CBN Orders Banks To Refund N65bn wrongful deductions, charges and other transactions To Nigerians

The Central Bank of Nigeria (CBN) has disclosed that it had ordered banks to refund N65billion to Nigerians.   The refund covered wrongful deductions and charges from customers’ deposits and other transactions in the last six years.   Acting Director, Corporate Communications, CBN, Isaac Okorafor, confirmed this on Wednesday at a fair More...

by Matthew Uzokwe | Published 3 days ago
By Matthew Uzokwe On Friday, June 29th, 2018
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Nigerian will get poorer if we keep procreating says Okechukwu Enelamah.

The Minister of Trade and Investment Mr. Okechukwu Enelamah, says the country will become poorer if Nigerians keep having children.   The Minister said this on Wednesday while reacting to the Brookings Report More...

By Ugwu Lucy On Tuesday, June 19th, 2018
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Fuel subsidy has risen to N2.4 billion daily

  As a result of the high price of crude oil in the international market,Nigeria has been losing the gains of increases in the international oil prices as the Federal Government subsidy on fuel has risen to More...

By Matthew Uzokwe On Monday, June 18th, 2018
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Government will soon shut down the land border between Nigeria and a neighboring country in a few days time to avoid smuggling of foreign rice – Audu Ogbeh.

The Federal Government says it will shut down the land border between Nigeria and a neigbouring country in a few days time to avoid smuggling of foreign rice into the country.   Audu Ogbeh, the Minister of More...

By Matthew Uzokwe On Monday, June 4th, 2018
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FG Increases Tariffs On Alcohol andTobacco Sales.

President Muhammadu Buhari on Sunday approved an amendment to the excise duty rates for alcoholic beverages and tobacco with effect from Monday, June 4. Under the new rates, each stick of cigarette will attract More...

By Matthew Uzokwe On Wednesday, April 25th, 2018
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Ethiopia’s economy is predicted to grow by 8.5% this year while Nigeria, is predicted to grow by 2.1%,Bismarck Rewane a Nigerian economist told CNN.

Ethiopia, Africa’s second most populated country, is forecast to be the fastest growing economy in Sub-Saharan Africa this year, according to new data from the IMF. Ethiopia’s economy is predicted to More...

By Staff Writer On Tuesday, April 17th, 2018
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EFCC Recovers N216m From “Swiss Golden” Operators, Calls It A Ponzi Scheme

The Economic and Financial Crimes Commission, EFCC, has recovered a total of N216,402,565.05 (Two Hundred and Sixteen Million, Four Hundred and Two Thousand, Five Hundred Sixty Naira, Five Kobo) only from Swiss More...

By jane ugo On Thursday, February 8th, 2018
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EFCC fights for power to wade into innoson,Gtbdispute

The Economic and Financial Crimes (EFCC) still insist5  that it has the jurisdiction to intervene in the dispute between Innoson Group of Companies and Guaranty Trust Bank (GTB), as the maain reason for the conflict More...

By Staff Writer On Saturday, February 3rd, 2018
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Zinox Group Acquires E-commerce giant Konga in a Landmark Industry Deal

According to a report by ThisdayLive , The Zinox Group, an integrated Information Communication Technology (ICT) solutions conglomerate and Original Equipment Manufacturer (OEM), has concluded the acquisition of More...

By Staff Writer On Thursday, January 11th, 2018
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Mark Zuckerberg Has Already Made $4 Billion in 2018

Major market indices are up 2% year-to-date, continuing the major stock gains of last year. Among those profiting from the continued stock surge is Facebook CEO Mark Zuckerberg. The 33-year-old has earned $4.16 More...