Describing measures taken by the National Pension Commission (PENCOM) to sustain growth of the Nigerian pension industry as apt, Stanbic IBTC Pension Managers Limited has said the micro pension scheme, multi-fund investment structure and Pension account transfer window, to mention but a few, are among initiatives capable of putting the sector in stronger footing going […]
The Supreme Court on Friday ordered, Erastus Akingbola, to return to the Federal High Court, Lagos, to answer his alleged five billion Naira fraud charge. Akingbola is a former Managing Director of the defunct Intercontinental Bank Plc. Justice Tanko Muhammad, leading a five-man panel, affirmed the Feb. 20, 2015 judgment of the Court of Appeal […]
Some shareholders of Oando Plc on Wednesday cautioned its management against moves to reconcile with Ansbury Investments Incorporated, owned by Mr Gabriele Volpi. The shareholders: Pacesetters Shareholders Association, Distinct Shareholders Association and Sage Shareholders, said their objection to the reconciliatory moves was based on an ongoing investigation of Volpi for alleged money laundering by Italian […]
Thailand, the world’s second biggest sugar exporter after Brazil, has decided to cut its exports of raw sugar by at least 500,000 tons this year, as a swelling global surplus and falling prices make it less worthwhile to export it. The 500,000 tons is to be sold to local ethanol producers, as demand for the […]
Walt Disney Co.’s said “Avengers: Infinity War” will surpass $1 billion at the box office on Saturday, 11 days after its release and faster than any movie in history. The first of a two-part installment from the Marvel Entertainment franchise, featuring actors including Robert Downey Jr. and Scarlett Johansson portraying superheroes from the Marvel comic […]
After Mark Zuckerberg’s Congressional hearing, the issue of Cambridge Analytica is still being addressed. During Facebook’s F8 event that took place on May 1st, the social network shared its plans to better protect their users’ data. They will audit and restrict access to each and every app that request information from the platform. This is […]
West Africa’s infamous internet scammers have evolved, dropping their impersonations of online love interests, princes and U.S. soldiers in favour of hijacking corporate emails, costing businesses hundreds of millions of dollars a year. It is a much more lucrative venture that works by gaining access to corporate email login details or passing off almost-identical addresses […]
With the visit of President Muhammadu Buhari to the United States, the platform was provided by President Donald Trump to finalise negotiations to repatriate more than 500 million dollars (about 190 billion Naira) of Nigeria’s looted money traced to the country. Nigeria’s Attorney-General and Minister of Justice, Abubakar Malami, told the Correspondent of the News […]
The Nigerian Police Force Pensions Ltd recorded over N75.7 billion profit for the 2017 financial year. The Chairman of the NPF Pensions Ltd, retired Inspector-General of Police, Suleiman Abba, stated this on Monday in Abuja, at the NPF Pensions Ltd 4th Annual General Meeting. Suleiman said the company’s funds grew from N274.1billion to N349.8 billion, […]
What do Jeff Bezos, Michael Bloomberg, Bill Gates and the great-nephew of Walt Disney have in common? A pursuit to live longer, according to their recent spending pattern. A number of the world’s best known billionaires have been putting their personal wealth into biotech startups that work to discover the elixir of life, noticed Family […]