Prime Business Africa

Naira Appreciates, Ends Week Positive Across Official, Black Markets

Black Market’s Dollar Rate Drops To N1,446/$, Official Window Records Decline

The foreign exchange (FX) rate of the United States dollar (USD) decreased by N1.61 kobo, while the value of the naira appreciated by 0.11 percent in the black market on Monday, February 9. According to the black market aggregator, Naira Rates, the

February 9, 2026

Business·Top Stories

NGX Investors Trade N27.91bn Shares, Market Cap Closes At N111.65trn

On Monday, February 9, over N1.42 trillion was gained in the Nigerian Exchange (NGX), also known as the stock market, pushing the bourse’s capitalisation to N111.65 trillion. The market capitalisation closed at N110.23 trillion on Friday, February 6. This followed an expansion

February 9, 2026

Naira Devaluation Will Cause Negative Impact Of $22m On Revenues, Airtel Africa Says

Business·Top Stories

Nigerian Market Now Accounts For 24% Of Airtel Africa’s Revenue

The Nigerian market accounted for 24.06 percent of Airtel’s revenue in Africa in 2025, rising from 20.28 percent in 2024, as the Nigerian subsidiary’s customer base grew by 8 percent year-on-year, from 28.2 million to 30.5 million. According to the company’s results

February 6, 2026

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

Business·Top Stories

Gap Between Official Window, Black Market Rates Now N82

The United States dollar (USD) traded at N1,366.19 kobo per $1 in the Nigerian foreign exchange market (NFEM) on Friday, February 6, similar to the N1,366.05 per USD recorded on Thursday, February 5. This was revealed in data obtained from the Central

February 6, 2026

Nigerian Stock Market Record Highest Level In 15-years, Equity Cap Up N59.90bn

Business·Top Stories

NGX Valuation Rises By N1.10trn To N110.23trn

The market capitalisation of the Nigerian Exchange (NGX), also known as the stock market, surged to N110.23 trillion on Friday, February 6, from the N109.12 trillion reached on Thursday, February 5. According to the NGX, the market capitalisation increased by N1.10 trillion

February 6, 2026

Black Market, Official Window Dollar Rates' Gap Widens To N127 After BDCs Hike USD Price

Business·Top Stories

Dollar Rate Increases To N1,366/$ In Official Market

On Thursday, February 5, N1,366.05 per dollar was the official rate for the United States (US) currency in the Nigerian foreign exchange market (NFEM), rising above the N1,358.28 kobo per $1 reported on Wednesday, February 4. This represents a N7.72 kobo increase

February 5, 2026

Business·Top Stories

Nigerian Stock Market Cap Hits N109.12trn — up by N1.26trn

The Nigerian Exchange (NGX) said the bourse’s market capitalisation increased from N107.86 trillion, recorded on Wednesday, February 4, to N109.12 trillion on Thursday, February 5, representing an increase of N1.26 trillion. NGX said the all-share index (ASI) expanded by 1,975.18 basis points

February 5, 2026

Oando Plc's Share Price Rise By %1,286% In One Year, Market Cap Crosses N1trn

Business·Top Stories

Who Will Save Oando?: Profit Crashes By 96%, Expenses Gulp 99% Of Revenue

Oando Plc is losing its revenue to the cost of production, and the turnover is also decreasing, leading to the company’s pretax profit crashing by 96.03 percent, according to Prime Business Africa’s analysis. The analysis showed that costs gulped 99.13 percent of

February 5, 2026

BDC Operators' Pound Rate Causing Gains, Loses For Nigerians

Business·Top Stories

Naira Appreciates Against Dollar, Pound, Euro In Official Market

The Nigerian foreign exchange market (NFEM) closed with N1,358.28 kobo per dollar being the official rate for the day on Wednesday, February 4. According to data obtained from the Central Bank of Nigeria (CBN), the official rate dropped from the N1,372.91 kobo

February 4, 2026

John Holt, CWG, Others End Nigerian Stock Market Losing Streak With N141.70bn Gain

Business·Top Stories

NGX Market Cap Rises By N1.36trn, Traders Exchange N20.56bn Shares

The market capitalisation of the Nigerian Exchange (NGX) increased by N1.36 trillion to N107.86 trillion on Wednesday, February 4, up from the N106.49 trillion reported on Tuesday, February 3. Also, the all-share index (ASI) appreciated to 168,030.18 ASI, from 165,901.57 ASI, representing a

February 4, 2026

Previous 1 … 6 7 8 9 10 … 30 Next

Cookie	Duration	Description
cookielawinfo-checbox-analytics	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checbox-functional	11 months	The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checbox-others	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-necessary	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-performance	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy	11 months	The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.

Prime Business Africa

Black Market’s Dollar Rate Drops To N1,446/$, Official Window Records Decline

NGX Investors Trade N27.91bn Shares, Market Cap Closes At N111.65trn

Nigerian Market Now Accounts For 24% Of Airtel Africa’s Revenue

Gap Between Official Window, Black Market Rates Now N82

NGX Valuation Rises By N1.10trn To N110.23trn

Dollar Rate Increases To N1,366/$ In Official Market

Nigerian Stock Market Cap Hits N109.12trn — up by N1.26trn

Who Will Save Oando?: Profit Crashes By 96%, Expenses Gulp 99% Of Revenue

Naira Appreciates Against Dollar, Pound, Euro In Official Market

NGX Market Cap Rises By N1.36trn, Traders Exchange N20.56bn Shares

Featured Stories

Sahara Group Challenges Young Africans To Turn Energy Challenges into Entrepreneurial Opportunities

‘Nigeria’s National Single Window: A Make-or-Break Moment for Trade Facilitation

21km Dusted: Today I Chased Miles, Not Speed

At 54, Approaching 55, I Have Begun to Rethink What Fitness Means

Whatsapp Channel

Latest News

Air Peace Clarifies Abuja–London Flight Disruption, Denies Passenger Abandonment

Nigerian Graduates Embark on Advanced Pipeline, Corrosion Control Training in Port Harcourt

Iran Warns UAE Civilians to Avoid Ports as Missile, Drone Attacks Escalate

NSCDC Officer Killed During Ramadan Aid Distribution in Kano

6 Things Nigerians Should Know About the Current Oil Market Trends

Nigeria Cooking Gas Price Jumps 40% Amid Us, Iran Crisis

Dangote Cement Records 20% Increase in 2025 Revenue

Aston Martin to Cut 20% of Workforce Over Rising Losses

Air Peace Clarifies Abuja–London Flight Disruption, Denies Passenger Abandonment

Suggestions

Prime Business Africa

Featured Stories

Follow Us

Whatsapp Channel

Latest News