I’m not a fraud, my transactions are clean; Air Peace CEO replies US accusers
The Chairman/CEO of Air Peace, Allen Onyema has denied allegations of bank and money laundering leveled against him by the United State Justice Department. The US Attorney’s Office in the…
Full details of Air Peace CEO’s $20m US fraud: How he used false documents for scam
Full details have emerged on the investigation of Allen Ifechukwu Athan Onyema, the Chairman, CEO, and founder of Air Peace, Nigeria’s fastest growing airline, has been charged with bank fraud…
Nigeria’s GDP grows by 2.28% in Q3, 2019
Data made available by the National Bureau of Statistics (NBS) shows that Nigeria’s gross domestic product (GDP) grew by 2.28% in the third quarter of 2019. This is 0.17% percentage…
National economic council approves additional $250m investment for NSIA
Having received a presentation of the Nigeria Sovereign Investment Authority (NSIA) business update, and outlook, the National Economic Council on Thursday resolved to invest an additional $250 million into…
OPEC+ likely to extend oil supply cuts until June – sources
OPEC and its allies are likely to extend existing oil output cuts when they meet next month until mid-2020, with non-OPEC oil producer Russia supporting Saudi Arabia’s push for stable…
AMCON risks losing N12.9bn judgement debts over fraudulent activities
The Assets Management Company of Nigeria, AMCON has said it is a victim of some fraudulent activities and stands to lose over N12.9 billion which is a judgment debt belonging…
Google, Facebook, Amazon and Apple offer defense in congressional antitrust probe
Four top U.S. tech companies, Alphabet’s Google, Facebook, Amazon.com and Apple, responded to questions from a congressional committee by defending their practices and declining to answer some questions. The House…
Entrepreneurs Advocate Support for The Next Titan Nigeria Reality TV Show
A group of young entrepreneurs, under the auspices of Hype Communications, has called on corporate organisations, governments and non-governmental agencies to support entrepreneurs and programmes that support entrepreneurship. The entrepreneurs…
Jumia suffers major setback, shuts Cameroon operations, records losses
Africa e-Commerce company, Jumia, has closed down operations of its Cameroon subsidiary, Jumia Cameroon. This is coming less than a week after Jumia released its Q3 financial report in…
OPEC’s share of Indian oil imports in October hits lowest since 2011
OPEC’S share of India’s oil imports fell to 73% in October, its lowest monthly share since at least 2011, tanker data from sources showed, as refiners shipped in fuel from…