The country’s external reserves have been depleted by $1bn in the last five weeks, latest statistics from the Central Bank of Nigeria have showed. This follows...
The consumer price index (CPI), which is used to gauge inflation in the country may increase further year-on-year to 17.71 per cent in August 2016, from...
Conoil Plc on Thursday reported a growth of 176 percent in profit and announced a 200 percent rise in dividend for the year ended December 31,...
Owing to appreciation in the share prices of 23 firms, the Nigerian Stock Exchange market capitalisation rose by N17bn at the close of trading on the...
The presidency on Thursday said it had approved an external borrowing plan after the cash-strapped African economy plunged into official recession. “Low cost, long-term loans (1.25%...
Nigerian Stock Market Loses N70bn in a Day The Nigerian Stock Exchange declined by N70bn on Tuesday as stocks of 29 companies closed in the red,...
Banking stocks suffered the most among 25 top losers in the equities’ market as share price decline left investors with a net capital loss of N372...
The Federal Mortgage Bank of Nigeria said it made a total income of N5.8bn in the first half of 2016. It also stated that it recorded...
The Central Bank of Nigeria borrowed N212.85bn ($654.92m) in an auction of Treasury bills on Wednesday, with yields little changed from previous sales, data from the...
The Nigerian Stock Exchange’s market capitalisation recorded a growth of N282bn at the close of trading on Thursday, one day into the country’s economic recession. A...
