CBN injects $294.7m, CNY 31.43m into retail SMIS

The Central Bank of Nigeria (CBN) on Friday, May 31, 2019, again intervened in the retail Secondary Market Intervention Sales (SMIS) to the tune of $294.7million. Figures obtained from the Bank on... Read more »

Oando’s Wale Tinubu, deputy handed five-year ban by SEC

Firm rejects verdict, mulls court action Nigeria’s Securities and Exchange Commission disclosed on Friday that it has barred the Group Chief Executive Officer of Oando Plc, Wale Tinubu and his Deputy, Omemofe... Read more »

Nigerians, others launder £100bn dirty money in UK annually

United Kingdom said on Wednesday it is especially focusing on stopping the importation of at least £100 billion dirty money into its economy from Nigeria, Russia, former USSR countries and Asia annually.... Read more »

Senate slams FG for spending N11trn on subsidy in 6 years

The Senate, on Thursday, slammed the Federal government for paying out N11trillion to oil marketers as subsidy in the last six years, declaring that the development could kill the nation’s economy. The... Read more »

Reps approve N198bn final subsidy arrears for oil marketers

The 8th session of the House of Representatives formally winded down its activities on Thursday with the approval of N198 billion final subsidy claims for oil marketers. A breakdown of the amount... Read more »

Sanwo-Olu issues Executive Order to curb flooding, traffic congestion in Lagos

Appoints ex-Head of Service as SSG Lagos State governor, Mr. Babajide Sanwo-Olu has issued an executive order aimed at addressing sanitation issues and traffic congestion in the State. He signed the executive... Read more »

Ihedioha puts financial transactions with Imo govt on hold

Imo State governor, Hon. Emeka Ihedioha has directed all financial institutions having relationship with the government not to honour any withdrawal instruction by cheques, transfers or in any other form. The directive... Read more »

Bank CEOs move against debtors

The Committee of Banks’ Chief Executive Officers in Nigeria has moved against bad debtors, who they accused of smear campaignsagainst banks and their chief executives. In a statement, the group said the... Read more »

Adekele qualified to run for Osun guber election – Appeal Court

The Court of Appeal in Abuja has set aside the April 2, 2019 judgment by Justice Othman Musa of the High Court of the Federal Capital Territory (FCT), which voided Ademola Adeleke’s... Read more »

DPR seeks South African investment in oil, gas

The Federal government, on Thursday, urged South African government to explore investment opportunities in the nation’s oil and gas sector for growth. The Department of Petroleum Resources (DPR) Director, Mr. Ladan Modecai,... Read more »
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