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Business - Page 23

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

New Investor Quietly Takes Over As Majority Shareholder Of Sovereign Trust Insurance

Power has changed hands in Sovereign Trust Insurance as New Eagle Millenium Limited quietly takes over as the majority shareholder of the company. While Sovereign Trust did not announce it through the director’s dealings platform of the Nigerian Exchange Limited (NGX), in

August 12, 2025

Business·Markets

Naira Opens Week With Decline Across Forex Markets

The Nigerian currency, the naira, opened the week on a note of decline across foreign exchange market windows. At the official market, the Central Bank of Nigeria (CBN) data showed that the naira traded ₦1,535.92 per dollar, at the Nigerian Foreign Exchange

August 12, 2025

Business·Currency·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 12th 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 12th August 2025, is

August 12, 2025

Business·Top Stories

NGX Rebounds With N79.61bn Gain

The stock market capitalisation of the Nigerian Exchange Limited (NGX) marginally increased by N79.61 billion to N92.29 trillion on Monday, August 11, from N92.21 trillion reported on Friday, August 8. Similarly, the all-share index (ASI) expanded by 125.86 basis points to 145,880.77

August 11, 2025

Business·Top Stories

AXA Mansard’s Profit Drops 95% To N586m In Q2 2025

Over N40.82 billion was generated by AXA Mansard in the second quarter (Q2) of 2025, surpassing the N33.77 billion recorded in the corresponding period in 2024, representing a 20.86 percent increase. AXA Mansard announced the turnover in its unaudited financial statement for

August 11, 2025

Business·Top Stories

State Of India No Longer 5% Stakeholder In Sterling Bank’s Parent Company

The State of India is no longer a 5 percent stakeholder in Sterling Financial Holdings Company, the parent company of Sterling Bank, following the financial institution’s share dilution in the second quarter (Q2) of 2025. Sterling Financial Holdings had conducted a rights

August 11, 2025

Business

Cocoa, Fertiliser Rank Top As Nigeria’s Non-oil Exports Hit $3.2bn In H1 2025

Nigeria’s non-oil exports saw a significant increase of 19.6 per cent in the first half of 2025, reaching $3.23 billion, according to data released by the Nigerian Export Promotion Council (NEPC). This is considered a boost to Nigeria’s economic diversification agenda amid

August 11, 2025

Business·Currency·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 11th August 2025

August 11, 2025

Business·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 10th August 2025

August 10, 2025

Business·Top Stories

Nigeria’s FDI Drops 70% Despite Rise In Capital Importation

Nigeria’s foreign direct investment (FDI) has indeed experienced a sharp decline, dropping by 70.06 per cent in the first quarter (Q1) of 2025 to $126.29 million, down from $421.88 million in Q4 2024. This is even at the country recorded a 67 per cent year-on-year rise in total

August 9, 2025

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Business - Page 23

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

New Investor Quietly Takes Over As Majority Shareholder Of Sovereign Trust Insurance

Naira Opens Week With Decline Across Forex Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 12th August 2025

NGX Rebounds With N79.61bn Gain

AXA Mansard’s Profit Drops 95% To N586m In Q2 2025

State Of India No Longer 5% Stakeholder In Sterling Bank’s Parent Company

Cocoa, Fertiliser Rank Top As Nigeria’s Non-oil Exports Hit $3.2bn In H1 2025

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 11th August 2025

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 10th August 2025

Nigeria’s FDI Drops 70% Despite Rise In Capital Importation

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