MTN’s Share Price Surges as CBN Reconsiders $8.1 Billion Sanction
The shares of MTN Group has risen by 5% following the news that Nigeria’s CBN is tracking back on the sanctions it placed on its Nigerian subsidiary last week. MTN…
EFCC slams foreign bank over prediction on Buhari
The Economic and Financial Crimes Commission has lambasted HSBC Bank days after predicting that Nigeria’s current economic struggles look set to continue if President Muhammadu Buhari wins a second term…
Adeosun’s Resignation: State House Releases Official Statement
President Muhammadu Buhari Friday accepted the resignation of the Hon. Minister of Finance, Mrs Kemi Adeosun. The President thanked the Minister for her services to the nation and wished her…
Breaking: Nigeria’s Finance Minister, Kemi Adeosun resigns
Nigeria’s Finance Minister, Kemi Adeosun, has resigned sources close to her told Daily Trust. It is not clear when she submitted her resignation letter. According to our source, the resignation…
Corruption Allegation Against Abba Kyari, Hinged On Fiction – Presidency
The Presidency has described the allegation of corruption against President Muhammadu Buhari’s Chief of Staff, Mr Abba Kyari as “fiction”. Punch newspaper had reported that the President’s right-hand man collected…
MTN Fines: CBN deducts N5.61bn from accounts of three banks
The Central Bank of Nigeria has debited the accounts of three banks to the tune of N5.61bn, being the total amount of fines it imposed on them last week for…
FAAC: Federation revenue declined by N107bn in July
Federal, states and local governments on Thursday shared N714.8 billion revenue generated in July, the News Agency of Nigeria (NAN) reports. The figure indicated a decline of N107.1 billion when…
YALI Network declares her commitment to promote culture of Accountability, Transparency in Nigeria!
Young African Leaders Initiative (YALI Network FACE2FACE) Abuja has declared her commitments to promote and support the entrenching culture of Transparency and accountability through her several interventions and projects. One…
NNPC Plans New Subsidiary for Commercial Bunkering Operations
The Nigerian National Petroleum Corporation (NNPC) has disclosed it would set up a new subsidiary company to undertake the business of commercial petroleum products bunkering on the waters of Nigeria.…
CBN pumps $543m, CNY 63m into Forex market!
In another major round of interventions, the Central Bank of Nigeria (CBN) on Thursday, August 23 and Friday, August 24, 2018, injected a total sum of $543.22 million and CNY…