AGS NEWS – The Debt Management Office (DMO) of Nigeria has disclosed that the country’s public debt has risen to N97.34 trillion ($108 billion) as of the fourth quarter of 2023. According to a statement released by the DMO and … Continue reading Public debt hits N97.34tn in fourth quarter – DMO
The Delta State chapter of the Host Communities of Nigeria Producing Oil and Gas has voiced its support for former governor Dr Ifeanyi Okowa amidst allegations of diverting half of the 13% derivation fund designated for the Delta State Oil … Continue reading Delta group stands in defense of Okowa against N1tn diversion allegation
In an interview with Saturday Beats, Akinyanju Omobolarinde, popularly known as Ashabi and the fiancée of singer Habeeb Okiki, also known as Portable, clarified that her relationship with Portable is not driven by money. She emphasized that the care and … Continue reading I love Portable, I’m not with him for the money – Ashabi
The Economic and Financial Crimes Commission (EFCC) announced on Monday, May 15, that Ismaila Mustapha, popularly known as Mompha, a social media celebrity facing charges of N6 billion money laundering, has been re-arrested. According to a statement from the commission, … Continue reading EFCC re arrests Mompha in money laundering case following violation of bail conditions
The Central Bank of Nigeria has proposed new guidelines for the management of dormant accounts, unclaimed balances, and other financial assets in banks and financial institutions in Nigeria. As per the recently released exposure draft, the proposal suggests that funds … Continue reading CBN’s proposal to consolidate dormant account balances and unclaimed funds. Read full story!
Theranos founder Elizabeth Holmes, once hailed as the “next Steve Jobs” and the world’s youngest self-made billionaire, is set to report to prison at the end of the month after losing her bid to remain free during her appeals process. … Continue reading Theranos Founder Elizabeth Holmes to serve prison time starting end of April
Loan apps on the Play Store are set to lose access to users’ contacts and photos starting from May 31, 2023, as part of Google’s latest policy update. The Nigerian Federal Government has announced its intention to enforce this policy, … Continue reading Federal Government prohibits online loan apps from accessing customers’ photos and contacts
On Monday, the Naira experienced a decline in value against the dollar, trading at N463.50 at the investors’ and exporters’ window. This rate represents a 0.46% reduction compared to its previous value of N461.38 on March 31. The open indicative … Continue reading Naira declines by 0.46% against the dollar
The United States central bank, the Federal Reserve, has once again raised interest rates despite fears that the move could lead to financial instability following a string of recent bank failures. This latest increase of 0.25 percentage points marks the … Continue reading US Federal Reserve raises interest rates despite banking turmoil and warns of possible additional policy firming
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