Volume II, Issue 18

This week on the June 08, 2009 edition of Fortune&Class Weekly:

FIRS bars ETB, Spring Bank, Wema Bank – The Federal Inland Revenue Service (FIRS) has barred three banks from collecting taxes and other revenue due to the federal government on its behalf.

The banks, Equitorial Trust Bank (ETB), Spring Bank and Wema Bank were given the [...]

WHEN THOSE THAT ARE PAID TO KNOW DON’T KNOW

Arguably, the only factor present with us is inflation and economic instability which has to do more with poorly formulated policies and halt-heated application of same. This situation has been long with us and is not about leaving us. So how do we manage it to our advantage, particularly the businesses?

Lists 2: 20/40 BUSINESS PROJECTS US EX-IM BANK IS READY TO FINANCE IN NIGERIA (II)

The United States of America Export-Import Bank (Ex-Im Bank) is the official export credit agency of the United States. Ex-Im Bank assists in financing the export of U.S. goods and services to international markets. This enables large and small U.S. companies to turn export opportunities into real sales that help to maintain and create U.S. [...]

SUNDAY AKINTOLA: HOW MUSHIN HOME BOY GREW MULTI-MILLION NAIRA BUSINESSES IN MUSHIN, LAGOS

SUNDAY AKINTOLA is specially proud of beating all the odds as a home boy growing up in the densely populated Mushin area of Lagos State to become a successful owner of business chains that span micro finance and telecommunications. In this interview with GOKE OLUWOLE, and TAI ADEWALE SHOFELA, Chairman of Sovereign Micro Finance [...]

IS THE PRESIDENCY STILL ON VACATION?

It is no longer news that the problem Nigeria is having and may continue to haunt her has to do with lack of a functional plan or not planning at all or both. Either way, the fact remains that we need to do some re-think by way of seeing to it that we have a [...]

20/40 BUSINESS PROJECTS US-EX-IM BANK IS READY TO FINANCE IN NIGERIA

The United States of America Export-Import Bank (Ex-Im Bank) is the official Export Credit Agency of the United States. Ex-Im Bank assists in financing the export of U.S. goods and services to international markets. This enables large and small U.S. companies to turn export opportunities into real sales that help to maintain and create U.S. [...]

REAL ESTATE ATTRACTION SETS TO MOVE FROM MOWE-OFADA TO MILE 2-BADAGRY, LAGOS-NIGERIA

Land speculators are already contemplating a field day in the Mile2-Badagry corridor of Lagos State. The new wave of expectation that currently suffuse the community of land owning families in this corridor was engendered by the now obvious determination of the Lagos State Government to expand the Mile2-Badagry Express Road to a 10-lane express road, [...]

‘Shit Business is Truly a Serious Business’

By ol’Victor Ojelabi
Being compelled to write this story, I was trying to find the link. Yes, the link. Because I would have to convince you that mobile toilet and automobiles could be compatible. “It is a sheer display of writing skill, he is just trying to earn his pay,” you may say. Well, maybe, maybe [...]

YAR’ADUA AWARDS POWER PLANT CONSTRUCTION TO INDICTED COMPANIES

Nigeria, still smarting from a failed energy policy and implementation procedure during the Chief Olusegun Obasanjo presidency may yet be set for another merry-go-round in the endless search for the appropriate strategy and implementation procedure to increase capacity for electricity power generation under the administration of President Umar Musa Yar’Adua.
A probe panel empanelled by the [...]

ATUCHE MAY LOSE BANKPHB DEPOSITORS’ NBILLION IN CONTROVERSIAL SPRING BANK ACQUISITION: CBN, SEC, NSE INVOLVED

There is no concise dictionary definition of a bubble share, yet, this rather strange sounding lingo, has become the issue at the heart of the alleged controversial acquisition of Spring Bank Plc by BankPHB Plc. Roughly, bubble share may mean shares held by an individual investor or body corporate that, however, cannot be classified as [...]