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Business - Page 330

Five Best-Performing Banks In Q3 2025 — By Profit Growth

Sterling Financial Holdings Company, First City Monument Bank (FCMB), Stanbic IBTC, Wema Bank and Ecobank are the top five best-performing banks in Nigeria by pretax profit growth in the third quarter (Q3) of 2025. The five banks made it to the list

December 19, 2025

Business·News

Global Trade To Surge By 2.3% In 2024 – World Bank

The World Bank’s Global Economic Prospects report signals a rebound in global trade, aiming for a 2.3% growth in 2024 after a lackluster 2023. The report cites a return to normal trade patterns and a hopeful outlook, emphasizing the revival of goods

January 11, 2024

Energy, Exchange Rate, Transportation Top Three Drivers Of Inflation In Nigeria - CBN Survey

Business·News

CBN Dissolves Union, Keystone, Polaris Banks’ Boards, Assures Safety Of Depositors’ Funds

Central Bank of Nigeria (CBN) has dissolved the board and management team of Union Bank, Keystone Bank, and Polaris Bank.

January 10, 2024

Why Cement Price Keeps Rising – Producers

Business

Why Cement Prices Will Remain High In 2024 – Report

A Cardinal Stone analysis has predicted that cement prices in Nigeria may likely remain on the high side in 2024. The report titled ‘Nigeria cement rebounding from a tumultuous year’ attributed it to the government’s renewed emphasis on infrastructure and building projects.

January 10, 2024

How Loss Of Over $5 Trillion In U.S. Stock Exchange Affects Nigeria

Business·Markets

NGX: Market Sees Bearish Turn In 2024 As ASI Plunges By 1.4%

The Nigerian Exchange Group (NGX) experienced a notable shift on Wednesday, marking its first bearish trading day in 2024.

January 10, 2024

Naira Gains More As Exchange Rate Drops To N1,300/$1 At Official Market

Business·Currency

Naira Depreciation Deepens, Exchanges N1,089.51/$1 At Official Market 

The value of the Nigerian naira dropped on Tuesday in the official Investor and Exporter window from N856.57/$ on Monday to N1089.51/$.

January 10, 2024

Africa·Business

Forbes List: Dangote Reclaims Richest African Title From South Africa’s Johann Rupert

Aliko Dangote has regained his position as Africa's wealthiest individual, ousting South Africa's Johann Rupert from the top spot, as indicated by Forbes Real-Time Billionaires.

January 10, 2024

NGX ASI Further Drops By 0.67%, As BUA Cement, Eterna Among Top Losers

Business·Markets

Nigerian Banks’ Stocks Surge As Market Capitalization Hits N45trn Mark

Nigerian Exchange Limited witnessed an unprecedented surge, propelling the market capitalization to cross the monumental N45 trillion mark.

January 10, 2024

Business·News·Oil & Gas

NNPCL Records Over N2trn Profit Amid Battle Against Oil Theft

Nigerian National Petroleum Company Limited (NNPCL) announced its historic profit of N2.548tn in 2022, marking its peak since establishment.

January 10, 2024

Business·Finance & Economy·News

World Bank Predicts Return Of Nigeria’s Per Capita Income To Pre-pandemic Level By 2025

The World Bank’s latest Global Economic Prospects report paints a hopeful picture for Nigeria’s economic resurgence, forecasting a return to pre-pandemic per capita income levels by 2025. Speaking on the country’s prospects, World Bank analysts emphasized the gradual positive impact of the

January 10, 2024

Business·News·Transport

Aviation Unions Urge Tinubu To Scrap 40% Revenue Remittance, Citing Safety Concerns

Aviation unions, including the National Union of Air Transport Employees and the Air Transport Services Senior Staff Association of Nigeria, have jointly appealed to President Bola Tinubu to reconsider the 40% Internal Generated Revenue (IGR) remittance imposed on aviation agencies.

January 10, 2024

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Dollar Trades Flat In Black Market, Appreciates In Official Window

The dollar traded at N1,487.01/$1 in the parallel market on

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

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Business - Page 330

Five Best-Performing Banks In Q3 2025 — By Profit Growth

Global Trade To Surge By 2.3% In 2024 – World Bank

CBN Dissolves Union, Keystone, Polaris Banks’ Boards, Assures Safety Of Depositors’ Funds

Why Cement Prices Will Remain High In 2024 – Report

NGX: Market Sees Bearish Turn In 2024 As ASI Plunges By 1.4%

Naira Depreciation Deepens, Exchanges N1,089.51/$1 At Official Market

Forbes List: Dangote Reclaims Richest African Title From South Africa’s Johann Rupert

Nigerian Banks’ Stocks Surge As Market Capitalization Hits N45trn Mark

NNPCL Records Over N2trn Profit Amid Battle Against Oil Theft

World Bank Predicts Return Of Nigeria’s Per Capita Income To Pre-pandemic Level By 2025

Aviation Unions Urge Tinubu To Scrap 40% Revenue Remittance, Citing Safety Concerns

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Five Best-Performing Banks In Q3 2025 — By Profit Growth

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Five Best-Performing Banks In Q3 2025 — By Profit Growth

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