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Business - Page 21

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

Nigeria’s Inflation Records Fourth-straight Drop To 21.88% Amid Food Price Surge

Nigeria’s headline inflation rate has dropped for the fourth consecutive time this year. The latest Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS) shows that the rate eased to 21.88 per cent in July 2025 from 22.22

August 15, 2025

Business·Top Stories

Cameroonian Investor Buys South African Firm’s 21.22% Stake In Ecobank

Cameroonian investor, Alain Nkontchou, has acquired a 21.22 percent stake held by South African-based Nedbank Group in Ecobank Transnational Incorporated (ETI). According to Ecobank on Friday, Nkontchou acquired the stake through his investment vehicle, Bosquet Investments Ltd, and the transaction remains subject

August 15, 2025

Business·Top Stories

Wema Bank Reports N240.65bn Profit In Six Months

In the first half (H1) of 2025, Wema Bank recorded N240.65 billion in interest income, exceeding the N146.06 billion notched up in H1 2024, representing an increase of 64.75 percent. According to the company’s consolidated and separate financial statements for the period

August 15, 2025

Business·Currency·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 15th 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 15th August 2025, is

August 15, 2025

Business·Oil & Gas

Oil Production Data Disparity May Affect Nigeria’s Quest For Higher OPEC Quota – Expert

Financial Analyst/Research Consultant, Ifeoma Nwokolo, has said the disparity between data released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the OPEC on Nigeria’s oil production may pose a challenge in the country’s quest for a higher quota. Nwokolo, who is

August 14, 2025

Business·Top Stories

Lagos State Reduces Investment In Lasaco Assurance

The two majority shareholders in Lasaco Assurances, Ibile Holdings Ltd, owned by the Lagos state government, and Canon Properties & Investments Ltd, owned by Akin Doherty, have reduced their investment in Lasaco Assurance. Lagos state reduced its stake in the insurer to

August 14, 2025

Business·Top Stories

Stock Market Extends Decline With N357bn Loss

At the end of trading on Thursday, August 14, the stock market capitalisation declined by N357.34 billion to N91.92 trillion, from N92.28 trillion on Wednesday, August 13. Also, the all-share index (ASI) decreased to 145,300.01 ASI from 145,864.8 ASI, indicating a drop

August 14, 2025

Business·Top Stories

Veritas Kapital Recovers With N1.97bn Profit

Veritas Kapital saw a 124.82 percent growth in revenue for the second quarter (Q2) of 2025, after recording a turnover of N7.94 billion, compared to N3.53 billion reported in the corresponding period in 2024. Additionally, the company reported in its consolidated and

August 14, 2025

Business·Currency·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 14th August 2025

August 14, 2025

Business·News

Adebayo Joins Africa’s Top 10 Billionaires After $800m BlackRock Windfall

Nigerian-born investment banker and infrastructure mogul Adebayo Ogunlesi has entered Africa’s top ten richest individuals after his net worth surged by $800 million in 2025, driven by gains in his stake in global asset management giant BlackRock. According to Billionaires.Africa, Ogunlesi’s fortune

August 13, 2025

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Business - Page 21

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

Nigeria’s Inflation Records Fourth-straight Drop To 21.88% Amid Food Price Surge

Wema Bank Reports N240.65bn Profit In Six Months

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 15th August 2025

Oil Production Data Disparity May Affect Nigeria’s Quest For Higher OPEC Quota – Expert

Lagos State Reduces Investment In Lasaco Assurance

Stock Market Extends Decline With N357bn Loss

Veritas Kapital Recovers With N1.97bn Profit

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 14th August 2025

Adebayo Joins Africa’s Top 10 Billionaires After $800m BlackRock Windfall

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Business - Page 21

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