CBN reveals amount Nigeria spent on fuel importation in 5 years

The Central Bank of Nigeria, CBN, yesterday, disclosed that the sum of $119.409bn was spent on the importation of commodities into the country in...

CBN sets deadline for banks to resolve customers’ complaints

The Central Bank of Nigeria, CBN, on Tuesday stipulated two weeks as timeframe within which banks and other financial institutions must resolve customers’ complaints...

Oil prices hit 30-month high of $65 per barrel

Oil prices on Tuesday jumped by one per cent to $65.24 a barrel, being highest since mid-2015, after the closure of the Forties North...

Adeosun opens up on why she suspended SEC boss, Gwarzo

The Minister of Finance, Mrs. Kemi Adeosun, has explained that her decision to suspend the Director-General of the Securities and Exchange Commission, SEC, Mounir...

FG probes Mobil over alleged $1.9bn fraud, to recover $7bn CBN...

The federal government disclosed on Wednesday that it is investigating multinational giants, including Mobil Oil Producing for allegedly shortchanging Nigeria in the payment for...

Nigerian govt recovers N527bn, $53m through whistle blower policy

The Economic and Financial Crimes Commission, EFCC, as at May this year, recovered over N527 billion, as well as foreign currencies, through the Whistle...

Finance ministry likens Bitcoin, crypocurrencies to Ponzi scheme

India’s Finance ministry has drawn the attention of investors to the risks associated with trading in cryptocurrencies such as Bitcoin, warning categorically that digital...

CBN retains 14 percent interest rate, justifies sustenance of tight monetary...

The Monetary Policy Committee, MPC, of the Central Bank of Nigeria, CBN, has retained the monetary policy rate at 14 per cent, explaining that...

Lagos joins trillionaires’ club as Ambode presents 2018 budget

The Lagos State governor, Mr. Akinwunmi Ambode on Monday presented a 2018 budget estimate of N1,046,121,181,680 before the Lagos State House of Assembly. The projected...

I’m ashamed Nigeria generates 4,500MW of electricity – Adesina

President of the African Development Bank, AfDB, Akinwumi Adesina, has stated that it is unacceptable for Nigeria to be delivering 4,500 megawatts of power. Speaking...