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Visible goods import gulps $6.42bn in Q4 2012
Analysis of foreign exchange utilisation by sectors revealed that $6.42 billion or 62.8 percent was spent on the importation of visible goods into the country in the fourth quarter of…
Oil shockwaves from U.S. shale boom seen by IEA
The U.S. shale boom will send “shockwaves” through the global oil trade over the next five years, benefiting the nation’s refiners and displacing OPEC as the driver of supply growth, the…
Banks’ profits not sustainable –RegCharles boss
Recently, banks were churning out profits. How sustainable is this, given that they did so post-Soludo consolidation era?
The profit generated by Nigerian banks cannot be viewed as…
PZ Cussons Nigeria 9-month pre-tax rises 86%
PZ Cussons Nigeria, a unit of the UK-based soap and shampoo maker, said on Tuesday its nine-month pretax profit to February rose 85.8 percent to N3.91 billion, from N2.1 billion a year…
Lucky Fibres in affordability campaign to deepen buyer-interest
Lucky Fibres, makers of the premium Nobel Carpets, has embarked on affordability campaign aimed at deepening buyers interest by creating awareness about its product.
The campaign is also…