Month: August 2019
The U.S. dollar is too strong and is hurting exports, President Donald Trump said on Thursday, attacking the Federal Reserve for keeping interest rates higher than he would like. “As your President, one would think ...
The Naira on Thursday was sold at N359.3 to the dollar at the parallel market in Lagos. The Pound Sterling and the Euro closed at N450 and N396, respectively. At the Bureau De Change (BDC) ...
MTN Group Ltd says it has raised 2.1 billion rand (140.24 million dollars) from asset sales in the first half of this year as part of a divestment plan to simplify its portfolio. The Group ...
Africa’s largest bank by assets, Standard Bank, said on Thursday it could consider expansion into new markets, possibly via acquisitions, as its strategy to focus its resources on the continent had paid off. While presenting ...
China Mobile, China’s leading telecom services provider, on Thursday reported a decrease in profit in the first half of 2019. Profit attributable to equity shareholders dropped by 14.6 per cent year on year to 56.1 ...
British Airways said Wednesday it had resolved the technical problems with it’s check-in system that led to the cancellation of more than 100 flights at two major London airports. The glitch could cost the airline ...
The Fidelity Bank Plc says it has disbursed over N2.6 billion to customers as reward for their loyalty in the last four years. Richard Madiebo, Head, Divisional Retail Banking of Fidelity Bank, made the disclosure ...
The escalation of the trade war between China and the U.S. has badly affected the yuan exchange rate, Wang Chunying, spokewoman for China’s State Administration of Foreign Exchange said on Wednesday. Wang said in an interview ...
The free fall of equities continued on the Nigerian Stock Exchange (NSE) on Wednesday with the All-Share Index dropping further by 0.42 per cent, amid losses in 17 stocks. Consequently, the index shed 115.27 points ...
Fidelity Bank Plc says it has disbursed N9.6 billion to Micro- Small and Medium Enterprises (MSMEs) from the Development Bank of Nigeria (DBN) fund being disbursed by participating deposit money banks. Mr Nnamdi Okonkwo, the ...
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