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Nigerian Billionaires Made N11.52trn In Nigerian Stock Market In 2025

Nigerian billionaires, Aliko Dangote, Mike Adenuga, and Abdul Samad Rabiu earned N11.52 trillion from the Nigerian Exchange (NGX), also known as the stock market, in 2025, according to analysis by Prime Business Africa. Analysis showed that Rabiu, the founder of BUA Cement

February 10, 2026

Business·Top Stories

Black Market Traders Exchange Dollar At N1,441, Pound At N2,014

The black market on Tuesday, February 10, recorded N1,441 per dollar, declining from the N1,446.99 kobo per $1 reported on Monday, February 9, according to the black market aggregator, Naira Rates. This represents a N5.99 kobo decline in the foreign exchange (FX)

February 10, 2026

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

Business·Top Stories

Nigerian Stock Market Cap Rises By N1.83trn

The Nigerian Exchange (NGX), also known as the stock market, closed with N113,49 trillion capitalisation on Tuesday, February 10, compared to the N111.65 trillion recorded on Monday, February 9. According to the NGX data, the market capitalisation had increased by N1.83 billion

February 10, 2026

Business·News·Top Stories

CBN Clears Bank of Industry to Roll Out Non-Interest Financing Window

The Bank of Industry (BoI) has received regulatory approval from the Central Bank of Nigeria (CBN) to operate a Non-Interest Banking (NIB) Window, marking a major expansion of its financing framework aimed at promoting inclusive and sustainable industrial development. The approval authorises

February 9, 2026

Business·Top Stories

Transcorp Power’s Expenses Rising Faster Than Revenue

Transcorp Power’s expenses are rising faster than the company’s revenue, according to Prime Business Africa’s analysis of the firm’s annual reports and accounts for the year ended December 31, 2025. The company had generated N398.26 billion in revenue between January and December

February 9, 2026

Naira Appreciates, Ends Week Positive Across Official, Black Markets

Business·Top Stories

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

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

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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 Billionaires Made N11.52trn In Nigerian Stock Market In 2025

Black Market Traders Exchange Dollar At N1,441, Pound At N2,014

Nigerian Stock Market Cap Rises By N1.83trn

CBN Clears Bank of Industry to Roll Out Non-Interest Financing Window

Transcorp Power’s Expenses Rising Faster Than Revenue

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

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Nigerian Billionaires Made N11.52trn In Nigerian Stock Market In 2025

Black Market Traders Exchange Dollar At N1,441, Pound At N2,014

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

Nigeria Tightens Rules for Courier Companies Using Prepaid Imports

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

House Republicans Introduce Nigeria Religious Freedom, Accountability Act of 2026

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