Economy - Page 1375

Panic as Nigerian Government Resumes Clampdown on Street FX Traders

May 7, 2024

By Dipo Olowookere There is palpable fear in the black market segment of the currency market in Lagos as security officials have resumed clampdown

Economy

European Equities Stumble on Disappointing Inflation Figures

October 17, 2018

Dipo Olowookere

By Investors Hub European stocks have moved mostly lower on Wednesday, although U.K. stocks rose slightly amid weakness in the pound after both headline

Economy

Lafarge Posts 1,205% Loss in Q3 as Cost of Sales Rises by 7.5%

October 17, 2018

Modupe Gbadeyanka

By Modupe Gbadeyanka The management of Lafarge Africa Plc has released the financial results of the cement company for the period ended September 30,

Economy

NSE Year-to-Date Loss Drops to 14.44% after 0.95% Rise

October 17, 2018

Modupe Gbadeyanka

By Modupe Gbadeyanka Life was returned to the Nigerian Stock Exchange (NSE) on Tuesday as a result of the 0.95 percent rise recorded by

Economy

Cost of Funds Drop on Absence of Significant Inflows

October 17, 2018

Modupe Gbadeyanka

By Modupe Gbadeyanka The cost of funds declined on Tuesday as there were no significant inflows into the system, Business Post is reporting. At

Economy

Oyo Partners Dangote for Massive Rice Production

October 16, 2018

Dipo Olowookere

By Dipo Olowookere Governor of Oyo State, Mr Abiola Ajimobi, has disclosed that a partnership was been entered into with Dangote Group for the

Economy

Nigeria Exports 43% of Total Gas Produced as Reserves Hit 202TCF

October 16, 2018

Dipo Olowookere

By Dipo Olowookere Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr Maikanti Baru, has disclosed that the nation’s current proven gas

Economy

Lafarge Board Holds Emergency Board Meeting Today

October 16, 2018

Dipo Olowookere

By Dipo Olowookere The board of directors of Lafarge Africa Plc has announced an emergency meeting slated for Tuesday, October 16, 2018 (today). A

Economy

AFC Obtains $300m Loan from Export-Import Bank of China

October 16, 2018

Dipo Olowookere

By Dipo Olowookere A loan facility worth $300 million has been secured by the Africa Finance Corporation (AFC) from the Export-Import Bank of China

Economy

Nigeria’s Inflation Rises to 11.28% in September

October 16, 2018

Dipo Olowookere

By Dipo Olowookere The National Bureau of Statistics (NBS) on Tuesday released the inflation rate in Nigeria for the month of September 2018. According