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Meyer Plc's Revenue Fell by 40% in 2023
Based on an analysis of Meyer Plc's most recent financial statement by BusinessDay, the company's earnings as one of Nigeria's largest paint manufacturers, fell by 40% last year. The company's af...
CBN Increases the Exchange Rate for Paying Customs Duties by 11.1%
Yesterday, the Central Bank of Nigeria (CBN) increased the exchange rate for paying customs duties at the nation's seaports by 11.1% following the crash in the value of naira against the dollar in the...
$824 Billion Resource-Backed Loans Slowing Africa’s Growth – Akinwumi Adesina
Mr Akinwumi Adesina, the president of the African Development Bank, stated yesterday that non-transparent resource-backed loans threaten Africa's economic prospects because they make debt resolution m...
British International Investment and Citi Invest $100 Million in SMEs
British International Investment, an impact investor and development finance institution based in the United Kingdom, has reported that it has entered into a risk-sharing agreement worth $100 million ...
NGX Lost N673 Billion in Mid-Week Trading Session
The Nigerian stock market finished the mid-week session yesterday with a bearish run, as its overall capitalization lost N673 billion.The NGX All-Share Index (ASI) lost 1,190.24 points, representing a...