CBN sells most dollars in one month as liquidity fades
$575m sold in May exceeds March & April combined …Oil companies to resume dollar sales to banks The Central Bank...
Nigeria suffers another power grid collapse, darkness returns
Nigeria has been thrown into darkness again after the nation power grid collapsed early Monday. Officials of the sector said...
How a N44bn fraud is causing ripples at First Bank, help sought from Police
Nigeria’s oldest financial institution, First Bank recently named a risk guru as Chief Executive Officer and now it is becoming...
Ghana is now richer than Nigeria under Tinubu – renowned economist says
Following the first anniversary of Nigeria’s current administration led by President Bola Tinubu, some of the country’s successes and shortcomings...
ExxonMobil downsizes Nigerian operations, shifts to smaller office facility
ExxonMobil is downsizing its operations in Nigeria, Africa’s largest oil-producing country. The oil giant is vacating its expansive offices in...
Minimum Wage: Expectations high as FG, Labour meet today
Negotiations for a new national Minimum Wage resumes today, at the 7th meeting of the 37 members tripartite committee, in...
Naira falls further as dollar sales drop by 30.05%
The naira on Thursday weakened further at the official foreign exchange (FX) market, following a drop in dollar sales by...
Nigeria’s Dangote refinery plans London and Lagos listings
Nigeria’s Dangote refinery is aiming for a dual listing on the London and Lagos bourses, a senior executive said on...
Top 10 African countries producing Palm Oil
An essential good with major economic significance is African palm oil. The African palm oil sector may prosper and improve...
PDP says Tinubu’s first year most challenging since civil war
The Peoples Democratic Party (PDP) has described President Bola Tinubu’s All Progressives Congress-led administration’s first year in office as the...