Bill Gates dethrones Amazon boss Jeff Bezos hours after becoming World’s Richest Person
Amazon founder and CEO Jeff Bezos became the richest man in the world on Thursday morning, when a sudden surge in Amazon stock made him $1.5 billion overnight. His fortune grew to over $90 billion that day. For several hours, Bezos was the richest person on earth, surpassing Microsoft... Read more
See why billionaire, Ifeanyi Ubah was Arrested by the DSS (Full Details)
The Mgt. Director of Capital Oil and Gas Limited , Ifeanyi Ubah has been arrested by the Department of State Services . His arrest, was apparently , revealed today in a statement by spokesman , Tony Opuiyo. Opuiyo aid Ubah was arrested on Friday in connection the theft of... Read more
FCMB Group Changes Leadership (Full Details)
FCMB Group Plc has announced the re-organisation of its leadership at the Group level, as well as its flagship company First City Monument Bank Limited (FCMB Limited). Effective March 20th, 2017, Ladi Balogun, having served as Group Managing Director of the commercial banking arm, FCMB Limited for 10 years,... Read more
$9.7 Million Uncovered from Former NNPC Boss, Andrew Yakubu’s Kaduna Home
EFCC has released photos of the recovered vault containing $9.7 million found in the Kaduna home of former Group Managing Director of NNPC, Andrew Yakubu. According to a statement released this afternoon, the antigraft agency said a special operation conducted by its operatives on 3rd February, 2017 on a... Read more
EFCC visits Arik Air, quizzes Arik Air chairman, Arumemi-Ikhide
Operatives of the Economic and Financial Crimes Commission (EFCC) on Wednesday, 8 February 2017 visited Arik Air’s head office. The airline in a statement signed by its Public Relations and Communications Manager, Adebanji Ola, they held a brief meeting with Chairman of Arik Air, Sir Joseph Arumemi-Ikhide after which... Read more
Five Star Music Releases Official Press Statement on Harrysong Arrest (A Must Read)
Hours after we reported to you that Five Star Music owned by KCee and his billionaire younger brother E-Money had arrested their former artiste Harrysong, though now released. The music company has released an official press statement reacting to the report. Read their official press statement after the photo... Read more
MD Ontario Oil, Ada Ugo-Ngali in Tears as she’s taken to Kirikiri Prison for 10 years Jail term of Oil Subsidy Fraud
Mrs Ada Ugo-Ngali, the Managing Director of Ontario Oil and Gas Ltd, was on Thursday sent to jail for 10 years for defrauding the Federal Government of N754 million in oil subsidy transactions. Mrs Ada Ugo-Ngali had earlier on on Jan. 13 slumped in court when her sentence was... Read more
Number 1 MMM Guider Chuddy Ugorji & Wife Amaka have Reportedly Fled Nigeria for Philippines
The News Agency of Nigeria reports that Top MMM guider Chuddy Ugorji and his wife Amaka have fled the country for the Philippines. The allegations first surfaced in December and at that point, Chuddy refuted the claims saying – “MMM founder is a Russian Sergey Mavrodi not a Philippine.... Read more
Mike Adenuga’s Net worth increased by $2.7 billion in 2016, while Dangote’s dropped by $5billion
Billionaire Nigerian oil and telecom tycoon, Mike Adenuga, got richer in 2016. According to Forbes Magazine, his net worth increased $2.7 billion to $5.8 billion since December 31, 2015 and no other African billionaire added more than $1 billion to his or her net worth in the past year.... Read more
Nigerian Central Bank Warns Citizens against MMM, Says it’s a Scam
The Central Bank of Nigeria has again warned Nigerians to desist from investing into the now viral financial Ponzi scheme MMM. They have warned that the scheme which promises 30% return on investment is not regulated and bound to crash soon. This warning comes days after the Minister of... Read more
Recession : Unity Bank Sacks 215 Workers
Unity Bank Plc allegedly sacked 215 of its employees yesterday due to their inability to cope with the new ideas and strategy of the company. According to a source close to the bank, about 200 new hires were said to have been recruited by the bank to promote the... Read more
Central Bank Of Nigeria Lifts Ban, Licences WorldRemit and 10 other (IMTOs)
This must be a great news for Nigerians home and abroad who rely on the contemporary swift and flexible mediums of sending or receiving money abroad without any form of discomfort or unnecessary formalities. Earlier this month the Central Bank of Nigeria banned all  money remittance companies from sending... Read more
Mark Zuckerberg Meets with Yemi Alade, Rita Dominic, RMD, Kunle Afolayan and other Nigerian Stars
It’s no longer a breaking news that Facebook founder and CEO Mark Zuckerberg is currently in Nigeria. The young tech billionaire and world’s 7th richest man after meeting with tech developers and entrepreneurs had a meet up with key players in the Nigerian entertainment industry at the Facebook lagos... Read more
CBN Lifts Forex Restrictions on some Barred Comercial Banks
The Central Bank of Nigeria has lifted the restriction on Foreign Exchange transactions it placed on 9 commercial banks last week for failing to remit $2.12 billion belonging to the nation’s oil corporation, the Nigerian National Petroleum Corporation (NNPC), into the Treasury Single Account TSA. The nine banks comprised... Read more
We’re Creating Forex Billionaires, Emir of Kano Sanusi Warns Federal Government
The Emir of Kano, Alhaji Sanusi Lamido Sanusi, has cautioned the Muhamadu Buhari-led Government against making the mistakes of his predecessors. He further said the economic quagmire the country currently finds itself was not accidental, but a consequence poor management. Emir Mohammed Sanusi II made the declaration at the... Read more
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