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Naira slips as reserves fall

By Agency Reporter The naira weakened further against the United States dollar on the interbank market on Wednesday as strong demand for the greenback persisted in the face of static supply, traders said. The naira closed at N153.80 to the dollar against N153.54 on the previous day as the Central […]

M&B assures shareholders of dividends with N3bn investment

By Udeme Ekwere May and Baker Nigeria Plc has assured its shareholders of good dividends at the end of the next financial year. This, according to the new management of the company, is largely as a result of its various investments, including the N3bn investment in a new plant in […]

Oil jumps above $102 per barrel

  By CHRIS KAHN, AP Energy Writer NEW YORK – Oil prices settled above $102 per barrel for the first time since September of 2008 as fighting escalated in Libya and petroleum demand grew in the U.S. Libya, a major oil exporter to Europe, has been embroiled in an uprising […]