Guinness Q2’15 Profits Takes A Dive, Down 66%
Guinness Nigeria released its financial results for the period ended 31 December, 2015. The result showed that revenue declined by 10% from N55.2 billion in Q2’14 to N49.8 billion in…
Here Are The Reasons Why We Will Achieve 2016 Budget – Udoma
Senator Udo UdomaPicture Source: Reuters Minister of Budget and Planning, Senator Udo Udoma, on Sunday said that ongoing reform targeted at diversifying the revenue base of the country would guarantee…
Nigeria’s Crude Exports Sets For Increase In March
According to export schedules, Nigeria is expected to witness a rise in oil exports in the month of March. This is because of the reopening of Shell’s Trans Niger Pipeline…
Why Another Petrol Scarcity Looms
The persistent depreciation of the naira against major currencies especially the United States dollar may create another round of petrol scarcity, according to oil marketers interviewed by Punch. The marketers…
Angola Joins Nigeria In Seeking For World Bank Loan
Reports from Reuters reveal that Angola has also held talks with the World Bank about obtaining a loan to help get through the economic crisis it is facing as a…
FG Domestic Debt Servicing Hits N3tr in 5 years
The Debt Management Office (DMO,) has announced that the Federal Government spent N2.95 trillion to service domestic debts for a period of 5 years (2010-2014) according to a report obtained…
This Investor From Poland Will Boost Energy In The Niger Delta
Talks are on between the Niger Delta Development Commission (NDDC) and an engineering company from Poland, Em-Bud Studio 2000 on how both will partner towards the development of the Niger…
Analysis: Guinness Poor Results Is Due To Declining Sales Of Orijin
Guinness Nigeria Plc (Guinness) released its unaudited financial results for 6 months ended 31st December 2015 reporting a revenue drop of 9.8% YoY to N49.8 billion while pretax profits and…
Is Germany Paying African Nations To Take Back Rejected Refugees?
As Der Freitag reports (via Google Translate), if the German authorities do not get rid of a refugee, you can just change his nationality. African embassies are paid for their…
Global Trade Collapsed In January: Bellwether South Korea Exports Crash “Most Since Lehman”
As the first major exporting nation to report each month, all eyes and hopeful speculative capital was glued to tonight’s South Korean trade data. After a brief respite in November,…