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Complaints and Investigations

I bought shares worth N5, 000 from DAAR Communications Nig. Ltd. in 2005 or 2006. I paid the money through UBA, but since then, I have not been notified. Does it mean that before buying shares, somebody must have a Stockbroker? Or is it that my money is gone? (Christy, Bayelsa State)

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NIMASA serves detention order on NLNG vessels

The row over the payment of levies between the Nigerian Liquefied Natural Gas Company Limited, NLNG, and the Nigerian Maritime Administration and Safety Agency, NIMASA, took a new dimension at the weekend, as the latter served a detention order on vessels belonging to NLNG for none compliance to pay $20 million outstanding debts.

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Why bank fraud is on the rise, by SFU boss

Commissioner of Police in-charge of Special Fraud Unit, SFU, Mr. Tunde Ogunsakin, has attributed lack of well equipped forensic laboratories, data base of criminals, inadequate legislation and collaboration with private sector, as well as international collaborative framework as factors militating against the handling of bank frauds.

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Nigeria missing from global shale production

Nigeria is nowhere to be found in the growing list of shale oil and gas production in the world. In a recent report by the United States-based, Energy Information Administration, EIA, (statistical and analytical agency within the U.S. Department of Energy), the most prospective shale formations are found in a group of 41 countries.

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