Revealed: MMM trapped Nigerians’N11.9bn on Dec 13, 2016
Fresh revelation from the 2016 annual report of the Nigeria Electronic Fraud Forum (NeFF) has shown that as at the time the Mavrodi Mondial Moneybox (MMM) Ponzi scheme bolted away from Nigeria on December 13, 2016, over N11.9 billion was…
Minister reveals NPA’s readiness for 24 hours operations in all 6 ports across Nigeria
Minister of Transportation, Mr. Chibuike Rotimi Ameachi has disclosed that the Federal Government has activated the Nigerian Port Authority (NPA) to immediately embark on 24 hours ports operations across the nation’s seaports. Giving the details at a trade forum between…
Tier II operators identify threats to meeting national broadband target
Core investors in Nigeria’s Tier II telecoms segments have drawn attention of the federal government to the difficulties threatening their operations, saying if not resolved as soon as possible, the multiplier effect will include derailing of the broadband plan of…
Anxiety grips hotels, banks on Lagos Airport road as FG allows state to expand road
Following Wednesday’s presidential approval granted to Lagos State to expand Muritala Mohammed International Airport (MMIA) road to 10-lane, apprehension has gripped several private investments in hotels, banks and filling stations along the 20kms road. Checks by Business Hilights on the…
Why Senate halted surreptitious sale of Port Harcourt Refinery to ENI by Minister
More revelations have emerged barely 24 hours after the Nigerian Senate halted unilateral moves by the Federal Ministry of Petroleum Resources and the Nigerian National Petroleum Corporation (NNPC) to concession the Port Harcourt Refinery to AGIP and OANDO. One of…
Nigeria’s 33 silos built with taxpayers N280bn rot away across the nation
…Reps kick as storage challenges frustrate farmers nationwide The Nigerian House of Representatives have expressed dismay at the observed abandonment of all 33 Silos built by the federal government to facilitate storage of agricultural products across the country. A silo…
Mixta Real Estate Plc Series 1 Bond listed on Nigerian Stock Exchange
L-r: Haruna Jalo-Waziri, Executive Director, Capital Markets Division, The Nigerian Stock Exchange (NSE); Arc. Eddy Eguavoen, Non-Executive Director, Mixta Real Estate (Nigeria) Plc; Oscar N. Onyema, OON, Chief Executive Officer, NSE; Hon. Justice George Oguntade (Rtd JSC), (CFR,CON),Chairman, Mixta Real…
Why presidency approved Pitan as replacement for Olagunju at Bank of Industry
Experts in Nigerian banking industry have welcomed the recent appointment of a banking professional, Mr. Olukayode Pitan to take over as the substantive managing director of Bank of Industry (BoI). Whereas Olagunju was a former media practitioner, Pitan is a…
FG raised PIPCAC to boost partnership between public, private sector operators
More details have emerged on why the Acting President, Yemi Osinbajo earlier in the week inaugurated the Presidential Industrial Policy and Competitiveness Advisory Council (PIPCAC). The Council which he, Osinbajo will serve as the Chairman had two Executive Vice chairmen….
