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Business - Page 80

PMS Market Deregulation Will Boost Supply – Edun

Nigeria’s Eurobond Sale Draws Unprecedented Global Demand, Raises $2.35bn

Nigeria has raised $2.35 billion from its latest Eurobond issuance, marking the country’s largest-ever orderbook with bids exceeding $13 billion from global investors. The Debt Management Office (DMO) confirmed on Wednesday that the dual-tranche issuance comprised a $1.25 billion “long 10-year” bond

November 6, 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

Business·Markets

Over N658bn Lost In Stock Market As Oando, Honeywell Shares Decline

On Monday, April 7, the Nigerian stock market’s all-share index (ASI) declined by 1,295.02 basis points to close at 104,216.87 ASI from 105,511.89 ASI. This dragged the market capitalisation down by N658.22 billion from N66.14 trillion on Friday, April 4, to N65.48

April 8, 2025

Business·Currency·Markets

Naira Sinks Further Despite CBN’s Efforts To Boost Liquidity, Stability

The Nigerian naira has continued to depreciate against the dollar at the foreign exchange (FX) market, despite efforts by the Central Bank of Nigeria (CBN) to boost FX liquidity. Data from the CBN showed that the naira began the new week on

April 8, 2025

Business·Currency·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 7th 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 7th April 2025, is N1,565

April 7, 2025

Business·Currency·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 6th April 2025

April 6, 2025

Business·Finance & Economy·Top Stories

Five Ways Naira Is Bouncing Back Despite The Odds

After years of volatility and depreciation, Nigeria’s currency is showing surprising resilience in 2025. Despite persistent economic challenges, the naira has demonstrated unexpected stability and even signs of recovery in recent months. This remarkable turnaround comes against a backdrop of historical currency

April 5, 2025

Business·Markets·News

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 5th April 2025

April 5, 2025

Business·News

NNPCL Leadership: Ojulari Takes Over From Kyari

Newly appointed Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Bayo Ojulari, has officially taken over the leadership of the company from his predecessor, Mr. Mele Kyari. According to a statement by NNPCL chief corporate communications officer, Olufemi

April 5, 2025

Business·News

inDrive Addresses Ride-Hailing Industry Concerns, Reaffirms Commitment To Transparency, Fair Pricing

inDrive, a global ride-hailing platform, has issued a statement addressing recent reports of protests by drivers and security concerns in Nigeria’s ride-hailing industry. Prime Business Africa had reported that its drivers had embarked on strike action to protest low-priced fares and general

April 4, 2025

Business·Finance & Economy·News

Tinubu Appoints Ayo Sotinrin As Bank Of Agriculture MD

President Bola Ahmed Tinubu has appointed Mr. Ayo Sotinrin as the new Managing Director of the Bank of Agriculture. According to a statement by Tinubu’s spokesman, Bayo Onanuga, the appointment takes immediate effect.The statement said Mr. Sotinrin brings a diverse and extensive

April 4, 2025

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Business - Page 80

Nigeria’s Eurobond Sale Draws Unprecedented Global Demand, Raises $2.35bn

BUA Cement’s Profitability Under Threat As Production Costs Surge

Over N658bn Lost In Stock Market As Oando, Honeywell Shares Decline

Naira Sinks Further Despite CBN’s Efforts To Boost Liquidity, Stability

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 7th April 2025

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 6th April 2025

Five Ways Naira Is Bouncing Back Despite The Odds

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 5th April 2025

NNPCL Leadership: Ojulari Takes Over From Kyari

inDrive Addresses Ride-Hailing Industry Concerns, Reaffirms Commitment To Transparency, Fair Pricing

Tinubu Appoints Ayo Sotinrin As Bank Of Agriculture MD

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Nigeria’s Eurobond Sale Draws Unprecedented Global Demand, Raises $2.35bn

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