Banks fail to adopt single rate on dollar asset reporting Banks  have not adopted a uniform exchange rate in reporting foreign currency assets in their financial statements, a Fitch Ratings report has said. The banks’ action falls below the International Financial Reporting Standards (IFRS) which the lenders are expected to comply with. Many of the Tier-1 banks have released their ... Read More »

MMM founder, Sergei Mavrodi, dies of heart attack World MMM founder, a Russian company that ran one of the world’s largest Ponzi scheme, Sergei Mavrodi is dead. According to Russian state news agency, the 62-year-old, died  of heart attack in Moscow. Reports said he was rushed to the hospital late on March 25 with pain in his chest and died several ... Read More »

Israelis ‘gave firm information to help Jonathan win 2015 poll’ Israelis hacked into President Muhammadu Buhari’s private e-mail and gave the materials to Cambridge Analytica, a firm hired by former President Goodluck Jonathan to provide “advertisement and marketing services” in support of his 2015 re-election campaign. According to a report by “The Guardian” and “Observer”, claiming to have spoken to ... Read More »

The Supreme Court has dismissed an appeal by Ondo State Governor, Oluwarotimi Akeredolu for lack of merit. Akeredolu had, by the appeal, challenged a July 20017 judgment of the Court of Appeal, Abuja, which upheld an order by a Federal High Court in Abuja, granting permission to Olusegun Abraham to serve Akeredolu through substituted means, court documents in relation to ... Read More »

  The Ogun State Government has commended Promasidor Nigeria Limited for initiating a career guidance workshop for secondary school students, describing it as a laudable effort towards the development of education and youth empowerment in the country. Speaking at the second edition of Promasidor Harness Your Dream programme, organised by the makers of Cowbell, Milk, Loya Milk, Onga, Top Tea ... Read More »

The Inspector-General of Police, Ibrahim Idris,  has suspended by one month, the withdrawal of  policemen attached to VIPs across the country. The suspension of the order, which was billed to be immediate, when announced on Monday, followed Idris’ meeting with the Commanders of Police Mobile Force (PMF), Counter Terrorism Unit (CTU) and Special Protection Unit (SPU). The meeting was held ... Read More »

Victor Oluwadamilare, Special Assistant Media to Mr. Adebayo Shittu, Minister of Communications, has accused his boss of greed and wickedness. Mr. Olwuadamilare made the allegations in a letter to the minister. Dated 12 March and exclusively obtained by SaharaReporters, the former spokesperson’s letter said Mr. Adebayo owes him the sum of N13million in emoluments from November 2015 to the end ... Read More »

  Child X, the pupil allegedly defiled by Adegboyega Adenekan, a 47-year-old Chrisland School supervisor, on Thursday testified at an Ikeja Sexual Offences and Domestic Violence court in Lagos and confirmed that she was abused. Child X, who is now four-years-old, was two years and 11-months at the time the alleged defilement occurred serially in 2016 at the Victoria Garden ... Read More »

      Kogi State Governor, Yahaya Bello on Thursday reacted to a video of Senator Dino Melaye, representing Kogi West, saying he has been roundly defeated and cannot do anything. Dino Melaye. in the recently released video on Instagram was seen singing, dancing and mocking the governor. Speaking with State House correspondents on the sidelines of the expended National Economic Council meeting at the Presidential ... Read More »

Former President Olusegun Obasanjo on Thursday revealed that he would write another explosive letter on burning national issues, but said it will take a little while. Obasanjo also said that the Coalition for Nigeria Movement (CNM) was making an appreciable progress in mobilising Nigerians ahead of 2019, saying over 3,000,000 people, including himself, had so far registered as members. The ... Read More »