CBN absorbs N2.5tn in a heavily oversubscribed OMO auction as investors chase high yields, while tight liquidity sends naira to N1,331 per dollar.
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CBN changes dollar exchange rate as naira weakens, new USD prices emerge
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Nigeria’s most expensive neighbourhoods: See how much It costs to own a home there
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OpenAI releases Sora AI video generator to public
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CBN crashes dollar as naira hits new high in official window
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Expert lists 10 federal government funding programmes Nigerians can access in 2026
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US federal workers weigh Trump buyout as court to step in
US federal workers face another deadline Monday to accept a mass buyout from their government jobs as a judge holds a key hearing on whether the offer is legal. Federal Judge George O'Toole last week said he accepted the case and will hold a first hearing in a Boston courtroom at 2:00 pm (1900 GMT) Monday.
Conoil, 3 other oil companies record N386 billion in profits in 2024
Investors in Nigeria's oil and gas sector are all smiling to the bank after a profitable 2024, with billions of naira in profit. Four key players recorded N386bn...
McDonald's profits dented by food poisoning outbreak
McDonald's reported a dip in profits Monday as it contended with lingering effects from a US food poisoning outbreak that depressed sales in its home market. Sales hit a trough soon after the late-October outbreak, but improved later in the quarter as McDonald's bolstered marketing campaigns and value promotions, executives said on an earnings conference call.
Did cuts to shipping emissions spur more global warming?
Could a sudden drop in pollution from cargo vessels criss-crossing global shipping lanes be inadvertently making the world hotter? - Why did shipping emissions drop?
Nestle share slump adds pressure on new boss
Nestle's slumping share price is rattling shareholders and pension funds that have invested in the food giant, piling pressure on its new boss ahead of Thursday's annual results. In Switzerland, the NZZ daily newspaper warned that many Swiss citizens were affected given Nestle's weight in pension fund investment.
Electricity tariff hike: NERC asks DisCos to justify requests for higher rates
As DisCos continues to agitate for an increase in electricity tariffs, NERC has asked them to present plans and explain what they will do with the money.
44% of businesses in Nigeria forced to layoff staff in 2024, says report
In the face of inflation crisis and in a bid to cut costs, about 44% of businesses were forced to lay off staff in 2024. The survey revealed other challenges
136 companies restructured, delisted from NGX as businesses battle tough environment
As businesses continue to battle the tough economic environment, many more seem to be leaving the NGX. A recent compliance report has shown up to 136 leaving...
Nokia CEO Lundmark to be replaced by Intel AI chief Hotard
Finnish telecommunications equipment giant Nokia announced on Monday that chief executive Pekka Lundmark would step down and be replaced by Justin Hotard, the head of AI and data centres at US chip-maker Intel.
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