French bank BNP Paribas SA BNPP.PA is likely to pay $8 billion to $9 billion as part of a potential settlement with U.S. authorities over violations of sanctions, according to a person familiar with the matter. U.S. authorities are probing whether BNP Paribas evaded U.S. sanctions relating primarily to Sudan […]

The former Director-General of the National Drug Law Enforcement Agency, Mr. Femi Ajayi, has outlined the demerits of a cash-based economy, saying it allows all sorts of economic crimes. Ajayi, who spoke at a conference entitled, ‘Cashless Nigeria: progress, prospects and opportunities’, stressed the need for the Federal Government and […]

Royal Dutch Shell is ready to pay up to 30 million pounds ($51 million) in compensation for two oil spills in Nigeria in 2008 after a London court rejected a larger claim, sources involved in the case said on Friday. Around 15,000 residents of the Bodo community in the Niger […]