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Business - Page 41

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·Top Stories

Gains In Omatek, Champion Brew Add N226bn To Nigerian Stock Market

On Tuesday, July 8, trading closed with the market capitalisation rising by N226.24 billion to N76.75 trillion, from N76.53 trillion reported on Monday, July 7. Also, the all-share index (ASI) increased from 121,295.33 ASI to 121,653.93 ASI, representing an expansion of 358.6

July 8, 2025

Business·Top Stories

Ikeja Hotel Outperforms Transcorp Hotels In Q2 As Its Shareholders Gain 58%

Ikeja Hotel outperformed Transcorp Hotels in the stock market in the second quarter (Q2) of 2025, as stock market investors preferred the former over the latter during the period. According to Prime Business Africa’s analysis, stock market investors were bullish on Ikeja

July 8, 2025

Business·Top Stories

Cutix Grows Revenue To N3.96bn, Profit Declines By 60%

Cutix Plc, a wire and cable manufacturer for electrical, automobile, and telecommunication, generated N3.96 billion turnover in the fourth quarter (Q4) ending April 30, 2025. According to its unaudited financial statement for the Q4 period ended April 30, 205, the company’s revenue

July 8, 2025

Business·Currency·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 8th 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 8th July 2025, is N1,560

July 8, 2025

Business·Markets

DMO Launches Subscription For July 2025 FGN Savings Bonds, Offers Attractive Interest Rates

The Debt Management Office (DMO) has issued the July 2025 Federal Government of Nigeria (FGN) savings bonds, offering investors annual interest rates of up to 16.762 per cent. According to a circular released by DMO on Monday, the subscription window opened on

July 7, 2025

Business·Currency·Markets

Naira Opens Week With Gain Across FX Markets

The Nigerian naira opened the new week on a positive note, as it gained against the US dollar in both the official and parallel foreign exchange markets on Monday, 7 July 2025. According to Central Bank of Nigeria data, the naira rose

July 7, 2025

Business·News

CBN Clarifies NRBVN Charges For Nigerians In Diaspora

The Central Bank of Nigeria (CBN) has addressed concerns raised regarding purported hidden charges attached to the newly launched Non-Resident Bank Verification Number (NRBVN) platform. The apex bank affirmed that no hidden fees have been introduced and that the BVN enrolment for Nigerians residing

July 7, 2025

Business·Top Stories

Stock Market Cap Rises By N192bn, Ellah Lakes Tops Gainers, Sunu Leads Losers

After trading on Monday, July 7, the stock market capitalisation closed at N76.53 trillion, up from the N76.33 trillion recorded on Friday, July 4. The N192.84 billion increase was on the back of the 0.25 percent growth in the all-share index, which

July 7, 2025

Business·Top Stories

Nigerian Drug Producer Morison Records N287m Revenue After Spending N209m On Production

In its 2024 financial statements, Morison Industries reported N287.17 million revenue after spending N209.81 million on production during the same year. Compared to the performance of 2023, Morison had recorded N119.94 million as cost of production, while it generated N145.22 million as

July 7, 2025

Business·Top Stories

Investment In Dangote Cement Wasn’t Profitable Compared To Lafarge, BUA In Q2 2025

In the second quarter (Q2) of 2025, the shareholders of Lafarge profited more from their investments in the company than those of BUA Cement and Lafarge Wapco, according to Prime Business Africa’s analysis. At the start of April, analysis showed that Lafarge,

July 7, 2025

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Business - Page 41

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

Gains In Omatek, Champion Brew Add N226bn To Nigerian Stock Market

Ikeja Hotel Outperforms Transcorp Hotels In Q2 As Its Shareholders Gain 58%

Cutix Grows Revenue To N3.96bn, Profit Declines By 60%

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 8th July 2025

DMO Launches Subscription For July 2025 FGN Savings Bonds, Offers Attractive Interest Rates

Naira Opens Week With Gain Across FX Markets

CBN Clarifies NRBVN Charges For Nigerians In Diaspora

Stock Market Cap Rises By N192bn, Ellah Lakes Tops Gainers, Sunu Leads Losers

Nigerian Drug Producer Morison Records N287m Revenue After Spending N209m On Production

Investment In Dangote Cement Wasn’t Profitable Compared To Lafarge, BUA In Q2 2025

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