Wednesday 24 May, 2017
Edition: Nigeria
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Category Archives: Companies & Markets

April 3, 2017 Lagos – Official PC shipments to Nigeria fell 57.1% year on year in 2016 to total 156,511 units, according to the latest figures compiled by International Data Corporation (IDC). This means the market has now fallen to...

LAGOS, March  7 – Nigeria’s central bank aims to achieve a market-determined exchange rate regime, according to an official economic plan released on Tuesday, as pressure mounts to let the naira float freely. The government...

Canada’s main stock market in Toronto closed lower on Thursday, as a forthcoming interest rate hike in the United States saw the price of precious and base metals to falter. The Toronto Stock Exchange’s benchmark Standard...

The Nigerian naira gained 2.2 percent to 450 per dollar on the black market on Tuesday, a more than four-month high, a day after the central bank intervened by selling dollars on the interbank market, traders said. On Monday, the central...

Benin, Guinea and Niger will benefit significantly from the development support provided by the African Development Bank Group (AfDB) following the Board’s approval to open offices in the three countries in order to strengthen its operational...

Nigeria’s central bank held its benchmark interest rate at 14 percent for the third time in a row and signalled it will leave its currency exchange rate unchanged despite competition from the far cheaper black market. The economy...

With the Nigerian economy in a tailspin, the naira has taken a severe beating. The resultant bedlam of multiple exchange rates has crowded out manufacturers and legitimate businesses amid abuses and speculation. Two opposing...

South African fintech company, Entersekt, has expanded its worldwide operations and secured contracts with major banks across several continents. The company specialises in online authentication and mobile security solutions within the...

The Central Bank of Nigeria (CBN) has barred deposit money banks and all other financial institutions from the operation of any form of virtual currency. The warning by the apex bank yesterday was contained in a circular by the CBN Director...

Guinea Insurance Plc : * 9-months ended Sept 2016 profit before taxation of 54.6 million naira versus 65.6 million naira year ago  * 9-month net premium income of 466.4 million naira versus 633.3 million naira year ago     ...