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CIG Motors Dismisses Executive Director Over Alleged Financial Misappropriation, Refers Case to EFCC

January 4, 2026
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finance, EFCC, News

CIG Motors Terminates Executive Director Jubril Arogundade Over Financial Misappropriation and Abuse of Authority, Refers Case to EFCC

CIG Motors Co. Ltd has announced the immediate termination of the appointment of its Executive Director, Jubril Arogundade(@JubrilofLagos), following internal investigations that uncovered issues relating to financial misappropriation and...

UN General Assembly Approves $3.45bn 2026 Budget

December 31, 2025
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finance, International, News, Politics, UN

UN General Assembly Approves $3.45bn Regular Budget for 2026

The United Nations General Assembly has approved a 3.45 billion-dollar regular budget for the 2026 financial year following weeks of intensive negotiations. The budget approval came amid the implementation...

FG Bans Cash Payments in MDAs, Mandates PoS Nationwide

December 9, 2025
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ECONOMY, FG, finance, News

PoS Takeover: FG Ends Cash Payments in MDAs

The Federal Government has outlawed the use of physical cash for the payment of revenue and directed Ministries, Departments, and Agencies (MDAs) to install Point of Sale (PoS) terminals...

SEC Partners with CBN, EFCC to Track and Freeze Illicit Digital Wallets

October 31, 2025
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EFCC, ECONOMY, finance, News, SEC

SEC, CBN, EFCC Partner to Freeze Illicit Digital Wallets

The Securities and Exchange Commission (SEC) has announced a partnership with the Central Bank of Nigeria (CBN) and the Economic and Financial Crimes Commission (EFCC) to trace and freeze...

Reps launch probe into excessive tax deductions

October 30, 2025
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finance, ECONOMY, News

Reps Probe Excessive Tax Deductions, Bank Charges

The House of Representatives has inaugurated an ad-hoc committee to investigate the growing concerns over excessive tax deductions from the earnings of civil and public servants, as well as...

SERAP Urges Akpabio, Abbas to Account for ₦18.6bn National Assembly Funds

October 19, 2025
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finance, ECONOMY, News

Account for ₦18.6bn NASS funds, SERAP urges Akpabio, Abbas

The Socio-Economic Rights and Accountability Project (SERAP) has urged Senate President Godswill Akpabio and Speaker of the House of Representatives Tajudeen Abbas to explain how the ₦18.6 billion allegedly...

October 17, 2025
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finance, ECONOMY, News

CBN, Bank of Angola Sign Pact to Boost Bilateral Financial Cooperation

The Central Bank of Nigeria (CBN) and the Bank of Angola have signed a Memorandum of Understanding (MoU) to strengthen bilateral cooperation, promote knowledge sharing, and enhance capacity building...

Inflation Drops to 18.02% in Nigeria — NBS Report

October 15, 2025
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finance, ECONOMY, News

Nigeria’s Inflation Eases to 18.02%

Nigeria’s headline inflation rate eased to 18.02 per cent in September, compared to 20.12 per cent in August, according to the latest data released by the National Bureau of...

October 8, 2025
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finance, ECONOMY, News, world Bank

World Bank Dismisses Nigeria’s Single-Digit Inflation Target

The World Bank has said the Federal Government’s ambition to achieve single-digit inflation in the short term is unrealistic, warning that Nigeria remains among a handful of African countries...

September 24, 2025
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finance, ECONOMY, News

Naira Abuse Driving Up Printing Costs, CBN Warns

The Central Bank of Nigeria (CBN) has raised concerns that abuse of the naira is driving up the cost of printing and replacing banknotes. The warning came on Wednesday...