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Business - Page 694

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

Currency In Circulation Falls By N42.43bn In Two Months

Currency in circulation, according to the Central Bank of Nigeria (CBN), fell by N42.43bn between January and March. Figures obtained from the CBN revealed that the currency, which stood at N3.29tn as of the end of January, fell to N3.25tn by the

April 8, 2022

AMA News·Business

Thales launches its sixth Cyber Security Operations Center in Morocco to serve the African continent

Thales strengthens its status as a cybersecurity leader with the creation of a new Security Operations Center on the African continent, based in Morocco. This operations center provides Moroccan and African administrations and businesses with effective supervision resources in the field of

April 8, 2022

Business

NDIC Deploys Single Customer View Platform To MFBs, Gives Reasons

The Nigeria Deposit Insurance Corporation (NDIC) said it has developed a Single Customer View (SCV) platform to be deployed to Microfinance Banks (MFBs) to eliminate delays often experienced in reimbursing depositors following revocation of failed MFBs licences by the Central Bank of

April 8, 2022

Business·News·Top Stories

Why Access Bank’s Takeover Bid For First Guarantee Pensions Fails On CAMA – Lawyer

‘‘By section 22(2)(b) of the Company and Allied Matters Act (CAMA), no member of a private limited liability company may sell his shares to a non-member without first offering the shares to existing members. This is what is called right of pre-emption

April 7, 2022

Business·News·Top Stories

Elumelu At UBA’s 60th AGM Upholds Commitment To Exceeding Growth Trajectory, Creating Value

The United Bank for Africa (UBA) Plc has assured shareholders and investors of its unwavering commitment to sustain its current growth trajectory even as its efforts at business diversification across Africa and beyond continues to yield increasing returns. The Group Chairman, Tony

April 7, 2022

Business·News

Savannah Acquisition In Jeopardy As Lekoil Shareholder Files Winding-up Petition

Lekoil Nigeria Limited has filed a petition in the Grand Court of Cayman Island to request a just and equitable winding up of Lekoil Cayman to avert value loss by shareholders of the AIM-Listed company. The petition was filed by Lekoil Founder

April 7, 2022

Business

Banks Enter CBN ‘Net’, Bag N800m Fine Over Crypto Transactions

Three Deposit Money Banks in Nigeria have violated Central Bank of Nigeria (CBN’s) order barring customers from transacting in cryptocurrencies, ncurringt N800m fine. A report by Bloomberg released on Wednesday read that the three banks are Access Bank Plc, Stanbic IBTC, and

April 7, 2022

Business·News·Oil & Gas·Top Stories

Lekoil Nigeria Secures Court Injunction Against Lekoil Limited, Savannah Energy On Share Value Dilution

Following the announcement of 28 February 2022 by Lekoil Limited that it had entered into an agreement with Savannah Energy Investments Limited, a subsidiary of Savannah Energy PLC, Lekoil Nigeria Limited has secured a court injunction against Lekoil Limited and others, restraining

April 6, 2022

Nigeria's Debt Crisis Deepens With 183% Debt Service To Revenue Ratio

Business·News·Top Stories

Nigeria’s Debt Can Rise To N50trn – Muda Yusuf

The Centre for the Promotion of Private Enterprise has said that Nigeria’s debt, including that of the Asset Management Corporation of Nigeria and borrowings from the Central Bank of Nigeria, can hit N50tn within the shortest possible time. The Chief Executive Officer,

April 5, 2022

Access Bank Raises N351bn, Emerges First Nigerian Bank To Meet CBN’s N500bn Capital Requirement

Business·News·Top Stories

EXCLUSIVE: Access Bank’s Takeover Bid For First Guarantee Pensions Raises Dust

Latest moves by Access Bank Plc to acquire First Guarantee Pensions Limited (FGPL), a pension fund administrator (PFA), is now met with the stoutest resistance from shareholders who believe that the process contravenes the law, specifically the Company and Allied Matters Act

April 5, 2022

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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 694

Dangote Cement Posts Strong Profit Growth Despite Flat Volumes

Currency In Circulation Falls By N42.43bn In Two Months

Thales launches its sixth Cyber Security Operations Center in Morocco to serve the African continent

NDIC Deploys Single Customer View Platform To MFBs, Gives Reasons

Why Access Bank’s Takeover Bid For First Guarantee Pensions Fails On CAMA – Lawyer

Elumelu At UBA’s 60th AGM Upholds Commitment To Exceeding Growth Trajectory, Creating Value

Savannah Acquisition In Jeopardy As Lekoil Shareholder Files Winding-up Petition

Banks Enter CBN ‘Net’, Bag N800m Fine Over Crypto Transactions

Lekoil Nigeria Secures Court Injunction Against Lekoil Limited, Savannah Energy On Share Value Dilution

Nigeria’s Debt Can Rise To N50trn – Muda Yusuf

EXCLUSIVE: Access Bank’s Takeover Bid For First Guarantee Pensions Raises Dust

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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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