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Markets - Page 23

Dollar Trades Flat In Black Market, Appreciates In Official Window

The dollar traded at N1,487.01/$1 in the parallel market on Wednesday, December 17, indicating the naira neither depreciated nor appreciated against the United States currency. On Tuesday, December 16, the black market foreign exchange rate aggregator, Naira Rates, reported that the American

December 17, 2025

Business·Markets

N51bn Windfall Tax Impacts GTCO’s Net Income Growth

Guaranty Trust Holding Company (GTCO) reported N2.14 trillion gross earnings in 2024, an 81.07 per cent increase from the N1.18 trillion generated in 2023. According to an analysis of the financial institution’s consolidated and separate income statements for the year ending December

April 15, 2025

Business·Markets

Banks Shift Climate Targets Amid Global Economic Realities

In a significant move, major banks have voted to adjust their climate targets, abandoning a more stringent goal to align all sector financing with 1.5 degrees Celsius above pre-industrial levels by mid-century. Instead, they have adopted a more flexible ambition to align

April 15, 2025

Markets

U.S. Tech Giants Walk A Tightrope Through Trump’s Tariffs

US tech giants are navigating a complex web of President Trump’s global trade war, employing a dual strategy to minimize the impact of tariffs on their businesses. Companies like Apple and Nvidia are reconfiguring their supply chains and diversifying product sourcing while

April 15, 2025

Business·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 15th 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 15th April 2025, is N1,620

April 15, 2025

Business·Markets

Guinness Nigeria Loses 77.27% Of Revenue To Production Costs

Guinness Nigeria reported N259,60 billion revenue in the year ended 2024, a 82.05 per cent increase compared to the N142.59 billion turnover recorded the previous year. However, an analysis by Prime Business Africa showed that 77.27 per cent of the revenue generated

April 15, 2025

Business·Markets

Abdul Samad Rabiu Outearns Aliko Dangote By N1.11trn In 2024

Nigerian billionaires, Abdul Samad Rabiu and Aliko Dangote, earned N6.72 trillion combined through the Nigerian stock market and dividends paid by their companies in 2024. Prime Business Africa’s analysis of their investments showed that Rabiu outearned his business rival by N1.11 trillion

April 15, 2025

Markets

Over N21.18bn Lost As Japaul Gold, Chams Drag Stock Market Down

The Nigerian stock market closed with a N21.18 billion loss on Monday, 14 April, after the all-share index (ASI) declined by 33.72 basis points. According to data obtained from the Nigerian Exchange Limited (NGX), the bourse’s capitalisation dwindled to N65.68 trillion from

April 15, 2025

Markets

Global Trade Update: Trump’s Tariff Pause And Its Impact

The US tariff saga has taken a dramatic turn as President Donald Trump announced a 90-day pause on most of his recently imposed “reciprocal” tariffs, easing trade tensions with over 75 countries. However, China was excluded from this pause, facing a significant

April 14, 2025

Business·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 14th April 2025

April 14, 2025

Business·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 13th April 2025

April 13, 2025

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Dollar Trades Flat In Black Market, Appreciates In Official Window

The dollar traded at N1,487.01/$1 in the parallel market on

Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

The government of Venezuela has condemned what it described as

Bank of Japan Poised to Lift Rates to 30-Year High as Inflation Pressures Persist

The Bank of Japan (BOJ) is set to raise its

SEC Orders Full Registration of Tradable Instruments by January 2026

The Securities and Exchange Commission (SEC) has ordered all Capital

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Markets - Page 23

Dollar Trades Flat In Black Market, Appreciates In Official Window

N51bn Windfall Tax Impacts GTCO’s Net Income Growth

Banks Shift Climate Targets Amid Global Economic Realities

U.S. Tech Giants Walk A Tightrope Through Trump’s Tariffs

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 15th April 2025

Guinness Nigeria Loses 77.27% Of Revenue To Production Costs

Abdul Samad Rabiu Outearns Aliko Dangote By N1.11trn In 2024

Over N21.18bn Lost As Japaul Gold, Chams Drag Stock Market Down

Global Trade Update: Trump’s Tariff Pause And Its Impact

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 14th April 2025

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 13th April 2025

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Dollar Trades Flat In Black Market, Appreciates In Official Window

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Markets - Page 23

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