N/Delta: Contractors Indict NDDC Over Projects

There are reports that Contractors handling projects in Niger Delta on Monday accused the Niger Delta Development Commission of engaging in sharp practices.

Naira Gains Against West African Currency CFA as Nigeria Closes Borders

The closure of Nigeria’s land borders has caused the West African currency, the CFA Franc, to crash to a new record low against the Naira at the open market; trading at 5680 CFA to N1000, Daily Trust reports.

Money Laundering: CBN Sanctions Banks

Nigeria's apex bank and the Financial Reporting Council of Nigeria have sanctioned four (4) commercial banks for various infractions. It was learnt that the Central Bank of Nigeria (CBN) imposed a number of sanctions on the banks for failure to comply with its Know-Your-Customers guidelines and anti-money laundering requirements.

Finally, Buhari Dissolves Obono-Obla Panel, Awaits Investigation Report

President Muhammadu Buhari on Tuesday dissolved Okoi Obono-Obla – led Special Presidential Investigation Panel for the Recovery of Public Property (SPIP), following corruption and certificate forgery allegations.

Federal Government Commences Payment Of Minimum Wage

Respite may have come the way of low-income earners as the Federal Government disclosed that it has commenced payment of the new national minimum wage to persons within grade levels 01 – 06.

BREAKING: Economic Management Team (EMT) Now Economic Advisory Council (EAC) - Presidency

On Monday, 16th September 2019, President Muhammadu Buhari disclosed immediate replacement of the Economic Management Team (EMT) which was hitherto, chaired by the Vice President Yemi Osinbajo with an Economic Advisory Council (EAC).

Panic Not Over Rice Scarcity ― RIFAN

According to the Rice Farmers Association of Nigeria (RIFAN), Nigerians should not worry over the scarcity of rice as land borders remain closed.

FG Partners Niger, Chad On Rehabilitation of Lake Chad Basin

The Director-General, National Agency for the Great Green Wall (NAGGW), Bukar Hassan has disclosed that Nigeria has partnered with Niger and Chad on a joint trans-border agroecosystem project in a bid to rehabilitate and restore livelihoods in the Lake Chad Basin.

Reps Directs CBN To Suspend Charges On Deposits

On Thursday, 19th September 2019 the House of Representatives had during its plenary, directed the Central Bank of Nigeria (CBN) to review its cashless policy by suspending the proposed charges imposed on cash deposits into Deposit Money Banks (DMBs) of individuals and corporate bodies.

Border Closure: FG Extend Beyond The Earlier Slated 28 Days

The National Security Adviser (NSA), Major General Babagana Monguno (rtd), has disclosed that the federal government has extended the partial closure of the Nigerian borders beyond the 28 days earlier scheduled.