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Naira Appreciates, Ends Week Positive Across Official, Black Markets

Exchange Rates For Dollar Increase Across Parallel, Official Markets

In the black market on Thursday, December 18, the naira depreciated against the United States dollar (USD) by 0.13 percent to N1,489.01/$1, from the N1,487.01/$1 reported on Wednesday, December 17. According to Naira Rates data, while the foreign exchange (FX) rate for

December 18, 2025

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

Business

Guinness Leads Gainers’ List, Stanbic Among Losers As NGX Market Cap Rises To N95.85trn

Nestle and Guinness led the top gainers’ list on Thursday, December 18, as the Nigerian Exchange (NGX) Limited, also known as the stock market, recorded a N331.64 billion increase in its capitalisation. The stock market capitalisation increased from N95.52 trillion on Wednesday,

December 18, 2025

Business·Top Stories

AIICO Drops, Cornerstone Rises On List Of Insurance Companies With Highest Market Valuation

The end of the third quarter (Q3) of 2025 saw 10 insurance companies change positions on the list of the most valuable insurers on the Nigerian Exchange (NGX) Limited, also known as the stock market. According to an analysis by Prime Business

December 18, 2025

Business·Top Stories

First HoldCo, Lasaco Add N244.61bn To Nigerian Stock Market

The Nigerian Exchange Limited (NGX) said the market capitalisation for the stock market increased to N95.52 trillion on Wednesday, December 17, from the N95.28 trillion posted on Tuesday, December 16, representing a N244.61 billion gain. About 383.71 basis points were added to

December 17, 2025

Business·Markets·Top Stories

Dollar Trades Flat In Black Market, Appreciates In Official Window

The dollar traded at N1,487.01/$1 in the parallel market on Wednesday, December 17, indicating the naira neither depreciated nor appreciated against the United States currency. On Tuesday, December 16, the black market foreign exchange rate aggregator, Naira Rates, reported that the American

December 17, 2025

BUA Cement's Profitability Under Threat As Production Costs Surge

Business·Top Stories

BUA Cement Records N858.73bn Revenue In Nine Months, Profit Rises By 448%

In the first nine months of 2025, BUA Cement recorded N858.73 billion in revenue, surpassing the N583.40 billion generated in the same period in 2024, indicating an increase of 47.19 percent. According to the company’s unaudited financial statements for the period ended

December 17, 2025

Business·News·Nigeria·Top Stories

Airplane Crashes at Owerri Airport – Four Injured, No Fatalities

A Skypower Express Cessna 172, registration 5N‑ASR, crashed during an emergency landing at Sam Mbakwe International Cargo Airport in Owerri, Imo State, on Tuesday night. The aircraft, which had departed Kaduna International Airport bound for Port Harcourt International Airport, declared an in‑flight emergency and diverted

December 17, 2025

Africa·Business·News

Air Peace Ushers in Third Embraer 190, Reinforcing Capacity and Additional Festive Connectivity

In a continued demonstration of strategic fleet expansion within Nigeria’s dynamic aviation landscape, Air Peace Limited, West and Central Africa’s largest airline, has welcomed its third Embraer 190 aircraft, reinforcing its operational capacity to meet the heightened travel demand of the festive

December 16, 2025

Business·Opinion

Tony Elumelu: Personal Branding As Corporate Strategy

Tony Elumelu: Personal Branding As Corporate Strategy By Tony Onyima, Ph.D. There are four things I love about Mr Tony Elumelu, the Chairman of Heirs Holdings and the United Bank for Africa (UBA). His passion, confidence, energy, and discipline. His persona –

December 16, 2025

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

Business·Top Stories

Naira Depreciates To N1,487/$ In Black Market, Appreciates To N1,943/$ In Official Window

During trading in the black market on Tuesday, December 16, the foreign exchange rate for the United States dollar (USD) increased by N2.01, indicating the naira depreciated in value by 0.13 percent. According to the parallel market data provided by Naira Rates,

December 16, 2025

Business·News

CBN Revokes Licences of Aso Savings, Union Homes

The Central Bank of Nigeria (CBN) has revoked the operating licences of Aso Savings and Loans Plc and Union Homes Savings and Loans Plc, two primary mortgage banks in Nigeria. The revocation, announced on Tuesday, December 16, 2025, through a statement

December 16, 2025

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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

SEC Orders Full Registration of Tradable Instruments by January 2026

The Securities and Exchange Commission (SEC) has ordered all Capital

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Business

Exchange Rates For Dollar Increase Across Parallel, Official Markets

Guinness Leads Gainers’ List, Stanbic Among Losers As NGX Market Cap Rises To N95.85trn

AIICO Drops, Cornerstone Rises On List Of Insurance Companies With Highest Market Valuation

First HoldCo, Lasaco Add N244.61bn To Nigerian Stock Market

Dollar Trades Flat In Black Market, Appreciates In Official Window

BUA Cement Records N858.73bn Revenue In Nine Months, Profit Rises By 448%

Airplane Crashes at Owerri Airport – Four Injured, No Fatalities

Air Peace Ushers in Third Embraer 190, Reinforcing Capacity and Additional Festive Connectivity

Tony Elumelu: Personal Branding As Corporate Strategy

Naira Depreciates To N1,487/$ In Black Market, Appreciates To N1,943/$ In Official Window

CBN Revokes Licences of Aso Savings, Union Homes

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Dollar Trades Flat In Black Market, Appreciates In Official Window

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