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All posts tagged "head"

  • ‘AMCON is Beneficiary of London Court Ruling Against Akingbola’, says Access Bank

    The Asset Management Corporation of Nigeria (AMCON) will be the beneficiary of the $1.02 billion London Court ruling against Erastus Akingbola,  former Intercontinental Bank chief. Access Bank said it assumed all claims in litigation against Akingbola instituted...

    • Posted August 3, 2012
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  • Presidential Aide Stands as Surety for Subsidy Fraud Suspects

    The Senior Special Assistant to the Governor on intergovernmental relations, Mrs. Mariam Ali, has volunteered herself to be the surety of one of the subsidy suspects, Mr. Christian Taylor. Mrs. Ali, also happens to be the wife...

    • Posted August 2, 2012
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  • Nigerian Stock Exchange Watch: Bulls Take Off in August as ASI Gains 1.16%

    The Nigerian Stock Exchange had a bright start to the new month as the bulls took off in today’s trading causing the bourse to ascend by 1.16%. A healthy uptick in the price of Dangote Cement (+3.51%)...

    • Posted August 1, 2012
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  • Senate Threatens to Arrest Finance Minister on Budget Implementation

    The Senate was unable to hold back its displeasure over the failure of the Finance minister to honour their invitation over the investigation it is conducting on budget implementation. The Minister who is attending an investment forum...

    • Posted August 1, 2012
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  • Akingbola Fined $1.02 billion as London Court Rules in Access Bank Suit

    Access Bank Plc (ACCESS) of Nigeria won a 653 million-pound ($1.02 billion) fraud lawsuit in Britain against Erastus Akingbola, the former chief executive officer of bailed- out Intercontinental Bank Plc, which it acquired last year. Akingbola is liable for directing...

    • Posted July 31, 2012
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  • EFCC Arraigns More Subsidy Scam Suspects

    The Economic and Financial Crimes Commission (EFCC) yesterday arraigned the trio of Oluwaseun Ogunbambo, Habila Theck and Fago Petroleum and Gas Limited, before Justice Adeniyi Onibanjo of the Lagos High Court in Ikeja. The defendants were arraigned on...

    • Posted July 31, 2012
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  • Access Bank Eurobond Oversubscribed by $150 million

    Access Bank’s Eurobond offering of US$350,000,000 Senior Notes due 2017 – The Bank notified The Exchange that it has successfully concluded the Access Bank debut Eurobond issue which was launched last week after a roadshow in Europe...

    • Posted July 30, 2012
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  • Aviation Sector in a State of Emergency, Needs another N500 billion

    The investigative panel set up by the Minister of Aviation, Mrs. Stella Oduah, has asked the Federal Government to declare a state of emergency in the aviation sector in order to rescue it from its current state...

    • Posted July 30, 2012
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  • THE SMILING FACES OF THE SUBSIDY SUSPECTS

    The chickens are finally coming home to roost. The twilight song when the sun recedes towards the swallowing ground is about to signal the end of a saga. The era when the word ‘cabal’ became a buzz...

    • Posted July 29, 2012
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  • Pirates kill Eni oil worker in Bayelsa

    Pirates killed at least one oil worker in an attack on a boat owned by Italian energy firm Eni’s local subsidiary Agip in Nigeria’s Niger Delta on Friday, the military said. “The boat conveying some staff of...

    • Posted July 28, 2012
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