Author Archives: Chief Oyibo

Fire guts Lagos Airport Hotel

A section of the Lagos Airport Hotel on Obafemi Awolowo Way, Ikeja, was gutted by fire on Monday, destroying no fewer than three halls, two rooms and other valuables worth millions of naira. It was learnt that the inferno resulted … read more

Nigerian naira tumbles 30% after peg removed

Nigeria’s naira slumped 30 percent against the dollar on Monday after the central bank removed its currency peg in an effort to alleviate the chronic foreign currency shortages choking growth in Africa’s biggest economy. The central bank sold $530 million … read more