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Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Nigerian National Petroleum Company (NNPC) Limited over the “failure to disclose details of Nigeria’s daily oil production, exportation and the total amounts of revenues generated from oil since the removal of subsidy on petrol in May 2023.” Former Governor of the Central Bank of Nigeria (CBN), Sanusi Lamido …

Here are the top 10 stories making headlines across the country. 1. Former CBN Gov, Emefiele, regains freedom two days to Christmas Embattled former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has reportedly been released from the Kuje Correctional Centre in Abuja after meeting his bail conditions.Read more 2. Tinubu taking measures to address challenges brought by …

CLAIM: An investigator’s report on the activities of the Central Bank of Nigeria under the embattled former governor, Godwin Emefiele has claimed that Buhari did not approve the redesigning of Naira notes, instead Tunde Sabiu, Buhari’s nephew did. VERDICT: False! FULL TEXT A report of an investigation of activities of the CBN under Emefiele by a Special Investigator, Jim Obaze …

Here are the top 10 stories making headlines across the country. 1. CBN investigators say Emefiele lodged £543m in UK banks alone, reveals other monumental fraud The final report of the Special Investigator on the Central Bank of Nigeria and related Entities, Jim Obaze has uncovered alleged monumental fraud perpetrated under Godwin Emefiele.Read more 2. Obi condemns planned demolition of …

The Central Bank of Nigeria (CBN) has lifted the ban on cryptocurrency transactions in the country. The apex bank in February 2021 ordered all financial institutions in the country, including banks to shut accounts of citizens or entities involved in cryptocurrency transactions within their systems. The CBN had earlier warned that digital currencies such as Bitcoin, Litecoin, and others are …

The Supreme Court has affirmed the victory of Peter Mbah as the elected governor of Enugu State in the March 18 gubernatorial election. While delivering the judgement on Friday, the five-member panel of the apex court led by Justice Mohammed Garba, in a unanimous decision, held that a petition filed by the governorship candidate of the Labour Party (LP), Chijioke …

The final report of the Special Investigator on the Central Bank of Nigeria and related Entities, Jim Obaze has uncovered alleged monumental fraud perpetrated under Godwin Emefiele. The alleged fraud under the erstwhile Governor of the apex bank, is said to include opening of 593 bank accounts in the United States, United Kingdom and China without the approval of the …

Nigeria has spent the sum of N1.792tr on servicing domestic debts in three months of July, August and September 2023, data sourced from the Debt Management Office (DMO) by Ripples Nigeria has shown. For the month of July, the country spent N268bn to service its domestic debt. The figure rose to N696bn by August 2023 before hitting N827b in September …

The intervention of President Bola Tinubu in the political crisis in Rivers State has started yielding results, as members of the state House of Assembly have withdrawn the impeachment notice that was previously sent to Governor Siminalayi Fubara. The lawmakers officially began their sessions in the state capital of Port Harcourt on Wednesday. The lawmakers gathered solely to focus on …

In November, President Bola Tinubu presented his first appropriation bill to a joint session of the National Assembly, as the president of Nigeria, proposing to spend N27.5 trillion in the 2024 fiscal year. The budget is about N6 trillion higher than the N21.83 trillion approved by former president Muhammadu Buhari for 2023. RipplesMetrics has reported the trends of increasing budget …