By News Investigators On Monday, July 24th, 2017
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OPEC Says More Libya, Nigeria Oil Is Needed

BLOOMBERG: Limiting oil output from Nigeria and Libya won’t be on the agenda when OPEC and other producers meet on Monday, with both African nations saying they’ll need to keep pumping at a higher level before More...

By News Investigators On Sunday, July 16th, 2017
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Take Advantage Of VAIDS Now, Magnus Nmonwu Tells Company Owners

By Sadiq Umar – Nigerian companies and entrepreneurs that do not have their tax affairs in order should act now to take advantage of the government’s Voluntary Assets and Income Declaration Scheme (VAIDS), More...

By News Investigators On Monday, July 3rd, 2017
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Agusto Upgrades Access Bank’s Rating To Aa-

(News Investigators)- In its recent rating review of Access Bank Plc, foremost rating agency in Nigeria, Agusto & Co, has raised the Bank’s rating from “A+” to “Aa-”, with a stable outlook. The upgrade More...

By News Investigators On Saturday, June 24th, 2017
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CBN, NCC Wade Into Etisalat Loan Dispute

By Sadiq Umar – The Central Bank of Nigeria (CBN) has and the Nigeria Communications Commission (NCC) have intervened in the crisis between Etisalat and a consortium of 13 Nigerian Banks over a syndicated More...

By News Investigators On Wednesday, June 14th, 2017
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20 Families Receive Special Surprises In Access Bank’s Family Fortune Promo

(News Investigators) As part of its commitment to reward participants with exciting prizes in its ongoing ‘Family Fortune Promo’, Access Bank Plc has delighted 20 of its customers who were the first set to take More...

By News Investigators On Monday, June 12th, 2017
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Buhari Backed Osinbajo To Sign Budget 2017 Into Law, Says Presidency

By Sadiq Umar – Nigeria’s acting President, Yemi Osinbajo has signed the 2017 Appropriation Bill into law but the Presidency says it was a the instance of President Muhammadu Buhari. A statement by Senior More...

By News Investigators On Monday, June 12th, 2017
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Heirs Holdings Appoints Director Of Marketing And Corporate Communications

Heirs Holdings today announced the appointment of Pelumi Fadairo as Director of Marketing and Corporate Communications.  Fadairo will be responsible for driving the Group’s strategic marketing objectives and More...

By News Investigators On Monday, June 5th, 2017
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Skye Bank Loses Round One In Legal Suit Against Centrespread Advertising

A Lagos High Court has dismissed, for lack of admissible evidence, a preliminary application by Skye Bank for an order pronouncing that Centrespread Advertising had agreed to pay the sum of N525million as outstanding More...

By News Investigators On Wednesday, May 31st, 2017
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Osinbajo Signs Laws To Ease Access To Credit Facility

By Nuel Suji – The Acting President, Yemi Osinbajo, Tuesday signed into law two bills that would ultimately facilitate easy access to credit facility, especially for small business owners. The bills which More...

By News Investigators On Thursday, May 25th, 2017
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Why Made-In-Nigeria Will Give Small Businesses A Boost

By Nuel Suji – The Federal Government should be commended for putting the spotlight on local manufacturers through initiatives such as the Made-in-Nigeria Dress Days and an Executive Order compelling state More...

By News Investigators On Monday, May 22nd, 2017
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Gateway Trade Fair: OGUNCCIMA Lauds Dangote Group’s Collaboration

By Nuel Suji – The Ogun State Chamber of Commerce, Industry, Mines and Agriculture (OGUNCCIMA) has commended the Pan African Conglomerate, Dangote Group (www.Dangote.com) for its giant strides in economic More...

By News Investigators On Thursday, May 18th, 2017
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Elumelu, African Leaders Commend AFC On World Class Governance Standards

By News Investigators – Chairman, United Bank for Africa Plc, Tony O. Elumelu, has hailed the African Finance Corporation on its various initiatives and contributions targeted towards supporting African economies More...

By News Investigators On Thursday, April 20th, 2017
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ANALYSIS: Of UBA’s Top-Of-Chart Performance

(News Investigators, Abuja) United Bank for Africa (UBA) Plc is on the top list of companies with well-rounded performance. UBA’s top-of-the-chart performance at the stock market combines with considerable growth More...

By News Investigators On Thursday, April 20th, 2017
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Access Bank Appoints Roosevelt Ogbonna New Group Deputy Managing Director

Access Bank has announced the appointment of Roosevelt Michael Ogbonna as its new Group Deputy Managing Director, according to a statement released by the Nigerian Stock Exchange on Wednesday. GDMD The bank said More...

