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Daily Business News Brief – February 7th, 2024

7
Feb

BUA Cement, Sterling HoldCo, other drag equity market by N849bn – Punch
Losses recorded by BUA Cement, Sterling Financial Holding Company, Consolidated Hallmark Holdings, UPDC and The Initiates caused the Nigerian Exchange dipped on Tuesday.
The equity market lost N849bn underpinned on a 10 per cent dip in BUA Cement, Sterling Financial Holding Company (-9.85 per cent), Consolidated Hallmark Holdings (-10 per cent), real estate firm, UPDC and The Initiates (-9.79 per cent each)……………………………………… ……………………… .. . .,.. ………… …….. ………………… … .. …… ..  …. . ……….. ………. …………. . ….. . … …………….……..Read More
Dangote to list refinery, fertiliser companies –NGX Group chair – Punch
The Chairman of Nigerian Exchange Group, Dr Umaru Kwairanga, has disclosed that two companies in the Dangote Industries Group will be listed on the exchange soon.
Kwairanga made this revelation on Tuesday during a closing-gong ceremony in honour of the Senate Committee on Capital Market and Institution’s visit to the NGX headquarters in Lagos………………..,……. … …. …… . ……… . ……………… . …………………………. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
Airtel Africa Reports 9.1% Customer Growth, Subscribers Base Hits 151 Million – Independent
Airtel Africa, a subsidiary of Bharti Airtel operating in 14 African countries, has announced its results for the nine-month period ending December 31, 2023.
During this period, Airtel Africa witnessed a 9.1 percent increase in its total customer base, reaching 151.2 million. 
The company reported growth in both mobile data and mobile money services,………………………………………………………………………………………….. ……. .. ,…………… …… …………..,…………….. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
UAC bounces back to profit-making ways, posts profit of N12.7 billion in 2023 – Nairametrics
UAC Nigeria Plc recorded a pre-tax profit of N12.7 billion in 2023, marking a bounce back to profit-making ways after the group recorded a pre-tax loss of N4.4 billion in 2022.
According to UAC’s financial results for 2023, the group recorded a revenue of N118.7 billion, which reflects a 9% growth from the N109.3 billion posted in 2022……………………………………………….., ….. ……. .. ,…………… …… …………..,…………….. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
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