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Fuel Subsidy Scam: EFCC Lists 1st Batch Of Alleged Fraudsters To Be Prosecuted

All is now set for the prosecution of suspects in the widely publicised fuel subsidy fraud, as the Economic and Financial Crimes Commission (EFCC) today released to THEWILL, a list of the first batch of suspects to be prosecuted in Lagos Courts. The suspects comprise seven oil companies and 12 […]

Unity Bank’s Profit After Tax grows 63% in Q2’ 12

By InvestAdvocate Lagos (INVESTADVOCATE) – Nigeria’s Unity Bank Plc Monday posted a 63.6 percent (63.6%) in its Profit After Tax (PAT) for the period ended June 30 2012. This is contained in the Bank’s Second Quarter (Q2) result to the Nigerian Stock Exchange (NSE) in Lagos Nigeria and made available […]

African Central Bank to begin operation in 2021

In a bid to reduce inter-country transaction costs and exchange rate volatility, the Association of African Central Banks Governors has fixed 2021 for the commencement of the African Central Bank.  The decision was contained in a draft framework, which is being considered by the committee.  The move, according to the […]