US Stocks Capsize, Worst in 2019
US Wall Street’s major indexes tumbled on Monday, with the benchmark S&P 500 dropping about 3%, as a fall in the yuan following U.S. Pre...
Showing posts with label Economy. Show all posts
Showing posts with label Economy. Show all posts
2019 Nigerian budget inflation benchmark of 9.98% may be unattainable
As the National Bureau of Statistics (NBS) releases its December 2018 inflation figures this week, leading research firms in the country, FS...
Too bad for Nigerian economy to become the world's second largest rice importer in 2019 - US agency
Bags of Rice Nigeria will emerge the world’s second-largest rice importer after China with a projected 13% jump next year to 3.4 million met...
NBS Latest Report Says Nigeria Economy Grew By 1.95% In Q1 2018
Nigeria’s Gross Domestic Product grew by 1.95 per cent year-on-year in real terms in the first three months of this year. The National Bu...
California - Now World's 5th Largest Economy, Surpassing UK
SACRAMENTO, Calif. — California's economy has surpassed that of the United Kingdom to become the world's fifth largest, according t...
FG targets N5tn from non-oil export
The Federal Government through the Nigerian Export Promotion Council plans to grow the country’s non-oil export revenue from N1.5tn per annu...
AfDB cancels $400m loan to Nigeria
The African Development Bank has called off a loan to Nigeria that would have helped fund the country’s budget, the Vice-President for Power...
Naira trades flat at 363/dollar
The naira is expected to remain stable across its multiple exchange rates as the currency hit a resistance level for investors and the Centr...
FG, Dangote, others sign $1.1bn pact for 540MW plant
The Federal Government and the developers of the 540-megawatts Qua Iboe Power Plant signed a Power Purchase Agreement for the development of...
Don’t anticipate commodity shake-up next year, World Bank tells Nigeria
The World Bank says the big drop in export commodity prices that led to significant economic shocks last year in commodity exporting countri...
ExxonMobil’s Q3 earnings rise to $4 bn
Higher oil prices significantly boosted ExxonMobil’s third-quarter earnings, more than offsetting the hit to operations from US hurricanes, ...
Zenith Bank’s Total Assests Hit N5.1trn
Zenith Bank’s total assets increased to N5.1trillon from N4.7trillion as at September 30, 2017. With about 40 per cent increase in gross ear...
CRR: Zenith, First Bank, GTB, 4 Others Raise N2.14trn In 6 Months
With the Cash Reserve Ratio at 22.5 per cent, a total of seven Deposit Money Banks (DMBs) deposited N2.14 trillion with the Central Bank of ...
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