Sinopec probed by the U.S. over Nigeria payments
Sinopec probed by the over Nigeria payments authorities are investigating China Petroleum & Chemical Corp. over allegations that the state-controlled oil producer paid Nigerian officials about $100 million worth…
UBA applies for UK banking licence, provides for N38bn 9mobile loan
UBA applies for UK banking licence, provides for N38bn 9mobile loan THE management of United Bank for Africa Plc, has said that it had applied to the Financial Services…
EFCC Recovered N409bn, $69.5m in eight months – Magu
EFCC Recovered N409bn, $ in eight months – Magu THE Economic and Financial Crimes Commission (EFCC) says it has recovered about N409 billion and secured 137 convictions nationwide between…
Allianz buys Nigerian insurer for $35 mln in African push
Allianz buys Nigerian insurer for $35 mln in African push GERMANY’S Allianz plans to pay $35 million for 98 percent stake in Nigerian insurer Ensure Insurance in a push…
Access Bank provides N4bn impairment on 9mobile loan
Access Bank provides N4bn impairment on 9mobile loan ACCESS Bank said on Wednesday it had booked a N4 billion impairment on its loan to troubled telecoms firm 9mobile, formerly…
FEC okays $5.8bn contract for Mambilla power project
FEC okays $ contract for Mambilla power project The Federal Executive Council (FEC) meeting on Wednesday approved an engineering contract worth $ billion for the Mambilla Hydro Electric Power…
Fidelity Bank posts impressive audited half year results as profits soar by 66% to N10.2bn
Fidelity Bank posts impressive audited half year results as profits soar by 66% to Fidelity Bank recorded a very strong financial performance in the first half of 2017, posting…
FG begins probe of contractors tax records
FG begins probe of contractors tax records AS part of efforts to improve tax compliance levels, the Federal Government has commenced reviewing the tax compliance records of all contractors…
Osinbajo commissions BUA Group’s $1bn ultramodern cement factory in Okpella
Osinbajo commissions BUA Group's $1bn ultramodern cement factory in Okpella BUA Group, has unveiled its 1billion dollars Obu Cement factory in Okpella, Edo state at a commissioning ceremony performed…
Alleged billionaire kidnapper Evans pleads guilty in court
Alleged billionaire kidnapper Evans pleads guilty in court THE suspected billionaire kidnapper, Chukwudumeme Onwuamadike, popularly known as Evans, has pleaded guilty to conspiracy and kidnapping before a judge of the…