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Daily Archives: August 8, 2019

Investors lose N125 billion in three trading days

Investors lose N125 billion in three trading days

Trading at the Nigerian Stock Exchange (NSE), sustained its bearish hold, as sell-off in most bluechip stocks persisted yesterday, causing investors’ wealth to plunge further by N125 billion in three trading days. Specifically, market capitalisation of listed equities, which opened ...

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African cargo traffic surges by 3.8% amid global slump

African air traffic soars by 11.7% amid global demand surge

African carriers have recorded a 3.8 per cent surge in freight demands amid a 4.8 per cent slump in global demand. The African region was the only one to report growth in June 2019 according to the International Air Transport ...

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AfDB offers AU $5m grant for AfCFTA implementation

AfDB offers AU $5m grant for AfCFTA implementation

The take off of the African Continental Free Trade Area (AfCFTA) got a notch better yesterday, when the African Development Bank (AfDB) Group, signed a $4.8 million institutional support grant to the African Union (AU) for its implementation. The grant, ...

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Nigeria defies cuts as OPEC output slumps to five-year low

Nigeria defies cuts as OPEC output slumps to five-year low

Organisation of the Petroleum Exporting Countries (OPEC), has pumped its fewest barrels in more than five years in July, aided by a huge production decline in its largest producer, Saudi Arabia, alongside wavering compliance by Iran, Nigeria, Libya, and Venezuela, ...

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