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
Read more
TOP STORIES
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
Read more
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
Read more
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
Read more
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
Read more
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
Read more
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
Read more
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
Read more
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
Read more
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
Read more