The Nigerian Government, through the Securities and Exchange Commission (SEC), has sealed up the premises of Yuan Dong (YDEC) Ponzi scheme for unacceptable investment operations in the country. The Head, Corporate Communication of SEC, Mr Naif Abdussalam, in a statement on Sunday in Abuja, said the closure was to end unlawful activities of the company […]
Fidelity Bank Plc., one of the country’s leading financial institutions, has pledged to support ongoing efforts aimed at strengthening Nigeria’s agricultural value-chain by providing innovative funding schemes and technical advisory services to Micro Small and Medium Scale Enterprises (MSMEs) and Commercial agribusiness projects. The Bank’s Head, Agric Division, Omobola Odubanjo, disclosed this in Lagos on […]
The Secretary-General of the Organisation of Petroleum Exporting Countries (OPEC), Dr Mohammad Barkindo, has arrived in Nigeria on Sunday to begin a four-day working visit. Barkindo, who is also in the country for the 16th Nigeria Oil and Gas Conference and Exhibition (NOG), will be meeting with Acting President Yemi Osinbajo, Minister of State Petroleum […]
By Chima Nwafo The Innjoo Leap Mobile, a Dubai-based telecommunications company, in conjunction with Technology Distributions Ltd., a sister company of Zinox Technologies, has introduced to the West Africa market what is described as the “world’s slimmest laptop: Light, thin and stylish.” Reacting to the slim, style and thin feature, as well as the soft […]
The office of MTN Nigeria located in Abuja, the Nigerian capital, was invaded on Thursday afternoon by a group of angry Nigerians protesting the continued Xenophobic attacks on their fellow countrymen and other Africans in South Africa, the home country of the telecoms giant. A senior manager in the MTN Abuja Office located in the […]
Sequel to its promise to ease the difficulties encountered by Nigerians in obtaining funds for Foreign Exchange transactions, the Central Bank of Nigeria (CBN) on Tuesday, carried out wholesale interventions in the interbank Forex market by providing a total sum of $370,810,810.79 to 23 banks to meet the visible and inviable requests of customers. A […]
A total of 19 academics from different universities in Nigeria have begun research attachments in several fields of study in the latest phase of the sabbatical and internship programme of The Shell Petroleum Development Company Nigeria Limited (SPDC) Joint Venture, which was introduced in 1980. The eight professors and 11 research interns commenced their programmes […]
Holy Child Secondary School, Isuofia, Anambra State, has named their magnificent classroom block after the former Gov. of Anambra State, Mr. Peter Obi, as part of their 20th year anniversary celebration. Speaking during the event, the Manager of the School, Rev. Fr. Julian Anaetoh, said the gesture was in recognition of Obi’s monumental achievements in […]
The Enugu State Board of Internal Revenue has sealed off eight banks in the metropolis, for failure to remit about 1Billion Naira tax to the government. The exercise started on Monday morning at about 5:30am, and has affected Access Bank PLC, Stanbic IBTC Bank, Skye Bank, Union Bank, Unity Bank, Heritage Bank, Keystone Bank and […]
Mr. Goodie Ibru has resigned as chairman of Ikeja Hotels Plc. His resignation came barely two months after a judge in Abuja backed up his claim as the chairman of the hotel group, amidst a rancorous family dispute, involving Maiden Ibru, the wife of the late younger brother, Alex Ibru. Goodie Ibru, recipient of the […]