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Business - Page 30

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·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 25th 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 25th August 2025, is

August 25, 2025

Business

NNPCL’s Revenue, PAT Drop In July

The Nigerian National Petroleum Company Limited (NNPCL) experienced a significant financial downturn in July 2025, with both revenue and profit after tax (PAT) declining sharply compared to the previous month. The national oil company’s revenue dropped to N4.406 trillion, while profit

August 24, 2025

Business

FAAC Disburses N2.001trn July Revenue To FG, States, LGAs

The Federation Account Allocation Committee (FAAC) has disbursed a total sum of N2.001 trillion to the three tiers of government (federal, states and local councils) as Federal allocation for the month of July 2025 from a gross total of N3.836 trillion. This

August 23, 2025

Business·Currency·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 23rd August 2025

August 23, 2025

Business·Top Stories

Morison Reduces Pretax Loss To N3.89m As Revenue Rises 95%

Morison Industries saw a 95.87 percent growth in its revenue in the first half (H1) of 2025, as turnover increased to N225.73 million, surpassing the N115.24 million grossed between January and June 2024. In the company’s unaudited financial reports for the first

August 22, 2025

Business·Top Stories

NGX Rebounds With N424.96bn Gain, FTN Cocoa, Beta Glass Lead Recovery

On Friday, August 22, the stock market gained N424.96 billion after the market capitalisation of the Nigerian Exchange Limited (NGX) grew to N89.20 trillion, from the N88.78 trillion posted on Thursday, August 21. This followed a 671.7 basis points gain recorded by

August 22, 2025

Business·Top Stories

Champion Brew’s Stock Outperforms Guinness, Nigerian Breweries, International Breweries In H1 2025

The brewery companies in the Nigerian Exchange Limited (NGX), also known as the stock market, closed the first half (H1) of 2025 on a high as the shares of Champion Brew, Nigerian Breweries, Guinness, and the International Breweries soared during the period.

August 22, 2025

Business·Finance & Economy

Nigeria’s External Reserves Hit Four-Year High Of $41bn

Nigeria’s external reserves have reached a significant milestone, hitting a four-year high of $41.046 billion as of August 20, 2025. This achievement marks the highest level since December 2021 and reflects a notable recovery from the reserves’ depletion in recent years. This

August 22, 2025

Business·News·Power

Reps Probe N2.6trn Debt Owed By Discos

The House of Representatives Public Accounts Committee has launched a comprehensive investigation into the N2.6 trillion debt owed by Nigeria’s electricity distribution companies (Discos) to the Federal Government. The 11 electricity distribution companies have been summoned before the House Public Accounts Committee

August 21, 2025

Business·Top Stories

BUA Cement, UPL Drag Stock Market Cap Down By N780.64bn

The market capitalisation of the Nigerian Exchange Limited (NGX), also known as the Nigerian stock market, depreciated by N780.64 billion to N88.78 trillion on Thursday, August 21. According to the data obtained by the NGX, the bourse had closed trading on Wednesday,

August 21, 2025

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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 30

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

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 25th August 2025

NNPCL’s Revenue, PAT Drop In July

FAAC Disburses N2.001trn July Revenue To FG, States, LGAs

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 23rd August 2025

Morison Reduces Pretax Loss To N3.89m As Revenue Rises 95%

NGX Rebounds With N424.96bn Gain, FTN Cocoa, Beta Glass Lead Recovery

Champion Brew’s Stock Outperforms Guinness, Nigerian Breweries, International Breweries In H1 2025

Nigeria’s External Reserves Hit Four-Year High Of $41bn

Reps Probe N2.6trn Debt Owed By Discos

BUA Cement, UPL Drag Stock Market Cap Down By N780.64bn

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