There are indications that ex-president Jonathan’s camp is uncomfortable with arrest of a major actor in funds transfer for his failed presidential bid..the Economic and Financial Crimes Commission arrested the Director of Finance of the Goodluck Jonathan Campaign Organisation, Senator Nenadi Usman, for allegedly receiving N2.5bn from the Central Bank of Nigeria. A top official of the EFCC, said the ...
April, 2016
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13 April
Woman Abducts Her Kids To Get Ransom From Husband
The Rivers State Police Command has arrested a woman, Mrs. Abigail Brown, for kidnapping her two children to get ransom from her husband. Brown and her husband’s former driver, identified simply as ThankGod, were said to have kidnapped Abigail’s two children and called the husband to pay a ransom to secure their release. Brown initially denied the allegation against her, ...
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4 April
Osoba Dumps Falae’s SDP, Back In APC
Former Ogun State Governor Olusegun Osoba yesterday returned to the All Progressives Congress (APC), amid applause by the leaders of the progressive bloc in the Southwest. The APC National Leader, Asiwaju Bola Tinubu, confirmed the development, saying that the veteran journalist returned to join the party leaders in the work of party consolidation. The former Lagos State governor said: “Aremo ...
March, 2016
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30 March
Diamond ,Skye Banks In Monumental Loss At NSE
Diamond Bank Plc and Skye Bank Plc led the N214bn loss recorded at the close of trading on the floor of the Nigerian Stock Exchange on Tuesday.To crown the top five losers category were Ashaka Cement Plc and Cement Company of Northern Nigeria Plc, that followed the top three losers. The NSE market capitalisation crashed to N8.694tn from N8.909tn, while ...
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10 March
CAVEAT EMPTOR :Guinness pays N11.4m fine for selling Expired product
Guinness Nigeria Plc has filed a notice to discontinue a suit it filed to challenge the N1bn fine imposed on it by the National Agency for Food and Drug Administration and Control in November last year. In a statement on Thursday, one Okey Nwachukwu said Guinness had paid N11.4m to the agency as administrative and service charges after opting to ...
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4 March
Skye Bank’s CEO Tells Manufacturers : Forget Long Terms Loan From ‘Us’
Group Managing Director/CEO of Skye Bank Plc, Timothy Oguntayo, has noted that commercial banks were not structured to provide long term funding but bridge finance, he said the Bank of Industry and NEXIM Bank should be strengthened to provide long term funding for manufacruring sector..he also called for massive investment in the manufacturing, agriculture and extractive industries for the success ...
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3 March
Ambode Inaugurates Employment Trust Fund Board, Orders Immediate Transfer Of N6.25 Billion
Lagos State Governor, Mr. Akinwunmi Ambode (2nd right); Deputy Governor, Dr. (Mrs.) Oluranti Adebule (2nd left); Chairman, Employment Trust Fund (ETF), Mrs. Ifueko Omoigui-Okauru (right) and Executive Secretary, ETF, Mr. Akintunde Oyebode (left) during their inauguration, at the Banquet Hall, Lagos House, Ikeja, on Thursday, March 03, 2016. The Governor Ambode has described the ETF as an instrument designed ...
February, 2016
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28 February
“Comedian,AY’S Wife Used Truck To Move Out “-Reporter Insists,..As Couple Reconcile
Respected,professional journalist ,Stella Dimoko Korkus has said her revelation on AY crashed marriage is very true..“Today I reported exclusively that Comedian AY Makun’s lovely wife Mabel had moved out of their Lekki home and I did not know if it was a permanent move or not….That story you can take it to the Bank and even though i tried not ...
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27 February
DMO DG Encourages Sukuk as Financing Option for 2016 Budget
The Director General of DMO, Dr. Abraham Nwankwo and his counterpart at SEC, Mounir Gwarzo have pledged to partner to ensure a deeper bond market including non-interest products such as Sukuk. Speaking when the management of SEC visited DMO in Abuja, Nwankwo stressed the importance of non-interest products, explaining that a sovereign sukuk issuance had been part of the institution’s strategic ...
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26 February
Church General Overseer Impregnates 2 Sisters
General Overseer of the Victorious Sacred Solemn Healing and Deliverance Ministry, Prophet Oluwaseyi Idowu has been arrested for allegedly impregnating two sisters. The pastor, it was gathered, also allegedly attempted to sell their father’s two-storey building without his consent. Policemen from the Oko-Oba division in Ojokoro Local Council Development Area of Lagos State stormed the church last Sunday to arrest ...