WITH 12 BILLION DOLLARS, DANGOTE REMAINS AFRICA’S RICHEST

Oluwakemi Ukanah.../   For the seventh time in a row, President of Dangote Industries Alhaji Aliko Dangote remains Africa’s richest with a net worth of $12.2billion, according to Forbes. This is an increase of $100 million from his worth when the assessment was done by the influential magazine last year. Other Nigerians on the

ANXIETY AS MINISTER DENIES IMPENDING FUEL PRICE HIKE

The dust over the current fuel scarcity rose further to the sky yesterday when speculations became rife that the government had concluded plans to allow independent marketers to import fuel and sell at market price. The implication is that the current market price of N14e5 per liter may be jerked up

FRAUD: EFCC DRAGS CHUKWUMA, INNOSON MOTORS BOSS TO LAGOS HIGH COURT

The anti-graft agency, EFCC, has dragged Innoson Motors and its embattled chairman, Innocent Chukwuma before a Lagos High court, Ikeja Division dangling a four-count charge . The four-count included attempt to obtain under false pretense, obtaining under false pretense, theft and forgery of shipping and financial documents. All the alleged offences contravene

AFREXIM BANK, ITFC PLEDGE 100 MILLION US DOLLARS TO SUPPORT AFRICAN TRADE

By Oluwakemi Ukanah.../ The International Islamic Trade Finance Corporation (ITFC), member of the Islamic Development Bank (IsDB) Group, and the African Export-Import Bank (Afreximbank), a multilateral financial institution established by African governments and institutional investors, have signed a US$100-Million agreement and a EUR 50-Million Murabaha agreement with the aim of facilitating

ON THE TRAIL OF EFCC’S RECOVERED LOOT

  A lot of questions have been asked by Nigerians in the past in respect of recovered loot by the Economic and Financial Crimes Commission. Documents obtained by Newsroom Nigeria from the Commission shed some lights on some of the recovered loot.   TAFA BALOGUN FORFEITED ASSETS A total of 15 Spring Bank

AVIATION WORKERS PICKET KENYA AIRWAYS OFFICE IN NIGERIA

By Oluwakemi Ukanah../ Aggrieved Aviation workers as directed by their union in Nigeria has since Tuesday been  picketing of the office of the Kenya Airways in Lagos The picketing over sundry labour issues, was however been suspended today, after the intervention of Nigeria Civil Aviation Authority,NCAA, Federal Airport Authority of Nigeria,

BUHARI COMMISSIONS TWO MANUFACTURING PLANTS IN KANO

President Muhammadu Buhari says his administration’s trade and investment policies will help the nation to diversify the economy, attract more foreign investments and speed up the country’s industrialization. The President stated this at the inauguration of two newly-established agro-based industries, shortly before he ended his two-day State Visit to Kano on

WHY FUEL SCARCITY PERSISTS NATIONWIDE – KACHIKWU

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has revealed major cause of the fuel scarcity currently being witnessed across the country is shortfall in supply of petroleum products. Kachikwu, who stated this in a news briefing in Abuja, however, said that the Nigerian National Petroleum Corporation (NNPC) was