Efforts by business mogul, Chief Cletus Ibeto, to stop Afribank Nigeria Plc from winding-up his company, IBG Investments Limited over a N11.4 billion owed the bank has failed as the Federal High Court sitting in Lagos dismissed his preliminary objection, challenging the suit.

Some university lecturers have described the reported mass failure of school leavers in public examinations as “grossly exaggerated”.

In recognition of its capability to fund big ticket transactions across the continent, United Bank for Africa Plc, UBA, has emerged the winner of the 2010 Afreximbank Financial Institutions Gold Awards 2010.

Anglo-Dutch oil giant, Shell, has denied media reports that it had infiltrated key Nigerian government ministries, giving it access to politicians’ every move in the country.

Nigeria is putting on hold a $500 million initial Eurobond offer originally planned for this year because of volatility in global markets but wants to launch the issue as soon as possible, government sources said weekend.