More businesses will die in Nigeria, manufacturers warn
The inflation-induced increase in the monetary policy rate will lead to a further squeeze on businesses’ profits and heighten the
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Author: Markets Reporters
NCDMB lauds Caverton for growth in offshore support service
The Executive Secretary of the Nigerian Content Development and Monitoring Board, Simbi Wabote, has lauded Caverton Offshore Support Group on
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Red Star Express grows quarterly profit by 77%
Red Star Express Plc, a courier and package delivery company, has posted a profit after tax of N119.77 million for
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Blackout as Nigeria’s power grid suffers another collapse
Nigeria’s power grid suffered another system collapse on Sunday, the second time in just over two months, plunging homes into
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FG borrows more from CBN, now owes it N19tn
Despite growing concerns about its repeated recourse to central bank financing, the Federal Government borrowed N1.55 trillion from the Central
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Dollar scarcity deepens as Nigeria’s forex reserves hit seven-month low
The shortage of dollars in Africa’s biggest economy is worsening as its foreign exchange reserves have dropped to a seven-month
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Airtel Africa signs deals for tower sales in Chad, Gabon
Airtel Africa, a provider of telecommunications and mobile money services, has entered into memorandum of understanding agreements for the potential
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ExxonMobil agrees to sell more Nigerian assets to Seplat for $1.3bn
United States-based ExxonMobil announced on Friday that it had reached an agreement to sell its equity interest in Mobil Producing
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Nigeria needs to reduce debt sustainability risks, says IMF
The International Monetary Fund has said there is an urgent need for fiscal consolidation to create policy space and reduce
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Firms to build new sugar processing plant in Nigeria
Ellah Lakes Plc has announced a collaboration agreement with Montserrado Investment Ltd to build a sugar processing plant in Nigeria,
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