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Business

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

NGX Records N63.83bn Share Trades Within Three Days

A total turnover of 2.87 billion shares, worth N63.83 billion, was traded in 80,229 deals by investors on the floor of the Nigerian Exchange (NGX) between Monday and Wednesday. The NGX, also known as the stock market, opened for three trading days

December 25, 2025

Business·FEATURES·Top Stories

Best-Performing Drink Producers In Nigeria — By Revenue Growth

Over N543.38 billion in revenue was made by the brewery industry between July and September 2025, compared to the N415.36 billion spent by Nigerians on drinks in the corresponding period in 2024, indicating a 30.82 percent increase. The combined revenue is based

December 25, 2025

Business

Fidson Grows Revenue By 55%, Profit Reaches N11.90bn

Fidson Healthcare saw a 55.83 percent increase in its revenue, which stood at N93.08 billion for the period between January and September 2025, compared to the N59.72 billion generated in 2024. In the company’s unaudited report and financial statements for the period

December 25, 2025

Business

Dollar Rate Drops By N10 In Black Market

Over N10 was removed from the foreign exchange rate for the United States dollar (USD) in the black market on Wednesday, December 24. According to Naira Rates, the price for a dollar had depreciated to N1,467.99 kobo per $1, from the N1,477.99

December 24, 2025

NGX Suspends Trading In Unity Bank, Guinea Insurance, 6 Other Companies’ Shares

Business

Over N118.37bn Added To Nigerian Stock Market Cap

Guinness led the gainers’ list on the Nigerian Exchange (NGX) on Wednesday, December 24, and Legend Internet topped the losers’ table as the stock market capitalisation increased by N118.37 billion. According to NGX, the stock market capitalisation grew to N97.89 trillion, from

December 24, 2025

Nigerian Breweries To Borrow N25 billion Amid Financial Downturn

Business

Nigerian Breweries Generated N1.04trn From Drink Sale In Nine Months

Nigerian Breweries recorded N1.04 trillion in revenue between the first quarter (Q1) and the third quarter (Q3) of 2025, surpassing the N 710.87 billion posted in the first nine months of 2024, representing a 47.19 percent increase. The brewer announced the increase

December 24, 2025

Business

Naira Appreciates Against Dollar, Trades At N1,477 Per USD

The foreign exchange rate of the United States dollar (USD) increased to N1,477.99 kobo per $1 in the parallel market on Tuesday, December 23, from the N1,476.95 kobo per USD recorded on Monday, December 22. This represents a 0.07 percent decline in

December 23, 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

Nigerian Stock Market Valuation Rises By N578.89bn To N97.77trn

On Tuesday, December 23, the valuation of the Nigerian Exchange (NGX) Limited, also known as the stock market, increased by N578.89 billion to N97.77 trillion, from the N97.19 trillion recorded on Monday, December 22. The all-share index (ASI) increased to 153,354.13 ASI,

December 23, 2025

First Bank Changes Names Of Its Subsidiaries In UK, Some Sub-Saharan African Countries

Business

First HoldCo Earns N2.29trn From Interests, Records 7% Drop In Profit

Between January and September 2025, First HoldCo generated N2.29 trillion as interest income, which grew by 40.37 percent from the N1.63 trillion recorded in the same period in 2024. In the company’s financial statement for the period ending September 30, 2025, First

December 23, 2025

Business·News·Top Stories

NIN, CAC Numbers Now Serve as Nigeria’s Unified Tax ID Under New Law

Nigeria has rolled out a unified Tax Identification framework that links tax records directly to existing national identity systems, with the National Identification Number (NIN) now serving as the Tax ID for individuals and Corporate Affairs Commission (CAC) registration numbers forming the

December 23, 2025

Stock Market Rally Halted As Demand For Ecobank, PZ Cussons Shares Dropped

Business·FEATURES·Top Stories

ALEX Leads NGX Gainers’ List, Guinea Insurance Among Losers

At the end of trading in the Nigerian stock market on Monday, December 22, the capitalisation of the Nigerian Exchange (NGX) Limited closed at N97.19 trillion. Also, the all-share index (ASI) of the NGX stood at 152,459.07 ASI. Equity traders exchanged 451,52

December 22, 2025

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Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

The Federal Government of Nigeria has issued its debut bond

Dollar Trades Flat In Black Market, Appreciates In Official Window

The dollar traded at N1,487.01/$1 in the parallel market on

Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

The government of Venezuela has condemned what it described as

Bank of Japan Poised to Lift Rates to 30-Year High as Inflation Pressures Persist

The Bank of Japan (BOJ) is set to raise its

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Business

Best-Performing Drink Producers In Nigeria — By Revenue Growth

Fidson Grows Revenue By 55%, Profit Reaches N11.90bn

Dollar Rate Drops By N10 In Black Market

Over N118.37bn Added To Nigerian Stock Market Cap

Nigerian Breweries Generated N1.04trn From Drink Sale In Nine Months

Naira Appreciates Against Dollar, Trades At N1,477 Per USD

Nigerian Stock Market Valuation Rises By N578.89bn To N97.77trn

First HoldCo Earns N2.29trn From Interests, Records 7% Drop In Profit

NIN, CAC Numbers Now Serve as Nigeria’s Unified Tax ID Under New Law

ALEX Leads NGX Gainers’ List, Guinea Insurance Among Losers

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