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Business - Page 526

Best-Performing Cement Companies In Nigeria — By Revenue Growth

In the third quarter (Q3) of 2025, the cement industry recorded N1.62 trillion revenue, based on the financial statements of the three major producers listed on the Nigerian Exchange (NGX) Limited: Dangote Cement, BUA Cement and Lafarge Africa. According to Prime Business

December 22, 2025

Business·Oil & Gas

NNPC Boss Addresses Impact Of Shell, ExxonMobil, Others’ Exit On Nigeria

The Nigerian National Petroleum Company (NNPC) Limited has stated that the exit of International Oil Companies (IOCs) will not end the country’s exploration of hydrocarbon resources. Some foreign oil companies in Nigeria such as Exxon Mobil Corporation, Agip, Texaco, Royal Dutch Shell,

April 7, 2023

Business

KPMG Makes Naira Projection After Foreign Capital Importation Drops To $1.06 billion

KPMG Nigeria has stated that Naira faces further devaluation, as foreign investors reduce their investment interests in Nigeria, the largest economy in Africa. In the fourth quarter (Q4) of 2022, foreign capital importation dropped by -8.53 per cent, from $1.16 billion capital

April 7, 2023

NNPCL Denies Inflating Fuel Subsidy Payments

Business·Oil & Gas

Senate Queries NNPC Over Missing N102.6 billion Oil Sales

The Senate has disclosed that the Nigerian National Petroleum Corporation (NNPC) Limited failed to account for the N102.6 billion crude oil lifted to two refineries in Nigeria. According to the Senate Committee on Public Accounts, 8,399,017 barrels of crude oil were delivered

April 7, 2023

Business·Oil & Gas

Court Frees Seplat’s Roger Brown From Restriction Amid Faceoff With Shareholders

Seplat Energy reported on Thursday, 6 April 2023, that the ex parte interim order against its Chief Executive Officer, Roger Brown, has been vacated by the Federal High Court in Lagos. According to the oil and gas company, Brown will resume his

April 6, 2023

Business·News

Dangote, Rabiu, Adenuga Make Forbes 2023 World Billionaire Rankings

Three Nigerians have made the list of the recent Forbes World billionaires ranking for 2023. The list, which came out on Tuesday, has a total of 2,460 billionaires globally, but with a couple of surprises. Last year was characterized by falling stocks,

April 6, 2023

Financial Obligations Force MTN Nigeria To Borrow N125bn From Commercial Paper Investors

Business

MTN Nigeria Reduces Share Price Amid New Dividend Plan For Shareholders

MTN Nigeria has disclosed that shareholders who vote for its Scrip Dividend Election Plan at its upcoming annual general meeting (AGM) will be given a discount price for its shares. In a statement released on Thursday, 6 April 2023, to the capital

April 6, 2023

Naira Appreciates To N869/$1 As Experts Debate Stability

Business·Currency

Dollar Rate Rises By N0.45 kobo, As Naira Devaluation Continues

On Wednesday, 5 April 2023, the Dollar rate closed trading at N463.75 kobo, as the Naira depreciated in value by –0.09 per cent in the official market. According to data obtained from FMDQ Exchange, the cost of dollars in the official market

April 6, 2023

Business

DMO Blames FG’s Numerous Promissory Notes For Nigeria’s Rising Debt

The Director-General of the Debt Management Office (DMO), Patience Oniha, has blamed budget deficits and numerous promissory notes as reasons for the rising debt of the Nigerian government. Oniha said despite not generating enough revenue, the Federal Government has been issuing several

April 6, 2023

Business

FG To Share $800 million Among 50 million Nigerians After Removal Of Fuel Subsidy

The World Bank has handed Nigeria $800 million to disburse to vulnerable households after the removal of subsidy on the premium motor spirit (PMS). Nigerian government already slated June as the last month for fuel subsidy payment after postponing the removal in

April 6, 2023

How Loss Of Over $5 Trillion In U.S. Stock Exchange Affects Nigeria

Business·Markets

Shares Of Airtel Africa, Flour Mill Slump, Cost Stock Market Investors N553.70 billion

The Nigerian stock market capitalisation closed at N28.88 trillion, depreciating from N29.43 trillion on Wednesday, 5 April 2023. This means the bourse dipped in value by N553.70 billion. It followed the decline in the All-Share Index which closed down at 53,018.97 ASI

April 5, 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 526

Best-Performing Cement Companies In Nigeria — By Revenue Growth

NNPC Boss Addresses Impact Of Shell, ExxonMobil, Others’ Exit On Nigeria

KPMG Makes Naira Projection After Foreign Capital Importation Drops To $1.06 billion

Senate Queries NNPC Over Missing N102.6 billion Oil Sales

Court Frees Seplat’s Roger Brown From Restriction Amid Faceoff With Shareholders

Dangote, Rabiu, Adenuga Make Forbes 2023 World Billionaire Rankings

MTN Nigeria Reduces Share Price Amid New Dividend Plan For Shareholders

Dollar Rate Rises By N0.45 kobo, As Naira Devaluation Continues

DMO Blames FG’s Numerous Promissory Notes For Nigeria’s Rising Debt

FG To Share $800 million Among 50 million Nigerians After Removal Of Fuel Subsidy

Shares Of Airtel Africa, Flour Mill Slump, Cost Stock Market Investors N553.70 billion

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Best-Performing Cement Companies In Nigeria — By Revenue Growth

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Best-Performing Cement Companies In Nigeria — By Revenue Growth

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