Money

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Combined wealth of Dangote, Adenuga, Otedola, Alakija, Danjuma can end extreme poverty in Nigeria – Oxfam

The combined wealth of Nigeria’s five richest people, Aliko Dangote, Mike Adenuga, Femi Otedola, Folorunsho Alakija and Theophilus Danjuma, estimated to be almost $30billion,...

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Nigerian billionaire Igho Sanomi grants first ever interview to Forbes

Nigerian billionaire Igho Sanomi recently granted an interview to Forbes magazine where he talked about the real story of how he built his business and wealth. According to...

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Badeh paid his own companies over N157m for non existent contracts” – Witness tells court

A witness of the Economic and Financial Crimes Commission, EFCC, Kenneth Uchechuchukwu Osokogu, today told Justice Okon Abang of the Federal High Court, Abuja, how the Defence...

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N3bn fraud: Former Niger state governor, Babangida Aliyu arraigned in court

Former Governor of Niger State, Babangida Aliyu and his former Chief of Staff, Umar Nasko, were today arraigned in a court in Abuja over money laundering allegations. Babangida...

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Court orders CBN to account for cash and properties recovered from Cecilia Ibru

The Court of Appeal in Lagos has directed the Central Bank of Nigeria (CBN) to give an account of the total cash and value of properties recovered from the former Managing...

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Femi Fani-Kayode, Nenadi Usman, others re-arraigned for N4.9bn money laundering

Former Aviation minister and former spokesperson of the PDP 2015 presidential campaign, Femi Fani-Kayode and a former Finance minister, Nenadi Usman  were today re-arraigned...

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Check out the top 15 Countries that have the most Millionaires

According to a Credit Suisse’s Global Wealth report, these 15 countries have the highest number of millionaires out pf the 195 countries in the world. The US ranks top with...

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Sierra Leone rejects $7.8m offer for the 709 carats diamond found by a pastor

The government of Sierra Leone on Thursday rejected a $7.8 million bid for one of the world’s largest uncut diamonds found by a pastor saying it failed to meet its own...

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Court remands INEC Staff in prison for N111.5m scam

Justice P.I Ajaku of the Federal High Court sitting in Benin-City, Edo State on Thursday ordered that the duo of Uluocha Obi Brown, an Administrative Secretary of the Independent...

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Senate passes 2017 budget

The senate have passed the 2017 budget. The budget was passed during plenary which was chaired by Senate President Bukola Saraki. He thanked Nigerians for their patience and...

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Snapchat lost $2.2 billion last quarter

Snap; the parent company of Snapchat revealed a staggering loss in its first earnings report since going public in March. The company reported a net loss of $2.2 billion for the...

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Appeal Court discharge and acquits ex-NIMASA boss, Raymond Omatseye convicted for over alleged N1.5billion scam

The Court of Appeal Lagos Division has discharged an acquitted former Director General of Nigerian Maritime Administration and Safety Agency, NIMASA, Temisan Raymond Omateseye who...

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Ex-FCT Minister, Bala Mohammed remanded in prison over alleged N864m fraud

The Economic and Financial Crimes Commission, EFCC, today arraigned a former Minister of the Federal Capital Territory FCT, Bala A. Mohammed before Justice A. M. Talba of the...

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P. Diddy tops Forbes list of richest Hip Hop artist of 2017 with $820 million

Forbes has just released its annual list of the top 5 richest Hip Hop artistes of the year 2017. According to Forbes,We follow the same procedures used to calculate our list of...

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CBN Injects $388.66m into the Foreign Exchange Market as FCMB Increases Sales to SMEs

The Central Bank of Nigeria (CBN) has released an additional sum of $388.66million to ease pressure on the naira, stimulate business activities and make foreign exchange (Forex)...

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No one showed up in court to claim the Ikoyi Dollars at the forfeiture hearing

According to Tolu Ogunesi, a digital communications officer for the Presidency, the forfeiture hearing for the money found in an apartment i Ikoyi held on Friday May 5, 2017 and...

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‘It’s about time for me to buy a NBA team’ – Floyd Mayweather

Retired American boxer, Floyd Mayweather has indicated interest in buying a NBA team. On Thursday, Mayweather had a meeting with Magic Johnson, a retired professional basketball...

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President Buhari holds closed door meeting with CBN governor, Godwin Emefiele

President Buhari Thursday had a closed door meeting with the Governor of the Central Bank of Nigeria CBN, Godwin Emefiele, at his private office in the presidential villa Abuja....

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EFCC docks suspected female fraudster for N3.92m job scam

The Economic and Financial Crimes Commission, EFCC, today arraigned one Eucharia Ekezie before Justice Olasumbo Olajumoke Goodluck of the Federal Capital Territory High Court...

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N3bn fraud: Court Grants Ex-Niger state governor, Babangida Aliyu, bail

A High Court in Minna, the Niger state capital, has granted former governor of the state, Babangida Aliyu, and his ex-chief of staff, Umar Nasko, bail. Both men had been remanded...