02

Sep

Business & EconomyDangote Sugar to expand production capacity

President of Dangote Group, Aliko Dangote said the company was embarking on Phase II of its sugar project, which will then cover over 100,000ha to make the sugar plant, the largest in Africa. According to the business tycoon, Dangote Sugar Refinery Plc is planning to significantly reduce the importation of sugar into the country by 40 per cent, thus […]

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02

Sep

Nigeria’s capital importation grew by 75.34% in Q2 2022

The Nation Bureau of Statistics has reported that the total value of capital importation into Nigeria in the second quarter of 2022 stood at $1.535 billion from $875.62 million in the corresponding quarter of 2021, showing an increase of 75.34%. When compared to the preceding quarter, capital importation decreased by 2.40% from US$1,573.14 million. The largest amount[…]

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02

Sep

Stock market advances by 0.11%, as investors gain N29bn

Transactions on the floor of the Nigerian Stock Market on Thursday closed on a positive note as the All Share Index advanced by 0.11% to close at 49,889.80 points from the previous close of 49,836.51 points on Wednesday. Investors gained N29 billion as the Market Capitalisation grew by 0.11% to close at N26.909 trillion from the previous[…]

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