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Business - Page 33

UBA Posts ₦538bn Profit After Tax in Q3 2025, Strengthens Capital Base with Rights Issue Completion

United Bank for Africa (UBA) Plc has reported a profit after tax (PAT) of ₦537.53 billion for the third quarter ended September 30, 2025, representing a 2.3 per cent increase from the ₦525.31 billion recorded in the same period last year. The

October 31, 2025

Business

It’s Too Early For CBN To Cut Interest Rate – Experts

Economic experts have said the Decision of the Central Bank of Nigeria (CBN) to retain the monetary policy rate, also known as the benchmark interest rate at 27.5 per cent was the right decision given the status of the economy. The CBN’s

July 23, 2025

Business·Top Stories

Investing In Wema Bank Shares More Profitable Than Hoarding Dollars In 2025

Year-to-date, investing in Wema Bank has been more profitable than hoarding the United States dollar (USD), according to analysis by Prime Business Africa. Between January 2 and July 23, the dollar has traded flat against the naira at N1,534/$ in the official

July 23, 2025

Business·Top Stories

Equity Investors Trade N17bn Shares In Nigerian Bourse, Market Cap Rises N66.86bn

The market capitalisation of the Nigerian Exchange Limited (NGX) increased by N66.86 billion to N83.85 trillion on Wednesday, July 23, from N83.78 trillion reported on Tuesday, July 22. Similarly, the all-share index (ASI) expanded to 132,557.43 ASI, after adding 105.7 basis points

July 23, 2025

Business·Top Stories

Cadbury Nigeria Generates N37bn, Posts N5.97bn Profit After Tax

Cadbury Nigeria Plc generated N37.22 billion in the first quarter (Q1) of 2025, compared to the N23,69 billion recorded in the same period last year, representing an increase of 57 percent. The confectionery and beverages company, in its unaudited financial statements for

July 23, 2025

Business·Currency·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 23rd July 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 black market, as of 23rd July 2025, is N1,540

July 23, 2025

Business·Top Stories

Nigeria’s Gross External Reserves Rise To $40.11bn – CBN

The Central Bank of Nigeria (CBN) Governor, Dr Olayemi Cardoso, says Nigeria’s gross external reserves rose to $40.1 billion as of July 2025. He said this figure represents about 9.5 months of import cover for goods. This marks a significant rebound from earlier

July 23, 2025

Business·Oil & Gas·Top Stories

NNPC Revenue Drops By 23.9% Amid Global Oil Market Volatility

The Nigerian National Petroleum Company (NNPC) Limited reported a 23.9 per cent decline in oil revenue in June 2025, dropping to ₦4.57 trillion from ₦6 trillion in May. This marked the lowest revenue in three months. The drop was attributed to volatile global crude prices in recent times, driven by geopolitical

July 22, 2025

Business·Top Stories

Dangote Sugar, Sovereign Insurance Lift Nigerian Stock Market Cap By N395bn

A 0.47 percent increase in the all-share index (ASI) added N395.34 billion to the Nigerian stock market capitalisation on Tuesday, July 22. This increased the market capitalisation to N83.78 trillion, from N83.39 trillion recorded on Friday, July 18, while the ASI expanded

July 22, 2025

Business·Top Stories

Briclinks Africa’s Revenue Rises By 3%, Total Assets Drop To N8.10bn

Briclinks Africa has reported a turnover of N135.61 million in the second quarter (Q2) of 2025, up slightly by 3 percent compared to the N131.66 million revenue recorded in the first quarter (Q1) of 2025. The company, in its financial statements for

July 22, 2025

Business·Top Stories

Most Valuable Paint Manufacturers In Nigeria In Q2 2025

The combined market valuation of paint manufacturers listed on the Nigerian Exchange Limited (NGX) increased to N55.54 billion in the second quarter (Q2) of 2025. According to analysis by Prime Business Africa, the market valuation, which comprises Chemical Allied and Products (CAP)

July 22, 2025

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Business - Page 33

UBA Posts ₦538bn Profit After Tax in Q3 2025, Strengthens Capital Base with Rights Issue Completion

It’s Too Early For CBN To Cut Interest Rate – Experts

Investing In Wema Bank Shares More Profitable Than Hoarding Dollars In 2025

Equity Investors Trade N17bn Shares In Nigerian Bourse, Market Cap Rises N66.86bn

Cadbury Nigeria Generates N37bn, Posts N5.97bn Profit After Tax

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

Nigeria’s Gross External Reserves Rise To $40.11bn – CBN

NNPC Revenue Drops By 23.9% Amid Global Oil Market Volatility

Dangote Sugar, Sovereign Insurance Lift Nigerian Stock Market Cap By N395bn

Briclinks Africa’s Revenue Rises By 3%, Total Assets Drop To N8.10bn

Most Valuable Paint Manufacturers In Nigeria In Q2 2025

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