Foreigners dump Nigerian stocks worth N123bn in H1
Foreign investors offloaded more Nigerian stocks in the first half of this year than they did in the same period
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Manufacturers want CBN to sweeten pill of rate hikes
Manufacturers are hopeful that the Central Bank of Nigeria will relax what they described as “stringent conditionalities” for accessing available
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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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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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