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 anti-money laundering and counter terrorist financing/proliferation financing framework in Nigeria. The bills are: the Money Laundering (Prevention and Prohibition) Bill,...

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 increased by $31.46 million in one month to $101.29 million in January, which is about 45 per cent jump month-on-month. As...

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 cost of calls, SMS, and data to the Nigerian Communications Commission as a result of the rising cost of running...

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 existing accounts and transactions related to the Benin Republic. The apex bank said this in a circular dated April 11 and...

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 cent in one year to N861.14bn in December 2021 amid the lingering problems plaguing the sector since it was privatised...

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 been shared by federal, states and local governments. This revenue disbursement comprised distributable statutory revenue of N521.169bn and distributable Value Added...