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Wash Post's Pulitzer Prize-winning business columnist is no expert on newspaper business

I’ve long suspected that Academy Awards and Pulitzer Prizes had something fundamental in common. Often, they are bestowed upon those who most loudly voice or exemplify how their industries like… more →

The Future of News

Access Bank in dilemma over N3Million excess bank charges

Fortune&Class wrote 1 month ago: The controversy generated in consequence of an Access Bank Plc customer accusation of stealing and c … more →

Tags: Access Bank, advisory & consultation fee, CBN!, commitment fee, duty to keep customer's account accurate, excess bank charges, forensic consultant, Forensic Consulting, guide to bank charges

The Rogues Behind Vista International unveiled!

Fortune&Class wrote 1 month ago: The exposition of the brazen breach of basic business transaction procedure by Vista International L … more →

Tags: adedotun ajiboye, anoop viryani, dev viryani, fortune&class weekly, Indians, tolaram group, tony uzurigbo, vaswani brothers, vista international

Conoil Plc, Mike Adenuga's Oil Coy, in trouble!

Fortune&Class wrote 1 month ago: With the public chastising of Conoil Plc last Wednesday by members of the Senate Committee on Public … more →

Tags: conoil nigeria, conoil petroleum, conoil plc, economic financial crimes commission, federal inland revenue services, MIKE ADENUGA, mike adenuga's oil company, petorleum equalisation fund, sanjay mansur

Banks battle to stem Forex round tripping — 2 comments

Fortune&Class wrote 2 months ago: With reports of foreign exchange round-tripping rocking some commercial banks in the country, most b … more →

Tags: Banks, basic travel allowance, BTA, foreign exchange ound tripping, Forex, parallel market, round tirpping, round tripping, visa

Crisis at Transcorp worsens…Tom Iseghogi Management Style worries stakeholders — 1 comment

Fortune&Class wrote 2 months ago: The storm at TransCorp Plc, the blighted corporate contrivance …continue here. … more →

Tags: adedayo ojo, cisco and dimension data, nitel, tom iseghogi, trans national corporation, transcorp

Fidelity Bank admits to cheating customer N21million

Fortune&Class wrote 2 months ago: The single minded crusade against Nigerian banks’ alleged excess charges … continues here. … more →

Tags: Advisory Service, cheating customer, commission on turnover, COT, Fidelity Bank, ikebudu industrial co. nigeria ltd, Ori Adeyemo, Reginald Ihejiahi

First Bank joins Access, GT Banks adopt IFRS

Fortune&Class wrote 2 months ago: Two Nigerian banks, First Bank Nigeria Plc and Access Bank on Wednesday adopted… continues her … more →

Tags: Access, Firstbank, GTBank, IFRS, international financial reporting standard

Politicisation of Nigeria’s Capital Market …Why AP Shareholders will not get justice over Share Manipulation — 2 comments

Fortune&Class wrote 2 months ago: There are growing worries by capital market stakeholders and, especially, …continues here. … more →

Tags: femi otedola, SEC, Aliko Dangote, adedotun sulaiman committee, ap shareholders, musa al-faki, politicisation of NIgeria's capital market, secrutities and exchange commission, share price manipulation

Threat to suspend bank MDs …Soludo goofs again

Fortune&Class wrote 2 months ago: Obviously determined to put the lie to the critical review of… continues here. … more →

Tags: 15 per cent, 24 per cent, bankers' committee, bofi act, CENTRAL BANK OF NIGERIA, Class A Bureau de Change window, corporate attorneys, deposit rate, first time offender

Doing Business with Zain is suicidal - Dealers

Fortune&Class wrote 2 months ago: It would seem as if major dealers of GSM network giant, continues here. … more →

Tags: Commission, EFCC, Collateral, Subscribers, Zain, fortune&class weekly, national communication commission, NCC, CELTEL

ZAIN dragged before NCC for Exploitation and Cheating

Fortune&Class wrote 3 months ago: Click here to read. … more →

Tags: Business's, CELTEL, ernest ndukwe, Exploitation, Forensic Accountant, lagos coastland region, national communication commission, NCC, News

AP Share Price Manipulation: NSE, SEC, House of Reps side Dangote — 1 comment

Fortune&Class wrote 3 months ago: “He should be in prison,” Otedola said. Not a few investors in the shares of Africa Petroleum Pl … more →

Tags: africa petroleum plc, ap shares manipulation, bisi iyaniwura, Business, CSCS, dangote, equity price maniulation, eugene anenih, Forbes

World's Richest List: Why Mike Adenuga, Jimoh Ibrahim didn't make it — 3 comments

Fortune&Class wrote 3 months ago: In a direct confirmation of Fortune&Class Weekly news report of last week, the Forbes magazine, … more →

Tags: african petroleum, Aliko Dangote, conoil, femi otedola, Forbes Magazine, fortune&class weekly, globacom gsm service, Jimoh Ibrahim, MIKE ADENUGA

SEC to force Finbank to list 2008TO LIST OVERDUE 2008 PUBLIC OFFER

Fortune&Class wrote 3 months ago: In the consideration of mainstream investment community the public offer conducted by Finbank, (kno … more →

Tags: BGL Securities Ltd, Capital Market, Deap Trust Investment Ltd, finbank, FinBank Registrars Ltd, first inland bank, FirstInland Bank Plc, FirstInland Capital Ltd, FirstInland Securities & Assets Management Ltd.

BGL PRIVATE PLACEMENT FAILED PROMISE…INVESTORS REGRET — 1 comment

Fortune&Class wrote 3 months ago: The investment environment was way different back in November 2007 when BGL one of Nigeria’s leadin … more →

Tags: failed, Nigerian stock market, Securities and Exchange Commission, banking industry, all share index, bgl private placement, capital market services, dividend payout, investors regret

SEC TO FORCE FINBANK TO LIST OVERDUE 2008 PUBLIC OFFER

Fortune&Class wrote 3 months ago: In the consideration of mainstream investment community the public offer conducted by Finbank, (kno … more →

Tags: SEC, Capital Market, Securities and Exchange Commission, finbank, News, overdue 2008 public offer, first inland bank, sec tower, FirstInland Bank Plc

OTEDOLA, DANGOTE’S RELATIONSHIP GETTING MESSIER: AP N40BILLION PUBLIC OFFER MONEY TRAPPED IN BANKS — 1 comment

Fortune&Class wrote 3 months ago: When a very top official of the National Accounting Standard Board told a gathering that a total N40 … more →

Tags: african petroleum, Aliko Dangote, AP, dangote, femi otedola, national accounting standard board, Nigerian Banks, otedola, public offer money

CENTRAL BANK NEW NAIRA DEFENCE STRATEGY TO FAIL… FOREX ROUND TRIPPING DEEPENS — 5 comments

Fortune&Class wrote 3 months ago: Governor of Central Bank of Nigeria, Prof Chukwuma Soludo, may be fighting a lost battle in the fore … more →

Tags: akin akigbala, bank official, Bank Rate, banks officials, bureau de change operators, Business, buy hard currencies, CBN!, central bank new naira defence

CENTRAL BANK NEW NAIRA DEFENCE STRATEGY TO FAIL… FOREX ROUND TRIPPING DEEPENS — 2 comments

Fortune&Class wrote 3 months ago: Governor of Central Bank of Nigeria, Prof Chukwuma Soludo, may be fighting a lost battle in … more →