11Plc, formerly Mobil Oil, reports 37% profit drop
11Plc, one of the major oil marketing companies in Nigeria, saw its profit after tax plunge by 37 percent for
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Author: Markets Reporters
Low demand leaves 50 Nigerian oil cargoes unsold
Amid the low crude oil demand caused by the coronavirus-induced lockdowns across the world, about 50 unsold cargoes of Nigerian
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Nigeria can avoid economic recession, says CBN
The Monetary Policy Committee of the Central Bank of Nigeria has said the country can avoid an economic recession this
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CBN cuts interest rate to 12.5%, lowest in four years
The Monetary Policy Committee of the Central Bank of Nigeria has reduced the Monetary Policy Rate by 100 basis points
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Dangote Cement’s total debt hits N393bn
Dangote Cement Plc, Africa’s biggest cement producer, has increased its total debt to N393 billion following the recent completion of
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Buhari pushes ahead with Nigeria-Siemens electricity deal
Close to a year after the Nigerian government signed a deal with Siemens AG, President Muhammadu Buhari has approved the
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Nigeria set to unveil 200,000-capacity yam storage facility
The Federal Government has said it will inaugurate a 200,000-capacity yam storage facility for micro, small and medium enterprises in
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Ardova, formerly Forte Oil, posts 85% profit drop
Ardova Plc, formerly Forte Oil Plc, has reported an 85 percent decline in its profit after tax for the three
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We don’t want to jeopardise recent oil price rebound – OPEC
The Secretary General of the Organisation of Petroleum Exporting Countries, Dr Mohammad Barkindo, has said OPEC and its allies do
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Nigerian banks face asset quality, further devaluation threats – CSL
The current economic realities mean that Nigerian banks face asset quality and further devaluation threats, which may impact capital in
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