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Business - Page 25

Neimeth Suffers N2bn FX Loss, Records 50% Decline In Loss After Tax

Neimeth Generates N3.09bn From Drug Sales In Nine Months

Neimeth International Pharmaceuticals Plc generated N5 billion in the first nine months of 2025, surpassing the N3.09 billion turnover recorded in the corresponding period in 2024, representing a 62 percent growth. The drug maker, in its financial statements for the period ended

December 16, 2025

Business·News·Transport

Air Peace, Ibom Air, Nigeria’s Aviation Market Under Siege: Foreign Airlines Rake in $1.7 Billion

The Nigerian aviation market has become a cash cow for foreign airlines, with 18 international carriers operating over 200 weekly flights and raking in an estimated $1.7 billion annually. This staggering revenue comes at a time when Nigerian airlines are struggling to

September 3, 2025

Business·Currency·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 3rd September 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 3rd September 2025, is

September 3, 2025

Business·News

Nigeria’s Tier-2 Banks Brace for CBN Recapitalisation Shake-Up

Nigeria’s mid-sized banks – Wema Bank, Sterling Bank, First City Monument Bank (FCMB), Stanbic IBTC Bank, and Fidelity Bank – are under mounting pressure to scale up operations as the Central Bank of Nigeria’s (CBN) 2026 recapitalisation deadline looms. A new report

September 2, 2025

Business

Concerns As NIPOST Imposes $80 Duty On Every U.S.-bound Shipment

The latest move by the Nigerian Postal Service (NIPOST) to collect $80 duty on every postal shipment from Nigeria to the United States has generated concerns about the potential cost implications for Nigerians. NIPOST had on Friday, 29 August, announced that henceforth, all postal shipments

August 31, 2025

Business

African Airlines’ Cargo Demand Surges By 9.4%

African airlines demonstrated remarkable growth in air cargo demand during July 2025, with a 9.4 per cent year-on-year increase in cargo tonne-kilometers (CTK). This was revealed in the latest data released by the International Transport Association (IATA) for July 2025. This growth highlights the continent’s expanding

August 31, 2025

Business·Currency·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 31st August 2025

August 31, 2025

Business·Diaspora·News

Court Strikes Down Trump’s Tariffs as Illegal Overreach, Sets Stage for Supreme Court Battle

A divided U.S. appeals court has ruled that most of Trump’s tariffs are illegal, striking at the heart of one of his signature economic policies. The court allowed the levies to remain in place until October 14, giving the administration time to

August 30, 2025

Business·FEATURES

Will The CBN’s New Rule Stop POS Fraud?

The Central Bank of Nigeria (CBN)’s new rule requiring geotagging and geofencing of Point of Sale (PoS) terminals within a 10-meter radius aims to reduce fraud. However, there are significant challenges in implementing the policy. The CBN on Monday, 25 August, issued a circular

August 30, 2025

Business·Currency·Markets

Naira Records Marginal Gain As External Reserves Hit $41.27bn In August

The Nigerian naira saw a marginal gain of N2.17 against the United States dollar in August. According to the Central Bank of Nigeria (CBN) data, the naira traded at N1,531.57 per dollar at the Nigerian Foreign Exchange Market (NFEM) on Friday, 29

August 30, 2025

Business·News·Top Stories

GTCO Bolsters GTBank With N365.85 Billion Injection, Secures International Licence

Guaranty Trust Holding Company Plc has injected N365.85 billion into its subsidiary Guaranty Trust Bank Limited to comply with the Central Bank of Nigeria’s new capital requirements for internationally licensed banks. The capital injection, executed through a rights issue of nearly 7

August 30, 2025

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Bank of Japan Poised to Lift Rates to 30-Year High as Inflation Pressures Persist

The Bank of Japan (BOJ) is set to raise its

SEC Orders Full Registration of Tradable Instruments by January 2026

The Securities and Exchange Commission (SEC) has ordered all Capital

UK Targets Sugary Milk Drinks as Government Tightens Health Levy

The UK Labour government has expanded its existing sugar tax

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

What is the dollar-to-naira exchange rate on the black market,

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Business - Page 25

Neimeth Generates N3.09bn From Drug Sales In Nine Months

Air Peace, Ibom Air, Nigeria’s Aviation Market Under Siege: Foreign Airlines Rake in $1.7 Billion

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 3rd September 2025

Nigeria’s Tier-2 Banks Brace for CBN Recapitalisation Shake-Up

Concerns As NIPOST Imposes $80 Duty On Every U.S.-bound Shipment

African Airlines’ Cargo Demand Surges By 9.4%

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 31st August 2025

Court Strikes Down Trump’s Tariffs as Illegal Overreach, Sets Stage for Supreme Court Battle

Will The CBN’s New Rule Stop POS Fraud?

Naira Records Marginal Gain As External Reserves Hit $41.27bn In August

GTCO Bolsters GTBank With N365.85 Billion Injection, Secures International Licence

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Neimeth Generates N3.09bn From Drug Sales In Nine Months

Bank of Japan Poised to Lift Rates to 30-Year High as Inflation Pressures Persist

NBA Slams Police Plan to Resume Tinted Glass Enforcement, Cites Court Orders, Pending Judgment

Ezekwesili Bags International Anti-Corruption Lifetime Achievement Award in Doha

Bank of Japan Poised to Lift Rates to 30-Year High as Inflation Pressures Persist

SEC Orders Full Registration of Tradable Instruments by January 2026

UK Targets Sugary Milk Drinks as Government Tightens Health Levy

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

Neimeth Generates N3.09bn From Drug Sales In Nine Months

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Business - Page 25

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