Jimoh Ibrahim Loses Appeal Against AMCON Over N69.4bn Debt     The Court of Appeal Lagos Division has dismissed an appeal by the Chairman of Global Fleet Group, Jimoh Ibrahim, challenging the Asset Management Corporation of Nigeria (AMCON)’s seizure of his 12 assets and freezing of all his...

Capital Inflow Drops By 29% As COVID-19 Cases Rise     Capital inflow into the country fell from $620m in July to $440m in August over the resurgence of the COVID-19 pandemic. The Central Bank of Nigeria stated this in its monthly economic report for August titled, ‘Foreign...

IMF Says Crypto Assets May Displace Local Currencies In Developing Countries     The International Monetary Fund has said some emerging markets and developing economies face immediate and serious risks of currency substitution by crypto assets. The IMF disclosed this in a report titled, ‘Global Crypto Regulation Should...

Reps To Pass 2022 Appropriation Bill Next Wednesday     The House of Representatives has said the 2022 Appropriation Bill will be passed as scheduled next week Wednesday. The Chairman of the House Committee on Media and Public Affairs, Benjamin Kalu, while briefing journalists on Thursday, said the...

N5.5trn Fiscal Deficit Report Wrong - CBN     The Central Bank of Nigeria, CBN, has faulted report that the cumulative fiscal deficit of the Federal Government stood at N5.5 trillion as at August 2021. The report representing a 39 per cent increase from the level in 2020,...

Reps Probe Institute’s N2bn Spending, Bank Of Agric Debts     The House of Representatives’ Committee on Public Accounts has resolved to investigate the utilisation of the N2bn paid to the National Institute of Pharmaceutical Research and Development for Intervention on COVID-19 from the Service Wide Vote...