Naira tumbles after brief rally as Nigeria dollar supply falls
The naira weakened Tuesday for a third straight day after a brief period of strength that saw it become the world's best-performing currency.
The currency...
Nigerian Breweries Plc announces job cuts, plant closures after loss
Nigerian Breweries Plc. (NB Plc.), the country's dominant brewer, has announced plans to cut jobs and close some of its plants following a staggering...
Edo Assembly finally removes Deputy Governor Phillip Shaibu
The Edo House of Assembly impeached the state deputy governor, Philip Shaibu, on Monday months after the politician fell out with Gov. Godwin Obaseki,...
TomTom maker Cadbury records big loss despite sales growth
Nigeria's Cadbury Plc, known for its Bournvita and TomTom sweets, suffered a big loss in 2023 despite a sales increase. The company reported a...
CBN expected to raise interest rate further as naira strengthens
The Central Bank of Nigeria will announce its latest interest rate decision today, a month after delivering a huge increase of 4 percentage points...