The Court of Appeal in Lagos, on Wednesday, struck out a N47.1 billion theft charge against former Managing Director of Intercontinental Bank Plc, Erastus Akingbola. Akingbola was charged by the Economic and Financial Crimes Commission (EFCC) alongside Bayo Dada, General Manager of Probics Securities Ltd, before a Lagos High Court in Ikeja. They were charged on 22 counts bordering on ... Read More »
Lagos, Nigeria; 31st December, 2014: French phone brand, Wiko Mobile, has affirmed that its range of 11 phones launched in the Nigerian market are certified not only by the National Communication Commission (NCC) but also by international regulators. NCC granted “Type Approval” for the various ranges of Wiko phones to operate as terminal equipment in the Nigerian telecommunications network. Engr. ... Read More »
The widely published comment by Governor Adams Oshiomhole alleging that $30 billion is missing from the Excess Crude Account is shocking and totally untrue, Coordinating Minister for the Economy and Minister of Finance, Dr. Nozi Okonjo-Iweala, has said. “The comments reflect, once again, the unfortunate tendency of some political players to politicize the management of the economy on the basis ... Read More »
Mulk Holdings, the UAE based multinational conglomerate with diversified business interests, has announced that it’s entering into global retail segment by investing US$ 40 million in developing a landmark Duty Free shopping center in Lagos, Nigeria. The company has signed a contract with leading global retailer Suzanne Group for developing the Duty Free shopping center at the prestigious National Theatre ... Read More »
On Tuesday, December 9, 2014, there was a fire incident at our commercial property, Mansard Place located at Plot 927/928, Bishop Aboyade Cole Street, Victoria Island, Lagos. Eye witness accounts suggest that a combustion accident on an articulated truck making a regular delivery of diesel to the property started the fire. The ensuing flames affected part of the exterior cladding ... Read More »
Al-Hikmah University Ilorin has launched an unusual partnership with phinnx.com to computerize their learning and collaboration needs. As part of this partnership, Phinnx.com has deployed her facilities to computerize Assignment processing, Anti-plagiarism, Course Material distribution, Course and Assignment discussion threads, Enterprise search system, Browser-based video conferencing, Illustrator tool, Instant messenger, among other interesting features. Students and members of staff of ... Read More »
Twenty-eight Nigerians graduated from a pilot of the Lagos Garages programme, powered by General Electric (GE). For over six weeks, the graduates were trained on product development, entrepreneurship, sales and marketing as well as the latest manufacturing technologies to enable innovation through rapid prototyping. The programme is dedicated to accelerating the impact of Nigeria’s most promising entrepreneurs. GE and Dangote ... Read More »
Kwara State Governor, Dr Abdulfatah Ahmed has sympathized with the passengers of the Overland airline that was involved in a minor accident on the runway of the Ilorin International Airport at the weekend. Governor Ahmed in a statement issued by his Chief Press Secretary, Alhaji Abdulwahab Oba, said the incident was unfortunate, adding, however, that it was gratifying that the ... Read More »
The current oil price dip is temporary and crude will return to $100 a barrel by mid-2015 Attempting to forecast the oil price is a mug’s game. But that hasn’t stopped me in the past (ahem!) The reality is that crude is so important to modern life, and the path of the global economy, that for all the pitfalls of ... Read More »
Guaranty Trust Bank plc wins “Best Bank in Nigeria for 2014” by The Banker Magazine (a publication of The Financial Times) for promoting industry-wide excellence in Global Banking Ethics and adherence to the highest corporate governance standards. The prestigious award ceremony which held on Thursday November 27th, 2014 at Intercontinental Hotel, Park Lane, London had in attendance more than 350 ... Read More »
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