Prime Business Africa

CBN Insists On June 3 Recapitalisation Deadline For BDCs

Dollar Rate Drops To N1,467/$ In Parallel Market, Rises To N1,446/$ In Official Window

In the parallel market on Friday, November 28, the foreign exchange rate decreased by N7 to N1,467.9 kobo per dollar, from N1,474.9 kobo/$ reported on November 27. This indicates the naira became stronger in the black market, appreciating by 0.47 percent, according

November 28, 2025

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

Business

NGX Gains Over N178.91bn As Ikeja Hotel Lead Gainers

The Nigerian Exchange (NGX) Limited, also known as the stock market, closed with an equity capitalisation of N91.28 trillion on Friday, November 28. According to data from the bourse, the market capitalisation increased by N178.91 billion from the N91.10 trillion reported on

November 28, 2025

Business

International Energy Insurance Revenue Drops To N3.12bn, Profit Falls By 40%

The International Energy Insurance has announced a 28 percent decrease in its revenue, which dropped to N3.12 billion between January and September 2025, falling below the N4.36 billion recorded in the same period in 2024. According to the company’s financial statement for

November 28, 2025

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

Business

Dollar Rate Gap Between Official Window, Parallel Market Reduces To N29

The gap between the parallel market and the official window reduced to N29 on Thursday, November 27, from N32.9 kobo recorded on Wednesday, November 26. The gap reduced despite the United States dollar (USD) appreciating against the naira in the official window,

November 27, 2025

The equity market closed in positive territory for the second time this week as stocks rose by 0.04%. Investors traded N15.07bn worth of shares.

Business

Linkage Assurance, Ikeja Hotel, Others Lift NGX Market Cap By N111bn

On Thursday, November 27, the Nigerian Exchange (NGX) Limited’s market capitalisation rose to N91.10 trillion, from the N90.99 trillion recorded on Wednesday, November 26 — indicating a gain of N111.08 billion. The 0.12 percent increase in NGX’s market valuation was driven by

November 27, 2025

Nigeria's Economic Independence Struggle: The Foreign Telecom Giants, Naira's Dilemma

Business·Top Stories

MTN Attracted More NGX Investors Than Airtel, Legend Internet In Q3 2025

MTN Nigeria closed the third quarter of 2025 as the most sought-after telecommunications stock on the Nigerian Exchange (NGX) Limited, also known as the stock market, according to Prime Business Africa’s analysis. Equity investors snubbed MTN’s market rivals like Legend Internet and

November 27, 2025

FX Market: Naira Opens Week With Decline

Business

Naira Appreciates Against Dollar To N1,474.9/$ In Parallel Market

The dollar rate dropped by N5.1 kobo or 0.34 percent on Wednesday, November 26, after the naira appreciated against the United States currency in the parallel market. The dollar exchanged at N1,474.9/$ in the black market, compared to the N1,480 the greenback

November 26, 2025

NGX Market Cap Sheds N197.31bn As International Breweries, Cornerstone Record Losses

Business

Equity Investors Trade N35.53bn Shares On NGX, AIICO Tops Gainers’ List

The market capitalisation of the Nigerian Exchange (NGX) Limited closed at N90.99 trillion on Wednesday, November 26. Also, the all-share index (ASI) settled at 143,064.57 ASI, while equity traders exchanged 738.35 million shares in 19,919 deals, worth N35.53 billion. Top five gainers

November 26, 2025

Wema Bank In Search Of N25 billion, Target Private Investors

Business

Wema Bank Grows Profit By 141.59% To N127.40bn

Wema Bank closed the period between the first quarter (Q1) and third quarter (Q3) with N458.50 billion gross earnings, compared to the N289.11 billion reached in the same period in 2024. According to the company’s consolidated and separate financial statements for the

November 26, 2025

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 9th September 2025

Business

Dollar Rate Increases In Parallel Market, Drops In Official Window

The dollar strengthened by 0.34 percent against the naira on Tuesday, November 25, as the foreign exchange (FX) rate increased to N1,480/$ in the parallel market. On Monday, November 24, the greenback had traded for N1,474.9 kobo/$, indicating the cost of buying

November 25, 2025

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Prime Business Africa

Dollar Rate Drops To N1,467/$ In Parallel Market, Rises To N1,446/$ In Official Window

NGX Gains Over N178.91bn As Ikeja Hotel Lead Gainers

International Energy Insurance Revenue Drops To N3.12bn, Profit Falls By 40%

Dollar Rate Gap Between Official Window, Parallel Market Reduces To N29

Linkage Assurance, Ikeja Hotel, Others Lift NGX Market Cap By N111bn

MTN Attracted More NGX Investors Than Airtel, Legend Internet In Q3 2025

Naira Appreciates Against Dollar To N1,474.9/$ In Parallel Market

Equity Investors Trade N35.53bn Shares On NGX, AIICO Tops Gainers’ List

Wema Bank Grows Profit By 141.59% To N127.40bn

Dollar Rate Increases In Parallel Market, Drops In Official Window

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