Author: InvestAdvocate

NAHCO Needs N5bn Bond to Fund Transformation

The Managing Director of the Nigerian Aviation Handling Company Plc (nahco aviance), Mr. Kayode Ojo, has explained that the company went to raise N5 billion bond to finance its transformation programmes. These entailed expansion and modernisation of its warehouse, acquisition of state of the art equipment, expansion of services to […]

Ghana latest in Africa to cut fuel subsidies

Ghana has cut fuel subsidies following an increase in crude oil prices and the depreciation of the Ghana cedi currency, the head of Ghana’s National Petroleum Authority (NPA) said in a statement on Thursday.  Ghana, which joined the club of oil producers in West Africa last year, has come under […]

Nigerian naira dips; fall offset by NNPC dollar sales

The Nigerian naira closed marginally lower on Thursday, inching down in late trade as importers bought dollars to meet year-end obligations.  The local currency closed at 163.10 to the dollar compared to 163.05 on Wednesday, traders said.  “We still have some demand from companies trying to balance their dollar accounts […]