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Senate summons CBN Governor free fall of naira

The Senate, on Wednesday, resolved to summon the Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, to educate and inform senators in...

Dana Air slammed, NCAA suspends operations

The Nigerian Civil Aviation Authority (NCAA) has suspended Dana Airlines’ Air Transport Licence (ATL) and Air Operator Certificate (AOC) indefinitely, with effect from midnight...

Nigeria’s inflation rate hits a 65-month high of 18.6% in June 2022

Nigeria’s inflation rate in the month of June 2022, surged further to 18.6% compared to 17.71% recorded in the previous month. This is according...

Kenya Court freezes N21.7b belonging to Flutterwave, other Nigerians

(A Kenyan) High Court has frozen more than Sh6.2 billion (about N21.76b)  spread in 62 bank accounts belonging to Nigerian start-up Flutterwave and four...

Abuja Estates, Developers Fail ICPC’s Money Laundering Test

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) said some estates and developers in Abuja have failed its System Study and Review...

Conflicting Orders By The Courts, Especially At FHC Frustrating Recovery Process – AMCON

By Jude Chiedozie Nwauzor, AMCON Federal House of Representatives Committee Chairman on Banking and Currency, Hon. Victor Nwokolo at the weekend in Lagos disclosed that...

How NNPC Has Been Diverting N4.2 trillion, Inflating Fuel Consumption Figure By 50 million Litres

The Nigerian National Petroleum Corporation (NNPC) has been accused of using the subsidy regime to divert about $10 billion. But where has this huge sum...

MTN’s Mobile Money Bank suffers N22B Fraud, Drags 18 Banks to court for recovery

By Yemi Oyeyemi, Abuja. The newly licensed Mobile Money Payment Service Bank Limited (MOMO PSB), a banking subsidiary of MTN Communications Limited, has in less...

Senate probes Shell over Joint Venture breach, seeks $200m refund to FG

The Senate, on Wednesday, constituted an Ad-Hoc Committee to investigate Shell Petroleum Development Company (SPDC) over non-compliance with the Petroleum Act and breach of...

IPMAN tells members not to sell petrol for less than N180 per litre

Not minding the hard times and inflationary trends in the country, the Independent Petroleum Marketers Association of Nigeria (IPMAN) has added to the pains,...

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