Tag Archives: Nigeria’s economy

Economic crisis: Guinness profit down by 83%

Economic crisis: Guinness profit down by 83%

Guinness Nigeria Plc says its nine-month profit has fallen by 83 percent from N5.2 billion in March 2015 to N864 million in March 2016. Nigeria’s second-largest brewer also experienced a revenue drop of 18 percent from N84.75 billion to N69.6 billion. Just after the announcement of the three-quarter results, Guinness Nigeria shares fell by N1.84

Okonjo-Iweala debunks Soludo’s claims on nation’s economy, says he failed as CBN Gov

Minister of Finance, Ngozi Okonjo-Iweala, Wednesday described the criticism of President Goodluck Jonathan’s management of the country’s economy by former Governor of Central Bank of Nigeria (CBN), Chukwuma Soludo, as “intellectual hara-kiri”. The minister also hinted that the five year tenure of Soludo as the Governor CBN was a complete failure and a disaster to