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Business & Finance

Malabu Oil $1.1b bribe scandal: Nigerian, Italian

Friday, September 21, 2018
An Italian judge on Thursday sentenced two defendants to jail in the first leg of trials of the biggest graft scandal in the global oil industry: the Malabu Oil $1.1 billion bribery scandal. The next hearing of the main trial involving Eni, Shell and 13 people is set for Sept. 26. Nigerian Emeka ...

Demand For Transparency In The Sale Of Nspmc Shares

Wednesday, September 19, 2018
The Civil Society Group PROBITAS has asked the Federal Government of Nigeria to provide more details regarding the recent transfer of the government shares in the National Security Printing and Minting Company (NSPMC) to the Central Bank of Nigeria (CBN). The NSPMC operates in a sensitive ...

Coca-Cola wants to make drinks infused with marijuana

Wednesday, September 19, 2018
Photo: Ramin Talaie (Corbis via Getty Images), UrosPoteko (iStock) Never let it be said that Coca-Cola Co. can't tell which way the wind is blowing. Jumping onto a growing trend, Coke is exploring a possible alliance with Aurora Cannabis Inc., Bloomberg reports . Coca-Cola is primarily in ...

Central Bank of Nigeria begins distribution of lower denomination banknotes

Monday, September 17, 2018
The Central Bank of Nigeria (CBN) over the weekend continued in its direct distribution of lower denomination banknotes to marketers, merchants, shopping malls, supermarkets, tollgates among others by visiting the ultra-modern Tejuosho market, Lagos. The Director, Currency Operations Department, ...

Buhari Appoints Zainab Shamsuna Ahmed As The New Finance Minister

Saturday, September 15, 2018
Biodata Of The New Finance Minister Who Is Zainab Shamsuna Ahmed? Following the controversial resignation of Kemi Adeosun over the possession of a fake NYSC exemption certificate, President Muhammadu Buhari has appointed Zainab Ahmed as the new finance minister. Below is her full prof ...

EFCC raids Standard Chartered Bank head office

Friday, September 14, 2018
The Economic and Financial Crimes Commission on Friday raided the headquarters of the Standard Chartered Bank in Lagos. It was reported that about 20 operatives of the anti-graft agency were seen on the bank premises. The reason for the raid on the bank was not disclosed. However, EFCC spokesm ...

China Investment Loan: South-East to benefit from $2bn Fund – Buhari

Friday, September 14, 2018
President Muhammadu Buhari says the new investment commitments coming into Nigeria rsquo;s textile sector, of which Aba is a major beneficiary, will be actualized within the shortest possible time. President Buhari gave the assurance when he received traditional rulers from Abia State led by His ...

5 Leadership Lessons From Nigerian CEO of General Electric, Lazarus Angbazo's Sp

Friday, September 14, 2018
The Chief Executive Officer and President of General Electric in Nigeria, Mr. Lazarus Angbazo shared some important leadership tips with business students at the Purdue University, Indiana. He was guest speaker at a forum organized by the Krannert School of Management in September. Angbazo returned ...

Gtbank Leads Top 5 Gainers In Nse Chart, Closes At N32.95kobo

Thursday, September 13, 2018
LAGOS, Nigeria ndash; Guarantee Trust Bank(GTB) on Thursday led the top five gainers chart on the floor of the Nigerian Stock Exchange(NSE)as banking stocks contributed the largest chunk of traded funds. GTbank closed at N32.95 Kobo per share adding a total of 35 Kobo about 1.07 percent c ...

Turkish Firm to Supply Power for 3 Million Nigerians

Thursday, September 13, 2018
A Turkish company Ak-Ay Elektrik will supply electricity to 3 million people in the West African country of Nigeria through five infrastructure projects to supply transformer substations. Ulas Aslan, deputy coordinator of Ak-Ay Elektrik rsquo;s projects, told Anadolu Agency (AA) in an exclusive i ...

BEST seals partnership deal with Al-Madinah University of Malaysia

Thursday, September 13, 2018
In order to boost human capacity development of the Nigerian business community in particular and Nigeria in general, the Abuja Chamber of Commerce and Industry (ACCI) through its training arm has formally sealed a partnership deal with the Al-Madinah International University of Malaysia. The tra ...

New Wema Bank MD, Ademola Adebise,wanes As The Bank tumbles To Huge Debt Portfol

Wednesday, September 12, 2018
Banking without bankruptcy is like Christianity without hell. This incontestable truth becomes clearer to Ademola Adebise, the new Managing Director of Wema Bank, by the minute. The MD has finally burned through his euphoric spells of fantasy to chance on cold, brutal reality; Wema is in trouble. ...

Nigerian firm wins maiden Shell Global Innovation Outstanding Performance Prize

Monday, September 10, 2018
A Nigerian plastic-recycling company has won the maiden Shell Outstanding Achievement Prize in the 2018 Shell LiveWIRE Top Ten Innovators Awards. Bayelsa State-based De-Rabacon Plastics came tops in a competition that also saw another Nigerian firm, Alternate Energy Limited, emerge as the second run ...
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