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...

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...

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 market players. After trading on...

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 Tuesday. Earlier on Tuesday, local...
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