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Business - Page 20

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·Currency·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 18th 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 18th August 2025, is

August 18, 2025

Business·News·Transport

Nigeria, Brazil To Sign MoU On Direct Flights During Tinubu’s State Visit

Nigeria and Brazil are set to sign a landmark Memorandum of Understanding (MoU) to establish direct flights between the two countries, a move expected to boost trade, tourism, and cultural ties. The agreement, framed as a Bilateral Air Service Agreement (BASA), will

August 18, 2025

Business

CPPE Highlights What Must Be Done To Sustain Disinflation In Nigeria

While the authorities celebrate a consecutive decline in Nigeria’s inflation rate, the Centre for Promotion of Private Enterprise (CPPE) has warned that structural issues that drive costs in the economy still persist and should be addressed to sustain the gains. The latest

August 18, 2025

Business

CardinalStone Predicts Nigeria’s Inflation To Continue Declining In August

Analysts at CardinalStone Research have predicted that Nigeria’s inflation will record further decline in August 2025, continuing the downward trajectory. The July 2025 inflation report released by the National Bureau of Statistics (NBS) on Friday showed that headline inflation dropped for the fourth

August 17, 2025

Business

Nigeria Retains Position As Third-largest Debtor To World Bank’s IDA

Nigeria’s debt to the World Bank’s International Development Association (IDA) has increased to $18.2 billion as of 30 June 2025, reflecting a year-on-year rise of $1.7 billion or 10.3 percent from $16.5 billion recorded in June 2024. With the latest figure, Nigeria retains its position

August 17, 2025

Business·Currency·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 17th August 2025

August 17, 2025

Business

NAICOM Orders Insurers To Meet New Capital Requirement Or Face Liquidation

The National Insurance Commission (NAICOM) has issued a warning to insurance and reinsurance companies in Nigeria regarding the new Minimum Capital Requirements (MCR). The Nigerian Insurance Industry Reform Act (NIIRA) 2025, signed recently by President Tinubu on 31 July 2025, introduced a new MCR for

August 16, 2025

Business·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 16th August 2025

August 16, 2025

Business·Markets

Oando Completes Tranche One Share Distribution To Shareholders

Nigerian indigenous oil and gas company, Oando Plc, has announced the completion of Tranche One of its Share Distribution Programme, delivering additional value to eligible shareholders through a pro-rata share allocation. This comes after a resolution was approved by shareholders at the

August 15, 2025

Business·Top Stories

Nigerian Bourse Closes With N425bn Loss

The all-share index closed trading on Friday, August 15, with a 0.46 percent decline, dropping from the 145,300.01 ASI reported on Thursday, August 14, to settle at 144,628.2 ASI. According to data published by the Nigerian Exchange Limited (NGX), with the all-share

August 15, 2025

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Business - Page 20

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

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 18th August 2025

Nigeria, Brazil To Sign MoU On Direct Flights During Tinubu’s State Visit

CPPE Highlights What Must Be Done To Sustain Disinflation In Nigeria

CardinalStone Predicts Nigeria’s Inflation To Continue Declining In August

Nigeria Retains Position As Third-largest Debtor To World Bank’s IDA

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 17th August 2025

NAICOM Orders Insurers To Meet New Capital Requirement Or Face Liquidation

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 16th August 2025

Oando Completes Tranche One Share Distribution To Shareholders

Nigerian Bourse Closes With N425bn Loss

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