Transnational Corp. of Nigeria Plc, which invests in hotels, agriculture and energy, fell the most in more than a month after profit for 2012 retreated 58 percent. The stock declined for a second day, losing 7 percent to 1.20 naira by 2:20 p.m. in Lagos, Nigeria’s commercial capital, the biggest […]
Tag: Nigeria
Nigeria’s Poverty Should Be Lower Given Growth, IMF Says
Nigeria’s poverty rate should be falling faster given its economic growth this decade, an official of the International Monetary Fund said. The share of citizens in Africa’s most populous country of more than 160 million who are considered poor fell to 62.6 percent in 2010 from 64.2 percent in 2004, […]
MPC May Maintain Tight Monetary Stance on Crude Oil Volatility
There are strong indications that the Central Bank of Nigeria’s (CBN’s) Monetary Policy Committee (MPC), which commences its 232nd meeting today will leave all its monetary policy tools unchanged at the end of the two-day meeting. This, according to findings by THISDAY, would be based on the continued volatility in […]
