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The Oyo State Government on Wednesday made a major move towards industrializing the state as it finalized arrangements with three different groups of Chinese investors on the establishment of bus, car and tractor manufacturing companies. The Chinese investors included those from Shaolin Bus Manufacturing Limited, Geely International Corporation and Camaco-YTO Group which is into manufacturing of agricultural equipment. They were ... Read More »

The Group Managing Director, Nigeria National Petroleum Corporation (NNPC), Mr. Andrew Yakubu, yesterday attributed the current fuel scarcity in the country to the disruptions in the pipeline network leading to its depots. Yakubu who made this claim while answering questions from journalists after defending the agency’s 2014 budget before the Joint National Assembly Committee on Upstream Petroleum and Gas, said ... Read More »

Tragedy was averted on Tuesday as a security guard attached to a branch of First Bank Plc in Osogbo, Osun State discovered an explosive substance wrapped in a polythene bag inside the banking hall. we learnt that immediately the discovery was made, bank officials and customers were quickly evacuated from the bank. Some customers of the bank told our correspondent ... Read More »

  When it rains it pours. That’s what seems to be going on with Iyanya Mbuk. The Kukere master is living it up. The man who snagged well over N100m in endorsements in 2013 is stepping into 2014 with brands hot on his tail. Iyanya just drove out of the computer village Ikeja in a brand new Prado Jeep, 2014 ... Read More »

Business mogul and foremost philanthropist, Alhaji Aliko Dangote, is set to endow the Dangote Foundation, a foundation he set up 20 years ago, with N200 billion ($1.25 billion). This is just as the industrialist, according to the latest Forbes magazine’s rich list, marked another milestone yesterday when he became the first black man to break into the league of the ... Read More »

A Lagos High Court in Ikeja has fixed February 6 for the arraignment of a major transport firm, Cross Country Ltd, and its Chairman, Mr. Bube Okorodudu, for stealing N82.85m. They were charged along with Car Link Ltd by the Economic and Financial Crimes Commission to face nine counts of stealing, conspiracy to steal,  forgery and “uttering.” EFCC alleged that ... Read More »

The Economic and Financial Crimes Commission has arrested a legal practitioner, Barrister Ayodele Owoka, 47, over allegations of bribery. He was arrested on Thursday, February 27, 2014 at the Commission’s office in Ikoyi, Lagos as he attempted to bribe a team of operatives investigating a case of contract inflation, abuse of office, stealing, embezzlement and misappropriation of funds at the ... Read More »

    Ahead of the celebration of this year’s Global Money Week, Heritage Bank has reiterated its commitment to boosting financial literacy, especially among children in the county . The Bank stated this at the launch of its financial literacy plan in Lagos on Wednesday. The star activity of the event was the unveiling of globally acknowledged youngest celebrity interviewer, ... Read More »

A Federal High Court in Lagos on Friday fixed March 21 to hear a motion filed by the suspended  Governor of Central Bank of Nigeria, Malam Sanusi Lamido Sanusi, seeking enforcement of his fundamental right. Lamido had filed the suit through his counsel, Prof. Yemi Osibanjo (SAN), seeking an order restraining the police and officers of the State Security Service ... Read More »

The Auditor General of the Federation (AuGF), Mr. Samuel Ukura, has disclosed that 20 auditors trained in oil and gas auditing from his office are currently working on the accounts of the Nigerian National Petroleum Corporation (NNPC). Ukura disclosed this yesterday when he appeared before the House of Representatives Public Accounts Committee (PAC) to defend the 2013 and 2014 budget ... Read More »