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Dangote Cement’s half-year profit hits N190bn as revenue jumps 85%

July 25, 2024July 25, 2024 Markets Reporters 0 Comments Aliko Dangote, Dangote Cement

Dangote Cement Plc, Africa’s largest cement producer, posted a 6.3% increase in its profit after tax to N189.9 billion for

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Economics FEATURED Latest TOP STORIES 

Senate invites NNPC, CBN, NIMASA, Dangote, others for questioning 

July 25, 2024July 25, 2024 Markets Reporters 0 Comments Aliko Dangote, NNPC, Senate

The Senate has revealed its plan to invite the Central Bank of Nigeria, Nigeria Port Authority, Nigerian National Petroleum Company

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FEATURED Latest Stocks TOP STORIES 

Airtel Africa swings to profit despite weaker Nigerian naira’s impact

July 25, 2024July 25, 2024 Markets Reporters 0 Comments Airtel Africa, Sunil Taldar

Airtel Africa Plc reported a profit after tax of $31 million for the quarter ended June 30, compared with a

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FEATURED Latest Money TOP STORIES 

Nigeria’s windfall tax on banks’ forex gains is credit negative: Moody’s

July 24, 2024July 24, 2024 Markets Reporters 0 Comments Moody’s, Nigeria windfall tax

The proposed windfall tax on Nigerian banks by the government will significantly reduce the profits available to the lenders for

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Energy FEATURED Latest TOP STORIES 

Dangote refinery deserves government protection, says MAN

July 24, 2024July 24, 2024 Markets Reporters 0 Comments Aliko Dangote, Dangote refinery, Manufacturers Association of Nigeria, Segun Ajayi-Kadir

The Manufacturers Association of Nigeria has said Dangote refinery is deserving of government protection and support. MAN expressed concern over

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FEATURED Latest Stocks TOP STORIES 

Transcorp Hotels’ half-year profit nearly triples

July 24, 2024July 24, 2024 Markets Reporters 0 Comments Transcorp Hotels

Transcorp Hotels Plc posted a 188% increase in its profit before tax for the first half of this year compared

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FEATURED Latest Money TOP STORIES 

CBN’s latest decision seen piling pressure on banks

July 23, 2024July 23, 2024 Markets Reporters 0 Comments asymmetric corridor, CBN, MPR, Nigerian banks

The decision by the Central Bank of Nigeria to tweak the asymmetric corridor around the monetary policy rate (MPR) is

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Economics FEATURED Latest TOP STORIES 

Supporting local champions like Dangote key to Nigeria’s development – Otedola

July 23, 2024July 23, 2024 Markets Reporters 0 Comments Aliko Dangote, Femi Otedola

Amid the dispute between Dangote Group and regulators in the oil sector, Femi Otedola, chairman of Geregu Power Plc, has

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FEATURED Latest Money TOP STORIES 

CBN slows down rate hiking, delivers 50bps increase

July 23, 2024July 23, 2024 Markets Reporters 0 Comments CBN rate hike

The Central Bank of Nigeria has increased its monetary policy rate, also known as the key interest rate, by 50

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FEATURED Latest Money TOP STORIES 

50-100bps rate hike likely as MPC concludes meeting – CSLS

July 23, 2024July 23, 2024 Markets Reporters 0 Comments CBN MPC, CBN rate hike, CSL Stockbrokers

The Central Bank of Nigeria (CBN) is anticipated to sustain its contractionary monetary measures as it concludes its fourth Monetary

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