Business

Business: First Bank ED Lands in Trouble Over Money Laundering Allegation

Business: First Bank ED Lands in Trouble Over Money Laundering Allegation

Business, News December 16, 2018 at 1:28 pm 0 comments

The torrent of trouble appears far from receding for Mr. Lawal Dauda, First Bank’s Executive Director and APC Gubernatorial candidate in Zamfara state for allegedly helping a former Minister of Petroleum Resources, Diezani Allison-Madueke, to conceal a total of $153.3million in 2015.
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U.S Reveals Greatest Resource of Nigeria

U.S Reveals Greatest Resource of Nigeria

Business, News December 10, 2018 at 8:56 am 0 comments

The United States, U.S Ambassador to Nigeria, Amb. Stuart Symington has said that Nigerians represent the real and sustainable wealth of their country.
He said true leadership must showcase the people.
According to the News Agency of Nigeria, NAN, Symington made the remarks at the African Business Conference Plus 2018

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NCS: Customs 2018 Revenue Hits N1.1trn

NCS: Customs 2018 Revenue Hits N1.1trn

Business, News December 6, 2018 at 5:29 pm 0 comments

The Nigerian Customs Service said on Thursday that it generated N 1. 1 trillion revenue and seized contraband goods worth more than N 40 billion between January and November 2018.
The Public Relations Officer of the service , Deputy Comptroller, Joseph Attah , disclosed this to the News Agency of

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Nigerian Bank FCMB has Received $3 MIL After Sale of 9mobile

Nigerian Bank FCMB has Received $3 MIL After Sale of 9mobile

Business December 5, 2018 at 7:33 pm 0 comments

Nigerian bank FCMB said on Wednesday it had received $3 million as part of the proceeds from the sale of debt-laden telecoms firm 9mobile, which was seized by its lenders and sold to new investors.
In November, Teleology completed a takeover of 9mobile, the country’s fourth biggest operator, ending a

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Microsoft, Google Partner AcadaPlus to Boost Tech-Driven Sector

Microsoft, Google Partner AcadaPlus to Boost Tech-Driven Sector

Business, Education December 5, 2018 at 5:26 pm 0 comments

As part of efforts to improve on the quality of education in the country, a new technology software, AcadaPlus was recently unveiled to aid teaching and learning in schools.
The founders, Stephen Ovadje and Deji Mabogunje explained that the software is a premier school administration and analytics platform that offers

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Naira crashes further against dollar at parallel market

Business November 29, 2018 at 8:56 pm 0 comments

The Naira on Thursday depreciated at the parallel market, exchanging at N368 to the dollar.
The News Agency of Nigeria( NAN) reports that the Naira lost N 4, compared to N 364 traded on Wednesday, while the Pound Sterling and the Euro closed at N470 and N410 respectively.
At the

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