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Business - Page 79

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·Markets

Naira Appreciates To ₦1,630 Per Dollar At Official Market

The Nigerian naira appreciated against the US dollar at the official window of the foreign exchange market on Thursday. Official exchange rate closed at ₦1,630 per dollar on Thursday, according to data published on the Central Bank of Nigeria (CBN) website. This

April 11, 2025

Business·Currency·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 11th 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 11th April 2025, is N1,630

April 11, 2025

Business·Markets

Dangote Cement’s Revenue Soars, But Production Costs Rise 45% In Tandem

Dangote Cement has reported a significant increase in revenue, with a 62.15% jump to N3.58 trillion in 2024. However, the company’s production costs have also risen sharply, consuming 45.6% of its revenue. Despite this, Dangote Cement’s gross profit and profit after tax

April 10, 2025

Business·News·Oil & Gas

Dangote Refinery Slashes Petrol Price To N865 As FG Promises To Continue Naira-for-crude Deal

Dangote Refinery has reduced the ex-depot price of Premium Motor Spirit (PMS) also known as petrol to N865 per litre. This comes after about two weeks, it increased its ex-gantry price of petrol to N880 per litre. Prime Business Africa gathered that

April 10, 2025

Business·News·Power

Elumelu To Nigerian Govt: Expedite Action To Pay Debts Owed GenCos

Chairman of Transnational Corporation (Transcorp Plc), Mr Tony Elumelu, has appealed to the Nigerian government to expedite action to fully pay the huge debt owed power generation companies (GenCos). He said GenCos are reeling under the heavy burden of subsiding the power

April 10, 2025

Business·Currency·Markets·News

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 10th April 2025

April 10, 2025

Business·Markets

Tantalizers Slashes Staff Incentives In Bid To Curb Losses

In a bid to stem its losses, Tantalizers, a quick service restaurant (QSR), has cut staff incentives and implemented cost-saving measures. The company reported a loss of over N260 million in 2024, despite a 9.99% increase in system revenue. To mitigate the

April 9, 2025

Business·Markets·News

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 9th April 2025

April 9, 2025

Business·Markets

Aliko Dangote Loses N310bn In Nigerian Stock Market In 2024

Africa’s richest man, Aliko Dangote, has suffered a significant loss of N310 billion in the Nigerian stock market in 2024, primarily due to declining share prices of Dangote Sugar and Nascon Allied. Despite this setback, Dangote’s cement business continues to thrive, with

April 8, 2025

Business·Markets

BUA Cement’s Profitability Under Threat As Production Costs Surge

Nigeria’s BUA Cement is facing a significant challenge to its profitability as production costs continue to outpace revenue growth. Despite a 90.53% year-on-year increase in revenue to N876.46 billion in 2024, the company’s cost of sales rose to N576.21 billion, consuming 65.74%

April 8, 2025

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Business - Page 79

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

Naira Appreciates To ₦1,630 Per Dollar At Official Market

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 11th April 2025

Dangote Cement’s Revenue Soars, But Production Costs Rise 45% In Tandem

Dangote Refinery Slashes Petrol Price To N865 As FG Promises To Continue Naira-for-crude Deal

Elumelu To Nigerian Govt: Expedite Action To Pay Debts Owed GenCos

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 10th April 2025

Tantalizers Slashes Staff Incentives In Bid To Curb Losses

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 9th April 2025

Aliko Dangote Loses N310bn In Nigerian Stock Market In 2024

BUA Cement’s Profitability Under Threat As Production Costs Surge

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