The Economic and Financial Crimes Commission (EFCC), has arrested First Bank Chairman Nnamdi Okonkwo, as it uncovered an additional $72.8 million linked to the embattled former Minister of Petroleum Resources, Diezani Alison-Madueke.
According to a top official of the anti-graft agency, Okonkwo's arrest became pertinent, as the recently-uncovered $72.8 million...
President/CE, Dangote Industries Limited and Africa's wealthiest man, Aliko Dangote yesterday received the prestigious award of the ‘Champion of CILT’ in recognition of his personal and the group’s contributions and support in areas of transport, logistics and supply chain management in Nigeria and Africa.
The award was bestowed on him...
The Federal Government (FG) is looking forward to increasing its crude oil extraction capacity. Calling on marginal oil fields to help increase and grow the country’s reserves, the Department of Petroleum Resources (DPR) disclosed that out of the 7,000 oil reserves that have been discovered in the country, only...
President Muhammadu Buhari has told manufacturers in the country that his administration will address their main challenge, which is insufficient forex.
Unmaskng.com understands that the manufacturers need accessibility to forex for the procurement of raw materials and agro-allied equipment that are not available locally.
Addressing Mansur Ahmed-led executives of the Manufacturer Association of Nigeria (MAN),...
The Nigerian banking sector recorded impressive growth in the first quarter of the year, recording a 23.24% year-on-year increase in real GDP. This is also evidenced by the performance of the twelve commercial banks listed on the Nigerian Exchange (NGX).
Wema Bank proved its mettle in the key metrics of...
Ayirimi Emami, popularly known as Ayiri, the deposed Ologbotsere of Warri Kingdom, who's a billionaire, has been dragged to court for his alleged involvement in the stealing of two royal crowns valued at N2 billion.
The crowns, unmaskng, learnt belongs to the Warri Kingdom.
According to the charge sheet with No:...
Guarantee Trust Company (GTCO) is currently enmeshed in a N1 billion defamation suit over an alleged libellous publication against Corporate Forwarders Limited.
Solicitors to Corporate Forwarders, in a letter addressed to GTCO, demanded a retraction, an apology and a compensation for the injurious libellious falsehood' against its client.
According to the...
In the past few months, many Nigerians have been faced with the harsh reality of paying more to buy food commodities, especially farm produce harvested within the country. Amongst them was one Akinola Abdulkareem, who wrote on Twitter: “Food is now overtly expensive, no one is talking. As middle...
Charles Dokubo, a former Coordinator of the Presidential Amnesty Programme (PAP), passed away on Wednesday, August 24, 2022.
He died after a brief illness at an Abuja hospital at the age of 70.
Below are a few things you should know about Charles Dokubo
The deceased was born in Abonnema, Akuku...
Dollar to naira lingering issue has attracted the attention of the World Bank, such that it counselled the Central Bank of Nigeria (CBN) on how to stabilise the foreign exchange (forex) market.
In an interview with Punch, Shubham Chaudhuri, the Country Director for Nigeria, World Bank, said even though the...