Monetary

SHOCKING: President Jonathan Asked me to Divert N2bn Ecological Funds into Reelection Campaign – Babangida Aliyu The Economic and Financial Crimes Commission (EFCC) has revealed...

Buhari Signs Three Bills to Tackle Money Laundering, Terrorism President Muhammadu Buhari on Thursday in Abuja signed into law, three bills aimed at improving the...

How FG Spent N41.9 Billion On Debt Servicing In January The Central Bank of Nigeria (CBN) new data has revealed that Nigeria’s monthly debt servicing...

Telecoms: Calls, Text And Data Services To Increase Price By 40% Based on recent news report, telecommunication companies are proposing a 40% increase in the...

CBN Alerts Nigerian Banks on Dangers of Transacting With Benin Republic The Central Bank of Nigeria (CBN) has directed banks to implement enhanced measures on...

Amid Worsening Electricity Crisis, Power Firms Owe Banks N861.14bn   The debt owed to Nigerian banks by operators in the power sector rose by 12.83 per...

FAAC: N725.5bn March Revenue Shared By FG, States, LGAs The Federation Account Allocation Committee (FAAC) report reveals that N725.571 billion for March, 2022 revenue has...

In Six Months, FG Spent N177.53bn On Pension, Gratuities   The Federal Government spent N177.53bn on pension and gratuities in the second half of 2021. These...

PFAs Invest N74.54bn In Infrastructure   The Pension Fund Administrators (PFAs) invested N74.54bn in infrastructure out of the N13.76trn they received from the Contributory Pension Scheme...

Reps Okay N369bn For Customs’ 2022 Budget   The House of Representatives has approved the sum of N369.136 billion as the 2022 budget for the Nigeria...

Dangote, Two Others Account For N3.48bn Social Expenditure — NEITI   The Nigeria Extractive Industries Transparency Initiative (NEITI) has named Dangote Group, Lafarge Africa Plc and...

Crypto Transactions: CBN Slams Fidelity, FCMB, Four Other Banks N1.31bn Fine The Central Bank of Nigeria (CBN) has penalized six banks for N1.314 billion...

N157bn Released To Fund Second Niger Bridge – Ahmed   The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has disclosed that the federal...

Two million People’ll Start Receiving N20bn Monthly From June, Says FG   Two million people will start receiving about N20bn from June this year as basic...

FG Raked In N1.25bn IGR In 2021   The Accountant General of the Federation (AGF), Ahmed Idris, has said the deployment of Treasury Revenue Directors to...

Telecom Operators Threaten Tariff Hike Over Cost of Doing Business Telecoms operators have threatened upward review of their tariff over rising cost of doing business...

JUST IN $9.8m Money Laundering: Andrew Yakubu’s Acquittal Unacceptable - EFCC By Abdulrahman Abdulraheem The Economic and Financial Crimes Commission (EFCC) has vowed to appeal...

Court acquits Former NNPC GMD of Money Laundering Charges The Federal High Court has discharged and acquitted Andrew Yakubu, a former Group Managing Director (GMD)...

NNPC Spends Over N63bn Maintaining Nigeria's Three Idle Refineries The Nigerian National Petroleum Company Limited (NNPC) invested N63.3 billion on its three refineries located in...

IMF Cautions Nigeria On Volatile Capital Flows The International Monetary Fund (IMF) warns that countries with large external loans may be vulnerable to financial...