Rising Food Costs Push Nigeria’s Inflation Rate To 28.9%
The consumer price index (CPI), which measures the rate of change in prices of goods and services, rose to 28.92 percent in December 2023 — […]
Business
Dangote Refinery Begins Operations
The Dangote Refinery in Ibeju-Lekki, Lagos, has started production. The largest single-train refinery in the world located in Nigeria’s commercial hub began production in the […]
CBN sacks the entire board of Polaris bank, Titan bank, and Keystone bank
The Central Bank of Nigeria has sacked the entire board of Polaris bank, Titan bank, and Keystone Bank. CBN sources say the decision was taken in […]
EFCC Arraigns Olu Agunloye for $6billion Fraud
The Economic and Financial Crimes Commission, EFCC, on Wednesday, January 10, 2024 arraigned a former Minister of Power and Steel Development, Olu Agunloye before Justice […]
CBN appoints new CEOs for Union, Keystone, Polaris banks
The Central Bank of Nigeria has appointed new executives for Union bank, Keystone bank and Polaris bank, following the dissolution of their management boards. The […]
Zenith, Providus, Jaiz Bank CEOs in EFCC Custody over Involvement in Betta Edu’s Alleged Fraud
The Chief Executive Officers (CEOs) of Zenith, Providus, and Jaiz banks have been apprehended by the Economic and Financial Crimes Commission (EFCC) amid a sweeping […]
Emefiele: 20 Banks Face Probe Over Forex Deals
The probe instituted by the Economic and Financial Crimes Commission (EFCC) into the use of foreign exchange by some companies and financial institutions under the […]
FIRS Directs Banks To Deduct N50 Stamp Duty On Int’l Transactions From Jan 2021
The Federal Inland Revenue Service (FIRS) has directed banks to commence the deduction of the sum of N50 as electronic money transfer levy (ETML) from foreign […]
Emefiele: Dangote Group Clarifies EFCC’s Visit To Head Office
The Chairman of the Dangote Group, Aliko Dangote, on Saturday clarified the recent visit of officials of the Economic and Financial Crimes Commission, EFCC, to […]
EFCC Summons Dangote Officials To Abuja Over Alleged Forex Crime
The Economic and Financial Crimes Commission (EFCC) has summoned Dangote Group officials to Abuja for detailed documents on forex transactions spanning nine years. EFCC operatives […]