Finance

THE Federal Ministry of Finance has recovered over N57bn from the N5.2tn debts owed by ministries, departments and agencies to the Federal Government. The Director, Special Projects, Federal Ministry of Finance, Aisha Omar, disclosed this in Enugu on Tuesday, during a one-day workshop on the Federal Government Debt Recovery Drive, through the Project Lighthouse Programme […]

•EFCC gets order to freeze 300 accounts, says one account transacted $15bn illegally •Naira would have crashed massively if 300 accounts were not frozen – Chairman The Economic and Financial Crimes Commission may prosecute 300 forex racketeers trading on a peer-to-peer platform outside the financial regulations. The EFCC Chairman, Ola Olukoyede, who gave this indication […]

For the second consecutive time, Naira on Monday slightly depreciated at the official market, representing a 5.51 per cent loss when compared to the previous trading date on Friday, April 19, when it exchanged at N1,169.99 to a dollar. Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign […]