The Nigerian naira firmed against the U.S dollar on the interbank market on Friday to its highest level in 18 days after state-owned energy company NNPC sold about $550 million to some lenders, providing support for the local currency.  The naira closed at 160.95 to the dollar, firmer than 161.55 […]

Nigeria’s Senate has said it wants to adopt a $75 per barrel oil price benchmark in the 2012 budget, up from the $70 proposed by the finance ministry, which would give the government more money to spend and leave less for savings. Nigeria saves money into an Excess Crude Account […]

The Chairman, Pension Reform Task Force, Mr. Abdulrasheed Maina, on Thursday in Abuja, disclosed that the body had uncovered a N151bn fraud in pension offices across the nation. The scam was allegedly uncovered by the team with the assistance of the Economic and Financial Crimes Commission. A statement by the […]