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Business - Page 46

Dangote Group Assures Nigerians of Stable Fuel Prices Despite New 15% Import Tariff

The Dangote Group has moved to allay public concerns over the Federal Government’s newly approved 15 per cent import tariff on petrol and diesel, insisting that the policy will not trigger fuel price hikes. The Group’s Chief Corporate Communications Officer, Anthony Chiejina,

November 3, 2025

Business·Currency·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 27th June 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 27th June 2025, is N1,585

June 27, 2025

Business

New Tax Laws Will Not Raise More Taxes – Oyedele

Chairman of the Presidential Fiscal Policy and Tax Reform Committee, Mr Taiwo Oyedele, has stated that the newly signed tax laws will not lead to raising more taxes in Nigeria. Oyedele said the tax laws are “pro-poor” as they are meant to

June 26, 2025

Business·Oil & Gas

NUPRC Mandates Oil Licence Holders To Pay $5,000 For Extension

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has highlighted conditions that all Petroleum Prospecting Licence (PPL) holders whose licences are about to expire must fulfil to secure extension. One of the conditions is the payment of $5,000 as an application fee.

June 26, 2025

Business·Top Stories

Stock Market Cap Sheds N307bn After Five Hours Of Trading

After five hours of trading on Thursday, the Nigerian stock market closed with a N307.03 billion loss as the equity capitalisation dropped to N76.45 trillion. The market capitalisation decreased from N76.76 trillion after the all-share index (ASI) depreciated by 485.01 basis points

June 26, 2025

Business·Top Stories

Access Holdings Drops, Stanbic IBTC Rises On Nigeria’s Trillion-Naira Bank List

The number of banks worth over a trillion naira in the stock market has increased from five to seven on Wednesday, June 25, as Fidelity Bank joined the list after its market capitalisation hit N1 trillion at the end of trading. According

June 26, 2025

Business·Top Stories

Guinea Insurance Earnings Surge As Expenses Drop 72%, Finance Income Rises 1,490%

Guinea Insurance recorded N706.63 million in insurance revenue in the first quarter (Q1) of 2025, overshadowing the N484.86 million recorded in the corresponding period last year. The insurer reported the increase in its turnover in its financial reports for Q1 2025, which

June 26, 2025

Business·Currency·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 26th June 2025

June 26, 2025

Business·Top Stories

Fidelity Bank Becomes Trillion-naira Company As Market Cap Hits N1 Trillion

Fidelity Bank has again joined the trillion-naira club in the Nigerian stock market after its share appreciated by 1.26 percent at the close of trading on Wednesday, June 25. According to data obtained from the Nigerian Exchange Limited (NGX), Fidelity Bank’s share

June 25, 2025

Business·Top Stories

Criticisms Trail Extension Of 2024 Budget Implementation

The decision of the Nigerian government to extend the timeline for implementation of the 2024 national budget has sparked reactions from Nigerians who frowned at the recurring practice of running multiple budgets in a single fiscal year. The National Assembly on Tuesday

June 25, 2025

Business·Top Stories

Stock Market Cap Rises To N76.76trn After Gaining N1.18trn

At the end of trading on Wednesday, June 25, the market capitalisation of the Nigerian stock market grew to N76.76 trillion, up from the N75.57 trillion recorded on Tuesday, June 24. This indicates an increase of N345.34 billion or 1.22 percent increase

June 25, 2025

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Business - Page 46

Dangote Group Assures Nigerians of Stable Fuel Prices Despite New 15% Import Tariff

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 27th June 2025

New Tax Laws Will Not Raise More Taxes – Oyedele

NUPRC Mandates Oil Licence Holders To Pay $5,000 For Extension

Stock Market Cap Sheds N307bn After Five Hours Of Trading

Access Holdings Drops, Stanbic IBTC Rises On Nigeria’s Trillion-Naira Bank List

Guinea Insurance Earnings Surge As Expenses Drop 72%, Finance Income Rises 1,490%

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 26th June 2025

Fidelity Bank Becomes Trillion-naira Company As Market Cap Hits N1 Trillion

Criticisms Trail Extension Of 2024 Budget Implementation

Stock Market Cap Rises To N76.76trn After Gaining N1.18trn

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