Nigeria’s economy faces stagflation, says FDC
Nigeria, Africa’s biggest economy, is facing the prospect of stagflation, the Financial Derivatives Company has said, as inflation rate rose
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Internet subscribers in Nigeria rise by 16.9 million in one year
The number of active internet subscribers in Nigeria increased by 16.85 million in one year, according to the Nigerian Communications
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Stock investors gain N700bn as Nigerian bourse rises
Stock investors recorded a gain of N700 billion this week as the Nigerian Stock Exchange All-Share Index rose by 5.59
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Real estate firm, UPDC, posts N2.65bn quarterly loss
UAC Property Development Company Plc, a Nigerian real estate firm, more than doubled its loss for the three months ended
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Nigeria’s $1.5bn loan decision expected in July – World Bank
The World Bank expects to make a decision in late July on a $1.5 billion loan to support Nigeria as
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Dangote Cement’s quarterly profit grows to N104.76bn
Dangote Cement Plc posted a profit after tax of N104.76 billion for the three months ended March 31, 2020, compared
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MTN Nigeria plans to issue N50bn commercial paper
MTN Nigeria Communications Plc has said it plans to issue commercial paper of up to N50 billion. The telecommunications company
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Nigerian stocks extend gains, market cap rises above N13tn
The Nigerian stock market finished higher on Friday, extending its gaining streak to five days. The All Share Index of
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UK court dismisses Nigeria’s $1bn bribery case against Shell, Eni
An English court threw out a $1.1 billion case the Nigerian government had brought against Royal Dutch Shell and Eni
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Inflation rate hits two-year high in Nigeria
Nigeria’s inflation rate rose by 12.34 percent year-on-year in April from 12.26 percent in the previous month, the National Bureau
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