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Business - Page 382

Dangote Cement's Revenue Soars, But Production Costs Rise 45% In Tandem

Dangote Cement Posts Strong Profit Growth Despite Flat Volumes

Dangote Cement Plc recorded a sharp increase in profit and earnings in the first nine months of 2025, despite largely flat sales volumes across its Nigerian and Pan-African operations, according to the company’s latest operating review, Prime Business Africa reports. The cement

December 22, 2025

Business·News

Tinubu Halts Tariff Hike, Probes Power Sector Licenses

President Bola Tinubu has halted the proposed electricity tariff hike, emphasizing the need for a nationwide subsidy on power consumption. The revelation came from the Minister of Power, Adebayo Adelabu, during a press briefing in Abuja. Adelabu went on to announce a

November 9, 2023

Naira Falls To ₦1,530/$ At Official Market After Public Holiday

Business·Currency·News

Naira Gains To N1120/$1 As Nigerian Govt Aims To Boost Dollar Supply

The Naira experienced a gain of 1.75 percent against the dollar on the parallel market, reaching N1120/$1 on Thursday. This upward movement is attributed to growing optimism surrounding the government’s plans to enhance dollar liquidity and digitalize FX transactions. The government’s initiatives aim

November 9, 2023

Business·News·Technology

Nigeria Govt, Raspberry Pi Foundation Partner To Launch Code Clubs In Nigeria

The Nigerian Government, through the Ministry of Communications, Innovation & Digital Economy, has joined forces with the UK-based Raspberry Pi Foundation to introduce Code Clubs across Nigeria. Aimed at students aged 7 to 17, these extracurricular programming clubs are set to transform the

November 9, 2023

Business·News

Vandalism Accounts For 13% Of Power Accidents, Urgent Measures Required-NERC

The Nigerian Electricity Supply Industry (NESI), Engr. Idris Aminu Idris, the SM in charge of Engineering Performance and Monitoring at the Nigerian Electricity Regulatory Commission (NERC), disclosed that vandalism has been a major contributor, causing 13% of power-related accidents between Q1 and

November 9, 2023

Democracy Day: Nigeria In A Classical State Capture - Obi

Business·Finance & Economy·News·Politics

Obi Slams ‘Lavish’ Expenditure in 2023 Supplementary Budget, Calls For Focus On National Welfare

In a scathing critique of the approved N2.17 trillion 2023 supplementary budget, former Anambra state governor and Labour Party presidential candidate, Mr. Peter Obi, lambasted the government’s allocation of funds for what he termed “lavish indulgence.” Speaking on Wednesday on his X page

November 9, 2023

Naira Ends Week With Marginal Gain Against Dollar

Business·Currency·News

Naira Depreciates In Official Market, Black Market On Wednesday

The naira took a dip against the U.S. dollar, leaving speculators scratching their heads. The official market, usually a bastion of stability, witnessed a 0.55% depreciation, closing at N874.71 to a dollar on Wednesday. This marked a contrast to the brief uptick recorded

November 9, 2023

Business

Fitch Retains Nigeria’s Credit Rating At B-, Predicts Inflation At Below 21%

Highlighting Nigeria’s major strengths as large economy, developed and liquid domestic debt market, and large oil and gas reserves, the global rating agency, Fitch, has affirmed the country’s long-term foreign-currency issuer default outlook at ‘B-‘ with a stable outlook. Fitch Ratings however

November 9, 2023

6 Factors Behind Poor Performance Of Nigeria’s Oil & Gas Stocks This Year

Business·Markets·News

JAPAULGOLD, OMATEK, Others Top Gainers As Market Capitalization Surges To N38.885 Trillion

The NGX All-Share Index continued its upward trajectory, closing at 70,773.31 points today, inching closer to the elusive 71,000 mark. The market witnessed a gain of N87 billion, propelling the market capitalization to N38.885 trillion. Market analysts attribute this positive trend to

November 9, 2023

Naira Depreciation Spurs Export Surge To N35trn

Business·Currency·News

Old, Redesigned Naira Notes Remain Legal Tender – CBN

The Central Bank of Nigeria (CBN) has reiterated that the old and newly redesigned naira notes remain legal tender. The CBN emphasized this point following Section 20(5) of the CBN Act, 2007. Despite previous assurances of adequate cash stocks across the country,

November 8, 2023

Africa·Business·News

AfDB Unveils $15 Billion Investment Interest In Abidjan-Lagos Highway Corridor

Dr. Akinwumi Adesina, President of the African Development Bank (AfDB) has announced that the Abidjan-Lagos highway corridor, a lifeline for regional economic integration has attracted $15.5 billion in investment interest. Speaking during the 2023 Africa Investment Forum (AIF) Market Days in Marrakech held

November 8, 2023

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Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

The Federal Government of Nigeria has issued its debut bond

Dollar Trades Flat In Black Market, Appreciates In Official Window

The dollar traded at N1,487.01/$1 in the parallel market on

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

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Business - Page 382

Dangote Cement Posts Strong Profit Growth Despite Flat Volumes

Tinubu Halts Tariff Hike, Probes Power Sector Licenses

Naira Gains To N1120/$1 As Nigerian Govt Aims To Boost Dollar Supply

Nigeria Govt, Raspberry Pi Foundation Partner To Launch Code Clubs In Nigeria

Vandalism Accounts For 13% Of Power Accidents, Urgent Measures Required-NERC

Obi Slams ‘Lavish’ Expenditure in 2023 Supplementary Budget, Calls For Focus On National Welfare

Naira Depreciates In Official Market, Black Market On Wednesday

Fitch Retains Nigeria’s Credit Rating At B-, Predicts Inflation At Below 21%

JAPAULGOLD, OMATEK, Others Top Gainers As Market Capitalization Surges To N38.885 Trillion

Old, Redesigned Naira Notes Remain Legal Tender – CBN

AfDB Unveils $15 Billion Investment Interest In Abidjan-Lagos Highway Corridor

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Heirs Energies Agrees $750m Afreximbank Financing to Drive Long-Term Growth

Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

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Dangote Cement Posts Strong Profit Growth Despite Flat Volumes

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Dangote–Farouk Saga: Why Damning Claims Brought Down Oil Sector Giants

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Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

Dollar Trades Flat In Black Market, Appreciates In Official Window

Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

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

Dangote Cement Posts Strong Profit Growth Despite Flat Volumes

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