By Yakubu LAAH InvestAdvocateLagos (INVESTADVOCATE)-Washington based private-equity firm, Emerging Capital Partners is set to divest its stake in Nigeria’s reinsurance company, Continental Reinsurance Plc. This is contained in a notice to the Nigerian Stock Exchange (NSE) by Continental Re and made available to InvestAdvocate in Lagos Nigeria.According to the notice, […]
Author: InvestAdvocate
Nigerian Inflation Rose 8.2 Percent Y-o-Y in June
By Peter OBIORA InvestAdvocateLagos (INVESTADVOCATE)-Nigerian inflation rose 8.2 percent (8.2%) Year-on-Year (Y-o-Y) in June 2014 for the fourth consecutive time as food prices climbed up. According to consumer price index (CPI) report June 2014 by the National Bureau of Statistics (NBS), the rate increased up by 0.2 percentage points from […]
Nigeria Economy to Grow 6.21 Percent in 2014-NBS
By Peter OBIORA InvestAdvocateLagos (INVESTADVOCATE)-National Bureau of Statistics (NBS) on Tuesday projected the Nigerian economy is likely to grow 6.21 percent according to forecast by the statistics office. NBS report said the 6.21 percent would be faster than growth last year, which was revised down to 5.5 percent last week. […]