May 21, 2015/Bloomberg Nigerian consumer stocks are struggling through a “lost year” as a slump in oil prices buffets Africa’s largest economy, according to Renaissance Capital Ltd. Fuel shortages are making it harder to distribute goods as companies including Guinness Nigeria Plc, Nestle Nigeria Plc, and Unilever Nigeria Plc grapple […]

May 19, 2015/African Press Organisation The Global Network of Export-Import Banks and Development Finance Institutions (G-NEXID) concluded its 10th Annual General Meeting today at the Palais des Nations, Geneva, Switzerland with the election of Mr. Roberts U Orya, the MD/CEO of the Nigerian Export-Import Bank (NEXIM) as its new ‘Honorary […]

Tue May 19, 2015/Reuters Nigeria’s foreign exchange reserves rose marginally by 1.05 percent month-on-month to $29.80 billion by May 15 from $29.49 billion a month earlier, data from the central bank showed on Tuesday. The forex reserves of Africa’s biggest economy and top crude exporter have been on the decline […]