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Ahead of trial for laundering of $2 million, the Economic and Financial Crimes Commission (EFCC) has detained Abdullahi Babalele, who is a son-in-law to ex-Vice President Atiku Abubakar, and Atiku’s lawyer, Mr. Uyi Giwa-Osagie.
A whistle blower, George Uboh, has challenged the plan by the federal government to extend the appointment of the Governor of the Central Bank of Nigeria (CBN), Godwin Emiefele
Travelex Nigeria Limited at the weekend disclosed that Nigeria and other African countries “are losing over $50 billion annually through illicit financial flows.”
The Association of Bureaux de Change Operators of Nigeria (ABCON) has set N250 to dollar exchange rate agenda for President Muhammadu Buhari in his second term in office.
The Association of Bureaux De Change Operators of Nigeria and the Economic and Financial Crimes Commission have extended the campaign against money laundering and terrorism financing to Bureaux de Change operators at the Murtala Muhammed Airport 2 (MM2), Lagos.
Association of Bureaux De Change Operators of Nigeria, ABCON, has called on the Central Bank of Nigeria, CBN, to implement provisions of its 2014 circular which makes BDCs direct agents of international money transfer operators, IMTOs, as obtained in other countries.
As the National Bureau of Statistics (NBS) releases its December 2018 inflation figures this week, leading research firms in the country, FSDH Research and Financial Derivatives Company (FDC), said in their forecasts at the weekend that the nation’s inflation rate for December 2018 would increase.
The strategic partnership between the Central Bank of Nigeria (CBN) and Association of Bureaux De Change Operators of Nigeria (ABCON) on foreign exchange (forex) supplies and sustenance of market integrity helped the naira’s stability in 2018.
The Coalition of Civil Society Group (COCSG) has commended the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, for implementing policies that have helped stabilise the economy.
Within a space of six months this year, the Central Bank of Nigeria (CBN) has so far expended about $20.91 billion to stabilise the naira at the various segments of the foreign exchange (forex) market.
The Central Bank of Nigeria has injected over $10.97bn, into the Forex Market between January and October this year, to defend the Nation’s currency, the Naira, against other major currencies, including the dollar.” (See Punch Newspaper report of November 18th 2018 titled “CBN Defended Naira with $11bn in 10 months”).
The Association of Bureau De Change Operators of Nigeria (ABCON) has said that Central Bank’s new corporate governance policy limiting the tenure of directors of BDCs might be difficult to implement.
The Association of Bureau de Change Operators of Nigeria has kicked against the on-going banks’ suspension of bureau de change (BDC) accounts and demanded for tax remittances on turnover volumes.
Banks have placed a ‘Post no Debit’ notice on the accounts of some Bureaux de Change operators, demanding that they remit taxes on their transaction turnover.
The Central Bank of Nigeria (CBN) on Tuesday injected 210 million dollars into the inter-bank Foreign Exchange Market to sustain liquidity.
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Clayson Monyela, spokesman of the Department of International Relations and Cooperation (DIRCO) in South Africa, says Nigeria overreacted to the recent xenophobic attack in the country.
While in the house, the 29-year old won the Innoson vehicle valued at over N3m, and a N220,000 Scanfrost TV.
A Medical Practitioner, Dr Tony Momoh, has advised government to fix dilapidated health infrastructure and provide equipment to make the health sector more functional.
The House of Assembly Elections Petition Tribunal sitting in Ibadan on Sunday upheld the elections of two People’s Democratic Party (PDP) assembly members in Oyo State.
A chieftain of the Peoples Democratic Party, PDP, Femi Fani-Kayode, has revealed the man that can save South Africa at this moment.
A Nigerian Shiite organisation, Islamic Movement in Nigeria (IMN), said 12 of its members were killed in a nationwide crackdown on Tuesday.
The Acting Chairman of the Economic and Financial Crimes Commission, EFCC, Ibrahim Magu, has pledged the Commission’s collaboration with the National Agency For Prohibition of Traffic in Persons, NAPTIP, in the discharge of its duties.
Olympic Qualifier: Chiamaka Nnadozie, Chinaza Uchendu, Chidinma Okeke make Nigeria return for Cote d’Ivoire...
Nigeria coach Thomas Dennerby has called up 37 players for the 2020 African Women's Olympic Games qualifier against Cote d'Ivoire later this month.
Chief of Air Staff (CAS), Air Marshal Sadique Abubakar, has charged personnel of the Nigerian Air Force (NAF) to remain dedicated to their constitutional responsibility of securing Nigeria.
The Nigerian Air Force said on Thursday that gun trucks belonging to Boko Haram terrorists have been destroyed through air strikes, while the occupants were neutralised.