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Business - Page 12

Aliko Dangote Makes History as First African to Hit $30 Billion Net Worth

Africa’s richest man, Aliko Dangote, has reached a historic milestone, becoming the first African to attain a net worth of $30.5 billion, according to the latest update from the Bloomberg Billionaires Index. As of October 25, 2025, Bloomberg ranks Dangote 73rd globally,

October 25, 2025

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 1st July 2025

Business·Currency·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 6th September 2025

What is the dollar-to-naira exchange rate on the black market, like the Aboki Fx? The exchange rate for the US dollar (USD) to Nigerian naira (NGN) in the parallel market, also known as the black market, as of 6th September 2025, is

September 6, 2025

Africa·Business·Markets

Carta Strengthens Global Footprint with Appointment of Raise Founder, Coleby

Equity management giant, Carta, has appointed Marvin Coleby, co-founder and former Chief Executive Officer of Raise, the so-called “Carta of Africa,” to lead its product strategy across Africa, Asia-Pacific (APAC), and the Middle East and North Africa (MENA). Coleby, a legal-tech

September 6, 2025

Business·Top Stories

NPF Microfinance Bank’s Profit Jumps 316% After Recording N4.72bn Revenue

NPF Microfinance Bank generated N4.72 billion in revenue in the second quarter (Q2) of 2025, exceeding the N2.80 billion turnover grossed in the same period in 2024, indicating an increase of 68.37 percent. The company also saw a 66.11 percent year-on-year increase

September 5, 2025

Food, Health, Education, Others Excluded From Proposed VAT Increase – Oyedele

Business

5% Fuel Surcharge: Revenue Will Be Used To Provide Transport Infrastructure – Oyedele

Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms in Nigeria, Dr Taiwo Oyedele, has clarified the Federal Government’s purpose for collecting five percent surcharge on fossil fuel sales. In a video message released by the State House, Oyedele explained

September 5, 2025

Business·Currency·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 5th September 2025

September 5, 2025

Business·Top Stories

NGX Market Cap Closes At N87.93trn, Ellah Lakes Leads Gainers’ List

The market capitalisation of the Nigerian Exchange Limited (NGX), also known as the stock market, closed at N87.93 trillion, while the all-share index (ASI) settled at 138,980.01 ASI. Over 1.81 billion shares were exchanged by equity traders in 24,612 deals, valued at

September 4, 2025

Business·Top Stories

Jaiz Bank’s Share Value Declines After Attack From Social Media Users – Shareholders’ Investments Affected

Jaiz Bank share value is on a decline amid social media attacks on the non-interest financial institution. Prime Business Africa gathered that Jaiz Bank’s share price dropped by N0.38 kobo, from N4.69 kobo to N4.31 kobo between August 25 and September 3,

September 4, 2025

Business·Top Stories

Production Cost Gulps 82% Of Cutix’s Revenue, Profit Drops By 81%

In the first quarter (Q2) of 2025, Cutix Plc recorded a marginal decline of 1 percent, after generating N3,52 billion, compared to the N3,55 billion reported in the corresponding period in 2024. According to the company’s unaudited financial statements for the Q1

September 4, 2025

Business·News

FCCPC Cracks Down on Rogue Loan Apps with Landmark Regulations, ₦100m Penalties

The Federal Competition and Consumer Protection Commission (FCCPC) has launched a sweeping crackdown on rogue loan apps, unveiling landmark regulations that carry penalties of up to ₦100 million or 1% of turnover, and potential disqualification of directors for up to five years.

September 4, 2025

Business·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 4th September 2025

September 4, 2025

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Business - Page 12

Aliko Dangote Makes History as First African to Hit $30 Billion Net Worth

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 6th September 2025

Carta Strengthens Global Footprint with Appointment of Raise Founder, Coleby

NPF Microfinance Bank’s Profit Jumps 316% After Recording N4.72bn Revenue

5% Fuel Surcharge: Revenue Will Be Used To Provide Transport Infrastructure – Oyedele

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 5th September 2025

NGX Market Cap Closes At N87.93trn, Ellah Lakes Leads Gainers’ List

Production Cost Gulps 82% Of Cutix’s Revenue, Profit Drops By 81%

FCCPC Cracks Down on Rogue Loan Apps with Landmark Regulations, ₦100m Penalties

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 4th September 2025

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Business - Page 12

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