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 […]

Equity trading activities on the Nigerian Stock Exchange closed on a negative note on Thursday, extending the losses which began on Tuesday. The NSE’s All-Share Index fell by 0.4 per cent or 84.67 basis points from 20,997.88 on Wednesday, to 20,913.21 points. Similarly, the market capitalisation of the listed shares […]