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Sunday , 24 June 2018

Business

$6.7M Fraud: EFCC To Arraigns Globacom Boss, May 15

The Mike Adenuga Led Globacom is still enmeshed in crises as a Special Offences court in Ikeja, has fixed May 15 for the arraignment of the Executive Director of Marketing, Globacom, Mr. Ashok lsrani and the firm for alleged advance fee of $ $6.7m fraud. The Economic and Financial Crimes Commission, EFCC, filed a one count charge against the two defendants  before Justice A.O Williams. ...

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Coronation Merchant Bank Group records 66% growth in Gross Earnings for 2017 FY

  Coronation Merchant Bank Limited (‘CORONATION MB); Nigeria’s leading merchant banking brand, announced its 2017Full Year Results to stakeholders at its Annual General Meeting held in Lagos, in which the Bank posted a Profit Before Tax of N5.1billion. Speaking at the AGM, Abu Jimoh, Group Managing Director/CEO of Coronation Merchant Bank Limited said that, “despite the tough market conditions that characterized significant ...

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Coronation Merchant Bank Group records 66% growth in Gross Earnings for 2017 FY

  Coronation Merchant Bank Limited (‘CORONATION MB); Nigeria’s leading merchant banking brand, announced its 2017Full Year Results to stakeholders at its Annual General Meeting held in Lagos, in which the Bank posted a Profit Before Tax of N5.1billion. Speaking at the AGM, Abu Jimoh, Group Managing Director/CEO of Coronation Merchant Bank Limited said that, “despite the tough market conditions that characterized significant ...

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Adeosun reassigns portfolios in SEC, as Mary Uduk takes over as Acting DG

  The Honourable Minister of Finance, Mrs. Kemi Adeosun, on Friday approved the reassignment of portfolios in the Securities and Exchange Commission (SEC). 2.  Ms. Mary Uduk will assume the position of Acting Director-General of the Commission. Uduk’s appointment is governed by the provisions of the Investments and Securities Act (ISA), 2007 and the conditions of service applicable to the Director-General ...

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Jumia Suffered N53 Billion Loss In 2017

Despite several cuts and tweaks to its business model and structure, it appears all is not still well with Jumia. This is because, after two years of pressure and record losses, Jumia said it losses rose beyond forecast for the full year 2017 Jumia, Africa’s largest eCommerce company said it made a net loss of N53.3 billion for the full ...

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​Nollytainment CEO, Ope Banwo to speak at Crypto Winners conference in Dallas

The convener of Nollytainment, Ope Banwo along side Other Blockchain Project Executives are billed to Speak At The Dallas Crypto Event on Saturday, April 14th @ Wyndham Dallas Suites, 7800 Alpha Road. Dallas, TX from 11.00am — 4.00pm   Others scheduled to join Seth Knapp of TokenAI And Emmanuel of Crypto Forex Institute, For Cryptocurrency Maximization Event At Wyndham Dallas ...

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Shocking! Police discovers illlegal brewery in Ikorodu, Arrests Suspects

    Five suspects operating an illegal brewery in the Ikorodu area of Lagos have been arrested by the State Police Command. The illegal brewery was discovered to be producing fake malt and stout beverages.   Police say they discovered that the illegal brewery produced malt drinks, stout and ethanol, which the suspects pump into trucks to bottle at another location. ...

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Confusion as NSE contradicts self on Oando’s technical suspension

  Less than 24 hours after lifting the six-month old technical suspension it placed on the shares of leading energy company, Oando Plc, the Nigerian Stock Exchange (NSE) on Wednesday contradicted itself by reversing the earlier announcement lifting the suspension. The NSE had disclosed in a notice, Tuesday, that the decision to lift the technical suspension was based on a ...

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‘We are not indebted’ – Medview Airline debunks debt burden report

  The Nigerian air carrier, Medview Airline, has reacted to a report that it is heavily indebted and its structure is crumbling. The airline said the report is false. A statement by the airline’s Chief Operating Officer, Michael Ajigbotosho, said the four aircraft in its fleet are wholly owned by Medview Airline Plc, and not leased as being reported. Online ...

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