Stanbic IBTC: Nigeria's May PMI drops to 52.9
Nigeria’s headline Purchasing Managers Index for the month of May came in at 52.9 points below the previous month's reading of 55.5 although the rate of output price inflation softened in the period. This is according to Stanbic IBTC's PMI report. Gbolahan Taiwo, Regional Economist for West Africa at Stanbic IBTC joins CNBC Africa for this discussion.
Traders, buyers at Mile 12 market bemoan hike in price
Traders, buyers at Mile 12 market bemoan hike in price.
Brent dips below $60 for first time since October 2017
The global oil price slump pushed Brent crude below $60 a barrel in London for the first time in more than a year amid concerns over a potential supply glut.
Ford plans to slash jobs by 10 percent
Ford plans to shrink its salaried workforce in North America and Asia by about 10 percent as it works to boost profits and its sliding stock price, a source familiar with the plan told Reuters.
Africa mining sector meets amid commodity price comeback
Investors and mining firms are meeting at Africa's biggest industry conference amid a newfound optimism that the uptick in commodity prices could shore up investment after years of downturn.
FG sets pp committee to tackle high food price
Federal Executive Council Meeting - FG Sets Up Committee To Tackle High Food Price.