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Tuesday , 28 March 2017

Business

EFCC report indicts Saraki, aides, ex-bank MD in N19bn Paris Club scam

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The Economic and Financial Crimes Commission has submitted a report to President Muhammadu Buhari linking Senate President, Bukola Saraki, and some of his aides to the diversion of about N19bn from the N522bn Paris Club refund. The report also fingered Mr. Robert Mbonu of Melrose General Services Limited. Mbonu is a former Managing Director of Societe Generale Bank of Nigeria, ...

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Aregbesola Gets Clean Bill Of Health From ICPC

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The Independent Corrupt Practices and Other Related Offence‎s Commission (ICPC) has described the petition of the Civil Societies Coalition for the Emancipation of Osun State against Governor Rauf Aregbesola as baseless and unsubstantiated. ICPC, in a letter with reference number ICPC/INV/NGB/T.E2/003, addressed to the petitioner, Chairman, Civil Society Coalition for the Emancipation of Osun State, which was copied to the ...

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Real Reason Zenith Bank stands down decision to raise N100 billion fresh funds

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Zenith Bank has cancelled its plans to raise N100 billion ($318 million) through the sales of bonds and shares, due to the country’s weak capital markets and the struggling economy. “The request for shareholders’ approval to raise fresh capital has been withdrawn,” said Michael Anyimah, Zenith’s head of investor relations. He added that the bank had strong buffers to support ...

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Fayose says,Because of Fashola,he won’t cticise Buhari too hard again

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Ayodele Fayose, governor of Ekiti state, has promised to tone down his criticism of President Muhammadu Buhari “due to the intervention” of Babatunde Fashola. Fashola, who is the minister of power, works and housing, visited Ekiti on Thursday to inspect some projects. Promising to exercise patience with Buhari’s government, Fayose said he does not expect all developmental projects in Ekiti to ...

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Osun’s debt exaggerated- Aregbesola

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Governor of Osun, Ogbeni Rauf Aregbesola, has described as mere exaggeration the alleged heavy burden of debt hanging on the neck of the state. Aregbesola said the N165billion debt being touted as huge debt is nothing compared with the development that the state has witnessed in the last six years. A statement by the Bureau of Communication and Strategy, Office ...

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Fortune Smiles On Zenith Bank shareholders, approve N63.4b dividend

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Shareholders of Zenith Bank Plc on Wednesday approved final dividend of N55.573 billion for the year ended December 31, 2016, bringing the total payout to N63.422 billion. The dividend, which translates to N1.77 per share, was paid out of N129.65 billion recorded for the year. The shareholders gave the approval at the Annual General Meeting held in Lagos. In all, ...

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Fidelity Bank Supports Special Education Centre, Calabar.

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Fidelity Bank Plc, in its bid to strengthen educational development and enhance the health and wellbeing of students through physical recreational activities, has donated sporting facilities to the Special (Deaf & Dumb) Education Secondary School in Calabar, Cross Rivers State. The Bank under the auspices of the Fidelity Helping Hands Programme (FHHP), the multi-purpose vehicle of the Bank’s corporate social ...

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Custom Boss in Aso Rock..says why he ‘ll Snub Senate again & again

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Hameed Ali, comptroller-general of the Nigeria Customs Service (NSC), says he will not appear before the senate on Wednesday. The CG has been having a running battle with the upper legislative chamber over its policy on retroactive collection of import duty on cars as well as his refusal to wear the uniform of the CG. He was turned back last ...

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Barca Forward, Neymar Opens Up on Links with Manchester United

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Barcelona sensation Neymar has talked up a possible move to Manchester United, insisting that every player would like to work with Jose Mourinho. The Brazil international has long been linked with a switch to Old Trafford, with newspaper reports in February suggesting that United were ready to launch a £200 million bid. And Neymar has now opened the door to ...

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Lagos bans Live Band at beer parlours, Churches in trouble over voice pollution

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The Lagos State Government has banned live band music at various beer parlours, restaurants  and food joints in the state and imposed a fine of N500,000 on offenders. The government also warned religious houses to procure sound proof in order to minimise the effect of noise pollution. General Manager‎, , LASEPA, Adebola Shabi said in Lagos,  stated that it was ...

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