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Daily Business News Brief – October 31st, 2022

Home   /   Business News Brief   /   Daily Business News Brief – October 31st, 2022
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October 31, 2022
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in Business News Brief
UBN, Julius Berger, Others Raised N576.29bn CPs on FMDQ Exchange in Nine Months  – Thisday
As public offerings seem to be out of fashion following investors attitude towards the equities market, firms have found refuge in Commercial Papers (CPs).  In the last nine months, companies operating in several sectors of the Nigerian economy raised a whopping sum of N576.29billion via CPs with many more embracing the short-term debt financing security…………..Read More
Dangote Cement Q3 sales rose by 6.2% – Punch
Dangote Cement on Sunday said it grew its overall volume of cement sales by 6.2 per cent to 20.8metric tons amid growing inflation and a volatile global environment in the first nine months of 2022. The company said in a statement that it embraced alternative fuel to cut costs.  It said it also commissioned its power plant at Okpella and was progressing well to deploy grinding plants in Ghana and Cote d’Ivoire.………..Read More
Despite Challenging Environment, MTN, Dangote Cement, 20 Others Reported N1.97trn PBT in Q3 – Thisday
Despite harsh operating environment, MTN Nigeria Communications Plc, Dangote Cement Plc and 20 others companies in the banking, cement manufacturing, Fast-Moving Consumer Goods (FMCG), petroleum marketing sectors, among others reported Profit Before Tax (PBT) of N1.97trillion in nine months of 2022.  The 22 companies’ nine months of 2022 combined PBT is about 15 per cent higher than the N1.72 trillion PBT recorded in the same period in 2021……...Read More
Dangote Sugar Posts N36.27bn Profit in 9 Months – Thisday
Dangote Sugar Refinery Plc has announced a profit before tax (PBT) of N36.27 billion for the nine months ended September 30, 2022.  According to the sugar refiner’s unaudited results posted on the Nigerian Exchange Limited (NGX) portal, PBT rose by N13.17 billion compared to N23.10 billion posted in the corresponding period in 2022…………Read More
Lafarge Africa’s Net Income Up 11.2% to N44.9bn – Thisday
Lafarge Africa Plc has announced a net income of N44. 9 billion for the nine months ended September 30, 2022 as against N40.39 billion reported in nine months of 2021. The company’s unaudited results announced on the Nigerian Exchange Limited (NGX) showed an increase of 11.2 per cent…………Read More
fake richard mille
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