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 of Nigeria (CBN) recorded its highest...

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 the grid collapsed at exactly...

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 clearer why the banking...

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 were highlighted. Unfortunately, the...

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 Lagos, as the 33-year-old lease...

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 Abuja Nigeria Labour Congress NLC...
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