Nigeria’s top football coach, Salisu Yusuf, has been caught on camera taking cash from men posing as football agents. The footage was captured by controversial journalist Anas Aremeyaw Anas in September 2017 – and is being broadcast for the first time by BBC Africa Eye. The chief coach of the Super Eagles, and first assistant […]
Author: Isaac Umunna
Nigeria’s central bank holds benchmark lending rate at 14 percent
Nigeria’s central bank kept its main interest rate at 14 percent on Tuesday, its governor said, marking two years at the record high level. Godwin Emefiele cited the risk of increasing inflationary pressure in the decision by the bank’s monetary policy committee to hold the rate at its current level. The rate has been held […]
‘ FG Diverted N28bn Ecological Fund In 2016’
According to the recently released auditor-general’s report for 2016, the federal government termed the fund movements as “borrowings” and there were no clear arrangements for repayments. According to the recently released auditor-general’s report for 2016, the federal government termed the fund movements as “borrowings” and there were no clear arrangements for repayments. “The Ecological Fund […]
Oil jumps after Trump warns Iran of grave ‘consequences’
President Donald Trump warned Iranian President Hassan Rouhani late Sunday of “Consequencies the likes of which few throughout history have ever suffered before” after the Iranian leader said a US-Iran conflict would be the “mother of all wars.” Oil prices rose Monday after President Donald Trump delivered Iranian President Hassan Rouhani a frenzied threat on […]
Royal Dutch Shell mulls $25bn share buy-back
Royal Dutch Shell is under pressure to repay its investors’ patience this week by beginning a bumper $25bn (£19bn) share buy-back plan. The oil giant issued shares to existing investors instead of paying out dividends when oil prices were low as it sought to hang on to cash. As the crude market has recovered, Royal […]
Nigerians bury cash in backyards as mobile money stumbles
Every few days, Tasiu Abdurrahman takes the money he makes from selling spices in Nigeria’s biggest northern city and buries it in his yard. The 55-year-old closed his bank account eight years ago after growing disillusioned with standing in long lines for hours to deposit or withdraw cash. Abdurrahman is one of about 50 million […]
Holding Bays: NPA Reviews Suspension Order On Shipping Companies
By Foster Obi The Management of the Nigerian Ports Authority has ordered the restoration of services to the four shipping Companies whose operations were suspended for their failure to comply with the directive of acquiring and operating holding bays for their containers. A statement signed by Isah Suwaid, Asst. Gen. Manager (C&SC) said however that […]
UNICEF Nigeria welcomes release of child Boko Haram suspects
UNICEF Nigeria praises the release of children suspected of Boko Haram ties from administrative custody. Nine years of war against Boko Haram in northern Nigeria has taken a toll on young people. The Nigerian Army has released a group of children in Borno State after the children were cleared of ties with the group. Experts […]