Fayemi Lands In EFCC Custody Over N4bn ‘Fraud’

Operatives of the Economic and Financial Crimes Commission (EFCC) are currently quizzing a former governor of Ekiti State, Kayode Fayemi, over misappropriation of funds to the tune of N4 billion. Our correspondent learnt that Fayemi, also a former Minister of Mines and Steel Development during President Muhammadu Buhari’s first term, was still undergoing interrogation at…

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CBN debunk claims of Naira devaluation

The Central Bank of Nigeria has debunked the claim that it has devalued the naira. A statement signed by Acting Director Corporate Communications, Isah AbdulMumin, said the dollar traded at N465/$1 contrary to reports. The statement partly reads, “We wish to state categorically that this news report, which in the imagination of the newspaper is…

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Subsidy: Petrol price will come down, says NNPC

The Group Chief Executive Officer, Nigerian National Petroleum Company Limited, Mele Kyari, on Thursday, allayed the fear of Nigerians on the rising prices of Premium Motor Spirit, known better as petrol across the country. The NNPC boss said competition among major players in the oil sector would force down the price of petrol as against…

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