Forex Crisis: Nigeria’s ID4D Project Gains N8.6bn From Currency Devaluation In 2023Â
By Dickson Pat
Devaluation of the Naira resulted in a forex gain of N8.6 billion for the Nigeria Identification for Development ,ID4D, project, through which...
Fitch Downgrades Dangote Industries, lndicts Coy’s Inability To Repay Debt
By Yahaya Umar
Fitch Ratings has downgraded Dangote Industries Limited due to the significant deterioration in the group’s liquidity position following lower-than-expected disposal proceeds, operational...
Foreign Inflow To NGX Rises $161.4m In First Half Of 2024
By Charles Ebi
Foreign portfolio inflow into the Nigerian Exchange ,NGX, in the first half of 2024 was about $161.4 million, representing a 14% year-on-year...
Nigeria’s Gas Output Rises 3.5% To 156.95 BSCF In June 2024
Nigeria’s gas output for June 2024 rose by 3.5% to 156.952 billion standard cubic feet ,BSCF, from the 151.632 billion SCF recorded in the...
Dangote, BUA, Lafarge Earned N2.4tn From Cement Sales Amid Drop In Profits
By Aliyu Galadima
Nigeria’s three biggest cement manufacturers are witnessing mega increase in their sales revenue which rose over N2.4tn in June 2024 but the...