Tue May 31, 2016/Reuters By Alex Lawler OPEC’s oil output fell in May from near a record high, a Reuters survey found on Tuesday, as attacks on Nigeria’s oil industry and other outages outweighed increases in Iran and Gulf members. A rise in supply from Saudi Arabia plus Iran suggests […]
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Nigeria’s Q1 trade account turns negative as oil prices fall
31/5/2016/Reuters By Chijioke Ohuocha May 31 Nigeria’s trade account turned negative in the first quarter after exports fell by almost half, the national bureau of statistics said on Monday, as lower prices for crude oil slashed government revenues and caused the economy to contract. Nigeria, Africa’s biggest economy, faces its […]
Cadbury Says 2015 Profit Decline 46% to N1.15 Billion
By InvestAdvocate Lagos (INVESTADVOCATE)-Food and Beverage producer, Cadbury Nigeria Plc said on Tuesday its profit after tax (PAT) for the period ended December 31, 2015 declined 46 percent to N1.153 billion from N2.137 billion recorded a year ago. Similarly, pretax profit dropped 34 percent to N1.577 billion to N2.385 billion […]
