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Business - Page 74

FG, IMF in Talks to Develop Transparent Fuel Price Framework, Strengthen Fiscal Resilience

The Federal Government of Nigeria has begun formal discussions with the International Monetary Fund (IMF) to develop a transparent fuel price modulation framework and strengthen the country’s fiscal resilience amid global energy market volatility. The initiative, spearheaded by the Ministry of Petroleum

November 5, 2025

Business

UBA Raises N355.2bn Of N500bn CBN’s Capital Requirement

The United Bank for Africa (UBA) has raised N355.2 billion out of the N500 billion new capital requirement mandated by the Central Bank of Nigeria (CBN). Chairman, UBA Group, Mr Tony Elumelu, disclosed this on Friday during the bank’s 65th Annual General

April 26, 2025

Business·Currency·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 26th April 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 26th April 2025, is N1,605

April 26, 2025

Business·Currency·Markets

Naira Ends Week On A Positive Note With N1,589/$ At Official Market

The Nigerian Naira ended the week on a positive note across official and parallel segments of the foreign exchange market. Data published on the Central Bank of Nigeria (CBN) website shows that the naira appreciated at the official market closing trading on

April 25, 2025

Business·FEATURES·Oil & Gas

Concerns For Nigeria’s Oil Market As Over 60 Million Barrels Remain Unsold

There are concerns that Nigeria’s oil industry is facing significant challenges as more than 60 million barrels of crude oil remain unsold due to a growing global supply glut and weakening demand. This oversupply situation threatens Nigeria’s revenue, foreign exchange earnings, and economic stability

April 25, 2025

Business·Top Stories

Over N202bn Wiped Off From Nigerian Stock Market

Decline in shares of Dangote Cement, Regal Insurance, and others wiped off N202.15 billion from the equity capitalisation of the Nigerian stock market. The market capitalisation declined from N66.66 trillion to N66.46 trillion Also, the all-share index (ASI) depreciated by 321.65 basis

April 25, 2025

Business·Top Stories

Femi Otedola’s Geregu Power Suffers Revenue, Profit Decline

Geregu Power, the electric power generation, transmission and distribution company largely owned by Nigerian billionaire, Femi Otedola, failed to beat its topline and bottom line projections for the first quarter (Q1) of 2025. Analysis of the company’s Q1 financial statements by Prime

April 25, 2025

Business

Pot Of Jollof Rice Now Above ₦25,000 – Report

In Nigeria, the average cost of cooking a pot of jollof rice for a family of five has increased from ₦21,300 in September 2024 to ₦25,486 as of March 2025, a nearly 20 per cent increase in just six months. SBM Intelligence

April 25, 2025

Business·Top Stories

NAHCO, Skyway… Most Profitable Stocks In Aviation Sector

Out of the three aviation companies listed in the Nigerian stock market, Nigerian Aviation Handling Co (NAHCO) and Skyway Aviation Handling Co. Plc were the most profitable in the first quarter (Q1) of 2025. The three companies, including Caverton Offshore Support Group,

April 25, 2025

Business·Currency·Markets

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

April 25, 2025

Business·Top Stories

Nigeria’s Stock Market Cap Rises By N508bn After Trading Hours

The market capitalisation increased from N66.15 trillion reported on Wednesday, April 23, to N66.66 trillion on Thursday, April 24, after the all-share index (ASI) appreciated marginally by 0.75 percent. Data provided by the Nigerian Exchange Limited (NGX) showed that the market capitalisation

April 24, 2025

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Business - Page 74

FG, IMF in Talks to Develop Transparent Fuel Price Framework, Strengthen Fiscal Resilience

UBA Raises N355.2bn Of N500bn CBN’s Capital Requirement

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

Naira Ends Week On A Positive Note With N1,589/$ At Official Market

Concerns For Nigeria’s Oil Market As Over 60 Million Barrels Remain Unsold

Over N202bn Wiped Off From Nigerian Stock Market

Femi Otedola’s Geregu Power Suffers Revenue, Profit Decline

Pot Of Jollof Rice Now Above ₦25,000 – Report

NAHCO, Skyway… Most Profitable Stocks In Aviation Sector

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

Nigeria’s Stock Market Cap Rises By N508bn After Trading Hours

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