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PORTSMOUTH are reeling after being hit by a new 10-point deduction and the threat of legal action from one of their OWN players It is the third time in four seasons Pompey — £52million in debt — have been stripped of points. And to add to their woes, club legend Kanu, 35, is planning to sue the 2008 FA Cup ... Read More »

The Nigeria Air Force has reported that an Arik Airline Boeing 737-700 with registration No 5NMJI on Saturday brushed the wing of a parked Air Force Hercules C-130 (NAF 917) at the Jos Airport. The information, contained in a statement signed by Wing Commander Adedayo Makun for Director of Public Relations and Information of the NAF, said that no casualty ... Read More »

The powerful oil marketers in the country who have been indicted in the report of the House of Reps Ad-Hoc Committee probe panel on the fuel subsidy management are  fighting very hard to discredit the report. After falling into a USD 3 Million bribe trap which has messed up his image, Hon. Farouk Lawan , the suspended Chairman of the ... Read More »

Naija hottestgist can tell you that Access Bank Risk and Compliance Director Micheal Corrigan has pleaded guilty of masterminding fraud to the tune of of 2million pounds. We gathered that the 48 years old Micheal pleaded guilty to this charge amongst others and admitted committing fraud between January and September 2010. The Banker will be sentenced on September 7th. Sources ... Read More »

Justice Adeniyi Onigbanjo of an Ikeja High Court on Monday granted permission to former Managing Director of Bank PHB (Keystone Bank), Francis Atuche, to travel to the United Kingdom for medical treatment. Onigbanjo gave the order while ruling on an application filed by Atuche’s counsel, Chief Anthony Idigbe (SAN). Idigbe had in his application on July 5 sought the leave ... Read More »

Standard Chartered has launched an international advertising campaign encompassing TV, print, outdoor and digital to reinforce the Bank’s commitment to making a positive impact on the communities in which it operates. The campaign steps up a level in Nigeria today with the broadcast of a new TV advert which illustrates how Standard Chartered’s continued support for trade has a direct ... Read More »

A popular restaurateur based in Osogbo, Osun State, Mr. Tunde Bolarinwa, has been killed by gunmen. Bolarinwa, who ran the popular Yetty Mama Restaurant on Odi-Olowo Road, Osogbo, with his wife, Yetunde, was killed by the gunmen, in the wee hours of Sunday at his Alekunwodo residence. It was gathered that the killers, who came in a white car, scaled ... Read More »

In a bid to stop infringement of its Trade marks and disturbance of its business Honeywell International Incorporation has renewed its legal battle of N20 billion suit it slammed on a Nigerian company bearing similar name, Honeywell Group. In an amended statement of claim filed before a federal high court in Lagos, southwest Nigeria, on behalf of the plaintiff, Honeywell ... Read More »

OANDO Plc has reacted over its indictment by Federal Government Technical Committee on Payment of Fuel Subsidies, saying the company was never involved in any illegal activities in all its fuel import into the country. In a statement signed by its Head of Corporate Communications, Mr. Meka Olowola, the company said: “We refer to the newspaper publications relating to the ... Read More »

  Larry Annetts, an accomplished professional with more than 16 years cognate experience gained in multinational organizations is replacing Mr Bola Akingbade as the new Chief Marketing Officer at MTN Nigeria. Akingbade effectively retires on June 30 2012. This development brings to rest months of speculations by onlookers and industry watchers on who succeeds the veteran marketer. In 2004, Annetts ... Read More »