TSA: Fed Govt hires EY, PwC to recover monies in banks

The Federal Government has engaged the services of some international audit firms, including Ernst & Young and PriceWaterhouse Coopers, to reconcile and recover public...

FG yet to audit TSA –Auditor-General

Two years after it commenced the full implementation of the Treasury Single Account (TSA), in its ministries, Departments and Agencies (MDAs), the Federal Government...

Stock index rises as bank shares gain

Nigerian stocks closed higher on Friday for the second consecutive day, lifted by shares in banking, cement and a consumer goods maker.But the stock...

Stocks fall by ₦294 billion, near two-week low

The Nigerian stock market recorded a ₦294bn decline on Tuesday, nearing its lowest level in two weeks.The market was dragged down by losses in...

Shell pays $31b to Fed Govt, NDDC

Shell Petroleum Development Company (SPDC) has remitted $29.8 billion to the Federation Account and another $1.2 billion to the Niger Delta Development Commission (NDDC),...

Oil prices fall 2 pct on strong USD, weak China data

Oil prices tumbled 2 percent on Monday in volatile trade, as the dollar strengthened and China posted weak domestic demand data, sinking prices that...

Lagos raises ₦85 billion developmental projects bond issue

Lagos state on Monday raised ₦85.14 billion ($271 million) in 7- and 10-year bonds to fund infrastructure and environmental projects, its commissioner for finance...

DMO pledges support to bridge revenue, expenditure gap

Director-General of the Nigeria's Debt Management Office, Ms. Patience Oniha, says the agency will support the Federal Government to bridge the gap between country’s...

DMBs to support SMEs with ₦26 billion

Deposit Money Banks (DMBs), yesterday announced the setting up of a projects review committee to oversee the disbursement of ₦26 billion equity funds for...

OPEC pumps more oil in July despite cut pledge: IEA

OPEC pumped more oil in July as global oil supplies rose for the third straight month, the IEA said Friday, giving figures that cast...

Oil prices slip as IEA sees slow market rebalancing

Oil prices fell slightly on Friday after the International Energy Agency said weak OPEC compliance with production cuts was prolonging a rebalancing of the...

Nigeria to sell up to $3 billion Eurobonds to replace bills

Nigeria plans to sell as much as $3 billion of foreign-currency bonds to replace naira debt, according to its finance minister.According to Bloomberg, the...