Nigeria’s path to industrialisation is now being threatened following revelations that the Managing Director of the Bank of Industry (BoI), Ms. Evelyn Oputu, and some directors of the bank, have allegedly diverted monies and properties belonging to the bank set up to help grow businesses in the country. The alleged […]

Nigerian oil officials said unchecked theft from pipelines may crimp the African nation’s ability to meet its target of adding 30 percent to crude output by the end of the decade. Stealing and sabotage cost the country 300,000 barrels of oil a day last year, Andrew Yakubu, group managing director […]

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The central bank of Nigeria (CBN) at the weekend issued a June 01, 2014 deadline for all deposit money banks (DMBs) in the country to install anti-skimming devices on all their respective Automated Teller Machines (ATMs) to check fraud. The CBN in a circular with […]