Thursday, February 21, 2019
Business

Business

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President Muhammadu Buhari Tuesday vowed to track and recover all funds allegedly misappropriated by previous governments in the power sector without commensurate results. The president insisted that his administration would go after the culprits,...
The Naira on Monday maintained stability against the dollar at the parallel market in Lagos, exchanging at N358 to the dollar. The Pound Sterling and the Euro traded at N473 and N410, respectively.
The Economic and Financial Crimes Commission (EFCC) has traced a deposit of $30,000 by Joe Agi, a senior advocate, into the bank account of Walter Onnoghen, the embattled chief justice of Nigeria (CJN), TheCable understands.
A judge has adjourned a Lagos court case between South African telecoms firm MTN Group and Nigeria’s attorney general over a $2 billion tax demand until Mar. 26, the court said on Thursday. MTN...
The Securities and Exchange Commission (SEC) has sealed off the premises of Dantata Success and Profitable Company, Kano for engaging in illegal capital market activities, According to a statement from the Commission, the company...
Justice Mojisola Olatoregun of a Federal High Court, Lagos on Monday convicted a Managing Director of the defunct Integrated Microfinance Bank Ltd., Simon Akinteye, for fraud totalling 166.9 million U.S. dollars. Olatoregun found Akinteye...
The Central Bank of Nigeria (CBN) on Monday denied involvement in foreign exchange manipulation as alleged in one of the national dailies. The bank’s Director, Corporate Communications of the CBN, Mr Issac Okorafor made...
The Office of the National Security Adviser (ONSA) has denied alleged plan to shut down internet access during the upcoming general elections. The News Agency of Nigeria (NAN) reports that ONSA is reacting to...
The Economic and Financial Crimes Commission, EFCC, has secured an interim forfeiture of the sum of fromN1,000,494,000 (One Billion, Four Hundred and Ninety Four Thousand Naira) only. The order was granted by Justice Lewis Allagoa of the...
Guinness Nigeria Plc has launched an agriculture scheme to support the Federal Government’s efforts to diversify the economy and enhance local content in the agricultural sector The scheme, tagged, ‘Grow with Nigeria,’ is designed...
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