Tell Magazine

Residents of Okokomaiko and Lagos State University are engaged in a fierce dispute over accusations of land encroachment   The Lagos State University, LASU, is no longer new to crisis. In recent times, the non-residential university, said to be the first urban university in Nigeria, has been engulfed in a number of crises which led to crippling strikes that paralysed the institution for several months as academic staff, students, non-academic staff and other unions fell out with the university authority. Although relative calm has since returned to the institution following the appointment of John Obafunwa as the new vice chancellor,…

While the House of Representatives’ ad hoc committee on capital market continues its public hearing, the ripples of the war of words, which characterised the beginning of the problem, have continued to have negative impact on the market “I have to suspend an investment worth N1 million till the Economic and Financial Crimes Commission, EFCC, concludes its investigations.” These were the words of Seyi Banjo, an Ireland-based Nigerian investor who has invested N750,000 on shares in the last one year. He would not have invested in the emerging market but for the change in leadership at the Securities and Exchange…

Barely one year into the tenure of Godwin Emefiele as GMD and chief executive, Zenith International Bank showcases its strength with a positive result   When Jim Ovia, former group managing director and chief executive officer, GMD/CEO, of Zenith International Bank, was mandated by the Lamido Sanusi-led Central Bank of Nigeria, CBN, to quit his position at the bank in line with the 10-year tenure policy for bank chief executives, many assumed the board of the bank would look outside the bank for Ovia’s successor. But the board settled for Godwin Emefiele, who had an in-depth knowledge of the bank…

Outrage greets the recent termination of the concession agreement between the Federal Airports Authority of Nigeria and Maevis Limited against court orders as experts view the action as a disincentive to investments Sanity may have returned to the Lagos Airport following the deployment of data services by Societe Internationale de Communication Aeronautic, SITA, which replaced Maevis Nigeria Limited, and with most foreign airlines operating in the country successfully switching over to the new airport operation management system provided by SITA. But the echoes of the recent termination of the concession agreement between the Federal Airports Authority of Nigeria, FAAN, and…