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Business | Newsflash247


Customer Sues First Bank To Court Over Mastercard Fraud

7 days ago Admin 0
An aggrieved customer of the First Bank of Nigeria, Abolade Bode who resides in Nigeria, but whose account was alleged to have been fraudulently manipulated to shop in London and bought air tickets in Budapest, Hungary, in a bid to seek redress has renewed his legal battle against the bank. Joined as the co-defendant is Read More

Court Stops Police, DSS, EFCC From Arresting Lottery Operators

2 weeks ago Admin 0
The Federal High Court in Lagos on Tuesday restrained the police, the Economic and Financial Crimes Commission (EFCC) and the Department of State Services (DSS) from arresting lottery operators or disrupting their businesses for allegedly operating without their state licences. Justice Mohammed Idris held that it would be illegal to shut down lottery business because Read More

United Kingdom Finally Accepts Naira Payments For Transactions

2 months ago Admin 0
Britain’s export finance agency will add the naira to its list of “pre-approved currencies”, allowing it to provide financing for transactions with Nigerian businesses denominated in the local currency. The naira will become one of three West African currencies that UK Export Finance has pre-approved for its programme of funding transactions that promote trade with Read More

ALSCON: BFIG Writes Fayemi, Threatens Legal Action Over Rusal Takeover

2 months ago Admin 0
BFIGroup has threatened legal actions against the Minister of Mines & Steel Development, Kayode Fayemi, and the Director-General, Bureau for Public Enterprises, BPE, Alex Okoh, over their continued defiance of the Supreme Court’s ruling on the Aluminium Smelter Company of Nigeria, ALSCON, Ikot Abasi. The Executive Vice President/General Counsel of BFIG, Jimmie Williams, wrote to Read More

Multichoice DSTV/GOTV To Shut Down June 2019

2 months ago Admin 0
The Federal Government may have notified the management of MultiChoice DSTV/GOTV that their operations, in Nigeria, will come to an end in 2019 as their license expires June next year. According to a letter to that effect issued, on Tuesday, by the Nigerian Broadcasting Corporation(NBC), the license issued to them in 2014 by NBC will Read More

Man Uses Pure Water Nylon To build Bags, Shoes, Rain Coats & Others In Lagos

2 months ago Admin 0
Olayemi Oluwabamigbe Samson is an entrepreneur. He’s enthusiastic to see that people have a more suitable environment to live in our world. According to Olayemi, the initiative is a tripod cycle initiative aiming at a long-term plan to see that every pure water nylon becomes valuable even after usage. The strategic plan of the initiative Read More

PHOTOS: 2018 Lexus RX L Released With Third Row Seat

5 months ago Admin 0
Families will now be able to enjoy more space with their luxury utility vehicle thanks to the new three-row Lexus RX L models. The RX created the luxury crossover segment 20 years ago and has reigned supreme as the most popular luxury utility vehicle on the market. The 2018 RX 350L and RX 450hL models Read More

Salesman Steals N3.5m, Stakes It In MMM And Loses It

5 months ago Admin 0
The quest for quick and easy money has landed a 24-year-old salesman in court for stealing and staking N3.5 million in MMM, a Ponzi scheme. The salesman, John Okonkwo, who allegedly stole his employer’s N3.5 million and invested in the Mavrodi Mondial Movement (MMM) scheme, appeared before an Ojo Magistrates’ Court on Thursday. MMM is Read More

BVN: Banks that may suffer from deposit loss

6 months ago Admin 0
The biggest casualties in terms of deposit loss should the Federal Government go-ahead to implement court order on funds forfeiture for Bank Verification Number (BVN) non-compliant accounts will be the first generation banks, The Nation has learnt. These set of banks, according to an industry source who spoke anonymously, seem to have the largest number Read More

China hits market with 1.26b mobile phones

6 months ago Admin 0
China produced over 1.26 billion mobile phones in the first eight months of the year, including 932 million smart phones, according to the Ministry of Industry and Information Technology. The figures were announced at a summit on mobile innovation Thursday by Qiao Yueshan, with the ministry. According to the ministry, China produced about 1.3 billion Read More