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Tinubu, Modi strengthen plans to actualise $14bn investment in …
21 hours ago · Anthony Ailemen. November 17, 2024. …As Tinubu, Modi, hold talks in Abuja. Nigeria and India, on Sunday, reaffirmed their commitment to a robust strategic partnership, pledging to strengthen ties in key areas, including economic development, defence, healthcare and food security, to actualise $14 billion investment in Nigeria by indian investors.
Nigeria oil deals no match for smaller African countries’
4 days ago · November 14, 2024. Nigeria is struggling with declining oil production and a complex regulatory environment while smaller African nations sweeten their own deals, lowering operational costs to keep overseas companies’ oil and gas output flowing. From Angola to Congo, governments are adjusting terms to lure picky investors who are increasingly ...
BD Currency Update | Latest FX update
Nigerians expect lower inflation but hold back on big-ticket purchases. The Consumer Expectations Survey by the Central Bank of Nigeria (CBN) reveals an optimistic outlook among Nigerian consumers on... Naira hits record low of N1,689.88 as FX turnover drops. Naira hit an all-time low of N1,689.88 per dollar on Tuesday in the official FX market ...
Nigeria’s business activity drops to 8-months low on cost pressures
Aug 11, 2024 · Nigeria’s business activity drops to 8-months low on cost pressures. Eniola Olatunji. August 11, 2024. Business activity in Nigeria fell to eight month low in July, as steep price pressures hit demand and resulted in renewed reductions in both business activity and new orders, a new Purchasing Managers’ Index (PMI) has shown.
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Aradel to pay N34.8 billion interim dividend less than a month after listing. In nine months in 2024, Aradel Holdings posted a net profit of N110.6 billion, marking a 477 percent year-on-year growth, from the N19.2 billion recorded in the corresponding period in 2023.
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About BusinessDay Nigeria. BusinessDay is the premier provider of business and financial intelligence and insight in West Africa and a two-time winner of the Diageo Africa business newspaper of the year award in 2010. It is 100 per cent owned by BusinessDay Media Limited, an independent media company incorporated in Lagos.
Nigerian Breweries’ loss widens to N149.5bn on FX crisis
4 days ago · Nigerian Breweries, one of the largest brewing companies in Nigeria, has recorded an after-tax loss which deepened to N149.5 billion driven by Naira devaluation as a result of FX exposure, BusinessDay analysis shows. The company’s after tax loss stood at N149.5 billion in the nine months of 2024 from N57.2 billion in the similar period of 2024.
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Aradel to pay N34.8 billion interim dividend less than a month after listing. In nine months in 2024, Aradel Holdings posted a net profit of N110.6 billion, marking a 477 percent year-on-year growth, from the N19.2 billion recorded in the corresponding period in 2023.