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BUSINESS NEWS
Business and Economic News from Nigeria
Traders are anticipating more stimulus packages under a blue party in power, and a more dovish central bank approach.
At the black market where forex is traded unofficially, the Naira appreciated against the dollar to close at N464/$1 on Friday.
Conoil Plc to pay a dividend of 200 Kobo per share, amounting to N1.388 billion.
The 40% increase in the sales volume drove profits up by 135.1%.
Dangote Cement Plc recorded a major boost in its sale of cement and clinker revenue-generating units, as total revenues increased.
PayPal's value dropped after trading on Monday when the tech brand Q4, 2020 earnings outlook came out unimpressive.
The Naira depreciated against the dollar to close at N463/$1 on Monday.
FG has approved N5 billion as bailout fund to the country’s aviation sector following the impact of the COVID-19 pandemic
Nestle Nigeria Plc recorded increased revenues from its two revenue-generating units.
In the recently released unaudited financial result, Arbico Plc recorded a whopping 402.6% loss after tax in the period under review.
Berger Paints Nigeria Plc recorded increased revenues from its two revenue-generating units.
Guinea Insurance Plc records 7.80% decline in revenues in 2020 9M.