Local Business

The Central Bank of Nigeria (CBN) said the recent appreciation of the Naira against other ccurrencies was the result of its market monitoring and intervention.

Erstwhile Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mr. Andrew Yakubu, has asked a Federal High Court sitting in Kano to order the Federal Government to return to him, over N3billion that was found in his home in Kaduna.

A Federal High Court Lagos on Thursday ordered the final forfeiture of the sum of N34 billion (153 million dollars) linked to a former Minister of Petroleum Resources, Mrs Diezani Allison-Madueke.

Registration of company and businesses in Nigeria’s capital, Abuja were suspended on Wednesday following an industrial action by staffers of the Corporate Affairs Commission (CAC).

The attention of the Economic and Financial Crimes Commission, EFCC has been drawn to a report captioned, Nigerian State Governors, Senate President Saraki Pocketed Billions of Naira from Paris Loan Refund, which appeared in the online news portal, Sahara Reporters on Sunday February 12, 2017 .

Minister of Information and Culture, Lai Mohammed says the Federal Government’s Whistleblowing policy has yielded $151million and  N8billion in looted funds.

There are strong indications that Africa’s richest man, Aliko Dangote is seriously feeling the pinch of the recession which has hit the Nigerian economy.

Mr Ibrahim Magu, Acting Chairman of Economic and Financial Crimes Commission (EFCC), on Thursday told a committee of the House of Representatives that $9.2 million and 750,000 pounds were recovered from a residence in Kaduna state.

The Securities and Exchange Commission (SEC), has slammed a life ban on Mr Albert Okumagba, the group Managing Director, BGL Group and his deputy, Mr Chibundu Edozie.

Mavrodi Mondial Moneybox (MMM) in Nigeria, is back and open for ‘business’, 24 hours ahead of its advertised return date.