Finance Archives

CBN records over N98m counterfeit notes

October 18, 2019October 18, 2019

by October 18, 2019October 18, 2019

The Central Bank of Nigeria, CBN, says 119,663 pieces of counterfeit notes with a nominal value of N98.82 million was recorded last year. This was...

Economy Featured Finance Headlines News Nigeria

FG, States, LGAs share N693bn for September

October 18, 2019October 18, 2019

by October 18, 2019October 18, 2019

The Federation Account Allocation Committee (FAAC) on Thursday in Abuja, shared a total of N693.529 billion to the three tiers of government for the month...

Business Economy Finance Headlines News Nigeria

Nigeria will be $1.5 billion richer with PSC Bill – NASS

October 16, 2019October 16, 2019

by October 16, 2019October 16, 2019

Senate President Ahmad Lawan has declared the Federal Government would be $1.5billion richer next year following the passage of the Deep Offshore and Inland Basin...

Business Finance Headlines News Nigeria

Nigeria owed N25.7trn debt as at June — DMO

October 16, 2019October 16, 2019

by October 16, 2019October 16, 2019

The Debt Management Office (DMO), says as at June 30, Nigeria owes N25.7 trillion in debt both domestically and externally. The DMO said this in...

Business Finance Headlines News Nigeria Oil&Gas

South Sudan lauds President Buhari’s engagement with OPEC

October 14, 2019October 14, 2019

by October 14, 2019October 14, 2019

The President of South Sudan, Salva Kiir Mayardit, has commended President Muhammadu Buhari for Nigeria’s continued leadership towards galvanizing African Oil Producers to stabilize the...

Featured Finance Fraud Judiciary News Nigeria

EFCC to seize Maina’s N1b assets

October 11, 2019October 11, 2019

by October 11, 2019October 11, 2019

The Economic and Financial Crimes Commission (EFCC) has filed an application at the court for the forfeiture of 29 additional assets, worth N1.054 billion, traced...

Business Economy Finance Headlines News Nigeria

Taxation, parking, challenges in Oshodi market

October 10, 2019October 10, 2019

by October 10, 2019October 10, 2019

Some traders at the popular Oshodi Market, on Thursday, identified multiple taxations, absence of parking space and threats by touts as some of the pressing...

Featured Finance Fraud Headlines News Nigeria Zamfara

EFCC discovers N65m in Zamfara INEC office

October 10, 2019October 10, 2019

by October 10, 2019October 10, 2019

The alleged over N65million discovered in INEC office in Zamfara on Wednesday Operatives of the Economic and Financial Crimes Commission (EFCC) have recovered about four...

Banking Finance Headlines Judiciary Local News Nigeria

51-year-old female banker jailed for fraud

October 10, 2019October 10, 2019

by October 10, 2019October 10, 2019

The Federal High Court sitting in Osogbo, Osun State, on Tuesday, sentenced one Yetunde Adewunmi, 51, to one-year imprisonment for conspiracy, aiding and abetting fraud....

Business Economy Finance News Nigeria

NNPC decries increased pipeline vandalism

October 10, 2019October 10, 2019

by October 10, 2019October 10, 2019

The Nigerian National Petroleum Corporation (NNPC) has raised the alarm on the increasing pipeline vandalism which hit a record high of 228 pulverized points in...