Business
Emefiele’s wife declared wanted over alleged fraud
Emefiele’s wife declared wanted over alleged fraud
Margaret Emefiele, wife of former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, has been declared wanted.
The Economic Financial Crime Commission (EFCC) says she is wanted alongside a CBN official, Eric Odoh, a businesswoman, Anita Omoile, and a Bureau De Change operator, Jonathan Omoile.
A statement issued by the commission on Friday said they were declared wanted for allegedly conspiring with Emefiele to convert huge sums of money belonging to the Federal Government.
The wife of the former CBN boss reportedly went into hiding after her husband was arrested and charged to court.
The anti-graft agency also released the suspects’ mugshot on its website and social media handles.
The statement read in part, “Emefiele, Odoh, Mr and Mrs Omoile, wanted by the EFCC. The quartet of Eric Odoh, Margaret Emefiele, Anita Omoile and Jonathan Omoile are wanted by the EFCC for offences bothering on economic and financial crimes.
“Any information on their whereabouts? Please contact the nearest EFCC command or the nearest police station,”
Emefiele was suspended by President Bola Tinubu on June 9, 2023, leading to his arrest by the Department of State Services (DSS) in Lagos.
He was later transferred to Abuja and moved to custody of the EFCC, which arraigned him on money laundering and fraud charges.
After some weeks, Tinubu named Jim Obazee as the Special Investigator to probe the apex bank under Emefiele’s watch.
In his report to the president, Obazee had, among other allegations, accused Emefiele of opening 593 foreign bank accounts without approval of either President Muhammadu Buhari or CBN’s board of directors.
The investigator disclosed that the accounts were in different banks in the United Kingdom, the United States and China,.
Business
PH refinery: 200 trucks will load petroleum products daily, says Presidency
PH refinery: 200 trucks will load petroleum products daily, says Presidency
No fewer than 200 trucks are set to load petroleum products at the government-owned Port Harcourt Refinery, the presidency has said.
A presidential spokesperson, Sunday Dare, made this known in a statement through his official X handle on Tuesday.
Newstrends had reported that the Nigerian National Petroleum Company on Tuesday announced that Port Harcourt Refinery has resumed operations and crude oil processing after years of inactivity.
READ ALSO:
- US-based Nigerians get 30-year sentence over $3.5m romance scam
- 4 Nigerians arrested in Libya for alleged drug trafficking, infection charges
- BREAKING: Port Harcourt refinery begins operation
Reacting, Dare said, “200 trucks are expected to load products daily from the refinery, Renewing the Hopes of Nigeria.”
He added that “the Port Harcourt refinery has two wings.
“The Old Refinery comes on stream today with an installed production capacity of 60, 000 barrels per day of crude oil.”
PH refinery: 200 trucks will load petroleum products daily, says Presidency
Business
Breaking: CBN increases interest rate to 27.50%
Breaking: CBN increases interest rate to 27.50%
The Central Bank of Nigeria (CBN) has raised the lending interest to 27.50 per cent from 27.25 per cent.
This latest increase in the Monetary Policy Rate came after a meeting of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Monday and concluded Tuesday.
The Monetary Policy Rate measures the benchmark interest rate.
The CBN Governor, Yemi Cardoso, announced this in Abuja on Tuesday after the MPC meeting, last for the year, held at the apex bank’s headquarters.
He said the MPC voted unanimously to raise the MPR by 25 basis points from 27.25% to 27.50%; and retain the Cash Reserve Ratio (CRR) at 50% for Deposit Money Banks and 16% for Merchant Banks.
The CBN governor also said the MPC retained the Liquidity Ratio (LR) at 30% and Asymmetric Corridor at +500/-100 basis points around the MPR.
Business
Nigeria’s unemployment rate dropped to 4.3% in Q2 – NBS
Nigeria’s unemployment rate dropped to 4.3% in Q2 – NBS
Nigeria’s unemployment rate stood at 4.3 per cent in the second quarter of 2024, the National Bureau of Statistics (NBS) has said in its latest report.
The report released on Monday said the unemployment rate decreased compared to the 5.3 per cent recorded in the Q1 of 2024.
The NBS defined the unemployment rate as the share of the labour force (the combination of unemployed and employed people) who are not employed but actively searching and are available for work.
“The unemployment rate for Q2 2024 was 4.3%, showing an increase of 0.1 percentage point compared to the same period last year,” the report stated.
“The unemployment rate among males was 3.4% and 5.1% among females.
“By place of residence, the unemployment rate was 5.2% in urban areas and 2.8% in rural areas. Youth unemployment rate was 6.5% in Q2 2024, showing a decrease from 8.4% in Q1 2024.”
Report also said the unemployment rate among persons with post-secondary education was 4.8 per cent; 8.5 per cent among those with upper secondary education, 5.8 per cent for those with lower secondary education, and 2.8 per cent among those with primary education in Q2 2024.
Employment rate – 76%
The report showed that the employment-to-population ratio, which measures the number of employed workers against the total working-age population, increased to 76.1 per cent in Q2 2024.
“In Q2 2024, 76.1% of Nigeria’s working-age population was employed, up from 73.1% in Q1 2024,” the report stated.
Self-employment – 85.6%
The report further showed that Nigeria’s labour market saw a notable shift as the proportion of self-employed individuals increased in Q2 2024.
It stated, “The proportion of persons in self-employment in Q2 2024 was 85.6%.”
-
metro19 hours ago
BREAKING: Port Harcourt refinery begins operation
-
Business3 days ago
Just in: Dangote refinery reduces petrol price for marketers
-
metro2 days ago
40-foot container falls on car in Lagos
-
Politics3 days ago
2027: Lagos Speaker, Obasa joins gov race, may battle Seyi Tinubu, others
-
Politics2 days ago
Lagos 2027: Seyi Tinubu campaign team releases his life documentary
-
International2 days ago
Trump to sack 15,000 transgender officers from U.S. military: Report
-
Entertainment2 days ago
Polygamy best form of marriage for Africa – Okey Bakassi
-
metro2 days ago
Policewoman dismissed in Edo threatens to kill children, commit suicide