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Abba Kyari denies ownership of 14 assets, mall, estate, others, demands evidence from NDLEA

Suspended Deputy Commissioner of Police, Abba Kyari, on Monday, dismissed allegation by the National Drug Law Enforcement Agency (NDLEA), linking him to the ownership of 14 assets, including shopping mall, residential estate, polo playground, lands and farmland. Kyari, a former commander, Intelligence Response Team, was reacting to recent reports orchestrated by...... more

NCoS beefs up security in three custodial centres in Enugu

The Nigerian Correctional Service (NCoS), Enugu State Command, says it has beefed up security in its Enugu, Nsukka and Oji-River custodial centres in the state. The Controller of Corrections in Enugu State, Mr Nicholas Obiako told the News Agency of Nigeria (NAN) in Enugu on Monday that the measure was taken...... more

e-Naira’ll end abuse, cost of printing Naira — CBN

DIRECTOR of Central Bank of Nigeria, CBN in Asaba, Delta State, Mr Godwin Okafor has said the introduction of the e-Naira as a means of transaction in the country would put a stop to the abuse of the Naira and the cost of printing the currency notes. Okafor who stated this...... more

33rd Enugu International Trade Fair set to take off ,’ says ECCIMA

The President of Enugu Chamber of Commerce, Industry, Mines and Agriculture (ECCIMA), Barrister Jasper Nduagwuike, has said that the chamber is ready to kickoff the 33rd edition of the Enugu International Trade Fair, just as he assured exhibitors and visitors of adequate protection of lives and property at the fair ground....... more

Ukraine: Some Nigerians don’t want to return, says minister

...FG plans evacuation from Wednesday The Minister of Foreign Affairs, Geoffrey Onyema, has disclosed that some Nigerians caught in the Russia-Ukraine war do not want to return to the country. Onyema disclosed this in a meeting with the Speaker of the House of Representatives, Femi Gbajabiamila, on Monday. The Minister also...... more

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Popular Nigerian singer, Slim Joe, is dead

Popular recording artiste and entertainer, Slim Joe Omo Alajo (Joshua Olonitan) is dead. Recall that the singer was down with kidney ailment and needed N15million for surgery. The entertainer, who ruled the airwaves with ‘O ti Yanyan’ and many other hit songs and collaborations, was diagnosed with the kidney failure and...... more

FirstBank unveils 2021 DecemberissaVybe calendar, reinforces its commitment to enabling dreams

In the spirit of providing enabling opportunities for families of its customers and other stakeholders to come together to celebrate, live better and achieve their dreams, FirstBank – through its yearly DecemberIssaVybe campaign – has unveiled the 2021 calendar of events as it reiterates its impact on the arts and entertainment...... more

SUPERCRYPTO - The Greatest Money Revolution Of All Time

THE GREATEST MONEY REVOLUTION OF ALL TIME Starting in 2010, Bitcoin grew from practically nothing to an almost $1-trillion asset, and counting. This could be even bigger. By Weiss Crypto Investor Dear Fellow Investor, I’m 74 years old. I’ve personally witnessed decades of history on nearly every continent. And I’ve seen some truly...... more

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Crypto transactions in Russia hit $5bn

The Bank of Russia has disclosed that the total annual volumes of crypto transactions in Russia have reached $5bn. The bank disclosed this in its fresh review on financial stability report. According to the bank, Russia has one of the most active crypto populations in the world, and plays a growing...... more

FG increases prices of electricity meters

The Federal Government has raised the cost of both single-phase and three-phase electricity meters beginning from November 15, 2021. It announced this in a circular dated November 11, 2021, issued by the Nigerian Electricity Regulatory Commission and addressed to managing directors, all electricity distribution companies and all meter asset providers. The...... more

Why sachet water price was increased from N100 per bag to N200 —Producers

Association of Table Water Producers, Keffi council boss clash over increase National President of the Association of Table Water Producers (ATWAP), Mrs. Clementina Ative, has provided reasons why the association increased the price of sachet water from ₦100 per bag to ₦200. Ative told journalists, yesterday, that water is life and...... more

Banks get deadline on dead customers’ BVN

THE Central Bank of Nigeria (CBN) has directed banks and other financial institutions to report the Bank Verification Number (BVN) of a dead customer to Nigeria Interbank Settlement System (NIBSS) within 24 hours of confirmation. The directive is contained in the revised BVN guideline issued by the apex bank and signed...... more

Stakeholders move to transform Nigeria’s maritime industry to sub-regional hub

Stakeholders in the shipping sector have stressed the need for Nigeria to fully exploit the inherent opportunities to revive its ‘sleeping’ maritime sector. Board member, Nigerian International Maritime Summit (NIMS), Greg Ogbeifun, while speaking at a press conference ahead of the maiden NIMS event, stressed the determination of some core stakeholders,...... more

