Weekly Nigerian market performance (May 3, 2024)
This week offered a dynamic picture for Nigerian investors, with contrasting performances across equities, fixed-income, and currency markets. Here's a closer look at the...
Dangote says devaluation of naira “biggest mess” of 2023
Nigerian billionaire Aliko Dangote has blamed the Nigerian government's devaluation of the naira for his company's woes in 2023, calling it the “biggest mess”...
Nigerian govt confirms easing diesel rule for Dangote refinery
The Nigerian government has admitted the Dangote refinery is allowed to produce diesel with a higher sulphur content than importers are allowed to, but...
Naira tumbles after brief rally as Nigeria dollar supply falls
The naira weakened Tuesday for a third straight day after a brief period of strength that saw it become the world's best-performing currency.
The currency...
Nigerian Breweries Plc announces job cuts, plant closures after loss
Nigerian Breweries Plc. (NB Plc.), the country's dominant brewer, has announced plans to cut jobs and close some of its plants following a staggering...