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Business - Page 19

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

Jaiz Bank Grows Revenue By 25%, Records N7.62bn Profit In Three Months

Jaiz Bank ended the second quarter (Q2) of 2025 with N23.49 billion gross earnings, compared to the N18.72 billion reported in the corresponding period in 2024, indicating an increase of 25.45 percent. The financial institution announced the increase in its unaudited financial

August 20, 2025

Business·Currency·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 20th 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 20th August 2025, is

August 20, 2025

Business·Top Stories

Over N1.33bn Wiped Off Stock Market As Dangote Cement, Jaiz Bank Record Losses

The market capitalisation of the Nigerian stock market closed at N90.22 trillion on Tuesday, August 19, falling below the N91.56 trillion reported on Monday, August 18, indicating a decrease of N1.33 billion. The all-share index (ASI) depreciated by 2,109 basis points to

August 19, 2025

Business·Top Stories

Linkage Assurance Grows Revenue To N6.48bn, Profit Falls By 68%

Linkage Assurance reported N6.48 billion as insurance revenue in the second quarter (Q2) of 2025, exceeding the N5.67 billion posted in Q2 2024, indicating a growth of 14.34 percent. In the company’s Q2 2025 unaudited financial statement, Linkage Assurance said service expenses

August 19, 2025

Business·Top Stories

Aliko Dangote’s Investment In Sugar Business Grows By N205.78bn

Aliko Dangote, the founder of Dangote Sugar and Africa’s richest person, has seen the value of his investment in the sugar producer increase by 72.15 percent due to the company’s shares being one of the most sought-after year-to-date. According to analysis by

August 19, 2025

Business·Currency·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 19th August 2025

August 19, 2025

Business·Currency·Markets

FX Market: Naira Opens Week With Decline

The Nigerian naira opened the week on a negative note, recording depreciation against the United States Dollar at the official foreign exchange market on Monday, 18 August. The naira traded N1,533.67 per dollar at the Nigerian Foreign Exchange Market (NFEM) on Monday. This means

August 18, 2025

Business·Top Stories

AIICO Leads Gainers, Stanbic IBTC Tops Stock Market Losers’ List

On Monday, August 18, the Nigerian Exchange Limited’s (NGX) market capitalisation rose marginally to N91.56 trillion, from N91.50 trillion recorded on Friday, August 15. This represents an increase of N59,63 billion, which was driven by the 453.34 basis points recorded by the

August 18, 2025

Business·Top Stories

Nigerian Paint Tycoon Kayode Falowo Gains N1.51bn Amid Meyer’s Bullish Run

2025 has been a good year for Kayode Falowo, the chairman of Meyer Plc, as the company’s bullish run on the Nigerian Exchange Limited (NGX), also known as the Nigerian stock market, has increased the value of his investment in the paint

August 18, 2025

Business·Top Stories

Ecobank Records N794bn Revenue In Three Months

Ecobank’s interest income increased by 28 percent to N794.02 billion between April and June 2025, compared to the N620.01 billion generated in Q2 2024. Breakdown of the interest income showed interest income calculated using the effective interest method contributed N795.06 billion in

August 18, 2025

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Business - Page 19

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

Jaiz Bank Grows Revenue By 25%, Records N7.62bn Profit In Three Months

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 20th August 2025

Over N1.33bn Wiped Off Stock Market As Dangote Cement, Jaiz Bank Record Losses

Linkage Assurance Grows Revenue To N6.48bn, Profit Falls By 68%

Aliko Dangote’s Investment In Sugar Business Grows By N205.78bn

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 19th August 2025

FX Market: Naira Opens Week With Decline

AIICO Leads Gainers, Stanbic IBTC Tops Stock Market Losers’ List

Nigerian Paint Tycoon Kayode Falowo Gains N1.51bn Amid Meyer’s Bullish Run

Ecobank Records N794bn Revenue In Three Months

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Business - Page 19

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