Firms 2016 Capital Expenditure down 25 % on recession

by | June 26, 2017 5:56 am



Capital expenditure by Nigeria’s largest firm’s fell 25 percent in 2016 as a raging recession and slumping company profits led businesses to hold tight on spending amid rising inflation and falling demand. Investment in property plants and equipment by the 30 largest listed firms on the Nigerian Stock Exchange (NSE), or the NSE – 30…

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