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Monthly Archives: May 2017

$1b Malabu scandal: FG drags Jonathan, Etete to UK court


The Federal Government has dragged former president, Dr. Goodluck Jonathan and one-time Petroleum minister, Dan Etete to court in the United Kingdom, insisting that the transfer of over $800 million to accounts controlled by Dan Etete from a Nigerian government account with regards to the Malabu Oli deal was fraudulent ...

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Onyia appointed as MD/CEO of FBN CapitalAsset Management Business


Lagos, Nigeria, 15May 2017: Mr. Ike Onyia has been appointed Managing Director/CEOof FBN Capital Asset Management, a part of FBN Holdings Plc’s Merchant Banking&Asset Management Group. Mr. Onyia joins the firmwith over 20 years’ experience in investment management and advisory.Prior to his appointment, he served as Managing Director of Fiducia Capital, ...

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Etisalat In Crisis


Etisalat Nigeria is in crisis. The telecommunications company has lost over 2.9 million subscribers in the last two quarters. We gathered that as of September 2016, there were 22.5 million active subscribers on the network but the figure dropped to 20.8 million by December, 2016. This means a loss of ...

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Lagos pays N1.8b as pension in one year


The Lagos State Government on Monday said that it paid a total of N1, 846, 396, 965.80 as pension from May 31, 2016 to April 30, 2017. The state Commissioner for Establishment, Training and Pensions, Dr. Akintola Benson-Oke, made the disclosure at the 2017 Ministerial Press Briefing to mark Governor ...

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