The Federal High Court in Lagos on Tuesday ordered that the sums of N1,250,000,000; $327,132.35, £167.85 and €157.90 recovered by the Economic and Financial Crimes Commission should be permanently forfeited…
Read More EFCC gets fresh forfeiture order on N1.2bn, $327,132.35, £167.85, €157.90
The Nigeria Deposit Insurance Corporation (NDIC) said it saved about N949.6 billion depositors’ funds in failed Skye Bank. Managing Director of the Corporation, Alhaji Umaru Ibrahim, disclosed this in Benin…
Read More NDIC saved N949bn depositors’ funds in failed Skye Bank – MD
DMO said this in its 2017 Annual Report obtained by our correspondent in Abuja on Monday. According to DMO, the total amount was borrowed from both the domestic and the…
Read More FG borrowed over N2tn to fund 2017 budget – DMO
Teleology Holdings Limited has emerged as the new owners of 9mobile. The new owners of the embattled telecom company is one of the five companies that bidded for the take…
Read More Teleology Holdings are the new owners of 9mobile
The Central Bank of Nigeria (CBN) is expected to intensify efforts to mop up liquidity from the banking system this week in response to inflow of N552 billion from matured…
Read More N553bn interbank inflow to trigger CBN’s intensified liquidity mop-up