PZ Cussons Nigeria returns to profitability as revenue rises
PZ Cussons Nigeria Plc has reported a profit before tax of N2.64 billion for the financial year ended May 31,
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Author: Markets Reporters
CBN’s naira defence threatened as forex reserves fall to $33.55bn
The ability of the Central Bank of Nigeria to defend the Nigerian currency has reduced on the back of the
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[EXCLUSIVE] Diesel price in Nigeria hits N280 per litre
The price of a litre of Automotive Gas Oil, popularly known as diesel, has risen to as high as N280
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Nigeria’s falling inflation contradicts market reality, says FDC
The drop in inflation rate in May for the second straight month contradicts market reality, analysts at Financial Derivatives Company
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Mutual Benefits posts 34% increase in annual profit
Mutual Benefits Assurance Plc has reported a profit before tax of N5.04 billion for the financial year 2020, up 34
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Sheraton Hotel Lagos not affected by tanker explosion – Ikeja Hotel
Ikeja Hotel Plc has said the tanker explosion that occurred on Thursday did not affect Sheraton Hotel Lagos facilities. The
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Custodian Investment offers to buy shares from UPDC’s shareholders
Custodian Investment Plc has offered to acquire over 34 million shares from the minority shareholders of UPDC Plc. Custodian Investment
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Naira wobbles, weakens again to 498 against dollar
The Nigerian currency weakened again at the parallel market on Friday after recording gains against the dollar in two consecutive
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Lafarge Africa redeems N33.6bn bond
Lafarge Africa has announced the redemption of its matured N33.6 billion bond due on June 15, 2021. The company said
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Capital Hotels agrees to sell 51% stake to 11Plc
The board of directors of Capital Hotels Plc has agreed to sell 51 percent stake in the company to 11
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