Category: Business
Nigerian entrepreneur and a Forbes Africa 30 Under 30 honoree Obinwanne Okeke has pleaded guilty to computer and wire fraud in an American court. He made the plea on Thursday at the Norfolk Magistrate Court Room 2 of the United States…
Former Minister of Finance, Ngozi Okonjo-Iweala, has called for the restructuring of Nigeria’s economy in the face of dwindling oil prices. Okonjo-Iweala gave the advice on Thursday Morning. According to her, Nigeria and other African countries must look at other…
The Economic and Financial Crimes Commission (EFCC) has seized the passports of airline magnate Mr. Allen Onyema pending investigation into his indictment for alleged $44.9 million wire deals and money laundering in the United States (US). His movement has also…
Allen Onyema, the Nigerian Igbo businessman who owns the country’s largest airline, was indicted by U.S. authorities on charges of fraud and money laundering. He allegedly moved “more than $20 million from Nigeria though United States bank accounts in a…
The Nigerian Customs Services (NCS) on Thursday in Aba, the commercial nerve of Abia State debunked rumours making rounds that the joint border security exercise codenamed “Exercise Swift Response” was targeted at importers and exporters of various goods from the…
Vice President Yemi Osinbajo on Wednesday at the State House Banquet Hall, Abuja, proposed a toast for the Socialist Republic of Vietnam and the Federal Republic of Nigeria. The vice president’s toast was proposed at a dinner organised in honour…
France, Italy and Germany are together preparing measures to block Facebook’s new Libra cryptocurrency from use in Europe, French Economy Minister Bruno Le Maire announced Friday. “Libra is not welcome on European soil,” Le Maire told reporters the sidelines of…
Lagos State Governor, Mr. Babajide Sanwo-Olu and his Deputy, Dr. Obafemi Hamzat on Thursday, met with Igbo market leaders from Alaba, Trade Fair axis in Lagos West senatorial district. The consultative meeting, which was at the instance of the Governor…
Nigeria’s President Muhammadu Buhari has approved the sum of N10billion for the rejuvenation of the Akanu Ibiam International Airport, Enugu State. “I have approved the sum of 10 billion Naira for an Intervention fund for the upgrade of the Akanu…
The shutdown of Nigeria’s land borders to tackle rampant food smuggling and encourage an agricultural revival in Africa’s top oil producer is having an unintended side effect: higher inflation. Annual inflation in Nigeria stood at 11.24% in September, compared with…