Banks lost N2.19bn to fraudsters in 2016 – CBN
The Central Bank of Nigeria has said that Deposit Money Banks in the country lost a total of N2.19bn to fraudsters in the 2016 fiscal period. The figure was contained…
World Bank Calls for Improved Infrastructure in African Cities
The World Bank has called for improved infrastructure for African cities to enable them develop along with their growing populations. Mrs Bella Bird, the World Bank Country Director for Tanzania,…
Again, CBN injects $482.6m into Forex Market
Naira against dollar The Central Bank of Nigeria (CBN) has sustained its intervention in the inter-bank segment of the foreign exchange (forex) market by injecting a total of $482.6 million…
Indonesia Seeks More Crude from Nigeria
Indonesia, a South East Asia emerging economy, has indicated interest to purchase more crude oil from Nigeria.Indonesian Ambassador to Nigeria, Mr. Harry Purwanto, who stated this in Abuja when he…
Ganduje Signs 3 Revenue-Generating Bills Into Law
Kano state Governor, Dr. Abdullahi Umar Ganduje, has signed into law three bills aimed at improving revenue generation in the state. The bills are Land Use Charges (Amended) 2017, Kano…
2017 Budget: NASS slashes FMC travel, miscellaneous budget by N212m
The recently approved 2017 national budget finally gets the nod of the Presidency by way of asset, then the ministry of communications and its two affiliate agencies, the Nigerian Communications…
Reps Seek Mandatory 5-Year Minimum Wage Review
The House of Representatives has passed for second reading, a bill seeking to amend the National Minimum Wage Act, with a view to making it mandatory for the wage to…
Osinbajo: Nigeria Will Be Self Sufficient in Rice Production by 2019
Acting President Yemi Osinbajo has once again reassured Nigerians that the country will be self sufficient in rice production by 2019. The acting president gave the assurance Wednesday in Abuja…
Is Dangote Cement right in making donations to NASS and FRCN ?
Dangote cement is one of the biggest companies on the Nigerian Stock Exchange (NSE) with a market capitalization of over N2 trillion accounting for 25% of the total capitalization of…
Blow by blow account of the Stella Oduah vs Sterling Bank $16.4 million debt saga
On Tuesday, a Federal High Court in Lagos further postponed the hearing in a suit by Sterling Bank against a former Aviation Minister, Stella Oduah, over alleged indebtedness. With all…