Author Archives: Ruth Omoteso

The Nigerian stock market on Wednesday bounced back after a marginal declined on Tuesday to close higher, buoyed by gains in Dangote Cement, MTN Nigeria and other 41stocks as the All Share Index grew by 1.99% to stand at 52,838.45 points against the previous close of 51,805.41 points. The market capitalisation grew by N563 billion or 2.02% […]

Airtel Africa on Wednesday published its Fourth Quarter report for the year ended 31 March 2022. Revenue of the telecom giant grew by 21% for the year to $4.714 billion (N1.96 trillion) from $3.888 billion (N1.62 trillion) reported the previous year. According to the report, constant currency underlying revenue growth was strong in all regions: Nigeria up[…]

BUA Foods Plc has taken delivery of the first of two shipping vessels to augment its sugar export operations to the West African market, which kicked off successfully earlier this year. BUA Food’s export of refined sugar will benefit the economy, providing alternative source of income, while significantly diversifying the company’s markets. The vessels will depart and[…]