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Economics FEATURED Latest TOP STORIES 

Nigeria’s finance minister says economy could shrink by 8.9%

May 22, 2020May 22, 2020 Markets Reporters 0 Comments Nigerian economy, recession, Zainab Ahmed

Nigeria’s economy could shrink as much as 8.9 percent in 2020 in a worst-case scenario without stimulus, the Minister of

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FEATURED Latest Technology TOP STORIES 

Subscribers sent two billion free text messages – MTN Nigeria

May 21, 2020May 23, 2020 Markets Reporters 0 Comments free text messages, MTN Nigeria

MTN Nigeria said on Thursday that more than two billion free text messages had been sent by over 40 million

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FEATURED Latest Stocks TOP STORIES 

Nigeria’s cement maker says it may increase price

May 21, 2020May 21, 2020 Markets Reporters 0 Comments BUA Cement, cement price

One of Nigeria’s biggest cement producers, BUA Cement Plc, has said it may raise the price of the commodity following

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FEATURED Latest Stocks TOP STORIES 

BUA Cement profit falls to N60.61bn

May 20, 2020May 21, 2020 Markets Reporters 0 Comments BUA Cement, Nigerian Stock Exchange

BUA Cement Plc has reported a profit after tax of N60.61 billion for the year ended December 31, 2019, compared

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Energy FEATURED Latest TOP STORIES 

Nigeria suffers second-biggest drop in oil rigs among peers

May 20, 2020May 20, 2020 Markets Reporters 0 Comments oil rigs, OPEC

Nigeria, Africa’s top oil producer, recorded the second-biggest decline in oil rigs in April among its peers in the Organisation

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FEATURED Latest Stocks TOP STORIES 

Lafarge Africa expects second-quarter sales to drop

May 19, 2020May 19, 2020 Markets Reporters 0 Comments Khaled El Dokani, Lafarge Africa

Lafarge Africa Plc will freeze capital expenditure this year, the Chief Executive Officer, Khaled El Dokani, said on Tuesday after

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Economics FEATURED Latest TOP STORIES 

Oil output cut will deepen Nigeria’s economic recession – Fitch

May 18, 2020May 18, 2020 Markets Reporters 0 Comments

Nigeria’s adherence to oil production cuts under the OPEC+ agreement will lead to deeper economic contraction and fiscal deficits and

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FEATURED Latest Money TOP STORIES 

New database, Debtors Africa, launched to expose defaulting debtors

May 18, 2020May 18, 2020 Markets Reporters 0 Comments Debtors Africa, Proshare

Debtors Africa, a searchable database of recalcitrant and delinquent debtors in Africa, has been launched, alongside a report on the

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Energy FEATURED Latest TOP STORIES 

Total abandons plan to acquire Ghana oil assets

May 18, 2020May 18, 2020 Markets Reporters 0 Comments Ghana assets, Occidental Petroleum, Total

Total has announced its decision to discontinue the acquisition of Occidental Petroleum’ assets in Ghana on the back of “extraordinary

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FEATURED Latest Stocks TOP STORIES 

Lafarge Africa profit grows by 157% in Q1

May 17, 2020May 17, 2020 Markets Reporters 0 Comments Khaled El Dokani, Lafarge Africa

Lafarge Africa Plc posted a 157 per cent increase in profit after tax in the three months ended March 31,

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