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FG Orders Nigerians To Submit Self-Certification Forms Or Lose Bank Accounts

The Federal Government has ordered all Nigerians holding accounts across financial institutions and insurance firms to complete and submit Self-certification forms. President Muhammadu Buhari-led Federal government announced the decision in a terse statement on the micro-blogging site, Twitter on Thursday evening, September 17. Buhari government warned that failure to comply …

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FEC ratifies $3.1bn Customs modernisation project

• Targets $176bn revenue The Federal Executive Council (FEC) has approved $3.1 billion for the end-to-end automation of the Nigeria Customs Service (NCS). Minister of Finance, Budget and National Planning, Zainab Ahmed, made the disclosure at the end of the 14th virtual Federal Executive Council meeting, yesterday. Ahmed, alongside the Attorney-General …

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Akinwunmi Adesina Reelected As President of AFDB

Nigeria’s Akinwumi Adesina has been re-elected as the President of the African Development Bank President for a second five-year term. The election took place electronically on Thursday at the virtual annual general meeting of the bank. Adesina’s reappointment on Thursday at the helm of the 56-year-old bank is considered a …

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Dollar scarcity worsens, forces Naira down

The scarcity of dollars at the parallel market on Tuesday in Lagos forced the Naira down to N480 to a dollar. The News Agency of Nigeria reports that the Pound Sterling and the Euro exchanged at N610 and N550, respectively. Trading at the investors’ window saw the naira closing at N385.98 …

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