INSECURITY WORSENING DESPITE N10.02TN SIX-YEAR SECURITY VOTE – BUDGIT

The 2021 budget of the Federal Government contains 316 duplicated projects valued at N39.5bn, BudgIT, a civic-tech non-profit organisation in Nigeria declared on Tuesday. BudgIT said its investigations further revealed…

Ahmed appears before Senate, says Army got N1tn in two years

THE Minister of Finance, Budget and National Planning, Zainab Ahmed, on Tuesday said her ministry had released a total sum of  N1.008.47tn to the Nigerian Army between January 2019 and…

Bitcoin loses market share

Ethereum is giving Bitcoin, the world’s most popular cryptocurrency, a hard chase in the crypto market. Ethereum is now valued at $3,000 and makes up 15 per cent of the…

BRENT PRICE SLIDES, PETROL LANDING COST HITS N199.9/LITRE

Brent, the oil against which Nigeria’s crude is priced, slipped marginally in cost on Sunday, losing $1.29 to close at $66.76/barrel as of 6.43pm, as figures from the Nigerian National…

First Bank reacts to CBN’s sacking of its board

First Bank says it will cooperate with the regulator and that its operations are unhampered. The management of FBN Holdings PLC, the parent company of First Bank, says the holding…

ANAMBRA MAKES HISTORY AS AIRPORT RECORDS FIRST FLIGHT FROM AIR PEACE

Nigeria’s leading airline, Air Peace has added another first to its kitty by becoming the first airline to land its aircraft at the Anambra International Passenger and Cargo Airport. The…

CBN fires First Bank directors

The Central Bank of Nigeria wielded its big stick on First Bank of Nigeria Limited as the apex regulator of the activities of commercial banks on Thursday when it fired…

First Bank shake-up: Hassan-Odukale replaces Awosika as Chairman

The Central Bank of Nigeria on Thursday, wielded its big stick on one of Nigeria’s oldest banks, First Bank of Nigeria Limited, and sacked all the board members of the…

Cash crunch: NNPC writes govs, bloated subsidy eats up revenue

The Nigerian National Petroleum Corporation has alerted the federal and state  governments to its  dwindling contribution to the federation account as a result of the bloated fuel subsidy. It said…

Nigerians losing money to investment scams – EFCC

THE Economic and Financial Crimes Commission on Monday raised the alarm at the rate Nigerians send petitions bordering on fraudulent investment schemes that promised high returns with little risk. The…