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Business - Page 74

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

Business·Currency·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 25th 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 25th May 2025, is N1,615

May 25, 2025

Business·News

NNPCL Shuts Down Port Harcourt Refinery For Maintenance

The Nigerian National Petroleum Company Limited (NNPCL) has announced a shutdown of the Port Harcourt Refining Company (PHRC), beginning Saturday, 24 May 2025. In a statement released Saturday by the Chief Corporate Communications Officer, Femi Soneye, the national oil company said the

May 24, 2025

Business·Currency·Markets

Naira Appreciates, Ends Week Positive Across Official, Black Markets

The Nigerian naira recorded a significant appreciation against dollar at the official and parallel or black segments of the foreign exchange markets on Friday, ending the week on a positive note. Data released by the Central Bank of Nigeria (CBN) showed that

May 24, 2025

Business·Currency·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 24th May 2025

May 24, 2025

Business

‘CBN’s Interest Rate Remains High, Choking Businesses’

The Central Bank of Nigeria’s (CBN) decision to retain the current monetary policy parameters has continued to generate reactions from interest groups and economic analysts. Prime Business Africa had reported that during the 300th Monetary Policy Committee (MPC) meeting earlier this week,

May 24, 2025

Business·Oil & Gas

Dangote Petrol Price Cut: We Expected Lower Price – Nigerians

Nigerians have reacted to the latest reduction in the pump price of Premium Motor Spirit (PMS), also known as petrol, by the Dangote Petroleum Refinery. While some hailed the 650,000 barrels per day refinery for the reduction, others said it is still

May 23, 2025

Business·Top Stories

Redstar Express Tops Gainers’ List, NNFM Leads Losers In Stock Market

Redstar Express, Lasaco, others gained N130.04 billion at the end of stock market trading on Friday, May 23, with the equity capitalisation rising to N68.75 trillion from N68.62 trillion on Thursday, May 22. However, the all-share index (ASI) depreciated by 154.4 basis

May 23, 2025

Business·Top Stories

Lafarge Africa Records N248bn Revenue, Profit Increases By 836%

The revenue of Lafarge Africa rose by 80.26 percent to N248.35 billion in the first quarter (Q1) of 2025, up from N137.77 billion generated in the same period last year. According to the company’s consolidated and separate financial statements for the period

May 23, 2025

Business·Top Stories

With N1.36bn Gain, Berger Paints Shareholders Profit From Robust Bottom Line

Berger Paint is having a positive run in the second quarter, with stock market investors bullish on its shares after reporting an impressive financial return for Q1 2025. Shareholders have recorded a 24.93 percent appreciation in their investments in the last month

May 23, 2025

Business·Currency·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 23rd May 2025

May 23, 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 74

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

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 25th May 2025

NNPCL Shuts Down Port Harcourt Refinery For Maintenance

Naira Appreciates, Ends Week Positive Across Official, Black Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 24th May 2025

‘CBN’s Interest Rate Remains High, Choking Businesses’

Dangote Petrol Price Cut: We Expected Lower Price – Nigerians

Redstar Express Tops Gainers’ List, NNFM Leads Losers In Stock Market

Lafarge Africa Records N248bn Revenue, Profit Increases By 836%

With N1.36bn Gain, Berger Paints Shareholders Profit From Robust Bottom Line

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 23rd May 2025

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

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

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