Business & Economy Archives - Page 32 of 34

Mohammed Indimi, a name whispered with respect in Nigeria’s oil circles, is a true rags-to-riches story. From trading hides and skins as a young boy, he rose to become the founder of Oriental Energy Resources, a powerhouse in Nigeria’s oil industry. This article delves into the fascinating journey of this self-made billionaire, exploring his business…

NAIRA SURGES! Dollar Sellers Scramble as Naira Gains Momentum

Editorial TeamDecember 7, 2024December 7, 202405 mins

The Nigerian Naira has witnessed a dramatic surge against the dollar, leaving dollar sellers in a frenzy as they struggle to offload their holdings. This remarkable turnaround comes on the heels of the Central Bank of Nigeria’s (CBN) introduction of the Enhanced Foreign Exchange Market System (EFEMS). The new system has injected much-needed transparency and…