Billions in assets are recovered by the EFCC for Oil Magnate. Arthur E.
The Economic and Financial Crimes Commission (EFCC) has recovered billions of naira worth of assets from two brothers, Olisaebuka Eze and Onyeka Nnadozie Eze, following…
Author: Joseph
Smuggled petroleum from Nigeria floods West African markets, fetching ₦1,700 per litre.
The Federal Government, on Monday, raised the alarm over the renewed smuggling of Premium Motor Spirit, popularly called petrol, following the massive hike in the…
Nigeria’s FX Reserve Rises To $32.8 Billion After 10-Week Slump
After a 10-week dip of $1.8bn, Nigeria’s foreign exchange reserve has shown a steady increase over the past six days, indicating a recovery process for…
FG Retooling Financial System To Relieve Nigerians – Tinubu
President Bola Tinubu has again acknowledged the economic challenges confronting Nigeria, assuring citizens that his administration is “retooling” the financial system to ease their economic…
Minimum Wage: FG Offers ₦62,000 After Hours Of Meeting
The Federal Government has increased its offer of a new national minimum wage to N62,000, while organized labour has reduced its demand from N494,000 to…
SGF Akume: Federal Government To Provide ₦200 Billion For Cultivation Of Land
The Secretary to the Government of the Federation (SGF), Sen. George Akume, has announced that the federal government is allocating N200 billion to support the…
EFCC Arraigns Three For Allegedly Defrauding Access Bank Of ₦3.5 Billion
For Allegedly Stealing N3.5 billion from Access Bank and retaining the Proceed Of Crime, three men – Michael Igbomins, David Onyeike and Moses Iruolaja –…
Agora Policy: FX Gain Now A Major Source Of FAAC Revenue
Agora Policy, an Abuja-based think tank, says a major contributor to the federation account allocation committee (FAAC) is the foreign exchange (FX) gains. In a…
FG May Borrow ₦6.6 Trillion To Tackle Budget Shortfalls
In order to cover budget deficits, Nigeria’s president, Ahmed Bola Tinubu, will likely borrow an extra N6.6 trillion in 2024. This decision is closely related to the…
Kaduna Assembly Seeks El-Rufai’s Probe Over Alleged ₦423 Billion Fraud
The Kaduna State House of Assembly has urged security and anti-corruption agencies to commence the investigation and prosecution of the immediate-past governor of the State, Nasir…