FLASH: FG Moves To Prosecute Nigerian Banks, Firms Collaborating In Terrorism Financing

The Federal Government has vowed to take strict action against Nigerian banks, financial institutions, and accounting firms found collaborating in terrorism financing, warning that heads of involved organizations will face prosecution, while the institutions may be fined or closed. This was disclosed by President Bola Tinubu’s Special Adviser on Media and Public Communication, Daniel Bwala,…

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Nigeria’s Economic Recovery Strengthened As Foreign Reserves Hit Seven-year High

Nigeria’s economic recovery is gaining traction, with the Central Bank of Nigeria (CBN) reporting that the country’s external foreign-exchange reserves have risen to US $46.7 billion, the highest level in nearly seven years. That surge reflects renewed investor confidence and stronger inflows. According to the CBN Governor, increased oil receipts, robust portfolio and foreign-investment flows,…

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