The suspended Minister of Humanitarian Affairs and Poverty Alleviation, Betta Edu. The Economic and Financial Crimes Commission is probing 50 bank accounts, as it recovered N30 billion in the case of the suspended Minister of Humanitarian Affairs, Betta Edu, and the ongoing probe of the ministry over alleged money laundering. The latest development was revealed…
The Central Bank of Nigeria has again announced the sales of dollars to Bureau De Change operators. It disclosed this in a circular uploaded to its website on Monday. The apex bank said it is set to sell $10,000 to each BDCs at N1101/$ and directed the operators to sell at a spread not more…
Africa’s Global Bank, United Bank for Africa (UBA) Plc, has unveiled a Quick Response solution code, qrdispute.ubagroup.com:8088 called the ‘Scan to Resolve Complaint’ Portal with code aimed at enhancing satisfaction and swiftly addressing customers’ disputes. The first of its kind innovative platform marks another significant step by the bank to revolutionise customer service and streamline…
The Nigerian Electricity Regulatory Commission on Wednesday approved an increase in electricity tariffs for customers under the Band A classification. The Vice Chairman, NERC, Musliu Oseni, said the increase will see the customers paying N225 kilowatt per hour (KW/h) from the current N66. Customers under Band A are those who enjoy 20-24 hours of electricity…
Bobrisky. Photo Credit: EFCC. The Economic and Financial Crimes Commission, will today (Friday) arraign controversial cross-dresser, Idris Olanrewaju Okuneye popularly known as Bobrisky, before the Federal High Court in Lagos for alleged money laundering. EFCC, on Thursday, filed six counts while counts bordering on money laundering and abuse of the naira on Bobrisky. Bobrisky will…
Soulcomms, a leading Strategic Communications and Engagement Agency has marked a significant milestone – its 20th anniversary. This momentous occasion not only commemorates two decades of excellence and innovation but also signals a new chapter with the appointment of a new Chief Operating Officer. The company’s 20th anniversary celebration was marked with an exclusive Cocktail event…
Operatives of the Lagos Zonal Command of the Economic and Financial Crimes Commission, EFCC, have commenced investigation of Idris Okuneye, a.k.a Bobrisky, for allegedly spraying Naira notes. The EFCC had invited the 31-year-old following a video report of spraying and flaunting wads of new Naira notes at the premiere of a movie, Ajakaju, produced by…
Transcorp Power Plc, one of the power subsidiaries of Nigeria’s leading listed conglomerate, Transnational Corporation Plc, has released its audited financial statements for the year ended December 31, 2023. The Company reported gross earnings of N142.1 billion for the 12 months, marking a strong increase of 57.30%, from N90.34 billion reported in FY 2022. Profit…
…. tells Asiwaju to sack FCT Minister, distractions to his cabinet. Afenifere Progressive Youths Movement has stated that the Federal Capital Territories Minister, Nyesome Wike, does not stand in as one of those who contributed to the President’s Bola Tinubu’s electoral success. Abe Emmanuel kolawole, coordinator of the group made this known during a…
Transnational Corporation Plc (“Transcorp” or the “Group”), Nigeria’s leading listed conglomerate, announces its financial results for the year ended December 31, 2023. The Group achieved substantial growth in its financial indicators, reinforcing its market leadership and strategic positioning. In its audited results, Transcorp reported significant year-on-year growth, with revenue rising to N197 billion in the…
