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Business - Page 145

Five Best-Performing Banks In Q3 2025 — By Profit Growth

Sterling Financial Holdings Company, First City Monument Bank (FCMB), Stanbic IBTC, Wema Bank and Ecobank are the top five best-performing banks in Nigeria by pretax profit growth in the third quarter (Q3) of 2025. The five banks made it to the list

December 19, 2025

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

Business·Markets·News

Nigeria’s Equity Market Sees Fresh Gains As Investors Target Undervalued Stocks

Nigeria’s equity market experienced a further boost on Wednesday, with a 0.43% increase, adding approximately N259 billion to the market’s value. Investors continue to show strong interest in undervalued stocks, particularly in key sectors. The Nigerian Exchange Limited (NGX) All-Share Index (ASI)

December 19, 2024

Dangote Refinery, FCCPC Clash As NNPCL Insists On Importation Of Fuel

Business·News·Oil & Gas

Dangote Refinery Accuses NNPCL Of Misleading Claims On $1bn Investment

The Dangote Petroleum Refinery has accused the Nigerian National Petroleum Company Limited (NNPCL) of providing inaccurate information about its $1bn investment in the refinery. According to Dangote Refinery, NNPCL’s claims mislead stakeholders and the public regarding the extent and nature of the

December 18, 2024

Business·FEATURES·News

Inflation: How Rising Food Prices Are Forcing Nigerians To Choose Between Meals Or Survival

Food prices in Nigeria have reached alarming heights, leaving many citizens struggling to afford basic meals. According to the latest report from the National Bureau of Statistics (NBS), the country’s headline inflation rose to 34.60% in November 2024, up from 33.88% in

December 18, 2024

The equity market closed in positive territory for the second time this week as stocks rose by 0.04%. Investors traded N15.07bn worth of shares.

Business·Markets·News

Nigerian Stock Market Hits 100,000 Points As Buyers Drive Key Gains

The Nigerian Stock Market witnessed a significant milestone on Tuesday as the benchmark performance index crossed the 100,000-point mark. This was driven by increased buying activity on the Nigerian Exchange Limited (NGX) ahead of the festive season. The market recorded a 0.13%

December 18, 2024

Business

CBN Imposes N1.2m Daily Cash Transaction Limit On PoS Agents

In its quest to deepen implementation of cashless policy, the Central Bank of Nigeria (CBN) has set a daily transaction limit of N1.2 million for Point of Sales (PoS) agents across the country. The apex bank stated this in a circular released

December 18, 2024

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

Business·Markets·News

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 18th December 2024

What is the Dollar to Naira Exchange rate at 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 black market, especially the Aboki Fx as

December 18, 2024

Business·News

Why Nigerian Banks, Others Will Face Turbulent 2025 – Fitch Ratings Predicts

Fitch Ratings has predicted a difficult operating environment for Nigerian banks in 2025, citing multiple domestic and global challenges. This projection was highlighted in its African Banks Outlook 2025 report, which outlines key risks and potential impacts on the banking sector. The

December 17, 2024

Africa·Business·News

AfDB Urges Action As Nigeria, African Nations Face $74bn Debt Burden

African countries, including Nigeria, will require around $74 billion to service their debts in 2024, according to the Vice President and Chief Economist of the African Development Bank (AfDB), Prof. Kevin Urama. This disclosure was made at the Debt Management Forum for

December 17, 2024

Business·FEATURES·News

No Merry Christmas: How Nigeria’s Inflation Rate Is Stealing Festive Joy

Nigerians are facing a bleak festive season as the inflation rate hits 34.60% in November 2024, the highest in 28 years. This surge has sparked concerns over how families will cope with the rising cost of food, housing, and essential services during

December 17, 2024

Business·Currency·Markets·News

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 17th December 2024

December 17, 2024

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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 145

Five Best-Performing Banks In Q3 2025 — By Profit Growth

Nigeria’s Equity Market Sees Fresh Gains As Investors Target Undervalued Stocks

Dangote Refinery Accuses NNPCL Of Misleading Claims On $1bn Investment

Inflation: How Rising Food Prices Are Forcing Nigerians To Choose Between Meals Or Survival

Nigerian Stock Market Hits 100,000 Points As Buyers Drive Key Gains

CBN Imposes N1.2m Daily Cash Transaction Limit On PoS Agents

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 18th December 2024

Why Nigerian Banks, Others Will Face Turbulent 2025 – Fitch Ratings Predicts

AfDB Urges Action As Nigeria, African Nations Face $74bn Debt Burden

No Merry Christmas: How Nigeria’s Inflation Rate Is Stealing Festive Joy

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 17th December 2024

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Five Best-Performing Banks In Q3 2025 — By Profit Growth

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