By News Investigators On Tuesday, April 11th, 2017
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FY 2016: Fidelity Bank Grosses N152bn, Proposes 14k Dividend

By Nuel Suji – Fidelity Bank Plc grossed N152.0bn in earnings for the financial year ended December 31, 2016 and is proposing to pay a dividend of 14kobo per share to shareholders, the bank says. The full More...

By News Investigators On Tuesday, April 4th, 2017
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CBN Boosts FOREX Supply By $240m, Threatens To Sanction Defaulting Banks

By Sadiq Umar – The Central Bank of Nigeria (CBN) has released the sum of $90 million to meet requests for invisibles such as BTA/PTA, medical and school fees. The Bank, has also offered a total of $150 million More...

By News Investigators On Friday, March 31st, 2017
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CBN Announces Twice Weekly Forex Sale To Bureaux De Change

By Sadiq Umar – The Central Bank of Nigeria (CBN) Friday announced a new sale amount to Bureaux De Change, saying it would commence twice weekly forex sales from Monday April 3, 2017. The amount to BDCs has More...

By News Investigators On Saturday, March 25th, 2017
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Court Adjourns Aderinokun’s Daughter’s Suit Against GTBank Till March 28

By News Investigators – The Federal High Court in Lagos on Friday adjourned further proceedings till March 28, 2017 in a suit filed against Guaranty Trust Bank and six others by Miss Oluwatise Aderinokun, More...

By News Investigators On Tuesday, March 21st, 2017
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Dangote In Trouble As Regional Admin In Ethiopia Demands Employment Of Locals

(News Investigators) – Ethiopian regional officials are demanding that foreign cement producers including Dangote Cement Plc hand control of some parts of their businesses to groups of unemployed youths. The More...

By News Investigators On Monday, March 20th, 2017
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F.G Hails Dangote’s Self-Sufficiency Feat In Cement Production

By Nuel Suji – The Federal Government has officially confirmed that Nigeria has attained self-sufficiency in the production of cement and is now an exporter of the commodity, ascribing the feat to Dangote More...

By News Investigators On Tuesday, March 7th, 2017
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Elumelu Foundation Partners General Electric On Advanced Training For TEF Entrepreneurs

By Sadiq Umar – The Tony Elumelu Foundation (TEF) has partnered with the General Electric (GE) for an advanced manufacturing training program for up to 25 Tony Elumelu Entrepreneurs yearly. GE and TEF announced More...

By News Investigators On Wednesday, March 1st, 2017
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Court Adjourns GTBank’s Equity Manipulation Case Till March 24

By Nuel Suji – A Federal High Court sitting in Lagos has adjourned till March 24, 2017, hearing in the suit alleging manipulation of the shares belonging to late Tayo Aderinokun, founder and former Managing More...

By News Investigators On Saturday, February 25th, 2017
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Anti-Graft War Has So Far Yielded N57.9Bn, $666M, Says Malami

By Sadiq Umar – The Attorney General of the Federation and Minister of Justice, Abubakar Malami, says the Justice ministry has recovered the whopping sum of N57.9 billion as well as $666.676. Mr. Malami made More...

By News Investigators On Wednesday, February 22nd, 2017
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CBN Injects $370.9m Into FOREX Market

By Nuel Suji – The Central Bank of Nigeria (CBN) on Tuesday, carried out wholesale interventions in the interbank FOREX market by providing a total sum of $370,810,810.79 to 23 banks to meet the visible and More...

By News Investigators On Thursday, February 16th, 2017
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CBN Denies Query Report On Emefiele, Says No Dealing With Individual On FOREX Sale

By Nuel Suji – The Central Bank of Nigeria (CBN) has denied reports that the Governor of the apex bank was queried over issues relating to the sale of foreign exchange, even as it dismissed insinuations that More...

By News Investigators On Friday, February 3rd, 2017
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Airport Closure: Lufthansa Quits Abuja Route, German Biggest Carrier Declines Kaduna Option

By Nuel Suji – Deutsche Lufthansa AG became the first airline to announce that it will suspend flights serving the Nigerian capital Abuja while the city’s airport is closed for repairs, rather than switch More...

By News Investigators On Thursday, January 26th, 2017
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Fitch Downgrades Nigerian Rating Outlook To B+

Fitch Ratings Ltd. the credit rating agency has revised the outlook on Nigeria to negative from stable over concerns that a lack of foreign exchange will hamper the economy, and affirmed the West African nation’s More...

By News Investigators On Wednesday, January 18th, 2017
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Which Economic And Development Policy’s Should Africa Pursue To Ensure Its Survival Path?

By Dr. Mehenou Amouzou Africa has a very serious economic identity problem. When compared to Asia, the continent has made much less progress. China, India, Indonesia and Singapore largely only endured tourism for More...

