By InvestAdvocate Lagos (INVESTADVOCATE)-Nigerian stocks on Tuesday opened the fourth quarter (Q4) of 2016 on a bearish note following a one-day public with the benchmark index falling by 0.20 percent to close at 28,277.93 points. “Today’s performance increased the Year-to-Date loss to 1.27 percent, according to Cordros daily market update. […]
Updates
Nigeria central bank prioritises price stability, luring investors for growth
3/10/2016/Reuters Nigeria’s central bank will pursue price stability as an anchor for economic growth and attract foreign investors as the country battles recession and rising inflation, its governor said in a magazine interview. In September the bank left its benchmark rate at 14 percent, resisting calls from the finance minister […]
General Electric to invest $150 million in Nigeria
3/10/2016/Reuters By Ulf Laessing | LONDON U.S. industrial firm General Electric (GE.N) plans to invest around $150 million in Nigeria by 2017, a senior executive said on Monday. “There are development projects where we are investing,” Jay Ireland, chief executive of General Electric in Africa told the FT Africa Summit […]
