September 6, 2023/FBNQuest According to the data from the Nigerian Communications Commission (NCC), the number of active mobile lines in Nigeria increased by slightly over 774,000 (+0.4%) m/m to almost 221 million in Jul ‘23. This marks the first monthly rise in mobile connections since Feb ‘23 when the number […]
OPINION/EDITORIAL
AMCON: End in Sight?
September 6, 2023/CSL Research News reports citing the Finance and Coordinating Minister of the Economy Wale Edun say the federal government is working towards ensuring the Asset Management Corporation of Nigeria (AMCON) is wound down as soon as possible. The Minister, however, noted that the ability of the bad bank […]
The Dangote Foods Merger: Another Behemoth?
September 5, 2023/Cordros Report On July 31, 2023, following deliberations by their respective boards, Dangote Sugar Refinery Plc (DANGSUGAR), NASCON Allied Industries Plc (NASCON) and Dangote Rice Limited (DRL) announced the proposed merger of the entities to form one enlarged company, with DANGSUGAR becoming the surviving entity. Whilst the merger […]
