Business - Page 14

Naira Falls Against Dollar Across FX Markets

After ending last week on a positive note, the Nigerian naira depreciated against the United States Dollar across official and parallel foreign exchange windows as the market opened this week. The Central

Victor Ezeja

July 22, 2025

Services, Industry Sectors Drive Economic Growth As GDP Rises By 3.13% In Q1 2025

Business·Finance & Economy·Top Stories

Services, Industry Sectors Drive Nigeria’s Economic Growth As GDP Rises By 3.13% In Q1 2025

Nigeria’s economy grew by 3.13 per cent year-on-year (YoY) in real terms in the first quarter (Q1) of 2025. This is according to data released by the National Bureau of Statistics (NBS) on Monday, 21 July 2025.

Victor Ezeja

July 21, 2025

Nigeria's Equity Market Declines By 1.99% in March Despite Weekly Gains

Business·Top Stories

NGX Market Cap Rises By N152.79bn To N83.39trn

The market capitalisation of the Nigerian Exchange Limited (NGX) increased to N83.39 trillion on Monday, July 21, from N83.24 trillion recorded on Friday, July 18. This represents an increase of N152.79 billion.

Prime Business Africa

July 21, 2025

Benefits Of Dangote Refinery’s PMS, Diesel Distribution Plan

Business·Oil & Gas

Oil, Gas Suppliers Kick Against Dangote’s Direct Supply To End Users

Plans by Dangote refinery to begin direct supply of petroleum products to end users have been met with opposition by Natural Oil & Gas Suppliers Association of Nigeria (NOGASA). The group said

Victor Ezeja

July 21, 2025

Nigeria’s Electricity Tariff Hike: Any Impact On Productivity?

Business·Power

GenCos Reject Band A Electricity Tariff Slash To N160/kwh In Enugu

Power Generation companies have responded to the declaration of tariff slash for Band A customers in Enugu State, saying it is unsustainable. The GenCos strongly opposed the order issued by the Enugu

Victor Ezeja

July 21, 2025

Business·Top Stories

Indian Investors Udani Family Lose N7.59bn In Nigerian Stock Market

The Udani family, Indian investors and majority shareholders of MeCure Industries, have lost N7.59 billion in the Nigerian stock market between January 2 and July 18, according to Prime Business Africa’s analysis.

Prime Business Africa

July 21, 2025

Business·Top Stories

MeCure’s Debt Burden Reduces Profit To N812m

In the first quarter (Q1) of 2025, MeCure Industries generated N13.29 billion, compared to the N8.07 billion turnover recorded in the corresponding period in 2024, representing an increase of 64.53 percent. According

Prime Business Africa

July 21, 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, 21st July 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

Victor Ezeja

July 21, 2025

Metering All Consumers Only Way To Increase Revenue Collection By DisCos, Not Tariff Hike - Expert

Business·Power

Enugu Electricity Regulatory Commission Reduces Band A Tariff From N209 To N160/Kwh

With effect from August 1, 2025, the Enugu State Electricity Regulatory Commission (EERC) has revised the Band A electricity tariff from N209/per kilowatt hour (kWh) to N160 per kWh. This new tariff

Victor Ezeja

July 21, 2025

Business·News

Energy, Exchange Rate, Transportation Top Three Drivers Of Inflation In Nigeria – CBN Survey

A recent Central Bank of Nigeria’s (CBN) survey has revealed that respondents identified energy, exchange rate and transportation costs as the top three drivers of inflation in the country. The CBN’s Inflation

Victor Ezeja

July 21, 2025

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Business - Page 14

Naira Falls Against Dollar Across FX Markets

Services, Industry Sectors Drive Nigeria’s Economic Growth As GDP Rises By 3.13% In Q1 2025

NGX Market Cap Rises By N152.79bn To N83.39trn

Oil, Gas Suppliers Kick Against Dangote’s Direct Supply To End Users

GenCos Reject Band A Electricity Tariff Slash To N160/kwh In Enugu

Indian Investors Udani Family Lose N7.59bn In Nigerian Stock Market

MeCure’s Debt Burden Reduces Profit To N812m

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 21st July 2025

Enugu Electricity Regulatory Commission Reduces Band A Tariff From N209 To N160/Kwh

Energy, Exchange Rate, Transportation Top Three Drivers Of Inflation In Nigeria – CBN Survey

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