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Business - Page 72

Heirs Energies Agrees $750m Afreximbank Financing to Drive Long-Term Growth

Heirs Energies Limited, Nigeria’s leading indigenous integrated energy company, has executed a USD 750 million financing with the African Export–Import Bank (Afreximbank). The transaction was concluded at a signing ceremony in Abuja on Saturday 20th December 2025, attended by Mr. Tony

December 21, 2025

Linkage Assurance Grows Revenue To N6.48bn, Profit Falls By 68%

Business·Top Stories

Linkage Assurance Records N6bn Revenue, Tax Burden Affects Profit Growth

Linkage Assurance reported 18 per cent growth in its insurance revenue for the first quarter (Q1) of 2025, after recording N6.05 billion, against the N5.12 billion posted in the corresponding period in 2024. The company, in its first quarter financial statement for

May 29, 2025

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

Business·Currency·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 29th May 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 29th May 2025, is N1,620

May 29, 2025

Bulls Charge Ahead As NGX Shatters Records As Market Cap Surpasses N50trn

Business·Top Stories

Honeywell Flour Makes Stock Market Gainers’ List, Academy Tops Losers

The stock market capitalisation ended trading at N70.56 trillion on Wednesday, May 28, up from N70.37 trillion recorded on Tuesday, May 27. According to data obtained from the Nigerian Exchange Limited (NGX), the increase was driven by the 296.39 basis points recorded

May 28, 2025

Business

Lekki Deep Seaport Channel Dredging: Nigerians Berate FG Over Other Abandoned Ports

Nigerians have expressed displeasure at the decision of the Federal Government to dredge the Lekki Deep Seaport channel, while neglecting ports and infrastructure in other parts of the country. Managing Director of the Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho, announced this

May 28, 2025

Business·Top Stories

Neimeth Suffers N2bn FX Loss, Records 50% Decline In Loss After Tax

Neimeth International Pharmaceuticals Plc grew its top line by triple-digits or 102.98 percent in 2024, after generating N4.48 billion, surpassing the N2.20 billion turnover recorded in 2023. According to the company’s financial statements for the year ending December 31, 2024, Neimeth spent

May 28, 2025

Why Public, Private Sector Must Prioritize Investments In Innovation To Improve Healthcare - Elumelu

Business·Top Stories

Tony Elumelu Increases Stake In UBA With N1.54bn Shares

Tony Elumelu, the chairman of the United Bank for Africa (UBA), has bought new shares in the lender to increase his stake from 6.19 per cent to 6.30 per cent, according to Prime Business Africa’s analysis. In a ‘Dealng by an insider’

May 28, 2025

Business·Currency·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 28th May 2025

May 28, 2025

Business·News

Access ARM Pensions Holds AGM Friday 30 May

Access ARM Pensions Limited has scheduled to hold its 20th Annual General Meeting (AGM) on Friday, 30 May 2025, at the Access Towers in Victoria Island, Lagos. In a notice to shareholders signed by Mojisola Virtue Oyewole, Secretary/Legal Adviser, the company said the

May 28, 2025

Naira Vs Dollar: What To Expect This Week (2nd - 6th June 2025)

Business·Currency·Markets

Naira Falls To N1,583 At Official Market

The Nigerian naira depreciated to N1,583.73 at the official market on Tuesday. This represents N4.33 depreciation when compared to N1,579.40 per dollar that the naira traded on Monday, 26 May, according to exchange rate data published by the Central Bank of Nigeria

May 27, 2025

NGX ASI Further Drops By 0.67%, As BUA Cement, Eterna Among Top Losers

Business·Top Stories

Nigerian Stock Market Cap Gains N1.08trn In Five Hours

On Tuesday, May 27, the market capitalisation of the Nigerian stock market increased by N1.08 trillion from N69.29 trillion on Monday, May 26, to N70.37 trillion. This followed the 1,721.3 basis points gained by the all-share index (ASI), which expanded from 109,884.92

May 27, 2025

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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 72

Heirs Energies Agrees $750m Afreximbank Financing to Drive Long-Term Growth

Linkage Assurance Records N6bn Revenue, Tax Burden Affects Profit Growth

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 29th May 2025

Honeywell Flour Makes Stock Market Gainers’ List, Academy Tops Losers

Lekki Deep Seaport Channel Dredging: Nigerians Berate FG Over Other Abandoned Ports

Neimeth Suffers N2bn FX Loss, Records 50% Decline In Loss After Tax

Tony Elumelu Increases Stake In UBA With N1.54bn Shares

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 28th May 2025

Access ARM Pensions Holds AGM Friday 30 May

Naira Falls To N1,583 At Official Market

Nigerian Stock Market Cap Gains N1.08trn In Five Hours

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