EFCC resumes investigation of FIRS officials over more than N1.2 billion fraud
The EFCC has resumed investigations on the members of staff of the FIRS over the N1.2bn duty tour allowance (DTA) fraud.
Masters Energy appoints new MD/CEO as Ucheh Ogah steps aside
Following the resignation of Dr. Uche Oga as Masters Energy's President, the company announced the appointment of Patience Dappa as MD/CEO.
DPR goes hard on oil marketers
Eight illegal filing stations operating in Uyo, Akwa Ibom capital have been completely sealed off by the Department of Petroleum Resources (DPR) for failing to renew their licenses.
Governor Fayemi explores investment options with the capital market
The @ekitistategov and Chairman of the Nigeria Governors Forum, Dr Kayode Fayemi (@kfayemi), was at the @nsenigeria, yesterday, to present the Facts Behind Ekiti State’s economy. He also used the occasion to ring the NSE’s closing bell at the end of the day’s trading session.
FG moves to appeal judgement on $9 billion Nigerian assets forfeiture
The Federal Government of Nigeria (FGN) has declared its preparedness to appeal Friday’s judgment delivered by an English court in favour of Process and Industrial Development Limited (P&ID).
FRAUD: FBI’s arrest of Invictus Group’s Okeke stirs controversy
The FBI's arrest of Forbes-celebrated Invictus Group CEO, Obinwanne Okeke, has stirred controversy in the media space.
GTBank reports 3.7% increase in profit after tax in H1 2019
Guaranty Trust Bank Plc has experienced a 2% decrease in its gross earnings for the half-year period ended June 30th, 2019.
FBI arrests Invictus Group’s Obinwanne Okeke, Forbes Africa 30 Under 30 list nominee
The Chief Executive Officer of Invictus Group, Obinwanne Okeke, who in 2016 made it into Forbes Africa’s 30 Under 30 List, has been arrested by the Federal Bureau of Investigation (FBI) for conspiracy to commit computer fraud.
Meet Bet9ja’s Kunle Soname, whose firm officially sponsors BBNaija
@Bet9jaOfficial founder, Kunle Soname is a sports enthusiast, who is an erudite investor in sporting activities in the country.
Nigerian Stock Market ends the week Negative
The Nigerian Stock Exchange (NSE) ended Friday’s trading session in negative territory. The All-Share Index closed at 26,925.29 basis points, down 0.47%.
Federal civil servants risk losing their homes
Civil Servants who have begun to enjoy the Federal Government Staff Housing Loan Board Scheme (FGSHLB) are at the risk of losing their homes should they default in payment as and when due.
Nigeria Sterling Bank H1 2019 Earnings Update
Sterling bank delivered a decent performance during H1 2019 as the efforts of the bank in attracting low cost deposits and optimizing its deposit.
British Court orders Firm to seize $9 billion Nigerian assets over Gas dispute
A British court has granted an Irish Firm, Process and Industrial Developments Ltd (P&ID) the right to seize $9 billion in assets from the Nigerian Government over a failed gas project.
NAFDAC poised to stop rejection of Nigerian food exports abroad
Over the years, Nigerian food products have been constantly rejected at the international market. This makes international accessibility and acceptability difficult for Nigerian exporters.
MAN raises concerns over AfCFTA
The Manufacturing Association of Nigeria (MAN) has advised the Federal Government to be vigilant regarding the influx of products into the country as a result of the African Continental Free Trade Area agreement (AfCFTA) signed by African countries.
Bet9ja’s Headquarters raided by court officials
Some court officials stormed the Headquarters of Bet9ja at Surulere, Lagos, on Thursday, over a suit filed by a competitor, Lotto9ja Limited, a subsidiary of Western Lotto Nigeria Limited.
CBN’s 60% LDR Target: Don’t lend to unbankable projects – LCCI warns banks
The Lagos Chamber of Commerce and Industry (LCCI) has warned Deposit Money Banks (DMBs) against lending to unbankable projects.
GTBank declares interim dividend for half-year 2019
@GTBank has declared an interim dividend of 30 kobo per ordinary share of 50 kobo for the period ended Sunday, June 30, 2019.
Nigeria’s Inflation drops to 11.08% in July 2019, slowest in 3 years
Nigeria’s consumer price index, which measures inflation, dropped to 11.08% in July 2019. This was revealed in the latest inflation report released by the National Bureau of Statistics (NBS).
Is GoodLife Magik a threat to Tolaram’s impressive record?
Tolaram's recently launched fruit drink 'GoodLife Magik', isn't worth the fuss, considering the history of the company and fruit drink market in Nigeria.
NNPC and China Oil Corporation seek to expand $16 billion trade investment
The Nigerian National Petroleum Corporation (NNPC) and the China National Offshore Oil Corporation (CNOOC) are set to expand the $16 billion trade investment in Nigeria.
5,000 SMEs to benefit from $300 million FG grant
5,000 SMEs will benefit from a $300 million investment initiative set aside for businesses in the Agricultural sector.
CBN warns MfBs against hoarding as lenders begin to disburse N100, other lower notes
The CBN has warned the Microfinance Banks (MfBs) operating in Nigeria against hawking and hoarding of lower currencies.
Consolidated Hallmark eyes N3.9 billion capital raise ahead of NAICOM’s recapitalisation deadline
@MyChiPlc has disclosed its plan to raise its capital base from the N6.1 billion to N10 billion ahead of the deadline given by the National Insurance Commission (NAICOM) for insurance firms to recapitalise.
The Nigerian Stock Market closes Thursday’s trading in negative territory
The Nigerian Stock Market ended Thursday's trading session in negative territory. The All-Share Index closed at 27,052.93 basis points, down 0.11%.
Experts advise on ways to ensure market penetration in insurance sector
Workers in the insurance sector have been urged to take their services with all sense of seriousness in order to ensure a wide level of market penetration or risk oblivion.
$20 million renewable energy fund to create 19,000 jobs
A $20 million investment has been given to the AfDB by the Clean Technology Fund to develop cleaner and more reliable energy in Africa.
SEC expresses its commitment to protecting investors against high charges
The Acting Director-General of SEC, Mary Uduk has said the Commission intends to protect investors from high charges in the capital market.
Systems Upgrade: NCC to cater for 40 million disconnected Nigerians
The NCC has embarked on a system upgrade, to enable access to telecommunication services to more than 40m Nigerians in rural areas.
NNPC and 49 oil firms owe NDDC accumulated remittances of N1.2 trillion
The NNPC and other 49 oil firms are owing the Niger Delta Development Commission (NDDC) a remittance of N1.2tn in the form of unpaid dues.
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Why World Bank blacklisted CCECC, 5 other Chinese firms
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President Buhari assigns portfolios to all 43 ministers [Full-List]
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