Government and its security chiefs have perfected how to write condolence

Photos from Bishop Oyedepo's daughter's traditional wedding

The first daughter of Winners Chapel General Overseer, Bishop David Oyedepo, has married the love of her life, Steve Ogah, in a traditional wedding ceremony. Their white wedding will hold this Saturday March 23rd. Steve is one of Bishop Oyedepo's personal assistants. Congrats to them.

Eagles star Utaka debuts in new movie ‘Battered’

Super eagles striker and Montpelier star John Utaka debuts in a new movie BATTERED just released starring Fatima Jabbe, best actress 2011 at the  Black Entertainment, Film, Fashion, Television and Arts BEFFTA Awards and best supporting actress at the  Zulu African Film Academy Awards ZAFAA Awards 2011.

In ‘Battered’ Utaka supports Miss Jabbe who played Queen Fina on the world acclaimed movie the Mirror Boy in the flick that reflects violence against women as an obstacle to the achievement of equality, development and peace.

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Happy 7th Birthday, Twitter

Twitter is celebrating its 7th birthday with a video showing a short history of the service, from its humble beginnings and co-founder Jack Dorsey's first tweet, to the present day, when it boasts 200 million users.

Launched on March 21, 2006, Twitter has grown from a promising little service with a lot of server issues to one of the world's largest social networks, with "well over" 200 million active users which send 400 million tweets each day.