Economy Archives — Page 26 of 264

January 17, 2025 No Responses

Alleged N12.3b Fraud: EFCC To Arraign Otudeko, Ex-First Bank MD

The Economic and Financial Crimes Commission (EFCC) has filed a 13-count criminal charge against the Chairman, Honeywell Group, Chief Oba Otudeko and a former Managing Director of First Bank, Olabisi Onasanya for allegedly obtaining the sum of N12.3bn from First...

January 16, 2025 No Responses

NPA: NASS Raises 2025 Revenue Target To ₦1.7tri

The Managing Director, Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho, on Wednesday disclosed that the agency generated N753 billion in 2024. The NPA boss who stated this during a presentation on NPA’s 2024 revenue performance and 2025 projections to ...

January 16, 2025 No Responses

Kyari: NNPCL Remitted ₦10tri In 2024

For the year 2024, the Nigerian National Petroleum Company Limited (NNPCL) remitted ₦10 trillion to the federation account. The Group Chief Executive Officer (GCEO), NNPCL, Malam Mele Kyari stated this on Wednesday during a presentation on NNPCL’s 20...

January 16, 2025 No Responses

NASS Raises FIRS 2025 Revenue Target To ₦25tri

The National Assembly has raised the revenue target for the Federal Inland Revenue Service (FIRS) following revelations by Executive Chairman, Zacch Adedeji, that it had surpassed its 2024 revenue collection target, exceeding the ₦19.4 trillion target s...

January 15, 2025 No Responses

Disconnect Zenith Bank, Fidelity, FCMB, Others, NCC Directs Telcos

The Nigerian Communications Commission (NCC) has directed telecommunications companies (telcos) to disconnect the unstructured supplementary service data (USSD) codes assigned to nine banks due to unpaid debts.In a statement issued by Reuben Muoka, NCC Directo...

January 15, 2025 No Responses

CBN Sanctions Zenith Bank, Fidelity, Others For ATM Cash Scarcity

The Central Bank of Nigeria (CBN) has sanctioned Deposit Money Banks (DMBs) for failing to make Naira notes available through automated teller machines (ATMs), during the yuletide season. The affected banks include Zenith Bank, Fidelity Bank Plc, First Bank Pl...

January 15, 2025 No Responses

NDLEA Budgets ₦67.5b For 2025

For the year 2025, the National Drug Law Enforcement Agency (NDLEA) has budgeted N67.5billion. Speaking on Tuesday, Chairman of the agency, Brigadier General Mohamed Marwa (Rtd) urged the National Assembly to support the agency in its fight against subst...

January 15, 2025 No Responses

EFCC Arrests Internet Fraudsters In Benin City

Operatives of the Benin Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, on Tuesday, January 14, 2025 arrested seven suspected internet fraudsters in Benin City, Edo State. According to EFCC, the suspects were arrested based on cre...

January 15, 2025 No Responses

Senate Rejects ₦8.9bn 2025 Budget For Information Ministry

The Senate Committee on Information and National Orientation has rejected the ₦8.9 billion allocation in the 2025 budget proposal to the Federal Ministry of Information and National Orientation, describing it as inadequate. The Chairman of the Committee, Sen...

January 15, 2025 No Responses

Ecobank Unveils ‘Kong In A Cage’ Art Installation

Continuing its efforts to foster sustainability in Nigeria, Ecobank Nigeria has unveiled a new art installation, Kong in a Cage, by artist Toyeeb Ajayi. The installation, made entirely from recycled materials, is now on display at the Ecobank Pan African...

January 14, 2025 No Responses

NASS Faults JAMB’s 2024 Budget Spending

The Senate and House of Representatives have resolved to remove the Joint Admissions and Matriculation Board (JAMB) from the Federal Government’s 2025 budget grant, citing concerns over the board’s financial management. Lawmakers argued on Monday that it i...

January 14, 2025 No Responses

UBA Rewards Customers With N41m

United Bank for Africa (UBA) Plc has distributed over N41.8m in prizes to over 100 lucky customers in its just concluded UBA Legacy Promo series. The promo which began last year, was specially designed by the bank to celebrate UBA’s...

January 13, 2025 No Responses

FG Reiterates Commitment To Strong, Vibrant Capital Market

The Federal Government has reiterated its commitment to strengthening the capital market to promote wealth creation for Nigerians and support national development.The Minister of State for Finance, Dr. Doris Uzoka-Anite stated this during a meeting with member...

January 12, 2025 No Responses

Customs Boss, Adewale Adeniyi Bags Maritime Personality Award

All is set for Nigerian Maritime Journalists (NMJ) award to be conferred on the Comptroller-General of the Nigeria Customs Service (NCS), Bashir Adewale Adeniyi, MFR, as the “Iconic Maritime Personality of the Year 2024. The award ceremony is to hold...