Ecobank Asks Court to Order Sale of Obat’s Abuja Hotel to Offset N5bn Debt

nigerians court

Ecobank Plc has asked the High Court of the Federal Capital Territory in Jabi, Abuja, to authorise it to sell an Abuja hotel belonging to Obat Oil and Petroleum Limited to offset a N5billion debt its being owed by the firm. The bank noted in its motion on notice filed on October 18, 2019, that it and Obat Oil, owned […]

Read more

Africa: 2 Kenyans Emerge Overall Winners of CNN MultiChoice African Journalist Awards 2016

Asha Ahmed Nwilu and Rashid Idi of Kenya Television Network, Kenya have emerged the overall winners of the CNN MultiChoice African Journalist Awards 2016. They were awarded the top prize for their report ‘Terror Crossing’ aired on the Kenya Television Network. Their entry tops the list of 1000 entries and they clinched the top prize among 38 finalists from 15 […]

Read more

Aviation: How Aero got into Trouble and how it can be saved

Nigeria’s foremost indigenous carrier, Aero Contractors is in danger of extinction. Only urgent injection of funds can save the ailing airline, writes Chinedu Eze Nigeria promising and oldest indigenous carrier, Aero Contractors has paid the price of a selfish decision taken against it some years ago, when its stakeholders shortchanged the airline and gained at its expense. The consequence is […]

Read more

Aviation: ASKY has exceeded expectations, it’s only the beginning

Henok Tefferra is the managing director of ASKY Airlines with hub in Lome, Togo, and noted for its rapid growth, he spoke to ANDREW IRO OKUNGBOWA in Accra, Ghana, of the success of the airline and the state of Africa’s aviation industry. How inspiring is the Balafon Award for Aviation personality of the year for West Africa bestowed on you? […]

Read more

Ghana to launch National carrier, build new terminal as Turkish goes double daily to Accra

President John Dramani Mahama says government is working assiduously to get a new national airline established on a Public-Private-Partnership basis soon, after a successful prefeasibility study. “Government’s plan to set up a new national airline under a PPP arrangement to support the policy-objective of establishing Kotoka International Airport (KIA) as an aviation hub is also on-going. It is my expectation, […]

Read more