CBN devalues Naira, fixes dollar sale at N392

The Central Bank of Nigeria (CBN) has devalued the Naira by N6 to Dollar. This brings the Naira closer to the exchange rate unification policy recommended by the International Monetary Fund (IMF) and the World Bank. In a weekly update for International Money Transfer Service Operators (IMTOs), Bureau De Change (BDC) Operators and Service Providers were instructed to add N6 across all rates. The circular … Continue reading CBN devalues Naira, fixes dollar sale at N392

EFCC Arraigns Comptroller of Prisons for Employment Scam

Abubakar Mohammed Sani, a serving Deputy Comptroller of Nigerian Correctional Service, NCoS, was today arraigned by the Economic and Financial Crimes Commission, EFCC, before Justice Hadiza Sabi’u Shagari of the Federal High Court Katsina on a six count charge of conspiracy and obtaining by false pretense. The defendant allegedly used his position as an officer of the Katsina Command of the Nigerian Prisons Service (as … Continue reading EFCC Arraigns Comptroller of Prisons for Employment Scam

2023: PDP Berates Fashola, Tasks Minister to Respond to N4.6bn Fraud Allegation

The Peoples Democratic Party (PDP) has asked the Minister of Works and Housing, Babatunde Fashola, not to hide under the disagreements and confusion in his party over 2023 election, to divert attention from reports of how N4.6 billion public fund was diverted into private bank accounts during his tenure as Minister of Power, Works and Housing. The PDP however describes as disheartening that a highly … Continue reading 2023: PDP Berates Fashola, Tasks Minister to Respond to N4.6bn Fraud Allegation

Diego Maradona ‘Died Poor’ With ‘Just £75,000 Cash In His Account

Diego Maradona ‘died poor’ with ‘almost nothing left in his bank account’, it has been claimed. Maradona, who died from a heart attack at the age of 60 on Wednesday, squandered much of his vast fortune through a combination of a life of excess and having his money ‘stolen’ by people who took advantage of his remarkable generosity, according to a report in Italian newspaper … Continue reading Diego Maradona ‘Died Poor’ With ‘Just £75,000 Cash In His Account

EFCC Arraigns Ex-Imo Commissioner for N180m Alleged Fraud

The Economic and Financial Crimes Commission, EFCC, Enugu Zonal Office on November 26, 2020, arraigned Prince Lasberry Okafor Anyanwu before Justice E.F Njemanze of the Imo State High Court for alleged fraud. Anyanwu, a former commissioner for Transport and chairman, Imo State Transport Company in Rochas Okorocha’s administration is being prosecuted on four-count charges, bordering on conspiracy, abuse of office, stealing and misappropriation of public … Continue reading EFCC Arraigns Ex-Imo Commissioner for N180m Alleged Fraud

Lagos fulfills the promise of financial assistance to the family of triplets

The Lagos State Government has extended financial assistance to the family of Mr. Salami Sulaimon, whose wife recently gave birth to a set of triplets. The Special Adviser, Office of Civic Engagement, Princess Aderemi Adebowale, who presented the financial aid to the indigent couple in her office at the Secretariat Alausa Ikeja, stated that the government responded to the cry of the mother for assistance … Continue reading Lagos fulfills the promise of financial assistance to the family of triplets

Makinde visits scene of Sasa Market inferno, pledges to rebuild affected shops

…donates N10m to rebuild Market Oyo State Governor, Engineer Seyi Makinde, on Tuesday, visited the scene of the fire incident that razed some shops at Sasa Market, Akinyele Local Government Area of the Ibadan. The governor, who was accompanied by the Caretaker Chairman of Akinyele Local Government, Hon. Taoheed Adedigba, and the Caretaker Chairman of Akinyele West, Hon. Adedeji Akinbu and the Honourable member representing … Continue reading Makinde visits scene of Sasa Market inferno, pledges to rebuild affected shops

FIRS Generates N4.178trn In 10 Months ,decries ‘big men’ evading tax

The Federal Inland Revenue Service on Monday said as of the end of October this year, it had generated N4.178 trillion out of the target of N4.23 trillion for the same period. Coordinating Director, Tax Operations Group of the FIRS, Mr Femi Oluwaniyi, disclosed this in Abuja during an interactive session the Executive Chairman of the Service had with editors and Abuja Bureau Chiefs of … Continue reading FIRS Generates N4.178trn In 10 Months ,decries ‘big men’ evading tax

Senate approves refund of N148.14bn to Bayelsa, Cross River, Ondo, Osun, Rivers

The Senate on Tuesday approved President Muhammadu Buhari’s request for a refund of N148,141,969,161.24 to Rivers, Bayelsa, Cross River, Osun and Ondo State Governments for projects executed on behalf of the Federal Government. The approval followed the consideration of a report by the Senate Committee on Local and Foreign Debts, chaired by Senator Clifford Ordia (Edo Central). Senator Ordia in his presentation stated that most … Continue reading Senate approves refund of N148.14bn to Bayelsa, Cross River, Ondo, Osun, Rivers

Trump imposes $15,000 Visa bond for visitors from Nigeria, others

A new temporary rule that could require tourist and business travellers from a dozen African countries, including Nigeria, to pay a bond from $5,000 to $15,000 to visit the United States, will take effect from 24 December. Other countries whose tourist and business travellers could be subject to the bond requirement are those from Democratic Republic of Congo, Liberia, Sudan, Chad, Angola, Burundi, Djibouti and … Continue reading Trump imposes $15,000 Visa bond for visitors from Nigeria, others