Nigerian magnate and industrial powerhouse, Aliko Dangote, has stormed back to the pinnacle of Africa’s rich list, reclaiming his title as the continent’s wealthiest man on the Bloomberg billionaire index, mere days after ceding it to South African tycoon, Johann Rupert. In a dramatic turn of fortunes, Bloomberg reports that Dangote’s immense wealth surged by […]
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The Naira on Monday appreciated at the official market, trading at N1,607.15 to the dollar. Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), showed that the Naira gained N9.93. This represents a 0.61 percent gain when compared to the previous trading date […]
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The naira, on Monday, August 5, 2024, appreciated at the official market, trading at N1,607.15 to the dollar. Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), showed that the naira gained N9.93. This represents a 0.61 percent gain when compared to the […]
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BUA Cement released its 2024 second-quarter results, revealing a pre-tax profit of N18.8 billion. This represents a 54.00% year-over-year decline from a profit of N40.9 billion reported in 2023. Revenue spiked by 76.80% year-over-year from N114.7 billion the previous year to N202.8 billion in Q2 of 2024. However, BUA Cement’s earnings per share fell by […]
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The Nigerian stock market started the week on a negative note as investors lost N93 billion due to sell-offs in MTN Nigeria, Transnational Corporation (Transcorp), and other declining stocks on Monday, August 5, 2024. The market capitalisation, which opened at N55.497 trillion, shed N93 billion or 0.17 percent to close at N55.404 trillion. The All-Share […]
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Ondo State Governor Lucky Aiyedatiwa has urged youths in the state to tap the hidden wealth in agriculture and improve their well-being. He advised them to take agriculture as a serious business to bolster food production and reduce unemployment. A statement by the Deputy Governor’s spokesperson, John Akinduro, said that the governor advised while speaking […]
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Access Bank Plc has rewarded a lucky customer with a brand-new SUV as part of its star prize rewards in the ongoing 16th Season of the DiamondXtra rewarding scheme. The official car presentation event which took place at the bank’s Head Office in Lagos saw Onyeamechi Uchenna Modestus, an Owerri-based businessman who runs DiamondXtra Account […]
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In an economy where many people have given up on luxury, the current rise in prices of food items is becoming a national embarrassment as households face a life of hunger and starvation, reports Festus Akanbi. It is a sad irony that the reform programme of President Bola Tinubu, which was intended to reposition the […]
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Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has declared that the nation’s economy will hit $1 trillion economy by 2030. He made the declaration on Friday during his presentation on first half-year review of the Bank’s activities in 2024 before the Senate Committee on Banking, Insurance, and Other Financial Institutions. Affirming the […]
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Guaranty Trust Holding Company Plc (GTCO) has announced the opening of its offer for subscription of 9,000,000,000 ordinary shares of 50 kobo each at N44.50 per ordinary share (the Offer). This followed the clearance of the offer prospectus and registration of the offer shares by the Securities and Exchange Commission, Nigeria (SEC Nigeria). GTCO, in […]
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