Ex-NEXIM MD Robert Orya gets 490 years for ₦2.4bn fraud

In a landmark ruling against public corruption, an FCT High Court has sentenced Robert Orya, the former Managing Director of NEXIM Bank, to a staggering 490 years in prison. Presiding…

Cardoso meets British investors on financial sector reforms

Barbara Bako, Abuja. The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has reiterated the Bank’s commitment to financial sector reforms and the attraction of long-term capital…

PenCom approves major NSITF pension increase

…Clears N8.7bn arrearsBarbara Bako, Abuja. The National Pension Commission (PenCom) has approved a substantial upward adjustment in pension benefits for 2,116 retirees under the Nigeria Social Insurance Trust Fund (NSITF),…

FG plots disputed oil, gas wells to resolve ownership claims

Barbara Bako, Abuja. The Federal Government has started plotting the coordinates of disputed and newly drilled oil and gas wells as part of efforts to settle ownership disputes and improve…

Customs records ₦7.28tn revenue in 2025

The Nigeria Customs Service has recorded a major revenue milestone in 2025, generating a total of N7.281tn, marking one of its strongest financial performances in recent years. The Comptroller-General of…

NDIC, EFCC partner to tackle bank fraud, boost asset recovery

Barbara Bako, Abuja. The Nigeria Deposit Insurance Corporation (NDIC) and the Economic and Financial Crimes Commission (EFCC) have agreed to deepen institutional cooperation aimed at improving asset recovery and strengthening…

FG concessions Enugu airport to boost South-East economy

Barbara Bako, Abuja. The Federal Government has signed a concession agreement for the Akanu Ibiam International Airport, Enugu, as part of efforts to boost economic activity in the South-East through…

EFCC flags systemic banking lapses after N18.7bn fraud

The Economic and Financial Crimes Commission (EFCC) has raised serious concerns over systemic lapses within Nigeria’s banking and fintech ecosystem following the uncovering of two major fraud schemes that siphoned…

Tinubu approves incentives for Shell’s Bonga South West project

President Bola Tinubu has approved the gazetting of targeted, investment-linked incentives to support Shell’s proposed Bonga South West deep-offshore oil project, in a move aimed at unlocking jobs, boosting foreign…