Bank of America, one of five banks in $25 billion settlement with the government over foreclosure practices, has struck a side deal that will allow it to reduce penalties in return for bigger cuts to borrowers’ mortgage balances, the Wall Street Journal said. Bank of America will make deeper and […]

Members of the Nigerian Senate were on Wednesday shocked to the marrow at the ongoing public hearing on the management of pension funds when its Joint Committee happened on falsifications of documents in the Police Pension Board, leading to withdrawals of a total N24 billion from the Budget office for […]

The Nigerian naira firmed against the U.S dollar on the interbank market on Wednesday, supported by large dollar sales by state-owned energy company NNPC and expectations of additional dollar inflows in the coming days, traders said.  The naira closed at 157.50 to the dollar on the interbank, firmer than the […]