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MTN and Airtel’s FX-induced N511bn loss obscures strong Q1 performance
Strong underlying performances by Nigerian telecommunications businesses listed on the stock exchange in the first quarter of 2024 were overshadowed by foreign exchange losses.
Strong...
Nigeria looks for strategic alliance in US agriculture and food security
Minister of Foreign Affairs for Nigeria, Yusuf Tuggar, has reaffirmed that the Federal Government is committed to guaranteeing food security and encouraging the expansion...
Airtel Records $549M Foreign Exchange Loss on Naira, Kwacha Devaluation
Airtel Africa, Nigeria's second-largest telecoms operator, recently announced substantial financial setbacks due to currency depreciation in important markets such as Nigeria and Malawi.
For the...
AU: $15B Needed for Boosting Mineral Fertilizer Manufacturing in Africa
According to the African Union (AU), a $15 billion investment from the private sector is needed to ensure that the production of mineral fertilizers...
BUA and Dangote Energy prices for cement to hit N238 billion in Q1 2024 as inflation and currency rates rise
The first quarter (Q1) ended March 31, 2024, saw a staggering N238.437 billion expenditure on gasoline and electricity by Dangote Cement Plc and BUA...
