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Daily Business News Brief – March 6th, 2023


ICT stocks upset trend, contribute 31.5% to market turnover – Guardian
Investors gain N316b in five trading days
For the first time in several years, the ICT industry outweighed the banking sector to dominate transactions in volume terms at the end of last week’s trading on the floor of the Nigerian Exchange Limited (NGX)… ……………..……..Read More

Dangote, BUA Cementm Lafarge rake in N2.35 trillion revenue in 2022 – Nairametrics
The three major cement producers in Nigeria raked in a sum of N2.35 trillion as turnover in 2022, surpassing the N1.93 trillion recorded in the previous year by 21.60%. This is according to data complied by Nairalytics, the research arm of Nairametrics… …….. …………….……..Read More

Amid Economic Challenges, Dangote Cement, 10 Others Reward Shareholders With N899.2bn Dividend – Thisday
On the backdrop of severe macroeconomic challenges, Dangote Cement Plc, MTN Nigeria Communication Plc and nine other companies listed on the Nigerian Stock Exchange (NGX) have declared N899.2 billion dividend pay-out to shareholders for the financial year ended December 31, 2022 … …….. …………….……..Read More

Seplat shifts schedule of first gas from $700m ANOH plant – Guardian
Owing to some technical delays, Seplat Energy Plc, said it has shifted its schedule of first gas from the $700m ANOH Gas Processing Plant located on (Oil Mining Lease) OML 53 in Imo State to fourth quarter 2023… ………………..……..Read More

Dangote Sugar records N403.24bn revenue – Punch
Dangote Sugar refinery Plc has reported revenue of N403.24bn in its 2022 audited financial statement. The financial statement was released on the website of the Nigerian Exchange Limited. The N403.24bn recorded in 2022 as revenue went up by 46.07 per cent from the N276.05bn in 2021 … …………….……..Read More
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