President Bola Tinubu has sought Senate’s confirmation for Ruby Onwudiwe as a replacement for Dr Kalu Eke, who declined the President’s nomination as a member of the Board of Directors of the Central Bank of Nigeria. Kalu had declined the President’s appointment due to his engagement at the World Bank and other financial institutions. Tinubu’s…
17 Abia State LGAs received ₦46.5bn, on the average, each LGA received ₦2.74bn 21 ADAMAWA LGAs: ₦62.3bn | ₦2.97bn 31 AKWA IBOM LGAs: ₦83.6bn | ₦2.70bn 21 ANAMBRA LGAs: ₦66.5bn | ₦3.17bn 20 BAUCHI LGAs: ₦69.6bn | ₦3.48bn 8 BAYELSA LGAs: ₦30.5bn | ₦3.82bn 23 BENUE LGAs: ₦73.5bn | ₦3.2bn 27 BORNO LGAs: ₦82.4bn |…
The Chairman of the Economic and Financial Crimes Commission, Ola Olukoyede, has vowed to commence Fraud Risk Assessment of ministries and agencies of government, beginning from the Presidency, the National Assembly, and the National Judicial Council. He made the development known on Wednesday during the launching of the Fraud Risk Assessment Prevention and Control Project…
BY BUSOLA ARO Kingsley Moghalu, former deputy governor of the Central Bank of Nigeria (CBN), has praised the decision to transfer revenue of the Nigerian National Petroleum Company (NNPC) Limited to the apex bank. Moghalu’s comment followed the announcement by Olayemi Cardoso, governor of CBN, that NNPC and the ministry of finance have agreed to…
SaharaReporters earlier reported that the Arewa Consultative Forum (ACF) kicked against the relocation, describing it as a deliberate plot against the Northern region. The dethroned emir of Kano and former Central Bank of Nigeria’s Governor, Muhammadu Sanusi has defended the relocation of some departments of the apex bank from Abuja to Lagos by the current…
The affected persons include two former Ekiti State governors, Kayode Fayemi and Ayo Fayose; former Zamfara State governor, Bello Matawalle; two former Enugu State governors, Chimaroke Nnamani and Sullivan Chime; former Nasarawa State governor, Abdullahi Adamu; former Kano State governor, Rabiu Kwankwaso. Others are former Rivers State governor, Peter Odili; former Abia State governor, Theodore…
The long-awaited credit support seeks to ameliorate the acute FX shortage in the country which has constrained economic activities and doused investors’ confidence.Also earlier in December, President Bola Tinubu had assured Nigerians of the commitment of his administration to resolve the FX backlogs through the injection of funds into the market A statement by Afreximbank…
Former senator Shehu Sani is demanding that names of former CBN governor Emefiele be released in Jim Obaze report Former Senator Shehu Sani has joined other well-meaning Nigerians to applaud the findings of the Jim Obaze-led financial auditing and investigations of the Central Bank of Nigeria (CBN) over the period when Godwin Emefiele was in…
DEC 22, 2023 #Japa, #Kano State. Hundreds of low-income contributors to an investment scheme in Kano will experience bleak Christmas and New Year celebrations in the ancient commercial city of Kano as the lady coordinator used all their hard-earned money to send her man abroad. Investigations by our Correspondent indicated that the ugly incident happened…
For billionaire Aliko Dangote, these are not the best of times. Recall that the President set up a team led by former FRCN boss, Jim Obazee to look into the books of CBN and other organizations. The Obazee Committee was said to have submitted its interim report to the President some weeks ago and since…
