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Dangote Sugar Posts N82.3bn Profit in 2022
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    Dangote Sugar Posts N82.3bn Profit in 2022
    Economy Watch

    Dangote Sugar Posts N82.3bn Profit in 2022

    March 6, 202301148

    Dangote Sugar Refinery Plc has reported a profit before tax (PBT) of N82.3 billion in the year ended December 31, 2022, indicating an increase of 142

    Seplat Energy’s 2022 FY Revenue Grows by 29.8% to N403.9bn
    Economy Watch

    Seplat Energy’s 2022 FY Revenue Grows by 29.8% to N403.9bn

    February 28, 202301149

    …Gross profit hits N197.2bn, rising by 63%  …Declares US15 cents per share full-year dividend  Seplat Energy Plc, a leading Nigerian independent energ

    Dangote Cement Plc Makes Profit of N382 Billion in 2022
    Economy Watch

    Dangote Cement Plc Makes Profit of N382 Billion in 2022

    February 28, 202301549

    Dangote Cement Plc has reported profit of N382 billion for the year 2022, according to the company’s financial report. The 2022 profit represent a 4.9

    NBS Reveals Nigeria Tepid Economic Growth as Oil Sector Shrink
    Economy Watch

    NBS Reveals Nigeria Tepid Economic Growth as Oil Sector Shri...

    February 23, 202301247

    Nigeria’s economic growth slowed to 3.52% in the fourth quarter from 3.98% a year earlier (NGGDPQ=ECI), as widespread flooding destroyed farms, oil pr

    NBS says Petrol Price Increased by 54.52% in One Year
    Economy Watch

    NBS says Petrol Price Increased by 54.52% in One Year

    February 21, 202301195

    National Bureau of Statistics (NBS) says the average retail price paid by consumers for Petrol increased from N166.40 in January 2022 to N257.12 in Ja

    CBN Debunks Instructing Banks to Collect Old N500, 1,000 Notes
    Economy Watch

    CBN Debunks Instructing Banks to Collect Old N500, 1,000 Not...

    February 17, 202301116

    The attention of the Central Bank of Nigeria (CBN) has been drawn to some fake and unauthorized messages quoting the CBN as having authorized the Depo

    IMF Urges Nigeria to Consider Extending Banknote Swap Deadline
    Economy Watch

    IMF Urges Nigeria to Consider Extending Banknote Swap Deadli...

    February 8, 202301032

    The International Monetary Fund said on Wednesday that Nigeria should consider extending a deadline to swap old banknotes because of the disruption to

    NBS says FG Earns N3.63b from Postal Services
    Economy Watch

    NBS says FG Earns N3.63b from Postal Services

    February 7, 20230956

    The National Bureau of Statistics (NBS) has said the Nigerian Postal Service raked in N3.63 billion in 2021. The collection dipped by 22.79 percent co

    Court Bars CBN from Extending Deadline for Use of Old Naira Notes
    Economy Watch

    Court Bars CBN from Extending Deadline for Use of Old Naira ...

    February 6, 202301129

    In what appears to be a new twist over the redesigning of naira notes which has caused hardship in the country either to withdraw or receive cash, the

    CBN Directs Commercial Banks to Start Payment of New Notes over the Counter
    Economy Watch

    CBN Directs Commercial Banks to Start Payment of New Notes o...

    February 2, 202301212

    In a bid to ameliorate the plight of Nigerians who are finding it hard to get the redesigned currency, the Central Bank of Nigeria (CBN) has directed

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