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Latest news on business in Nigeria - Page 18

Dangote Cement, Rand Merchant Bank Begin Commercial Paper Issuances On FMDQ Exchange

Why We Reduced Cement Price To ₦3,500 – BUA

BUA Cement PLC has finally reduced the price of its cement to ₦3500 per bag, says it is in line with its quest to spur development in building infrastructure sector. In a statement signed by the management released today, October 1, being

October 1, 2023

Business·News

NOVA Merchant Bank’s Pediatric Surgery Initiative Saves 50 Underprivileged Children In Lagos

In a remarkable display of corporate social responsibility, NOVA Merchant Bank, a financial institution in Nigeria, has spearheaded a Pediatric Surgical Intervention program as part of its 2023 Environmental, Social, and Governance (ESG) initiatives, specifically under the UPLIFT initiative. This noble endeavor,

September 28, 2023

Business·Finance & Economy·News

Muda Yusuf Advises CBN, Other Authorities To Create Policies That Encourage Domestic Investments In Nigeria

Chief Executive Officer of the Centre For Promotion of Private Enterprise (CPPE), Dr Muda Yusuf, has called on the Central Bank of Nigeria (CBN) and other fiscal authorities in the country to make policies that would favour an increase in domestic investments

September 28, 2023

News

IMF Urges Nigeria, Sub-Saharan Africa To Ditch Tax Exemptions For Growth

The International Monetary Fund (IMF) has called on Nigeria and Sub-Saharan African nations to prioritize the removal of tax exemptions and boost domestic revenue generation as a means to tackle fiscal deficits. In their recent publication titled ‘Avoiding a Debt Crisis in

September 28, 2023

Binance To Exit Russia Amidst US Sanctions Probe

Business·Currency·News

Binance To Exit Russia Amidst Sanctions Violation Probe By US

Cryptocurrency giant, Binance, on Wednesday, announced decision to divest its Russian operations, citing its commitment to compliance and distancing itself from potential sanctions violations. This comes in the wake of months-long investigations by US authorities into alleged sanctions breaches involving Russian users

September 27, 2023

Nigeria's Equity Market Declines By 1.99% in March Despite Weekly Gains

Business·Markets

Stock Recap: Nigerian Investors Face Turbulent Week, Lose N30.4 Billion

In a week of turbulent market activity, equity investors in Nigeria faced a challenging landscape, with a net loss of N30.379 billion in 38,536 deals, trading 3.911 billion shares, according to data released by the Nigerian Exchange Limited (NGX). This marked a

September 23, 2023

Africa·Business

Access Holdings Plc Reports 71.39% Profit Surge In H1 2023

Access Holdings Plc has unveiled its half-year financial performance, showcasing a remarkable surge in pre-tax profits, which soared by 71.39% year-on-year, reaching an impressive N167.601 billion. While the headline numbers are impressive, a deeper dive into the report reveals a nuanced tale

September 23, 2023

Aliko Dangote Suffers $681 Million Wealth Plunge As Dangote Cement Slumps

Africa·Business·Finance & Economy·News

Aliko Dangote Suffers $681m Loss As Cement Stock Value Slumps

Africa’s wealthiest industrialist, Aliko Dangote, has experienced a notable decline in his wealth portfolio as Dangote Cement, Nigeria’s most capitalized stock, endured a staggering loss of 8.49%, closing at N334.00 following Friday’s trading session. Dangote’s daily financial setback amounted to a substantial

September 23, 2023

Petrol Price Rises By 230.78% As Nigerians Paid N626.70 In August

Business·News·Oil & Gas

Petrol Price Rises By 230.78% In 1 Year, Nigerians Paid N626.70 In August

The average retail price of a litre of Premium Motor Spirit (PMS) also known as petrol increased from N189.46 in August 2022 to N626.70 in August 2023, a report by the National Bureau of Statistics has revealed. This represents a 230.78 per

September 22, 2023

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

Business·Finance & Economy·News

Nigerian Stock Market: Sunu Assurance, Berger Shine In Downturn

In a display of resilience, the Nigerian stock market weathered a minor dip on Wednesday, with the equity capitalization decreasing by a marginal 0.03 percent. While this translated to a dip of N12.86 billion in market capitalization from N37.41 trillion to N37.40

September 20, 2023

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Latest news on business in Nigeria - Page 18

Why We Reduced Cement Price To ₦3,500 – BUA

NOVA Merchant Bank’s Pediatric Surgery Initiative Saves 50 Underprivileged Children In Lagos

Muda Yusuf Advises CBN, Other Authorities To Create Policies That Encourage Domestic Investments In Nigeria

IMF Urges Nigeria, Sub-Saharan Africa To Ditch Tax Exemptions For Growth

Binance To Exit Russia Amidst Sanctions Violation Probe By US

Stock Recap: Nigerian Investors Face Turbulent Week, Lose N30.4 Billion

Access Holdings Plc Reports 71.39% Profit Surge In H1 2023

Aliko Dangote Suffers $681m Loss As Cement Stock Value Slumps

Petrol Price Rises By 230.78% In 1 Year, Nigerians Paid N626.70 In August

Nigerian Stock Market: Sunu Assurance, Berger Shine In Downturn

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Latest news on business in Nigeria - Page 18

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