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Business - Page 42

WINGING INTO THE HOLIDAYS: Air Peace Launches Daily Ibadan-Abuja Flights, Fares from ₦95,000

Air Peace Limited is set to revolutionize travel between Ibadan and Abuja with the resumption of daily return flights starting December 24, 2025. This move reinforces the airline’s commitment to enhancing domestic connectivity and passenger convenience, just in time for the

December 19, 2025

Business·News

Sterling HoldCo Records 157% Profit Surge, Plans ₦53bn Public Offer

Sterling Financial Holdings Company Plc (Sterling HoldCo) has announced a 157% increase in its profit-after-tax for the half-year ended June 30, 2025, with earnings climbing to ₦41.78 billion from ₦16.26 billion in the same period last year. The unaudited financial results, released

July 31, 2025

Business·Top Stories

UAC Nigeria, Wema Bank Raise Stock Market Cap By N369.75bn

An increase in the shares of Wema Bank, UAC Nigeria, Guinness and others on the gainers list added N369.75 billion to the market capitalisation of the Nigerian Exchange Limited (NGX) on Thursday, July 31. The gain led to the capitalisation of the

July 31, 2025

Business·Top Stories

First HoldCo’s Profit Drops By 25% To N116bn In Q2 2025

Between April and June 2025, First HoldCo generated N812.12 billion in interest income, surpassing the N501.54 billion recorded in the second quarter (Q2) of 2024, representing an increase of 61.92 percent. The growth in turnover overshadowed the 27.65 percent increase recorded in

July 31, 2025

Business·Top Stories

South-West, South-South… Regions With Highest Majority Investors In Nigeria’s Oil Industry

The oil and gas industry is a vital revenue contributor to the Nigerian economy, contributing 3.97 percent to the total real gross domestic product (GDP) in the first quarter (Q1) of 2025. Some of the major investors in the industry come from

July 31, 2025

Business·Currency·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 31st 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 the black market, as of 31st July 2025, is

July 31, 2025

Business·Currency·Markets

Naira Records Marginal Depreciation Across Forex Markets

The Nigerian naira recorded marginal depreciation across foreign exchange market Windows on Wednesday, 30 July. At the Nigerian Foreign Exchange Market (NFEM), the naira slightly fell by ₦1.34 to ₦1,534.52 on Wednesday from ₦1,533.18 recorded on Tuesday, according to data published by

July 31, 2025

Business·Top Stories

NGX Market Cap Up N863bn As Dangote Sugar, Berger Paints Record Gains

The market capitalisation of the Nigerian Exchange Limited (NGX) hit N88.05 trillion on Wednesday, July 30, up from N87.19 trillion reported on Tuesday, July 29. This represents an increase of N863.48 billion, which was driven by the 1,365.8 basis points recorded in

July 30, 2025

Business·News

UAC Set To Acquire Coca-Cola’s Hollandia, Chivita Brands

UAC of Nigeria PLC has announced it has entered into a definitive agreement with The Coca-Cola Company to acquire CHI Limited, the parent company of the iconic Chivita and Hollandia brands, in a transaction poised to reshape Nigeria’s fast-moving consumer goods (FMCG)

July 30, 2025

Business·Top Stories

BUA Cement’s Revenue Rises To N289bn, Profit Up 512.69%

BUA Cement reported a turnover of N289.48 billion in the second quarter (Q2) of 2025, surpassing the N202.81 billion generated in Q2 2024. The 42.73 percent growth in revenue overshadowed the 2.60 percent increase recorded in the cost of sales, which rose

July 30, 2025

Business·Top Stories

How Ogbechie Family Made N15.7bn From Nigerian Stock Market

In the first six months of 2025, Gabriel and Godrey Ogbechie, from Anambra state, made N15.70 billion from the Nigerian stock market, according to Prime Business Africa’s analysis. The Ogbechie family are the majority shareholder in the oil and gas company, Eterna

July 30, 2025

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Dollar Trades Flat In Black Market, Appreciates In Official Window

The dollar traded at N1,487.01/$1 in the parallel market on

Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

The government of Venezuela has condemned what it described as

Bank of Japan Poised to Lift Rates to 30-Year High as Inflation Pressures Persist

The Bank of Japan (BOJ) is set to raise its

SEC Orders Full Registration of Tradable Instruments by January 2026

The Securities and Exchange Commission (SEC) has ordered all Capital

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Business - Page 42

WINGING INTO THE HOLIDAYS: Air Peace Launches Daily Ibadan-Abuja Flights, Fares from ₦95,000

Sterling HoldCo Records 157% Profit Surge, Plans ₦53bn Public Offer

UAC Nigeria, Wema Bank Raise Stock Market Cap By N369.75bn

First HoldCo’s Profit Drops By 25% To N116bn In Q2 2025

South-West, South-South… Regions With Highest Majority Investors In Nigeria’s Oil Industry

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 31st July 2025

Naira Records Marginal Depreciation Across Forex Markets

NGX Market Cap Up N863bn As Dangote Sugar, Berger Paints Record Gains

UAC Set To Acquire Coca-Cola’s Hollandia, Chivita Brands

BUA Cement’s Revenue Rises To N289bn, Profit Up 512.69%

How Ogbechie Family Made N15.7bn From Nigerian Stock Market

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Business - Page 42

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