Category: Business

Ex-bank MD bags 19 years for N29m fraud

Federal High Court in Lagos on Friday sentenced a former acting managing director of Century Microfinance Bank Limited, Olise Robinson, to 19 years imprisonment for...

FIRS generates N5trn revenue

The Federal Inland Revenue Service (FIRS) generated N5 trillion in the second week of this month. It said by the end of this year, it would have generated N5.3 trillion...

Buhari thanks Swiss govt for returning $322.5m

President Muhammadu Buhari, on Tuesday, expressed his gratitude to Switzerland for returning funds stolen by corrupt government officials to Nigeria. He said Nigeria was...

Oil marketers suspend planned strike, oppose part payments

The Depot and Petroleum Products Marketers Association (DAPPMA) has suspended its planned shutdown of depots nationwide. The decision was contained in a statement issued...

Osinbajo – FG to float People’s Money Bank next year

The Federal Government yesterday said it would float People’s Money Bank in the country next year. It added that the bank, when established, will have branches in all...

LASG presents cheques to over 2,000 beneficiaries of LSETF

Over 2,000 Lagosians on Monday benefited from the Lagos State Employment Trust Fund (LSETF), as they were presented with cheques ranging from N200,000 to over N500,000...

FAAN to divert flights to E Wing tomorrow

The Federal Airports Authority of Nigeria is to divert all flights operations from the “D” Wing of the Murtala Muhammed International Airport, Lagos to the “E”...

Farouk Lawan demanded $500,000 bribe, Otedola tells court

Businessman, Femi Otedola, on Wednesday, revealed that a former House of Representatives member, Farouk Lawan, demanded a $500,000 bribe from him to remove his company,...

MF warns Nigeria on debt service

The International Monetary Fund (IMF) has cautioned the Federal Government  to be mindful of the country’s rising debt service to revenue ratio and take steps to...

Financial expert foresees stock market rebounding after 2019 elections

A financial expert, Prof. Uche Uwaleke, on Wednesday expressed optimism that the Nigerian stock market would rebound by the second quarter of 2019. Uwaleke, Head of...