Following the murder of two Indians by persons suspected to be members of the dreaded Boko Haram sect, the Gum Arabic factory in Maiduguri has suspended operations indefinitely.
Economics & Market
There is no contradiction that Nigeria’s tough business environment is sparing Primary Mortgage Institutions (PMIs). Amid this fact, the quest to always become mortgage bank of choice continues to drive ASO Savings and Loans plc to see more opportunities in this segment of the financial market, which has reflected in its balance sheet.
Nigerian crude oil differentials stayed under intense pressure as an overhang of cargoes for loading in July kept values at a six-week low.
Naira eased further against the U.S. dollar on the interbank on Wednesday despite the central bank’s direct intervention to calm the market and an increase in supply of the greenback at its bi-weekly foreign exchange auction.
At the Nigerian Stock Exchange (NSE) yesterday, activities of the bulls dominated trading on equities causing the market to gain 0.28 percent.
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