Operatives of the Economic and Financial Crimes Commission (EFCC) reportedly probing 52 companies over forex transactions. According to reports today, the anti-graft agency was conducting the investigation on forex allocations to these various Nigerian companies during the tenure of the former CBN governor, Godwin Emefiele. Big companies including Dangote […]
The Federal government through the Minister of Interior, Olubunmi Tunji-Ojo, has announced that automation of the passport application process will begin from January 8, 2024 which means Nigerians will be able to apply and complete their passport application process online without human contact. He made this known during an inspection […]
The Dangote Refinery, yesterday, took delivery of another tranche of one million barrels of crude oil, thus increasing total deliveries to about three million barrels which came from Shell International Trading and Shipping Company Limited (STASCO). According to reports, Dangote Refinery has concluded plans to start the refining of diesel […]
President Bola Tinubu pledges swift action against those responsible for the tragic drone bombing in Tudun Biri, Kaduna, promising justice for the 100 lives lost. He announces the Fulako Initiative, set to begin this month, prioritizing the rebuilding of Tudun Biri and the well-being of victims. Vice President Kashim Shettima […]
The Central Bank of Nigeria (CBN) has cleared matured foreign exchange (FX) forwards for select banks. This means that the banks have been paid the naira equivalent of the matured FX contracts. The CBN began clearing matured FX forwards in July 2023. This was in response to a backlog of […]
