25 C
Lagos, South Africa and New York
Thursday, September 24, 2020

Interpol Investigates Tonye Cole, Tope Shonubi, and Ade Odunsi, Founders of Sahara Energy over transfer of over $40 Billion to Isle of Man in 2016, See Documents

The International Criminal Police Organisation otherwise known as Interpol is combing through a series of international financial transactions by Nigeria’s Sahara Energy Resource Limited and others from Nigeria in recent years to establish if they were cases of money laundering. Sahara Energy of Sahara Group,...

Lawyer Accuses Jonathan, Adoke And Diezani Of Collecting Bribes To Facilitate Malabu Deal

The lawyer representing Nigeria at the ongoing trial of the Malabu OPL245 scandal, Lucio Lucia, has indicted ex-President Goodluck Jonathan, at the hearing of the case in Milan court on Wednesday. At his submission before the court, Lucia said the ex-President was aware of the...

After Sabotaging Nigeria on P&ID Court Case, Ex-Lagos AG, Olasupo Shasore Gets Another Arbitration Job From Corrupt Prone Buhari Govt

Despite undermining and sabotaging Nigeria’s effort over the $9.6bn arbitration battle against Process & Industrial Development Ltd, a British Virgin Island engineering firm, former Attorney-General and Commissioner for Justice in Lagos State, Mr Olasupo Shasore, got himself another legal contract from the Nigerian Government. Recall...

EXPOSED: How Kingsley Kuku Used Funds Meant for Niger Delta Militants Amnesty Programme To Buy Airplanes For Air Peace – U.S Department of Justice reveals

The United States Department of Justice has alleged that billions of naira stolen from the Presidential Amnesty Programme by a former head of the office, Mr Kingsley Kuku, were transferred to bank accounts in the United States where they were laundered and used to...

Exclusive: How Senator Peter Nwaoboshi fraudulently secured 58 no-bid NDDC contracts in 2018

Despite repeated denials of culpability in the corruption and financial recklessness and mismanagement in the Niger Delta Development Commission (NDDC), a new trove of documentary evidence obtained exclusively by Naija247news paints a disgusting picture of the Chairman, Senate Committee on Niger Delta Affairs, Peter...

Naira closes at N435 to dollar, N575 Pound Sterling, N515 Euro at parallel market

By Fabian Ekeruche Lagos, Sept 7, 2020 The Naira on Monday gained N5 to close at N435 to the dollar at the parallel market in Lagos. The Pound Sterling and the Euro closed at N575 and N515, respectively. At the Bureau De Change window, the Naira traded...

Nigeria see 200, 000 tons slump in rice imports as price-sensitive consumers switch to local staples

Nigeria’s rice production was about 6.7 million tons in the last three years, with imports seen declining by 200,000 tons in 2020 from 1.2 million tons last year as price-sensitive consumers switch to local staples, according to the U.S. Department of Agriculture. Even as notorious...

With $7 billion dollar backlog, a fifth of Nigeria’s net foreign reserve, analysts see CBN dollar sale drive investor exit, converge rates

Bloomberg - The Nigerian central bank has started to sell dollars to clear a backlog of demand for the greenback that has kept foreign investors trapped in Africa’s largest economy. Analysts see resumption of sales should allow investors to exit the economy and could...

Nigeria’s Naira drops to N439 to US dollar, N580 to Euro, N495 to Sterlings

By Fabian Ekeruche Lagos, Sept. 3, 2020 The Naira on Thursday gained one point to appreciate against the dollar at the parallel market in Lagos. Naija247news reports that the Naira exchanged at N439 to a dollar at the parallel market in Lagos, while Pound Sterling and...

Analysts estimate $1.8 billion pent up demand as investors seek Nigerian exit over looming recession

ABUJA, Sept 2 Analysts estimate there is pent up demand of between $1.5 billion and $1.8 billon from investors looking to exit Nigeria, whose economy faces recession in the third quarter. The central bank has gradually restarted dollar sales after it halted supplies following a...
WP to LinkedIn Auto Publish Powered By : XYZScripts.com
Open chat
Send us your story