Stock: Dangote Cement turns Goldmine
For gold diggers in at the Nigerian Stock Exchange, Dangote Cement is turned out a mouth watering deal.The stock jumped the 10 per cent cross line, rising to 178.2 Naira in an unprecedented record at the stock exchange. Gistmaster.com gathered that others who also gained at the stock market include Stanbic IBTC,Cadbury and Wema [...]
Stanbic IBTC,Visafone sacks 310 employees
Why are Naija companies laying off staff? Yesterday April 30th Visafone fired over 60 of their staff nationwide. Stanbic IBTC also sacked 250 of their staff. The sack takes effect from today May 1st.
The Stanbic IBTC sack yesterday crossed across al…
Nollywood Vs MTN:Kola Oyeyemi,Charles Igwe disagrees on biggest brand in Africa
By Niyi Tabiti, Kola Oyeyemi, the General manager consumer marketing of MTN Nigeria and Charles Igwe, husband of veteran TV producer,Amaka Igwe, disgreed on the biggest brand in Africa today.Oyeyemi,who was a facilitator today at Nigeria Entertainment Conference durning presentation described MTN as the biggest brand in Africa.He disclosed that this is a data driven [...]
EFCC arrest First Group Dubai officials in Nigeria
Nigeria anti-graft agency known as Economic and financial crimes commission (EFCC) on Tuesday arrested officials of First Group, a real estate firm in Abuja.First Group isinvolved in the marketing and promotion of choice property in Dubai and other places especially within the United Arab Emirates (UAE).First Group was accused of non conforming with laid down [...]
Jonathan sacks Demuren DG NCAA
The Federal Government has ordered the removal of the Director-General of the Nigerian Civil Aviation Authority, Dr. Harold Demuren. A terse statement issued on Monday night by the Special Assistant to the Secretary to the Government of the Federation (Media), Mr. Sam Nwaobasi, referenced PPR/OSGF/PR/02, said the decision was approved by President Goodluck Jonathan after [...]
Oba Tejuosho says Access Bank is reckless with Shares
The Osile of Egbaland, Oba Adedapo Tejuosho says he would do anything legal to seek redress in court over what he described as “reckless and negligence” of Access Bank in the management of his shares. Gistmaster gathered that the traditional ruler in Ogun state has already approached a Lagos High Court and he is seeking 500 [...]
Facebook produce four of the world youngest billionaires
Facebook is idea in motion and those who were part of the tech giant from the start are now billionaires. Yes,people know Mark Zuckerberg the founder and chief executive officer of the social networking site but not much is known about the co-founders. What Gistmaster gathered from latest report according to Forbes magazine is [...]
Court freezes Ogunbambo,Fargo Petroleum boss bank accounts,Parkview home
ANigerian court has ordered the freezing of bank accounts belonging to Mr Oluwaseun Ogunbambo of Fargo Petroleum and his mansion inside Parkview estate,Ikoyi. Ahmadu Ali’s son who is also standing trial for subsidy payment crime also has a share of the ordeal. The Economic and Financial Crimes Commission (EFCC) obtained the order from the court [...]
AMCON takes over Wale Babalakin houses over GTBank N13 Billion debt
The Asset Management Corporation of Nigeria, AMCON, has taken possession of three property in Lagos and Rivers states, belonging to Chairman of Bi-courtney, Mr Wale Babalakin, over a N13.5 billion debt owed Guaranty Trust Bank, GTBank Plc. According to a statement by AMCON, yesterday, the property were registered in the name of Roygate Properties Ltd [...]
Delta state transfers seized money to James Ibori-EFCC
The Economic and Financial Crimes Commission, in a bid to sway the court not to allow the return to Delta state of the $15million seized from former Governor James Ibori, has told a story of a past misdeed by the state.The anti-graft agency recounted in a counter affidavit that sometime in 2008, it returned the [...]