Trouble in Lekoil as board fires CEO, Olalekan Akinyanmi

Lekoil Limited, an oil and gas exploration and production company with a focus on Nigeria and West Africa, has announced the termination of contract of appointment of its Founder/Chief Executive Officer (CEO), Olalekan Akinyanmi, with immediate effect. What Lekoil is saying in its statementA statement issued by the company on Thursday, June 3, 2021, announcing […]

Tayo Amusan Acquires Shoprite Nigeria franchise

Supermarkets Nigeria Limited (RSNL), owner and operator of the Shoprite stores in Nigeria, by Ketron Investment Limited, a Nigerian company owned by a group of reputable institutional investors led by Persianas Investment Limited. The divestment by Shoprite International is in line with its strategy to change from an ownership model to a franchise model. This […]

FRAUDULENT ACTS AND LACK OF BACKGROUND CHECKS IMPEDING ORGANIZATIONAL GROWTH

Corporate organizations have been urged to avoid losses hindering the growth as a result of lack of background checks and due diligence on their employees. The CEO of Background Check International, Mr Kola Olugbodi says The issue of background check has become a critical one considering its overall importance to corporate governance.   According to him,In […]

AfDB bans Maxicare Nigeria Ltd for 36 months over fraudulent practices

The African Development Bank Group on Wednesday announced 36-month debarment on Maxicare Company (Nigeria) Limited. The company blacklisted by AfDB is owned and founded by Christopher Osuala. In a statement titled ‘African Development Bank debars Maxicare Company (Nigeria) Limited for 36 months for collusive and fraudulent practices’, it said this took effect from 23 February […]

Ex Nigerian Banker makes $1Million in Crypto public sales

To the surprise of the cryptocurrency world, AFEN, the first government-backed NFT initiative, held one of the quickest public sales in the crypto space on April 20th, 2021. Raising over a million dollars in her token’s sales round. Deborah Ojengbede, Chief Executive Officer of the AFEN group and a former banker, is in charge of […]

GTBank Shareholders Endorse N3.00 Total Dividend for 2020, Applaud Agbaje’s Leadership

Shareholders of Guaranty Trust Bank (GTBank) Plc, at the weekend unanimously endorsed the payment of a total dividend of N3.00 per share to shareholders for the financial year ended Dec. 31, 2020. This endorsement was made on Friday, April 9th, 2021, at the Bank’s 31st Annual General Meeting (AGM) held in Lagos. The bank had […]

Elumelu: Youth Restiveness Ticking Time Bomb for Africa, Others

– Tony O. Elumelu, CON, Chairman of United Bank for Africa, Heirs Holdings and Founder of the Tony Elumelu Foundation speaks to 21,000 youth at the Joshua Generation International Youth Conference at the University of Nigeria, Nsukka. The Chairman of the United Bank of Africa (UBA), Mr. Tony Elumelu, has stressed the need to unlock […]

CBN freeze 11 Bank Accounts under investigations

A federal High Court has granted Central Bank of Nigeria an interim order to freeze 11 bank accounts belonging to businessman, Albert Ugochukwu,Balfour Energy and Allied Services and others, GISTMASTER gathered. The CBN had in a motion ex parte dated March 16, prayed the court for an order directing First City Monument Bank (FCMB) to […]

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