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Business

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,...

Professors groan, ‘which way Nigeria’; poor man says God dey as economy bites & FG owes N41.6 trn, borrows for salaries

With the purchasing power of Nigerians falling as a result of the high inflation rate, with the Federal Government, owing N41.60 trillion in the...

JPMorgan Wins $1.7 Billion UK Trial Over Nigeria Transfers

JPMorgan Chase & Co. won a $1.7 billion London court battle with the government of Nigeria over its role in the transfers of hundreds...

Former Finbank MD, other now to pay N10b fine, still remain jailed for three years

Appeal Court Affirms Okey Nwosu’s Convictio Attempt by the former managing director of the defunct FinBank Plc, Mr. Okey Nwosu and Dayo Famoroti to set...

Bitcoin trader vs EFCC: Cleric charges youths to remain upright, confident

By Chuks Moses, Awka An Abuja-based cleric and General Superintendent of Renewal of Grace Ministry International, Pastor Yohanna Paul, has charged Nigerian youths to imbibe...

Idris, suspended Accountant-General, released on bail

The Economic and Financial Crimes Commission (EFCC) has released from its detention facility the suspended Accountant-General of the Federation, Mr Ahmed Idris. Idris was released from EFCC...

Financial trouble as IMF warns debt servicing may take all of Nigeria’s revenue by 2026

Debt servicing may take all of Nigeria’s revenue by 2026, IMF warns The Nigerian government may spend nearly 100 per cent of its revenue on...

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