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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...
Access Corporation gives its top executives over 23 million shares
Under its Restricted Share Performance Plan (RSPP), Access Corporation, the largest bank in Nigeria in terms of total assets, recently granted share options to...
Shell Nigeria gave FG $1.09 billion in taxes and royalties in 2023 – Official
Shell has disclosed that it made a substantial financial contribution to Nigeria's economy in 2023 by paying the Federal Government $1.09 billion in corporate...
