Fraudsters target Mobile Apps users, steal N2bn

Internet fraudsters have swindled customers of self-initiated banking solutions, such as Mobile Apps and Unstructured Supplementary Service Data, USSD, of about N2.08 billion in...

Nigerian govt worries over unemployment rate projected to reach 33.5 percent...

Nigeria’s Minister of Labour and Employment, Senator Chris Ngige, has raised the alarm that the country’s unemployment rate would reach 33.5 per cent by...

2019 budget: Senate increases, passes money bill [SEE BREAKDOWN]

The Nigerian Senate has passed a sum of N8.916 trillion as estimates for the 2019 budget as against the N8.83 trillion earlier proposed by...

Governors warn of looming recession in Nigeria, reveal when economy will...

The Nigeria Governors Forum, NGF, has warned newly-elected governors awaiting swearing-in to be prepared for another cycle of recession, and gave mid-2020 to third...

FG plans 50% increase of VAT to fund N30,000 new minimum...

The Federal Government has announced plans to hike Value Added Tax, VAT, by up to 50 per cent (from the current 5 per cent...

Nigeria spends $500 million importing palm oil yearly – CBN

The Governor of the Central Bank of Nigeria, CBN, Mr Godwin Emefiele, on Monday, disclosed that over five hundred million dollars was being spent...

Buhari orders NNPC to take over operation of OML 11 from...

President Muhammadu Buhari has ordered the Nigerian National Petroleum Corporation, NNPC, to take over the operatorship of the entire Oil Mining Lease 11 from...

FG bans Boeing 737 Max planes from Nigeria’s airspace

Following a fatal crash involving an Ethiopian Airliner over the weekend, he Nigerian government has banned Boeing 737 Max variant of airplanes from flying...

Ecobank, staff dragged to court over $50,000, N9.2m fraud

The Economic and Financial Crimes Commission, EFCC, Lagos Zonal office, has arraigned Ecobank Plc and staffer, Anieka Udoh on a five-count charge bordering on...

Access Bank, Wigwe, others accused of stealing as police slam ₦2.5bn...

The Police Special Fraud Unit in Lagos has charged the managing director and chief executive officer of Access Bank Plc, Herbert Wigwe, with 21...