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Nigeria named among highest new users of bitcoin

Nigerians usage of bitcoin has continued to rise despite warnings by the Central Bank of Nigeria that digital currencies are not legal tender.

Central bank makes new appointment

The Central Bank of Nigeria (CBN) has appointed Ahmed Bello Umar as the new Director, Currency Operations.

House of Reps: c covers less than 5 per cent of Nigerians

The House of Representatives Joint-Committee on Insurance & Actuarial Matters, Health Services and Health Institutions, has disclosed that despite a steady guzzle of billions of public funds in 15 years, the National Health Insurance Scheme (NHIS) has captured less than five per cent of Nigerians.

IPPIS: Why CBN, NNPC are not on our platform

The Integrated Personnel Payroll Integrated System says the Central Bank of Nigeria, the Nigerian National Petroleum Corporation, the Federal Inland Revenue Service and a few other agencies are not on their platform because these agencies are revenue-generating entities.

Women groups seek review of N50 stamp duty charges

Some women groups have called for further review of the N50 stamp duty charges on electronic payment recently introduced by the Central Bank of Nigeria (CBN).

Federal government saves $1.3 trillion from central bank’s intervention programmes

The Deputy Governor, Corporate Services of the Central Bank of Nigeria, Edward Lamatek Adamu has revealed that the plethora of economic interventions of the apex bank have saved the federal government about N1.3 trillion via import bills.

There has been significant reductions in Nigeria’s annual imports bill – central bank

The CBN Deputy Governor, Corporate Services, Mr Edward Adamu made this known at the ongoing 28th Seminar for Finance Correspondents and Business Editors in Owerri on Tuesday.
Governor David Nweze Umahi

Governor Umahi: I stand with President Buhari on border closure

Governor David Umahi of Ebonyi State, on Monday, stressed that he supports the closure of the Nigerian border as directed by President Muhammadu Buhari.
“Governor Nasir El-Rufai has also intervened to ensure prompt settlement of the salary arrears that the local government councils owe to about 8500 primary school teachers that were employed in the second batch of recruitment of new teachers.

Governor El-Rufai: I never attempted to stop EFCC from investigating me

Governor Nasir El-Rufai of Kaduna State has said that he had never at any time prevented the Economic and Financial Crimes Commission (EFCC) from performing its functions as widely misreported.

FMDQ Exchange admits SFS fixed income fund

FMDQ Securities Exchange, through its Board Listings, Markets and Technology Committee, approved the listing of 500 million units of N1.00 each of SFS Fixed Income Fund on its platform.

$60 billion forex cash keeps Naira stable for 29 months – central bank chief

The $60 billion inflows from the Investors’ and Exporters’ Foreign Exchange (I&E Forex) Window has contributed to the sustained stability of the naira against world currencies for the last 29 months, the Central Bank of Nigeria (CBN) Governor, Godwin Emefiele has said.

Central bank injects $323.5 million, CNY 17.9 million into forex market

The Central Bank of Nigeria (CBN) has injected 323.5million dollars into the Retail Secondary Market Intervention Sales (SMIS) for its last intervention for November.
“Governor Nasir El-Rufai has also intervened to ensure prompt settlement of the salary arrears that the local government councils owe to about 8500 primary school teachers that were employed in the second batch of recruitment of new teachers.

You can’t stop EFCC from investigating you – Court tells Kaduna governor

The Federal High Court, Abuja, says Kaduna State Governor, Nasir El-Rufai, cannot stop the Economic and Financial Crimes Commission (EFCC) from investigating him.
The trial of suspected internet fraudster Ismaila Mustapha alias Mompha started today while he was admitted to bail.

Trial of Mompha to continue on January 8

An official of the Central Bank of Nigeria, Mrs Anne Ezekannagha, who testified as the first prosecution witness, told the court that the CBN has no record of licensing Ismalob Global Investment Limited as a Bureau de Change operator.
Ibrahim Magu, acting chairman of the Economic and Financial Crimes Commission (EFCC), says the arrest of Ismaila Mustapha better known as Mompha and Hamza Koudeih, his associate, is a landmark achievement.

N32.9 billion fraud: Only N598,000 left in Mompha’s bank account – witness tells court

A Federal High Court in Ikoyi on Friday heard that suspected internet fraudster Ismaila Mustapha, alias Mompha, has a bank account balance of only N598,000.

Kogi poll: INEC begins distribution of election materials

Ahead of Saturday’s Kogi West Senatorial Supplementary and the Ajaokuta Federal Constituency rerun elections, the Independent Electoral Commission (INEC), on Thursday, began distribution of election materials to the affected areas.

$57 budget 2020 oil benchmark unrealistic – central bank

The $57 oil benchmark adopted by the Federal Government in the 2020 budget may be unrealistic as the Central Bank of Nigeria (CBN) has called for its downward review.

MPC retains benchmark lending rate at 13.5 per cent

The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday left the Monetary Policy Rate unchanged at 13.5 per cent.

Recent Stories

Former Edo state Attorney-General and Commissioner for Justice, Barr. Osagie Obayuwana, has urged the National Assembly to repeal the law setting up the Department of State Services (DSS), saying it has outlived its usefulness.

Former Edo attorney-general urges National Assembly to repeal DSS law

Former Edo state Attorney-General and Commissioner for Justice, Barr. Osagie Obayuwana, has urged the National Assembly to repeal the law setting up the Department of State Services (DSS), saying it has outlived its usefulness.
A senator representing Ondo South Senatorial District, Nicholas Tofowomo, on Saturday condemned the re-arrest of Omoyele Sowore by the personnel of the Department of State Services inside the courtroom on Friday where Justice Ojukwu was presiding

Ondo lawmaker decries DSS court room invasion

A senator representing Ondo South Senatorial District, Nicholas Tofowomo, on Saturday condemned the re-arrest of Omoyele Sowore by the personnel of the Department of State Services (DSS) inside the courtroom on Friday where Justice Ijeoma Ojukwu was presiding.
The Nigeria Police Command in Rivers says it intercepted and arrested two fake soldiers allegedly involved in a robbery operation within new Port Harcourt GRA on Wednesday.

Police nab man for allegedly killing neighbour in Niger

The Police in Niger have arrested one Mohammed Isa, 27, of Dogon Ruwa village of Bosso Local Government Area of the state, for allegedly shooting and killing his neighbour, Umaru Abubakar, 30, with a Dane gun.

Federal government files appeal against $9.6 billion P&ID judgement

Nigeria’s Federal Government (FG) on Friday filed a new and substantive challenge in the English Courts in the ongoing fight against the vulture-fund-backed P&ID.
Thobile Mbopkwa from South Africa has emerged the champion of the IAU African Championship held in Remo on Saturday.

South Africans emerge winners of Remo marathon

Thobile Mbopkwa from South Africa has emerged the champion of the IAU African Championship held in Remo on Saturday.