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Oil set for biggest quarterly rise since 2009

Oil prices rose on Friday amid the ongoing OPEC-led supply cuts and U.S. sanctions against Iran and Venezuela, putting crude markets on track for their biggest quarterly rise since 2009.

Kenyan police seize $20 million of counterfeit banknotes from deposit box

Kenyan police on Wednesday seized 20 million dollars of counterfeit banknotes that had been stored in a personal safety deposit box at a branch of Barclays Bank Kenya, the directorate of criminal investigations said.
UK

Report: Former CBN chief, wife buy N15.6 billion property in UK

Paul Ogwuma, former governor of the Central Bank of Nigeria (CBN) and his wife have acquired property worth £33 million (N15.6 billion), a UK investigative journalism magazine has revealed.
The Economic and Financial Crimes Commission (EFCC) says an investigation is ongoing on the seized $2.8 million at Akanu Ibiam International Airport, Enugu.

EFCC arraigns bank employees for alleged £100,000 fraud

The Economic and Financial Crimes Commission has arraigned three suspected fraudsters and their company before Justice Z.B. Abubakar of the Federal High Court sitting in Kaduna on two counts of conspiracy and fraud.

NCC orders fresh due diligence on preferred bidder for 9Mobile

Confusion has again hit the bid for 9Mobile as the communications sector regulator, Nigerian Communications Commission (NCC), Wednesday said it had ordered fresh due diligence on the preferred bidder selected for the telecom firm.

Barclays Bank charged over Qatar financial crisis loan

Britain's Serious Fraud Office said Monday that it has charged Barclays Bank over the lender's emergency fundraising from Qatar during the financial crisis a decade ago.

Federal govt petitioned over irregularities in 9mobile sale process

The sale process of 9mobile, formerly known as Etisalat, hit a new turn on Tuesday as Bharti Airtel and Helios Investment Partners LLP petitioned industry regulators over alleged “irregularities”.

Investor warns buyers off 9mobile

Spectrum Wireless Communication has issued a buyers beware notice on the sale of 9mobile.

EFCC releases Innoson chief Innocent Chukwuma, accuses him of N1.4 billion fraud

The Senate Committee on Financial Crimes and Anti-Corruption, on Wednesday, quizzed the Acting Chairman of the Economic and Financial Crimes Commission, Ibrahim Magu, over the arrest of the Chairman/Managing Director of Innoson Vehicle Manufacturing, Chief Innocent Chukwuma.

Glo, Airtel, others know fate on 9mobile takeover by December 31

The final buyer from among five bidders already shortlisted for the takeover of the distressed Nigerian telecoms company, 9mobile, will be announced by December 31.

Barclays has not resigned as financial adviser – 9Mobile

The management of 9mobile says Barclays Bank has not withdrawn as financial adviser of the 9mobile investment process.

Central bank ‘on course’ to meet single digit inflation rate next year – Godwin...

The Central Bank of Nigeria, CBN, is on course to realise its target of bringing the country’s inflation rate down to single digits by next year, its governor, Godwin Emefiele, said on Wednesday.

Former govs, others to lose assets in Dubai

The coast is clear for the Federal Government to seize assets of 22 politically exposed people and businessman in Dubai, following the signing of a pact with the United Arab Emirates (UAE) on Thursday.

Fraud places Union Bank in serious financial jeopardy

However, according to insiders, the bank is exposed to litigation issues that could see it in serious financial trouble in the future as events unfold in the courtroom.

Recent Stories

US rapper A$AP Rocky will spend another week in custody in Sweden as police continue to investigate an alleged fight in Stockholm.

A$AP Rocky to be held in Sweden for third week over alleged fight

US rapper A$AP Rocky will spend another week in custody in Sweden as police continue to investigate an alleged fight in Stockholm.

Court remands apprentice for allegedly attempting to steal car

A Kabusa Grade I Area Court, Abuja on Friday ordered that an apprentice, Olaniyan Joshua, charged with attempting to steal a vehicle, be remanded in prison, pending hearing on bail application.

Motorists groan as tipper drivers block Enugu-Onitsha road

Tipper drivers in Anambra state on Friday blocked the ever-busy Enugu-Onitsha expressway in Awka in protest of alleged extortion by agents of state government.
Operatives of the Economic and Financial Crimes Commission (EFCC), Port Harcourt’s Zonal Office, have arrested a suspected FaceBook accounts hacker, Okohwan Kelvin.

EFCC arrests ‘facebook hacker’

Operatives of the Economic and Financial Crimes Commission (EFCC), Port Harcourt’s Zonal Office, have arrested a suspected Facebook accounts hacker, Okohwan Kelvin.
The Presidential Election Petitions Tribunal has denied People’s Democratic Party and its presidential candidate, Atiku Abubakar’s request for more time to conclude their case.

I’ve never seen INEC server – Atiku Abubakar’s star witness

The star witness invited by Atiku Abubakar and the Peoples Democratic Party (PDP), Osita Chidoka, admitted on Friday that he has never seen the purported server allegedly utilised by INEC to transmit results.