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Wednesday, January 24, 2018

EFCC Re-Arraigns Oil and Gas Dealers for N7.3bn Fraud

Rotimi Morgan/ Two players in the oil and gas industry were re-arraigned in court today over alleged fraud of N7-3billion. The Lagos office of the Economic...

Exclusive: Fraudsters Sell Lagos Lagoon for N787.5Million

Segun Atanda/ A US-based Nigerian businessman was dazed in Lagos, when land agents led him to the lagoon after the part-payment for 150 plots offered...

Bad News for Nigeria as Moody’s Downgrades First Bank, Access Bank, GTB, others

Segun Atanda/ Things are not looking up for Nigerian banks in the International financial market, says the latest report from Moody’s. Access Bank Plc, Guaranty Trust...

Aliko Dangote Foundation Joins Global Leaders to Fight Malnutrition – Pledges US$100 Million...

Rotimi Morgan/ Convinced that malnutrition is the underlying cause of nearly half of all global child deaths, Africa’s richest man, Alhaji Aliko Dangote, is committing...

News Analysis: Rising Oil Price Raises Hope of a New Dawn … As Buhari...

Dipo Kehinde/ Are you wondering why there was a smile on the President's face today as he presents the 2018 appropriation bill? This is probably the...

Federation Account Rakes in N797Bn VAT Revenue in 10 Months

Rotimi Morgan/ About N797.51billion revenue generated from Value Added Tax (VAT) between January and October was transferred into the Federation Account, says the Minister of...

Oando Counters SEC’s Directives with Court Order

Segun Atanda/ Oando Plc has obtained a court order restraining the Nigerian Stock Exchange (NSE) from implementing the technical suspension of the trading of its...

Evans Loses Assets to First Bank, Skye Bank

Ronke Kehinde/ Skye Bank PLC and First Bank of Nigeria Limited have obtained a court order to take over the assets of Evans. NewsmakersNG learnt that...

Dangote Cement Records 65% Market Share

Segun Atanda/ Dangote Cement, with plants spread across Africa, has maintained its dominance in Nigeria's domestic cement market accounting for 65 per cent of the...

Fiscal Index: Rivers, Lagos, Ogun, Kano Lead Ranking, Osun Worst

Ranti Kayode/NAN/ Ekiti, Osun, Gombe and Plateau have been listed as the states on the verge of collapse, as Rivers emerge the most economically healthy...

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Hugh Masekela Joins Fela

Ronke Kehinde/ "I lived in Liberia and Ghana and Guinea on and off, and learned many things, especially from my dear friend and brother Fela." That...

Agents Uncover Clues to Drug Lord, Escobar’s Hidden £50B

Ololade Adeyanju/ Divers have reportedly found clues which may finally reveal the location of drug kingpin Pablo Escobar's rumoured £50bn hidden fortune. The Sun reports that...

Police Cage Ezekwesili, others

Segun Atanda/ Former Minister of Education and convener of the BringBackOurGirls group, Dr Obiageli Ezekwesili, has raised the alarm that the Presidency has ordered the...