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Synergy between EFCC and NLTF Enhanced Remittance Inflows from N800million to  N2.1bn Annually

The Executive Secretary and Chief Executive Officer of the National Lottery Trust Fund, Bello Maigari, has commended the Economic and Financial Crimes Commission for helping to widen NLTF’s revenue base through enhanced remittance inflows from N800 million to N2.1 billion annually.  He gave the commendation in Abuja recently when he …

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NNPCL Disowns Report of Downward Review of Fuel Prices

Nigerian National Petroleum Company Limited (NNPCL) has refuted claims circulating in some sections of the media regarding a purported downward review of fuel prices attributed to the company on Wednesday.Reacting to these reports, NNPCL dismissed them as unfounded, particularly those suggesting a potential reduction in pump prices for Premium Motor …

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CAC, NFIU Synergise to remove Nigeria from the grey list of financial Action Task Force

The Corporate Affairs Commission (CAC) has resolved to  Synergise   with the Nigeria Financial Intelligence Unit (NFIU) to ensure that Nigeria exits the grey list of the Financial Action Task Force.The Registrar-General and CEO of the CAC, Hussaini Ishaq Magaji, SAN, gave the assurance today while receiving the Director/CEO of the …

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Rewane’s ‘four big shortages’ turn logic on its head

Susceptible to critique, accomplished banker-cum-administrator Bismarck Rewane was on Channels Television recently to analyse how the Central Bank of Nigeria’s Monetary Policy Committee hiked the Monetary Policy Rate (MPR) from 18.75 percent to 22.5 percent (400 basis points) will affect Nigerians. Elaborating on what he termed the audacity of the …

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