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Dangote Records N332 billion Trade Value In One Day
Dangote Cement closed its trading session at N240.00 per share and N4.089 trillion in market capitalization in one day. According to reports, on Wednesday, November 3, 2022, the largest cement manufacturers in Sub-Saharan Africa recorded N332 billion in trading values at N240.00 per share and N4.089 trillion in market capitalization. Dangote also stock grew by…
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Food Prices Increased In September 2022
The National Bureau of Statistics has said that prices of selected food items in September 2022 increased. This was contained in the NBS Selected Food Prices Watch Report for September 2022. The report said that the average price of 1kg of Tomato on a year-on-year basis, increased by 30.06 per cent, from N342.25 recorded in…
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Ghana’s Cedi Becomes World’s Worst Performing Currency
According to Bloomberg, Ghana’s Cedi depreciated as much as 3.3% taking its losses this year to more than 45%, the most among 148 currencies tracked by Bloomberg. The currency has overtaken the losses of the Sri Lankan rupee, which recently slid nearly 45% against the greenback this year. In the past two months, Ghana has…
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Businesses Owned By Students Are Crumbling Under Nigeria’s Economy
As the country’s economic metrics have continued to maintain its upward trend, Nigerian students who combine academics with entrepreneurship are facing setbacks in growing their business. For Twentyten Daily, Quadri Yahya spoke to some of these students facing this hardship. In October 2022, Sarah Adegboyega, who owns a fashion accessories store, was making a profit…
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Discos Remit N291bn To CBN In Eight Months
Data obtained from the Nigerian Bulk Electricity Trading has shown that the eleven electricity distribution companies in Nigeria remitted a total of N291 billion to the Central Bank of Nigeria within the space of eight months. The data said that the Discos remitted N291 billion out of the N526 billion invoice for electricity that was…
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PMI Drops Marginally By 0.1 Points
Stanbic IBTC PMI report has shown that the Purchasing Managers Index, PMI, which gauges the level of activities in the real sector, has dropped marginally by 0.1 percent to 53.6 points in October 2022 from 53.7 in September. In the headline figure derived from the survey readings above 50.0 signal positive direction in business conditions…
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Nigeria Telecommunication Technical and Operations Analysis
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Nigeria State and Lga Financial Analysis
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Nigeria Budget Analysis
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Nigeria Development Analysis (Urban development and General Household)