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Business - Page 14

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·FEATURES

Will The CBN’s New Rule Stop POS Fraud?

The Central Bank of Nigeria (CBN)’s new rule requiring geotagging and geofencing of Point of Sale (PoS) terminals within a 10-meter radius aims to reduce fraud. However, there are significant challenges in implementing the policy. The CBN on Monday, 25 August, issued a circular

August 30, 2025

Business·Currency·Markets

Naira Records Marginal Gain As External Reserves Hit $41.27bn In August

The Nigerian naira saw a marginal gain of N2.17 against the United States dollar in August. According to the Central Bank of Nigeria (CBN) data, the naira traded at N1,531.57 per dollar at the Nigerian Foreign Exchange Market (NFEM) on Friday, 29

August 30, 2025

Business·News·Top Stories

GTCO Bolsters GTBank With N365.85 Billion Injection, Secures International Licence

Guaranty Trust Holding Company Plc has injected N365.85 billion into its subsidiary Guaranty Trust Bank Limited to comply with the Central Bank of Nigeria’s new capital requirements for internationally licensed banks. The capital injection, executed through a rights issue of nearly 7

August 30, 2025

Business·Currency·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 30th August 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 30th August 2025, is

August 30, 2025

Business·Top Stories

Lasaco, Guinea Insurance Extend NGX’s Downward Trend

On Friday, August 29, the Nigerian Exchange Limited (NGX) reported a N165.61 billion loss in the stock market capitalisation, after it dropped to N88.76 trillion, from N88.93 trillion on Thursday, August 28. The bourse also closed with a 140,295.49 all-share index (ASI),

August 29, 2025

Business·News·Top Stories

NERC Intervenes in States-DisCos Tariff Dispute, Ex-Chairman, Others Warn of Power Play

Former Acting Chairman/CEO of the Nigerian Electricity Regulatory Commission (NERC), Dr. Tony Akah, has emphasized the need for the smooth implementation of the 2023 revised Electricity Act. His remarks come amid the ongoing rift between state governments and electricity distribution companies (DisCos)

August 29, 2025

Business·Top Stories

Danjuma Family’s Investment In May & Baker Increases By N6.46bn

The investment held by Daisy and Theophilus Yakubu (TY) Danjuma in May & Baker has increased to N13.48 billion as of Thursday, August 28, from N7.02 billion recorded at the start of the year, according to Prime Business Africa’s analysis. PBA gathered

August 29, 2025

Business·Top Stories

Meyer Earns N2bn From Paint Sale, Grows Profit By 104.85%

Meyer Plc ended the first half (H1) of 2025 with N2.02 billion revenue, surpassing the N1.32 billion generated in the corresponding period in 2024, representing an increase of 52.74 percent. According to the company’s unaudited interim consolidated and separate financial statements for

August 29, 2025

Business·Currency·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 29th August 2025

August 29, 2025

Business·Markets

Strong Participation In Stock Trading Pushes Nigeria’s FPI To N1.81trn In July 2025

Foreign Portfolio Investment (FPI) in Nigeria surged to N1.81 trillion in July 2025, reflecting a dynamic shift in market activity and investor sentiment. This represents a 133.09 per cent increase from N778.65 billion recorded in June 2025. Year-on-year, FPI jumped by 269.19 per cent compared to N491.61 billion

August 28, 2025

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Business - Page 14

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

Will The CBN’s New Rule Stop POS Fraud?

Naira Records Marginal Gain As External Reserves Hit $41.27bn In August

GTCO Bolsters GTBank With N365.85 Billion Injection, Secures International Licence

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 30th August 2025

Lasaco, Guinea Insurance Extend NGX’s Downward Trend

NERC Intervenes in States-DisCos Tariff Dispute, Ex-Chairman, Others Warn of Power Play

Danjuma Family’s Investment In May & Baker Increases By N6.46bn

Meyer Earns N2bn From Paint Sale, Grows Profit By 104.85%

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 29th August 2025

Strong Participation In Stock Trading Pushes Nigeria’s FPI To N1.81trn In July 2025

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Otti Breaks Ground on Dual Road Projects to Reconnect Abia’s Heartland, Boost Regional Trade

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