The Minister of Finance, Mrs. Kemi Adeosun on Tuesday said the Federal Government is determined to expand the coverage of the Treasury Single Account (TSA) to cover more agencies in 2017.   Speaking in Abuja at the opening of a two-day retreat on the TSA, the...

The broad effects of low oil prices and production disruptions, which have resulted in a significant reduction of foreign exchange earnings, have raised concerns about some banks’ ability to honour their Eurobond obligations upon maturity. Some of the offshore funds that were raised by the...

In a sign of recovery, $1bn capital inflow recorded in two months CBN Restates need for partial sale of oil assets to boost reserves, reflate economy “I repeat, the worst is over, Nigeria’s economy is on the path of recovery and growth. If you are a...

As far back as 350 BC, the importance of transparency and accountability in the management of the public finance has been put to the fore. Aristotle in one of his classics, “The Politics” underscored the importance of these principles when he suggested “that to...

The latest figures from the Nigerian Bureau of Statistics, NBS for the second quarter has affirmed that Nigeria’s economy is indeed in a recession having recorded negative growth in two consecutive quarters. The grim statistics indicated a decline in GDP growth rate of -0.36%...

...MDs to partner CBN to resolve FX issue ...Wigwe heads bank CEOs’ body ...Naira plummets to N410/$ If the Central Bank of Nigeria (CBN) does not rescind its decision on the eight lenders it barred from foreign exchange transactions, their correspondent banks have threatened to keep them...