Top News Story
First Bank May Pay Longe N1bn
- By Onyewuchi Ojinnaka
- Published March 8th, 2010
- News
- Unrated
FIRST Bank of Nigeria Plc may pay as much as N1 billion to Bernard
Longe, its former managing director as accumulated income in the last
eight years following the Supreme Court judgment on Friday nullifying
his dismissal from office by the board of the bank.
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(L-R) Samuel Bolarinde, chairman, Vitafoam Nigeria Plc; discussing with Bamidele Makanjuola, MD/CEO at the company's recent annual general meeting in Lagos.
Intercontinental Bank Drags Dangote to Court
- By Onyewuchi Ojinnaka
- Published March 1st, 2010
- News
- Unrated
INTERCONTINENTAL Bank Plc has dragged Alhaji Sani Dangote, chairman,
Bulk Pack Services Limited, subsidiary of Dangote Group of Companies
before Justice Funmilayo Atilade of the Lagos High Court over
N7.5billion debt. The bank is claiming exactly the sum of
N7,572,393,071.54 from Alhaji Sani Dangote, the purported sole
guarantor of the various credit facilities offered to the oil firm of
Bulk Pack Services Limited.
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(L-R) Ms Nonny Eze, acting executive secretary, MTNF, discussing with Julius Okoji, DG, Nigerian University Commission, at the official award ceremony of the MTN Foundation Science and Technology Scholarship Scheme recently in Lagos.
More Headlines
THE newly introduced Cargo Tracking Note (CTN), designed for security
of goods and ports facilities in the nation’s seaports, is expected to
rake in 6.0 million Euros or N1.2 billion to the Nigerian Ports
Authority (NPA) in 2010, its first year of commencement.
AS the consequences of the gale of sweeping reforms in the nation’s
financial industry continue to reverberate, indications from the
nations leasing industry has shown that the industry maintained its
growth in 2009.
World Bank Rates Nigeria’s Commercial Agriculture Devt Project High
- By Simeon Ogoegbulem
- Published March 8th, 2010
- News
- Unrated
THE World Bank has rated the Monitoring and Evaluation Framework for
Nigeria’s Commercial Agriculture Development Projects (CADP) as highly
satisfactory. BusinessWorld Intelligence can disclose that CADP is the
first project in Nigeria where there was provision of counterpart fund
for project preparation by the Government.
Products Distribution: NNPC Enters into Partnership with the Military
- By Henry Iortim
- Published March 8th, 2010
- News
- Unrated
THE Nigeria National Petroleum Corporation (NNPC) has secured the
backing of the military which would now maintain closer surveillance on
petroleum pipelines for it to actualize effective distribution of
products to its depots across the country.
