CBN sells most dollars in one month as liquidity fades
$575m sold in May exceeds March & April combined …Oil companies to resume dollar sales...
2024
Nigeria suffers another power grid collapse, darkness returns
Nigeria has been thrown into darkness again after the nation power grid collapsed early Monday....
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...
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...
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...
Minimum Wage: Expectations high as FG, Labour meet today
Negotiations for a new national Minimum Wage resumes today, at the 7th meeting of the...
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...
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,...
Top 10 African countries producing Palm Oil
An essential good with major economic significance is African palm oil. The African palm oil...
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...