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Category Archives: Economy

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Forex Market Gets CBN’s $210m Boost

The inter-bank Foreign Exchange Market has received the sum of $210million from the Central Bank of Nigeria (CBN), to meet customers’ requests in various segments of the market. In its determination to meet the customers’ needs in the sundry segments of the market, the CBN

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Man Arrested With Fake N40k Gets 1 year Jail-Term

A Federal High Court, Lagos, today, convicted and sentenced a 26 year-old man, Abdulahhi Seun, who was arrested for been in possession of fake N40, 000 notes, to a year imprisonment. Justice Sule Hassan, convicted and sentenced the father of two to the jail term,

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Abacha Looth: Reps To Probe Spent Loot Till Date

The House of Representatives has kicked against Buhari’s led government plan to disburse $322 million Abacha loot sent by the Swiss government to the vulnerable in 19 States. The green chamber further resolved to constitute an Adhoc committee to trace all the Abacha loot so

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N39m Fraud: Court Jails Fake Gold Dealer 3 Years

• Orders To Pay Back N39m To Victim A Federal High Court, Lagos, has convicted and sentenced a fake gold dealer, Godspower Favour, to three years imprisonment, over N39 million fraud. The court presided over by Justice Saliu Saidu, convicted the 42 years  fake gold