Economy - Page 1704

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

CBN Sells N197.3b Treasury Bills This Week

September 15, 2017

Modupe Gbadeyanka

By Modupe Gbadeyanka The Central Bank of Nigeria (CBN), this week, sold treasury bills via primary and secondary markets, totalling N197.28 billion viz: 84-day

Economy

NNPC, Denmark Plan Joint Investment in N800b Animal Feeds Sector

September 15, 2017

Modupe Gbadeyanka

By Modupe Gbadeyanka The Nigerian National Petroleum Corporation (NNPC) and a Danish firm, Unibio A/S Limited, have concluded plans to begin a Joint Venture

Economy

Stanbic IBTC Offers Scrip Dividends Option to Shareholders

September 15, 2017

Modupe Gbadeyanka

By Modupe Gbadeyanka Mid-tier lender in Nigeria, Stanbic IBTC Bank, has said it would offer scrip dividends to its shareholders in place of cash

Economy

Ikeja Hotel to File 2014, 2015, 2016 Financial Statements Next Week

September 15, 2017

Modupe Gbadeyanka

By Modupe Gbadeyanka The management of Ikeja Hotel Plc has promised to file its Audited Financial Statements for the years ended December 31, 2014;

Economy

NSE Posts N15.4b Turnover in 5 Days as Index Sheds 2.65%

September 15, 2017

Modupe Gbadeyanka

By Modupe Gbadeyanka The Nigerian Stock Exchange (NSE) All-Share Index and market capitalization depreciated by 2.65 percent and 2.63 percent during this week’s trading

Economy

FGN Bond Issuance Calendar for Q3

September 15, 2017

Modupe Gbadeyanka

By Modupe Gbadeyanka The Debt Management Office (DMO) has released the Federal Government of Nigeria (FGN) bond issuance calendar for the third quarter of

Economy

Investors Lose N226b, NSE Index Sheds 1.84% to Close Week in Red

September 15, 2017

Modupe Gbadeyanka

By Modupe Gbadeyanka Trading activities on the floor of the Nigerian Stock Exchange (NSE) closed 1.84 percent lower on Friday due to profit taking

Economy

Nigeria’s Inflation Drops to 16.01% in August

September 15, 2017

Modupe Gbadeyanka

By Modupe Gbadeyanka Data released on Friday morning by the National Bureau of Statistics (NBS) has revealed that inflation rate in the month August

Economy

Karmod Launches Campaign to Solve Nigeria’s Housing Deficit Challenge

September 15, 2017

Modupe Gbadeyanka

By Modupe Gbadeyanka A subsidiary of world’s number one prefabricated housing solution provider, Karmod, Karmod Nigeria, has launched a campaign to solve the housing

Economy

Nigeria’s Foreign Reserves Hit 31-Month High of $33b

September 15, 2017

Modupe Gbadeyanka

By Modupe Gbadeyanka External reserves of one of Africa’s biggest economies, Nigeria, have hit a 31-month high of $33 billion. This information was revealed

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