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Business - Page 42

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·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 7th 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 7th July 2025, is N1,565

July 7, 2025

Business·Oil & Gas

NUPRC’s Revenue Rises By 176.7% To ₦12.2trn In 2024

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) recorded a historic high of ₦12.2 trillion revenue in 2024. This represents a 176.7 percent surge compared to ₦4.3 trillion recorded in 2023. The 2024 performance report released by NUPRC revealed that it recorded ₦3.7 trillion

July 6, 2025

Business

Nigerian Banks Resume Int’l Transactions On Naira Debit Cards

Nigerian banks have resumed international transactions on naira-denominated debit cards after a nearly three-year suspension due to foreign exchange pressures. This marks a significant development in banking operations, especially for clients who depend on foreign payments. In separate messages to their clients,

July 5, 2025

Business·Currency·Markets

Naira Depreciates Against Dollar, Ending The Week On Negative Note

After ending last month and beginning the week on a positive note, the Nigerian naira depreciated against the US dollar at the foreign exchange market on Friday, 4 July 2025. The naira closed at N1,528.56 per dollar at the official market, according

July 5, 2025

Business·Currency·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 5th July 2025

July 5, 2025

Business·Oil & Gas

NUPRC Opens Up On Failure Of Oil Producers To Supply Crude To Dangote Refinery

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) addressed the ongoing controversy between oil producers and the Dangote Refinery over crude oil supply, highlighting regulatory challenges, and the broader implications for Nigeria’s energy sector. The Commission shared its challenges in trying to mandate

July 4, 2025

Business·Top Stories

Oba Otudeko’s Investment In First Bank Parent Company Drops By N6.82bn

The value of investment held by Oba Otudeko in First HoldCo, the parent company of First Bank, has dropped by N6.82 billion within the first half (H1) of 2025, according to Prime Business Africa’s analysis. Otudeko, who was First HoldCo’s chairman before

July 4, 2025

Business·Top Stories

Champion Brew Tops Gainers’ List, Ellah Lakes Lead Losers

The equity capitalisation of the stock market declined by N244.02 billion to N76.33 trillion on Friday, July 4, from N76.58 trillion recorded on July 3. Although the all-share index (ASI) expanded slightly by 12.46 basis points, from 120,977.2 ASI to 120,989.66 ASI.

July 4, 2025

Business·Top Stories

Sunu Assurances’ Revenue Rises To N5.28bn – But Profit Drops By 69%

Sunu Assurances’ revenue jumped 34.66 percent to N5.28 billion in the first quarter (Q1) of 2025, surpassing the N3.92 billion generated in the corresponding period in 2024. The company’s financial statement for Q1 2025 also showed that Sunu Assurances’ insurance service expenses

July 4, 2025

Business·Currency·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 4th July 2025

July 4, 2025

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Business - Page 42

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

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 7th July 2025

NUPRC’s Revenue Rises By 176.7% To ₦12.2trn In 2024

Nigerian Banks Resume Int’l Transactions On Naira Debit Cards

Naira Depreciates Against Dollar, Ending The Week On Negative Note

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 5th July 2025

NUPRC Opens Up On Failure Of Oil Producers To Supply Crude To Dangote Refinery

Oba Otudeko’s Investment In First Bank Parent Company Drops By N6.82bn

Champion Brew Tops Gainers’ List, Ellah Lakes Lead Losers

Sunu Assurances’ Revenue Rises To N5.28bn – But Profit Drops By 69%

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 4th July 2025

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