Court Freezes Accounts Of Rainoil, Others Over N1.6 Billion Debt
A Federal High Court in Lagos has ordered the freezing of bank accounts and shares belonging to downstream oil and gas company, Rainoil Limited,...
Cryptocurrency Is Dangerous, Opaque, CBN Governor Tells Senate
Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has said that the Bank’s decision to prohibit deposit money banks, non-banking institutions and...
Buhari Wants Cyber Security For economic Growth, Crime Prevention
President Muhammadu Buhari has called for an overhaul of the national strategy on cyber security aimed at economic growth opportunities, enhancement of knowledge and...
IMF Queries Usage Of Cryptocurrencies, Says Some Of Them May Be Illegal
The International Monetary Fund (IMF) has raised eyebrow over the usage of cryptocurrencies, especially in Nigeria, a situation that had recently made the Central Bank...
Nigeria Bounces Back, Crawls Out Of Second Recession, NBS Confirms
Nigeria’s economy has crawled out of the second "more dangerous" recession in the fourth quarter of 2020 as restrictions to curb the spread of...
Okonjo-Iweala Clinches World Trade Organization’s Top Job: Buhari Jubilates
Nigeria’s former minister of finance, Dr. Ngozi Okonjo-Iweala has emerged finally as the Director-General of the World Trade Organisation (WTO), even as President Muhammadu...
Commission Plans $16.74 Billion Investment In 63 Projects In 21 States, FCT
The Nigerian Investment Promotion Commission (NIPC) has planned a $16.74 billion investment in 63 projects located in 21 states and the Federal Capital Territory...
First Bank Closes Accounts Relating To Cryptocurrency
First Bank Nigeria Plc has closed any account relating to Cryptocurrency in compliance with the directive by the Central Bank of Nigeria (CBN).
In a...
Osinbajo Heads Committee To Design N1 Trillion Nigeria’s Infrastructure Development
Vice President Yemi Osinbajo has been appointed by President Muhammadu Buhari to chair a steering committee for the establishment of Public-Private Partnership styled Infrastructure...
Expert Suggests More Trans-National Rail Lines In Nigeria
The Chief Executive Officer of African Railway Consortium ( AFRECO) , Mr. Olawale Rasheed has suggested more transnational railway lines in Nigeria for the...