By News Investigators On Thursday, January 5th, 2017
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INVESTIGATION: How Elumelu’s UBA Aided Massive Looting By Military Chief

By Sadiq Umar The United Bank for Africa (UBA), without doubt, is one of Africa’s largest financial services provider. Subsidiaries in 20 African countries, representative offices in France, the United Kingdom More...

By News Investigators On Monday, January 2nd, 2017
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PERSPECTIVE: Africa – An Imminent Financial Peril ?

The Nigeria case, Former Nigerian late President Sani Abacha had an estimated sum of funds deposited in Europeans banks, American banks and other global institutions amounting to 10/15 billion dollars. Since his More...

By News Investigators On Tuesday, December 13th, 2016
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Buhari’s Waning Popularity ‘ll Put APC Under Pressure In 2017 – Report

By Sadiq Umar – President Muhammadu Buhari’s rising unpopularity will place the All Progressive Congress (APC) under increasing pressure and without a bounce in the oil price, fiscal and sovereign risks More...

By News Investigators On Tuesday, December 13th, 2016
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Breaking: MMM Freezes Accounts Of Nigerian Participants

By Dipo Awojobi – The hope of Nigerians planning to draw cash for the Yuletide celebrations from the Mavrodi Mondial Moneybox (MMM) scheme, may have been dashed as the alleged Ponzi scheme has frozen accounts More...

By News Investigators On Friday, December 9th, 2016
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Self-Employment: 13, 000 Sellers Participate In Jumia Black Friday Sales

By Nuel Suji – Over 13,000 sellers on the Jumia platform on Friday participated in 2016 Jumia Black Friday annual sales with sellers offering up to 70% discounts. The sellers, sales agents and community of More...

By News Investigators On Thursday, November 17th, 2016
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Nigeria Negotiating Free Trade Agreements, Reviewing Trade Policies, ECOWAS CET, Says Enelamah

By Nuel Suji – The Federal Government has said it is in the process of negotiating 21st century Nigerian free trade agreements, to expand market opportunities for Nigerian companies as well as looking into More...

By News Investigators On Monday, November 14th, 2016
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German Multinational Launches Scheme To Assist Nigerian Artisans

By Nuel Suji – Bosch, German multinational and one of the world’s leading suppliers of technology and services is set to launch a scheme that would assist Nigerian artisans to grow their businesses. The More...

By News Investigators On Tuesday, November 1st, 2016
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Arik Air Celebrates 10th Anniversary, Plans To Increase Fleet To 52 Aircraft

By Dipo Awojobi – One of Nigeria’s leading airlines, Arik Air on Monday celebrated its 10th anniversary with the addition of a new Bombardier CRJ-900 aircraft to its fleet. The Managing Director of More...

By News Investigators On Saturday, October 29th, 2016
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Traders Record High Patronage In Daura As Buhari’s Daughter Weds

By Dipo Awojobi – Hundreds of traders recorded high patronage in Daura, Katsina State as the ancient town went agog for President Buhari’s daughter wedding on Friday. Supermarkets, shops, soft drink sellers More...

By News Investigators On Sunday, October 23rd, 2016
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AT&T To Buy CNN, Other Time Warner Companies For $85 Billion

By Dipo Awojobi – The US telecoms giant AT&T has announced that it will buy entertainment group Time Warner for nearly $86bn (£70bn). The deal was agreed at a meeting of the two boards on Saturday but More...

By News Investigators On Wednesday, October 19th, 2016
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Nigeria’s Economy Has Overtaken South Africa, Egypt – IMF

By Dipo Awojobi – A new report from the International Monetary Fund (IMF) has projected Nigeria as Africa’s biggest economy, in spite of its current challenges. Nigeria is placed ahead of South Africa and More...

By News Investigators On Thursday, September 29th, 2016
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Recession: Senate Seeks Harmonization Of Financial, Monetary Policies

By Nuel Suji – The Senate has urged the Ministry of Finance and the Central Bank of Nigeria (CBN) to harmonize the Federal Government’s financial and monetary policies as one of the ways to end the current More...

By News Investigators On Tuesday, September 27th, 2016
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Senate Rejects Sale Of National Assets

By Nuel Suji – The Senate on Tuesday voted against the sale of Nigeria’s assets proposed by Federal government. ‎During consideration of recommendations from debate on economic recession‎, Senate Leader, More...

By News Investigators On Tuesday, September 27th, 2016
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Senate Investigates MTN’s Alleged Money Laundering Of $13.9 Billion … Buhari’s Minister, MTN, Four Banks Indicted

By Nuel Suji – The Nigerian Senate on Tuesday started investigation into allegation of money laundering worth $13.9 billion involving Minister of Trade and Investment, Okechukwu Enelamah, and Mobile Telecommunication More...

