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    FG bans importation of refined sugar, its derivatives from Free Trade Zones

    The Federal Government has banned the importation of refined sugar and its derivatives from the country’s Free Trade Zones (FTZs). The action of the Federal Government is part of its efforts to protect the sugar industry which is governed by the Nigerian Sugar Master Plan (NSMP). The ban is...
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    Nigeria stock exchange changes website address to https://ngxgroup.com/

    The Nigeria stock exchange formerly known as www.nse.com changed its website to www.ngx.com. For two days , people were not able to access the website. It has error messages bad 404 and 502
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    Nigeria’s most valuable bank, GTBank posts a Profit After Tax of N201 billion

    GTBank, Nigerian most valuable bank via the Nigerian Stock Exchange released its 2020 Audited results for the period ended December 31st, 2020, and reported its profit after tax grew by 2.3% to N201.4 billion. The Tier-1 bank’s bottom-line increase reflected FX revaluation gains in the last...
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    Food inflation rate in Nigeria surges to highest in over 15 years

    Nigeria’s food inflation rate surged to 21.79% in February 2021, which is the highest rate recorded in Nigeria since October 2005—exactly 15 years and 4 months ago. The February 2021 CPI and Inflation Report as released by the National Bureau of Statistics (NBS) revealed that the rise in the...
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    Dangote’s stakes in his sugar enterprise has earned him N90 billion in 365 days

    Stakes held by Aliko Dangote – the founder of Africa’s most diversified manufacturing conglomerate, Dangote Industries Limited – in Dangote Sugar Refinery Plc (DSR) has added about N90 billion to his wealth in a year. The billionaire whose wealth peaked at $18.4 billion this year, is the single...
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