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All posts tagged "featured"

  • Goodluck Jonathan
    President Jonathan Reconstitutes NNPC Board

    President Goodluck Jonathan has reconstituted the board of the Nigerian National Petroleum Corporation (NNPC) after it had been disbanded for several years. The new board is chaired by the Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, and...

    • Posted July 17, 2012
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  • Pension Fraud Suspects
    N 33 billion Pension Fraud: Court Orders 45 Mansions Seized, Bank Accounts Frozen

    Chief Judge of the Federal Capital Territory, Justice Lawal H. Gumi, Justice Lawal Gumi has granted the Economic and Financial Crimes Commission (EFCC) an interim order to seize 45 mansions belonging to former civil servants who are...

    • Posted July 17, 2012
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  • oil spill
    Bonga Oil Spill: FG Orders Shell to Cough Up $ 5 Billion Fine

    The Federal government has fined Shell Nigeria Exploration and Production Company (SNEPCO) $ 5 billion for spilling oil at Bonga late last year. The oil spill affected communities, waterways and the coast. Shell has been accused by...

    • Posted July 17, 2012
    • 0
  • dollars-n-nigeria-naira-cash
    Naira falls as CBN fails to meet Dollar demand

    The naira depreciated after the Central Bank of Nigeria failed to meet accumulated demand for dollars at an auction today, having sold the lowest amount of the U.S. currency in more than two months last week. The currency of Africa’s...

    • Posted July 16, 2012
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  • Skye Bank's Management Team
    Q2, 2012 Earnings: Skye’s Net Income Soars to N 8.1 billion

    Skye Bank, one of Nigeria’s mid-tier banks, transmitted its Q2, 2012 earnings to the Nigerian Stock Exchange today. The company reported gross earnings of N 59.65 billion, up 22% from N 48.9 billion over the same period...

    • Posted July 16, 2012
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  • Alhaji-Aliko-Dangote
    Is Dangote Group really Divesting from Food Business?

    The Dangote Group is one of Africa and indeed the world’s most formidable companies. Alhaji Aliko Dangote, after making his money from trade, delved into manufacturing and now sources close to the businessman claim agriculture is his...

    • Posted July 16, 2012
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  • Dollars
    Corporate Nigeria’s Top Forex Consumers, Buy $ 1.8 bn from CBN in Q1

    The Central Bank of Nigeria (CBN) sells foreign exchange bi-weekly through its Wholesale Dutch Auction System (WDAS), the biggest forex market in Nigeria. Corporate Nigeria patronizes the CBN auction on order to trade Naira for Dollars needed...

    • Posted July 16, 2012
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  • Christo Wiese
    Shoprite Billionaire Busted Smuggling $1 million Cash

    Meet Christo Wiese. The 70-year-old is South Africa’s third richest person, worth $3.1 billion thanks to his shares in the African continent’s biggest retailer, low-price supermarket chain Shoprite. Wiese’s travel woes couldn’t be further from the quotidian vanishing...

    • Posted July 15, 2012
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  • Ladi Delano
    Ladi Delano of Bakrie Delano Group speaks about opportunities in Nigerian market

    One of Indonesia’s biggest conglomerates, Bakrie Group, last year partnered with British-Nigerian entrepreneur Ladi Delano to form Bakrie Delano Africa (BDA) with the intention of investing $1 billion in Nigeria over the next five years. How we...

    • Posted July 15, 2012
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  • Isabel dos Santos is the president of Angola's daughter
    Africa’s richest woman and her fabulous wealth

    Isabel dos Santos (pictured), the eldest daughter of Angola’s President, Jose Eduardo dos Santos, is now considered to be the most powerful and richest woman in her country and on the continent, possessing  legit nine-figure fortunes.Isabel is...

    • Posted July 15, 2012
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