EFCC Arraigns Chinese National Over Alleged Fraud

The Economic and Financial Crimes Commission (EFCC), through its Abuja Zonal Directorate, has arraigned a Chinese national, Zhang Wen Hao, before Justice Ibrahim Shekarau of the Nasarawa State High Court sitting in Mararaba. Zhang was arraigned on a one-count charge bordering on cheating. According to the charge, Zhang allegedly induced one Paul Yichol with the…

President Trump Dismisses Kristi Noem as DHS Secretary

Donald Trump has dismissed his embattled Homeland Security Secretary, Kristi Noem, and announced that he will nominate Markwayne Mullin, a Republican senator from Oklahoma, to replace her. Trump revealed the decision Thursday in a post on Truth Social, just two days after Noem faced intense questioning from both Republican and Democratic lawmakers during hearings on…

Nigeria’s Gold Reserves Rise to $3.5bn — CBN

The Central Bank of Nigeria (CBN) says its gold reserves have increased to $3.5 billion following the acquisition of newly refined gold that meets the London Bullion Market Association (LBMA) Good Delivery standards. In a statement issued on Wednesday, March 4, the apex bank said the gold was sourced locally through the national gold purchase…

VAT revenue rises 34% to N6.4trn in 9 months

The Federal Government has outlawed the use of roadblocks for collecting taxes and levies across the country and introduced a new Presumptive Tax Framework (PTF) aimed at formalising millions of small and informal businesses. The initiative is designed to simplify tax compliance for traders, artisans and micro enterprises by creating a more straightforward payment system.…

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