Prime Business Africa

Naira Falls Against Dollar In Black Market As Demand Increases In FX Market

Naira Strengthens Against Dollar In Official Window, Black Market

The black market recorded N1,419.83 kobo per $1 as the foreign exchange (FX) rate for the United States dollar (USD) on Thursday, March 12. The USD rate decreased by N6.17 kobo or 0.43 percent from the N1,426 per $1 recorded in the black

March 13, 2026

Bulls Charge Ahead As NGX Shatters Records As Market Cap Surpasses N50trn

Business·Top Stories

RT Briscoe Tops NGX Losers’ List, Guinness Among Gainers

The market capitalisation of the Nigerian Exchange (NGX) was N127.36 trillion on Friday, March 13, while the all-share index (ASI) closed at 198,407.3 ASI. Equity investors traded 591.04 million shares in 53,066 deals, valued at N35 billion on Friday. Top five gainers

March 13, 2026

Business·Top Stories

Financing Contracts’ Double-Digit Growth Helps Jaiz Bank Survive 353% Surge In Expenses

Jaiz Bank recorded over N102.07 billion gross earnings in 2025, up by 23.16 percent compared to the N82.87 billion generated in 2024, according to the company’s unaudited financial statements for 2025. In the financial statement, the company announced a N45,91 billion income

March 13, 2026

Business·Top Stories

Over N107bn Wiped Off NGX As UACN, Presco Shares Plunge

The value of the Nigerian Exchange (NGX), also known as the stock market, dropped to N125.75 trillion on Wednesday, March 11, below the N125.85 trillion reported on Tuesday, March 10. The N107.58 billion decrease was driven by a 0.08 percent decline in

March 12, 2026

Naira Ends Week With N30 Gain In Black Market: Hope For Naira?

Business·Top Stories

Dollar Trades At N1,426/$, Pound Sells At N1,926/£ In Black Market

The foreign exchange (FX) rate for the United States dollar (USD) dropped by N5.13 kobo to N1,426 per $1 in the black market, according to Naira Rates, the parallel market price aggregator, on Wednesday, March 11. According to the price aggregator, the

March 12, 2026

Business·Top Stories

Aliko Dangote’s Company Generates N152bn Revenue From Selling Salt

Nascon Allied Industries Plc (NASCON), a salt-producing company majorly owned by Aliko Dangote, generated N152.68 billion in revenue between January and December 2025, surpassing the N120.38 billion earned in 2024. The turnover grew by 27 percent, above the 21 percent year-on-year increase

March 12, 2026

Naira vs Dollar: What To Expect This Week (24th-30th, March 2025)

Business·Top Stories

Dollar Sells Above N1,400 Across Official, Black Markets

The foreign exchange (FX) rate for the United States dollar (USD) was N1,431.13 kobo per $1 on Tuesday, March 10, rising from N1,421 per $1 recorded on Monday, March 6. However, the pound and the euro traded flat at N1,926.14 kobo per

March 10, 2026

Business·Top Stories

NGX Market Cap Drops As Share Prices Of Mutual Benefit, NASCON, Others Decline

The market capitalisation of the Nigerian Exchange (NGX) closed at N125.85 trillion on Tuesday, March 10, falling below the N126.58 trillion recorded on Monday, March 9. Also, the all-share index (ASI) decreased from 197,196.97 ASI to 196,066.11 ASI. Traders exchanged 746.85 million shares

March 10, 2026

Business·Top Stories

Olorunshola, Anammah… Five Women Leading Nigerian Companies Worth Over N1trn

Out of 24 trillion-naira companies in Nigeria, only four are led by women, either as a board chair or chief executive officer (CEO), according to Prime Business Africa’s analysis of companies listed on the Nigerian Exchange (NGX). The companies led by women,

March 10, 2026

Business·Top Stories

FX Traders Increase Dollar Rate In Black Market, Official Window

The foreign exchange (FX) rate for the United States dollar (USD) in the parallel market was N1,421 per $1 on Monday, March 9, surpassing the N1,417.34 kobo per $1 recorded on Friday, March 6. Also, the pound traded at N1,926.14 kobo per

March 9, 2026

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Prime Business Africa

Naira Strengthens Against Dollar In Official Window, Black Market

RT Briscoe Tops NGX Losers’ List, Guinness Among Gainers

Financing Contracts’ Double-Digit Growth Helps Jaiz Bank Survive 353% Surge In Expenses

Over N107bn Wiped Off NGX As UACN, Presco Shares Plunge

Dollar Trades At N1,426/$, Pound Sells At N1,926/£ In Black Market

Aliko Dangote’s Company Generates N152bn Revenue From Selling Salt

Dollar Sells Above N1,400 Across Official, Black Markets

NGX Market Cap Drops As Share Prices Of Mutual Benefit, NASCON, Others Decline

Olorunshola, Anammah… Five Women Leading Nigerian Companies Worth Over N1trn

FX Traders Increase Dollar Rate In Black Market, Official Window

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