Nigeria’s naira touched a new record low of 183.05 against the dollar on Monday, driven by concerns over a sustained low oil price and expectations foreign investors would demand more dollar... Read more
It was a lucky Saturday for passengers of Overland airline flight which overshot the run-way with no casualty. The flight 1186, an ATR 72 aircraft with 59 passengers and four (4) crew member... Read more
Dangote Cement, Zenith Bank, First Bank, Nigerian Breweries, Eleme Petrochemical Company and MTN Nigeria are among the top companies in the list of 100 to be honored by President Goodluck Jo... Read more
The oil cartel OPEC surprised many Thursday as it failed to cut petroleum production quota in response to global meltdown in oil prices. The cartel was highly expected to make some review in... Read more
The Minister of Finance Ngozi Okonjo-Iweala on Thursday reassured Nigerians that the country is well prepared for the challenges of declining oil prices. She told participants at the fourth... Read more
OPEC Said to Name Nigeria’s Alison-Madueke as President for 2015 By Rupert Rowling and Grant Smith November 27, 2014 Diezani Alison-Madueke will succeed Libya’s Abdourhman Ataher Al-Ahirish... Read more
A general view of a meeting of oil ministers of the Organization of the Petroleum Exporting countries, OPEC, at their headquarters in Vienna, Austria in June. The ministers meet again on Thu... Read more
The Central Bank of Nigeria has raised its benchmark interest rate for the first time in three years and devalued the naira as tumbling oil prices sent the currency to an all-time low. The r... Read more
Nigeria’s central bank auctioned dollars at 162.50 naira at its official forex window, outside its preferred band of 150-160 and ahead of a key interest rate decision on Tuesday, Reute... Read more
Bharti Airtel has signed off its 4,800-plus telecoms towers in Nigeria to American Tower Corporation for around $1.05 billion (about Rs 6,463 crore) as the world’s fourth largest carri... Read more
