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TRUTH & INTEGRITY

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Category Archive: Business, Cover Stories

NNPC Loses N11.22bn In One Month

The Nigerian National Petroleum Corporation has again reorted a month-end trading deficit of N11.22bn in August. NAN reports that the figure was obtained on the NNPC website detailing its monthly...

UBA Denies Involvement In Turkey’s Failed Coup

United Bank For Africa (UBA), today Tuesday, denied involvement in the July 15th failed coup attempt in Turkey, as reported by a Turkish newspaper, Yemi Safak. Head of Communications ,UBA, Plc, Mr....

Court Unfreezes Jimoh Ibrahim’s Accounts

Justice Abdulazeez Anka of the Federal High Court, Lagos, has discharged an interim order granted to Asset Management Corporation of Nigeria to take over some assets belonging to business mogul,...

Breaking News: CBN Floats The Naira

Central Bank of Nigeria (CBN) Governor, Godwin Emefiele announced today in Abuja that there is “automatic adjustment mechanism of the exchange rate.” He told reporters in Abuja that it is aimed...

AMCON: Attorney-General Inaugurates Presidential Committee On Loans Recovery

An Inter-Agency Committee on recovery of loans granted to commercial banks and corporate organizations by Asset Management Corporation of Nigeria (AMCON) has been inaugurated by the Federal...

Civil Group Gives Okonjo-Iweala 14 Days To Produce “Missing” N30trn

A civil society group, Socio-Economic Rights and Accountability Project, SERAP, has sent a Freedom of Information Act request to the Minister of Finance, Dr. Ngozi Okonjo-Iweala, urging her to...

Sanusi Commends UBA On Reforms

The Emir of Kano, Muhammadu Sanusi II, has praised the management of United Bank for Africa (UBA) Plc for the bank’s leadership role in the financial industry reforms, when he was the Governor of...

PWC Report: Diezani Orders NNPC To Pay Up $1.48b Debt

THE Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke has allegedly directed the Nigerian National Petroleum Corporation (NNPC) to defray $1.48 billion remittances due to the Federation...

IMF Report Indicts Ecobank Of “Reckless Lending”

The International Monetary Fund, IMF, has said in a report that poor governance and rushed growth at pan-African lender Ecobank pose serious concerns. The Fund made its comments about Ecobank, one of...

Forensic Audit Report: Sanusi’s Claims Incorrect, Says Auditor-General

The Federal Government ordered forensic audit on the operations of the Nigerian National Petroleum Corporation, NNPC, has indicted the national oil company for various questionable transactions....