Wednesday, September 19, 2018

Tag "Bloomberg"

    From top five, NSE now among worst performers globally

From top five, NSE now among worst performers globally

The Nigerian Stock Exchange is now among some of the worst performing stocks globally.This is according to data compiled by Bloomberg.The bourse had been listed as one of the top five best-performing stocks globally at the end of 2017 by S&P Dow Jones Indices.At the end of 2017, the Nigerian Stock Exchange grew by 43%, a feat S&P Dow Jones [...]

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    MTN shakes off $1bn fine, anticipates profit

MTN shakes off $1bn fine, anticipates profit

MTN Group Limited says it is anticipating a profit in its 2017 financial statement, adding that it has recovered from a $1 billion fine it paid for its Nigerian unit.In a statement, the company which is Nigeria's largest telecommunications network, said the financial statement would cover 12 months for the period ended December 31, 2017.The company announced that it lost [...]

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    Nigerian crude customers double purchase of US shale

Nigerian crude customers double purchase of US shale

Some of the countries that purchase crude from Nigeria have doubled their purchase of shale, the US version of crude oil.According to an analysis by Bloomberg, US has exported more hydrocarbons in 2017 than any other time in history.On a closer look at the data made available, TheCable discovered that 12 of the countries which had increased their purchase of [...]

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    Backing refinery with his life, has no home outside Nigeria — 10 things we learnt from Dangote’s Bloomberg interview

Backing refinery with his life, has no home outside Nigeria — 10 things we learnt from Dangote’s Bloomberg interview

Aliko Dangote, Nigerian businessman and richest man in Africa, says his refinery which is under construction will be completed in the last quarter of 2017.In a recent interview with Bloomberg, the chief executive officer of Dangote Group shared his business ideals and the next step for his business empire.Here are 10 key topics he touched on.REFINERY IN 2017Dangote says his [...]

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    Trump narrows vice-presidential search to five candidates

Trump narrows vice-presidential search to five candidates

Republican presidential candidate Donald Trump on Wednesday said he had narrowed his search for a vice presidential running mate down to four or five unnamed establishment politicians, including one former rival who has not endorsed him, according to a Bloomberg interview."I’d like to save it, give it the old fashioned way, right?” Reuters quoted Trump as saying.The agency said Trump [...]

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    I built hundreds of primary schools, says Jonathan

I built hundreds of primary schools, says Jonathan

Former President Goodluck Jonathan says he is proud that his administration built hundreds of primary schools across the country even though it wasn't the primary responsibility of the federal government.Speaking on Monday at a session organised by Bloomberg in London, Jonathan said though establishment of primary and secondary schools, his administration built many of such schools.He said since he handed over [...]

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    Okonjo-Iweala: I’d consider freedom before another job

Okonjo-Iweala: I’d consider freedom before another job

One week after handing over, Ngozi Okonjo-Iweala, the immediate past minister of finance, has warned whoever would take over from her to brace up for challenges.Okonjo-Iweala advised the new government to entrust the economy into the hands of experts in order to weather the storm of plunging oil revenues.She said she has had many offers since she left office but [...]

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    Yahoo shuts down China office

Yahoo shuts down China office

US Internet company, Yahoo, is shutting down its office in China, with reports saying at least 200 to 300 people will be laid off.The company, which has been consolidating offices and trimming staff around the world, had about 12,500 workers worldwide at the end of 2014.The closure of the Beijing office, according to Bloomberg, contrasts with other Internet companies, which [...]

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    Investors ‘taking the Kenya route’ out of Nigeria

Investors ‘taking the Kenya route’ out of Nigeria

Worried by the stability of the Nigerian economy due to plunging oil prices and the forthcoming elections, investors are casting their eyes across the continent to Kenya. According to Bloomberg, Kenya’s local-currency securities have returned 0.4 percent in dollar terms this year, compared with an 8.3 percent loss on naira debt, while yields on Kenya’s 10-year Eurobonds, which were 128 basis points [...]

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Exchange Rates

September 18, 2018USDGBPEUR
INTERBANK360.45480.18420.32
LAGOS360485425
KANO361483423
PH362482423
ABUJA362481423
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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