Ecobank Transitional Incorporated (ETI), and its Nigerian subsidiary, Ecobank Nigeria Ltd, may be sued for $100 billion or its naira equivalent.
Those who are pressing for petitioning of the financial institutions are outsourced drivers, who were drawn from Integrated Corporate Service Limited (ICSL), FOSAD, Harvard Se- curity, KS Sharon, and...
A report read on the floor of Lagos House of Assembly, has uncovered how NIMCO construction company Ltd has been short-changing the state government.
The report which detailed how NIMCO had defrauded the government to the tune of several hundreds of millions, which includes non-payment of tax, was read to...
ExxonMobil, an American multinational oil and gas corporation, has donated some vehicles to Akwa Ibom. Surprisingly, the vehicles which were donated for the state government to aid contact tracing of suspected COVID-19 patients, have been rejected.
Disclosing why the vehicles were rejected, the state Information Commissioner, Charles Udoh, said the...
The 2020 financial projection for Transcorp Hotels Plc is no longer feasible. This indication emerged as the quoted hospitality company recorded a significant financial drop in revenue, in its first-quarter period for the year.
As COVID-19 continues to ravage different sectors of the economy, including the hospitality sector, Transcorp's group...
Telecommunications giant, MTN Group has announced that it has reversed its 2020 budget downward.
Having budgeted $1.5 billion as its capital investment for the year, the telco said it is necessary to cut down the budget to $1.1 billion.
Reason for cutting down the budget
According to the group, the decision to...