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Business - Page 29

First HoldCo, Lasaco Add N244.61bn To Nigerian Stock Market

The Nigerian Exchange Limited (NGX) said the market capitalisation for the stock market increased to N95.52 trillion on Wednesday, December 17, from the N95.28 trillion posted on Tuesday, December 16, representing a N244.61 billion gain. About 383.71 basis points were added to

December 17, 2025

Business·Top Stories

From N2.36bn To N1.22bn… Ogun State’s Investment In Sunu Assurances Declining

The value of investment held by Gateway Holdings Limited, an investment vehicle owned by Ogun state government, in Sunu Assurances has declined by 48.15 percent year-to-date, as equity traders in the Nigerian stock market hold bearish sentiments towards the insurer. Gateway Holdings

August 26, 2025

Business·Power

Nigerian DisCos Generate N1.13trn Revenue In H1 2025

The 11 electricity distribution companies (Discos) in Nigeria generated a combined total of N1.10 trillion in the first half of 2025. This was revealed in the latest report released by the Nigerian Electricity Regulatory Commission (NERC). This H1 2025 figure is higher than

August 26, 2025

Business·Opinion

How AfCFTA Can Boost Small Business Growth In Nigeria, Inspire Africa

The African Continental Free Trade Area (AfCFTA) is a game-changer for Africa’s economic development, and Nigeria is poised to play a pivotal role in its success. With its vibrant market, significant economic weight, and strategic location, Nigeria can leverage AfCFTA to unlock

August 26, 2025

Business·News

China’s Trade with South Africa to Mitigate US Tariffs

Chinese Ambassador to South Africa, Wu Peng, believes that trade with China will help alleviate the impact of the US’s 30% reciprocal tariffs on South Africa. According to Wu, bilateral trade between China and South Africa reached $34.18 billion in 2024, with

August 26, 2025

Business·Currency·Markets

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

August 26, 2025

Business·News

UBA Unveils 5th Super Savers Promo, Sets Aside N150m to Reward Customers

United Bank for Africa (UBA) Plc has launched the fifth edition of its Super Savers Promo, tagged “Season of Progress,” aimed at deepening financial inclusion, promoting a culture of savings, and rewarding loyal customers across the country. The nine-month campaign, which kicked

August 26, 2025

Business·Top Stories

NGX Market Cap Surge N284bn To N89.49trn

The Nigerian Exchange Limited (NGX) saw a N284.46 billion increase in the market capitalisation, which surged to N89.49 trillion on Monday, August 25, from N89.20 trillion on Friday, August 22. NGX data also showed the all-share index (ASI) of the NGX, also

August 25, 2025

NIgerian Customs Comptroller General Adewale Adeniyi

Business

Concerns As New Customs Licensing Fee Jumps 20-fold

The recent proposal by the Nigeria Customs Service (NCS) for a significant increase in licensing fees for customs agents, freight forwarders, and related stakeholders has sparked concerns within the import-export sector, especially regarding the impact on the economy. The proposed adjustment represents

August 25, 2025

Business·Top Stories

Dangote Sugar’s Revenue Rises To N430bn, Pretax Loss Drops To N22bn In H1 2025

Within the first six months of 2025, Dangote Sugar grossed N430.21 billion in revenue, up by 45.52 percent, as it outstripped the N295.62 billion turnover achieved in the first half (H1) of 2024. The company announced the revenue increase in its consolidated

August 25, 2025

Business·Top Stories

Otedola, First HoldCo Shareholders’ Investments On Decline Since Otudeko’s Exit

Since Oba Otudeko, the former chairman of First HoldCo and second-largest investor, exited the company unceremoniously, the financial institution’s share value has depreciated by N2.9 kobo, erasing N121.44 billion from shareholders’ investment value. Reports had circulated on July 17 that Otudeko had

August 25, 2025

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Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

The government of Venezuela has condemned what it described as

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

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Business - Page 29

First HoldCo, Lasaco Add N244.61bn To Nigerian Stock Market

From N2.36bn To N1.22bn… Ogun State’s Investment In Sunu Assurances Declining

Nigerian DisCos Generate N1.13trn Revenue In H1 2025

How AfCFTA Can Boost Small Business Growth In Nigeria, Inspire Africa

China’s Trade with South Africa to Mitigate US Tariffs

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

UBA Unveils 5th Super Savers Promo, Sets Aside N150m to Reward Customers

NGX Market Cap Surge N284bn To N89.49trn

Concerns As New Customs Licensing Fee Jumps 20-fold

Dangote Sugar’s Revenue Rises To N430bn, Pretax Loss Drops To N22bn In H1 2025

Otedola, First HoldCo Shareholders’ Investments On Decline Since Otudeko’s Exit

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Business - Page 29

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