Month: June 2025

In a significant victory against cybercrime, U.S. federal authorities have successfully recovered $225 million in assets stolen during a high-profile cryptocurrency scam, officials announced Thursday. The multi-agency operation, involving the...

A recent report has raised alarms about a potential cash crunch looming over Nigeria’s banking sector following the Central Bank of Nigeria’s (CBN) decision to raise the Cash Reserve Requirement...

The House of Representatives Committee on Public Accounts has launched a sweeping investigation into $457 million in unremitted funds by 13 oil companies, as part of ongoing efforts to plug...

Sokoto State Government has launched a comprehensive training programme for its public officials aimed at enhancing fiscal transparency and promoting greater accountability in governance. The initiative, which commenced this week...

The Nigerian Employment and Labour Financing Programme (NELFUND) has announced the full digitisation of its loan application process, aiming to streamline access to funding for small and medium enterprises (SMEs)...

The House of Representatives has initiated a formal investigation into the alleged diversion and mismanagement of N1.12 trillion disbursed under the Central Bank of Nigeria’s Anchor Borrowers’ Programme (ABP), a...

Nigeria has reportedly spent over N1.2 trillion on crude oil imports in recent months, as local production continues to falter due to operational challenges and infrastructural constraints in the oil...

Indian authorities have arrested a Nigerian citizen caught attempting to smuggle drugs valued at approximately N214 million (about $520,000) into the country, marking a significant bust in ongoing efforts to...

The Central Bank of Nigeria’s recent directive suspending dividend payments by commercial banks has unsettled investors, triggering a sharp decline in banking stocks on the Nigerian Exchange and fueling fears...