Suspended Central Bank of Nigeria (CBN) Governor, Lamido Sanusi, recently told New York Times that the $20 billion he accused the state-owned Nigerian National Petroleum Corporation (NNPC) of not remitting was actually shared by a powerful cabal close to government, ahead of next year’s all-important general elections. According to Sanusi, […]

The U.S. Securities and Exchange Commission is investigating whether currency traders at the world’s biggest banks distorted prices for options and exchange-traded funds by rigging benchmark foreign-exchange rates, according to two people with knowledge of the matter. The SEC’s inquiry adds to European and U.S. regulatory probes of possible manipulation […]

The Asset Management Corporation of Nigeria (AMCON) would soon begin the arrest and publishing of names of 13, 000 Nigerians who have refused to settle their debts with it. AMCON Executive Director, Credit Directorate, Abbas Mohammed Jega, disclosed this in an exclusive interview with Daily Trust. Jega said this measure […]