Currency traders have attributed the recent performance of the naira and the relative stability of the foreign exchange (forex) market to the excess dollar supply.

Celebration or Crime? When Culture Clashes with Crucial Currency Control, by Rahma Olamide Oladosu   In Nigeria, no celebration is quite complete without the familiar flutter of naira notes cascading through the air. It is an unmistakable expression of joy, generosity, and cultural pride. From weddings...

The Economic and Financial Crimes Commission (EFCC) has detained Umar Isa, a former Chief Financial Officer of the Nigerian National Petroleum Company (NNPC) Limited, in connection with an alleged $7.2 billion fraud related to the rehabilitation of the Kaduna, Warri, and Port Harcourt refineries.

The Economic and Financial Crimes Commission (EFCC) on Monday arraigned the former governor Central Bank of Nigeria (CBN), Godwin Emefiele on fresh charges related to the unlawful acquisition of the recovered 753 housing units.

Civil Service Outpaces Politics in Corruption, Says EFCC Chair The Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, said that the money stolen by civil servants in Nigeria far outweighed that by politicians. Olukoyede, who spoke on the pervasive nature of corruption in Nigeria’s system, said...

Nigeria Battles Revenue Leakages, Shortages Nationwide, Says Accountant-General Ogunjimi The Accountant-General of the Federation (AGF), Shamseldeen Babatunde Ogunjimi, has disclosed that Nigeria is experiencing significant revenue leakages and shortages across the country. Ogunjimi made this revelation during a courtesy visit to the Executive Chairman of the...