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NGX Market Cap Rises By N2.92bn, Sovereign Insurance Leads Gainers’ List

On Monday, December 15, the Nigerian Exchange (NGX) Limited slightly increased by N2.92 billion to N95.267 billion, from N95.264 trillion recorded on Friday, December 12. In the same vein, the all-share index (ASI) appreciated slightly to 149,437.88, from 149,433.25 ASI. About 553.16

December 15, 2025

Naira Appreciates At Official Market As Dollar Supply Rises On Friday

Business·Top Stories

Dollar Rate Drops To N1,485/$ In Parallel Market

In the parallel market on Monday, the foreign exchange rate of the United States dollar (USD) decreased to N1,485 per $1, as the naira continues its rebound against the foreign currency. The naira appreciated against the American greenback by 0.33 percent, with

December 15, 2025

Business·Top Stories

Regency Alliance Loses 100% Of Revenue To Expenses, Profit Drops By 41%

Over N7.99 billion in revenue was generated by Regency Alliance Insurance between the first quarter (Q1) and the third quarter (Q3) of 2025, the company announced in its unaudited financial statements for the period ended September 30, 2025. The financial statements showed

December 15, 2025

Business·News·Top Stories

Dangote Accuses NMDPRA CEO Farouk of Corruption, Claims $5m Paid for Children’s School Fees in Switzerland

Billionaire businessman Aliko Dangote has publicly accused the CEO of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Engr. Farouk Ahmed, of corruption, economic sabotage, and lavish personal spending, claiming that Ahmed paid $5 million in tuition fees for his children’s

December 15, 2025

Business·News·Top Stories

Dangote Refinery Slashes Petrol to ₦699, Rolls Out Credit Facility for Marketers

Dangote Petroleum Refinery has intensified its campaign to reduce petrol prices nationwide, cutting its ex-depot (gantry) price to ₦699 per litre and enforcing a ₦739 per litre retail cap, in a move aimed at protecting its $20 billion investment and curbing excessive

December 15, 2025

Business·News·Top Stories

Nigeria-France Tax Data Deal Sparks Debate Over Sovereignty, As FIRS Moves To Calm Public Concerns

Nigeria’s decision to sign a new tax-administration cooperation agreement with France has ignited wide public debate, with questions emerging about the possible exposure of sensitive national economic information. The Federal Inland Revenue Service (FIRS), however, maintains that the partnership poses no risk

December 12, 2025

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today

Business·Top Stories

Gap Between Official Window, Parallel Market Dollar Rates Drops To N34

The gap between the exchange rates for the United States dollar (USD) in the official window and the parallel market reduced from N49.75 kobo on Thursday, December 11, to N34.47 kobo on Friday, December 12. According to the Naira Rate data, the

December 12, 2025

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

Business·Top Stories

Guinness, Morison, Others Add N945.20bn To Nigerian Stock Market Cap

Over N945.20 billion was added to the capitalisation of the Nigerian Exchange (NGX) Limited, also known as the Nigerian stock market, after the shares of Guinness, Morison, and others appreciated on Friday, December 12. This raised the market capitalisation of the Nigerian

December 12, 2025

Business·Top Stories

GTCO, Stanbic IBTC Make List Of Nigerian Banks With Highest Market Valuation

The banks with the highest market valuation on the Nigerian Exchange (NGX) Limited in the third quarter (Q3) of 2025 are Guaranty Trust Holding Company (GTCO), Zenith Bank, United Bank for Africa (UBA), Stanbic IBTC Holdings and Access Holdings. Prime Business Africa’s

December 12, 2025

Business·News·Top Stories

Dangote Launches N1 Trillion Education Fund, Pledges 25% of Wealth to Support 1.3 Million Nigerian Students

Nigerian business magnate Aliko Dangote on Thursday launched a N100 billion annual education initiative aimed at reducing financial barriers that prevent millions of Nigerian children from completing their education. The programme, projected to cost over N1 trillion over the next decade, is

December 11, 2025

Africa·Business·News·Top Stories

ECOWAS Ministers Unveil 2026 Economic Priorities, Tap Dangote to Drive Private-Sector Engagement

Ministers of Foreign Affairs from the Economic Community of West African States (ECOWAS) have opened the 95th Ordinary Session of the ECOWAS Council of Ministers in Abuja, with a sweeping agenda aimed at strengthening governance, accelerating regional integration, and bolstering economic resilience

December 11, 2025

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SEC Orders Full Registration of Tradable Instruments by January 2026

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

UK Targets Sugary Milk Drinks as Government Tightens Health Levy

The UK Labour government has expanded its existing sugar tax

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 26th November 2025

What is the dollar-to-naira exchange rate on the black market,

CBN Further Raises Benchmark Interest Rate To 27.25%

CBN Holds Interest Rate At 27% — Fourth Time In 2025

The monetary policy committee (MPC) of the Central Bank of

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Business

NGX Market Cap Rises By N2.92bn, Sovereign Insurance Leads Gainers’ List

Dollar Rate Drops To N1,485/$ In Parallel Market

Regency Alliance Loses 100% Of Revenue To Expenses, Profit Drops By 41%

Dangote Accuses NMDPRA CEO Farouk of Corruption, Claims $5m Paid for Children’s School Fees in Switzerland

Dangote Refinery Slashes Petrol to ₦699, Rolls Out Credit Facility for Marketers

Nigeria-France Tax Data Deal Sparks Debate Over Sovereignty, As FIRS Moves To Calm Public Concerns

Gap Between Official Window, Parallel Market Dollar Rates Drops To N34

Guinness, Morison, Others Add N945.20bn To Nigerian Stock Market Cap

GTCO, Stanbic IBTC Make List Of Nigerian Banks With Highest Market Valuation

Dangote Launches N1 Trillion Education Fund, Pledges 25% of Wealth to Support 1.3 Million Nigerian Students

ECOWAS Ministers Unveil 2026 Economic Priorities, Tap Dangote to Drive Private-Sector Engagement

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UK Targets Sugary Milk Drinks as Government Tightens Health Levy

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 26th November 2025

CBN Holds Interest Rate At 27% — Fourth Time In 2025

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