Policy

Nigeria freezes 15 million bank accounts with BVN
Policy

Nigeria freezes 15 million bank accounts with BVN

A Federal High Court sitting in Abuja, Nigeria’s capital, has ordered the freezing of over 15 million bank accounts without BVN, bank verification numbers. The temporary order will be in place and could see the government taking over all the funds in the bank accounts for non-compliance with anti-money laundering […]

Nigeria mulls NGN8.6 trillion for 2018 budget
Policy

Nigeria mulls NGN8.6 trillion for 2018 budget

Africa’s largest economy, Nigeria, has released its estimate for its 2018 budget which might be in the region of about NGN8.6 trillion. This is a record 15.5% increase on a year on year basis. Using real-time exchange rate, the government plans to spend USD27.34 billion. According to a draft of […]