Nigerian President Bola Ahmed Tinubu has decided to extend the validity of the old naira notes to December 31, 2024, following the recommendations of his policy advisory council. The council, chaired by Senator Tokunbo Abiru, suggested that the federal government should consider the current economic realities and implement a gradual…

President Bola Tinubu has suspended the chairman of the Economic and Financial Crimes Commission (EFCC), AbdulRasheed Bawa, indefinitely and with immediate effect. This follows weighty allegations of abuse of office levelled against him by some stakeholders in the anti-corruption fight. According to a statement issued by the Director of Information,…

As disgruntled people and businesses start to line up for the billions the corporation has stowed away in local banks, a Nairobi court has frozen 45 bank accounts and 10 mobile money wallets belonging to a Nigerian-owned financial technology firm fighting various money laundering claims. A group of 2,468 Nigerian…

The Nigerian National Petroleum Company Limited (NNPC) claims that Mallam Mele Kyari, the company’s group chief executive officer, made a mistake when he stated that the company earned N687 trillion in 2021, when the correct number is N674 billion. The GCEO intended to call N674 billion and not N687 trillion,…

Dr. Ebenezer Onyeagwu, Group Managing Director/Chief Executive Officer of Zenith Bank Plc, has been voted ‘Best Banking CEO of the Year in Africa’ in the International Banker 2023 Banking Awards.Onyeagwu was honored alongside other individuals and banks from the Middle East and Africa in the International Banker Magazine’s Spring 2023…