IN line with its objective of promoting financial system stability, the Central Bank of Nigeria (CBN) has issued a Revised Regulatory Framework for Bank Verification Number (BVN) operations and Watch-List for the Nigerian Banking Industry. In a communique issued on…
PRESIDENT Muhammadu Buhari has directed cabinet ministers and permanent secretaries to redouble their efforts and work in synergy toward total delivery of this administration’s set target to improve livelihood of all Nigerians. The president, who gave the directive at the…
DESPITE widespread decline felt by most economies across the globe, private equity fundraising in Africa has already managed to reach $1.3bn for the first half of 2021, when including final and interim closes. Mirroring the gradual stabilisation of Africa’s macroeconomic…
DUBAI ports giant DP World and Britain’s development finance agency CDC Group on Tuesday committed to jointly investing $1.7bn on infrastructure in Africa over the next several years. The investments in ports, container depots, business parks and other logistics infrastructure…
THE Public Complaints Commission has called on the Economic and Financial Crimes Commission, EFCC, to evolve more drastic strategies in tackling the menace of ponzi scheme operators across the country. This clarion call was made on Tuesday, October 12, 2021…
WITH the present level of Nigeria’s external debt, every Nigerian citizen in the country is currently indebted to the tune of $157 or N64,684. This trend, according to a development economist, Dr. Tayo Bello, is worrisome as the borrowing rate…
POPULAR Nigerian dancer, Usiwo Orezimena Jane, better known as Janemena, has dragged Nollywood actress Tonto Dikeh before the Inspector-General of Police. Janemena, in a petition written on her behalf by her solicitors, Rockson Igelige, of Felix, Igelige & Associates, accused…
THE Kaduna Zonal Command of the Economic and Financial Crimes Commission, EFCC, today October 11, 2021 secured the conviction and sentencing of one Yakubu .M. Abbas before Justice Darius Khobo of the Kaduna State High Court, Kaduna on one count amended charge…
PRESIDENT Muhammadu Buhari has proposed to spend N2,490,658,599 on state house clinic, salary, sewage, electricity charges and internet access in 2022. A breakdown of the aforementioned budget shows that the chunk of it, N1,346,707,871 goes to salary payment. State house…
IN Nigeria, a country heavily reliant on revenues from its oil exports, entrepreneur Ifedolapo Runsewe has identified another type of black gold: used car tyres. She has set up Freetown Waste Management Recycle, an industrial plant dedicated to transforming old…
