By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)- Johnson Chukwu, managing director (MD) of Cowry Asset Management Limited on Thursday said not only devaluation; but a cocktail of policies amongst others are some of the alternative options to solving Nigeria’s economic crises. Chukwu says these include exchange rate adjustment, creating windows of […]
Tag: Nigeria
BUA Says in Talks with Sinoma to Build $1.9 Billion Steel, Cement Plants-Reuters
By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s top tier conglomerate, BUA Group said on Thursday it’s in talks with China’s Sinoma to build a steel plant in Nigeria and two (2) cement plants in East Africa worth $1.9 billion, a Reuters reported quoted Abdulsamad Rabiu, chairman of the Group. According to the report, […]
Naira Trades 400 on Black Market against Dollar Sets New Record Low
By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian naira on Thursday traded at 400 against the dollar, according to a section of Bureau De Change Operators compared to 385 traded Wednesday’s session; thereby crashing by 15 naira to set a new record low. However, as at the time of filing in this report, […]
