CBN Sacks Dissolves of Union, Keystone And Polaris Banks
Kayode Ogunwale The Central Bank of Nigeria (CBN) has dissolved the boards and management of Union Bank, Polaris Bank and Keystone Bank. The apex bank in a statement signed by…
TCN Disconnects Ajaokuta Steel From National Grid Over N33bn Electricity Debt
The Transmission Company of Nigeria (TCN) has suspended services at the moribund Ajaokuta Steel Company Limited (ASCL). The suspension was following the failure of Ajaokuta Steel to settle N33bn owed…
Customs generates 87% of its 2023 target revenue
The Comptroller-General of the Nigeria Customs Service (NCS), Adewale Adeniyi, has disclosed that the NCS failed to reach its revenue target of trillion, earning about 87 per cent of its…
INEC Commends EFCC on Role in Curbing Electoral Fraud
The Resident Electoral Commissioner, REC, of the Independent National Electoral Commission, INEC, in charge of Kaduna State, Mallam Aminu Kasimu Idris, on Wednesday, January 10, 2024, commended the Economic and…
Tinubu Cuts Entourage By 60%, To Travel Abroad With Maximum 20 Staffers
Nigerian President, Bola Tinubu in a bid to cut cost of governance, has implemented a significant 60% reduction in the travel expenditure of government officials within his administration. Presidential Spokesman…
Bulls extend dominance as Naira depreciated by 27.19% to
Kayode Ogunwale The bulls dominated the equities market today, with the All-Share index rising per cent to 83, points. Today's performance was driven by gains in MTN Nigeria (+ per…
Tinubu Dismisses FCCPC, BPE Chief Executive Officers
President Bola Tinubu has sacked the Executive Vice Chairman and Chief Executive Officer of Federal Competition and Consumer Protection Commission (FCCPC), Mr. Babatunde Irukera and Director-General/CEO, Bureau of Public Enterprises…
MAN to FG: Expend fuel subsidy savings to combat inflationary pressures
The Manufacturers Association of Nigeria (MAN) has urged the Federal Government to expend cost saving from fuel subsidy to combat inflationary pressures from insecurity, energy and transport cost. MAN also…
Emefiele: EFCC to appeal N100 million fine
The Economic and Financial Crimes Commission (EFCC) has expressed dissatisfaction with a judgment of the Federal Capital Territory (FCT) High Court awarding N100 million damages against it in favour of…
Betta Edu to report at EFCC headquarters Tuesday for commencement of probe
Betta Edu The suspended Minister of Humanitarian Affairs and Poverty Alleviation, Betta Edu, is scheduled to report at the headquarters of the Economic and Financial Crimes Commission (EFCC) in Abuja…