Justice Charles Archibong of the Federal High Court in Lagos yesterday discharged the former Executive Vice Chairman and Chief Executive Officer (CEO) of Intercontinental Bank Plc (now acquired by Access Bank Plc), Dr. Erastus Akingbola, of the 26-count charge bordering on money laundering...
Updated 8 Years ago

The House of Representatives Committee on Aviation on Monday threatened to sanction British Airways if it failed to reduce its air fares for Nigerian passengers. Nkiruka Onyejeocha (PDP-Abia), the chairman of the committee, gave the warning at an investigative hearing on the arbitrary hike in...
Updated 8 Years ago

The Timi Alaibe-led Financial Management Committee set up by Bayelsa State Governor, Mr. Henry Seriake Dickson, to look into the finances of the state during the administration of former governor of the state, Timipre Sylva, Monday submitted its report, disclosing how N660 billion which accrued...
Updated 8 Years ago

Bharti Airtel Limited, a leading integrated telecommunications company with operations in 19 countries across Asia and Africa, has announced the launch of its operations in Rwanda to expand its footprint on the African continent to 17 countries, a release made available to newsmen at the weekend...
Updated 8 Years ago

The modest building that squats next to a busy roundabout near the lagoon in Nigeria’s commercial capital offers little hint of the achievements - and ambition - of its tenant. For that you need to enter Aliko Dangote’s office on the ninth floor, where a political map of Africa and huge...
Updated 8 Years ago

All is now set for the commencement of the much-awaited Turn-Around Maintenance (TAM) of the Warri Refining and Petrochemical Company (WRPC). The $600 million (about N94.2 billion) TAM is expected to last between 24 and 36 months with an upgrade for long term operative plan of 50 years...
Updated 8 Years ago

Speaker of the Parliament of the Economic Community of West African States (ECOWAS Parliament) and Nigeria’s Deputy Senate President, Senator Ike Ekweremadu, Thursday commended the ECOWAS Authority of Heads of State and Government and the international community for the restoration of constitution
Updated 8 Years ago

One of the accused persons standing trial in the N14.5 billion Police Pension scam, Mrs. Veronica Ulonma Onyegbula, has told investigators that the $544,632 (about N82 million) found in a company that she had interest in, Ulover International Resources Limited, was realised from selling pure water .
Updated 8 Years ago

Actis, a private equity investor, has revealed that a bright future awaits the Nigerian retail real estate. This was made known at a meeting of senior business leaders organised by Actis in Lagos at the weekend to discuss Nigeria’s retail revolution......
Updated 8 Years ago

The nation’s stock market rose by 2.6 per cent in March as the Nigerian Stock Exchange (NSE) All-share Index closed at 20,652.51 from 20,123.47 of the beginning of the month . This was an improvement on the decline of 3.6 recorded in February and a growth of 0.7 per cent
Updated 8 Years ago