By Obinna Chima with agency report Governor of the Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi, yesterday said that the naira could be allowed to devalue if oil prices and foreign exchange reserves continue to fall and monetary intervention attempts are exhausted. Reuters quoted Sanusi as making these […]

By Obinna Chima Unless the move by the Central Bank of Nigeria (CBN) to reduce the dominance of cash in the system is embraced, the cost of managing cash in the Nigerian economy may increase to N192 billion by 2012. Deputy Director, Currency Operations, CBN, Mr. Albert Ikmseedun, made this […]

By NED POTTER, COLLEEN CURRY and MICHAEL S. JAMES Steve Jobs the mastermind behind Apple‘s iPhone, iPad, iPod, iMac and iTunes, has died, Apple said. Jobs was 56. Jobs died “peacefully” surrounded by family members, his family said in a statement. Neither Jobs’ family nor Apple revealed where Jobs died […]