News
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Alleged N5.7bn Fraud: EFCC Presents First Witness against Father, Son in Lagos
The Economic and Financial Crimes Commission, EFCC, on Monday, May 20, 2024, presented the first prosecution witness, PW1, Chibueze Chukwuma,…
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CBN Raises MPR by 150 basis points to 26.25% from 24.75%, Retains others
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has CBN raised MPR by 150 basis points…
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Contractor Admits Receiving N2.17b from Office of NSA for no Project
A contractor, Olugbenga Obadina who is being prosecuted by the Economic and Financial Crimes Commission, EFCC for receiving payments from…
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FIRS generates N3.94tn in Q1 2024FIRS
The Chairman, Federal Inland Revenue Service, Dr. Zacch Adedeji, has revealed that the service achieved a significant milestone by generating…
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Soaring debt and deficits causing worry about threats to the economy and markets
Key Points The federal IOU is now at $34.5 trillion, or about $11 trillion higher than where it stood in…
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Why trying to make naira appreciate in a hurry won’t work – Atedo Peterside
The founder of Stanbic IBTC and ANAP Foundation, Atedo Peterside said trying to make the naira appreciate against the dollar…
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Currency in Circulation Rises 130% Y-o-Y, Reaching an All-Time High of N3.87trn in March 2024
As of March 2024, the Central Bank of Nigeria (CBN) statistics revealed significant changes in the country’s money supply. Currency…
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Senate Approves Tinubu’s $500m World Bank Loan for Electricity Metres
The Senate Wednesday approved a $500 million World Bank loan request by President Bola Tinubu to provide electricity metres for…
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CBN Kickstarts Strategy To Double Forex Remittances
The Central Bank of Nigeria (CBN) has activated plans to double foreign-currency remittance flows through formal channels by granting Approval-in-Principle…
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Nigeria’s Headline Inflation Increased by 33.69%YoY in April 2024
as Food Inflation Rises by 40.53% The headline inflation rate in April 2024 increased to 33.69%, up from 33.20% in…
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