By News Investigators On Wednesday, September 21st, 2016
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Elumelu Bags “Person Of The Year” Award In New York

…Dedicates it to all stakeholders working hard to Power Africa out of Poverty Chairman of Heirs Holdings, Mr. Tony Elumelu, yesterday, while receiving the ‘Person of the Year’ award at the Africa Investor More...

By News Investigators On Thursday, September 8th, 2016
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Save Us From Imminent Collapse, Airline Operators Cry Out To F.G

By Nuel Suji – Airline operators in Nigeria have cried out to the federal government for a bailout from the imminent collapse of their business by granting them Special Intervention Fund to remain afloat. The More...

By News Investigators On Friday, September 2nd, 2016
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Another Airline, First Nation Airways Suspends Flight Operations

By Nuel Suji – First Nation Airways has suspended its operations announced the suspension of its operations. The announcement is coming barely 24 hours after Aero Contractors, another airline announced the More...

By News Investigators On Friday, September 2nd, 2016
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CBN Re-Instates Banks Suspended From Forex Over NNPC Funds

By Dipo Awojobi – The Central Bank of Nigeria (CBN) has re-instated all the banks that were banned from the foreign exchange market, the Director, Banking Supervision, Mrs Tokunbo Martins, has said. Governor More...

By News Investigators On Friday, August 26th, 2016
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CBN Orders Banks To Identify, Freeze Accounts Receiving Illicit Capital Flows

By Idowu John Bakare – The Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMBs) to identify and freeze accounts receiving illicit flows into the country. CBN also directed the banks to submit More...

By News Investigators On Wednesday, August 24th, 2016
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Ezekiel Oseni, BoI Chief Risk Officer Appointed As NERFUND’s Acting M.D

By Sadiq Umar – The Minister of Finance, Kemi Adeosun, has approved the appointment of Dr. Ezekiel Oseni as the Acting Managing Director for the National Economic Reconstruction Fund (NERFUND). Nigeria’s More...

By News Investigators On Sunday, August 14th, 2016
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Why Naira Keeps Falling – Emefiele

By Dipo Awojobi – The Central Bank Governor Godwin Emefiele has explained why the Naira is on a free fall. Governor, Central Bank of Nigeria He said the country’s currency depreciated against the Dollar More...

By News Investigators On Wednesday, August 10th, 2016
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CBN Grants Banks Waiver To Write-Off Bad Loans

By Sadiq Umar – The Central Bank of Nigeria (CBN) has granted all banks in the country permission to write off non-performing loans this year, attributing the decision to the prevailing economic challenges. Governor, More...

By News Investigators On Monday, August 8th, 2016
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Customer Threatens First Bank With Legal Action Over Illegal Deduction

YOLA/By Tom Garba – A Yola-based legal lawyer, Sunday Wugira, has demanded the reversal of an alleged illegal deduction from his clients salary by the First Bank of Nigeria, Plc,  Yola, even as he More...

By News Investigators On Tuesday, August 2nd, 2016
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WorldRemit Calls For Urgent Restoration Of Money Transfers To Nigeria, Says CBN Rules Arbitrary

…Hundreds of global remittance companies forced to cease transfers while Western Union, MoneyGram and Ria continue By Nuel Suji – WorldRemit, a leading online remittance provider, has described as “arbitrary, More...

By News Investigators On Saturday, July 30th, 2016
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Encomium On UBA’s GMD/CEO, Phillips Oduoza, At Book Launch

By Nuel Suji – The outgoing Group Managing Director/CEO of United Bank for Africa (UBA) Plc, Mr. Phillips Oduoza has been described as “a special brand dedicated to excel.” Chairman of Best Foods Limited, More...

By News Investigators On Sunday, July 24th, 2016
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Zenith Bank Attributes Growth To Investment In Internet Tech

By Nuel Suji – Zenith Bank Plc, one of Africa’s leading financial institutions has enhanced its operations across Nigeria with huge investment in internet technology. The Bank said it has over the years More...

By News Investigators On Friday, July 22nd, 2016
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Nigeria Is In Technical Recession, Says Adeosun

By Nuel Suji – Minister of Finance, Kemi Adeosun on Thursday disclosed that Nigeria is in technical recession. Nigeria’s minister of finance Mrs Adeosun who made this known while appearing before Senate More...

By News Investigators On Wednesday, July 20th, 2016
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UBA, MasterCard Announce Pan-Africa Partnership

Five year deal across 19 markets focused on driving financial inclusion in Africa United Bank Africa (UBA) and MasterCard have announced a partnership which will see UBA act as the issuer for MasterCard in 18 More...

