More Losses Projected as Nine Firms Lose N960bn in H1 - Report Following foreign exchange reforms, Nigerian businesses have envisaged increased losses in the second quarter of the year. Already, nine firms had lost N960.18bn to the new forex policy in the second quarter. According to the...

Investors Witness N851bn Gain in One Day Nigeria’s equities market witnessed one of the highest one-day gains in 2023 as investors consolidated on the recent market rally to gain N851bn. The market went up on Monday by 2.48 per cent as the All-Share Index and equities...

FG to Cut Fuel Import From August  The Nigerian National Petroleum Company has confirmed that once the Dangote Refinery starts pumping out refined petroleum products from late July or early August, the NNPCL will cut down on its imports of Premium Motor Spirit, popularly called...

Dangote, BUA, IHS Win SERAS CSR Awards The Sustainability, Enterprise, and Responsibility Awards has announced Dangote Group, IHS Towers and BUA Group as the most responsible businesses in Africa at the 16th edition in Lagos recently. In a statement issued by the body, speaking to the...

In Q3, Dangote Sugar Rises PAT to N4.6 Billion - Report  Dangote Sugar Refinery Plc has reported a profit after tax (PAT) of N4.6 billion in Q3 2022, which represents an increase of 58% compared to N2.9 billion in Q3 2021. The financial report by the firm...

FG Plans $350m Savings, Targets 100,000 Jobs in Sugar Production The Federal Government says it has approved Phase II of its 10-year National Sugar Masterplan with the goals of creating 110,000 new jobs and saving $350m yearly. The Minister of Industry, Trade and Investment, Niyi Adebayo,...