EFCC reopens Erastus Akingbola’s 10-year-old trial
The Economic and Financial Crimes Commission has reopened the 10-year-old fraud trial of a former Managing Director of the defunct Intercontinental Bank Plc, Dr Erastus Akingbola. Read more
The Economic and Financial Crimes Commission has reopened the 10-year-old fraud trial of a former Managing Director of the defunct Intercontinental Bank Plc, Dr Erastus Akingbola. Read more
Ten companies, led by Dangote Cement Plc, account for 71 per cent of the market capitalisation of the equities listed on the Nigerian Stock Exchange (NSE), THISDAY investigation has shown. Read more
Access Bank Plc has officially reacted to reports making the rounds in the media that its Managing Director/Chief Executive Officer, Herbert Wigwe and other top officials of the bank were slammed with a N2.5 billion suit bordering on stealing and others. Read more
The shareholders of Vitafoam Nigeria Plc have approved the payment of N260.51m dividend for the 2018 financial year, which translates to a dividend of 25 kobo per ordinary share. Read more
An economic and financial analyst, Mr David Ibidapo, says the amount spent on importation of textiles and garments into Nigeria can fund more than half of the nation’s budget deficit. Read more
Meristem Securities Limited and Nigerian Stock Exchange (NSE) have developed two new indices that will further enable investors and investment experts to track the performance of certain categories of stocks. Read more
Once the pride of the nation in the early 1970s and 1980s and major foreign exchange earner, the cotton, textile and garment (CTG) subsector of the economy had been in shambles since the advent of crude oil and now unable to make any meaningful contribution to economic growth. |Read more
Rights group, the United Action Towards Building Institutions in Nigeria (UATBIN) has decried that various interventions the Central Bank of Nigeria, CBN, had released to the real sector between 2014 and 2019 had not yielded the desired results despite billions of naira expended. Read more
Nigeria, Africa’s top oil producer, pumped more crude oil in February than the quota given by the Organisation of Petroleum Exporting Countries, a new survey has shown. Read more
Absa Group Ltd. has overhauled the executive management of its corporate and investment banking unit as part of an ongoing group-wide revamp to draw more revenue from operations in Africa. Read more
The Nigeria Employers’ Consultative Association has commended the Central Bank of Nigeria for reportedly banning the sale of forex to importers of textile materials. Read more
The President, Dangote Industries Limited, Alhaji Aliko Dangote, has said Dangote Cement’s exports to other African countries are targeted to rise to $600m annually. Read more
The Nigerian Ports Authority (NPA) says it is expecting 36 ships carrying petroleum products, food and other goods to berth at the Apapa and Tin Can Island Ports from March 6 to March 21. Read more
The Central Bank of Nigeria (CBN) has reiterated its plans to ensure that 80 per cent of Nigerians are captured in the financial equation of Nigeria by 2020. Read more
Shareholders of Access Bank Plc and Diamond Bank Plc on Tuesday unanimously approved the merger of both financial institutions aimed at creating a formidable force. Read more
The Nigerian National Petroleum Corporation (NNPC) yesterday disclosed that it has recovered assets worth over N771million from some marketers, who had under-paid for petroleum products supplied to them from Petroleum Products Marketing Company (PPMC) Kaduna Depot. Read more
Dr. Bala Magaji holds degrees in economics, banking and management (BSc – Econs, MSc – Banking and Finance, and PhD – Management). He worked in several banking institutions for about a decade and rose to be a senior manager before setting up shop as a financial and management consultant to many public as well as […]
Toki Mabogunje is a business consultant interested in the growth of small and medium enterprises on the African continent.Toki Mabogunje has a degree in Law from the University of Ife, now Obafemi Awolowo University Nigeria, an LLM in International Business Law from the University of Exeter, England, Executive Management Training in Strategic Organization and Management […]
Described by a leading African newsweekly as “a leading member of the new generation of African legal minds” by Oxford University’s Ike Okonta as “one of Africa’s leading human rights lawyers”, Chidi Anselm Odinkalu heads the Africa Programme of the Open Society Justice Initiative and is the immediate past chairman of the National Human Rights […]
Osaro is one of the Founding Partners of Perchstone & Graeys. He is also the Managing Partner of the firm and currently leads its Dispute Resolution and Banking & Finance Group. He was admitted to practice in England and Wales in 1989 and later admitted to practice in Nigeria in 1991. He is renowned for […]