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 […]
OPINION/EDITORIAL
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 […]
Oil Prices Jump As Russia And Saudi Arabia Extend Cuts
September 5, 2023/Oilprice.com Tom Kool Editor, Oilprice.com Oil prices jumped dramatically on Tuesday morning as Saudi Arabia announced it would extend its production cuts until the end of the year and Russia announced it would extend its export cuts of 300,000 bpd for the same period. Chart of the Week […]
