Business - Page 2

Access Bank Raises N351bn, Emerges First Nigerian Bank To Meet CBN’s N500bn Capital Requirement

Access Holdings, Sterling Among Five Worst-Performing Bank Stocks

Out of 13 banks listed on the Nigerian stock market, three recorded a decline in their shareholders’ investment value, while 10 recorded growth in the first quarter (Q1) of 2025. During the

Prime Business Africa

April 28, 2025

Business

UBA’s Total Dividend Payout To Shareholders Rises By 79% In 2024

The United Bank for Africa (UBA) has paid out a total of N171 billion as dividends to its shareholders for the fiscal year 2024, reflecting a 79 per cent increase from the

Victor Ezeja

April 28, 2025

Business·Currency·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 28th April 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

April 28, 2025

Business·News

NDIC Begins Payment Of ₦46.6bn To Heritage Bank Depositors

The Nigeria Deposit Insurance Corporation (NDIC) has begun the payment of ₦46.6 billion as liquidation dividends to defunct Heritage Bank depositors who had funds more than the insured limit of ₦5 million.

Victor Ezeja

April 27, 2025

Business·Markets

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

April 27, 2025

UBA Raises N355.2 billion Of N500bn CBN’s Capital Requirement

Business

UBA Raises N355.2bn Of N500bn CBN’s Capital Requirement

The United Bank for Africa (UBA) has raised N355.2 billion out of the N500 billion new capital requirement mandated by the Central Bank of Nigeria (CBN). Chairman, UBA Group, Mr Tony Elumelu,

Victor Ezeja

April 26, 2025

Business·Currency·Markets

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

April 26, 2025

Naira Rises Against Dollar, Ends Week On Positive Note

Business·Currency·Markets

Naira Ends Week On A Positive Note With N1,589/$ At Official Market

The Nigerian Naira ended the week on a positive note across official and parallel segments of the foreign exchange market. Data published on the Central Bank of Nigeria (CBN) website shows that

Victor Ezeja

April 25, 2025

Business·FEATURES·Oil & Gas

Concerns For Nigeria’s Oil Market As Over 60 Million Barrels Remain Unsold

There are concerns that Nigeria’s oil industry is facing significant challenges as more than 60 million barrels of crude oil remain unsold due to a growing global supply glut and weakening demand. This oversupply

Victor Ezeja

April 25, 2025

Business·Top Stories

Over N202bn Wiped Off From Nigerian Stock Market

Decline in shares of Dangote Cement, Regal Insurance, and others wiped off N202.15 billion from the equity capitalisation of the Nigerian stock market. The market capitalisation declined from N66.66 trillion to N66.46

Prime Business Africa

April 25, 2025

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Business - Page 2

Access Holdings, Sterling Among Five Worst-Performing Bank Stocks

UBA’s Total Dividend Payout To Shareholders Rises By 79% In 2024

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 28th April 2025

NDIC Begins Payment Of ₦46.6bn To Heritage Bank Depositors

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

UBA Raises N355.2bn Of N500bn CBN’s Capital Requirement

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

Naira Ends Week On A Positive Note With N1,589/$ At Official Market

Concerns For Nigeria’s Oil Market As Over 60 Million Barrels Remain Unsold

Over N202bn Wiped Off From Nigerian Stock Market

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