By News Investigators On Friday, July 8th, 2016
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BREXIT: “Africa Markets Will Suffer From Market Volatility,” Says Risks Control

By Nuel Suji – The short-term implications of Brexit for African economies will be mainly noticeable through market volatility, Risks Control -a global risk consultancy has said. The body who specializes in More...

By News Investigators On Tuesday, May 31st, 2016
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Adamawa Govt. Targets N1.5 Billion IGR In Six Months

By Tom Garba, Yola – The Adamawa government is to boost its  treasury with a N1.5 billion from the Internally Generated Revenue (IGR)targeted in the next six months in the state. Gov. Jibrilla Bindow made More...

By News Investigators On Tuesday, May 3rd, 2016
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Fidelity Bank Sacks Okonkwo, Announces Balarabe As New CEO

Fidelity Bank has announced the appointment of Mr. Mohammed Lawal Balarabe as its Acting MD/CEO. The announcement on Monday night was the fallout of the recent arrest of its Managing Director/Chief Executive More...

By News Investigators On Thursday, April 28th, 2016
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Fidelity Bank MD, Others In EFCC Net Over $115m Cash From Alison-Madueke

By Dipo Awojobi – The Managing Director of Fidelity Bank Plc, Nnamdi Okonkwo, has been arrested by the Economic and Financial Crimes Commission. Okonkwo, according to sources, was arrested for allegedly receiving More...

By News Investigators On Wednesday, April 13th, 2016
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News From Abroad: Nation Pledges Economic Help For Nigeria

(Beijing)China vowed on Tuesday to help Nigeria end three bottlenecks containing the biggest African economy’s industrialization and agricultural modernization. President Xi Jinping made the remarks when meeting More...

By News Investigators On Wednesday, April 13th, 2016
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NNPC Deploys 244 Trucks Of Petroleum Products To Abuja

The Nigerian National Petroleum Corporation (NNPC) said that 244 trucks of Premium Motor Spirit had been trucked out for Abuja and it’s environs. Mr Garba Deen Muhammad, Group Managing Director, Public Affairs More...

By News Investigators On Tuesday, April 12th, 2016
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Dangote Signs $2bn Chinese Bank Loan For Two Cement Plants

By Dipo Awojobi – Dangote Group, the company owned by Africa’s richest man Aliko Dangote, signed a deal on Tuesday for a $2 billion loan from the Industrial Commercial Bank of China Ltd for two cement plants, More...

By News Investigators On Tuesday, April 5th, 2016
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No Going Back On Subsidy Removal -PPPRA

By Dipo Awojobi – The Federal Government has said there is no going back on its decision to remove subsidy from Premium Motor Spirit, popularly known as petrol. The Federal Government stated its position on More...

By News Investigators On Wednesday, March 30th, 2016
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Town Hall Parley: Dabiri-Erewa Canvasses Stronger US, Nigeria Economic Ties

The three million-strong Nigeria- American diaspora in the US has been urged to help kickstart strong economic ties between the two countries. Speaking at a  town hall meeting in New York with gathering of Nigerians More...

By News Investigators On Wednesday, March 9th, 2016
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Buhari Approves NNPC Split Into 7 Companies With Immediate Effect

By Dipo Awojobi – The Nigerian National Petroleum Corporation, NNPC, has finally been unbundled into seven independent operational units. Unbundling NNPC This was approved on Tuesday by President Muhammadu More...

By News Investigators On Tuesday, March 8th, 2016
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Dangote Plans To Generate 12,000MW Of Electricity

By Dipo Awojobi – The President, Dangote Industries, Aliko Dangote, has said his company should be able to generate about 12,000 megawatts of electricity for the country by 2018. President, Dangote Group He More...

By News Investigators On Thursday, March 3rd, 2016
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The Economist Summit 2016: Osinbajo, Dangote, Tinubu, Philip Walker, Others To Speak

By Dipo Awojobi – The 11th Annual Nigeria Summit being organised by the events arm of The Economist is set to hold on Monday March 7 and Tuesday March 8, 2016. Nigeria’s Vice President A statement made More...

By News Investigators On Thursday, March 3rd, 2016
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FG To Split NNPC Into 30 Companies, Says Kachikwu

By Dipo Awojobi – The Minister of State for Petroleum Resources and Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Ibe Kachikwu, has said that the NNPC is to be unbundled More...

By News Investigators On Wednesday, March 2nd, 2016
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UBA Group Appoints Kennedy Uzoka As Group Managing Director

By Dipo Awojobi – The Board of the United Bank for Africa (UBA) has approved the appointment of Kennedy Uzoka as the new Group Managing Director, with effect from August 1st, 2016 and subject to the approval More...

