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Dangote loses 32% of wealth in 2016 – Bloomberg index

Africa’s richest man and President of the Dangote Group, Aliko Dangote, has lost 32 per cent of his wealth, according to the Bloomberg...

EFCC to spend N6.13bn on new head office

The Federal Government will spend additional N6.129bn on a new head office for the Economic and Financial Crimes Commission in 2017. This was apart...

Workers’ future in jeopardy over unremitted pension deductions

Most public and private sector employers are not remitting their workers’ pension deductions to their Retirement Savings Accounts, a situation that...

Much ado about MMM

I have read with deep concern, the various accounts shared by many Nigerians on their sad experiences on the Mavrodi Mundial Moneybox Ponzi scheme...

Imo pensioners give Okorocha Jan. 5 ultimatum

Pensioners in Imo State have threatened a showdown with the state government on January 5, 2017, if Governor Rochas Okorocha fails to commence the...

Interbank rate jumps to 50% on CBN forex sales

The overnight lending rate rose sharply to around 50 per cent on Friday, from an average of 4.5 per cent on Thursday, after the Central Bank of...

Cashless Christmas: Frustration, anguish as ATMs dispense less cash

Adeola Balogun, Femi Makinde, Success Nwogu, Olufemi Atoyebi,Samuel Awoyinfa, Nonye Ben-Nwankwo, Jesusegun Alagbe, Eric Dumo, Armstrong Bakam, and...

Forex scarcity: Naira may hit N500/dollar next week

The naira is seen depreciating further and may hit the 500 mark to the United States dollar at the parallel market next week as the greenback...

Benin residents keep vigil in banks to use ATMs

Barely 24 hours to Christmas, residents of Benin city are keeping vigil in the banks to use Automated Teller Machines (ATMs). Few of the ATMs in...

Christmas: Customers decry lack of cash in ATMs

Commercial bank customers on Friday decried lack of money in many Automated Teller Machines (ATMs) within the Federal Capital Territory (FCT). A...