Operating costliest ports in W’Africa pushing importers to neighbours—Bello
The Executive Secretary of Nigerian Shippers Council (NSC), Barr Hassan Bello, has opened up on reasons why neighbouring ports have been attracting key Nigerian import business and shipping vessels. Speaking in Abuja in an interview, he said part of the…
Two Discos promoting estimated billing than prepaid meters identified
Two Nigerian electricity Distribution Companies (Discos), the Eko Electricity Distribution Company (Eko Disco) in Lagos and the Enugu Electricity Distribution Company (EEDC), have been identified by their numerous customers as deliberately frustrating the intention of the government in metering consumers….
Dangote Refinery most visited private project by FG officials in 2019—BHIU
A month-by-month analysis of walking visits by top Federal Government officials throughout 2019 has shown that rather than a government project, Dangote Refinery, a private sector driven multibillion dollar scheme was most visited by officials of the Federal Government with…
Last lap of land reclamation for Eko Atlantic City to end in 2023—Developer
Though it started since 2006 under the administration of former Governor Bola Ahmed Tinubu, the final lap of sand-filling scheme on the massive over 10 square kilometres Atlantic Ocean front on Ahmadu Bello Way, Victoria Island will be delivered at…
Can CBN recover Polaris Bank’s N786bn taxpayers’ money bailout this year?
Fresh signal has emerged from the Central Bank of Nigeria (CBN) suggesting that chances are that the N786bn ($2.2bn) bailout fund given to former Skye Bank, now Polaris Bank may go the way of the controversial $7bn it ‘dashed’ to…
Drop in banks’ ‘free earnings’ causing aggressive drive for retail customers— KPMG
Leading banking intelligence group, KPMG Nigeria, in its 2019 Nigeria Banking Industry Customer Experience Survey (CES), has opened up on why commercial banks in Nigeria have continued endless promotions targeting retail customers throughout 2019. In its CES released in Lagos,…
Amaifeke-Orlu born banking wizkid, Alawuba now CEO of UBA Africa
The ancient town of Amaifeke in Orlu Local Government Area of Imo State has been agog since Monday following the official announcement of one of its exports, Mr. Oliver Alawuba as the new Chief Executive Officer (CEO) of UBA Africa….
That former CBN’s Dep. Gov’s hint on $7Bn ‘dash’ to 14 banks in 2006
Poser: Was the $7bn taxpayers’ fund a bailout really of a surreptitious attempt by then CBN leadership to channel parts of Nigeria’s foreign reserves to select Nigerian banks for management which later turned ‘dash’ for the banks? Let’s start like…
Where is the over $35bn Obono-Obla recovered for FG at NEXIM Bank?
Though the Federal Government has rushed and sacked the former chairman of the Special Investigation Panel for the Recovery of Public Property (SPIP), Okoi Obono-Obla on grounds of corruption allegations, it is still important to review some of the revelation…
(Special Report) DPR’s reactionary control of LPG sector costing lives
For decades, the Department of Petroleum Resources (DPR), the agency of the government in charge of regulating activities in the Nigerian gas sector had been known for reaction rather than being proactive especially in the LPG gas plant segment. This…
