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UBA Overtakes Dangote Cement to Become Most Profitable Listed Company
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In the first six months of 2023 alone, United Bank for Africa (UBA) Plc generated a net income of N378.23 billion, making it the...
Foreigners Shun Tinubu’s N6.9 trillion Stock Rally as Locals Lead Charge
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It’s been a bull run for the ages in Nigerian stocks since President Bola Tinubu was sworn-in on May 29, but foreign investors are...
AIICO Insurance Ranked the Largest Insurer in Nigeria
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After taking the spot from Leadway Assurance in 2022, the latest data from MoneyCentral shows AIICO Insurance Plc still remains Nigeria’s largest insurer by...
Banks Seek Piece of Stanbic Pensions Pie as Asset Management Fees Hit N33bn
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Nigerian Banks are seeking to get a piece of the lucrative Pensions business built by tier-two lender Stanbic IBTC, which booked impressive asset management...
NNPC $3bn AFREXIM Loan Deal Stalls as Lenders Hesitate
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The $3 billion crude repayment loan the Nigerian National Petroleum Corporation (NNPC) Limited announced it sealed with the African Export-Import (Afrexim) Bank has reportedly...
Dangote Cement Prices 17% Cheaper Than Global Average Data Shows
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…Naira devaluation, shipping to increase costs of imported cement
PATRICK ATUANYA
The sales price of Dangote Cement is 17.22% cheaper on average when compared to prices...
NSIA 2022 Annual Report: FGF Loses N18.93bn as Operating, Travel Expense Jump
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…plus the good, bad and ugly
The Future Generation Fund (FGF), the largest component of funds by assets managed by the Nigeria Sovereign Investment Authority...
BUA Foods Overtakes Nestle to Become Most Profitable Consumer Goods Firm
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BUA Foods Plc, a firm that lists on “the exchange” NGX on January 5, 2022, has overtaken Nestle Nigeria to become the most profitable...
Nigerian Firms FX Losses Hit N716.8bn on Naira Devaluation
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…MTN, Nestle, Airtel book biggest charge
…impact to continue into second half, 2023
DOZIE IFEBI
Nigerian stocks which have rallied hard since the implementation of major reforms...
Nigerian Banks 10x Valuation Gap vs South Africa, a Reality Check for Access, GTCO
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…continental expansion dreams
All 13 listed Banks on Nigeria’s equity market have a market capitalization 10 times less than their South African peers, according to...