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Bureau De Change
The Economic and Financial Crimes Commission (EFCC), acting Chairman Ibrahim Magu, has confirmed that over N2.8 billion was recovered from suspected pension thieves in the Office of the Head of the Civil Service of the Federation and Police Pension Office.
The Central Bank of Nigeria (CBN) has reportedly injected $3.6bn into the forex market since February.
The naira has appreciated by 30.3 per cent since February when the Central Bank of Nigeria began its aggressive interventions at the foreign exchange market, the News Agency of Nigeria reports.
The Naira on Tuesday maintained N362.5 to the dollar at the parallel market, the News Agency of Nigeria (NAN) reports.
The Economic and Financial Crimes Commission, EFCC, on Wednesday, told the Federal High Court in Abuja that its key witness in the ongoing trial of former governor of Benue State, Mr. Gabriel Suswam, has turned hostile and recanted evidence he earlier gave against the defendant.
The Naira on Tuesday traded at N362.5 to the dollar at the parallel market.
As the Monetary Policy Committee of the Central Bank of Nigeria commenced its last meeting for 2017, the bank injected $210 million into the inter-bank Foreign Exchange Market on Monday.
A prosecution witness in the ongoing trial of the former Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Andrew Yakubu, yesterday gave detailed account of how the sum of $9.7 million and £74,000 kept in a fireproof safe was recovered from his house (Yakubu).
The Central Bank of Nigeria has continued its sustenance of FOREX liquidity by injecting another $195 million into the inter-bank Foreign Exchange Market, even as the Naira maintains its strength.
The Federal High Court in Lagos has ordered the temporary forfeiture of Flat 7B Osborne Towers, Ikoyi, Lagos where the sums of $43,449,947, £27,800 and N23,218,000 were discovered stashed in iron cabinets and “Ghana-must-go” bags in April.
An 81-year-old man, Abdurrahman Amadu of Fora Village in the Kafur Local Government Area of Katsina State has been accused of being in possession of counterfeit United States dollars leading to his arraignment before a Katsina Senior Magistrates’ Court.
Former First Lady, Mrs. Patience Jonathan, has described reports that the Economic and Financial Crimes Commission, EFCC, traced N2.1 billion to her dead mother’s account as spurious, baseless and intended to mislead the public.
The Economic and Financial Crimes Commission has traced N2.114bn to the bank account of Magel Resort Limited, which was allegedly owned by Mrs. Patience Jonathan and her late mother, Mama Charity Oba.
An investigating officer with the Economic and Financial Crimes Commission (EFCC), Tosin Owobo, on Tuesday told a federal high court in Lagos how N21 billion belonging to the Nigerian air force was moved into some private companies’ accounts.
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The UN has called on member states to keep children safe online by safeguarding their privacy and protecting them from abuse and exposure to unsuitable materials.
Super Eagles coach Gernot Rohr has said they are now awaiting approval from world football governing body FIFA on their choice of a base camp in Southern Russia.
President Hassan Rouhani has said Iran is ready to restore its relations with Saudi Arabia if the kingdom end its “friendship” with Israel.
MainOne and Tizeti on Monday announced the completion of a joint development project with Facebook to enable the expansion of internet services in Lagos.
Real Madrid have twice lifted the Club World Cup and are seeking their third victory in in the United Arab Emirates to pull level with Barcelona and become the first side to retain the trophy.
The Sector Commander of the Federal Road Safety Corps (FRSC), Cross River State Command, Chidiebere Nkwonta, has said that about 120 people have lost their lives in road crashes in the state between January and December.
Gov. Aminu Tambuwal of Sokoto State, has described the late Emir of Katagum, Alhaji Kabir Umar, as a just ruler whose reign brought peace and development to the Katagum Emirate of Bauchi State.
The PDM was founded in the Third Republic by political icon, Shehu Musa Yar’Adua, with a view to achieving his ambition of becoming the country’s president, but he died without realising the ambition before the advent of the 4th Republic in 1999.
Real Madrid will have to overcome a mounting list of injuries and suspensions if they are to keep themselves in the La Liga title race when Sevilla visit the Santiago Bernabeu on Saturday.
Paul Aigbogun has stated Enyimba's readiness for the League Management Company-organised Super 6 tournament.