Nigeria suffers 60% drop in 2020 foreign capital inflow
Foreign capital flow into Nigeria tumbled by almost 60 percent in 2020 to $9.68bn, its lowest level in four years,
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Author: Markets Reporters
Greif sells assets in Nigeria, says no plan to revive operations
Greif Nigeria Plc has announced the sale of its property, plant and equipment, saying it does not have any immediate
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Presco reports 83% rise in profit, revenue hits N23.90bn
Presco Plc saw its profit after tax rise by 83.25 percent in 2020 to N7.03 billion from N3.84 billion a
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Shell posts $21.68bn loss as pandemic hammers oil demand
Royal Dutch Shell has reported a loss of $21.68 billion for the year 2020 as COVID-19 hammered oil demand, compared
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Naira weakens at I&E window as forex reserves shed $323m
The naira fell by 0.13 per cent on Wednesday to close at 395.50 against the dollar at the Investors’ and
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Alleged $213m fraud: Judge issues arrest warrant for ExxonMobil Nigeria MD
A Nigerian judge has issued an arrest warrant for the Managing Director of ExxonMobil Nigeria, Mr Richard Laing, for failing
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Royal Exchange returns to profitability after N1.3bn loss
Royal Exchange Plc has returned to profitability as it posted a profit before tax of N232.56 million in 2020, compared
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S&P Global affirms AfDB’s AAA rating with stable outlook
A ratings agency, S&P Global Ratings, has affirmed its “AAA/A-1+” foreign currency issuer credit rating of the African Development Bank
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Conoil’s annual profit falls 24% to N2.15bn
Conoil Plc has reported a profit before tax of N2.15 billion for the 2020 financial year, down by 24 percent
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Ex-MTN Nigeria CEO joins Unilever board
A former Chief Executive Officer of MTN Nigeria, Mr Michael Ikpoki, has been appointed as an independent non-executive director of
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