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Business - Page 36

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, July 18 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 18th July 2025, is N1,540

July 18, 2025

Business

10 Nigerian States With Highest Food Inflation In June 2025

Nigeria’s inflation rate has been on a downward trend for the third consecutive month. The Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS) on Wednesday shows that the headline inflation further dropped to 22.22 per cent in

July 17, 2025

Business·Top Stories

Gains Recorded By First HoldCo, BUA Cement, Others Add N833bn To NGX

Over N833 billion was added to the equity capitalisation of the Nigerian Exchange Limited (NGX) on Thursday, July 17, as the all-share index (ASI) expanded by 1,316.78 basis points. The addition raised the Nigerian stock market capitalisation to N82.41 trillion from N81.58

July 17, 2025

Business·Top Stories

Heirs Insurance Grows Revenue To N14.32bn

Heirs Insurance has disclosed that it recorded N14.32 billion revenue in 2024, surpassing the N12.05 billion generated in 2023, representing an increase of 18.78 percent. The insurer reported that insurance service expenses gulped N11.76 billion in full year (FY) 2024, more than

July 17, 2025

Business

UBA Seeks To Raise N157.8bn Through Rights Issue

In its quest to meet the Central Bank of Nigeria’s new capital requirements, the United Bank for Africa (UBA) has declared its intention to raise N157.8 billion by means of a rights issue. This was disclosed in a statement signed by the

July 17, 2025

Business·Top Stories

Oba Otudeko Exits First HoldCo, Sells Off Shares

The former chairman of First Bank, Oba Otudeko, has exited First HoldCo, as he partook in 17 deals to trade 10.43 billion shares, worth N323.45 billion, on Wednesday, July 16. According to reports, the shares were sold to First Securities Ltd, through

July 17, 2025

Business·Currency·Markets

Naira Falls To ₦1,530/$ At Official Market After Public Holiday

The Nigerian naira recorded a mixed performance across foreign exchange market windows on Wednesday, a day after the public holiday observed in honour of late former President Muhammadu Buhari. While the naira depreciated at the official market, it appreciated at the parallel

July 17, 2025

Business·Top Stories

Investment In Berger Paints Was More Profitable Than Meyer, CAP In Q2

Berger Paints ended the second quarter (Q2) of 2025 as the best-performing paint manufacturing company in the Nigerian stock market, outperforming its rivals, Chemical Allied Products (CAP) Plc and Meyer. The three companies have a total market valuation of N55.54 billion as

July 16, 2025

Business·Top Stories

Nigerian Stock Market Cap Rises By N1.44trn As First HoldCo Records N324bn Trades

After trading on Wednesday, the stock market capitalisation grew to N81.58 trillion, from N80.14 trillion, as First HoldCo records N324.47 billion trades. The market capitalisation increased by N1.44 trillion, while the all-share index (ASI) expanded by 4,520.28 basis points to 128,967.08 ASI,

July 16, 2025

Business

Marketers Fret As Dangote Moves To Crash Cooking Gas Price

President of Dangote Group, Alhaji Aliko Dangote, has announced plans by his Refinery to begin direct sale of cooking gas, also referred to as Liquefied Petroleum Gas (LPG), with the goal of bringing down the cost for consumers. He said his company

July 16, 2025

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Business - Page 36

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, July 18 2025

10 Nigerian States With Highest Food Inflation In June 2025

Gains Recorded By First HoldCo, BUA Cement, Others Add N833bn To NGX

Heirs Insurance Grows Revenue To N14.32bn

UBA Seeks To Raise N157.8bn Through Rights Issue

Oba Otudeko Exits First HoldCo, Sells Off Shares

Naira Falls To ₦1,530/$ At Official Market After Public Holiday

Investment In Berger Paints Was More Profitable Than Meyer, CAP In Q2

Nigerian Stock Market Cap Rises By N1.44trn As First HoldCo Records N324bn Trades

Marketers Fret As Dangote Moves To Crash Cooking Gas Price

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