FG Generated $547m From 5G Auction – Buhari
THE President, Major General Muhammadu Buhari (retd.), on Tuesday, said the auctioning of the 5G spectrum alone generated $547m. He also lauded the contributions of the digital economy in driving growth, creating employment and generating 594 per cent of…
Sterling Bank To Boost Nigerian Made Products Capacity, Launches MBN
Sterling Bank Plc has created the Made-By-Nigerians (MBN) platform in boosting capacity, as part of its commitment to the growth and development of Nigerian businesses and the economy.The Made-by-Nigerians (MBN) platform is a community designed to…
Governor Ganduje Ready To Sign Abduljabbar’s Death Warrant – Kano Gov’t
Sheikh Abduljabbar Nasiru Kabara, a convicted Islamic cleric, is about to be executed, according to Lawan Musa, commissioner for justice and attorney general of Kano State. Abdullahi Umar Ganduje is ready to sign the death warrant for Kabara. In an…
We’ve Recovered Over N30bn From Suspended Accountant-General – EFCC
THE Economic and Financial Crimes Commission has disclosed that it has so far recovered over N30 billion out of the N109 billion allegedly siphoned by the suspended Accountant-General of the Federation, Idris Ahmed. The Chairman of the Commission,…
Senate Reduces President’s Power To Remove EFCC Chairman
THE Nigeria Senate has passed for second reading, a bill seeking to reduce the power of the president to terminate the appointment of chairman of the Economic and Financial Crimes Commission (EFCC). It also in the bill sponsored by its minority whip,…
CBN Cashless Policy: Allegations Of Bias Trail Senate Committee Enquiry
SOME Senators seem not to be comfortable with the Central Bank of Nigeria (CBN) cash withdrawal policy. The apex bank had last week introduced cash withdrawal limits of N100,000 for individuals and N500,000 for organisations per week. On Thursday last…
Live updates: FTX founder Sam-Bankman Fried arrested; U.S. prosecutors unseal indictment
This is CNBC’s live blog covering Tuesday’s hearing on the collapse of cryptocurrency exchange FTX before the House Financial Services Committee. The House Financial Services Committee is holding a hearing Tuesday morning on the collapse of…
MAMA HELEN ORITSEJAFOR BREAKS HER SILENCE
Wife to Bishop Ayo Oritsejafor, Helen Oritsejafor has reacted to the rumor making the rounds that she is divorced from her husband due to infidelity in her marriage, she made this in a verified media handles, she stated. ”Fam, my attention has been drawn…
Low Activity Expected In Money Market Despite Maturing N16.25bn T-bills
Despite Treasury-bills worth N16.25 billion expected to mature this week, there are anticipations that activity in the money market would be slightly bearish amid the limited maturing T-bills. Also, the Debt Management Office (DMO) would auction N225…
Nigeria’s Development Stagnated Under Buhari – World Bank
ACCORDING to the World Bank, since 2015, when Major General Muhammadu Buhari (retd.) was initially elected as President, the nation’s development has slowed down. Nigeria did well between 2001 and 2014, with an average growth of 7%, and was in the top 15…