By News Investigators On Thursday, February 25th, 2016
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Anyaoku Warns Against Currency Devaluation, Asks Buhari To Dialogue With Experts

By Sadiq Umar – A former Secretary-General of the Commonwealth, Emeka Anyaoku, has spoken against devaluation of Naira, warning that doing so would create further inflation that would hurt the masses. Devaluation More...

By News Investigators On Thursday, February 25th, 2016
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Nigeria, Two Others Remain Africa’s Most Attractive Deal Destination

… 290 deals recorded in 2015 – the highest volume since 2007 By Idowu John Bakare – Despite political turmoil, a prolong downturn in the commodities cycle and related currency risk, Nigeria, South More...

By News Investigators On Wednesday, February 17th, 2016
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PRESS RELEASE: Facebook Kicks Off Global Effort On Women’s Safety In Kenya

By Nuel Suji Facebook convenes group to focus on women’s safety for Safer Internet Day NAIROBI, Kenya, February 17, 2016/ — Facebook hosted a Women’s Safety roundtable in Kenya on February 10 with participants More...

By News Investigators On Wednesday, February 17th, 2016
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PRESS RELEASE: Ecobank Announces Leadership Change In Its Ghana Subsidiary

By Sadiq Umar – Ecobank Transnational Incorporated (ETI), parent company of the Ecobank Group, has announced a leadership change in its most profitable subsidiary, Ecobank Ghana Limited. A statement issued More...

By News Investigators On Friday, January 22nd, 2016
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WEF: Elumelu Sets To Deliver Talk On “Africapitalism” In Davos

By Nuel Suji – Nigerian businessman and Chairman of Heirs Holdings, Tony Elumelu, is scheduled for a discourse on how to scale clean-energy investment to meet developing-country needs on a panel at the World More...

By News Investigators On Monday, January 18th, 2016
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Jimoh Ibrahim Sacks MD On Live TV Program Over Workers’ Protest

By Dipo Awojobi – The Group Managing Director of Energy Group, Jimoh Ibrahim, sprang a surprise on Monday, when he sacked Bolu Afolayan, the Managing Director of one of his companies, Newswatch Media Ltd. More...

By News Investigators On Wednesday, January 13th, 2016
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No More Importation Of Petrol Once My Refinery Is Ready -Dangote

By Dipo Awojobi – President of Dangote Group, Aliko Dangote, has assured Nigerians that when his refinery is ready, the country would no longer need to import petroleum products. Speaking at the site of his More...

By News Investigators On Tuesday, January 12th, 2016
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Court Stops MTN From Moving Funds From Nigerian Banks

By Dipo Awojobi – A Federal High Court in Lagos has stopped the embattled MTN Nigeria Communications Limited from moving any existing funds from Nigerian banks abroad. The order was granted following Government More...

By News Investigators On Monday, January 11th, 2016
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CBN Reverses Policy On FOREX Deposit, Stops Sales To Bureau De Charge

By Sadiq Umar – The Central Bank of Nigeria, (CBN), has reversed itself on the policy stopping commercial banks from accepting foreign cash deposits from customers, even as the apex bank announced an embargo More...

By News Investigators On Sunday, January 10th, 2016
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CBN Assures Dangote On Availability Of FOREX For Refinery Project

By Nuel Suji – The Central Bank of Nigeria (CBN) has assured the Dangote Group of access to foreign exchange to facilitate its $14 billion dollar refinery project in Lagos, Nigeria. President, Dangote Group CBN More...

By News Investigators On Monday, December 28th, 2015
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Our Company Is Not Into Rice Smuggling –Maifata

By Nuel Suji, Abuja – Chairman of the Umza International Farms, Mohammed Abubakar Maifata, has denied the involvement of his company in smuggling of rice, even as he dismissed media report‎ on massive fraud More...

By News Investigators On Wednesday, December 2nd, 2015
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Consumer Protection Council Top List Of Outstanding Govt Agency, With 13 Others

By Nuel Suji, Abuja – The Consumer Protection Council (CPC) and 13 other Federal Government institutions have emerged as the most outstanding institutions in Nigeria for the 2014/2015 fiscal year. The institutions More...

By News Investigators On Thursday, November 26th, 2015
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UBA Sponsors 20 Customers On Holiday Trip To Dubai

As part of rewards for loyalty, Africa’s global bank, United Bank for Africa (UBA) has sponsored 20 of its customers on a holiday trip to Dubai. “These were the customers who received their Western More...

