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The Chairman of the Economic and Financial Crimes Commission EFCC, Abdulrasheed Bawa has appealed to the House of Representatives to ensure that relevant authorities enforce regulations in the real estate sector to check sharp practices and money laundering by operators. He made the appeal when ...

The Nigerian National Petroleum Corporation (NNPC) decision to invest $2.7 billion in 20 percent stake in Dangote Refinery was informed by the neccesity to ensure that the plant buy crude oil from Nigeria. According to the Group Managing Director of the state-oil firm, Mele Kyari, prior to the m ...

By Oludare Mayowa Nigeria's economy grew 5.01 percent year-on-year in the second quarter of 2021, its third consecutive growth after receding into recession in the third quarter of last year and better than the 0.51 percent in the preceding quarter. Latest report by the National Bureau of ...

The Economic and Financial Crimes Commission (EFCC), on Wednesday arraigned one Osas Eledan, before Justice T.G. Ringim of the Federal High Court sitting in Ikoyi, Lagos. The accused was arrainged on a five count charge bordering on possession of documents containing false pretence. One of the c ...

The Economic and Financial Crimes Commission (EFCC), on Wednesday arraigned one Osas Eledan, before Justice T.G. Ringim of the Federal High Court sitting in Ikoyi, Lagos. The accused was arrainged on a five count charge bordering on possession of documents containing false pretence. One of the c ...

By Samuel Bankole The Nigerian Communications Commission (NCC) is seeking the approval of the federal government for additional spectrum to enable it roll out 5G network in the country. According to the Executive Vice Chairman of NCC, Umar Garba Danbatta, the Commission is ready for the impleme ...

The Tax Appeal Tribunal (TAT) sitting in Lagos has ordered local unit of South Africa's payTV, Multichoice Nigeria Limited to pay 50 percent of N1.8 trillion owed the Federal Inland Revenue Service (FIRS) in tax arears before it could hear its appeal. The FIRS had issued a post no debt on b ...

By Oludare Mayowa President Mohammadu Buhari has said that the terrorist attack on the Nigerian Defence Academy (NDA) will buoy the nation’s determination to make a decisive end of criminality in the country. In a statement by his spokesman, Femi Adesina, the president was quoted as saying the ...

The biggest injection of dollars yet by Ghana’s central bank failed to stem the cedi’s slide on Wednesday amid a surge in foreign-currency demand from importers. The Ghanaian currency dropped 1.6 percent to 6.03 a dollar by 11:52 a.m. in Accra, poised for the weakest close on record. That erased ...

...SA economy 11% bigger after rebasing ...SA economy now $369 billion vs Nigeria $375 billion South Africa’s economy is 11 percent bigger than previously estimated, after statistics authorities changed the way they calculate Gross Domestic Product (GDP). GDP at current prices measured R5.52 tri ...

Analysts at the United Capital Plc review the five years of the CBN Anchor Borrowers’ Programme (ABP) and conclude that resolving the structural issues, which include insecurity will boost the agricultural sector better than the current cash intervention scheme by the CBN. In November 2015, the ...

Suspected terrorists struck in the capital of Plateau State and killed over 35 persons at Yelwa zangam community behind the University of Jos (UNIJOS). Yelwa-zangam community is dominated by Christian Anagutta natives. The attack occurred barely one week after over 25 Muslims traveling from Bauc ...

Nigeria's fintech firm, Opay has raised up to $400 million in Series C funding at a $1.5 billion valuation The Chinese-backed fintech platform, finally completed this funding round, which was led by Softbank Vision fund 2. Other investors that participated in this round include Sequoia Capi ...

The Benue State Governor, Samuel Ortom, has accused President Mohammadu Buhari of making the the establishment of grazing reserves and routes the preconditions for peace in parts of the north, where herders/farmers crises were prevalent. According to Ortom, the dispositions of the President has ...

After armed men abducted seven of Abubakar Adam's 11 children in northwestern Nigeria, he sold his car and a parcel of land and cleaned out his savings to raise a ransom to free them. He sent his N3 million into the bush, together with payments from other families in his town of Tegina. The ...