The publication from the NBS disclosed that capital imported into the Nigerian economy declined in the third quarter by 7.8%.
The Minister of Information and Culture, Alhaji Lai Mohammed reaffirmed the government’s plan to keep the border closed.
Earlier in the month, Governor of Abia State, Dr Okezie Ikpeazu took a major step towards actualising the vision of the Enyimba Economic City.
The NBS reported that Nigeria’s economy expanded by 2.28% y/y in Q3-2019 from 1.94%y/y in Q2-2019. The GDP growth in Q3 represents a 47bps increase.
FEC on Wednesday approved the issuance of a Sovereign Guarantee from the Credit Suisse AG London Branch and a syndicate of international lenders.
Fidelity Bank Plc continued its decent run in 2019, recording double-digit growth in gross earnings (+15.87%).
Dangote Cement 9M 2019 Revenue declined 0.7% y/y to N467.7 billion, coming below our FY 2019 forecast of N933.1 billion.
Brazil's Ambassador to Nigeria said Brazil has set aside N36 billion for the promotion of agribusiness finance in Nigeria.
Nigerian Breweries (NB) announced a 1.0% y/y decline in Net Revenue to N235.7 billion in 9M 2019 from N238.1 billion in 9M 2018.
Nigeria is Africa's largest crude oil exporter and ranks among the top ten exporters in the world.