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NGX Group, owner of Nigeria’s stock exchange, grew pre-tax profit 83% to about US$15.5 million in nine months, but most of the gain came before July. The post Nigerian Exchange Group Profit Jumps 83% appeared first on The Rio Times.
Nigeria expects its federal fiscal deficit to come in below target this year as higher revenue and lower borrowing costs ease pressure on the West African nation’s budget, Finance Minister Taiwo Oyedele said.
The announcement by industrialist Aliko Dangote, comes weeks after he laid the foundation stone for an oil refinery in Kenya's Lamu port.
President Bola Tinubu said on Monday 19 October that Nigeria will not bring back the fuel subsidy, as petrol sells near US$1.05 a litre before the vote. The post Nigeria Fuel Subsidy Will Not Return 19 Oct appeared first on The Rio Times.
Deutsche Bank AG is betting the Nigerian naira will strengthen against the US dollar as it adds the West African nation to its frontier foreign exchange monitor, a tool it uses to watch currencies in smaller, less liquid markets.
Finance Minister Taiwo Oyedele said Nigeria targets 7% growth, above the IMF's 4.3%, and called the fund's projections too conservative. The post Nigeria Growth Target Is 7%, Above IMF 4.3% appeared first on The Rio Times.
Nasarawa is at the heart of Nigeria’s lithium boom, where artisanal miners hope to benefit from the clean energy race.
Nigeria's annual inflation slowed to 14.63% in September from 15.39% in August, while core prices rose 1.11% in the month, official data show. The post Nigeria September Inflation Falls to 14.63% appeared first on The Rio Times.
Nigeria's inflation rate faces a critical test as September data looms, testing whether disinflation can survive food and fuel pressures. The post Nigeria Inflation Rate Tested as September Data Looms appeared first on The Rio Times.