Former Premier League soccer player Dickson Etuhu was found not guilty by a Swedish court on Thursday of attempting to fix the result of a 2017 league match between IFK Gothenburg and his former club, Stockholm’s AIK. Etuhu was charged with trying to bribe his former AIK team mate, goalkeeper Kenny Stamatopoulos, to fix the […]
Royal Dutch Shell has concluded that a Nigerian oilfield sale where it suspects an executive took bribes was not linked to a separate court case in which he and Shell face corruption charges over a $1.1 billion offshore acquisition. The Anglo-Dutch company filed a criminal complaint in March against Peter Robinson, a former vice president […]
The Russian government has asked Italy to be “reasonable” over a Russian citizen caught up in a Nigerian graft case in Milan and drop the charges against him, according to legal documents seen by Reuters. Ednan Tofik ogly Agaev, a former Russian ambassador in Colombia, is charged with international corruption in a case revolving around […]
The Independent Petroleum Marketers Association of Nigeria (IPMAN) says strike threat by some oil marketers over lingering fuel subsidy debts is act of sabotage. IPMAN shuts down Anambra It also said in a statement by its National Secretary, Alhaji Danladi Pasali, in Abuja on Wednesday, that the threat was an attempt to disrupt the relative […]
ExxonMobil (NYSE: XOM) and its partners Hess (NYSE: HES) and China’s CNOOC have found a treasure trove of oil off the shore of Guyana over the past four years. The companies recently unveiled the 10th discovery on their jointly held acreage position, which they now believe contains more than 5 billion barrels of recoverable oil. […]
Analysts linked the poor performance to a combination of weak and mixed third quarter earnings, made worse by dwindling macro-economic indices that confirmed a slowdown reflected in the composite indices of the Nigerian Stock Exchange (NSE) for the month. Again, the Nigerian equity market was characterised by weak performances in November, which extended the downtrend […]
The Chartered Institute of Bankers of Nigeria (CIBN) says it is encouraging Nigerians abroad to contribute to the development of the country’s economy, as part of its advocacy programmes. The president of the institut, Uche Olowu, said this while speaking about some of the initiatives of the CIBN during the 53rd Annual Bankers Dinner in […]
Nigerian bank FCMB said on Wednesday it had received $3 million as part of the proceeds from the sale of debt-laden telecoms firm 9mobile, which was seized by its lenders and sold to new investors. In November, Teleology completed a takeover of 9mobile, the country’s fourth biggest operator, ending a long bidding process for the […]
U.S. President Donald Trump on Wednesday called on the Organization of the Petroleum Exporting Countries and its allies not to cut oil production next year, saying it would trigger higher oil prices worldwide. “Hopefully OPEC will be keeping oil flows as is, not restricted. The World does not want to see, or need, higher oil […]
President Muhammadu Buhari will on Friday preside over a `Special’ Federal Executive Council meeting to deliberate solely on 2019 draft budget proposal. Mr Femi Adesina, the Special Adviser to the President on Media and Publicity, revealed this when he briefed State House correspondents at the end of the Council’s meeting. The News Agency of Nigeria […]