Yearly Archives: 2016

I wanted N8bn but got only N800m from PDP – Fani Kayode

Fani Kayode Femi Fani-Kayode, a former Minister of aviation and Spokesman of the presidential campaign of former President Goodluck Jonathan has revealed that he only got N800 million, being 10 per cent of his demands, for running the presidential campaign of the Peoples Democratic Party (PDP). He declared that the …

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Saraki reconciles Remi Tinubu and Dino Melaye

Reconciliation is under way between the APC Senator representing Lagos Central, Senator Oluremi Tinubu and her colleague, Senator Dino Melaye (APC, Kogi West) following the intervention of  Senate President, Bukola Saraki. Elombah.com learnt that Saraki met with both Tinubu and Melaye separately for a period of two hours each to …

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Fidelity Bank wins Best Green Partner 2015 Award

Fidelity Bank Plc, one of the country’s most diversified financial institutions has been adjudged the “Best Green Partner 2015” by the Lagos State Government at the recently concluded 2016 Tree Planting Day. The organisers of the event said that Fidelity Bank was given the award in recognition of the Bank’s …

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Nigeria banks groan over breakdown in correspondent Banking

ABOVE PHOTO: Christine Lagarde, managing director of the International Monetary Fund, at a press conference at the Treasury in London in May. PHOTO: ZUMA PRESS Costly regulations and business preferences are causing Western banks to terminate or suspend correspondent banking relationships with smaller foreign jurisdictions. According to the IMF said …

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Buhari’s wife sues Fayose over Halliburton allegation

Aisha-Buhari The wife of President Muhammadu Buhari, Aisha, has sued the Ekiti State Governor, Ayo Fayose, for alleging that she was indicted in the Halliburton multi-million dollar scandal. The governor claimed that Aisha Buhari was named in a document that stated she was one of those indicted in the celebrated …

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AMCON; AHMED KURU, M.R.S AND A CRAZY WIND-DOWN MOVE

The Asset Management Corporation of  Nigeria, under Ahmed Kuru appears to be fast losing grip of its mandate, which is to help businesses recover rather than  destroy them. It just has announced it had initiated steps to wind down MRS Holdings Limited over its inability offset its N81bn debt. Another …

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