Dangote Cement Sales Drop Amid Growing Chinese Competition
Africa’s biggest cement producer saw its sales in most of its markets decline in the first quarter of this year
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Author: Markets Reporters
Africa Finance Corporation Taps ex-Citi Boss Samuel-Ogbu as Chair
Africa Finance Corporation (AFC) has announced the appointment of Ireti Samuel-Ogbu as chair of its board of directors. She succeeds
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Record N349bn Hot Money Entered and Exited Nigerian Stocks in March
Foreign portfolio investment, also known as hot money, jumped to a record high of N349.97 billion in March from N18.05
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Stocks Halt Four-Day Winning Streak as Dangote Cement Leads Losers
Stocks fell on Friday for the first time in five trading sessions as Dangote Cement, the second-most valuable company on
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Lafarge Beats Dangote, BUA in Profit Growth as Cement Battle Rages
Lafarge Africa Plc, the third-biggest cement producer in Nigeria, recorded the highest growth in earnings in the first three months
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Loss at Stanbic IBTC Fintech Zest Widens to N508m in Three Months
Zest Payments Limited, the fintech subsidiary of midsize lender Stanbic IBTC Holdings Plc, saw its loss widen more than threefold
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Transcorp Power’s Quarterly Profit Jumps 50% as Generating Capacity Rises
Transcorp Power Plc, a subsidiary of Transnational Corporation Plc, saw its profit before tax rise to N43.3 billion in the
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AVCA, PEVCA Merge To Boost Private Capital in Nigeria
The African Private Capital Association (AVCA) and the Private Equity and Venture Capital Association, Nigeria (PEVCA) have announced a merger
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Nigeria Eyes Return to JP Morgan GBI-EM 9.5 Years After Removal
Nigeria is looking to return to the JP Morgan Government Bond Index-Emerging Markets (GBI-EM) on the back of major foreign
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UBA’s Loan Book Shrinks Amid Record-High Interest Rates
The United Bank for Africa saw its loans and advances to customers decline to N6.83 trillion in March from N6.95
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