Ethiopian Airlines to resume flights to Enugu October 1

Ethiopian Airlines says it would resume flights to Enugu as from Oct. 1, two years after it suspended flight to the South-Eastern state. The airline’s General Manager, Shimeles Arage, who confirmed the proposed resumption in a statement issued in Lagos on Sunday, said that every week there would be a flight on...... more

Seven profitable businesses you can start with N100,000 or less

Amidst the so-called “harsh economy” which has necessitated a poor living condition for most Nigerians, suffice to say that there are still small businesses which can yield an appreciable return on investment (ROI) when viewed against the backdrop of lucrative startups in the country. However, in the day-to-day running of business, players...... more

CBN bans sales of forex to Bureau De Change Operators

The Cetral Bank of Nigeria says it has ended the sales of forex to Bureau De Change operators, saying the parallel market has become a conduit for illicit forex flows and graft. The bank said it will also no longer process applications for BDC licences in the country. Weekly sales of foreign...... more

Yahoo boys deploy naked women to distract operatives – EFCC

THE Economic Financial Crime Commission (EFCC) has alleged that suspected internet fraudsters, popularly known as “Yahoo boys”, have been using naked women to distract its operatives. Wilson Uwujaren, spokesman of the commission, said this while reacting to a raid on Parktonian Hotel in the Lekki area of Lagos State. The agency...... more

External reserves drop by $180m in two weeks

The country’s external reserves lost $180m in two weeks, the latest figures obtained from the Central Bank of Nigeria showed on Sunday. According to the figures, the reserves, which stood at $33.28bn on July 1, dropped to $33.09bn as of July 12 before gaining slightly to rise to $33.1bn on July...... more

Traders, Experts worry as Naira free fall continues

• Currency hovers around N500 to dollar • ‘What CBN should do to ease situation’ The Naira has failed to appreciate as the United States dollar sells above N500 with traders and experts calling on the federal government to take urgent actions in saving the economy from total collapse. As the...... more

Niger Delta Avengers returns with Operation Humble to cripple economy

Niger Delta Avengers (NDA) has announced its return to the Niger Delta Creeks with Operation Humble designed to destroy targeted oil installations in the region. NDA in a statement it posted on its website at the weekend vowed to “humble” the economy into permanent recession. The statement also said the operation...... more

Nigeria poised to export rice as local production shoots to 9m metric tonnes

Nigeria’s local rice production increased from two million tonnes in 2015 to nine million tonnes in 2021. Making the declaration in Kaduna on Thursday, Aminu Goronyo, President, Rice Farmers Association of Nigeria (RIFAN) said with the current production rate, Nigeria was poised to become a rice exporting country. “Before the coming...... more

Oil Spillage: Court orders Mobil, NNPC to pay N82bn in damages to Akwa Ibom communities

THE Federal High Court, Abuja, has ordered the Mobil Producing Nigeria Unlimited and the Nigerian National Petroleum Corporation (NNPC) to pay the oil communities in Ibeno Local Government Area of Akwa Ibom cumulative damages of N81.9 billion over oil spillage. Justice Taiwo Taiwo, in a judgment debt, ordered that the payment...... more

Army intercepts 154 rustled cows, arrests 44 collaborators in Zamfara

The Nigerian Army Operatives, under Operation Hadarin Daji, have intercepted 12 trucks loaded with 154 rustled cows and arrested 44 collaborators in Zamfara State. The Deputy Force Commander, Operation Hadarin Daji, Northwest Region, Air Commander Abubakar Abdulkadir, stated this in Gusau, on Friday, while handing over the suspected rustled animals to...... more

Foreign stock investors withdraw N99.94bn in four months

A total of N99.94bn was pulled out by foreign investors from the Nigerian stock market in the first four months of this year as foreign involvement plunged to a four-year low in April. The foreign portfolio investors injected N 78.31bn into the market from January to April this year, according to...... more

620,000 jobs created as CBN disburses N44b to CTG sector

Over 620,000 direct and indirect jobs were created in two years as a result of the Central Bank of Nigeria’s (CBN’s) intervention in the Cotton, Textile and Garment (CTG) sector. CBN Governor Godwin Emefiele made this known in Abuja on Tuesday during a stakeholders’ engagement for the resuscitation of the CTG sector....... more

Economic woes deepen as Bakers hike Bread, Biscuits prices by 30%

The economic hardship in the country has taken a new dimension as the Association of Master Bakers and Caterers of Nigeria (AMBCN) has directed its members to increase the prices of bread, biscuits and other baked items by 30 percent due to the rising cost of production. Bread and biscuits are...... more

Naira crashes to N495 to US dollar

The Nigerian Naira has suffered two consecutive days of melt down in the unofficial market as it tumbles by about N17 for each dollar. The market had some semblance of stability for weeks, selling and buying at between N480-485. But the long suffering Nigerian currency moved south wards after the Central...... more