By News Investigators On Tuesday, November 17th, 2015
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Transcorp Hilton PRman, Shola Adeyemo Bags NIPR Award

The Public Relations Manager of Transcorp Hilton Abuja, Mr. Shola Adeyemo has been honoured with an Outstanding Performance Award by the Nigerian Institute of Public Relations, Capital Chapter. The award came in More...

By News Investigators On Tuesday, November 17th, 2015
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N1.04 Trillion Fine: MTN Gets New Payment Deadline

By Sadiq Umar, Abuja – The Nigerian Communications Commission (NCC) has extended to Friday the deadline given to MTN to pay a N1.04 Trillion fine slammed on the company following its failure to deactivate More...

By News Investigators On Thursday, November 5th, 2015
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Buhari Releases N413 Billion To Marketers To Avert Fuel Crisis

By Sadiq Umar – The Federal Government on Wednesday approved the immediate payment of N413 billion to oil marketers as outstanding payment for subsidy claims. The decision is taken to avert crisis in the More...

By News Investigators On Wednesday, October 21st, 2015
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Frozen Chicken: Consumer Protection Begins Nationwide Campaign

By Nuel Suji, Abuja – The Consumer Protection Council (CPC) has concluded arrangements for nationwide sensitization campaign and enforcement activities against smuggled poultry products in Nigeria. The Council’s More...

By News Investigators On Tuesday, October 6th, 2015
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Bill On Nigerian Railway Passes Second Reading In Senate

By Nuel Suji, Abuja – A bill seeking to provide for the regulation of railway sector in Nigeria has been passed for second reading in the Senate. The Bill sponsored by senator Andy Uba ( PDP Anambra South), More...

By News Investigators On Monday, September 14th, 2015
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First Bank Offers Attractive Package For Schools

As the long holidays wind up, First Bank of Nigeria Limited, Nigeria’s most valuable bank brand is set to support schools and educational Institutions with their educational requirements to enhance preparations More...

By News Investigators On Tuesday, September 8th, 2015
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Pay TV in Nigeria: Chinese StarTimes battles for supremacy with main rival Dstv

Nigeria has set 2017 as its new digital switch over date, but then, can NTA-StarTimes leverage on the extension for a bigger slice of pay-tv market share?, asks Idowu John Bakare StarTimes, the Chinese pay TV provider, More...

By News Investigators On Wednesday, September 2nd, 2015
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Stanbic IBTC In Trouble Over Questionable Transactions

By Nuel Suji, Abuja. The Financial Reporting Council of Nigeria (FRCN) has commenced investigation into an alleged illegal transactions undertaken by the Stanbic IBTC Bank Plc with its foreign technical partners More...

By News Investigators On Friday, August 21st, 2015
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Naira Gains Momentum, Appreciates N208 To $1

The Nigerian currency, the Naira, on Friday, appreciated to N208 to the Dollar in the parallel market, compared with N212 it traded for on Thursday. The British Pound Sterling and the Euro also traded at N330 and More...

By News Investigators On Monday, August 10th, 2015
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UBA Wins Biggest Agric Lender Award

Chairman, Heirs Holding Pan-African Financial Services group, United Bank for Africa (UBA) Plc was on Saturday, August 8, 2015 honoured with an award as Nigeria’s biggest lender to agriculture. The award was conferred More...

By News Investigators On Monday, August 10th, 2015
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Presidency Orders MDA’s To Remit Revenue Into Treasury Single Account

By Sadiq Umar, Abuja. President Muhammadu Buhari has directed each Department, Ministry and Agency of government to henceforth make payment into a Treasury Single Account (TSA) for all government revenues, incomes More...

By News Investigators On Saturday, August 8th, 2015
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Naira Free Fall: Senate Summons Emefiele Over Economy

Governor, Central Bank of Nigeria By Nuel Suji The Senate has summoned the Central Bank of Nigerian (CBN) Governor, Mr. Godwin Emefiele, to brief it on the state of the economy. The upper chamber said that it More...

By News Investigator On Wednesday, July 22nd, 2015
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Crackdown On Looters: EFCC, ICPC Turn Searchlight On GTB, Others

Governor, Central Bank of Nigeria President Muhammadu Buhari’s avowed determination to crackdown on corrupt officials is expected to provoke chain of reactions including a searchlight on banks that acted as More...

By News Investigator On Wednesday, July 8th, 2015
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Foreign Reserve Increases By $2.8 Billion In One Month -CBN Governor

‎ By Nuel Suji, Abuja. Governor of Central Bank of Ni‎geria, Mr. Godwin Emefiele on Wednesday declared that the President Muhammudu Buhari has upped Nigeria’s foreign reserve from $29 billion to $31.89 More...

