Nigerian Braiding Manufacturers Limited to continue operations– AMCON

The Asset Management Corporation of Nigeria (AMCON) has said the Nigerian Braiding Manufacturers Limited (NBML), a Kano State-based textile company, NBML will continue its operations. This is contrary to reports regarding the fate of the company recently taken over by AMCON as a result of the Company’s Non-Performing Loans purchased from the Banks by the Government agency. The textile company’s indebtedness to the Corporation currently stands at over One billion naira. This is despite numerous overtures by AMCON for amicable resolution of the debt to which the Company and its…

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Drug trafficking: Court orders  Chinese Embassy to provide sureties for suspect

A Federal High Court, Lagos, on Friday, ordered Chinese Embassy in Nigeria, to provide sureties for one of its citizens, Liu Jianfeng, who is charged before the court for drug trafficking.  Justice Saliu Saidu, made the order, while admitting the Chinese who was arraigned before the court alongside two Nigerians,  Collins Onwukwe and Ogbonna Nworie, by the National Drug  Laws Enforcement Agency (NDLEA), of five counts charge bordering on unlawful dealing in 387.7 grams of Methamphetamine, a hard drug similar to cocaine and heroine. In the charge against Jianfeng and the…

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Nahco aviance to invest N3.6billion in procurement of equipment

The group managing director/chief executive officer of the Nigerian Aviation Handling Company Plc (nahco aviation) Mrs Olatokunbo Fagbemi has disclosed that the company would spent N3.6billion on the procurement of equipment this year. Speaking on Friday during a press briefing at the Nahco headquarters in Lagos on Friday February 1st, Mrs Fagbemi stated that the company has already invested N1.9billion in the procurement of equipment in the last few months. She promised to bring professionalism into the air service business in the country. Fagbemi explained that the decision of Lufthansa…

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TopBrass: Nigeria should adhere strictly to regulations of Cape Town Convention as signatory -NCAA DG

The Director-General of the Nigerian Civil Aviation Authority (NCAA) Capt. Muhtar Usman, has said that Nigeria as a signatory to the Cape Town Convention should adhere strictly to the rules and regulations it signed. Capt. Usman, who was responding to the allegation of tampering with TopBrass Aircraft stated this in his office at the Murtala Muhammed Airport (MMA), Lagos, during an interview with aviation journalists. He said it would take cautious steps to respond to allegation of aircraft tampering levelled against it by the owners of TopBrass, Mr. Roland Iyayi.…

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