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Nov
November 28, 2022
Nestle loses N199 billion to top weekly losers – Nairametrics |
| Nestle Nigeria Plc, one of the major fast consumer moving goods companies quoted on the Nigerian Exchange Group Plc (NGX), recorded a loss of about N199.036 billion at the end of last week to top the losers’ chart of the following sustained sell pressure witnessed on the stock..……..Read More |
Fastest growing sectors in the Nigerian economy as of Q3 2022 – Nairametrics |
| Nigeria’s transportation and financial sectors led the list of the fastest-growing sectors in the third quarter of 2022, printing real growths of 41.59% and 12.7%, respectively. This is contained in the Q3 2022 Gross Domestic Product (GDP) report released by the National Bureau of Statistics (NBS).……….Read More |
Insurance sector records 28% Q3 growth — NBS – Punch |
| Insurance sector recorded 28.26 per cent growth in the third quarter of 2022, according to figures obtained from the National Bureau of Statistics.The NBS stated in its ‘Nigerian Gross Domestic Product report Q3, 2022’, that the finance and insurance sector consisted of the two subsectors.It added that the financial institutions and insurance accounted for 89.99 per cent and 10.01 per cent of the sector respectively in real terms in Q3, 2022………….Read More |
How CBN Can Sustain Monetary Tightening Instruments To Stop Inflation – Independent |
| LAGOS – Analysts have implored the monetary policymakers in the country to sustain its policy tightening, albeit at a slower rate, in the short term to tame inflation expectations, narrow the negative real interest rate gap and reduce external pressures in the country………….Read More |
FG borrows N24tn from CBN amid fiscal risks – Punch |
| LAGOS – Analysts have implored the monetary policymakers in the country to sustain its policy tightening, albeit at a slower rate, in the short term to tame inflation expectations, narrow the negative real interest rate gap and reduce external pressures in the country………….Read More |
UAC’s Losses Hit N2.01bn on Sales, Finance Cost – Thisday |
| UAC Plc suffered a loss of N2.01billion in its nine months ended September 30, 2022 unaudited result and accounts amid growing cost of sales and increasing finance cost. The conglomerates, thus, grew revenue but the management‘s inability to manage cost of sales and finance cost battered the company’s performance for the second consecutive quarter result and accounts…………..Read More |
Banking, Insurance Sectors’ Contribution to GDP Down 10% to N660.84bn – Thisday |
| As companies in Nigeria continue to battle the tough operating environment, banks and other Financial institutions contribution to Nigeria’s real Gross Domestic Product (GDP) in third quarter of 2022 dropped by 10.14 per cent Quarter-n-Quarter (QoQ) to N660.84billion from N735.4billion, the National Bureau of Statistics (NBS) report has revealed…………...Read More |