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Business - Page 49

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·Top Stories

Nigerian Stock Market Closes With N174.82bn Gain

With a N174.82 billion gain recorded on Friday, June 20, the stock market capitalisation increased to N74.53 trillion from N74.35 trillion recorded on Thursday, June 19. Also, the all-share index (ASI) appreciated by 0.23 percent or 277.09 basis points from 117,861.13 ASI

June 20, 2025

Business·Oil & Gas

Why We Resort To Importing Crude From U.S. – Dangote

President of Dangote Group, Alhaji Aliko Dangote, has said his $20 billion refinery resorted to importing more crude oil from the United States due to insufficient supply from domestic sources. The management of the 650,000-barrel capacity refinery had, since the commencement of

June 20, 2025

Business·Oil & Gas

NUPRC’s New Guidelines On Crude Exports Tackle Oil Theft, Boost Revenue Generation

In its quest to tackle oil theft and other illicit activities in crude oil movements and exports, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has introduced new guidelines to enhance the monitoring of crude oil exports in the country. The move aims to improve transparency, curb theft, and

June 20, 2025

Business·Top Stories

Jim Ovia Reduces Investment In Zenith Bank

Jim Ovia, the chairman of Zenith Bank, has reduced his shareholdings in the financial institution by selling 1.45 million indirect shares held through Quantum Zenith Securities Ltd. The shares, worth N67.24 million, were sold in tranches, with the first being 250,000 shares,

June 20, 2025

Business·Currency·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 20th 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 20th June 2025, is N1,595

June 20, 2025

Business

Nigerian Senate Gives NNPCL One-week To Clarify Over N210trn Discrepancies In Financial Statement

The Nigerian Senate has given the Nigerian National Petroleum Company Limited (NNPCL) a one-week ultimatum to explain in detail the over N210 trillion in discrepancies found in the company’s 2017–2023 audited financial statements. The directive came after the Senate Committee on Public

June 19, 2025

Business·Top Stories

Ikeja Hotel, Beta Glass, Other Gainers Push Nigerian Stock Market Cap To N74.35bn

Data from the Nigerian Exchange Limited (NGX) showed that the stock market capitalisation appreciated by 0.91 percent or N677.73 billion on Thursday, June 19. According to the data, the capitalisation increased to N74.35 trillion, from N73.68 trillion reported on Wednesday, June 18.

June 19, 2025

Business·Top Stories

Investments In Beta Glass Increase by 286.67%

Between January 2 and June 19, shareholders of Beta Glass have seen the value of their investments grow threefold or 286.67 per cent, making the company one of the best-performing equities in the Nigerian stock market. According to Prime Business Africa’s analysis,

June 19, 2025

Business·Oil & Gas

Benefits Of Dangote Refinery’s PMS, Diesel Distribution Plan

The Dangote Refinery is set to transform Nigeria’s fuel supply chain with its Premium Motor Spirit (PMS) and diesel distribution plan nationwide. In a statement released on Sunday, the Africa’s largest petroleum refinery said it will, effective from 15th of August 2025,

June 19, 2025

Business·Top Stories

NPF Microfinance Bank Earnings Hit N4.50bn, Profit Up 73.37%

The NPF Microfinance Bank has reported N4.50 billion as gross earnings for the first quarter (Q1) of 2025, noting that it rose by 63.96 percent compared to the N2.74 billion posted in the corresponding period last year. According to the company’s Q1

June 19, 2025

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Business - Page 49

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

Nigerian Stock Market Closes With N174.82bn Gain

Why We Resort To Importing Crude From U.S. – Dangote

NUPRC’s New Guidelines On Crude Exports Tackle Oil Theft, Boost Revenue Generation

Jim Ovia Reduces Investment In Zenith Bank

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 20th June 2025

Nigerian Senate Gives NNPCL One-week To Clarify Over N210trn Discrepancies In Financial Statement

Ikeja Hotel, Beta Glass, Other Gainers Push Nigerian Stock Market Cap To N74.35bn

Investments In Beta Glass Increase by 286.67%

Benefits Of Dangote Refinery’s PMS, Diesel Distribution Plan

NPF Microfinance Bank Earnings Hit N4.50bn, Profit Up 73.37%

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