The federal government has proposed N1.6bn for ongoing phased replacement of vehicles and spares N1.6bn for vehicles in the Presidency, while at the same time budgeting N650m as counterpart funding for the Mambilla Power Project in the 2022 budget, and this is presently causing ripples in the economic circles. According …

Nigeria has been ranked sixth among the top 10 countries with the highest exposure to funds and support from the World Bank. According to the International Finance Corporation (IFC), a member of the World Bank Group’s annual report, “Meeting the Moment”, Nigeria was sixth with a benefit of $2 billion, …

EFCC Chairman, Abdulrasheed Bawa The Economic Financial Crimes Commission (EFCC) led by Abdulrasheed Bawa, plans to spend N920,921,105 on traning and transportation of its operatives to different locations within and outside the country in 2022. This is part of EFCC’s budget contained in the 2022 Appropriation Bill submitted by President …

A Jumia partner, and CEO Topik M&F Kollection, Ekhomalomen Innocent, has described the recent move of the e-commerce firm to have pickup stations in locations close to customers, as ideal for promoting online shopping culture, especially in rural and secondary cities in the country. Innocent explained that the initiative will …

  …Releases website to register In bridging unemployment gap among the youth, Mastercard Foundation in collaboration with Enterprise Development Centre (EDC), since last year has commenced training of Nigerian youths with a view to creating a minimum of 200,000 jobs in the next five years. The director, Enterprise Development Centre …

…As 60 customers Win N6m in September Draws Stanbic IBTC Bank PLC, a subsidiary of Stanbic IBTC Holdings PLC has rewarded 60 of its new and existing customers with the sum of N6m for the September draws in its Reward4Saving Promo where the bank’s customers are expected to win cash …

  Fidelity Bank Plc, a tier-2 lender in Nigeria, led by Nneka Onyeali-Ikpe as its chief executive officer, is in the news again for the wrong reason The Moment Nigeria exclusively reports. A Lagos High Court yesterday heard how staff members of Fidelity bank Plc hacked its database, cloned over …

A former banker with First City Monument Bank (FCMB) Seun Awosanya and an auto spare parts dealer, Amechi Osita, were today, re-arraigned before a Lagos Federal High Court, by the Police’s Special Fraud Unit (PSFU), on charges bordering on fraud and stealing of the sum of N66, 450, 000 million. …

Some of the victims who were kidnapped in different parts of Zamfara State resorted to eating grasses to survive when their captors left them with no food. One of the victims, who gave her name as Iklima Murtala, claimed that 17 persons died as a result of starvation. Receiving the …

Over 77 million subscribers of MTN Network across Nigeria are currently experiencing service outage and are unable to connect. This newspaper gathered that the customers of the telco were unable to use the mobile network operator’s call, data and SMS services on Saturday. The outage began around 2:00pm as “emergency calls only” …