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Business - Page 243

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

Nigeria’s 1.8mbpd Oil Production A Drop In The Bucket – Economist

Business·News·Oil & Gas

Nigerian Govt Halts Bidding For 5 Oil Blocks Over Litigation

The Nigeria Midstream and Downstream Petroleum Regulatory Commission (NUPRC), has reportedly removed five oil blocks from the 2024 licensing round due to legal disputes. According to NUPRC, the affected oil blocks are PPL3008, PPL3009, PML51, PPL267, and PPL268. Prime Business Africa recalls

July 2, 2024

Business·World News

US Manufacturing Slips Further Into Contraction In June

Manufacturing activities in the United States further dropped in June, owing to what was attributed to a decline in demand. The Institute for Supply Management’s (ISM) Purchasing Managers Index (PMI), recorded 48.5 per cent in June, down by 0.2 percentage points from

July 2, 2024

Aiteo Cancels Surveillance Contracts With Security Companies Amid Security Breaches

Business·News·Oil & Gas

Aiteo Cancels Surveillance Contracts With Security Companies Amid Breaches

Indigenous oil firm, Aiteo Eastern Exploration and Production Company (AEEPCO), has revoked its contracts with surveillance security providers following cases of security breaches around its facilities. In a statement released on Monday, AEEPCO’s Group Managing Director, Mr. Victor Okoronkwo, said terminating the

July 2, 2024

Africa·Business

ATIDI’s Profit Increases By 205% In 2023

· Profit for the year increased by 205% to USD69.1 million as insurance revenue grew by 14% to USD155.7million · The results were validated during the Company’s 24th Annual General Meetings (AGM) held in Livingstone, Zambia, last week. · ATIDI’s next AGM is scheduled to take

July 2, 2024

Access ARM Pensions Holds AGM Friday 30 May

Business·Finance & Economy

Court Orders Meeting For Access Pensions Limited, ARM Pensions Managers Merger

High Court Directs Shareholders to Convene for Approval of Merger Scheme The Federal High Court in Lagos has ordered a meeting of the shareholders of Access Pensions Limited to consider and approve a merger with ARM Pension Managers (PFA) Limited. The meeting,

July 2, 2024

Business·News·Oil & Gas

Oil And Gas Sector’s Contribution To Nigeria’s GDP Less Than 10%- NUPRC

Oil and Gas Sector’s Low GDP Contribution The oil and gas sector in Nigeria contributes less than 10 per cent to the country’s Gross Domestic Product (GDP), according to Ofoegbu Kelechi, the Executive Commissioner of Corporate Service Administration at the Nigerian Upstream

July 2, 2024

Forex Crisis Hits Nigerian Ports As Operators Lament 2.39% Drop in Container Import

Business·News

Forex Crisis Hits Nigerian Ports, Operators Lament 2.39% Drop in Container Import

Licensed Customs Agents Blame Forex Crisis for Decline The forex crisis has caused a 2.39% drop in container throughput at Nigerian ports in Q1 2024, according to licensed customs agents. Nigerian Ports Authority Reports Decline Nigerian Ports Authority (NPA) revealed a 2.39%

July 2, 2024

Crypto industry loss to hacks reduced by 54.2% in June, only $176 million lost

Business·News·World News

Crypto Hacks In June Drop By 54.2% As Industry Sees $176m In Losses

Crypto Losses Decline in June The month of June witnessed a notable decline in crypto hacks and exploits, with net losses dropping by 54.2% compared to May. The industry recorded a net loss of $176 million, significantly lower than May’s staggering $385

July 2, 2024

Business·News

Nigeria Customs Seizes 9 Containers With Arms, Drugs Worth N13.9bn

Nigeria Customs Intercepts Containers With Arms, Ammunition and Illicit Drugs The Nigeria Customs Service (NCS) announced a significant interception of nine containers carrying offensive items, including arms, ammunition, illicit drugs, and second-hand clothes, valued at N13.9 billion. The Comptroller-General of the NCS,

July 2, 2024

Business·Finance & Economy

Nigeria’s Capital Importation: Banking Sector Records Highest Inflow In Q1 2024

Nigeria’s Banking Sector recorded the highest inflow with $2.06 billion, representing 61.24% of total capital imported in the first quarter (Q1) of 2024. According to a report on capital importation in the first quarter of 2024 released by the National Bureau of

July 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 243

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

Nigerian Govt Halts Bidding For 5 Oil Blocks Over Litigation

US Manufacturing Slips Further Into Contraction In June

Aiteo Cancels Surveillance Contracts With Security Companies Amid Breaches

ATIDI’s Profit Increases By 205% In 2023

Court Orders Meeting For Access Pensions Limited, ARM Pensions Managers Merger

Oil And Gas Sector’s Contribution To Nigeria’s GDP Less Than 10%- NUPRC

Forex Crisis Hits Nigerian Ports, Operators Lament 2.39% Drop in Container Import

Crypto Hacks In June Drop By 54.2% As Industry Sees $176m In Losses

Nigeria Customs Seizes 9 Containers With Arms, Drugs Worth N13.9bn

Nigeria’s Capital Importation: Banking Sector Records Highest Inflow In Q1 2024

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

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Business - Page 243

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