The Economic and Financial Crimes Commission will arraign the immediate-past governor of Kwara State, Abdulfattah Ahmed, for alleged N10bn fraud on Friday. Credible sources in the anti-graft agency said the…
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The country’s monthly petrol import was reduced by about 1 billion litres after President Bola Tinubu removed fuel subsidy in June, a report by the National Bureau of Statistics has…
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The Kano State Public Complaint and Anti-Corruption Commission said on Tuesday that it had unsealed the 10 warehouses sealed last week for alleged hoarding of foodstuffs. The chairman of the…
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The about two-day suspension of operations with respect to the lifting of petroleum products by the Nigerian Association of Road Transport Owners has been called off by the oil transporters.…
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The Senate on Tuesday resolved to probe how the N30tn Ways and Means loans of the Central Bank of Nigeria was obtained and spent by the administration of former President…
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The Senior Staff Association of Nigerian Universities has said it will ground activities in universities across the country if the withheld salaries of its members are not paid. Â This was…
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Dollar sales by Deposit Money Banks and other entities at the Nigeria Autonomous Foreign Exchange Market dropped by $252m to $84.1m on Friday. This represents a 74 percent drop from…
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Senate President, Godswill Akpabio, said on Sunday that the Bola Tinubu administration inherited an economic mess from former Central Bank Governor, Godwin Emefiele, unsure even what charges to bring against…
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EFCC orders task force to tackle illegal forex trading, naira abuse
by Joseph Ayuby Joseph AyuThe Economic and Financial Crimes Commission has established a task force to tackle illegal forex trading and naira abuse. The commission is combating illegal forex trading against the backdrop of…
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The naira suffered a fresh slide both at the official and parallel foreign exchange markets on Friday. The national currency depreciated to on Friday N1,670/$ from N1,600/$ recorded at the…