We've Recovered N1bn From Ponzi Scheme Operators In Our Custody

The Economic and Financial Crimes Commission (EFCC), Port Harcourt Zonal office, said it has recovered N1 billion from suspected Ponzi scheme fraudsters in the zone.

Senate Speaks On Controversial N5.5bn Budget For Cars

The Nigerian Senate on Monday faulted a suit seeking to stop it from utilizing the sum of N5.5billion it has allegedly earmarked for the purchase of official vehicles for its Principal Officers.

The Economic and Financial Crimes Commission (EFCC), Port Harcourt Zonal office, said it has recovered N1 billion from suspected Ponzi scheme fraudsters in the zone. The head of the zonal office,

Nigeria To Produce 1.7m Tonnes Of Sugar And Saves $56m From Imports Cut, Annually - FGN

According to the Federal Government of Nigeria (FGN), it will save $56 million in foreign exchange by reducing sugar importation while targeting yearly 1.7 million tonnes of local production.

Chief Whip of the Nigerian Senate, Orji Kalu has condemned the attacks on Nigerians in South Africa, describing it as ill-conceived, disheartening and wicked. The Abia state Senator in a statement issued on Tuesday in Abuja by Mr Kunle Oyekunle of Orji Kalu Media Office,

Ceding Of Cross River State's 76 Oil Wells To A/ibom Political – Donald Duke

Former Governor of Cross River State, Donald Duke has expressed optimism that the ceding of the state's 76 oil wells to neighboring Akwa Ibom state can be remedied as the decision was purely political.

Oil Prices Collapse Over Trade War Fears and Increased Output

Oil prices fell sharply on Tuesday as the ongoing U.S.-China trade war cast a pall over markets, with soft South Korean data adding to concerns over emerging markets and a rise in OPEC output.U.S. crude was down 26 cents, or 0.5 per cent, at 54.84 dollars a barrel by 0644 GMT, while Brent LCOc1 was down 6 cents at 58.60 dollars a barrel.

Returns of Mutilated Bank Notes: No Deadline - CBN

The Central Bank of Nigeria (CBN) has disclosed that the general public can continue to return mutilated banknotes to their banks after the September 2, 2019 deadline earlier reported. It stated that banks would continue to accept the bad notes from customers as part of its efforts to improve the overall quality of the naira notes in circulation.

NSE Lifts Suspension On Royal Exchange Shares

Nigerian Stock Exchange, NSE, said it has lifted the trading suspension placed on the shares of Royal Exchange Plc. According to Vanguard, Royal exchange was among the 11 listed companies placed on suspension for non-compliance with Rule 3.1 relating to filing of accounts and treatment of default filing and the rulebook of the Exchange.

U.S. Company Partners With CBN To Improve Cassava Production And Processing In Nigeria

A US-based company, Shine Bridge Global (SBG) has disclosed its willingness partner with the Central Bank of Nigeria (CBN) and other agencies to produce enough cassava that would be processed into functional flour for making gluten-free consumer foods for humans and animals in Africa, North America, and Europe.