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Business - Page 34

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·Currency·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 22nd 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 22nd July 2025, is N1,540

July 22, 2025

Business·Currency·Markets

Naira Falls Against Dollar Across FX Markets

After ending last week on a positive note, the Nigerian naira depreciated against the United States Dollar across official and parallel foreign exchange windows as the market opened this week. The Central Bank of Nigeria’s foreign exchange data showed that the naira

July 22, 2025

Business·Finance & Economy·Top Stories

Services, Industry Sectors Drive Nigeria’s Economic Growth As GDP Rises By 3.13% In Q1 2025

Nigeria’s economy grew by 3.13 per cent year-on-year (YoY) in real terms in the first quarter (Q1) of 2025. This is according to data released by the National Bureau of Statistics (NBS) on Monday, 21 July 2025. This growth reflects a rebasing of the Gross Domestic Product

July 21, 2025

Business·Top Stories

NGX Market Cap Rises By N152.79bn To N83.39trn

The market capitalisation of the Nigerian Exchange Limited (NGX) increased to N83.39 trillion on Monday, July 21, from N83.24 trillion recorded on Friday, July 18. This represents an increase of N152.79 billion. Also, the all-share index (ASI) increased to 131,826.77 ASI, from

July 21, 2025

Business·Oil & Gas

Oil, Gas Suppliers Kick Against Dangote’s Direct Supply To End Users

Plans by Dangote refinery to begin direct supply of petroleum products to end users have been met with opposition by Natural Oil & Gas Suppliers Association of Nigeria (NOGASA). The group said the move, which would lead to bypassing the existing distribution

July 21, 2025

Business·Power

GenCos Reject Band A Electricity Tariff Slash To N160/kwh In Enugu

Power Generation companies have responded to the declaration of tariff slash for Band A customers in Enugu State, saying it is unsustainable. The GenCos strongly opposed the order issued by the Enugu Electricity Regulatory Commission, stating that it was based on an

July 21, 2025

Business·Top Stories

Indian Investors Udani Family Lose N7.59bn In Nigerian Stock Market

The Udani family, Indian investors and majority shareholders of MeCure Industries, have lost N7.59 billion in the Nigerian stock market between January 2 and July 18, according to Prime Business Africa’s analysis. Comprising three family members, Samir Udani, with 1.09 billion shares

July 21, 2025

Business·Top Stories

MeCure’s Debt Burden Reduces Profit To N812m

In the first quarter (Q1) of 2025, MeCure Industries generated N13.29 billion, compared to the N8.07 billion turnover recorded in the corresponding period in 2024, representing an increase of 64.53 percent. According to the company’s Q1 financial report for the period ended

July 21, 2025

Business·Currency·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 21st July 2025

July 21, 2025

Business·Power

Enugu Electricity Regulatory Commission Reduces Band A Tariff From N209 To N160/Kwh

With effect from August 1, 2025, the Enugu State Electricity Regulatory Commission (EERC) has revised the Band A electricity tariff from N209/per kilowatt hour (kWh) to N160 per kWh. This new tariff was issued to MainPower Electricity Distribution Limited, the utility firm that

July 21, 2025

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Business - Page 34

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

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 22nd July 2025

Naira Falls Against Dollar Across FX Markets

Services, Industry Sectors Drive Nigeria’s Economic Growth As GDP Rises By 3.13% In Q1 2025

NGX Market Cap Rises By N152.79bn To N83.39trn

Oil, Gas Suppliers Kick Against Dangote’s Direct Supply To End Users

GenCos Reject Band A Electricity Tariff Slash To N160/kwh In Enugu

Indian Investors Udani Family Lose N7.59bn In Nigerian Stock Market

MeCure’s Debt Burden Reduces Profit To N812m

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 21st July 2025

Enugu Electricity Regulatory Commission Reduces Band A Tariff From N209 To N160/Kwh

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