Category: Finance & Economy
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EFCC arrests ex-Delta governor, Okowa, for alleged derivation funds fraud
Former Delta State Governor, Ifeanyi Okowa Operatives of the Economic and Financial Crimes Commission, on Monday, arrested a former governor of Delta State, Ifeanyi Okowa, over the alleged diversion of N1.3tn derivation fund. The N1.3trn amounted to a 13 per cent derivation fund from the federation account between 2015 and 2023. According to sources in…
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Imported petrol cheaper than Dangote’s N990/litre – Marketers
Dangote refinery The Petroleum Products Retail Outlets Owners Association of Nigeria says the Dangote Petroleum Refinery is inconsiderate for selling petrol at N990/litre, stressing that the company enjoyed massive concessions while accessing foreign exchange during its construction. PETROAN also insisted that imported petrol was cheaper than the N990/litre price of Dangote petrol. Major marketers recently…
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Troops capture wanted terrorist leader Dogo in Sokoto, 7 IPOB/ESN fighters
Habu Dogo is a wanted terrorist on the watch list of security agencies both in Nigeria and in the Niger Republic Troops capture wanted terrorist leader Dogo in Sokoto, 7 IPOB/ESN fighters The Defence Headquarters says the Nigerian troops have in the last week apprehended a notorious terrorist leader, Abubakar Ibrahim (AKA) Habu Dogo in…
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Dangote Refinery debunks claims of selling petrol above ₦1,000/litre
The company did not, however, provide additional details on its actual pricing strategy or the factors influencing any price adjustments People queue to buy fuel at a petrol station in Lagos, southwest Nigeria. Dangote Refinery has denied reports alleging it sells petrol between ₦1,015 and ₦1,028 per litre, labelling the claim as “fake news” on…
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Again, CBN debunks rumours of old naira notes expiring in December
The CBN said the rumoured expiration of the old ₦200, ₦500, and ₦1,000 notes is calculated to disrupt the nation’s payment system. Old naira notes The Central Bank of Nigeria (CBN) has once again debunked the speculations that the old ₦200, ₦500, and ₦1,000 banknotes would cease to be legal tender by December 31, 2024.…
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Property owners cry out to Tinubu as FCDA allegedly demolishes 50 houses in Abuja
The residents accused the FCDA of colluding with private estate developers to harass and intimidate residents without notice. The FCDA is said to have demolished over 50 houses in the Lugbe area in Abuja. Residents and property owners in the Lugbe area of Abuja have called on President Bola Tinubu and the Minister of the…