Court convicts Bank PHB’s Francis Atuche, Ugo Anyanwu of ₦25.7 bilion theft
A Lagos State High Court sitting in Ikeja on Wednesday sentenced the former Managing Director of defunct Bank PHB, Francis Atuche and a former Chief…
Nigeria’s reserves drops by $1.4bn in two months
Nigeria’s external reserves drop by $1.4bn in two months, falling from $35.25bn as of April 16, to $34.23bn as of May 31 and $33.85bn as…
World Bank advises CBN to adopt clear forex policy
The World Bank on Tuesday advised the Central Bank of Nigeria (CBN) to provide a clearer and more predictable foreign exchange (forex) management policy for…
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Nigeria’s Central Bank to print Gambian Currency
The Central Bank of Nigeria, CBN, says it is ready to mint the Gambian Dalasi at the Nigerian Security Printing and Minting PLC (NSPMC) facility…
I’ve been getting death threats from high profile Nigerians, says EFCC chairman
Chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, has said that he has been receiving death threats from high profile Nigerians as…
CBN to introduce digital currency in Nigeria
The Central Bank of Nigeria (CBN) has revealed plans to introduce digital currency before the end of 2021.
Resign if you can’t perform, House tells FIRS boss
The House of Representatives Committee on Public Account (PAC) yesterday asked the Executive Chairman of the Federal Inland Revenue Services, (FIRS) Mr. Muhammad Mamman Nami,…
Your welfare is being taken care of, don’t commit suicide – IGP tells police officers
The Inspector-General of Police, Usman Baba has appealed to police officers not to commit suicide while on the job. In his speech during a visit…
Don’t pay ransom if I’m kidnapped, says El-Rufai’s wife
Hajia Asia el-Rufai, Wife of Kaduna State Governor, Nasir el-Rufai, has said no ransom should be paid in case she is kidnapped by bandits. One…
Importers, agents groan as Customs adopt N404.97/$1 as new import duty rate
Importers in the country are to pay more, as the Federal Government, through the Central Bank of Nigeria (CBN) adopts a higher exchange rate band…
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President Buhari receives first ever Made-in-Nigeria Mobile Phone (Photos)
Nigeria’s President, Muhammadu Buhari on Wednesday received the first ever Made-in-Nigeria Mobile Phone. The President received the mobile device at a virtual Federal Executive Council…
Northern traders threaten to cut off food supply nationwide
The Amalgamated Union of Foodstuffs and Cattle Dealers in Nigeria (AUFCDN) has threatened to resume its strike and cut off food supply nationwide to protest…
UK businesses in Nigeria ask FG to provide more forex
United Kingdom companies operating in Nigeria on Thursday asked the federal government to provide more foreign exchange (forex) for them to meet their financial obligations.
One dollar now N499, Euro N605, British pounds N703
The pressure on the Nigerian currency continues to mount, as it is currently one step away from entering the N500/$1 mark on the parallel market…
Nigeria has 9,100 dollar-millionaires, worth $207bn
Nigeria has recorded about 9,100 high net worth individuals (HNWIs) each with minimum net assets of one million dollars and a combined total wealth of approximately $207 billion, as at December 2020.
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Romance scams: U.S. charges 6 Nigerians, Ghanaian soccer star, Osumanu
Six Nigerians, one American and two Ghanaians, including a soccer player Abdul Osumanu have been indicted by a federal grand jury sitting in Charleston, West…
Woman killed in her room with her vital organs removed hours after coming home with a strange man in Edo state
A 29-year-old lady was on Tuesday, June 1, found dead in her room in Mosogar in the Ethiope West Local Government Area of Delta State,…
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MTN issues Nigerian N110bn bond
Telecoms company MTN Nigeria has issued a N110 billion bond as it seeks to manage its debt and finance infrastructure investment. The Nigerian subsidiary of…