Virgin Atlantic files for bankruptcy protection as Covid-19 continues to hurt airlines

British owned airline Virgin Atlantic filed for Chapter 15 bankruptcy protection in the U.S. on Tuesday due to the disruption in the airline industry caused by the COVID-19 pandemic. 

‘How My Daughter’s Death Led to a Foundation’ - Lawyer

A Lawyer, Mrs. Cecilia Odibo has narrated how the unfortunate death of her daughter, Mahuemolen Aduke Odibo led to the establishment of a foundation - the Mahuemolen Aduke Odibo Foundation (MAOF) to immortalize her. Barr (Mrs.) Cecilia Odibo made this known during the formal launch of the foundation in Lagos. She said she decided to put the foundation together – alongside other trustees - after the tragic and painful death of her late daughter, then a final year law undergraduate at the University of Lagos on August 10, 2017.

MTN Nigeria Declares Profit Before Tax of N139.6Billion, to Pay N71.2bn Interim Dividend

MTN Nigeria Communications Plc has declared a profit before tax (PBT) of N139.57 billion in its unaudited half-year result for the period ended June 30, 2020.

Custodian Investment Acquires 51% Stake in UPDC PLC

Custodian Investment has signed a binding agreement to acquire a 51% stake in UACN Property Development Company (UPDC), a real estate company owned by UACN.

Nollywood star, Sola Sobowale Attributes Present Physical Fitness to Regular Use of Mouka Brand

Top Nollywood celebrity, Sola Sobowale affirmed that her present physical fitness which supports her active lifestyle is due to regular use of the Mouka brand, from her early days to date.

Canon and Climatepartner Celebrate Ten Year Partnership

Canon Europe is celebrating its successful ten-year long partnership with international climate protection solutions provider, ClimatePartner, enabling Canon to offer carbon-neutral papers to its office and cut-sheet customers. As part of its global responsibility to provide the highest quality products and to conduct business in an environmentally-friendly and socially engaged manner, Canon and ClimatePartner help customers reduce greenhouse gases and make an important contribution to fighting global warming. 

Economic activities gain momentum despite continuous rise in COVID-19 cases

With the spike experienced in the South-West region of the nation amounting to 12,405 cases, South-South with 4,704, North-West with 2,405, South-East with 1,432 and North-East with 1,075 in the month of July, the COVID-19 is seemingly taking a hold of the nation.

Putting Regulatory Frameworks at the Heart of the Continent’s Global Investment Competitiveness

The African Energy Chamber has announced the nomination of its Regulatory Affairs Committee, which will serve on its Advisory Board for 2020 and 2021. The Committee will be central to the Chamber’s policy advocacy and advisory efforts across the continent to provide an enabling business environment for investors and entrepreneurs. Its members include:

Microsoft Ready to Continue Discussions On Tiktok Acquisition Despite Trump's Plan to Ban the App in US

Microsoft has stated that it would be pursuing the acquisition of TikTok in the United States taking into consideration the security concerns of the government.

FBN Holdings Injects N25bn into First Bank

FBN Holdings Plc (“FBNH” or “the Company”), has announced the injection of N25billion equity capital into its commercial banking subsidiary, First Bank of Nigeria Limited. The Capital injected represents part of the net proceeds of the company’s divestment from FBN Insurance Limited. With this fresh capital, the Capital Adequacy Ratio (CAR) of Firstbank has increased to 16.53% (before capitalising year to date profit) as at June 2020.

16 Students Receive Outstanding Cambridge Learner Awards in Nigeria

Nigeria students have once again received outstanding results in their Cambridge International examinations for the June 2018, November 2019 and December 2019 exam series. 139 students have been granted the prestigious Outstanding Cambridge Learner Awards in various subjects in Cambridge IGCSE, Cambridge O Level and Cambridge International AS & A Levels.

Sylva, Kyari, Wabote hail SEPLAT as pride of indigenous operators, gas revolution strides

The Honourable Minister of State for Petroleum Resources, Chief Timipre Sylva; the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari; and the Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote, have commended Seplat Petroleum Development Company Plc for its sterling leaderships the industry’s poster child and breathtaking impacts on the growth of the country’s oil and gas development in the past decade. 

Nigerian Breweries Earns ₦151b Revenue, ₦5.7b Profit for the First Half of 2020

The Board of Directors of Nigerian Breweries Plc has released the Company’s results for the half-year ended 30th June 2020. According to its unaudited and provisional results filed with The Nigerian Stock Exchange, the Company announced a Revenue of ₦152 billion for the period under review and Profit After Tax (PAT) of ₦5.7 billion.