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BUA FOODS
BUA Foods, following its recent release of H1 2023 results, has demonstrated an impressive performance that maintains its trajectory of growth.
Nigerian cement giant company, Dangote Cement overtook MTN Nigeria as the most valuable company in the country with a valuation of N5.99 trillion ($7.9 billion) as of the end of July 2023.
The Board of Directors of BUA foods plc has anounced the appointment of Mrs. Yemisi Lowo-Adesola as an independent non-executive Director of the company in a statement this afternoon.
BUA Foods reported its 2023 second-quarter results showing pre-tax profits grew by 289.61% year on year, reaching N61.81 billion.
In a remarkable display of commitment to the Nigerian agricultural sector
At the close of market activities for the week, the combined market capitalization of SWOOTs appreciated by 3.81% to close at N20.617 trillion from N19.859 trillion the previous week, reflecting a gain of N757.17 billion.
Nestle Nigeria, BUA Foods, and Nigeria Breweries were the top three FMCG companies in Nigeria that paid the highest income tax in the first quarter of 2023.
SWOOTs, known as stocks worth over one trillion, which include Airtel Africa and MTN Nigeria among others, saw a slight dip in their combined market capitalization.
At the close of market activities for the week, the combined market capitalization of SWOOTs appreciated by 5.64% to close at N19.898 trillion from N18.835 trillion the previous week, reflecting a marginal gain of N1.062 trillion.
The NGX All-Share Index and Market Capitalization appreciated by 1.51% to close the week at 52,973.88 and N28.845 trillion respectively
Access Bank Plc is set to acquire yet another bank, even as it has consolidated its stakes in E-tranzact Plc.
Nigeria’s leading consumer goods company and currently the most profitable business in the food manufacturing division has explained how it was able to generate 71% revenue growth in its Sugar division.