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The Economic and Financial Crimes Commission (EFCC) said it has recovered over N2 billion stolen funds in Rivers State within the year.
Justice Mojisola Olatoregun of the Federal High Court, sitting in Lagos, on Monday, sentenced and convicted a 35-year-old Cote d’Ivoire-based Nigerian, Grou Bi Clauvis, also known as Umeme Fabian Lotachukwu to 10 years imprisonment for unlawful dealing in 1.205 kilograms of methamphetamine, a prohibited drug.
Seven Systematicaly Important Banks (SIBs) of the Central Bank of Nigeria (CBN) have paid N499 billion on income tax expenses between 2011 and 2016
As part of efforts to encourage commercial banks to lend more to operators of micro, small and medium scale enterprises (MSMEs), the Central Bank of Nigeria (CBN) is considering lowering the cash reserve requirement (CRR) for SME-focused banks.
The Central Bank of Nigeria under the auspices of the Bankers’ Committee has concluded plans to use the Bank Verification Number of customers to blacklist loan defaulters from accessing further loans in the nation’s banking system.
The Central Bank of Nigeria (CBN) has disclosed that an estimated N118 billion ($384.98 million at N306.4/ Dollar) has been spent by the Federal Government on debt services/payments between January and September 2017.
The Central Bank of Nigeria has expressed concern that “not a penny” of the N26 billion Agri-Business, Small and Medium Enterprises Investment Scheme (AGSMEIS) has been disbursed nearly one year after its establishment, even as it expects the fund to hit N60 billion by the end of the year.
Securities and Exchange Commission (SEC), Debt Management Office (DMO) and other stakeholders have said that for the nation’s capital market to grow, there must be mechanism for efficiency, accountability and transparency across major economy players including the Central Bank of Nigeria (CBN).
The capital market operators on Sunday called on the Central Bank of Nigeria, CBN, and the Securities and Exchange Commission, SEC, to grant them single dealing license to access discount window.
Alhaji Ladan Baba, the Coordinator, National Youth Service Corps (NYSC) in Kano state says 500 corps members in the state were offered loan to establish their own business.
The Minister of Information and Culture, Alhaji Lai Mohammed, has said that the Federal Government would continue to provide an enabling environment for the growth of the creative industry in the country.
Dr Obadiah Mailafia, former Central Bank of Nigeria (CBN) Deputy Governor says that implementation of various economic policies in the country will help to grow the economy.
In its bid to diversify the country’s economy away from oil, in line with the Federal Government’s economic plan, the Central Bank of Nigeria (CBN) has announced a revamp of the N500 billion Export Stimulation Fund for the promotion of non-oil exports in the country using the Anchor Borrowers’ Programme model.
At least six soldiers died in two separate Boko Haram ambushes in Borno State, military and civilian militia sources said on Monday.
The National Chairman of the Peoples Democratic Party, Prince Uche Secondus, has appealed to all those that contested and lost at the convention not to feel bad, saying there was no victor and no vanquished.
The Federal Government on Monday announced that when some power generation projects were completed by 2018,they could generate additional 1,129 Mega Watts to the current 7,000 Mega Watts in the country.
Bitcoin surged past $18,000 after making its debut on a major global exchange but was trading lower on Monday, highlighting the volatility of the controversial digital currency that has some investors excited but others nervous.
Children's rights activists have condemned the pardon of two child rapists by the Tanzanian president.
Arsenal manager Arsene Wenger has ruled out the possibility of selling players in January to boost their World Cup hopes.
Ahmed Makarfi, former Chairman of the Peoples Democratic Party, PDP, Caretaker Committee, on Monday revealed why South West lost at the party’s National Convention.
The Securities and Exchange Commission (SEC) has begun the forensic audit of Oando Plc, contrary to reports that the exercise stopped due to the suspension of the Director-General of the Commission, Mr Mounir Gwarzo.
US President Donald Trump has told Palestinian leader Mahmoud Abbas that he intends to relocate the US embassy from Tel Aviv to Jerusalem, according to Palestinian officials.
The Academic Staff Union of Universities (ASUU), Nsukka zone, has insisted that it was high time Nigerians rose up to ensure that all of the nation’s public assets that were looted through privatisation, concessioning, Public-Private Partnership (PPP) and the likes were taken back from the looters.