Capital Market

South Africa’s Tiger Brands cuts off funds to Nigeria’s DFM

November 16, 2015/Reuters * Tiger Brands also reviewing investment in DFM * DFM shares drop 4.7 pct * Tiger Brands up more than 7 pct (Adds DFM shares, Dangote resigns from DFM board) South African consumer goods maker Tiger Brands has cut off funding to its Nigerian division as part […]

Nigeria’s GDP Grew to 2.84% in Q3 2015-NBS

By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s Gross Domestic Product (GDP) grew by 2.84 percent (year-on-year) in real terms, higher by 0.49 percent from growth recorded in the preceding quarter, yet lower by 3.38 percent from growth recorded in the corresponding quarter of 2014, the Nigerian Bureau of Statistics (NBS) said on Tuesday. […]

Nigeria finalises fourth-quarter gasoline allocations as fuel queues return

Tue Nov 17, 2015/by Julia Payne/Reuters Nigeria has issued its final allocations for subsidised gasoline imports for the fourth quarter at 1.41 million tonnes, traders and a senior source at the state-run fuel supply regulator said on Tuesday. ADVERTISING   ADVERTISING   The West African nation imports the bulk of […]