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Business - Page 213

BUA Cement's Profitability Under Threat As Production Costs Surge

BUA Cement Records N858.73bn Revenue In Nine Months, Profit Rises By 448%

In the first nine months of 2025, BUA Cement recorded N858.73 billion in revenue, surpassing the N583.40 billion generated in the same period in 2024, indicating an increase of 47.19 percent. According to the company’s unaudited financial statements for the period ended

December 17, 2025

Oando Plc's Share Price Rise By %1,286% In One Year, Market Cap Crosses N1trn

Business·Markets·News·Oil & Gas

Oando Share Price Rises By 1,286% In One Year, Market Cap Crosses N1trn

Oando Plc has made a climb on the Nigerian Exchange Limited (NGX), reflecting a 1,286 per cent gain in its share price from September 4, 2023, to September 2, 2024. The stock closed at N84.55, up from N6.10 just a year earlier.

September 3, 2024

Dangote Refinery: Of Hopes, Drools And Jokes

Business·News·Oil & Gas

Our Refinery’s Capacity Will Meet Nigeria, Sub-Saharan Petrol Demands – Dangote

Aliko Dangote, the chairman of Dangote Group, has announced that the Dangote Refinery, with a capacity of 650,000 barrels per day, is set to satisfy the petrol demands in Nigeria and across the entire sub-Saharan region. This statement was made during a

September 3, 2024

Dangote Refinery Reduces Ex-depot Price Of Diesel To ₦1,020 Per Litre

Business·News·Oil & Gas

Dangote Refinery Rolls Out First PMS Products

Dangote Refinery has finally begun refining Premium Motor Spirit (PMS) also known as petrol. President of Dangote Group, Aliko Dangote, made a presentation of the first sample of petrol produced from the refinery on Tuesday. This comes after a series of postponements

September 3, 2024

Business·News·Technology·World News

iPhone 16: Apple Shifts Focus to AI-Driven Software, Experts Weigh In

Apple Inc. is set to unveil its latest flagship device, the iPhone 16, on 9th September, marking a significant shift in the company’s strategy. Moving away from its traditional hardware-centric focus, Apple is now emphasising software innovation, with artificial intelligence (AI) taking

September 3, 2024

Survey: 65.8% Respondents Want Interest Rate Cut As CBN Holds MPC Meeting

Business·News

Experts Warn Of Economic Risks As External Debt Servicing Rises To $2.78bn

Nigeria’s external debt servicing surged by 53.63% to $2.78bn in 2024. Experts warn of economic risks as debt servicing strains government resources. Nigeria’s Soaring External Debt: A Growing Concern Nigeria’s external debt servicing costs have surged significantly in 2024, raising concerns among

September 3, 2024

Nigeria’s Energy Crisis: A Fuel Hike Or A Broken System?

Business·News·Oil & Gas

Petrol Price To Hit N1,300, NNPC Faces Financial Strain

The price of petrol in Nigeria is on the verge of a significant increase, with estimates suggesting it could reach N1,300 per litre. This rise is attributed to the financial challenges faced by the Nigerian National Petroleum Company (NNPC) Limited, which is

September 3, 2024

Naira Falls Against Dollar In Black Market As Demand Increases In FX Market

Business·Markets·News

FX Market Closes August On a Downward Trend As Naira Continues To Weaken

Naira Struggles in FX Market at Month-End The foreign exchange (FX) market witnessed a challenging end to August, with the naira recording significant losses against the dollar across various trading platforms. The Nigerian Autonomous Foreign Exchange Market (NAFEM) saw the naira close

September 3, 2024

The equity market closed in positive territory for the second time this week as stocks rose by 0.04%. Investors traded N15.07bn worth of shares.

Business·Markets·News

Nigeria’s Equity Market Rallies, Conoil, Oando Lead Gains In September’s First Trading Day

Opening of September Trading in Nigeria’s Equity Market Nigeria’s equity market kicked off September on a positive trajectory, closing Monday’s trading session with a notable rise of 0.22 per cent. This gain translated into an increase of N124 billion, underscoring the resilience

September 3, 2024

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 1st July 2025

Business·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 3rd September 2024

What is the Dollar to Naira Exchange rate at the black market, like the Aboki FX? The exchange rate for the US dollar (USD) to Nigerian Naira (NGN) in the parallel market, also known as black market, especially the Aboki fx as

September 3, 2024

Business·News

Zenith Bank Records 117% Gross Earnings Growth In H1

Gross Earnings Growth One of the leading commercial banks in Nigeria, Zenith Bank, has recorded a 117 per cent growth of its gross earnings in the first half of 2024. This was revealed in the bank’s audited half-year financial results presented to

September 2, 2024

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Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

The government of Venezuela has condemned what it described as

Bank of Japan Poised to Lift Rates to 30-Year High as Inflation Pressures Persist

The Bank of Japan (BOJ) is set to raise its

SEC Orders Full Registration of Tradable Instruments by January 2026

The Securities and Exchange Commission (SEC) has ordered all Capital

UK Targets Sugary Milk Drinks as Government Tightens Health Levy

The UK Labour government has expanded its existing sugar tax

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Business - Page 213

BUA Cement Records N858.73bn Revenue In Nine Months, Profit Rises By 448%

Oando Share Price Rises By 1,286% In One Year, Market Cap Crosses N1trn

Our Refinery’s Capacity Will Meet Nigeria, Sub-Saharan Petrol Demands – Dangote

Dangote Refinery Rolls Out First PMS Products

iPhone 16: Apple Shifts Focus to AI-Driven Software, Experts Weigh In

Experts Warn Of Economic Risks As External Debt Servicing Rises To $2.78bn

Petrol Price To Hit N1,300, NNPC Faces Financial Strain

FX Market Closes August On a Downward Trend As Naira Continues To Weaken

Nigeria’s Equity Market Rallies, Conoil, Oando Lead Gains In September’s First Trading Day

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 3rd September 2024

Zenith Bank Records 117% Gross Earnings Growth In H1

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BUA Cement Records N858.73bn Revenue In Nine Months, Profit Rises By 448%

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BUA Cement Records N858.73bn Revenue In Nine Months, Profit Rises By 448%

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Business - Page 213

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