Advisory: How to avoid the fraud trap when buying distressed assets
By Kunal Gupta A $40 billion bad loan problem eventually led to India’s 2018 enactment of legislation completely overhauling the bankruptcy mechanism. The new Insolvency and Bankruptcy Code has had…
Facebook fights fake news; shuts 23 pages
Facebook has given teeth to its resurgent fight against hate speech and fake with the closure of 23 Italian pages, including many supporting the country’s populist government parties. The pages…
17 states insolvent; Kebbi, Yobe, Katsina, Ebonyi lead poverty chart
The Economic Confidential has released the Annual States Viability Index (ASVI) which shows that seventeen (17) States are insolvent as their Internally Generated Revenues (IGR) in 2018 were far below…
It’s fake news: Our money is not missing – CBN
The Central Bank of Nigeria (CBN) has described as total falsehood insinuations that money was missing from its vault. The Director, Corporate Communications, Central Bank of Nigeria (CBN) Mr Isaac…
Fresh leads reveal how Jonathan, Diezani scammed Nigeria in Malabu oil deal
The Nigerian government has obtained fresh evidence incriminating former President Goodluck Jonathan and his then oil minister, Diezani Alison-Madueke, of accepting bribes and breaking the country’s laws to broker a…
Exposed! US report slams Jumia as a ‘fraud’ and ‘worthless’ company
Jumia Technologies AG shares dipped by more than 20% in Thursday trading after Citron Research’s Andrew Left, a noted short seller, alleged in a report that it has the “smoking…
NCC begins second phase audit of SIM registration and compliance
To provide further assurance on the integrity of its Subscriber Identity Module (SIM) registration database, the Nigerian Communications Commission (NCC) will shortly begin the second phase of its ongoing audit…
Nigeria loses in court in 57m barrels crude export suit, may appeal
A Nigerian court on Wednesday dismissed government claims that subsidiaries of Eni and Petrobras illegally exported crude oil to the United States, but a lawyer representing authorities in the West…
Despite outages, Nigeria’s crude still in high demand
Angolan crude was in dwindling supply for June because of robust demand while Nigerian grades were heard on Tuesday to be offered at steady, relatively firm levels, reports Reuters. Nigeria…
Iraq, Nigeria, Brazil, others set to deliver their most crude oil to the U.S in over 18 months
U.S. refiners have turned to several lesser-used oil suppliers in the wake of U.S. sanctions that restricted usual providers of widely-used grades as they gear up for peak driving season….