Thursday, March 30, 2017
Wednesday, March 29, 2017
Zenith Bank’s B’Ball League Kicks Of April 10 As DMD Ebeezer Onyeagwu Declares ‘’It Is A delight Many Of The Players Represent Nigeria At International Competitions’’
The 2017 Zenith Bank Basketball League has been scheduled to start on April 10 in Abuja with the financial institution committing N35m to the sponsorship of the competition.
The Deputy Managing Director of the bank, Ebenezer Onyeagwu, on Tuesday at the Zenith Corporate headquarters in Lagos told
Monday, March 27, 2017
Former President Obasanjo’s Wife, Taiwo Files Court Case To Postpone Son’s Wedding To Kessignton Adebutu’s Daughter, Tope
Ex-President Obasanjo and the father of the bride, Kessington Adebutu, promoter of premier lotto known as ‘Baba Ijebu’ are respondents to the suit.
Sunday, March 26, 2017
Guinness Nigeria Problems Mounts As Internal Crisis Stop Moves To Raise Funds In Battle Against Unfavourable Market
There are fresh indications as to why Diageo Plc, the parent company of Guinness Nigeria Plc, failed in its bid to increase its share capital in the brewery giant.
It may be recalled that Diageo had in mid September 2015 announced its intention to make an offer through its wholly owned subsidiary, Guinness Overseas Limited for up to 15.7% of the share capital of
Saturday, March 25, 2017
On the 13th of March 2017, Transcorp Power Limited commissioned a 115MW gas turbine to much fanfare. This commissioning is one of three milestones the GENCO intends to achieve in order to increase the power plants total generating capacity to 850MW.
This by all standards is truly an impressive feat considering the fact that the plant had a total generating capacity of 160MW when it was acquired by Transcorp Power Limited, barely three years ago.
As remarkable as the commissioning was to those at the event, the
President Muhammadu Buhari is expected to declare open this year’s Nigerian Army Small Arms Championship in Sambisa forest in Borno.
David Ahmadu, the Chief of Training and Operations, Nigerian Army headquarters, disclosed this at a news conference on the championship in Maiduguri on Friday.
Share Manipulation Case Brought Against GTbank By Widow & 8yr Old Daughter Of Late Founder Tayo Aderinokun Continues
The Federal High Court in Lagos on Friday adjourned further proceedings till March 28, 2017 in a suit filed against Guaranty Trust Bank and six others by Miss Oluwatise Aderinokun, daughter of a former Managing Director of GTBank, the late Olutayo Aderinokun.
Eight-year-old Aderinokun, who sued through her mother, Mrs. Salamotu Aderinokun, alleged manipulation of her late father’s shares in GTBank.
Wednesday, March 22, 2017
The Tony Elumelu Foundation (TEF), an African founded and funded 21st century philanthropic organization committed to entrepreneurship development, ushers in an additional 1,000 African entrepreneurs.
Applications were received from over
Shareholders of Zenith Bank Plc yesterday hailed the management and board of the bank for an impressive performance for the year ended December 31, 2016.
The shareholders who spoke at the Annual General Meeting (AGM) in Lagos said the gross earnings of N507.997 billion recorded in 2016, up from N432.535 billion in 2015, was highly commendable considering the challenging operating environment.
They were also highly impressed with the profit before tax of N156.748 billion recorded in 2016, which showed a significant jump above the n125.616 billion in 2015.Similarly, profit after tax rose from
Tuesday, March 21, 2017
Raging Power Play Inside Heritage Bank Over Moves To Draft EFCC Into Suspended Director, Mary Akpobome’s Case
The power play inside heritage Bank is threatening to spill overboard.
There are said to be moves and counter moves over attempts to drag anti corruption agency, Economic and Financial Crimes Commission into the affairs of the bank.
