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Money Laundering

Nigerian Treasury Bills Yield Climbs Above Inflation

Nigerian Treasury bills yield climbs above inflation as investors position for a major auction and markets anticipate softer monetary policy.

Naira Weakens as Dollar Demand Pressures Persist

The naira weakened at the official market as dollar demand surged, prompting fresh calls for deeper intervention from the Central Bank.

Court Mandates EFCC to Free Detained Socialite in High-Profile Corruption Case

KEY POINTS A Federal High Court ordered the EFCC to release businesswoman Aisha Achimugu...

Lagos Socialite E-Money Released After EFCC Interrogation

KEY POINTS E-Money was released after EFCC interrogation over alleged Naira abuse and defacing...

Businesswoman Aisha Achimugu Begins Hunger Strike

KEY POINTS Businesswoman Aisha Achimugu declared a hunger strike after her arrest by the...

Court Orders Aisha Achimugu to Face EFCC Over $25.3 Million Oil Block Probe

KEY POINTS Aisha Achimugu faces court-ordered questioning by the EFCC over alleged money laundering...

Three Nigerians Plead Guilty to $4.5 Million US Money Laundering Scheme

KEY POINTS Three Nigerians admitted laundering $4.5M via romance/BEC scams, targeting 125+ victims in...

Customs Intercepts $193,000 Concealed in Yogurt Carton

KEY POINTS The Customs authorities discovered $193,000 worth of concealed funds concealed inside a...

Court Overrules Yahaya Bello as EFCC Opens N110bn Fraud Trial

Judicial authorities rejected Yahaya Bello's legal challenge while granting EFCC authority to pursue its N110bn fraud case.

Fintech Firms to Resume Customer Enrollment After Regulatory Pause

Nigerian fintech companies will be allowed to resume enrolling new customers in a few months, according to the Central Bank of Nigeria (CBN). The CBN had suspended new customer onboarding in April to address concerns about money laundering.

EFCC Reopens Money Laundering Cases Against 13 Ex-Governors

Nigeria's Economic and Financial Crimes Commission (EFCC) has reopened money laundering cases against 13...

Former Minister Sadiya Umar-Farouq Fails to Appear at EFCC Amid ₦37.1bn Fraud Probe

Sadiya Umar-Farouq, former minister, leaves EFCC waiting, declining ₦37.1bn fraud inquiry appearance, stirring concerns over her non-attendance.

Latest articles

Nigerian Treasury Bills Yield Climbs Above Inflation

Nigerian Treasury bills yield climbs above inflation as investors position for a major auction and markets anticipate softer monetary policy.

Naira Weakens as Dollar Demand Pressures Persist

The naira weakened at the official market as dollar demand surged, prompting fresh calls for deeper intervention from the Central Bank.

Nigerian Bonds Yield Drops as Inflation Slows

Nigerian bonds yield dropped to 15.46 percent as disinflation encourages investor demand, with real interest rates rising and long-term debt instruments attracting strong interest.

Unity Bank MD Urges Youths to Embrace Savings Culture

Unity Bank MD urges young Nigerians to embrace a savings culture, stressing financial literacy, early money management, and long-term resilience for economic independence.