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Business - Page 94

Stronger Local Content Policies Key to Unlocking Africa’s Energy Market Value – Ogbe

Nigeria’s Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, says Africa risks losing billions in potential market value unless oil-producing nations hardwire local content policies into their energy strategies. Speaking at the 4th African Petroleum

November 6, 2025

Business·Currency·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 12th March 2025

What is the Dollar to Naira Exchange rate at 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 12th March 2025

March 12, 2025

Business·Markets

Nigeria’s Stock Market Declines As Investors Lose N285bn

Nigeria’s stock market suffered a decline on Tuesday, with investors losing about N285 billion. The market dropped by 0.43 percent as banking, consumer goods, and oil & gas stocks fell, pushing the market lower. Despite buy-side interest in insurance stocks, the overall

March 12, 2025

Business·News·Top Stories

5 Things You Need to Know About First Bank’s Rebranding

If you’ve been monitoring Nigeria’s banking sector, you might have noticed that First Bank has undergone a major transformation. The financial giant has rebranded its holding company, FBN Holdings Plc, to First HoldCo Plc (or FirstHoldCo for short). The bank released the

March 11, 2025

Business·Markets

Naira: Why currency keeps slipping, What Nigerians Can do?

The naira continues to losing value fast, and Nigerians are feeling the impact. Despite the Central Bank’s interventions, the currency keeps falling, pushing up prices and making life harder for millions. With the exchange rate hitting record lows, businesses struggle, and essentials

March 11, 2025

Business

Top 10 Sectors Contributing To Nigeria’s Latest GDP Growth

Nigeria’s economy recorded a 3.84% GDP growth in the fourth quarter of 2024, surpassing the 3.46% growth from Q4 2023. According to the National Bureau of Statistics (NBS), several sectors played a key role in this growth. The services sector led the

March 11, 2025

Business·FEATURES

Naira Crisis: Hidden Truth About Dollar Hoarding

Nigeria’s naira has been on a precipitous decline, with the currency’s value plummeting against the dollar. As the Central Bank of Nigeria scrambles to stabilise the economy, a disturbing trend has emerged: the widespread hoarding of dollars by commercial banks and other

March 11, 2025

Business·Markets

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

March 11, 2025

Business·Markets

Equity Market Rises By 0.08% As Eterna, Transcorp Lead Gains

Nigeria’s equity market opened the week with a minor gain of 0.08% on Monday, March 10, as stocks like Eterna, Transcorp, and FCMB Group recorded notable increases. The Nigerian Exchange Limited (NGX) saw positive movement in the All-Share Index (ASI) and market

March 11, 2025

Business·Oil & Gas

Naira-for-crude Deal: Dangote Refinery Got Over 48 Million Barrels – NNPCL

The Nigerian National Petroleum Company Limited (NNPCL) has stated that Dangote Refinery, got supply of over 48 million barrels of crude oil under the Naira-for-crude deal since October when the scheme began. The national oil company added that it has supplied an

March 11, 2025

Business·News

Transcorp Group’s Revenue Rises By 107% In 2024

Transcorp Group, a leading conglomerate in Nigeria, recorded an increase of 107 per cent in revenue from N197 billion in 2023 to N408 billion as at 31 December 2024. The conglomerate also recorded a 132 per cent rise in Profit before tax

March 10, 2025

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Business - Page 94

Stronger Local Content Policies Key to Unlocking Africa’s Energy Market Value – Ogbe

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 12th March 2025

Nigeria’s Stock Market Declines As Investors Lose N285bn

5 Things You Need to Know About First Bank’s Rebranding

Naira: Why currency keeps slipping, What Nigerians Can do?

Top 10 Sectors Contributing To Nigeria’s Latest GDP Growth

Naira Crisis: Hidden Truth About Dollar Hoarding

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

Equity Market Rises By 0.08% As Eterna, Transcorp Lead Gains

Naira-for-crude Deal: Dangote Refinery Got Over 48 Million Barrels – NNPCL

Transcorp Group’s Revenue Rises By 107% In 2024

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