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Business - Page 83

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·Oil & Gas

Petrol Pump Price Hits N970 After Naira-for-crude Deal Suspension

In the aftermath of the recent suspension of the Naira-for-crude deal between Dangote Refinery and the Nigeria National Petroleum Company Limited (NNPC), the pump price of Premium Motor Spirit (PMS), popularly known as petrol, has risen to almost ₦1,000 per litre. Prime

March 31, 2025

Business

UAC Nigeria Profit After Tax Rises By 90.4% To ₦17bn

The UAC of Nigeria recorded ₦17 billion profit after tax in 2024, reflecting a 90.4 per cent surge from 2023. This is as the operating profit doubled to ₦19 billion in 2024, compared to ₦9 billion in 2023. The company posted ₦25.5

March 31, 2025

Business·FEATURES

Tinubu Signs Investment and Securities Act 2025 Into Law: What It Means for Nigerians

President Bola Ahmed Tinubu has officially signed the Investment and Securities Act 2025 into law. The new legislation marks a significant shift in Nigeria’s capital market framework, replacing the Investment and Securities Act of 2007. The Securities and Exchange Commission (SEC) has

March 30, 2025

Africa·Business

Full List: African Countries With The Lowest Debt To IMF In March

Maintaining low debt to the International Monetary Fund (IMF) is crucial for economic stability in Africa. While many nations struggle with high borrowing, some have managed to keep their debt levels minimal. Countries with low IMF debt have greater financial independence, stronger

March 30, 2025

Business·Currency·Markets·News

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 30th March 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 30th March 2025, is N1,550

March 30, 2025

Business·Technology·World News

Top Startups Sponsoring Most H-1B Visas For Immigrant Workers

Startups in the United States are increasingly sponsoring H-1B visas to attract skilled foreign workers, particularly in sectors like technology, finance, and artificial intelligence. This strategy addresses the ongoing demand for specialised skills that are scarce within the domestic workforce. Understanding the

March 30, 2025

Business·Currency·Markets

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

March 29, 2025

Business·Markets·News

Naira Ends Week With N30 Gain In Black Market: Hope For Naira?

The naira gained N30 in the black market by the end of the week, closing at N1,550 per dollar compared to N1,580 the previous week. The improvement comes as foreign exchange (FX) liquidity increased, offering hope for stability in Nigeria’s currency market.

March 29, 2025

Africa·Business

Full List: African Countries With The Weakest Currencies

In March 2025, several African countries continue to grapple with weak currencies, reflecting underlying economic challenges. A weak currency often indicates economic instability, high inflation, and a reliance on imports over exports. Understanding the factors behind currency depreciation is crucial for policymakers

March 29, 2025

Business·Markets

Nigeria’s Equity Market Declines By 1.99% in March Despite Weekly Gains

The Nigerian equity market recorded a 1.99% decline in March, despite posting a gain of 0.67% in the final trading week. Friday, March 28, marked the last trading session of the month before the public holidays declared for Eid-el-Fitr celebrations on March

March 29, 2025

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Business - Page 83

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

Petrol Pump Price Hits N970 After Naira-for-crude Deal Suspension

UAC Nigeria Profit After Tax Rises By 90.4% To ₦17bn

Tinubu Signs Investment and Securities Act 2025 Into Law: What It Means for Nigerians

Full List: African Countries With The Lowest Debt To IMF In March

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 30th March 2025

Top Startups Sponsoring Most H-1B Visas For Immigrant Workers

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

Naira Ends Week With N30 Gain In Black Market: Hope For Naira?

Full List: African Countries With The Weakest Currencies

Nigeria’s Equity Market Declines By 1.99% in March Despite Weekly Gains

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