‘’some people want
The Asset Management Corporation of Nigeria has announced Sigma Golf Nigeria Limited and Riverbank Investment Resources Limited (the Sigma Golf-Riverbank Consortium) as the new investors in relation to the
Sunday, March 19, 2017
Fierce Looking Guards All Over The Venue, Keep Off Prying Eyes As Sahara Energy’s Tope Shonubi Celebrates 50th Birthday With Lavish Party
Exactly three months after a principal partner in Sahara Energy, Tonye Cole held Lagos spellbound with a 50th birthday celebration that people are still talking about, another Director of the oil company, Tope Sonubi also lighted up the Lagos scene some days ago as he threw a private party to also celebrate his golden age
Transcorp Hotels Plc Comes To Town With N4.5bn Profits, Announces Dividend Of 40k Per Share For Full Of Praises Shareholders
Transcorp Hotels Plc has announced a profit after tax of N4b at its 3rd Annual General Meeting which took place at Transcorp Hilton Abuja. At the meeting, the Shareholders of Transcorp Hotels Plc commended the management and staff of the Company for recording a strong financial and operational performance in the financial year ended 31st December 2016, with improvements across all
In Pablo Nurada’s poetic line, Nothing But Death ‘…death arrives among all that sound, like a shoe with no foot in it, like a suit with no man in it, comes and knocks, using a ring with no stone in it, with no finger in it…’ thus explains the dilemma of the dead as it comes to late socialite, Kunle Adeagbo whose business has come to ruins just 7 years into his demise.
The late Adeagbo’s Royal Cedar hotel at the high brow Alalubosa GRA in Ibadan was the
If you are as obscenely wealthy and have unfettered access to foreign currency like Benny Peters, billionaire businessman behind Aiteo, you can live anywhere in the world as your vanity dictates.
Saturday, March 18, 2017
Tony Elumelu visited Ghana as the first stop of his UBA tour of Africa, propagating the ideal of Africapitalism. In continuation of his strategic vision of engineering a robust economic and business relationship across the continent through Africapitalism as a necessary tool for the socio economic development of Africa, the Group Chairman UBA Plc, and Founder of the Tony Elumelu Foundation, Mr. Tony O. Elumelu, spoke at the prestigious
Friday, March 17, 2017
The Deputy Managing Director, Zenith Bank Plc, Mr. Ebenezer Onyeagu, yesterday restated its unwavering commitment to empowering youths in Delta State through sports development.
Mr. Onyeagu spoke at
Thursday, March 16, 2017
Ahmed Mohammed, a judge, gave the order after the Economic and Financial Crimes Commission (EFCC) arraigned Yakubu on a six-count charge of fraud.
This followed the recovery of $9.8 million and £74, 000 from his Kaduna residence.
Wednesday, March 15, 2017
All The Details As Heritage Bank Director Mary Akpobome Remains ‘’Suspended’’, M.D Ifie Sekibo Keeps Away From Office
There is crisis at Heritage bank.
And it stems from raging nasty fight for control.
The situation is said to be the chief reason Managing Director Ifie Sekibo has
Turnah served as special adviser to Dan Abia, ex-managing director of the Niger Delta Development Commission (NDDC).
He was arrested in
Monday, March 13, 2017
Witness, Timothy Olaobaju Tells The Story Of How Ex Petroleum Minister Diezani Madueke Stashed $115m In Bank, Disbursed It To Dele Belgore, Abubakar Sulaiman, Others
An official of Fidelity Bank Plc, Mr. Timothy Olaobaju, on Monday narrated how a former Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, stashed away a sum of $115,010,000 in the bank with subsequent instruction to change it into naira and distribute it among individuals in the 36 states of the federation.
Among the beneficiaries, Olaobaju said, were
Ex Attornet General Mohammed Adoke Insists Former Presidents Olusegun Obasanjo, Goodluck Jonathan In The Know Of Controversial Malabu Oil Deal
The Economic and Financial Crimes Commission (EFCC) has alleged that Adoke exchanged more than $2.2 million in a bureau de change in Abuja as part of his own share, an allegation he denied.
Adoke wondered why the anti-graft agency singled him out for prosecution when he did
Saturday, March 11, 2017
Ecobank Stops Purchases Of Brand New Cars To Directors, Other Senior Staffers In Fight Against Economic Downturn
Financial institution, Ecobank is ruthlessly cutting costs.
‘’it is the management's approach to battle economic recession’’ a source provided reasons.
Information available have it that the
President Muhammadu Buhari has concluded plans for a major overhaul of his administration, reliable sources in government told SUNDAY PUNCH over the weekend.
