Business

Brent Climbs Above $83 as Hormuz Reopening Faces Fresh Uncertainty

Brent Climbs Above $83 as Hormuz Reopening Faces Fresh Uncertainty

Crude oil prices extended gains on Friday with Brent climbing above $83 per barrel as fresh uncertainty surrounding plans to…
Dangote Refinery Eyes $5 Billion Listing After $40 Billion Private Valuation

Dangote Refinery Eyes $5 Billion Listing After $40 Billion Private Valuation

Dangote Refinery is preparing to raise about $5 billion through an initial public offering (IPO), a transaction that could become…
VFD Group Doubles H1 Profit to N10.06 Billion, Declares 24 Kobo Interim Dividend

VFD Group Doubles H1 Profit to N10.06 Billion, Declares 24 Kobo Interim Dividend

VFD Group Plc reported a sharp improvement in profitability in the first half of 2026 with profit after tax rising…
Crude Oil Slides Below $80 as Hormuz Reopening Hopes Ease Supply Fears

Crude Oil Slides Below $80 as Hormuz Reopening Hopes Ease Supply Fears

Crude oil prices extended their decline on Wednesday as growing expectations of diplomatic progress between the United States and Iran…
Gold Surges to One-Month High Above $4,175 as Dollar, Oil Prices Weaken

Gold Surges to One-Month High Above $4,175 as Dollar, Oil Prices Weaken

Gold prices extended their rally on Wednesday as a weaker U.S. dollar, falling crude oil prices and declining bond yields…
NGX Reverses Monday’s Gain as Investors Lose N599 Billion

NGX Reverses Monday’s Gain as Investors Lose N599 Billion

The Nigerian Exchange (NGX) reversed its positive start to August on Tuesday as renewed selling pressure dragged the All-Share Index…
Black Market Dollar to Naira Exchange Rate for Today, Wednesday, August 5, 2026

Black Market Dollar to Naira Exchange Rate for Today, Wednesday, August 5, 2026

The Dollar to Naira exchange rate in Nigeria’s black market, also known as the parallel market, moved higher on Wednesday,…
NGX Opens August Higher as Market Capitalisation Gains N289 Billion

NGX Opens August Higher as Market Capitalisation Gains N289 Billion

The Nigerian Exchange (NGX) opened August on a positive note as renewed buying interest lifted the All-Share Index by 0.18…
Black Market Dollar to Naira Exchange Rate for Today, Tuesday, August 4, 2026

Black Market Dollar to Naira Exchange Rate for Today, Tuesday, August 4, 2026

The Dollar to Naira exchange rate in Nigeria’s black market, also known as the parallel market, stood at ₦1,400 on…
NNPC Seeks Buyers for September Cawthorne and Bonny Light Shipments

NNPC Seeks Buyers for September Cawthorne and Bonny Light Shipments

The Nigerian National Petroleum Company Limited (NNPC) has returned to the international crude market with offers for cargoes of Cawthorne…
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