INSTANT NEWS: Finance

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Showing posts with label Finance. Show all posts
Showing posts with label Finance. Show all posts

Wednesday, November 22, 2023

Senate draws battle line with NNPCL boss Kyari over N12trn spent on refineries

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Senate draws battle line with NNPCL boss Kyari over N12trn spent on refineries
 The Senate has declared its determination to ensure the dismissal and prosecution of the Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, along with other top executives. This stern stance follows the alleged expenditure of N12 trillion on the turn-around maintenance (TAM) of the country's non-operational...

Friday, October 27, 2023

Femi Falana calls on the Minister of Finance to enforce the remittance of $34.2 billion to the federation account by NNPC.

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Femi Falana calls on the Minister of Finance to enforce the remittance of $34.2 billion to the federation account by NNPC.
 Human rights lawyer and Senior Advocate of Nigeria (SAN), Femi Falana, has urged Finance Minister Olawale Edun to compel the Nigerian National Petroleum Company Limited (NNPCL) to remit $34.2 billion to the federation account. This substantial sum represents money received on behalf of the government from Nigeria LNG Limited (NLNG) between the years 2004...

Sunday, July 30, 2023

President Bola Tinubu has appointed special investigator to probe the Central Bank of Nigeria

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President Bola Tinubu has appointed special investigator to probe the Central Bank of Nigeria
In a letter dated July 28, 2023, the President of Nigeria made a significant move in the ongoing fight against corruption. He appointed Jim Obazee, the Chief Executive Officer of the Financial Reporting Council of Nigeria, as the Special Investigator with immediate effect. The primary task assigned to Obazee is to conduct a thorough investigation into the Central...

Saturday, June 10, 2023

Central Bank Governor Godwin Emefiele Suspended Amidst Ongoing Probe

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Central Bank Governor Godwin Emefiele Suspended Amidst Ongoing Probe
 In a surprising turn of events, President Bola Tinubu has suspended Godwin Emefiele, the Governor of the Central Bank of Nigeria (CBN), following an ongoing investigation initiated by the House of Representatives. The suspension has raised speculation about the motives behind the decision, and it has also led to allegations of terrorism financing against...

Wednesday, June 24, 2020

HOT - CARS1960 IS BEST CAR AUCTIONING SITE IN NIGERIA

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HOT - CARS1960 IS BEST CAR AUCTIONING SITE IN NIGERIA
Cars 1960 Limited boasts of its services in Nigeria and shares the following facts that make them the best in the nation.They have made known;Cars 1960 is the best car auction company in Nigeria with experience spanning over a period of 2 decades.Our increase in customer base is an index factor to our quality services and acceptability. At Cars1960 customer...

Wednesday, May 6, 2020

Wema Bank celebrates 75 years, introduces Earn-From-Home programme

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Wema Bank celebrates 75 years, introduces Earn-From-Home programme
As part of the activities to celebrate its 75th anniversary, Wema Bank, the custodian of Africa’s first fully digital bank – ALAT – and one of Nigeria’s leading commercial banks has introduced an Earn-from-Home scheme. Celebrated as Nigeria’s most innovative financial institution, Wema Bank has achieved tremendous success over the years from its willingness...

Tuesday, May 5, 2020

CBN resumes over $100m per week sales for SMEs, school fees

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CBN resumes over $100m per week sales for SMEs, school fees
The Central Bank of Nigeria (CBN) said it has resumed provision of foreign exchange to all commercial banks for onward sales to parents wishing to pay schools fees and SMEs wishing to make essential imports needed to revamp economic activities across the country. CBN said in a statement that the move was in view of the gradual easing of the COVID-19 lockdown...