News

Lagos, Nigeria, 15May 2017: Mr. Ike Onyia has been appointed Managing Director/CEOof FBN Capital Asset Management, a part of FBN Holdings Plc’s Merchant Banking&Asset Management Group. Mr. Onyia joins the firmwith over 20 years’ experience in investment management and advisory.Prior to his appointment, he served as Managing Director of Fiducia Capital, …

Etisalat Nigeria is in crisis. The telecommunications company has lost over 2.9 million subscribers in the last two quarters. We gathered that as of September 2016, there were 22.5 million active subscribers on the network but the figure dropped to 20.8 million by December, 2016. This means a loss of …

The Ooni of Ife, Oba Adeyeye Enitan Ogunwusi, Ojaja II The Ooni of Ife, Oba Adeyeye Ogunwusi, has declared that he will not disrespect the Oba of Lagos, Oba Rilwan Akiolu, despite the snubbing he received from the Lagos monarch at a public function on Tuesday. But Ogunwusi, who insisted …

The Economic and Financial Crimes Commission, EFCC, Tuesday arraigned Dr. Fortunate Fiberesima, a former Chief Executive Officer, State House Medical Centre, Abuja before Justice Peter. O. Affen of the Federal Capital Territory High Court sitting in Maitama, Abuja on a 6-count charge of money Laundering. Fiberesima, was alleged to have …

A Lagos-based lawyer, Mrs. Blessing Titty Ahmed, has petitioned the Lagos State Commissioner of Police, Mr. Fatai Owoseni, over alleged assault and threat to her life. In the petition written on her behalf by Simeon Atunbi of Blue Diamond Law Firm, Ahmed accused a woman, Mrs. Jerry Okoh, of assaulting …

As part of its regular business portfolio review, Dangote Flour Mills (DFM), has exited its noodles business as it does not consider it strategic. The company has sold the assets of Dangote Noodles to Dufil Prima Foods, makers of Indomie noodles. To smoothen the transition, DFM has offered Dufil the …

Bishop Chris Kwakpovwee A blackmailer who claims to be a journalist has landed in Kirikiri Maximum Prison attempting to extort money from a popular clergy in Lagos through blackmail. Ohio Ojeagbase, 38, walked into the net of the Federal Special Anti-Robbery Squad, SARS, after perfecting his extortion plot on Bishop (Dr.) …

Babatunde Fowler THE House of Representatives Committee on Public Petitions has summoned Executive Chairman of Federal Inland Revenue Service, FIRS, Mr Tunde Fowler, and officials of the Department of Petroleum Resources, DPR, to give account of how Nigeria recorded a loss of $50 billion through false accounting from 2004 till …

The Senior Special Assistant to the President on Diaspora Affairs, Abike Dabiri-Erewa, has revealed that the German embassy in Nigeria has intimated her office of plans to repatriate at least 12,000 Nigerian asylum seekers from the European country. Speaking in Lagos on Tuesday during the public presentation of two books …

As a sigh of absolute confidence in the Management of the technology-driven new bank; SunTrust Bank, its customers increased deposits in the bank by a whopping 432 per cent, making it possible for the bank to declare an impressive profit before tax of N343 million, an increase of 160.3 per cent over the N131.9million …