Banking

CBN DGs, MPC newly confirmed members Assume duty

CBN DGs, MPC newly confirmed members Assume duty. The newly deputy Governors of Central Bank Aisha Ahmad and Edward Adamu alongside the Monetary Policy Committee have assumed duty after being confirmed by the senate, they resumed on Wednesday. In the… Continue Reading…

Importation

Fuel scarcity: NNPC imports $5.8b worth of PMS to tackle fuel crisis

Fuel scarcity: NNPC imports $5.8b worth of PMS to tackle fuel crisis. Nigeria has commenced importation of fuel to the tune of $5.8b to control and ameliorate fuel scarcity especially at festive seasons. According to Nigeria National Petroleum Corporation (NNPC),… Continue Reading…

Importation

Treasury looting: Lai Mohammed releases list of alleged looters

Treasury looting: Lai Mohammed releases list of alleged looters The Federal Government has through the Minister of Information Lai Mohammed released a list of some of those who have allegedly looted the nation’s treasury. The Minister of Information, Lai Mohammed,… Continue Reading…

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Nasir El- Rufai’s $350m World Bank loan rejected by the Senate

Nasir El- Rufai’s $350m World Bank loan rejected by the senate. Kaduna state governor Nasir El- Rufai on Thursday had his $350m loan application to World Bank rejected without recourse by the law makers of the federation. The senators rejected… Continue Reading…

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N3.15b LAPO microfinance bond listed through FCMB

N3.15b LAPO microfinance bond listed through FCMB. LAPO microfinance bank has succeeded in listing N3.15b bond in the Nigeria’s debt capital market. A subsidiary of FCMB Group PLC , FCMB Capital markets limited are issuing house and financial advisers of… Continue Reading…

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FG to fix Ikorodu-Shagamu road with N20.8b

FG to fix Ikorodu-Shagamu road with N20.8b. The federal government has finally awarded Ikorodu-Shagamu road, that can be associated with great economic importance in Southwest Nigeria. Federal government has approved the sum of N20.8b for the project, the Minister of… Continue Reading…

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Enugu state government approves 10% arrears of 731 workers

Enugu state government approves 10% arrears of 731 workers Enugu State Governor, Ifeanyi Ugwuanyi has approved the payment of arrears of salaries due to 731 former staff of some parastatals in the state, who were absorbed into the state’s civil… Continue Reading…

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N13.5m Running cost: leadership of National Assembly should be held for fraud- Prof. Itse Sagay (SAN)

N13.5m Running cost: leadership of National Assembly should be held for fraud- Prof. Itse Sagay (SAN) Following a revelation made by Senetor Shehu Sani representing Kaduna, on illegal N13.5m received by senators monthly. The Revenue Mobilization Allocation and Fiscal Commission… Continue Reading…

Importation

N37.96 billion missing in NNPC revenue

N37.96 billion missing in NNPC revenue. Monthly Federation  Account Allocation Committee (FAAC) meeting held yesterday has been termed inconclusive, citing a development which reveals that N37.96 discrepancy was observed in the NNPC revenue presented to the committee. Addressing news men… Continue Reading…

Importation

War against corruption: N2.4bn recovered from ex-chief of Air Staff, Marshall Adesola Amosu

War against corruption: N2.4bn recovered from ex-chief of Air Staff, Marshall Adesola Amosu The Economic and Financial Crimes commission (EFCC) has intensified its’ fight against corruption and embezzlement of public funds by political and public office holders. According to its’… Continue Reading…

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