Senate Confirms Godwin Emefiele The Senate of the Federal Republic of Nigeria on Thursday confirmed the reappointment of Mr Godwin Emefiele as Governor of the Central Bank of Nigeria (CBN). The CBN Governor’s confirmation followed the adoption of the report of...

Loom is a Ponzi Scheme, SEC Warns The Securities and Exchange Commission, SEC, has was warned against a Ponzi scheme by  some online fraudsters, who are currently running an online investment  tagged ‘Loom Money Nigeria’. Loom Money Nigeria, is taking over...

FG Approves Fresh $1bn Chinese Loan for power Projects The Federal Executive Council (FEC) has approved another $1billion Chinese loan for power projects and it will be sourced from the China-Exim Bank for the Gurara II Hydropower project. The Minister of...

Don’t Tamper with LG Funds, NFIU Warns … Says June 1st Compliance Date stands The Nigeria Financial Intelligence Unit (NFIU) has again warned that banks and state governments must not tamper with local Government funds. This is just as it reinforced the...

FEC approves N27.7bn for grains, Others The Federal Executive Council (FEC) has approved N27.7bn for the purchase of grains, meters and a road project in Abaji, Abuja. The approvals were granted at the FEC meeting presided over by President Muhammadu...

Inflation rate rises to 11.37% in April – NBS The National Bureau of Statistics(NBS) has released the Consumer Price Index, which measures inflation with the index increasing to 11.37 per cent (year-on-year) in April. The latest report from the NBS said...