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    Brisk Capital MD offering ‘60% ROI’ arrested over ‘N2bn investment fraud’

    Brisk Capital MD offering ‘60% ROI’ arrested over ‘N2bn investment fraud’ Operatives of the police special fraud unit (PSFU) have arrested Dominic Ngene Joshua, the managing director of Brisk Capital Limited, for allegedly diverting investors’ funds worth over N2 billion. Joshua...

    Petrol Subsidy Removal: NNPC Awaits FG, Labour Resolutions Today

    The Nigerian National Petroleum Corporation is not halting the subsidy on Premium Motor Spirit, popularly called petrol, despite the recent recommendation of the Nigeria Governors’ Forum that the subsidy regime by stopped immediately. Rather, the oil firm is awaiting the...

    40% of January oil revenue spent on assets, projects– NNPC

    About 40 per cent of the proceeds from oil and gas exports and domestic sales in January were spent on joint venture assets and priority projects, according to the Nigerian National Petroleum Corporation. The NNPC spent N83.29bn on JV assets...

    UK’s Billionaires Grow 20% Wealthier During Pandemic Chaos

    UK’s Billionaires Grow 20% Wealthier During Pandemic Chaos The fortunes of Britain’s billionaires rose by more than a fifth last year despite the pandemic, according to figures from the latest Sunday Times Rich List released on Friday. Ukranian-born businessman Leonard Blavatnik...

    Investors Lose N300bn In One Day As Stocks Fall

    Investors in the Nigerian stock market lost N300bn at the end of trading on Wednesday as bearish sentiments persisted. The All-Share Index of the Nigerian Exchange Limited declined by 1.48 per cent to 38,445.09 basis points, while the market capitalisation...

    MDAs Failed To Account For N1.2trn –FRC

    The Fiscal Responsibility Commission has said ministries, departments and agencies of the Federal Government are withholding about N1.2trn. The commission said this is according to audit reports of some MDAs and unaudited accounts of others. The FRC also said MDAs have...

    $1.24bn Spent On Food Imports Despite Buhari’s Forex Ban

    $1.24bn Spent On Food Imports Despite Buhari’s Forex Ban Food products imports gobbled up $1.24bn of the foreign exchange supplied by the Central Bank of Nigeria from October 2020 to March 2021 despite the ban directive from the President, Major...

    Bitcoin Loses Over $120.78b In 24 Hours

    Bitcoin has lost more than 10 per cent of its value in 24 hours. A total of $120, 776, 981, 476 was wiped away when investors’ confidence in the digital currency tanked after Elon Musk, CEO of Tesla, revealed...

    VAT Increases By N41.7bn In Q1 2020- NBS

    Value Added Tax (VAT) increased by N41.7 billion to N496.39 billion in Quarter One of 2021 as against N454.69 billion generated in Quarter Four of 2020 and N324.58 billion generated in Q1 of 2020. The National Bureau of Statistics (NBS)...

    Tony Elumelu: UBA Didn’t Fund OML 17 Acquisition

    Tony Elumelu, chairman of Heirs Holdings, says the United Bank for Africa (UBA) did not fund the acquisition of oil mining licence (OML) 17 . In January, Heirs Holdings, in partnership with Transnational Corporation of Nigeria Plc, announced the unconditional...

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    Niger Delta contractors pleads with Buhari, Akpabio, Akwa to pay contractors 

    Niger Delta contractors pleads with Buhari, Akpabio, Akwa to pay contractors  A coalition of Niger Delta contractors have beckoned on...
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