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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

Naira Appreciates, Ends Week Positive Across Official, Black Markets

Business·Top Stories

Dollar Rate Drops In Black Market, Stable In Official Window

In the parallel market on Monday, December 22, the United States dollar (USD) traded for N1,476.95 per $1, compared to the N1,489.01 per USD recorded on Friday, December 19. According to Naira Rates, a black market rates aggregator, the foreign exchange (FX)

December 22, 2025

Business·Top Stories

Best-Performing Cement Companies In Nigeria — By Revenue Growth

In the third quarter (Q3) of 2025, the cement industry recorded N1.62 trillion revenue, based on the financial statements of the three major producers listed on the Nigerian Exchange (NGX) Limited: Dangote Cement, BUA Cement and Lafarge Africa. According to Prime Business

December 22, 2025

Dangote Cement's Revenue Soars, But Production Costs Rise 45% In Tandem

Business·News·Top Stories

Dangote Cement Posts Strong Profit Growth Despite Flat Volumes

Dangote Cement Plc recorded a sharp increase in profit and earnings in the first nine months of 2025, despite largely flat sales volumes across its Nigerian and Pan-African operations, according to the company’s latest operating review, Prime Business Africa reports. The cement

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

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

Dollar Rate Drops In Black Market, Stable In Official Window

Best-Performing Cement Companies In Nigeria — By Revenue Growth

Dangote Cement Posts Strong Profit Growth Despite Flat Volumes

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Dollar Rate Drops By N10 In Black Market

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Dollar Rate Drops By N10 In Black Market

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