The Centre for the Study of the Economies of Africa (CSEA), a leading economic research and analysis organisation, has advocated the need for financial intermediaries in Nigeria to continue to play their roles in promoting private sector growth by providing appropriate and easily accessible credit facilities. In addition, the research group also charged financial sector […]
The House of Representatives on Friday expressed displeasure over the failure of the Economic and Financial Crimes Commission (EFCC) to timely dispose the N46 billion assets seized from the former Petroleum Minister, Mrs Diezani Alison-Madueke. The Chairman of the House Ad-hoc Committee on Assessment and Status of All Recovered Loots Movable and Immovable Assets from […]
The Federal Government has unveiled plans to inaugurate the ongoing Funtua Inland Dry Port project, Sokoto State, in November this year even as the French Government assured its support for the multi-billion Naira project. The Executive Secretary/CEO Nigerian Shipper’s Council (NSC), Mr. Hassan Bello, gave this hint on Thursday in Abuja during a meeting between […]
The Auditor-General for the Federation, Mr. Adolphus Aghughu has inaugurated the Office of the Auditor-General for the Federation (OAuGF) Forensics Training Programme. Speaking at the inauguration, the Auditor General expressed the office management’s commitment to developing the capacity and capability of the Office in the areas of forensic audit, forensic accounting and digital forensics to […]
Abia State Governor, Dr. Okezie Ikpeazu, on Wednesday expressed the state government’s readiness to strengthen its collaboration with the Nigeria Export-Import (NEXIM) Bank in a new move to grow the Aba shoe industry with a view to standardizing its products for international markets. The governor, who made the disclosure when he received in audience the […]
TAJBank, Nigeria’s leading non-interest bank, has opened three new branches in Abuja in furtherance of its sustained drives to deepen financial inclusion and offer stress-free innovative financial services to its growing customers nationwide. Speaking during the opening ceremony of the technology-powered branches, the bank’s Chairman, Alhaji Tanko Isiaku Gwamna told thousands of people who graced […]
Former employees of the Ikot-Abasi, Akwa Ibom State-based Aluminum Smelter Company of Nigeria (ALSCON), on Wednesday protested peacefully against the prolonged non-payment of their severance and gave a two-week ultimatum to Bureau of Public Enterprises (BPE ) and Pension Transition Administration Department (PTAD) to pay their entitlements or face legal actions. Convener of the protest, […]
Attorney-General of the Federation and Minister of Justice, Abubakar Malami, on Tuesday confirmed that the Federal Government had recovered $700 million looted funds in the last four years, including the just received £4.2 million stolen from Delta State’s treasury by an ex-governor, James Ibori, from the United Kingdom. Malami gave this hint during a virtual […]
Bitcoin, the biggest and most traded cryptocurrency tumbled below the $40,000 mark on Wednesday, representing its lowest selling price in a 3-1/2 month low as China’s ban of financial and payment institutions from providing cryptocurrency services’ implementation intensified. Reuters noted that although bitcoin had been under pressure from a series of tweets from Tesla boss, […]
The Council of the European Union (EU ) has raised questions on Washington’s demands on countries to roll back national “unilateral” tech taxes as soon as a global levy on multinational companies is agreed on. A news report by POLITICO, an online platform, indicated that the Council’s opposition to the U.S. government’s fiscal stance was […]