Dino Melaye, the senator representing Kogi west at the national assembly, has accused Okechukwu Enelamah, minister of industry, trade and investment, of colluding with ‎MTN to illegally move $13.92billion out of Nigeria. Melaye alleged that the money was moved out of the country between 2006 and 2016. In a motion on the floor of the…
The United Bank for Africa (UBA), Africa’s leading Pan-African bank, recently hosted a cocktail reception for US and African business leaders at the Essex House in New York City. The event was held alongside the UNGA and right after the US – Africa Business Forum(USABF) which was organized by Bloomberg and the United States department…
Though the Ogun state government under the able leadership of Governor Ibikunle Amosun is doing all his possible best to attract foreign investor to the state to further boost the revenue base of the civil servant state and provide jobs opportunities for the indigenes of the state. However this magazine gathered that the governor is…
The Governor of the apex bank Godwin Emefiele is seriously thinking about life after his tenure in the banking and corporate world . Global News gathered that Emefiele despite his tight schedule has purchased over 200 hectares of land somewhere in Owode Egba in Ogun state,South -West of Nigeria. Those who have had opportunity to…
As car dealers groan THERE is the possibility of an increase in prices of bread any moment from now as members of the Bakers Association of Nigeria, Oyo State, chapter are set to meet next week following a major increase in prices of production materials. This was disclosed to Saturday Tribune by a member of…
In what will come as a rude shock to many Nigerians who knew him and his company’s networth, it appears the dark days are here for the boss of Oando Oil Plc Wale Tinubu, if what is filtering in is anything to go by. As you all know that Global News will always be the…
The foreign airlines threatened to close shop in Nigeria due to the lingering forex crisis, the National Association of Nigerian Travel Agencies, NANTA has warned that the country travel industry is at the risk of losing over 300, 000 jobs. This is coming as anxiety continues to mount over the $591 million foreign airlines money…
Serial entrepreneur, philanthropist and promoter of Africaptalism, Tony O. Elumelu on 27 May 2016, delivered an inspiring speech in Paris, France, selling Nigeria as an investment destination to the French business community. Elumelu, who is the Chairman of Pan-African banking group, United Bank for Africa (UBA) Plc and proprietary investment firm, Heirs Holdings delivered the…
The joke is on Kola Aluko right now; having scorned the subtle nudge of reason in prosperous clime, Kola could not foresee his doom and eventual collapse of his oil business. It is sadder that Jide Omokore, his partner and benefactor, for whom he fronts, cannot prevent the once profitable cash-cow from untimely death in…
The bitting harsh economy situations in the country has claimed yet another casualties in the foods and beverages sectors in the country with the recent laid off well over five hundred of there staff. The stay at home order cut across all the departmets ranging from junior and top management levels. Learnt that there has…
