HomeTagsDownturn

Tag: Downturn

Stock: Market Extends Downturn By N278bn

Stock: Market Extends Downturn By N278bn       Transactions in the Nigerian equity market on Tuesday closed on a negative note as losing streak extended to the third consecutive trading day, following sustained profit-taking. However, the market breadth closed negative, recording 17 gainers and 30 losers. The All-Share Index...

Foreign Airlines Lost N6.4bn to Naira Devaluation

The Country Manager of British Airways, Kola Olayinka has disclosed that foreign airlines operating in Nigeria lost N6.4billion in the N157.6 billion ($800) of their revenues trapped in the Central Bank of Nigeria (CBN) when the Naira was devalued from N197 to N280 by...