By News Investigator On Thursday, June 18th, 2015
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Saraki Assures On Investment Friendly Legislations

Senate President By Nuel Suji, Abuja. The President of the Senate, Senator Abubakar Bukola Saraki on Thursday, reiterated his commitment to enacting legislation to sustain an investment-friendly atmosphere that More...

By News Investigator On Thursday, June 18th, 2015
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Fire Guts Zenith Bank Office

The Ajose Adeogun branch of Zenith Bank in Victoria Island Lagos was on Thursday gutted by fire. The fire was said to have started at the branch located at plot 87. The fire had affected one of the administrative More...

By News Investigator On Monday, May 25th, 2015
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FG, States Share N6.21 Trillion ECA In 4years, Akwa Ibom Gets Highest

Nigeria’s Minister of Finance By Sadiq Umar, Abuja. The Minister of Finance and Coordinating minister of the economy, Dr. Ngozi Okonjo-Iweala, Sunday released details how a total of N6.21 trillion Excess Crude More...

By News Investigator On Monday, May 18th, 2015
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Jonathan Fires Saratu, NIPC Boss

Fired at the last minute By Umar Sadiq, Abuja. President Goodluck Jonathan on Monday sacked the Executive Secretary of the Nigerian Investment Promotion Commission (NIPC), Mrs Saratu Altine Umar, replacing her with More...

By News Investigator On Tuesday, April 28th, 2015
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Fuel Price May Increase, As Senate Removes Subsidy From Budget 2015

In-coming president By Nuel Suji, Abuja. Indication emerged Tuesday that fuel pump price may likely hit N130 by June with the withdrawal fuel subsidy from the 2015 budget passed by the senate. The senate passed More...

By News Investigator On Tuesday, April 21st, 2015
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PRESS RELEASE: Financial Expert Eugene Ludwig Discusses Regulatory Regimes and International Banking At Capital Club

Promontory CEO explains what tough regulatory expectations mean for the region and the world Dubai, United Arab Emirates – April 21, 2015 – (ME NewsWire ) Regulatory regimes are becoming tougher around the More...

By News Investigator On Monday, April 13th, 2015
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Dangote Taps Into Cement Import Ban In Cameroon To Ramp Up Local Production

The management of the leading Pan African Cement Manufacturer, the Dangote Cement Plc has assured the government of Cameroon that it would help shore up local production of the vital product following the ban on More...

By News Investigator On Thursday, March 26th, 2015
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Yemen Unrest: Brent Crude Price Climbs To $59 Dollars Per Barrel

Nigeria’s Minister of Petroleum By Nuel Suji, Abuja. Barely 24 hours into Saudi Arabia’s military offensive in Yemen, the price of Brent crude oil rose more than four per cent towards 59 dollars a barrel More...

By News Investigator On Wednesday, March 18th, 2015
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Jonathan Appoints Ogungbesan As Acting Revenue Service Boss

Now acting Chairman FIRS By Nuel Suji, Abuja. President Goodluck Jonathan has approved the appointment of Mr. Samuel Ogungbesan as the Acting Executive Chairman of the Federal Inland Revenue Service. A statement More...

By News Investigator On Tuesday, March 3rd, 2015
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Fuel Scarcity Caused By Disruption Of Pipelines, Logistical Issues, Not Debt To Marketers -Okonjo-Iweala

Nigeria’s Minister of Finance By Nuel Suji, Abuja. The Minister of Finance, Ngozi Okonjo-Iweala, has denied that the fuel scarcity witnessed in some parts of the country was caused by non-payment of oil marketers, More...

By News Investigator On Tuesday, February 24th, 2015
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Senators Berate Okonjo-Iweala Over Poor Budget Funding, Blame Her For Economy Woes

By Nuel Suji, Abuja. Minister of Finance and Supervising Minister of the Economy Senators on Tuesday faulted the Minister of Finance and Coordinating Minister of the Economy, Dr Ngozi Okonjo – Iweala over poor More...

By News Investigator On Tuesday, February 3rd, 2015
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FG Moves To Boost Power Supply, Releases N18.26 Billion Loan To Five Power Firms

By Sadiq Umar, Abuja. The Central Bank of Nigeria (CBN) has released the sum of N18.26bn to five energy firms as part of the N213bn Nigerian Electricity Market Stabilisation Facility. The released was carried out More...

By News Investigator On Monday, February 2nd, 2015
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Business Mogul, Molade Okoya-Thomas Dies At 79

Lagos business mogul, Mr. Molade Okoya-Thomas is dead. He died on Monday at the age of 79. Vice Chancellor, Lagos State University, LASU, Prof. John Obafunwa confirmed this on Monday in Lagos, describing Okoya-Thomas More...