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Business & Economy
Finance Minister to declare open FIRS management retreat Thursday
Maureen Aguta
Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, will on Thursday declare open a two-day strategic management meeting of the Federal Inland Revenue Service (FIRS).
A…
Mike Adenuga returns as Nigeria’s 2nd richest man
Maureen Aguta
Nigeria’s telecom and oil magnate, Mike Adenuga, has reclaimed the position of Nigeria’s second-richest man, surpassing BUA chairman, Abdul Samad Rabiu. This is coming on the heels Forbes’ reassessment…
N44bn fraud: Tinubu suspends Betta Edu from office
Maureen Aguta
In line with his avowed commitment to uphold the highest standards of integrity, transparency, and accountability in the management of the commonwealth of Nigerians, President Bola Tinubu has suspended…
EFCC: We got needed forex documents on searching Dangote headquarters
The Economic and Financial Crimes Commission (EFCC) Friday said it visited Dangote Group Headquarters with a search warrant for some vital documents on forex allocations to the company from 2014 to 2023 during the tenure of former…
Tinubu closes Buhari’s Treasury Single Account, asks MDAs to remit 100% revenue to new account
Maureen Aguta
President Bola Tinubu’s administration has directed that all ministries, departments, and agencies fully funded by the Federal Government remit 100 per cent of their revenues into a Sub-Recurrent Account, a…
Forex scandal: Dangote officials summoned to Abuja as EFCC extends probe
The Economic and Financial Crimes Commission (EFCC) has summoned some officials of the Dangote Group to Abuja to come along with detailed documents on foreign exchange transactions by the conglomerate covering the last nine years.…
Despite CBN’s N1.09trn spending on Anchor Borrowers, price of rice rises 73% in 12 months
Joseph Irikefe
Despite lending to over N1.09 trillion to presumed farmers under it Anchor Borrowers Programme, the price of local rose by 73 per cent in 2023.
This came as the National President of the All Farmers…
CBN Investigation Report: EFCC raids Dangote Group’s headquarters, cart away boxes
Maureen Aguta
Operatives of the Economic and Financial Crimes Commission (EFCC) on Thursday raided the headquarters of the Dangote Group in connection with ongoing investigation into forex allocations in the country.…
COP28: How FG blew N2.78bn on estacodes, airfares to climate summit
Maureen Aguta
Indications at the weekend were that the estacodes and airfares of ministers, heads of agencies, directors and other Federal Government-sponsored delegates from Nigeria to the recent United Nations Climate…
2024: Otti makes history, allocates 85% of budget to capital projects
Joseph Irikefe
Governor of Abia State, Alex Otti has made history as the first state governor in Nigeria since 1999 to allocate a hefty 85 per cent of the state’s budget to capital expenditure. This is as the governor has…