The Senate has asked the Bureau of Public Enterprises to refund N8.7bn to the Consolidated Revenue Fund based on an audit query issued by the Office of Auditor General of the Federation. The Committee on Public Accounts of the Senate…
Wema Bank Plc says that the capital raising exercise of N40 billion will hit the market in September, barring unforeseen circumstances. The bank’s Deputy Managing Director, Mr Moruf Oseni, said this at the company’s Half Year 2021 investors/analysts presentation on…
The Federal Government says it has successfully completed 533 water projects including 38 irrigation projects , 458 water supply schemes and 37 dams to boost food production and ensure potable water to citizens. Minister of Water Resources, Suleiman Adamu, made…
The Federal Government, says it plans to fully digitise its processes, particularly in the civil service and other government institutions by 2026. Minister of Communication and Digital Economy, Dr Isah Pantami disclosed this on Thursday, when he signed a Memorandum…
Nigeria businesses may have lost N150.46bn ($366.88m) since the Federal Government’s ban on Twitter took effect in the country on June 5. This figure was calculated based on the NetBlocks Cost of Shutdown Tool. According to the tool, it costs…
The Nigeria Sovereign Investment Authority (NSIA) has denied reports that it was instructed by the Federal Government to source $200million for settlement of the International Court of Arbitration in Paris in favour of Sunrise Power and Transmission Company in relation…
By Matthew Denis, Abuja The Association of Professional Bodies of Nigeria (APBN) has berated the Federal government on the level of handling the insecurity situations in the country. The President of the Association, Surveyor Akinloye Oyegbola made the disclosure during…
The Naira dipped slightly against the US dollar in the parallel market after the Central Bank of Nigeria (CBN) declared that it would no longer sell foreign currency to Bureau De Change (BDC) operators. According to the bank, the parallel…
Tesco bank has announced that it will close all of its current accounts on 30 November 2021 due to “limited activity” from customers’. Tesco bank will close all of its current bank accounts due to “limited activity” from users. This…
The Nigerian Exchange Limited has revealed that foreign investors in the equities market withdrew a total of $116.72bn from Janury to June this year. According to the NGX Domestic & Foreign Portfolio Investment Report for June 2021, foreign investors invested…
