The Office of the Accountant General of the Federation (OAGF) has confirmed that it has deactivated the Integrated Personnel and Payroll Information System (IPPIS) for Federal Tertiary Institutions (FTIs). This action follows the federal government’s recent decision to remove FTIs from the IPPIS platform. In an interview with The Nation, Bawa Mokwa, Director of Press … Read more
The federal government is proposing that the Nigerian Maritime Administration and Safety Agency (NIMASA) and the Nigerian Port Authority (NPA) shift to collecting charges, fees, fines, and other payments in Naira instead of foreign currencies. This announcement was made by Bayo Onanuga, the Special Adviser to the President on Information and Strategy, during a briefing … Read more
Nigeria’s Securities and Exchange Commission (SEC) has granted approval in principle to two cryptocurrency exchanges, Quidax and Busha, officially recognizing them as legal crypto trading platforms in the country. EKO HOT BLOG reports that these approvals were issued under the Commission’s Accelerated Regulatory Incubation Program (ARIP). Additionally, the SEC has admitted four other companies—Trovotech Ltd, … Read more
EFCC apprehends 34 individuals for suspected involvement in forex fraud in Abuja. Coordinated sting operation targets currency speculation activities impacting Nigeria’s economy. Arrests underscore EFCC’s commitment to stabilizing and regulating the forex market. EKO HOT BLOG reports that the Economic and Financial Crimes Commission (EFCC) has apprehended 34 individuals suspected of engaging in foreign exchange fraud … Read more
CBN approves sale of $10,000 to each BDC at N1,251/$1 rate. Circular directs BDCs to sell to eligible users with a spread of not more than 1.5% above purchase price. Second tranche of foreign exchange sale to eligible BDCs authorized by the apex bank. The Central Bank of Nigeria (CBN) has sanctioned the sale of … Read more
EKO HOT BLOG reports that Embattled ex-Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, is currently in the process of vacating the official CBN Governors’ quarters in Lagos, amid unfolding legal challenges and fresh accusations against him. According to reliable sources from The Nation, Emefiele was seen moving his personal belongings from the residence … Read more