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$250,000 fraud: Court frees businessman

By Kemi Obasola   Thursday, 7 Oct 2010 A Lagos High Court in Ikeja has discharged and acquitted a businessman, Mr. Adekunle Fagade, who was alleged to have conspired with four others to obtain money by false pretences. In his judgment, Justice Joseph Oyewole held that the Economic and Financial […]

Four banks disburse $71m cabotage fund

  Thursday, 30 September 2010 By David Ogah   SHIPPING companies that applied for vessel acquisition loans under the nation’s Cabotage Vessel Financing Fund (CVFF) may soon access the facility as the Nigerian Maritime Administration and Safety Agency (NIMASA) had already transferred $71 million (N11.06 billion) to four commercial banks […]

NSE Demutualisation to be Concluded in 2012 -Oteh

  By Obinna Chima and Chinazor Megbolu , 09.28.2010   The proposed demutualisation of the Nigerian Stock Exchange (NSE), which was suspended last year would now be concluded in 2012, the Director General, Securities and Exchange Commission (SEC) of Nigeria, Ms Arunma Oteh, has said. Oteh dropped this hint while […]