Ebun Francis with agency reports The Central Bank of Nigeria sold about $1bn on the forward market to clear a backlog of dollar obligations in selected sectors, according to foreign…
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Category: Economy
Pastor Ashimolowo loses $5m to Ponzi scheme
Kingsway International Christian Centre, a 12,000-member megachurch in Britain headed by Nigeria’s Pastor Mathew Ashimolowo, lost $4.8 million to a Ponzi scheme after trustees carelessly invested money in it. The…
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MMM is a divine arrangement, it will not fail- Mbanefo
Chidi Samuel Pastor Ernest Chigozie Mbanefo, has once again denied ownership MMM Nigeria, insisting that he is only a participant who has invested N3 million in the scheme like so…
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FG removes 50,000 ghost workers from payroll, saves N200 billion – Presidency
Chidi Samuel The administration of President Muhammadu Buhari has removed 50,000 ghost workers from the government payroll and in the process saved N200 billion for the country. The Senior Special…
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MTN pays N80 billion of N330 billion fine to Nigerian govt
Ebun Francis Adebayo Shittu, Nigeria’s Minister of Communication said MTN, has paid N80 billion of the N330 billion fine imposed on it by the Nigerian government for failing to deactivate…
Read More MTN pays N80 billion of N330 billion fine to Nigerian govt