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    Unilever Forced to Buy Dollars at 9% Above Market in Nigeria

    Bloomberg) -- Unilever Nigeria Plc is being compelled to buy dollars above the market rate because rationing of foreign-exchange by the West African nation’s...

    Pan-African Mortgage Lender Returns to Market for $1.25 Billion

    Shelter Afrique plans to return to the market to raise $1.25 billion in local-currency bonds by the end of the year as the pan-African...

    Dangote-owned sugar firm plans $1bn expansion

    Dangote Sugar Refinery, owned by Africa’s richest man Aliko Dangote, plans to spend $1-billion on expansion after Nigeria’s central bank made his firm one...

    Unilever Nigeria grows profit by 60% in six months

    Unilever Nigeria Plc has said its gross profit rose by 60 per cent to N9.9bn for the six-month period ended June 30, 2021 from...

    Insurance Firm Grosses N6.8bn Premium, Announces Dividend Payment to Shareholders

    Anchor Insurance Company Limited, said it grossed N6.8billion premium in the year ended December 31,2020. This represents 61per cent growth compared with N4.2billion premium raked...

    PepsiCo to sell Tropicana and other juice brands for $3.3 billion

    PepsiCo agreed to sell Tropicana, Naked and other North American juice brands for pretax cash proceeds of $3.3 billion. Pepsi will also receive a 39%...

    BUA Cement H1 mid-year sales hit N124 billion as real estate boom despite lockdowns

    The turnover of BUA Cement PLC from the inception of the year to June touched N124.3 billion, with the height of growth approaching one...

    Dangote Cement Sales Jump to Record on African Demand Rush

    Dangote Cement Plc, Africa’s largest producer of the building material, posted record revenue in the first half of the year as demand revived at...

    Coronation Merchant Bank seeks N25b short-term debts

    Coronation Merchant Bank Limited has launched two new tranches of commercial papers to raise about N25 billion. The series 19 and 20 commercial paper issuances...

    Dangote Cement’s $1bn Plant Set to Commence Operations in Okpella

    Dangote Cement Plc’s $1 billion six million Metric Tonnes Per Annum (MTPA) facility has been completed and is set for commissioning in Okpella, Edo...

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