Capital Importation Records $6.7bn, Suffers 30% Decline   The value of capital importation into Nigeria fell by 30.78 per cent from $9.68bn in 2020 to $6.7bn in 2021 according to data from the National Bureau of Statistics. In its ‘Nigerian Capital Importation’ report for the four quarters...

In One Year, EFCC Recovers N152bn, $386m; Records 2,220 Convictions By Abdulrahman Abdulraheem The Chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, on Monday said the Commission had within the last year, secured an unprecedented conviction record of 2, 220 and...

Obiano Granted Bail, Yet to Fulfill Conditions - EFCC Boss By Abdulrahman Abdulraheem The Chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, on Monday said the Commission has granted former Governor of Anambra State, Willie Obiano, bail. He however added that the EFCC is...

You have a N1.1bn Case to Answer, ICPC Tells Former Customs Boss, Inde Dikko's Accomplice By Abdulrahman Abdulraheem The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has told Barrister Umar Hussaini, a private solicitor and friend to the late Comptroller General of Nigeria...

N2.55bn Unremitted Pensions Recovered in 2021 - PenCom The National Pension Commission has announced the recovery of N2.55bn pensions deducted by employers from employees’ monthly emoluments in 2021 but not remitted to the Retirement Savings Accounts with their respective Pension Fund Administrators. Data obtained from PenCom’s...

$1.04bn Spent on Fuel Imports in 2021 - CBN The quantity of foreign exchange used for the importation of petroleum products into Nigeria fell to $1.04bn last year from $1.32bn in 2020. This is  according to data from the Central Bank of Nigeria (CBN). As the country’s...