Month: August 2018

Saraki Declares To Run For Nigerian Presidency With 19 Cardinal Points

Our economy is broken and is in need of urgent revival in order for Nigeria to grow. GDP growth rate has declined. Diversification remains an illusion. Unemployment is at an all-time high. Businesses are shutting down. Jobs are being lost in record numbers, and the capital needed to jumpstart our economy is going elsewhere.

Illegal repatriation: MTN to refund $8.13bn as CBN fines 4 banks N5.87bn

The Central Bank of Nigeria (CBN) has imposed a N5.87 billion fine on Standard Chartered Bank, Stanbic-IBTC, Citibank, and Diamond Bank over alleged illegal remittance of foreign exchange to offshore investors of MTN Nigeria Communications Limited.

This is even as the CBN has directed MTN to refund 8.13 billion dollars which was illegally repatriated by the company with the aid of the four Nigerian banks.