Four Nigerian downstream firms listed on the Nigerian Exchange Group recorded growth in after-tax profit and sales in the nine months of 2024, which can be attributable to the removal of fuel subsidy.
The firms’ sales jumped by 94.9 percent while after-tax profit grew 66.8 percent during the re
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Folake Balogun
Folake Balogun is a tech journalist covering Africa’s fast-growing digital economy with a strong focus on incisive analysis of startup trends, venture capital, and fintech innovation, while also exploring emerging technologies such as artificial intelligence and the future of connectivity by highlighting their economic and social impact.
