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Business - Page 13

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

Business·Oil & Gas

CNG Price Hike Raises Fresh Inflation Concerns In Nigeria

The price of Compressed Natural Gas (CNG) in Nigeria has risen from between ₦230 and ₦320 to ₦380 and ₦450 per Standard Cubic Meter (SCM). This development, which represents an increase of 65 per cent for commercial vehicles and 40 per cent

September 3, 2025

Business·Oil & Gas

Cooking Gas Price Records Marginal Drop In July

The prices of Liquefied Petroleum Gas (LPG), also known as cooking gas in Nigeria, have experienced a drop in recent times, offering some relief to households. According to the LPG Price Watch for July 2025 released by the National Bureau of Statistics (NBS), the average

September 3, 2025

Agro-Economy·Business·News

Meet Nigeria’s New Cassava Queen

Ifeoma Okonkwo, CEO of Ifgreen Industries and Investments Ltd, has emerged overall winner of the 2025 National MSME Awards, receiving a prize package valued at ₦220 million. Her agribusiness, which transforms cassava into gluten-free flours and food-grade starch, won both the MSME

September 3, 2025

Business·News·Transport

Air Peace, Ibom Air, Nigeria’s Aviation Market Under Siege: Foreign Airlines Rake in $1.7 Billion

The Nigerian aviation market has become a cash cow for foreign airlines, with 18 international carriers operating over 200 weekly flights and raking in an estimated $1.7 billion annually. This staggering revenue comes at a time when Nigerian airlines are struggling to

September 3, 2025

Business·Currency·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 3rd 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 3rd September 2025, is

September 3, 2025

Business·News

Nigeria’s Tier-2 Banks Brace for CBN Recapitalisation Shake-Up

Nigeria’s mid-sized banks – Wema Bank, Sterling Bank, First City Monument Bank (FCMB), Stanbic IBTC Bank, and Fidelity Bank – are under mounting pressure to scale up operations as the Central Bank of Nigeria’s (CBN) 2026 recapitalisation deadline looms. A new report

September 2, 2025

Business

Concerns As NIPOST Imposes $80 Duty On Every U.S.-bound Shipment

The latest move by the Nigerian Postal Service (NIPOST) to collect $80 duty on every postal shipment from Nigeria to the United States has generated concerns about the potential cost implications for Nigerians. NIPOST had on Friday, 29 August, announced that henceforth, all postal shipments

August 31, 2025

Business

African Airlines’ Cargo Demand Surges By 9.4%

African airlines demonstrated remarkable growth in air cargo demand during July 2025, with a 9.4 per cent year-on-year increase in cargo tonne-kilometers (CTK). This was revealed in the latest data released by the International Transport Association (IATA) for July 2025. This growth highlights the continent’s expanding

August 31, 2025

Business·Currency·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 31st August 2025

August 31, 2025

Business·Diaspora·News

Court Strikes Down Trump’s Tariffs as Illegal Overreach, Sets Stage for Supreme Court Battle

A divided U.S. appeals court has ruled that most of Trump’s tariffs are illegal, striking at the heart of one of his signature economic policies. The court allowed the levies to remain in place until October 14, giving the administration time to

August 30, 2025

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Business - Page 13

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

CNG Price Hike Raises Fresh Inflation Concerns In Nigeria

Cooking Gas Price Records Marginal Drop In July

Meet Nigeria’s New Cassava Queen

Air Peace, Ibom Air, Nigeria’s Aviation Market Under Siege: Foreign Airlines Rake in $1.7 Billion

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 3rd September 2025

Nigeria’s Tier-2 Banks Brace for CBN Recapitalisation Shake-Up

Concerns As NIPOST Imposes $80 Duty On Every U.S.-bound Shipment

African Airlines’ Cargo Demand Surges By 9.4%

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 31st August 2025

Court Strikes Down Trump’s Tariffs as Illegal Overreach, Sets Stage for Supreme Court Battle

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