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Business - Page 10

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

Business·Top Stories

From Millionaire To Billionaire: MTN’s Bullish Run Changes Karl Toriola’s Net Worth Status

The Chief Executive Officer of MTN Nigeria, Karl Toriola, started 2025 as a millionaire shareholder, but thanks to the company’s bullish run in the Nigerian Exchange (NGX) Limited, also known as the stock market, he now has a billion-naira net worth. As

November 20, 2025

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

Business

Wema Bank, Tantalizer, Others Wipe Off N291.93bn From NGX Market Cap

Over N291.93 billion was wiped off the valuation of the Nigerian Exchange (NGX), also known as the stock market, on Thursday, November 20. The market capitalisation had nosedived from N92 trillion reported on Wednesday, November 19, to N91.71 trillion. Also, the all-share

November 20, 2025

Business

Why AXA Mansard’s Profit Drops By 80%

AXA Mansard Insurance Plc reported its revenue grew by 22.68 percent and its profit after tax (PAT) declined by 80.08 percent in the first nine months of 2025. According to the company’s unaudited financial statement for the period ending September 30, 2025,

November 20, 2025

Access Holdings Plc Reports 71.39% Profit Surge In H1 2023

Business

Profit-takers Cost Access Bank N16bn As Investment In E-Tranzact Declines

Access Bank’s investment value in E-Tranzact International Plc has declined by 26.18 percent since the share price of the electronic payment solutions company reached an all-time high (ATH) for 2025 on September 16, according to Prime Business Africa’s analysis. Analysis by PBA

November 19, 2025

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

Business

NGX Says Investors Trade N23.54bn Shares, Universal Insurance Tops Losers’ List

At the end of trading on Wednesday, November 19, the equity capitalisation of the Nigerian Exchange (NGX), also known as the stock market, dropped to N92 trillion, from the previous day’s N92.21 trillion. This followed a 340.5 basis points drop from the

November 19, 2025

Conoil Plc's Shareholders Approve N1.734 Billion Dividend Payout for 2022

Business

Conoil Revenue Drops To N203.82bn, Profit Crashes By 87.91%

Conoil Plc’s revenue dropped by 18.18 percent to N203.82 billion between January and September 2025, from N249.13 billion in the first nine months of 2024. The company announced the decline in turnover in its unaudited financial statements for the period ended September

November 19, 2025

Bank of England Eyes High Interest Rate Amidst Falling Inflation: Analysts Suggest June For Cut

Business·Finance & Economy·Markets·News

Bank of England Set for December Rate Cut

"With inflation still at 3.6% and deposit yields poised to move downward, the risk of negative real returns looms."

November 19, 2025

Business·News

Unity Bank MD Tasks Youths on Savings Culture

The Managing Director/Chief Executive Officer of Unity Bank Plc, Mr. Ebenezer Kolawole, has renewed the Bank’s call for young Nigerians to embrace a savings culture, urging them to see savings as a lifelong discipline for creating stability and financial resilience. Mr. Kolawole

November 19, 2025

Business·Finance & Economy·News·Technology

Swiss Deposit Token Trial Shows Banks Can Adopt Digital Money Reliably, Says D24 Fintech

The Swiss Bankers Association (SBA) is taking steps to establish a digital Swiss franc known as the deposit token. In September, PostFinance AG, Sygnum Bank AG, and UBS Group AG conducted a Proof of Concept using deposit tokens to execute legally binding cross-bank

November 19, 2025

Fidelity Bank Kicks Off N127 Billion Public Offer, Rights Issue Today

Business

Fidelity Bank Records Gross Earnings Of N748.70bn, Profit Drops By 17.21%

Fidelity Bank Plc recorded gross earnings of N748.70 billion in the first half (H1) of 2025, according to the company’s financial statements for the period ended June 30, 2025. In the financial statement, the lender said the gross earnings increased by 45.98

November 18, 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 - Page 10

Exchange Rates For Dollar Increase Across Parallel, Official Markets

From Millionaire To Billionaire: MTN’s Bullish Run Changes Karl Toriola’s Net Worth Status

Wema Bank, Tantalizer, Others Wipe Off N291.93bn From NGX Market Cap

Why AXA Mansard’s Profit Drops By 80%

Profit-takers Cost Access Bank N16bn As Investment In E-Tranzact Declines

NGX Says Investors Trade N23.54bn Shares, Universal Insurance Tops Losers’ List

Conoil Revenue Drops To N203.82bn, Profit Crashes By 87.91%

Bank of England Set for December Rate Cut

Unity Bank MD Tasks Youths on Savings Culture

Swiss Deposit Token Trial Shows Banks Can Adopt Digital Money Reliably, Says D24 Fintech

Fidelity Bank Records Gross Earnings Of N748.70bn, Profit Drops By 17.21%

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