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FebDangote Cement Plc has notified the Nigerian Exchange Limited (NGX) and all stakeholders of its plan to invest USD 400 million to upscale a second production line at its Mugher cement plant in Ethiopia. This expansion aims to double the facility’s annual production capacity to 5 million tons and is expected to become operational within 30 months. […]
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FebThe Nigerian stock market on Wednesday closed higher as the All Share Index rose by 0.87% to close at 108,609.51 points from the previous close of 107,670.98 points. The Market Capitalisation appreciated by 0.75% to close at N67.684 trillion from the previous close of N67.179 trillion, thereby adding N505 billion. An aggregate of 343.7 million units of[…]
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FebThe Dangote Refinery has announced a reduction in the cost of its diesel, lowering the gantry price from N1,075 per litre to N1,020 per litre. Additionally, the company has cut its ex-depot price for petrol from N950 per litre to N890 per litre. According to the company, this price reduction is part of its ongoing efforts to[…]
