EFCC Recovers Unremitted N4.16b From Lottery Firms
The Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Mohammed Abba, said yesterday the commission recovered over N4.16…
Category: Local
174,574 Apply For COVID-19 N75bn MSME Survival Fund
Within 48 hours a total of 174,574 persons successfully registered for the N75bn National MSME Survival Fund and the Guaranteed…
CBN Pulls Rate Cut Trigger, King Dollar Returns
In a move that caught investors off-guard this week, the Central Bank of Nigeria (CBN) slashed interest rates by 100…
Nigeria: Lagos Govt Calls For Monthly Payment Of House Rent
The Lagos State Government has called on stakeholders in real estate, to work out modalities for residents to pay house…
Illegal Levies, Taxes Affecting Cross River’s Economy
Emmah Isong, chairman of Cross River State Anti-tax Agency, warned that anybody caught sabotaging the antitax agency will face the…
Funding Approved For $US 1.96bn Nigeria
THE Nigerian Federal Executive Council has approved $US 1.96bn in funding for the construction of the 284km cross-border Kano –…
Buhari’s Orders To The Central Bank Are Harming Its Credibility
RECENTLY, after reading, for the umpteenth time, about President Muhammadu Buhari’s “orders” to the Central Bank of Nigeria, CBN, I…
Nigerians In Switzerland Petition EFCC, SGF, Ministry Over Alleged Corruption In Embassy
Nigerian Youth Movement of Switzerland has written a petition letter to the Economic and Financial Crimes Commission (EFCC), Secretary to…
Nigeria To End Fertilizer Importation By 2023
Citing the over 33 fertiliser blending plants across the country, currently producing about five million metric tonnes (MT) of fertilizer…
Exclusive: Nigeria’s Buhari To Send Long-Awaited Oil Reform Bill To Senate
Nigerian President Muhammadu Buhari has signed a long-awaited oil-reform bill and it will be formally presented in the Senate as…
CBN’s Directive On Destination Payment For All Form M, Letter Of Credit And Other Forms Of Payment
The Central Bank of Nigeria (CBN) issued a Circular Ref. No. TED/FEM/FPC/GEN/ 01/005 of 24 August 2020 to the effect…
CBN Prepares For Recession, Reduces Benchmark Lending Rate To 11.5%
The Central Bank of Nigeria on Tuesday reduced the Monetary Policy Rate by 100 basis points from 12.5 per cent…
Low Remittance: FG To Deploy Revenue Directors To NPA, NIMASA, Others
Challenged by dwindling revenue and crippling debt amid the COVID-19 pestilence, the Office of the Accountant-General of the Federation (OAGF)…
British Lawmaker Expresses Concern Over Growing Violence In Nigeria
A member of the British House of Lords, Upper House of the Parliament of the United Kingdom (UK), Baroness Anne…
Fresh Concern Over Contract Secrecy In Nigeria’s Oil, Gas Sector
The secrecy shrouding terms and conditions of contracts in Nigeria’s extractive sector has, once again raised concern for stakeholders, especially…
UPDATE 2-Nigeria’s Central Bank Cuts Benchmark Rate To 11.5% In Unexpected Move
Nigeria’s central bank cut its benchmark lending rate on Tuesday by 100 basis points to 11.5% in a surprise move…
Coronavirus Accelerates Nigeria’s Digital Banking Push
Civil servant Amos Dam is frustrated after waiting two hours to enter a bank in Nigeria’s capital Abuja. He is…
CBN To Share In Farmers’ Losses
The Central Bank of Nigeria on Tuesday said going forward, it would be sharing the losses incurred by farmers on…
COVID-19: NCAA Threatens To Stop Domestic Flights Over Non-Compliance
The Nigerian Civil Aviation Authority on Monday says it observed that some airlines operating domestic flights in the country are…
Your Bank May Not Be The Only One With Your Banking Information
There’s a popular misconception that banks are the only ones with account holders’ banking information such as their Bank Verification…
Chemical Union Seeks Reversal Of CBN’s Forex Policy
The National Union of Chemical Footwear Rubber Leather and Non-Metallic Products Employees (NUCFRLANMPE) has urged the Central Bank of Nigeria…
Nigeria Unexectedly Cuts Key Rate On Recession Threat
The Central Bank of Nigeria unexpectedly cut its key interest rate to the lowest since 2016 on concerns of a…
Update 1-Nigeria’s Cenbank Cuts Benchmark Rate To 11.5%
Nigeria’s central bank cut its benchmark lending rate on Tuesday by 100 basis points to 11.5% in an attempt to…
Guide To Buying Land & House In Nigeria
Buying land in Nigeria involve various legal requirements and key procedures to be followed. The first key step towards purchasing…
How FG Spent N8.9t On Subsidy In 10 Years -PPPRA
The Petroleum Products Pricing Regulatory Agency (PPPRA) says the Federal Government has spent a total of N8.94 trillion on oil…
$500m Investment Lands In Kaduna
Gov. Nasir El-Rufai of Kaduna state, said his administration has attracted 25 new businesses worth over $500 million as it…
FG Monthly Oil Sales Revenue Tumbles By 75%
The Federal Government saw its crude oil sales revenue plunge by 74.89 per cent in July to a record low…
Nigeria: Inflation, Forex Scarcity Worsens Woes In Manufacturing Sector
Growth rate in the manufacturing sector is projected to suffer further decline in September and third quarter of 2020 as…
Work On Oyo Dry Port Project In Progress
Oyo State Government has said work on its Ibadan Dry Port project is in progress. Director-General, Oyo State Investment and…
Brazen Nigerian Crypto Scam Inksnation Still Operational Three Months After Regulator Warning
One of Nigeria’s most brazen crypto scams, Inksnation remains operational and still invites new investors some three months after the…