News
The federal government has initiated a thorough investigation into the N2.7 trillion subsidy debt and has enlisted the services of the auditor general. The proposed audit of the N2.7tn fuel subsidy claim by the Nigerian National Petroleum Company Limited has been initiated by the Federal Government. An independent audit conducted by KPMG revealed adjustments that …
Continue reading “FG Initiates l Investigation into the N2.7 trillion subsidy debt”
As Nigeria marks 25 years of unbroken democratic rule, financial market professionals assess the local capital market and growth opportunities. They observe that though the market capitalisation has grown by 14.06% on an annual compound basis, the federal government is yet to explore its full opportunities for capital formation. Mr. Boason Omofaye, a seasoned financial …
Continue reading “FG yet to explore its full opportunities for capital formation.”
Justice O.O.Abike-Fadipe of the Special Offences Court sitting in Ikeja, Lagos, on Thursday, May 23, 2024, convicted and sentenced one Idris Bakare to four years imprisonmemt for defrauding British Airways the sum of N35.6million. He was arraigned by the Lagos Zonal Command of the Economic and Financial Crimes Commission, EFCC, on a four-count charge bordering …
Continue reading “Lagos Court Jails Man Four Years For Defrauding British Airways N35.6m”
In 1. EQUITIES MARKET 1.1 NGX – Listed Equities The Nigerian stock market closed positively, gaining 48.0 basis points. However, market breadth was negative. The NGX All-Share Index advanced by 0.05% to close at 98,169.30 basis points, compared to the previous day’s loss of 1.20% to close at 98,121.30 basis points. The NGX Market CAP also recorded a gain of …
The embattled immediate past Governor of Kogi State, Alhaji Yahaya Bello said he was ready to appear before the Federal High Court in Abuja to answer to the 19-count charge the Economic and Financial Crimes Commission, EFCC, preferred against him. Though Bello was absent for his arraignment, he briefed a team of lawyers who addressed …
Justice Mahmud Abdulgafar of the Kwara State High Court sitting in Ilorin on Monday, April 15, 2024 convicted and sentenced three internet fraudsters, Qudus Temitope Ismail, Kolade Adetola Toheeb and Abdulmalik Timileyin Khalid to various jail terms. They were jailed after pleading guilty to one-count separate charges bordering on internet fraud. The charge against Toheeb …
Continue reading “Court Jails Three Internet Fraudsters in Ilorin”
SaharaReporters earlier reported that EFCC operatives on Wednesday barricaded Bello’s house in Wuse, Abuja. The Economic and Financial Crimes Commission (EFCC) was able to track former Kogi State Governor, Yahaya Bello to Abuja by outsmarting him, SaharaReporters has learnt. It was learnt that Bello deliberately left his mobile phone at the Government House in Lokoja, …
When the distinguished Senator Nurudeen Ademola Adeleke was elected the Governor of Osun , the state of the Living Spring, the first challenge that confronted him was getting a proactive ,dependable and efficient Chief Of Staff. He was not oblivious of the imperative of this office .He knew the position of CoS is a very …
ABUJA , 25 March 2024 – The Office of the National Security Adviser confirms that Nadeem ANJARWALLA, a suspect in the ongoing criminal probe into the activities of Binance in Nigeria has escaped from lawful custody on Friday, 22 March 2024. Upon receiving this report, this office took immediate steps, in conjunction with relevant security …
Nigeria’s broad money supply surged to a historic high of N93.72 trillion as of January 2024, marking a remarkable ascent. This figure represents a staggering 76% surge from the N53.14 trillion recorded in January 2023, showcasing a substantial year-on-year growth of N40.48 trillion. Moreover, compared to the preceding month of December 2023, which stood at …
Continue reading “Nigeria’s money supply hits new all-time high of N93.72 trillion in January 2024 “
