News Archives — Page 238 of 734

March 4, 2023 No Responses

Dangote Sugar Declares N82.3b Profit For 2022

For the year 2022 ended December 31, 2022, Dangote Sugar Refinery Plc has reported a Profit Before Tax (PBT) of N82.3 billion, indicating an increase of 142 per cent to N48.28 billion over N34 billion recorded in the corresponding period...

March 4, 2023 No Responses

SIFAX Group Appoints Ojeniyi Sky Capital GMD, Omajuwa Strategy Director

SIFAX Group Board has approved the appointment of Bode Ojeniyi as the Group Managing Director, Sky Capital Group, the financial services subsidiary of the Group while Oliver Omajuwa is now the Deputy Director, Strategy & Operations for SIFAX Group. A.....

March 4, 2023 No Responses

Bello-Koko: Tincan Port Fencing Will Enforce Automated Access Control Gate Usage

The Nigerian Ports Authority (NPA) on Friday said that the concrete fencing of Tincan Port would help enforce the usage of the automated access control gate. Mr Mohammed Bello-Koko, Managing Director, NPA, said this during a tour of the Tincan...

March 4, 2023 No Responses

Market Capitalisation Down By N77b

Trading activities on the Nigerian Exchange (NGX) on Friday turned bearish as bargain hunting in Seplat and 15 others drove the performance with a loss of N77 billion. In summary, the market capitalisation lost N77 billion, to close at N30.249...

March 4, 2023 No Responses

Naira Loses Further To Dollar By 0.08%

Naira exchanged at N461.75 to the dollar at the Investors and Exporters window on Friday. The rate represented a further depreciation by 0.08 per cent, compared with the N461.40 which it exchanged to the dollar on Thursday. The open indicative...

March 3, 2023 No Responses

NGX Group Declares N6.17b Revenue For 2022

The Nigerian Exchange Group Plc has recorded a revenue of N6.17 billion in its audited financial statement, ended December 31, 2022. The Group explained on Thursday that the figure represents an increase of 6.8 per cent Year-on-Year (YoY) when compa...

NGX: Ugochi Obi Makes WFE <strong>Women Leaders List For </strong>2023

March 3, 2023 No Responses

NGX: Ugochi Obi Makes WFE Women Leaders List For 2023

By Moses Ebosele, ebosele@hotmail.com — The World Federation of Exchanges (WFE), on Thursday, named the head of X-Academy, Nigerian Exchange (NGX), Ugochi Obi as one of the twenty women leaders for 2023. City Business News reports that the WFE...

March 2, 2023 No Responses

FG Approves Contracts For Transmission Company Of Nigeria

The Federal Executive Council (FEC) approved the procurement, design, installation and construction contracts and projects for the Transmission Company of Nigeria(TCN) on Wednesday in Abuja. Minister of Power, Alhaji Abubakar Aliyu, told State House correspond...

March 2, 2023 No Responses

Aisha Buhari Confident Of Tinubu’s Ability To Deliver

The wife of the President, Mrs Aisha Buhari, has expressed confidence on the ability of Nigeria’s President-Elect, Bola Tinubu, to deliver a country where unity, peace and progress is sustained. In a congratulatory message, which she personally signed ...

March 2, 2023 No Responses

Naira Gains 0.14% At Investors, Exporters Window

Naira exchanged at N461.35 to the dollar at the Investors and Exporters window on Wednesday. The rate represented an appreciation by 0.14 per cent compared with the N462 for which it exchanged to the dollar on Tuesday. The open indicative...

March 1, 2023 No Responses

INEC Declares Tinubu Winner Of Presidential Election

The Independent National Electoral Commission (INEC) has declared presidential flag bearer of the All Progressives Congress (APC), Sen. Bola Tinubu winner of Feb. 25 presidential election. Tinubu, who was former Governor of Lagos State, garnered total votes of...

March 1, 2023 No Responses

Four Ships Berth At Lagos Port With Petroleum Products

The Nigerian Ports Authority (NPA), on Tuesday disclosed that four ships had arrived the Lagos Port and are waiting to berth with petroleum products. It listed the petroleum products as jet fuel, automobile gasoline and petrol. The authority said that...

March 1, 2023 No Responses

Naira Exchanges For N462 To Dollar At Investors, Exporters Window

The Naira on Tuesday remained unchanged, exchanging at N462 to the dollar at the Investors and Exporters window. The local currency did not change from its value on Monday. An exchange rate of N462.50 to the dollar was the highest...

March 1, 2023 No Responses

NGX, PAPSS Sign MoU On Cross-Border Payments

Nigerian Exchange (NGX) and Pan African Payments Settlement System (PAPSS) on Tuesday signed a Memorandum of Understanding (MoU), to integrate the payments system that would boost cross-border securities transactions across African capital markets. Mr Temi Pop...