Business

  Nigeria’s retired army general and former defence minister,Theophilus Danjuma, is one of Nigeria’s richest personalities, courtesy of his ownership of one of Nigeria’s most lucrative oil blocs and a money spinning shipping firm. The retired general is a long time user of offshore entities, and the Mossac Fonseca files …

  The Senate President, Bukola Saraki’s family and a former governor of Delta State, James Ibori, were among some prominent Africans named in a newly discovered secret offshore assets scam released by a German newspaper Süddeutsche Zeitung. The German newspaper on Monday released the Panama Papers, the biggest leak in …

Hostile Western forces are behind the “Panama Papers”, a state-run Chinese newspaper alleged Tuesday, as media avoided reporting revelations about Communist leaders and it emerged that the law firm involved has eight offices in the country. The scandal erupted on Sunday when media groups began revealing the results of a …

  A sales representative of the Nigerian National Petroleum Corporation, Mr. Wale Olayinka, narrowly escaped death as hoodlums allegedly led by one ‘The Law’ descended on him and beat him to stupor at the NNPC Mega Station in Osogbo. It was gathered on Monday that the NNPC official, who was …

Thirty five ships laden with petroleum products, food items and other goods are expected to arrive Apapa and Tin-Can Island Ports in Lagos from April 4 to April 26. The Nigerian Ports Authority (NPA) stated this in its publication – `Shipping Position’, – a copy of which was made available …

The Federal Government has said it is keenly aware of the difficulties that Nigerians are currently facing over the lingering fuel scarcity and poor power supply, and that it is working round the clock to provide the relief for the citizenry. ”As a government that was propelled into office by …

Boeing will eliminate about 4,000 jobs in its commercial airplanes division by the middle of this year, the company’s spokesman, Doug Alder said on Wednesday. Another company’s Spokesperson Sandra Angers also said  Boeing would cut about 10 per cent of the approximately 5,700 jobs in its test and evaluation division. …

The Central Bank of Nigeria (CBN) says it plans to sell N218.89 billion worth of treasury bills on April 7. The CBN disclosed this in its treasury bills issuing calendar for second quarter of 2016. It said it would sell N55.40 billion worth of three-month tenored bills at the auction …

In consonance with Section 82 of the Personal Income Tax Act (as amended), The Lagos State Internal Revenue Service (LIRS) wishes to formally notify the public of its intention to commence the prosecution of tax evaders and offenders in Lagos State beginning from April 1,2016. Under the Personal Income Tax …

We’ve all underestimated employees–or just people in general–but the cost surely wasn’t as high as when Nike let Stephen Curry slip through its fingers to land with Under Armour. When Curry entered the NBA, he signed an endorsement deal with Nike. That’s far from uncommon; nearly three-fourths of NBA players …