Finance articles

Naira appreciates to N360.37 in I&E

Naira appreciates to N360.37 in I&E

The naira Tuesday appreciated by 13 kobo to N360.37 per dollar in the Investor and Exporter (I&E) window. Data from the Financial Market Dealers Quote (FMDQ) showed that the indicative exchange rate for the I & E window, known as Nigerian Autonomous Foreign Exchange, NAFEX, dropped to N360.37 per dollar, yesterday, from N360.5 per dollar

JAMB remitted N7.8bn to FG from 2016 UTME – Oloyede

The Joint Admissions and Matriculation Board (JAMB) on Tuesday said it remitted N7.8 billion to Federal Government coffers from 2016 University and Tertiary Matriculation Examinations (UTME).   The board’s Registrar, Prof. Is-haq Oloyede, made this known when a delegation from National Officers Council of Colleges of Education Academic Staff Union (COEASU) paid a visit to

Hackers hit US, Russian banks in ATM robbery scam

Previously undetected group of Russian-language hackers silently stole nearly 10 million dollars from at least 18 mostly United States and Russian banks in recent years by targeting interbank transfer systems, a Moscow-based security firm said. Group-IB warned that the attacks, which began 18 months ago and allowed money to be stolen from banks’ Automated Teller

Ambode Proposes 1.046trn Budget Expenditure For 2018

Governor Akinwunmi Ambode has presented the 2018 proposed budget before the Lagos State House of Assembly. The governor on Monday proposes the sum of N1,046,121 before the House. The budget tagged Budget of Progress and Development has a recurrent expenditure of N347billion and a capital expenditure of N699billion. Details later…

EFCC freezes N905m in suspected slush account

The Economic and Financial Crimes Commission (EFCC) has frozen about N905, 941,696.87 in an account traced to a sole proprietorship company Rivlink International. The huge inflows into the suspected slush account allegedly came from the Rivers State Environmental Sanitation Authority The owner of the company, Christian Robinson, is deceased. A man, Kenneth Koroma, made futile

CBN Donates Multi-billion Naira Facilities

As part of efforts to create a conducive learning environment for postgraduate students, the Central Bank of Nigeria has donated a Multi-Billion Naira state of the art  facilities as centre of Excellence to Ahmadu Bello University, Zaria (ABU) Handing over the facility, the Deputy Governor Corporate Services Central Bank of Nigeria, Alhaji Suleiman Barau,said the