Home / Banking/Investments (page 5)

Banking/Investments

Fatal swallow: Nigerian who injested 79,000 euros in condoms charged in France

France Flag 33

A Nigerian man (name with held) has been arrested in eastern France after being found with condoms stuffed with 79,000 euros ($90,000) hidden in his stomach, customs officials said Monday. The man, arrested Saturday in Strasbourg, had another 13,000 Swiss francs (11,900 euros, $13,500) concealed in his clothes, the officials said. The man told customs agents that he lived in ...

Read More »

Belo-Osagie’s resignation opens new Etisalat’s debt liabilities to contractors

NCC Etisalat

Barely few hours after the resignation of the Chairman of Etisalat, Mr. Hakeem Belo-Osagie, another round of debt profile owed contractors has raised its head in the telecoms company. Otherwise, Etisalat will not be battling only the $1.2bn debt to 13 banks alone, but other debts. Business Hilights gathered weekend that serious confusion may be engulfing the telecoms over the ...

Read More »

NIIA boss, Onyekazi makes case for protection of INTELS investments

Intels-Award

The ongoing legal bout between the Nigerian Ports Authority (NPA) and INTELS Group over a directive issued by the Managing Director, Hadiza Bala Usman, that every terminal in the port was free to receive any cargo as far as it has the technical competence to handle such goods has continued to elicit reactions for stakeholders. Weekend, the National President of ...

Read More »

FG deepens growth in Nollywood, releases final trenche of N420m for movie production

Kemi Adeosun

Contrary to speculations that the current government may have dumped support for the Nollywood industry because of the campaign roles a good number of the operators played during the 2015 Presidential campaign, a move suggesting otherwise has been made by the government weekend. The Minister of Finance, Mrs. Kemi Adeosun, has approved the release of the sum of N420.2m, being ...

Read More »

Nwankwo hands over to Patience Oniha as new DG of DMO

DMO Oniha

After two terms of five years of meritorious, but hectic service as Director General of Debt Management Office (DMO), Dr. Abraham Nwankwo has handed over mantle of leadership to new DG, Mrs Patience Oniha. This followed her approval by the Acting President, Professor Yemi Osinbajo. The handover formalities took place in a brief ceremony at the office of DMO on ...

Read More »

Osinbajo signs another Order on tax evasion, offers 9 months grace period to evaders

Acting president, Prof Yemi

The federal government on Thursday, gave more bite to its ongoing crusade to deepen tax compliance and inclusion of more citizens both corporate and individuals into the shallow tax basket. Currently, only 214 Nigerians pay taxes of about N20m annually and about 900 Nigerians pay N10m as tax every year. This came on the heels of a new Executive Order ...

Read More »

Lack of trust, government policy inconsistency killing mortgage system—Kalu

Housing Estate

Founding chairman of Africa Property Investment Group (AFPING), Mr. Chudi Kalu has given fresh insight on why mortgage housing delivery is not working in Nigeria housing market. He said even with the introduction of the Nigerian Mortgage Refinancing Company (NMRC), not much has been achieved over the years. Explaining more in an interview, Kalu said “I think that for any ...

Read More »

Evans collects millions from kidnap victims, now sues Police, seeks N300mn

Evans Kidnapper

Trending record notorious kidnap kingpin, Chukwudi Onuamadike,  alias Evans seems to be inching closer to setting a new record in criminology in Nigeria if his new fundamental human rights suit sails through at a Lagos Federal High Court. On Thursday, his lead counsel, approached a High Court in Lagos and pressed charged against the Inspector General of Police and his ...

Read More »

At last, Dangote opens up on secrets of success in last 20 years

dangote-potriat

African leading investor and President, Dangote Grop, Alhaji Aliko Dangote has presented a clear picture on his business strategies which have kept him on top of the continent in the last 20 years. Addressing a crop of scholars from Lagos Business School, Pan Atlantic University, who toured his emerging massive oil refinery in Lekki recently, he said the success of ...

Read More »

Why terrace houses are gradually displacing high-rise condominiums in Lekki—Kalu

fashola Minister

Emerging new driver in residential housing supply in Lagos and founding chairman of Africa Property Investment Group (AFPING), Chudi Kalu, has give fresh insight why Lagos and other emerging mega cities in Nigeria are now witnessing terrace housing schemes instead of high-rise condominiums that were in vogue some years back. In an interview, he said developers have come to understand ...

Read More »