Nigeria Records N55.2bn Trade Imbalance With UK

The United Kingdom in December 2023 exported £185 million to Nigeria and imported £154 million, resulting in a negative trade balance of £30.8 million (N55.2bn), the federal government has disclosed. Minister of Industry, Trade and Investment, Dr Doris Uzoka-Anite, said the federal government is committed to changing the trend in favour of Nigeria. She spoke […]

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NDLEA Intercepts Qatar-Bound Drugs Concealed In Cassava Salad

 Operatives of the National Drug Law Enforcement Agency (NDLEA) have detained a 35-year-old lady, Chidinma Chinenye Agbazue. She was detained after being caught attempting to export 20 parcels of cannabis sativa weighing 10.70kgs concealed in African salad popularly called Abacha and dried vegetables to Doha, Qatar through the Murtala Muhammed International Airport (MMIA) Ikeja Lagos […]

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Nigeria Raises Banks’ Capital Base To N500BN

THE Central Bank of Nigeria (CBN) has unveiled new minimum capital requirements for banks, pegging the minimum capital base for commercial banks with international authorization at N500 billion. A circular signed by the Director, Financial Policy and Regulation Department, Haruna Mustafa, to all commercial, merchant, and non-interest banks and promoters of proposed banks emphasized that […]

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Saudi King Distributes Food In Nigeria

King Salman Humanitarian Aid and Relief Centre of Saudi Arabia has distributed food items as Ramadan relief materials to more than 2,000 households mostly People with Disabilities (PWDs) in eight local government areas of Kano State. The team leader of the foundation, Mr. Abdulrahman ibn Abdul Aziz Al-Zaben, told newsmen that the programme is aimed […]

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How Nigerian Separatist Group Crowdfunds Terrorism

The Nigerian Financial Intelligence Unit has exposed the alleged funding of terrorist activities in Nigeria by the Indigenous People of Biafra, bandits, and other terror groups through global crowdfunding and on sports betting platforms. The financial intelligence unit revealed how IPOB received funds through affiliates in 22 countries that have registered at least 27 entities […]

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Nigeria Contacts INTERPOL Over Fugitive Crypto-currency Chief

Nigeria Contacts INTERPOL Over Fugitive Crypto-currency Chief The Federal Government, on Monday, contacted the International Criminal Police Organization and issued an arrest warrant for the apprehension of one of the detained executives of a global crypto-currency firm, Binance, Nadeem Anjarwalla, who escaped from lawful custody on Friday. It was also gathered from the Office of […]

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