The Nigerian Stock Exchange (NSE) announced December 31, 2013, that Forte Oil plc (formerly AP plc), Nigeria’s foremost indigenous major marketer of refined petroleum products, and Transnational Corporation of Nigeria plc have been enlisted into the NSE 30 Index, a league of the Exchange’s most capitalised stocks, thereby commencing the new year as one of…
The popular saying that thunder doesn’t strike twice in the same place does not seem to apply to the crisis which is rocking Diamond Bank presently. Because in the case of this bank, thunder can struck more than three times. Weeks back, when Mi5 reported a fraud in the bank, which took place in Osogbo,…
The managing director of Access Bank, Aig Imokhuede is sure in a party mood, the banking whizkid who just laid off about 200 top staff for no reasons has just lavished close to a N200m (Two hundred million Naira) to bring one of the hottest R &B/ Soul songstress, Mariah Carey from the U.S. This…
Reputable pharmaceutical company- Fidson plc is battling a growing case of fraud. And sources claim accusing fingers are pointing at an influential figure in the company as the brain behind the development. The accused is fingered by those that have been implicated and sacked over the scam and some that have resigned in protest. He…
While some business oriented banks are declaring midyear profit others are swimming in tales of alleged mega fraud. Recent findings by theoctopusnews.com has revealed Diamond Bank is in big trouble, as it is about to be dragged to court for breach of contract. Digs by our reporter revealed that the bank earlier in the year…
Unarguably one of Nigeria’s most successful and best banks, Guaranty Trust Bank plc, has continued to soar higher leaving other competitors to wonder how the bank has remained a force to be reckoned with in the financial sector. In its released 2013 mid-year audited financial report, which ended on June 30, 2013 on the Nigerian…