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...

How oil marketers ‘cheat’ Nigerians by N198,500 per truck of petrol...

The Director, Weights and Measures Department in the Federal Ministry of Industry, Trade and Investment, Mohammed Sidi, has disclosed that petroleum dealers have been...

CBN bans forex for textile importers as Emefiele speaks on ‘being...

The Central Bank of Nigeria, CBN, on Tuesday directed commercial banks and bureaux de change, BDC, operators to stop sale of foreign exchange, forex,...

Aliko Dangote jumps to 64th richest in the world

The president of Dangote Group, Alhaji Aliko Dangote, is now 64th richest person in the world, with an estimated worth of $16.6 billion, as...

Zenith Bank dragged to CBN over alleged disappearance of $64.1 million

By Akanimo Sampson An alleged disappearance of over $64 million from the vaults of the Zenith Bank has landed the multinational financial services provider in...