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Business - Page 38

Arab Bank, DCO Agree on Framework for Cooperation on Inclusive, Sustainable Digital Economies

The Digital Cooperation Organization (DCO), the world’s first standalone international intergovernmental organization dedicated to accelerating inclusive and sustainable digital economies, and the Arab Bank for Economic Development in Africa (BADEA) Friday signed a Memorandum of Understanding (MoU) as part of an ongoing

November 1, 2025

Business·Currency·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 15th 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 15th July 2025, is N1,550

July 15, 2025

Business·Currency·Markets

Naira Opens Week With Massive Gain Against Dollar

The Nigerian naira began the week on a positive note, recording a significant gain against the United States dollar at the official foreign exchange market. According to data released by the Central Bank of Nigeria (CBN), the naira appreciated to ₦1,518.88 per

July 15, 2025

Business·Top Stories

Femi Otedola Reduces Investment In Geregu Power

Femi Otedola, the chairman of Geregu Power, has reduced his investment in the company, according to the unaudited interim financial statements for the first half (H1) of 2025, released by the firm on Friday, July 11. In the financial statement, Prime Business

July 14, 2025

Business·Top Stories

Valuation Of Nigerian Stock Market Crosses N80trn

The stock market opened trading on Monday, July 14, with a N340 billion gain, after the equity capitalisation hit N80.14 trillion, up from N79.80 trillion recorded on Friday, July 11. According to data obtained from the Nigerian Exchange Limited (NGX), the all-share

July 14, 2025

Business·Finance & Economy

Nigeria’s Exports To U.S. Fall By $527m As Trade Tensions Deepen

Exports of Nigerian goods to the United States dropped by $527 million year-on-year to $2.12 billion between January and May 2025 from $2.65 billion in the corresponding period of 2024. This reflects a 20 per cent drop, according to official data from

July 14, 2025

Business·Finance & Economy

More Confidence In Nigeria’s FX Market As FPI Inflows Rise By 134% In June

Foreign Portfolio Investment (FPI) has continued to dominate foreign inflows into Nigeria’s economy. It rose by 133.6 per cent month-on-month to $2.73 billion in June 2025. This is considered the highest level in more than two years. FPIs constituted 56.3 per cent

July 14, 2025

Business·Top Stories

Grand Towers Grows Revenue To N530m, Net Income Rises 320%

Grand Towers, the parent company of Grand Towers Hospitality Ltd and Grand Towers Leisure Ltd, generated N530.66 million in revenue in 2024, surpassing the N161.95 million reported in 2023. The 227.66 percent increase in its turnover was driven by the dividends received

July 14, 2025

Business·Currency·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 14th July 2025

July 14, 2025

Business·Currency·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 13th July 2025

July 13, 2025

Business·News

CBN Fixes Date For MPC Meeting To Decide On Interest Rate

The Central Bank of Nigeria (CBN) has fixed a date for the 301st Monetary Policy Committee (MPC) meeting, where a decision for the benchmark interest rate will be made. In the meeting scheduled to hold on Monday, 21 July and Tuesday, 22

July 12, 2025

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Business - Page 38

Arab Bank, DCO Agree on Framework for Cooperation on Inclusive, Sustainable Digital Economies

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 15th July 2025

Naira Opens Week With Massive Gain Against Dollar

Femi Otedola Reduces Investment In Geregu Power

Valuation Of Nigerian Stock Market Crosses N80trn

Nigeria’s Exports To U.S. Fall By $527m As Trade Tensions Deepen

More Confidence In Nigeria’s FX Market As FPI Inflows Rise By 134% In June

Grand Towers Grows Revenue To N530m, Net Income Rises 320%

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 14th July 2025

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 13th July 2025

CBN Fixes Date For MPC Meeting To Decide On Interest Rate

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