• Presidency asserts FG Has Credit Balance of N1.194tn in TSA

    Presidency asserts FG Has Credit Balance of N1.194tn in TSA

    The Buhari administration revealed to newsmen that the net credit balance of the federal government in the Treasury Single Account (TSA) as of December 2, 2016, was N1.194 trillion rubbishing the allegation made by the Emir of Kano and the former CBN governor, Alhaji Muhammad Sanusi II, that the account of the federal government domiciled at the central bank had been overdrawn to the tune of N4.7 trillion.

    He said last week that the CBN claims on the federal government now […]

  • 23-year-old househelp clones employer’s credit card, buys N328,000 goods online

    23-year-old househelp clones employer’s credit card, buys N328,000 goods online

    A Tinubu Magistrates’ Court in Lagos on Wednesday remanded a 23-year-old housekeeper, Henry Iruma-Egana, who allegedly stole his employer’s credit card to purchase goods online.

    The Magistrate, Mrs F.O. Ikobayo, remanded the housekeeper pending ruling his bail application.

    She adjourned the case to November 30 for the ruling.

    The accused pleaded not guilty.

    The prosecutor, Insp. Richard Odigie, had told the court that the accused cloned Mr. Godwin Okoh’s credit card on November 16 and used it to buy goods worth N 328,000.

    He said […]

  • I’m not interested in buying NLNG, other national assets even on credit, says Dangote

    I’m not interested in buying NLNG, other national assets even on credit, says Dangote

    Following the outcry that has trailed the advocacy for the sale of the country’s national assets as a quick measure to fund the 2016 budget and boost the country’s foreign exchange reserves, the President/Chief Executive of Dangote Group, Alhaji Aliko Dangote, has dismissed insinuations that his advocacy for the sale of the assets was self-serving, saying he was not interested in any of the assets.

    Dangote, who spoke in an interview, stressed that if the Nigeria Liquefied Natural Gas Company or […]

  • Brexit: UK credit rating downgraded

    Brexit: UK credit rating downgraded

    Some of the wider implications of Britain’s decision on Thursday to leave the European Union, commonly called Brexit, have started manifesting.

    The country left the EU after 51.9 per cent of voters backed the exit in a referendum with serious consequences for the British and global economies.

    As a foretaste of what is to come, at the weekend, Britain’s credit rating was downgraded.

    The rating, which was done by Moody’s, one of world’s foremost credit ratings agency downgraded the UK Government’s bond rating […]