FG Loses Suit To Recover N70trn Loot Over Poor Prosecution
Justice Peter Lifu of the Federal High Court in Lagos has struck out the Federal Government’s suit seeking to recover and forfeit the sum of N70tn it alleged was stashed in 29 bank accounts by...
BREAKING: CBN Increases Interest Rate to 18 Percent, Says Nigeria Banks Healthy
The Monetary policy Committee (MPC) of the Central Bank of Nigeria (CBN) has increased Monetary Policy Rate (MPR) which measures interest rate to 18 percent from the previous 17.5 percent adopted in January.
This...
Cash Crunch: E-bills Payment Falls by 44% Amidst Cashless Policy – NIBSS
The Nigeria Inter-Bank Settlement System recent report has indicated a fall in the value of electronic utility payments by 44.86 per cent in February despite the Central Bank of Nigeria’s naira redesign policy...
PRNigeria Fact-Check Reveals Identity of Abia Assembly's Member-Elect, Anthony Abiola
A newly-elected lawmaker in the Abia State House of Assembly, Hon. Anthony Chinasa-Abiola, is not of the Yoruba ethnic stock, a PRNigeria fact-check says. (https://prnigeria.com/2023/03/19/yoruba-win-election-abia/)
But social media platforms and some blogs earlier were awash with...
Buhari's Reign: FG Rakes In N10trn VAT in 8 Years – NBS
The Federal Government has raked in N10.1tn from the collection of Value Added Tax under the regime of the President Muhammadu Buhari.
This comes against the backdrop of the advice by the Minister of...
Naira, Fuel Scarcity: 24.8m Nigerians Projected to Face Hardship- Report
No fewer than 28.4 million Nigerians in 26 states and the Federal Capital Territory, including 18,000 Internally Displaced Persons, are projected to face severe crisis between June and August this year due to the scarcity...
