CBN declares AbokiFX Illegal, Vows to Prosecute Owner, Oniwinde
Nigeria on Friday announced it would shut down Aboki FX.com, a website that provides information on currency exchange, declaring that the site was engaged in illegal and criminal activities. Giving…
Nigerian Troops Rescue Army Major Abducted at Defence Academy
Nigerian troops have rescued an Army Major who was abducted last month by bandits when they attacked the country’s premier military academy and killed two other officers, the military has…
Femi Fani-Kayode Swallows his Words, Dumps PDP for APC
Erstwhile Minister of Aviation, Femi Fani-Kayode on Thursday swallowed his words and did that which he swore never to do: he dumped the People’s Democratic Party for the ruling All…
Prof Ibiyemi, Tunji Bello’s wife Emerges new LASU VC
Ibiyemi Olatunji-Bello, a professor of medicine and wife of the Lagos State Commissioner for Environment and Water Resources, Mr. Tunji Bello, has been appointed the new Vice Chancellor of the…
NAF admits ‘unfortunate’ bombing of civilians in Yobe, after Initial Denial
…as governor Buni demands probe The Nigerian Air Force on Thursday admitted that one of its fighter jets on a mission against terrorists “unfortunately” bombed civilians in Yobe State on…
EFCC Chairman Abdulrasheed Bawa slumps at Abuja Event
The Chairman of Economic and Financial Crimes Commission, Abdulrasheed Bawa, on Thursday slumped while giving a brief address and was rushed out of the Banquet Hall at the Presidential Villa,…
Nigeria Security Forces on trail of Escaped Inmates, Attackers After Gunmen Invade Prison
The Nigerian government said on Monday that its security forces are in pursuit of escaped prisoners and the gunmen who attacked a prison in the north-central region and freed inmates.…
CBN Warns Banks Against Forex Infractions, Says Offenders will be Sanctioned
The Central Bank of Nigeria has said it will sanction banks that are caught engaging in malpractices in their foreign exchange transactions. “In line with our continuing close surveillance of…
CBN Says No Plan to Convert Domiciliary Account Holdings into Naira
The Central Bank of Nigeria said on Saturday it has no plans to convert holdings in domiciliary accounts into Naira, explaining that the story making the rounds on social media…
VAT Protests and Road to Nigeria’s Fiscal Federalism
The current war on the implementation of the Value Added Tax in Nigeria obviously is the prelude to Fiscal Federalism in the country. This principle has been at the root…