Nigeria’s naira eased against the U.S. dollar on the interbank market on Wednesday as importers started to lock-in their hard currency needs at favourable rates. The local currency closed at 160.35 to the dollar compared with Tuesday’s close of 159.8 naira. Traders said some importers took advantage of the increased […]
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Multiverse promises dividend payment
The management of Multiverse Plc has given an assurance to its shareholders that they will be paid dividends in the coming years as investments made by the firm begin to make targeted returns. A statement on Tuesday quoted the Managing Director, Multiverse Plc, Mr. AyedunFasina, as saying this during the […]
Nissan, Stallion sign Nigeria assembly deal
The Renault-Nissan Alliance and West African conglomerate Stallion Group have signed a preliminary agreement to start vehicle assembly in Nigeria and potentially create a major Nissan manufacturing hub for Africa. The memorandum of understanding would see Stallion, which is Nissan’s exclusive distributor in the country, increase capacity at its existing […]
