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Business - Page 528

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

Nigeria’s Crude Oil Production Surges To 1.3mbpd

Business·Insights

Saudi Arabia, OPEC+ Members Cut Oil Output, To Affect Nigeria’s Fuel Landing Cost

The cost of subsidy on Premium Motor Spirit (PMS), also known as fuel, in Nigeria will rise in May should the country not remove it, as Saudi Arabia and some members of the Organisation of the Petroleum Exporting Countries plus (OPEC+) cut

April 3, 2023

Dangote Sugar Refinery, NASCON Allied, Dangote Rice To Merge

Business·Insights

Aliko Dangote Loses N275.09 billion, Investors Snub Cement, Sugar Businesses

Businessman, Aliko Dangote, lost 6.25 per cent and 7.10 per cent of his investments in Dangote Cement and Dangote Sugar respectively last week. His investment in the cement and sugar businesses depreciated after reports emerged that his company, Dangote Industries Limited (DIL),

April 3, 2023

Business·News·Transport

AMCON’s Receivership Over Arik Air, Operations Intact – Court

The Asset Management Corporation of Nigeria (AMCON) says its court-affirmed Receivership of Arik Air Limited does not affect its operations. A judgement delivered on Friday March 31 by the Federal High Court in Lagos had affirmed that AMCON was competent and empowered

April 3, 2023

Business·News·Oil & Gas

Century Energy, ELI Join Forces To Run ELI AKASO Terminal In OML18

Century Energy Group (CG) on Sunday announced partnership with Energy Link Infrastructure (Malta) Limited (ELI) for the completion, operations and maintenance of the ELI AKASO floating storage and offloading (FSO) terminal in Oil Mining Lease (OML) 18. This project is a critical

April 3, 2023

$2bn Stolen In Cryptocurrencies In 2023 - Report

Business·Technology

Rise of Cryptocurrency: The Role of Trading Bots In Today’s Market

The epoch of physical currency transactions has encountered a novel and fashionable adversary – Cryptocurrency, which has been cordially received by the financial market. This digital and unregulated currency employs a decentralized infrastructure to record transactions and produce new units, existing purely

April 1, 2023

Access Holdings Plc Reports 71.39% Profit Surge In H1 2023

Business

Access Bank Partners AfriGOpay To Boost Payment Ecosystem

One of the leading commercial banks in Nigeria, Access Bank, has partnered with AfriGOpay, a financial services firm affiliated with the Nigeria Inter-Bank Settlement System (NIBSS) to launch the first Nigerian national domestic card designed to meet the needs of the Nigerian

April 1, 2023

United Kingdom's government has unveiled plans for a collaboration with Nigeria to address pressing safety and security concerns surrounding the use of Artificial Intelligence (AI) technologies

Business·Technology

Top Tech Founders Demand Halt In Powerful AI Development

A consortium of notable figures in the technology industry, including esteemed tech founders such as Elon Musk and Steve Wozniak, have expressed their concerns regarding the ongoing research and development of advanced Artificial Intelligence (AI). These individuals maintain that AI has the

April 1, 2023

Business·Technology

Top 10 Fintech Apps In Nigeria 2023

Fintech has revolutionized the way we manage money in Nigeria, and the industry is rapidly growing, especially with the retinue of Fintech apps available to users. With the emergence of digital financial services, the financial landscape is changing, and fintech is leading

April 1, 2023

Business·News·Technology

Zoom Activates ‘Catch-up’ Features For Latecomers

Zoom has announced the introduction of an all-new ;Zoom catch-up features’ to compete with other Teams’ communication applications. These features are expected to help people catch up with virtual meetings they join late. The features include, AI-powered meeting summaries, prompt-based email responses,

April 1, 2023

Business·Currency

Cash Crunch Forces Churches To Accept Offerings Via Bank Transfers

Just like the COVID-19 pandemic lockdown which forced churches to change some liturgical procedures to ensure safety of worshippers, the raging cash scarcity has led them to accept offerings during Sunday services through electronic transfer. Unlike before when worshippers would file out

March 31, 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 528

Dangote Cement Posts Strong Profit Growth Despite Flat Volumes

Saudi Arabia, OPEC+ Members Cut Oil Output, To Affect Nigeria’s Fuel Landing Cost

Aliko Dangote Loses N275.09 billion, Investors Snub Cement, Sugar Businesses

AMCON’s Receivership Over Arik Air, Operations Intact – Court

Century Energy, ELI Join Forces To Run ELI AKASO Terminal In OML18

Rise of Cryptocurrency: The Role of Trading Bots In Today’s Market

Access Bank Partners AfriGOpay To Boost Payment Ecosystem

Top Tech Founders Demand Halt In Powerful AI Development

Top 10 Fintech Apps In Nigeria 2023

Zoom Activates ‘Catch-up’ Features For Latecomers

Cash Crunch Forces Churches To Accept Offerings Via Bank Transfers

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

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

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

SAFE IN NIGERIA: Boris Johnson’s Claim and the outrage

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Dangote Cement Posts Strong Profit Growth Despite Flat Volumes

Zimbabwe Tops List of Africa’s Most Expensive Mobile Data as Nigeria Ranks Among Cheapest

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

Dangote Explains Why Cement Costs More in Nigeria Than Abroad

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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Business - Page 528

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