GlaxoSmithKline Nigeria Plc’s Revenue Declined by 33.76%
February 01, 2024

GlaxoSmithKline Nigeria Plc’s Revenue Declined by 33.76%

According to GlaxoSmithKline Nigeria Plc's recently released financial statement for 2023, the company's profit dropped by 33.76% to N510.80 million in 2023 from N771.15 million in the previous financial year.The company announced this in a notice filed with the Nigerian Exchange Limited on Tuesday ...

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Naira Ranks as Best Performing Currency as It Continues to Appreciate - Goldman Sachs
April 15, 2024

Naira Ranks as Best Performing Currency as It Continues to Appreciate - Goldman Sachs

It was reported on Sunday that the country's local currency (naira) increased against the US dollar, breaking through key resistance levels to trade below N1,000 in certain black market segments.This performance corresponds with increased geopolitical tensions worldwide and aligns with Goldman Sachs's previous projections."The Naira's current bullish momentum is projected to persist, potentially p...

World Bank Recent Report Shows That Nigeria Fiscal Balance Is Improving
April 15, 2024

World Bank Recent Report Shows That Nigeria Fiscal Balance Is Improving

According to the World Bank, the continuous efforts at fiscal consolidation in Nigeria and other Sub-Saharan African countries are mainly responsible for improving fiscal balances.In its most recent Africa's Pulse report, the WB noted this and emphasised that while fiscal balances are improving, they are progressing slowly.According to a review of Nigeria by Premium Times, the World Bank stated: "...

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