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Business - Page 16

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·Top Stories

Nigerian Paint Billionaires Have Gained N17.10bn In Eight Months

In the last eight months, the majority shareholders of the three paint manufacturers listed on the Nigerian Exchange Limited (NGX), also known as the stock market, have recorded a combined gain of N17.10 billion. Prime Business Africa understands that the three majority

August 27, 2025

Business·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 27th 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 27th August 2025, is

August 27, 2025

Business·Top Stories

Berger Paints, Beta Glass, Others Lift NGX Market Cap By N203.46bn

Over N203.46 billion was added to the market capitalisation of the Nigerian Exchange Limited (NGX), also known as the Nigerian stock market, on Tuesday, August 26. The market capitalisation had closed at N89.69 trillion after trading hours, up from the N89.49 trillion

August 26, 2025

Business·Top Stories

BUA Foods Secures N470.21bn Revenue In Three Months

BUA Foods recorded N470.21 billion turnover in the second quarter (Q2) of 2025, up by 49.05 percent when compared to the N315.47 billion secured in the corresponding period of last year. This was disclosed in BUA Foods’ unaudited financial statements for the

August 26, 2025

Business·Top Stories

From N2.36bn To N1.22bn… Ogun State’s Investment In Sunu Assurances Declining

The value of investment held by Gateway Holdings Limited, an investment vehicle owned by Ogun state government, in Sunu Assurances has declined by 48.15 percent year-to-date, as equity traders in the Nigerian stock market hold bearish sentiments towards the insurer. Gateway Holdings

August 26, 2025

Business·Power

Nigerian DisCos Generate N1.13trn Revenue In H1 2025

The 11 electricity distribution companies (Discos) in Nigeria generated a combined total of N1.10 trillion in the first half of 2025. This was revealed in the latest report released by the Nigerian Electricity Regulatory Commission (NERC). This H1 2025 figure is higher than

August 26, 2025

Business·Opinion

How AfCFTA Can Boost Small Business Growth In Nigeria, Inspire Africa

The African Continental Free Trade Area (AfCFTA) is a game-changer for Africa’s economic development, and Nigeria is poised to play a pivotal role in its success. With its vibrant market, significant economic weight, and strategic location, Nigeria can leverage AfCFTA to unlock

August 26, 2025

Business·News

China’s Trade with South Africa to Mitigate US Tariffs

Chinese Ambassador to South Africa, Wu Peng, believes that trade with China will help alleviate the impact of the US’s 30% reciprocal tariffs on South Africa. According to Wu, bilateral trade between China and South Africa reached $34.18 billion in 2024, with

August 26, 2025

Business·Currency·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 26th August 2025

August 26, 2025

Business·News

UBA Unveils 5th Super Savers Promo, Sets Aside N150m to Reward Customers

United Bank for Africa (UBA) Plc has launched the fifth edition of its Super Savers Promo, tagged “Season of Progress,” aimed at deepening financial inclusion, promoting a culture of savings, and rewarding loyal customers across the country. The nine-month campaign, which kicked

August 26, 2025

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Business - Page 16

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

Nigerian Paint Billionaires Have Gained N17.10bn In Eight Months

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 27th August 2025

Berger Paints, Beta Glass, Others Lift NGX Market Cap By N203.46bn

BUA Foods Secures N470.21bn Revenue In Three Months

From N2.36bn To N1.22bn… Ogun State’s Investment In Sunu Assurances Declining

Nigerian DisCos Generate N1.13trn Revenue In H1 2025

How AfCFTA Can Boost Small Business Growth In Nigeria, Inspire Africa

China’s Trade with South Africa to Mitigate US Tariffs

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 26th August 2025

UBA Unveils 5th Super Savers Promo, Sets Aside N150m to Reward Customers

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Business - Page 16

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