By Radarr Africa Business Desk LAGOS, October 31 (Radarr Africa) – BUA Cement Plc reported a 60% rise in profit after tax to N463.1 billion for the nine months to …
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Business & Markets
By Radarr Africa Business Desk LAGOS, October 31 (Radarr Africa) – Guaranty Trust Holding Company (GTCO) reported a 12.16% fall in profit after tax to N614.57 billion for the nine …
Nigeria’s supermarket industry is facing increased competition as Shoprite shifts towards smaller neighbourhood stores, putting it in more direct competition with local retailers such as Bokku! Mart and Justrite. The …
- BusinessBusiness & MarketsBusiness and Investment
Dangote’s Wealth Rises to $55.4bn as Cement Leads NGX
Aliko Dangote’s estimated net worth has climbed to $55.4 billion following a strong rally in Dangote Cement shares, which has restored the company’s position as Nigeria’s most valuable listed business. …
- AfricaAfrica EconomyAFRICA NEWSAfrican AffairsBusinessBusiness & MarketsSouth AfricaSouth Africa Economy
South Africa Faces Real Risk of Returning to FATF Grey List, Business Group Warns
By Radarr Africa Business Desk LAGOS, October 29 (Radarr Africa) – South Africa faces a significant risk of returning to the Financial Action Task Force (FATF) grey list barely a …
- BusinessBusiness & MarketsBusiness and EconomyNews
Commercial Paper Market Tops N1.9trn as SEC Pitches It as Route to IPOs
By Radarr Africa Business Desk LAGOS, October 29 (Radarr Africa) – Nigeria’s commercial paper market has grown beyond N1.9 trillion, the Director-General of the Securities and Exchange Commission (SEC), Emomotimi …
- BusinessBusiness & MarketsBusiness and Investment
Dangote Refinery Closes N2.15trn IPO With Applications From 120 Countries
By Radarr Africa Business Desk LAGOS, October 28 (Radarr Africa) – Dangote Petroleum Refinery and Petrochemicals closed its initial public offering (IPO) on Tuesday, October 27, with investor applications from …
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NGX Group Nine-Month Profit Jumps 83% to N20.58bn as Trading Fees Double
By Radarr Africa Business Desk October 26 (Radarr Africa) – NGX Group Plc, the parent of the Nigerian Exchange, posted a profit before tax of N20.58 billion for the nine …
- BusinessBusiness & MarketsBusiness and InvestmentUncategorized
Dangote Refinery IPO Closes Tomorrow After Extension, N2.15trn on Offer
By Radarr Africa Business Desk October 26 (Radarr Africa) – The subscription window for the Dangote Petroleum Refinery initial public offering (IPO) closes on Tuesday, October 27, after the Securities …
Nigeria’s confirmation of an Ebola case in the Federal Capital Territory (FCT) has sparked concerns among business owners over possible disruptions to travel, cross-border trade, investment and commercial activities as …