Top News Story
NLNG May Pay $1bn to Nimasa
- By Nik Ogbulie
- Published Today
- News
- Unrated
Sequel to the directive by the federal government, asking the Nigerian
Liquified Natural Gas Limited (NLNG) to settle its indebtedness to the
Nigerian Maritime Administration and Safety Agency (Nimasa), the gas
company may part with over N1 billion as the initial payment each year.
The directive which was communicated to the warring institutions by a
top Presidency official last Friday may have put paid to the legal
tussle that was about to begin between the two very important government
institutions.
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(L-r) Mr. Oscar Onyema, CEO, Nigerian Stock Exchange (NSE), presenting a gift to Mrs. Oluwatoyin Sanni, vice president, Association of Investment Advisers and Portfolio Managers (IAPM) and managing director, UBA Trustees Limited, during the visit of executive members of IAPM to NSE recently in Lagos.
Access Bank Extorts N9.6bn from Customers
- By Kenneth Madueke
- Published Monday 6th 2013
- News
- Unrated
Niyi Jacobs
Access Bank Plc may have successfully ripped off its unsuspecting customers across Nigeria about N9.6 billion through account maintenance charge last year. This amount represents about 76.3 per cent of the N12.59 million dividend it paid to its shareholders for the 2012 accounting year which ended December 31, 2012._thumb.jpg)
Access Bank Plc may have successfully ripped off its unsuspecting customers across Nigeria about N9.6 billion through account maintenance charge last year. This amount represents about 76.3 per cent of the N12.59 million dividend it paid to its shareholders for the 2012 accounting year which ended December 31, 2012.
Mr. Oscar Onyema,chief executive officer of Nigerian Stock Exchange (NSE)(L) with Alhaji Aliko Dangote, president of the NSE, GCON,at the 52nd Annual General meeting of the NSE, held in Lagos, weekend.
More Headlines
The Viability of State of Emergency
- By Alex Ekemenah
- Published Today
- Editorial
- Unrated
Last week, President Goodluck Jonathan declared a state of emergency in Yobe, Borno and Adamawa states. These three states have been hotbed of Boko Haram insurgency over the last four years. The security situation has deteriorated to the extent that there is fear in the land that it is just a matter of time before Boko Haram insurgents would declare an independent state because they were already unfurling a flag and other symbols that directly challenged the sovereignty and suzerainty of the Federal Republic of Nigeria and its defined territorial integrity.
Emergency Rule: An Antidote Nigeria’s to Insecurity
- By Linda Ugwuoti
- Published Today
- BusinessWorld Interview
- Unrated
The unwarranted and unprovoked mayhem in the country which is threatening the security and sovereignty of Nigeria prompted the declaration of emergency rule in three Northern states as an antidote to insecurity of the nation. ONYEWUCHI OJINNAKA and GOODLUCK ANOSIKE write.
Insecurity: What Hope for Nigeria Brands
- By Linda Ugwuoti
- Published Today
- BrandWorld
- Unrated
The present state of insecurity in the northern part of Nigeria has become a clog on the wheel of brands that abound there. In this report, stakeholders share their views on this crucial issue and how it affects brands. LINDA UGWUOTI writes.
Banking Fraud: No Place To Hide...
- By Nik Ogbulie
- Published Today
- Back Page
- Unrated
The latest banking sector development report as contained in the 2011 annual report of the Nigerian Deposit Insurance Corporation(NDIC), may have stated the obvious while analyzing the fraud record in the banking industry in 2011. For those Nigerians who have been close to the trends in electronic banking and the spate of job cuts in the sector, the 54 per cent rise since last two years may really appear largely under-estimated. In the real sense of it, fraud-free banking or a sharp reduction of it, is not any of the promises of electronic banking. In fact , the escalation of fraud and the expansion in its reach are some of the greatest fears of the innovation. Two years after the cashless project has potentially taken off in most cities and has become accepted by various private institutions and government commercial units, the exposure of a horrendous fraud report has taken some unsuspecting enthusiasts of the policy aback.

