Mr Jide Omokore, a business ally of former Petroleum minister, Diezani Alison-Madueke has his hope to quash a $1.6billion fraud charge against him dashed. Justice Nnamdi Dimgba of the Federa... Read more
The Central Bank of Nigeria (CBN) on Wednesday directed the consortium of 13 banks involved in Etisalat Nigeria’s $1.2 billion loan to suspend further action on the indebtedness, including t... Read more
Nigeria is Africa’s most populous country, a designation it wears with pride. It had more than 182m citizens in 2015, according to the World Bank, and is poised to have the world’s third-lar... Read more
The Central Bank of Nigeria and the Nigerian Communications Commission have taken steps aimed at saving the Etisalat from being taken over by a consortium of banks led by Access Bank.... Read more
A consortium of Nigerian banks, led by Access Bank Plc and foreign banks, has taken over the management of Etisalat Nigeria, following the inability of the telecoms company to meet up with i... Read more
The Federal Government said on Monday it would use a fraction of the looted funds recovered so far to finance part of the 2017 budget. The Minister of Budget and National Planning, Sen. Udom... Read more
Police in Cross River State have recovered 4,555 stolen old identity cards and have arrested four suspected thieves who were found in possession of the cards. They were arrested by the Pol... Read more
A Federal High Court sitting in Lagos on Tuesday ordered the permanent forfeiture to the Federal Government of the sums of $43,449,947, £27,800 and N23,218,000 recovered from No. 16, Osborn... Read more
South Africa is now officially in recession, joining Nigeria which has been wallowing in the economic quagmire since 2016. Reports indicate that the South African economy officially entered... Read more
Nigerian unemployment rate is going up, according to the National Bureau of Statistics. Latest figures from the statistics agency indicate that the number of Nigerians who became unemployed... Read more