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Business & Finance

 MDBs launch new platform to coordinate support fo

Saturday, April 21, 2018
WASHINGTON, April 20, 2018 ndash; Seven Multilateral Development Banks (MDBs) launched a new platform to enhance their collaboration on economic migration and forced displacement today on the margins of the IMF-World Bank Group Spring Meetings. The platform will advance strategic dialogu ...

Court throws out EFCC's suit against Patience Jonathan

Friday, April 20, 2018
A Federal High Court in Lagos on Thursday threw out a suit filed by the Economic and Financial Crimes Commission (EFCC), seeking to forfeit to the Federal government of Nigeria, the sum of $5,316.66 USD, domiciled in Skye Bank Plc, and linked to the former first lady, Mrs. Patience Jonathan and six ...

Ecobank Wins 3 Awards at 2018 Asian Banker Awards

Thursday, April 19, 2018
April 19, 2018 - Ecobank Transnational Incorporated (ETI) and its two affiliate countries - Nigeria and Ghana- have emerged winners in three strategic categories of The Asian Banker ndash; West Africa Awards 2018. The annual awards saw ETI winning the Best Financial Inclusion Initiative Applica ...

EIB and African Development Bank to support private sector investment in Nigeria

Thursday, April 19, 2018
The European Investment Bank and the African Development Bank have agreed to support the creation of the new Development Bank of Nigeria to strengthen lending for business and agriculture investment in the country. The European Investment Bank has finalized a US $20-million equity stake in the ne ...

Access Bank, Ecobank, UBA branches sealed over unpaid taxes

Thursday, April 19, 2018
The Benue Board of Internal Revenue Service (BIRS) has sealed up six firms, including three commercial banks, over alleged non-payment of taxes to the tune of N 774.5 million. Mrs. Mimi Orubibi, Executive Chairman, BIRS, who led the team that carried out the exercise on Wednesday in Makurdi, said ...

Court stops sale of 9Mobile

Thursday, April 19, 2018
The Abuja division of the Federal High Court has halted the planned sale of embattled telecommunication firm, Etisalat (now 9mobile) following opposition to the move by some aggrieved shareholders. The shareholders Afdin Ventures Limited and Dirbia Nigeria Limited who claimed to be major inve ...

France builds WhatsApp rival due to surveillance risk

Tuesday, April 17, 2018
The French government is building its own encrypted messenger service to ease fears that foreign entities can spy on private conversations between top officials, the digital ministry said on Monday. None of the world 39;s major encrypted messaging apps, including Facebook 39;s (FB.O) WhatsApp a ...

Kabiru Rabiu At The Africa Sugar Conference

Monday, April 16, 2018
The 8th Africa Sugar Conference was held on April 10 ndash; 12, 2018 in Nairobi, Kenya with the GROUP EXECUTIVE DIRECTOR (GED) OF BUA GROUP, KABIRU RABIU, in attendance with other participants representing millers, refiners, traders, government, and industry bodies. At the ...

Globacom, Chief Marketing Officer charged with $6.7m fraud

Monday, April 16, 2018
The telecommunications giant mdash; Globacom Ltd and its Chief Marketing Officer, Ashok Israni mdash; were on Monday hauled up before an Ikeja Special Offences Court over alleged 6.7 million dollars fraud (N2.41 billion). The Economic and Financial Crimes Commission (EFCC) had slammed a 6.7 mil ...

Imo Police Command set up Bank Chain patrol to forestall invasion of banks by r

Saturday, April 14, 2018
The Imo State Police Command has set up Bank Chain patrol squads to forestall the kind massive robbery onslaught on banks in Offa Kwara State, which took place a week ago. A robbery gang had on April 5 struck at the sleepy town of Offa, Kwara State, leaving behind a littany of dead bodies includi ...

Bid to seize Patience Jonathan's $8.4m, N7.35bn: Patience Jonathan floors EFCC i

Saturday, April 14, 2018
The Federal High Court in Lagos on Friday refused to grant an application by the Economic and Financial Crimes Commission seeking to seize the funds in 15 bank accounts linked to former First Lady, Patience Jonathan. The funds, which the anti-graft agency sought to confiscate, included a t ...

Kachikwu named among 100 most influential Africans in 2017

Saturday, April 14, 2018
The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has been named among 100 Most Influential Africans of 2017 by a London-based magazine, the New African 39;. A statement by Mr Idang Alibi, the Director, Press and Public Relations in the ministry, said Kachikwu was chosen in the ca ...

Bank chief, who bought 134 buses, 20 houses, arrested for N11.5 billion fraud

Friday, April 13, 2018
The Economic and Financial Crimes Commission has arrested the Managing Director of Platinum Multi-purpose Cooperative Society Limited, Mr. Michael Osasogie Obasuyi, for alleged conspiracy, cybercrime and laundering of N 11.498 billion According to EFCC, Mr. Obasuyi, who is also the Managing Director ...
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