Sanusi's Sack As CBN Governor Still Affecting Nigeria's Economy, Ex-Bank Chief

Sanusi Lamido

A former official of the Central Bank of Nigeria has stated that the Nigerian economy is still suffering from the effects of the controversial removal of Sanusi Lamido as the bank's governor.

Microsoft Announces Highest Net Loss In History

Microsoft's chief executive Satya Nadella Photo: Reuters

Microsoft has reported a quarterly net loss of $3.2bn, the worst in the company's history, following major job cuts and writing billions off the value of Nokia

Importers Lament CBN’s Enforcement of Proceeds’ Repatriation Rule

CBN Governor, Mr Godwin Emefiele

At the backdrop of expected positive impact of the recent foreign exchange policy changes by the Central Bank of Nigeria (CBN) on the export sector of the economy, operators in the agro-allied industry, has said they are  losing billions of Naira in revenue daily, a development which has forced many of them out of the business.

Global Firms Shun Mexican Oil, Gas Blocks Bid

Mexico saw disappointing results on Wednesday in its first ever public bidding phase for oil and gas blocks in the Gulf of Mexico.

Naira Has Hit A New Low Against The Dollar, Now N241 For $1

The naira has hit a new low against the dollar in the black market. It sold for N241 to a dollar on Monday, as importers banned from accessing hard currency at the official interbank market by the central bank three weeks ago scramble for hard currency in the unofficial market, a Nigerian currency trader said.

Top 10 Performing Stocks In NSE

Livestock Feeds Plc led the cream of price gainers on the Nigerian Stock Exchange, NSE last week, rising by 11.16 per cent or N0.24 per share to close at N2.39 per share from N2.15 per share it closed penultimate week.  About thirty three equities appreciated during the week under review, higher than twenty two equities of the penultimate week.

Akon Meets Tony Elumelu And Vice President Osinbajo

The superstar and Chairman of Heirs Holdings met at the Africa Energy Leaders Group meeting last week in Abidjan. VP Osinbajo was also there. See more photos after the cut...

Naira Woes Continue, Falls N232 To US Dollar

Nigeria’s currency was quoted at a record low of 232 naira to the dollar on the parallel market on Monday down from 230 naira on Friday, traders said.