Home Topics Cash

Cash

The Economic and Financial Crimes Commission (EFCC) on Thursday in an FCT High Court in Maitama, re-arraigned a deputy director with the National Emergency Management Agency (NEMA), Emenike Umesi, for alleged misappropriation of N54.3 million.

EFCC records 48 convictions, N8.5 billion recoveries

The Economic and Financial Crimes Commission (EFCC) says it has recorded 48 convictions and recovered N8.5 billion in cash and assets within one year in the Ilorin zone.
Phone SMS is used for more than just text messaging in Africa

Report: Nigerian youths use mobile money for internet, others

GeoPoll, in a recent study to examine how African youths in six nations were engaging with financial services, noted that other top purchases with mobile money were airtime purchase, pay TV subscription and gambling
Organisation of Petroleum Exporting Countries (OPEC) | Reuters

OPEC’s share of Indian oil imports in October hits lowest since 2011

OPEC’s share of India’s oil imports fell to 73% in October, its lowest monthly share since at least 2011, tanker data from sources showed, as refiners shipped in fuel from the United States and other suppliers.
A man shows a wad of the new Zimbabwe two-dollar notes he received from a bank in Harare on November 12, 2019. (Photo by Jekesai NJIKIZANA - AFP)

Zimbabwe issues fresh banknotes to ease cash shortages

Cash-strapped Zimbabweans began using new banknotes and coins Tuesday, as the nation’s central bank seeks to ease chronic shortages.

Report: Emerging markets still deprived of fit-for-purpose financial systems

The lack of an efficient and resilient financial system is still holding back inclusive and sustainable growth in emerging markets. Policymakers, regulators and financial services organisations should more actively shape a financial system that is fit for purpose.
Malaysia’s former prime minister Najib Razak arrives for his trial at the High Court in Kuala Lumpur on November 11, 2019. (Photo by Mohd RASFAN - AFP)

Malaysian ex-premier’s first 1MDB trial to proceed

Malaysian ex-leader Najib Razak’s first trial linked to the 1MDB scandal will proceed after a judge ruled Monday prosecutors had made a sufficient case, boosting efforts to bring him to justice over the mammoth fraud.
Erelu Bisi Adeleye-Fayemi

Bisi Fayemi threatens arrest against unrepentant female circumcision perpetrators

The wife of Ekiti State Governor, Erelu Bisi Fayemi, has said the state government won’t hesitate to arrest those she described as “unrepentant” female genital mutilators (FGM) operating in the state.
Gov. Ifeanyi Okowa of Delta has sent a N27.9 billion supplementary budget for 2019 to the State House of Assembly for approval, increasing the initial budget figure of N390 billion to N417.9 billion.

Rising number of flood victims in IDP camps worries Delta governor

The Delta State Government has raised an alarm over the increasing number of flood victims at the Internally Displaced Persons (IDP) camps in the state.

Controller General sets up panel to investigate Ikoyi prison over undercover report

The Controller General of Nigerian Correctional Service, Ja’afaru Ahmed, has set up a panel to investigate Ikoyi Prisons following the exposure of corrupt practices in Nigerian prisons by Fisayo Soyombo, an undercover journalist.

Headies: Burna Boy, Wizkid, Tiwa Savage, others battle for Artiste of the Year award

Five top Nigerian artistes have been nominated in the Artiste of the Year category for this year’s Headies award
Zimbabwe President elect Emmerson Mnangagwa smiles in the garden of The State House in Harare on August 3, 2018, at the end of a press conference. Mnangagwa defended the landmark election in which he was declared victorious, despite claims from the opposition of vote-rigging. / AFP PHOTO / MARCO LONGARI

Zimbabwe’s leader begs for patience to fix ailing economy

President Emmerson Mnangagwa has acknowledged the economic hardships Zimbabweans are suffering and pleaded for patience to allow his government to fix the country's rapidly deteriorating economy.

Headies 2019: Burna Boy, Teni, Adekunle Gold dominate nominations — full list

Nigerian music stars, Burna Boy, Teni and Adekunle Gold, topped thd list of nominees for the 2019 Headies’ Award which was released on Monday.

Armed robbers invade Niger university, raid students’ hostel

Students of the Niger State-owned Ibrahim Badamosi Babangida University (IBBU) Lapai, got their own share of the rising insecurity in the state as heavily-armed robbers in the early hours of Monday raided the off-campus hostel of the University, catering always money and other students’ belongings.

Robbers invade Uniuyo female hostel, cart away valuables

Suspected armed robbers, on Wednesday night, invaded the female hostel of University of Uyo, Akwa Ibom State, and carted away undisclosed amount of money and valuables.
Nigerian National Petroleum Corporation (NNPC)

NNPC ‘not tax agency’

The Nigerian National Petroleum Corporation (NNPC) yesterday said the collection of taxes and other cash due to the Federal Government in the oil and gas industry was not its responsibility.
Europol Office

Police arrest Finnish gang trafficking Nigerian prostitutes

European police have arrested six suspected members of a Finnish-led gang who trafficked Nigerian women for sex, AFP news agency quoted officials as saying.

Thirty escape as bus catches fire in Onitsha

No fewer than thirty women and children on Friday escaped death by whiskers after a Coaster bus conveying them went into flames in Onitsha, Anambra state.
nigeria police

Police arrest 40 kidnap suspects, rescue kidnap victims in Katsina

The newly launched “operation puff adder,” by the Inspector general of Police, Mohammed Adamu, to rid the North Western states of kidnapping and banditry activities appeared to be yielding quick results as the Katsina State Command Wednesday evening paraded about 40 criminals arrested for various offences ranging from kidnapping, banditry, armed robbery, rituals and supplying of logistics to perpetrate criminality in the 8 frontline local government areas of the State

Recent Stories

NBC: Federal government not out to gag Nigerians

The National Broadcasting Commission (NBC), has said the new broadcasting regulations were not intended to gag Nigerians from expressing their views.

141 hospital staff investigated for giving free medicals to friends

Some 141 doctors and paramedics at a public hospital in Rome have been charged with fraud for giving free medical tests to friends and family evading regional taxes, police said on Friday.

Forex: Central bank injects $292.34 million, CNY 22.8 million into Retail SMIS

The Central Bank of Nigeria (CBN) on Friday, February 21, 2020, continued its intervention in the inter-bank foreign exchange market by injecting the sum of $292.34million into the retail Secondary Market Intervention Sales (SMIS).
Kwara State Governor Abdulraham Abdulrazaq

Kwara state-owned newspaper gets acting general manager

A new acting General Manager has been appointed for the Kwara State Printing and Publishing Corporation (The Herald Newspapers).

Imo renames college after late Senator Uwajumogu

The Imo State government has renamed the Imo State College of Education, Ihitte Uboma after the late Senator Benjamin Uwajumogu as a way to mortalizing him for his service to the state.