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Kolade, Ndukwe behind N60billion TSA collection Company

  Story By Leke Adeosun Nigeria’s former High Commissioner to the UK, Dr. Christopher Kolade and Former Executive Vice Chairman of the Nigeria Communications Commission (NCC), Dr. Ernest Ndukwe are the Board Chairman and Director respectively of the company that has been fingered in the N60billion TSA commission palaver. The  company called  SystemSpecs Limited was founded in 1991 as provider ... Read More »

Fidelity Bank declares N11.4billion profit

Fidelity Bank Plc made a profit after tax of N11.4bn in the nine months ended September 30, 2015, the lender’s results for the period showed. The figure represents a 1.8 per cent increase on the N11.2bn PAT it made in the corresponding period of 2014. In the review period, the bank grew its gross earnings by 11 per cent to ... Read More »

Board changes in forte oil

Forte Oil Plc, one of the foremost indigenous petroleum marketing companies listed on the Nigerian Stock Exchange, has announced the appointment of Mr Anil Dua as a Non-Executive Director of the company. In a statement issued yesterday, the Company also revealed the resignation of Mrs. Korede Omoloja, who was a Director in the company. Before  his current appointment, Dua was ... Read More »

Linda Dominguez on the rise becomes Baker Water’s brand ambassador

Linda Dominguez, the CEO of Naijalife Magazine who was in Lagos a month ago after being in America for 18 years is on the rise again.The indefatigable lady has just been named a Brand Ambassador in addition to securing the distributorship deal for  Baker Water, an Expatriate Approved Water with international standard. Baker Water which is popularly known as an ... Read More »

Zenith Capital appoints new MD/CEO

Zenith Capital Limited, a leading investment bank, has announced the appointment of Jubril Enakele as its Chief Executive Officer and Managing Director.  In his new role, Mr. Enakele will focus on investment banking, asset management and the securities trading side of the business, as well as oversee a world class team based in Lagos. He will report to the Board ... Read More »

Politician, Fatima Mohammed opens events’ solutions company, Unstoppable Handlers

Virtually everyone knows Fatima Mohammed, she is a hard-working, popular politician and  businesswoman. Fondly called Unstopable Aduke, the amiable lady has now extended her business tentacles with the establishment of a one-stop shop for party organisers. Called Unstoppable Handlers, the outfit, which will be launched with a wine tasting ceremony on Wednesday, October 14, 2015 at 12noon, specializes in mobile ... Read More »

Femi Otedola smiles to the bank with $200million after selling Forte Oil shares to Mercuria

Leke Adeosun After coming from the brink of bankruptcy when he restructured his business, lifestyle and finances, billionaire businessman Femi Otedola is smiling again. In the last few years, Forte oil has become the beautiful bride of Nigerian stock market, it has grown steadily, launching new products and building a solid capital base. As testament to its great leap, www.proshareng.com ... Read More »

Skye Bank appopints new Chief Finance Officer

  Skye Bank Plc has revealed that following the resignation of its CFO, Mr. Bamidele Ogunnaike effective 31 August 2015, the Board of the Bank has approved the appointment of Mr. Pius Olaoye as its new CFO effective 1 September 2015. Skye Bank  informed The Nigerian Stock Exchange that Pius Olaoye has the requisite skills and knowledge, related experience, and the understanding ... Read More »

New faces at First Bank as Adedutan replaces Onasanya

FBN Holdings Plc yesterday announced the appointments of Dr. Adesola Adeduntan and Mrs. Ibukun Awosika as Managing Director designate and Chairman respectively of its subsidiary, First Bank of Nigeria Limited. The group said in a statement that the appointments were part of major changes to its leadership team which had been ratified by the board of directors. The appointments, subject ... Read More »

BGL: Court refuses to grant SEC’s request

The court battle between the Security and Exchange Commission (SEC) and the BGL Group was enacted again at the Federal High Court, Lagos today. The case which came up before Justice Yinusa Mohammed saw two Senior Advocates of Nigeria (SANs) Mr. Kemi Pinheiro and Mr. Kanyisola Ajayi. In the legal fireworks that ensued, Mr. Kanyisola Ajayi had called on the ... Read More »