The Minister of Finance, Mrs. Kemi Adeosun, has solicited the cooperation of the Central Bank of Nigeria (CBN) in extending the Bank Verification Number (BVN) regime to account holders in microfinance banks (MFBs). Adeosun said this would facilitate the detection...

Banks are now looking for customers to buy the surplus greenback currently in their vaults, following the recent interventions by the Central Bank of Nigeria (CBN) in the interbank market. In a bid to close the gap between the interbank...

The Nigeria Extractive Industries Transparency Initiative (NEITI) says Nigerian National Petroleum Corporation (NNPC) is yet to remit 15.8 billion dollars collected from Nigeria Liquefied Natural Gas (LNG) to the Federation account, in spite of the report submitted to the...

OPEC said oil producers have kept their promise to cut output in accordance with a landmark deal designed to lift petroleum prices. As a result, prices rose in February as last year’s accord between OPEC members and some non-members gained...

Lagos State Governor, Mr. Akinwunmi Ambode yesterday said his administration’s plan to carry out a total reconstruction of the International Airport Road from Oshodi was being frustrated by the Federal Ministry of Works. Governor Ambode, who spoke to Government House...

The federal government on Wednesday expressed optimism that the Nigerian economy was on the path of recovery, assuring the public that the country would crawl out of recession before the end of the year. Making this disclosure while briefing journalists...