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N3.8bn: Fani-Kayode’s trial stalled due to Abuja detention

N3.8bn: Fani-Kayode’s trial stalled due to Abuja detention

The trial of a former Minister of Aviation, Femi Fani-Kayode, over money laundering involving N3.8 billion, before a Federal High Court in Lagos was yesterday stalled because he is currently being remanded in Abuja over another case of N26 million fraud.

Fayose’s ally, Agbele handed N1.2bn loot to me— Witness

Fayose’s ally, Agbele handed N1.2bn loot to me— Witness

The Economic and Financial Crimes Commission, EFCC, yesterday continued the examination of its first prosecution witness, Alade Oluseye Sunday, on a case of fraud against Abiodun Agbele, an ally of the State Governor , Ayodele Fayose, before Justice Nnamdi Dimgba of the Federal High Court sitting in Maitama,Abuja.

PRESCO Nig. Plc: Impressive 9-month draws fresh rally

PRESCO Nig. Plc: Impressive 9-month draws fresh rally

Presco recently commenced export of crude palm kernel oil. As such, we expect a further boost to topline growth in second half of 2016, in addition to market share gains on the back of competition (importers) struggling to obtain foreign exchange

Prices of goods, services hit all time high in October

Prices of goods, services hit all time high in October

The general rise in prices of goods and services in Nigeria hit an all time high of 18.3 per cent in October. This means that the prices of food items and other consumables have gone up considerably making it difficult for the average person to eat three square meals a day. Inflation has been on the rise for 12 months.