N37bn Fraud: EFCC Quizes Former Humanitarian Minister, Sadiya Umar, Wednesday  The Economic and Financial Crimes Commission (EFCC) has invited former Minister of Humanitarian Affairs, Sadiya Umar-Farouq, over an ongoin probe into the N37,170,855,753.44 allegedly laundered under her watch. The huge sum was allegedly laundered through a...

How Naira Appreciated by 13%, Ends 2023 at N907/$ at Official Market   The naira, on Friday, gained against the dollar at the official foreign exchange (FX) market, known as Nigerian Autonomous Foreign Exchange Market (NAFEM). Data from FMDQ Securities, a platform that oversees foreign exchange trading...

JUST IN: N’Assembly Cuts Short Recess, to Pass 2024 Budget Today By Ozumi Abdul The National Assembly will on Saturday pass the 2024 Appropriation Bill. Both the Red and Green chambers will pass the harmonised 2024 budget as prepared by the respective committees in charge. According to a...

Despite Subsidy Removal, Nigeria's PMS Price Remains Cheapest in Africa By Zekeri Idakwo Despite recent hike in fuel price, Nigeria still has the cheapest pump price among neighbouring African countries. According to Global Petrol Prices (GPP), Nigeria is the exception, with prices at nearly half the cost...

Finally, FG Receives $2.25bn Afrexim Bank Loan By Nafisat Bello The Federal Government on Friday received a $2.25b foreign exchange support facility from the African Import-Export Bank. The Minister of Finance, Wale Edun, who confirmed this to Arise TV, said it is the first tranche of the...

Cross River Governor, Bassey Otu Signs N296bn 2024 Budget into Law Governor Bassey Otu of Cross River State has signed the 'Peoples First' Budget of N296, 985, 631, 978, 1k into law. The signing ceremony, which took place on Friday in Calabar, the state capital, has...