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

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

Stock Market Traders Favoured Ikeja Hotel Over Transcorp Hotels in 2025

Business·Top Stories

Nigerians Spent N81bn On Hotel Rooms In 2025

Over N81.33 billion was spent on hotel rooms in Nigeria in 2025, up from the N58.42 billion expended in 2024, representing a N22.90 billion or 39.20 percent increase, according to Prime Business Africa’s analysis. The amount is based on revenue generated by

February 4, 2026

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

Business·Top Stories

Dollar Records Mixed Fortune In Parallel, Official Markets

On Tuesday, February 3, the United States dollar (USD) increased in value to N1,457.91 kobo per $1 in the black market, above the N1,454.99 kobo/$1 recorded on Monday, February 2. The dollar rate increased by N2.92 kobo during trading in the black

February 3, 2026

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·Top Stories

IMG, Union Dicon Lift NGX Market Cap By N332.48bn

Over N332.48 billion was gained in the Nigerian Exchange (NGX), also known as the stock market, on Tuesday, February 3, after the all-share index (ASI) appreciated 0.31 percent. The gain was reflected in the market capitalisation, which increased from N106.16 trillion on

February 3, 2026

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Trump Threatens 100% Tariffs on Canadian Goods Over China Trade Deal

U.S. President Donald Trump has threatened to impose 100 per

Nigeria Tightens Rules for Courier Companies Using Prepaid Imports

Nigeria’s customs authority has introduced new rules for courier companies

Behind the Geregu Power Sale: Politics and a $750m Deal

The sale of Geregu Power, one of Nigeria’s largest electricity

Recapitalisation: UBA Extends Deadline For Rights Issue

UBA Hits Billion-Naira Milestone: Rights Issue Success Pushes Capital Base Above ₦500bn

United Bank for Africa (UBA) has successfully concluded its rights

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Business

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

Nigerians Spent N81bn On Hotel Rooms In 2025

Dollar Records Mixed Fortune In Parallel, Official Markets

IMG, Union Dicon Lift NGX Market Cap By N332.48bn

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

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Gap Between Official Window, Black Market Rates Now N82

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

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Nigeria Tightens Rules for Courier Companies Using Prepaid Imports

Behind the Geregu Power Sale: Politics and a $750m Deal

UBA Hits Billion-Naira Milestone: Rights Issue Success Pushes Capital Base Above ₦500bn

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

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