The Central Bank of Nigeria (CBN) on Friday, January 4, 2019, made its first intervention in the inter-bank sector of the Foreign Exchange market for 2019 with a total sum of $210 million in... Read more
Apple’s (AAPL) dramatic decision to cut its Q1 2019 revenue guidance from $89 billion to $93 billion down to $84 billion on weaker-than-expected iPhone sales in China has rocked the company’... Read more
Nigerian cement and sugar tycoon Abdulsamad Rabiu has become at least $650 million richer after merging Kalambaina Cement, a subsidiary company of his BUA Cement, with publicly traded Cement... Read more
The Federal government and the Nigeria Labour Congress (NLC) will Friday hold another round of talks on how to break the logjam over the minimum wage for Nigerian workers. Workers insistence... Read more
Do you believe it? None of the four refineries in the country has undergone turnaround maintenance for 42 years, according to the Group Managing Director of the Nigerian National Petroleum... Read more
SEOUL (Reuters) – North Korean leader Kim Jong Un said on Tuesday he is ready to meet U.S. President Donald Trump again anytime to achieve their common goal of denuclearizing the Korea... Read more
The S&P 500 and the Dow each clocked their biggest single-session point gains on record on Wednesday. The S&P 500 (^GSPC) rose 4.96%, or 116.6 points, as of market close. On a percen... Read more
The Chairman of Forte Oil Plc, Mr Femi Otedola, has announced his decision to sell all his shares in the firm’s downstream business. TForte Oil disclosed on Monday the divestment by its majo... Read more
The Central Bank of Nigeria announced Monday that its dispute with MTN Communications Limited over an alleged illegal transfer of $8.1 billion out of Nigeria had been resolved. CBN’s spokes... Read more
A Federal High Court in Abuja has ordered the temporary forfeiture of 46 properties allegedly belonging to Dr. Ngozi Olojeme, the Deputy Chairman, Finance Committee of the Goodluck Jonathan... Read more