Prime Business Africa

CBN Insists On June 3 Recapitalisation Deadline For BDCs

Naira Depreciates In Official Window, Trades At N1,449 Per Dollar

The foreign exchange (FX) rate for the United States dollar (USD) appreciated by N1.5 kobo to N1,449/$ on Thursday, December 4, in the Nigerian foreign exchange market (NFEM), also known as the official window. The USD rate surpassed the N1,447.5 kobo per

December 4, 2025

Aliko Dangote, Abdulsamad Rabiu Loses $5.85 billion To Naira Devaluation

Business·Top Stories

Abdul Samad Rabiu Outearned Aliko Dangote By N670bn In Q3 2025

Abdul Samad Rabiu, the founder and chairman of BUA Cement, outearned his market rival, Aliko Dangote, the founder and chairman of Dangote Cement, by N670.28 billion in the third quarter (Q3) of 2025. According to Prime Business Africa’s analysis, BUA Cement’s share

December 4, 2025

N3.57bn FX Loss, Trading Gain Decline... Why Cornerstone Insurance's Profit Dropped By 67%

Business·Top Stories

Cornerstone Insurance Records N37.11bn Revenue — But Profit Drops By 68.72%

Cornerstone Insurance Plc has disclosed that its revenue increased by 39.08 percent to N37.11 billion between January and September 2025, exceeding the N14.23 billion turnover recorded in the same period in 2024. The insurer revealed the growth in its consolidated and separate

December 4, 2025

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 18th August 2025

Business·Top Stories

Dollar Trades At N1,447.5/$, Pound At N1924.4/£ In Official Window

The naira was relatively stable on Wednesday, December 3, as the foreign exchange (FX) rate for dollar increased marginally by N0.5 kobo on the Nigerian foreign exchange market (NFEM). According to data obtained from the Central Bank of Nigeria (CBN), the naira

December 3, 2025

ATM Withdrawal Fee: Crisis In Making For Small Businesses?

Business·Top Stories

CBN Raises ATM, POS Cash Withdrawal Limit, Issues 10 Directives To Banks

The Central Bank of Nigeria (CBN) has increased the cash withdrawal limit on automated teller machines (ATMs) and point of sale (POS) devices to N500,000 weekly for individuals and N5 million for corporates. In a statement on December 2, CBN also said

December 3, 2025

Fidelity Bank Kicks Off N127 Billion Public Offer, Rights Issue Today

Business·Top Stories

Fidelity Bank Is Least Performing Bank Stock In Q3 2025

Fidelity Bank was the least performing bank on the Nigerian Exchange (NGX) Limited, also known as the stock market, in the third quarter (Q3) of 2025. According to Prime Business Africa’s (PBA) analysis, out of 11 banks covered in the stock market,

December 3, 2025

Business·Top Stories

Over N1.28trn Gain Recorded As Dangote Cement, NCR Lead NGX Rebound

The Nigerian Exchange (NGX) Limited rebounded on Tuesday, December 2, with a N1.28 trillion gain, as the stock market capitalisation increased to N92.37 trillion, from N91.08 trillion recorded on Monday, December 1. Similarly, the all-share index (ASI) appreciated by 1,718.03 basis points,

December 2, 2025

Naira Records Marginal Gain As External Reserves Hit $41.27bn In August

Business·Top Stories

Dollar Depreciates Against Naira In Official Window, Trades At N1,473/$ In Black Market

The United States dollar (USD) depreciated against the naira on Tuesday, December 2, as the foreign exchange (FX) rate closed trading at N1,447/$. Data covering the Nigerian foreign exchange market (NFEM), released by the Central Bank of Nigeria (CBN), showed that the

December 2, 2025

Business·Top Stories

Five Out Of Six Oil Companies Performed Woefully On NGX In Q3 2025

Shareholders of Eterna Plc, Oando Plc, Conoil, Total Nigeria and Seplat Petroleum ended the third quarter (Q3) with significant losses, compared to those of Aradel Holdings on the Nigerian Exchange (NGX) Limited. However, despite five out of six oil companies’ stocks declining

December 2, 2025

Business·Top Stories

Gap Between Official Window, Parallel Market Dollar Rates Widens To N23

In the official window on Monday, December 1, the foreign exchange rate for the dollar increased by N3.1 kobo after the naira depreciated by 0.21 percent at the close of trading. According to data obtained from the Central Bank of Nigeria (CBN),

December 1, 2025

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Prime Business Africa

Naira Depreciates In Official Window, Trades At N1,449 Per Dollar

Abdul Samad Rabiu Outearned Aliko Dangote By N670bn In Q3 2025

Cornerstone Insurance Records N37.11bn Revenue — But Profit Drops By 68.72%

Dollar Trades At N1,447.5/$, Pound At N1924.4/£ In Official Window

CBN Raises ATM, POS Cash Withdrawal Limit, Issues 10 Directives To Banks

Fidelity Bank Is Least Performing Bank Stock In Q3 2025

Over N1.28trn Gain Recorded As Dangote Cement, NCR Lead NGX Rebound

Dollar Depreciates Against Naira In Official Window, Trades At N1,473/$ In Black Market

Five Out Of Six Oil Companies Performed Woefully On NGX In Q3 2025

Gap Between Official Window, Parallel Market Dollar Rates Widens To N23

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