NEWS
Nigeria Seeks Return To JP Morgan Bond Index
The Director-General of the Debt Management Office, Patience Oniha, said Nigeria is in advanced discussions with JP Morgan to re-enter the Government Bond Index and renew investors’ confidence. Oniha disclosed this on Wednesday at a Nigerian Investors’ Forum on the sidelines of the World Bank and International Monetary Fund Spring Meetings in Washington, D.C. The DMO boss explained that Nigeria has...
2025 Hajj: CBN Authorizes Cash-Based Basic Travel Allowance For Pilgrims
The Central Bank of Nigeria (CBN) has granted the 2025 Hajj pilgrims' request to be able to make cash transactions during their holy journey to the Kingdom of Saudi Arabia. This followed the intervention of Vice President Kashim Shettima, who appealed to President Bola Tinubu on behalf of the pilgrims through the National Hajj Commission of Nigeria (NAHCON). The News Agency...
NNPCL Set To Undergo Forensic Audit — Edun
A forensic audit of Nigerian National Petroleum Company Limited is set to commence shortly, according to announcements made by Wale Edun, Minister of Finance and Coordinating Minister of the Economy. Edun revealed this at the ongoing Nigerian Investor Forum, held alongside the IMF/World Bank Spring Meetings in Washington, DC. The minister explained that the recent changes in the NNPCL management are...
Abia Govt Cancels April Environmental Sanitation Exercise To Accommodate JAMB Candidates
The Abia State Government has announced the cancellation of its monthly environmental sanitation exercise scheduled for Saturday, April 26, 2025, in a move aimed at ensuring free movement for candidates sitting for this year’s Unified Tertiary Matriculation Examination (UTME). In a statement released and made available to ABN TV on Thursday, the Commissioner for Environment, Philemon Asonye Ogbonna, FCA, said...
Court Authorizes EFCC To Arrest, Detain Six CBEX Staff Over Alleged $1bn Fraud
The Economic and Financial Crimes Commission (EFCC) was granted permission by the Federal High Court in Abuja on Thursday to detain and arrest six promoters of Crypto Bridge Exchange (CBEX) in connection with alleged investment fraud totalling more than $1 billion. Justice Emeka Nwite, who gave the order after the EFCC’s lawyer, Fadila Yusuf, moved an ex parte motion to...
Report Fraudulent Investment Schemes To Us, SEC Tells Nigerians
Nigerians have been urged by the Securities and Exchange Commission (SEC) to notify the commission of any suspected fraudulent investment scheme so that it can conduct a thorough investigation and take the appropriate action. The commission said this in a notice issued on Thursday to the investing public, warning that Ponzi investment schemes posed great danger to the growth of...
NEC Postpones State Police Talks Despite Mass Murders
The National Economic Council postponed discussions on state police until its next meeting on Thursday despite the bloodshed and violent attacks in various parts of the country. Bayelsa Governor, Duoye Diri, told State House Correspondents after the council’s 149th meeting at the Aso Rock Villa that the issue was on the agenda, but it could not be discussed in detail as...
Dangote Accepts World Bank Appointment
Aliko Dangote, the president and CEO of the Dangote Group, has announced that he has accepted his appointment to the World Bank's Private Sector Investment Lab. Dangote also agreed to join a select group of international business leaders assigned to stimulate investment and job creation in emerging economies by joining In 2023, the Prime Minister of Canada, Mark Carney, co-chaired...
World Bank Projects 3.6% Economic Growth For Nigeria
The World Bank has predicted that as important macroeconomic reforms start to stabilise the business environment, Nigeria's economy will expand by 3.6% in 2025, building on an estimated 3.4% expansion in 2024. The bank also said Nigeria is now home to 15 per cent of the world’s extremely poor people, according to its latest Africa Pulse report released in April...
Abia Government Revokes ENASCO Land Title, Moves To Reclaim State Assets
The Abia State Government has revoked the land title previously granted to the Enyimba Automated Shoe Company (ENASCO) and is set to reclaim all state-owned assets and resources committed to the company. In a press release issued on Friday by the Chief Press Secretary to the Governor, Mr. Ukoha Njoku Ukoha and made available to ABN TV, the decision followed...
