Category: Economy

African Subsidiaries’ contribution increases to 40% Pan African financial institution, United Bank for Africa (UBA) Plc has announced its unaudited third quarter financial results ended September 30, 2017, showing remarkable performance across key financial indicators. …

Nigeria’s government plans to accelerate its revenue strategy aimed at diversifying Africa’s biggest economy away from its reliance on crude oil sales now that it has emerged from recession, the finance minister said on Sunday. …

The Nigerian stocks climbed 1.3 per cent on Monday to hit a six-week high after its biggest listed firm Dangote Cement and some consumer goods companies gained. The main share index rose for the fourth …

Nigeria National Petroleum Corporation, NNPC, Group Managing Director, Dr Maikanti Baru has stated that the achievements of the state-owned oil company would not have been possible without the support of President Muhammadu Buhari. Baru who …

Nigeria’s central bank said on Tuesday it had injected $195 million into the interbank foreign exchange market, extending efforts to boost liquidity and alleviate dollar shortages. The bank said it had released $100 million earmarked …

In its continued quest for the wellbeing of Nigerians, Nestlé Nigeria has introduced a product, MILO energy food drink in a Ready-to-Drink (RTD) format to meet the nutrition needs of active children in a convenient …

The naira on Tuesday exchanged at N364 to the dollar at the parallel market as the Monetary Policy Committee (MPC) meeting of the CBN holds benchmark interest rate at 14 per cent. The News Agency …

Vice President Yemi Osinbajo will, on Tuesday, open the 3rd International Conference on Tax in Africa (ICTA), which holds in Abuja from 26 to 29 September. The ICTA, the flagship conference of the African Tax …

Nigeria records highest increases in clothing materials Annual inflation drops by 0.04 per cent The annual inflation in Nigeria slowed for a seventh month in August, easing to 16.01 per cent, the National Bureau of …

Nigeria has started the sale of a 100 billion naira ($326 million) debut sovereign sukuk on the local market to fund road infrastructure, the Debt Management Office said on Thursday. The seven-year Islamic bond which …