The sources, who spoke on condition of anonymity because of the sensitive nature of the subject, said the changes were going to be ‘earth-shattering’
Friday, March 10, 2017
Governor Godwin Obaseki of Edo State has declared a seven-day period of mourning in honour of Dr Samuel Ogbemudia, a two time governor of the former Bendel State.
Obaseki, in a
‘’I Dont Want To Be Associated With GTBank’’ Sensational Singer & Composer Of Bank’s Popular Theme Song ‘’Place To Be’’ Asa Distances Self From Financial Institution
Singer Asa doesn’t want anything to do with Guaranty Trust Bank (GTbank), the financial institution she composed famous theme song, ''the place to be'' for - again..
And she has proclaimed this publicly.
She made her position known in a
President Muhamadu Buhari has returned to Nigeria, after 51 days on vacation in London, United Kingdom.
Femi Adesina, the special adviser on media and publicity to the president, said Mr. Buhari’s plane landed in Kaduna well after 7.am today in Kaduna, debunking earlier reports that the president flew in at about 4.am.
“We are now at the helipad at the
Thursday, March 9, 2017
The Independent National Electoral Commission has withdrawn the Certificate of Return issued to Hon Sunday Aghedo representing Ovia South West Constituency in the House of Assembly.
It issued the Certificate of Return to Mr. Godwin Adenomo in compliance with
Wednesday, March 8, 2017
Heritage Bank’s Problems Rages On As Powerful Director Mary Akpobome Is Sent On Suspension To Go Recover Hugely Funds Given Out As Loans She Signed Off On
Heritage Bank of Nigeria has taken an unprecedented step against one its executive directors, Mary Akpobome, who happens to be the wife of popular Nigerian comedian Ali Baba: an indefinite suspension to go and recover loans she signed off on.
Despite the intervention of the Nigerian Communication Commission, NCC, to broker a peaceful resolution between Etisalat Nigeria and a consortium of banks, it appears the effort may not have yielded a truce, as the banks are set to take over the telecoms firm
Monday, March 6, 2017
The General Overseer of Omega Fire Ministries Worldwide, Apostle Johnson Suleman, on Monday distanced himself from the arrest and detention of Stephanie Otobo by the police on March 3 over an alleged blackmail offence.
The allegation against Suleman came about one month after his interrogation by the Department of State Services over an alleged incitement in his sermon in which he said Fulani herdsmen who came near his church should be killed.
Sunday, March 5, 2017
Saturday, March 4, 2017
Fierce Looking Security Operatives Raid Home Of Ex President Goodluck Jonathan’s Godson, George Turnah
A team of the Economic and Financial Crimes Commission (EFCC) has ransacked the palatial home of George Turnah, popularly known as the godson to former President Goodluck Jonathan.
The fierce-looking operatives reportedly stormed the courtyard of Turnah located at Kolo Creek, Ogbia local government area with scores of fully-armed mobile policemen and soldiers.
They were said to have
Wednesday, March 1, 2017
According to The Nation, the information was contained in a report which the Economic and Financial Crimes Commission (EFCC) submitted to the senate committee on financial crimes and anti-corruption.
The commission was quoted to have said the cars
‘’Why Should i?’’ 82yr Old Ambassadorial Sylvanus Nsofor Declines Senator Gbenga Ashafa’s Request To Recite National Anthem During Screening But Answered More Serious Questions
The Senate Committee on Foreign Affairs, on Wednesday, screened an 82-year-old non-career ambassadorial nominee, Justice Sylvanus Nsofor (retd.), who refused to recite the National Anthem when he was asked to do so.
The refusal by the nominee to recite the anthem had shocked members of the committee.
Late Tayo Aderinokun’s Widow, Salamatu, 8yr Old Daughter Oluwatise Drag GTbank To Court Alleged Manipulation Of Late Managing Director & Founders Shares
A Federal High Court in Lagos on Tuesday adjourned till March 24, 2017, hearing in the suit filed by Miss Oluwatise Aderinokun, the eight-year-old and last child of the late founder and former Managing Director of Guaranty Trust Bank Plc (GTB), Olutayo Aderinokun, against the bank and six others over alleged manipulation of her late father’s shares.
Others respondents in the ensuing legal battle are GTBank’s
Others respondents in the ensuing legal battle are GTBank’s