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United Capital Soars! Up 42.78% as Investors Chase Dividends

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The Nigerian Stock Exchange (NGX) saw a strong week ending July 19th, 2024, with the All-Share Index climbing 0.87% to reach 100,539.4 points. This marks the highest point for the index since mid-April, indicating a positive trend in the Nigerian stock market. United Capital Plc emerged as the week’s champion, experiencing a significant surge in […]

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Dangote Out of Steel Race: Opens Door for Local Investors

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Aliko Dangote announced the company’s decision to scrap plans for entering Nigeria’s steel industry. , the owner of Dangote Group, threw a curveball on Saturday. This surprising move comes amidst tensions with the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). Recall that the NMDPRA chief, Farouk Ahmed, raised concerns about relying solely on Dangote’s

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