Dangote Cement’s profit rises 38%, revenue hits N1.03trn
Dangote Cement Plc, Africa’s largest cement producer, saw its profit after tax for the 2020 financial year rise by 37.7
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Afreximbank to raise $1bn for Port Harcourt refinery rehabilitation – NNPC
The Group Managing Director of the Nigerian National Petroleum Corporation, Mallam Mele Kyari, has said the African Export-Import Bank has
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Naira weakens further to 486/$1 at parallel market
The Nigerian currency extended its decline against the dollar on Monday at the parallel market. The naira fell to 486
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Foreign investors dump Nigerian stocks worth N39bn in Feb
Foreign investors offloaded Nigerian stocks worth N39.05 billion in February, compared with N30.79 billion withdrawn in the previous month. Total
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GTBank unveils plan to acquire Kenyan lender
Guaranty Trust Bank Plc, Nigeria’s biggest lender by market value, has said it plans to acquire a Kenyan lender as
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Nigeria plans to resume international flights at three more airports
The Minister of Aviation, Senator Hadi Sirika, has said plans are underway to resume international flight operations at the Mallam
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Nigeria’s finance minister confirms another naira devaluation
The Federal Government of Nigeria has adopted a new flexible exchange-rate policy for official transactions in a move that effectively
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International Breweries posts N12.37bn annual loss
International Breweries Plc has reported a loss of N12.37 billion for the 2020 financial year, compared with N27.79 billion in
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Pressures on naira likely to persist, says FDC
Pressures on the naira at the parallel market as well as the investors’ and exporters’ window are likely to persist
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CBN MPC: Analysts see no scope for monetary policy easing
As the Monetary Policy Committee of the Central Bank of Nigeria begins its two-day meeting today, analysts at Capital Economics
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