NNPC Faces Scrutiny Over N514bn Transactions   The Office of Auditor-General for the Federation has exposed significant financial irregularities in the Nigerian National Petroleum Company Limited's operations for 2021, totaling N514 billion. These infractions include unauthorized deductions, misappropriation of funds, and delayed remittance of earnings to...

CBN Recorded N8bn Transaction On eNaira Platform In One Year   The Governor, Central Bank of Nigeria, Godwin Emefiele, said the digital currency, eNaira, has recorded N8bn transactions in its one year of introduction. He disclosed this while delivering his speech at the ‘eNaira 1-year anniversary’ event...

Banks Begin N6.98 USSD Charge, Customers Kick       Some banks have notified their customers that they will start charging them N6.98 for every USSD transactions. However, experts have said that excessive charges by banks could pose a threat to financial inclusion. According to them, it will increase cash...

FG Incurred N16bn Transaction Costs On TSA, Says AGF The Federal Government has within the last two years incurred a total amount of N16bn as transaction costs on the Treasury Single Account (TSA). The Accountant-General of the Federation, Ahmed Idris, disclosed this on Sunday in Abuja. A...

Foreign Transactions  Increased By 58% In One Month   Foreign portfolio investors’ transactions on the Nigerian Stock Exchange rose by 58.87 per cent in March from N83.22bn in February. Total transactions at the nation’s bourse increased by 28.50 per cent from N212.05bn recorded in February to N272.48bn...