Monetary

N157bn Released To Fund Second Niger Bridge – Ahmed

N157bn Released To Fund Second Niger Bridge – Ahmed   The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has disclosed that the federal government has so far released N157bn for the Second Niger Bridge project. The minister disclosed this while on an inspection of...

Two million People’ll Start Receiving N20bn Monthly From June, Says FG

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 cash transfers and conditional cash transfers under the National Cash Transfer Programme, the Federal Government has said. It was gathered that...

FG Raked In N1.25bn IGR In 2021

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 10 Federal Government Owned Enterprises (FGOEs) is yielding results as Internally Generated Revenue (IGR) has improved. While giving an assessment of...

Telecom Operators Threaten Tariff Hike Over Cost of Doing Business

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 and safety of telecommunications infrastructure in the country. The Association of Licensed Telecommunication Operators of Nigeria (ALTON) also says it is...

$9.8m Money Laundering: Andrew Yakubu’s Acquittal Unacceptable – EFCC

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 the ruling by Justice Ahmed Mohammed of the Federal High Court, Abuja, quashing the money laundering charges preferred by the...

Court acquits Former NNPC GMD of Money Laundering Charges

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) of the Nigerian National Petroleum Corporation (NNPC) on a money laundering case. against him. The Economic and Financial Crimes Commission (EFCC)...