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Business - Page 62

Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

The Federal Government of Nigeria has issued its debut bond under the Presidential Power Sector Debt Reduction Programme, raising N590 billion to settle verified arrears owed to power generation companies and gas suppliers. The bond, guaranteed by the full faith and credit

December 21, 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

Business·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 19th 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 19th June 2025, is N1,595

June 19, 2025

Business·Top Stories

Over N1trn Added To Nigerian Stock Market As Seplat, Beta Glass Record Gains

The Nigerian stock market capitalisation grew by N1.18 trillion on Wednesday, June 18, increasing from N72.49 trillion, reported on Tuesday, June 17, to N73.68 trillion. Also, the all-share index (ASI) increased from 114,910.16 ASI to 116,786.87 ASI, reflecting an increase of 1,876.71

June 18, 2025

Business·Top Stories

AIICO Exceeds Topline, Bottom Line Forecasts, But Profit Drops 49.58%

AIICO Insurance exceeded its topline and bottom line forecast for the first quarter (Q1) of 2025, after recording N54.81 billion gross written premium, compared to the N50.54 billion projected for the period. According to the insurer’s Q1 2025 financial statement, it also

June 18, 2025

Business·Top Stories

Wife Of McNichols’ MD Sells More Shares, Takes Out N19.49m From Company

Ijeoma Chimaraoke, the wife of the Managing Director of McNichols Consolidated Plc, has sold more shares held in the company, as she continues to take out her investment from the custard producer. According to insider dealings documents obtained from the Nigerian Exchange

June 18, 2025

Business

Expert Highlights How Israeli-Iran War Impacts Nigeria’s Economy

The Centre for Promotion of Private Enterprise (CPPE), has highlighted how the outbreak of war between Israel and Iran would affect Nigerian businesses and the economy generally. The conflict, which started with Israel launching attacks on Iran’s nuclear sites last week,

June 18, 2025

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 1st July 2025

Business·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 18th June 2025

June 18, 2025

Previous 1 … 60 61 62 63 64 … 728 Next

Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

The Federal Government of Nigeria has issued its debut bond

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

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Business - Page 62

Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

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%

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 19th June 2025

Over N1trn Added To Nigerian Stock Market As Seplat, Beta Glass Record Gains

AIICO Exceeds Topline, Bottom Line Forecasts, But Profit Drops 49.58%

Wife Of McNichols’ MD Sells More Shares, Takes Out N19.49m From Company

Expert Highlights How Israeli-Iran War Impacts Nigeria’s Economy

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 18th June 2025

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Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

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Former Delta North Senator Peter Nwaoboshi Dies After Sudden Collapse in Abuja

Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

SAFE IN NIGERIA: Boris Johnson’s Claim and the outrage

Enugu’s BRT Blitz: Modern Roads, Shattered Lives

Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

Dollar Trades Flat In Black Market, Appreciates In Official Window

Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

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

Former Delta North Senator Peter Nwaoboshi Dies After Sudden Collapse in Abuja

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Business - Page 62

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