Saturday, August 1, 2026
Analysts attribute slower pace of manufacturing PMI on slowed growth in new orders, WIP inventory
The Manufacturing PMI in the month of May grew at a slower rate compared to the index in the previous...
Read moreDetailsMigration plays key role in structural transformation, development of Africa’s economy, report shows
African migration could boost growth and positively transform the structure of the continent’s economy, according to UNCTAD’s 2018 Economic Development...
Read moreDetailsNigeria grows tax revenue by 51% in 2017 on aggressive policies, VP says
Yemi Osinbajo, Nigeria's vice president, said Thursday that the federal government's tax revenue increased to 51 percent year-on-year in 2017...
Read moreDetailsBarclays Africa plans listing on the Nigerian Stock Exchange in July
Barclays AfricaBarclays Africa plans to join the Nigerian Stock Exchange in July and is exploring opportunities in three other African...
Read moreDetailsNigerian stocks lose steam as year-to-date gain moves to negative region on currency, country risks
Nigerian stocks continued their downtrend Thursday, recording negative year-to-date (YTD) gain as currency and country risks influenced investors to move...
Read moreDetailsNigeria’s Forcados outages register in OPEC’s May production as cartel’s output hits 13-month low
A force majeure on Bonny Light crude exports by Shell in Nigeria, as well as delays in crude loading at...
Read moreDetailsAnalysts foresee rise in oil prices but not up to $100
Oil prices will rise in the coming months but they will not hit the psychological $100 dollar mark, analysts predicted,...
Read moreDetailsNigeria to launch two modular refineries on stream in 2019, eight more thereafter, says petroleum minister
Ibe Kachikwu, Nigeria's minister of state for petroleum resources, has opened up on the progress of modular refineries in the...
Read moreDetailsNigeria Eko DisCo’s director urges MAN to engage power firms, not government, to resolve N29bn tariff dispute
Manufacturers Association of Nigeria has been urged to engage the electricity distribution companies for effective resolution of its N29 billion...
Read moreDetailsRising US treasury yields heighten pressure on Nigeria’s financial markets
Increasing yields on treasuries in the United States are casting a dark shadow on Nigeria's financial market as foreign portfolio...
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