Banks Face Risks over 24hrs FX Positions Sell Down
Banks Face Risks over 24hrs FX Positions Sell Down Non-compliance risk looms large in the financial services sector as the timeline given to deposit money banks to sell down their…Read More
Nigerian Private Sector Health Improves in January– PMI
Nigerian Private Sector Health Improves in January– PMI The recovery in the Nigerian private sector gathered momentum at the start of 2024, with rates of expansion in output and new…Read MoreCourt To Rule Monday On Rivers Speaker’s Suit Against Governor
The Federal High Court, Abuja will on Monday deliver judgment in the suit by the Speaker Rivers State House of Assembly, Martin Amaewhule, against Governor Siminalayi Fubara, the National Assembly,…Read MoreSecurity Operatives Swoop On Abuja BDC Operators Over Currency Crisis
Bureau De Change operators (BDCs) in Abuja got a rude shock on Thursday as security operatives swooped on them in a sting operation designed to arrest the free fall of…Read MoreRemitting Oil Revenue To CBN Is Illegal — Atiku Says NNPCL Surrender Revenue Threatens Its Independence
The presidential candidate of the PDP in the last general election, Atiku Abubakar, has described the directive from the federal government to remit revenue from the sale of crude oil…Read MoreNaira Appreciates From N1,520 to N1,400 As CBN Relaxes Controls On IMTOs
Nigeria’s currency is recovering from its losses against the United States dollar at the parallel and official markets after the Central Bank of Nigeria (CBN) removed foreign exchange (FX) cap…Read MoreKano Forex Traders Restrict Trading To 12PM – 6PM To Shore Up Naira
The foreign exchange traders at the popular WAPA Forex Market in Kano have limited the period of time for buying and selling of the foreign currencies in the market to…Read MoreNigeria Buys 12 AH-1Z Viper Attack Helicopters, Others From US For $1bn
The U.S. Department of Defense has greenlighted a substantial $1 billion arms sale to help strengthen Nigeria’s military capabilities amid complex security threats. The package includes 12 advanced AH-1Z Viper…Read MoreAFCON: Remorseful Ivory Coast Casanova Says Sorry To Spouse For Attempted Wooing
An Ivorian football fan, Anselme Santos, who was caught on camera in the stands trying to woo a young lady, has reportedly issued an apology to his wife and children.…Read MoreReligious Sects Laundering Money For Terrorists Not Church, Mosque — EFCC
The Economic and Financial Crimes Commission (EFCC) has clarified a statement made by its chairman, Ola Olukoyede, that a religious sect was laundering money for terrorists, saying the group referred…Read MoreCourt Remands Osun Park Official, ‘Emir’, Over Alleged Murder
A member of Osun Park Management System, Olalekan Oyeyemi, was on Thursday remanded in Ile-Ife Correctional Centre by a Federal High Court, sitting in Osogbo, Osun State. Oyeyemi, also known…Read MoreEFCC Seeks Arrest Warrant For Ex-NDDC Director Tuoyo Omatsuli Over N3.6bn Fraud
The Economic and Financial Crimes Commission has approached a Federal High Court sitting in Ikoyi, Lagos State, seeking a court warrant of arrest for a former Executive Director on Projects,…Read More
