26 C
Lagos
Tuesday, September 29, 2020
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The Central Bank of Nigeria (CBN) says that it is investigating seventy-one companies over alleged infractions related to foreign exchange transactions after preliminary reviews raised suspicions about some of their activities. Sources within the central bank accused the companies of being “the cause of the current volatility and imbalance in the foreign...

Why I Made TIME100 Most Influential People of 2020

Not every day do you wake up to this —honoured to be named to the 2020 Time100 from TIME. This has been...

British Court to Return $200m P & ID Deposit to Nigeria, Emefiele Says

Nigeria's Central Bank governor Godwin Emefiele told journalists that a commercial court in London adjudicating the case between Nigeria and Process &...

Africa, AfCFTA, The Private Sector and The Way Forward By Abdul Samad Rabiu

I start by congratulating African leaders on the opening of the AfCFTA secretariat last month. I believe the secretariat will further help...

ENERGY TIMES

GE And Niger Delta Power Holding Company Successfully Restore Up To 360MW In Nigeria Amidst COVID-19 Pandemic

GE has announced the successful rehabilitation of three 9E.03 gas turbines, at three Niger Delta Power Holding Company’s (NDPHC) Power Plants in...
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NNPC Chief Asks Indigenous Firms to Seek Global Competitiveness

Nigeria's state-run oil company, the Nigerian National Petroleum Corporation (NNPC) has said indigenous companies operating in the nation’s oil and gas sector...

Seplat Says it is Investigating Water Well Leaks

Nigerian oil group Seplat Petroleum has commissioned an investigation in the southern state of Delta over reports of water being polluted by...

CRIME

Ilorin Court to Sentence Internet Fraud Suspect

A Kwara State High Court sitting in Ilorin today reserved sentencing of an internet fraud suspects who pleaded guilty to four-counts of...

Payroll Chief and Two Accomplices Ensnared in ICPC Ghost Worker Sting

The Independent Corrupt Practices and Other Related Offences Commission, (ICPC) has arraigned Mr Sadiq A. Sadiq, the Head of the Payroll Department...

EFCC Arrests Two Over N16 Million Fraud In Maiduguri

The Economic and Financial Crimes Commission, (EFCC) Maiduguri Zonal Office, on Tuesday, September 8, 2020, separately arraigned two suspected fraudsters for alleged...

Court Jails Businessman In Maiduguri

Justice Aisha Kumaliya of the Borno State High Court, sitting in Maiduguri, has convicted and sentenced a businessman, Bukar Alhaji Modu to...

EFCC Arraigns Hackers Over FCMB N900m Heist

The Economic and Financial Crimes Commission (EFCC) has arraigned seven men in connection with an alleged theft of nine hundred million naira...

BUSINESS
Latest

Sterling Says it Has Provisional CBN Approval for HoldCo

Nigerian mid-tier lender Sterling Bank says that it has received an approval-in-principle from Nigeria's Central Bank of Nigeria (CBN) permitting the bank...

Health Plus Faces Boardroom Crisis as Legal Wrangle Worsens

Health Plus, the leading Nigerian pharmacy and beauty chain says that it complied with extant laws in its decision to sack founder...

Stanbic IBTC Appoints Sola David-Borha as Non-Executive Director

Stanbic IBTC Holdings PLC has announced the appointment of Mrs Sola David- Borha as a Non-Executive Director with effect from 24 September...

Flour Mills Appoints Anammah to Board

Flour Mills of Nigeria Plc, has announced the appointment of Juliet Anammah to the company’s board, effective September 10, 2020.

Inq. Acquires Vodacom’s Nigerian Operations in Nigeria

Convergence Partners’ subsidiary, Inq. (formerly Synergy Communications), has acquired Vodacom Business Africa’s operations in Nigeria. Convergence says that the...

BUSINESS PROFILES

Edefe Ojomo

Edefe Ojomo is a lecturer in the Department of Jurisprudence and International Law at the University of Lagos, Nigeria. She has a...

Afsane Jetha

Afsane Jetha is the Managing Partner and CEO of Alta Semper Capital, which she co-founded in 2015 alongside Ronald Lauder (Chairman of...

Okechukwu Ohanta

Okechukwu Ohanta is the Sub-Surface Manager at Tenoil Petroleum and Energy Services. Mr Ohanta is responsible for the company's subsurface studies, formation...
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