First Bank

Monday, April 18, 2016

Govt Contractor Tunji Olowolafe, NNPC Boss Nike Animashaun Part Ways

When the going was good, Nike Animashaun and her friend, Tunji Olowolafe, cut the picture of perfect harmony. They were bosom friends and they made no effort to hide their liking for each other. But few years into their friendship,

Ecobank, Union Bank, Fcmb,Wema Bank & Fidelity Bank Post Combined 80% Decline In Annual Profits...Record N54billion Loss

 Bad loans, naira volatility and other economic headwinds have made Ecobank International Incorporated, Union Bank Plc, First City Monument Bank Limited, Wema Bank Plc and Fidelity Bank Plc to post a combined 80 per cent decline in their annual profits.

The annual financial statements of the banks posted on the website of the Nigerian Stock Exchange have revealed. The 2015 financial results of the five banks released in March this year showed that the profit before tax tumbled by 69 per cent to N77.65bn from N131.19bn in 2014.

Wednesday, April 13, 2016

Baba Ijebu Lottery Owner, Kessington Adebutu’s Marriage To Youngest Wife, Temitope On In Trouble Over Allegations Of Missing N20million

The marriage between Chief Kessington Adebukola Adebutu, the chairman of Premier Lotto Limited, and his youngest wife, Temitope Kofoworola is currently tottering on the brink of collapse.

 Except Temitope provokes God’s divine intervention, she may soon be sent out of her matrimonial home.

Thursday, April 7, 2016

Actres Ibinabo Fibresima Gets N2m Bail At Appeal Court In Man Slaughter Case

The Court of Appeal in Lagos Thursday granted Nollywood actress, Ibinabo Fiberesima,a N2 million bail.

While granting the bail with two sureties in like sum, the appellate court ruled that Ms. Fiberesima bail application had merit.

Ex Senate President David Mark Accused Of Lying In Claims Exposed Offshore Companies In Global Hidden Assets Mess Not His...Investigators Promise Additional Information That Further Confirm

A former Senate president, David Mark, has finally responded to report exposing his link with offshore shell companies in breach of Nigeria’s code of conduct for public officers.

On Tuesday, PREMIUM TIMES exclusively reported Mr. Mark’s links with eight offshore companies in British Virgin Island as shown by the leaked database of Mossack Fonseca, a Panamanian law firm reputed for helping clients register shell companies, some of which are used for illicit purposes

Africa’s Richest, Aliko Dangote & Brother Sayyu Dantata Fingered As Running Shell Companies In Tax Havens!

With a staggering $15.4 billion wealth, Nigeria’s businessman and industrialist, Aliko Dangote, is on Forbes Rich List as the richest man in Africa. But does Mr. Dangote pay his fair share of tax in Nigeria or is he hiding assets abroad? That remains unclear. Yet that question has become even more relevant across the globe following discoveries of several secret shell companies linked to the businessman, his allies and relatives.

Embattled Senate President, Bukola Saraki, Wife Toyin, Brother Laolu, Associates Obi Askika & Olufela Ibidapo, In Jail Ex Gov James Ibori, Obi Asika, Others Face EFCC Probe Over Mention In Panama Papers Hidden Assets Explosive

There were strong indications yesterday that the Economic and Financial Crimes Commission (EFCC) may probe Nigerians associated with secret offshore companies.

Apart from Senate President Bukola Saraki, others mentioned in the secret leak that has been generating worldwide ripples are: Former Senate President David Mark, Saraki’s wife, Toyin, former 
Delta State Governor James Ibori, Mr. Laolu Saraki, Mr. Obi Asika and Mr. Olufela Ibidapo.
Yesterday, former Defence Minister Gen. Yakubu Danjuma’s name was linked with some firms.

Wednesday, April 6, 2016

Shareholders Applaud As Zenith Bank Approves N56.5billion Dividend For 2015 Financial Year

The shareholders of Zenith Bank Plc have commended the Board of Directors for an impressive financial year ended December 31, 2015, as they approved a total dividend of N56.5 billion for the period.

The Shareholders Group said despite the challenges in the environment and the harsh economy witnessed in the country, the bank posted an impressive result.

Sunday, April 3, 2016

Inside Jim Ovia’s To Dream NMulti-Billionaire Mansion, Why VIP Guests To CBN Gov Godwin Emefiele Can’t Stop Talking About It

Once one has got the money habit, it is extremely difficult to kick it. Some are overwhelmed by the habit and some simply manage to tame it. The latter breed is constituted by such moneyed men like billionaire banker, Jim Ovia. Very few people know that Jim has a weakness for good life. In fact, one would have to get very close to him to know that he never dithers from acquiring the finest luxury money can buy.

Friday, April 1, 2016

Power Generations Systems Completely Shut Down For 3hrs Cutting Off Supply To All Parts Of The Country

Eight of the nation’s power generating plants were completely idle on Thursday, with significant reduction in output from others, including Egbin, which is located in Lagos.

Capital Oil Boss, Ifeanyi Ubah Banned 10 Matches & Fined N2.5M For Storming Football Field & Assaulting Goal Keeper Of His Team’s Opponent.

Chief Dr Ifeanyi Uba, the owner of FC IfeanyiUbah has been fined N2.5m and banned for 10 premier league matches for encroaching the field during a game and assaulting the goalkeeper of Heartland FC, Ebele Obi.