The Lagos Division of the Court of Appeal has reinstated a N5bn fraud charge struck out by a Federal High Court in Lagos against a former Managing Director of the defunct Intercontinental Bank Plc, Dr. Erastus Akingbola. The appellate court, which upturned the judgment of the trial judge, Justice Charles […]

Fri Feb 20, 2015/Reuters A former director of sales for U.S. chipmaker Qualcomm Inc (QCOM.O) pleaded guilty in San Diego on Thursday to insider trading, officials said. Derek Cohen, 52, admitted that he netted about $200,000 from a series of stock and options trades made after learning that the company […]

Wed Feb 18, 2015/Reuters General Electric’s 12.4-billion-euro ($14.08 billion) bid for Alstom’s (ALSO.PA) power equipment business is likely to face a full-scale investigation by EU antitrust regulators, three people familiar with the matter said on Wednesday. The move by the European Commission suggests that the EU watchdog may have concerns […]