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1MDB-Related Transactions – Financial Penalties Imposed On Credit Suisse & UOB by MAS

Culled—Proshare May 30, 2017/News The Monetary Authority of Singapore (MAS) announced today that it has completed its two-year review of banks involved in 1MDB-related transactions known to-date.  In its latest… Read more »

BPE Oblivious of Agip/Oando Planned Concession of Port Harcourt Refinery

May 24, 2017 By Chineme Okafor The Bureau of Public Enterprises (BPE) is ignorant of the proposed rehabilitation and operation under a concession arrangement of the 210,000 barrels per day… Read more »

Board Politics, Fraud Forced NAHCO MD To Resign Appointment

Photo Credit: Nigerian Flight Deck May 18, 2017/Sahara Reporters Less than a month after SaharaReporters exclusively reported attempted fraud by the Board of Directors of the Nigerian Aviation Handling Company (NAHCO) Plc,… Read more »

European Union Bans Nigerian Airline Med-View From Entering UK Airspace

Photo Credit: Med View May 18, 2017/Sahara Reporters Barely 18 months after commencing the Lagos-London route, the lone Nigerian carrier on the European route, Med-View Airline has been barred from… Read more »

Rwanda regulator fines MTN Rwanda $8.5 mln over external IT hub

17/5/2017/Reuters Rwanda’s telecom industry regulator has fined MTN Rwanda, a division of South Africa’s MTN Group 7 billion francs ($8.5 million) for running its IT services outside the country in… Read more »

SEC Says Investors with Multiple Names to Forfeit Shares, Dividends

By Kingsley Ogunwa InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s Securities and Exchange Commission (SEC) said on Wednesday shareholders who buy shares and registered with multiple names will forfeit  ownership of such holdings. Mounir… Read more »

Dangote raises fraud alert on “Happy World Meal Gate”

May 8, 2017/Dangote Group The Dangote Group has raised alarm over a Ponzi scheme in circulation alleging partnership between the “Dangote brand, Nestle, Cussons and other reputable food processing companies”… Read more »

Presidential Investigative Panel Report to be submitted on Monday

May 3, 2017/Press Release The three-man Presidential Investigative Committee set up by President Muhammadu Buhari, GCFR, under the chairmanship of Vice President Yemi Osinbajo, SAN, to inquire into the Discovery… Read more »

GTBank, FCMB, Union Bank Expelled from Wholesale Forex Window over Infractions

May 2, 2017/The Will The Central Bank of Nigeria (CBN) has banned over a dozen commercial banks in Nigeria from the highly lucrative Wholesale FX window (spot and forwards) for… Read more »

Norilsk Nickel issues notice of legal proceedings against Government of Botswana

April 28, 2017/Norilsk Nickel Norilsk Nickel (www.Nornik.ru/en) has served notice that it intends to commence legal proceedings in Botswana against the Government of Botswana in respect of its involvement in… Read more »

 

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