The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday resolved to raise the Monetary Policy Rate (MPR) otherwise known as the interest rate, to 12 per cent from 11 per cent. Read More…

The naira continued its appreciation against the dollar in the parallel market Wednesday, as the parallel market exchange rate dropped further to N305 per dollar. Read More…

President Muhammadu Buhari has approved the appointment of Waziri Onibiyo Adio, as the Executive Secretary of Nigeria Extractive Industries Transparency Initiative (NEITI). Read More…

The Naira further gained N6 on Tuesday, trading at N364 to the dollar at the parallel market following President Muhammadu Buhari’s stance not to devalue the currency. Read More…

The embattled Senior Advocate of Nigeria Rickey Tarfa admitted to giving Justice Mohammed Yunusa N225,000 today in an affidavit filed at the Federal High Court in Lagos. The money, Mr. Tarfa claims, was for funeral costs of Mr. Yunusa’s father-in-law. Read More…

The naira hit a record low of 325 to the dollar at the parallel market on Thursday as desperate importers scrambled for dollars to meet their obligations overseas. Read More…

The Naira on Wednesday depreciated by 0.7 per cent at the parallel market, following the last minute payment of tuition fees abroad. The naira lost N2 to exchange at N307 to a dollar against N305 traded on Tuesday. Read More…

MTN Group has hired a former United States Attorney –General, Eric Holder, to help challenge a$3.9 billion fine imposed by Nigerian Communications Commission (NCC) for failing to disconnect unregistered users. Read More…

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About nine years after he was charged before the High Court of the Federal Capital Territory (FCT), Abuja, former Plateau State Governor Joshua Dariye’s trial for alleged money laundering opened yesterday. Read More…

Bank customers are now unable to withdraw dollars from their domiciliary accounts amid worsened scarcity of the currency in the financial services sector, Saturday PUNCH investigation has revealed. Read More…

On Tuesday, the Federal High Court in Lagos barred MTN Nigeria Communications Limited from moving any funds abroad it may have in Nigerian banks until the hearing of its suit challenging the N1.4 trillion fine imposed on it by the Nigerian Communications Commission (NCC). Read More…

The Chairman of the Social Democratic Party, Chief Olu Falae, Monday, said he would not refund the N100 million he collected from Chief Tony Anenih, which has been alleged to have come from the former National Security Adviser, Col. Sambo Dasuki. Read More…

Former President Goodluck Jonathan’s campaign publicity director, Femi Fani-Kayode,  used fronts to accept payments from former National Security Adviser, Col.Sambo Dasuki (rtd), according to information released by the Office of the National Security Adviser and the Economic and Financial Crimes Commission (EFCC).  Read More…

FORMER Minister of Aviation and Director of Publicity of the defunct Goodluck/Sambo Presidential Campaign Organisation (PCO), Femi Fani-Kayode, has rejected an allegation that he was being investigated by the Economic and Financial Crimes Commission (EFCC) as well as the Department of State Services (DSS) over N1.7 billion he allegedly collected from the government of President Goodluck Jonathan. Read More…

SaharaReporters has learned that some former staffers of the former President Goodluck Jonathan’s campaign organization have petitioned the Economic and Financial Crimes Commission (EFCC) alleging that the campaign’s media leader, Femi Fani-Kayode, received N1.7 billion from Read More…

Oil prices rose Monday on Middle East supply risks after Saudi Arabia cut diplomatic ties with Iran. Read More…

Vintage Press Limited has returned the N9 million it received as compensation for the seizure of copies of The Nation and SportingLife in June, 2014. Read More…

Nigeria said it was expecting telecoms giant MTN to meet a deadline for paying a record $3.9 billion fine which expires Thursday, despite the South African operator challenging the penalty in court. Read More…

Contrary to the conventional wisdom in the South, most states of the North are very conservative in the use of loans.

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