Business
Dollar Demand Pushes Nigeria’s FX Utilisation to Six-Year High of $50.9bn
1 week ago
Dollar Demand Pushes Nigeria’s FX Utilisation to Six-Year High of $50.9bn
Nigeria’s use of foreign exchange nearly doubled to $50.93 billion in 2025 as businesses, financial institutions and importers increased demand…
Black Market Dollar to Naira Exchange Rate for Today, Thursday, September 10, 2026
1 week ago
Black Market Dollar to Naira Exchange Rate for Today, Thursday, September 10, 2026
The Dollar to Naira exchange rate in Nigeria’s black market, also known as the parallel market, remained largely stable on…
Petrol Prices Face Fresh Increase in Nigeria as Brent Crude Holds Above $100
1 week ago
Petrol Prices Face Fresh Increase in Nigeria as Brent Crude Holds Above $100
Nigerian motorists could face another round of petrol price increases as the renewed surge in global crude oil prices raises…
Five Stocks Hit Daily Loss Limit as Selling Pressure Intensifies
1 week ago
Five Stocks Hit Daily Loss Limit as Selling Pressure Intensifies
Broad-based selling intensified on the Nigerian Exchange (NGX) on Wednesday with five equities hitting the Exchange’s maximum daily decline as…
NGX Extends Selloff for Second Straight Session as Investors Lose Another N1.67 Trillion
1 week ago
NGX Extends Selloff for Second Straight Session as Investors Lose Another N1.67 Trillion
The Nigerian Exchange (NGX) remained under pressure on Wednesday as sustained profit-taking extended the market’s decline for a second consecutive…
Hormuz Oil Shipping Costs Surge to $20m as War Risks Escalate
1 week ago
Hormuz Oil Shipping Costs Surge to $20m as War Risks Escalate
The cost of transporting oil through the Strait of Hormuz has surged to as much as $20 million per voyage…
Dangote’s $40bn Expansion Plan Faces Crude Supply, Financing Test
1 week ago
Dangote’s $40bn Expansion Plan Faces Crude Supply, Financing Test
Dangote Industries’ plan to invest about $40 billion in energy projects over five years is confronting a major test over…
Brent Crude Breaks Above $100 as Middle East Supply Crisis Deepens
1 week ago
Brent Crude Breaks Above $100 as Middle East Supply Crisis Deepens
Brent crude oil climbed above $100 per barrel on Wednesday for the first time since July as escalating attacks on…
Dangote Says Global Fuel Shortage Could Outlast Iran War
1 week ago
Dangote Says Global Fuel Shortage Could Outlast Iran War
Dangote Petroleum Refinery expects the global shortage of petrol, diesel and other refined fuels to persist beyond the end of…
Dangote Refinery Revenue Hits N19.13tn, Profit Surges to N2.5tn Ahead of IPO
1 week ago
Dangote Refinery Revenue Hits N19.13tn, Profit Surges to N2.5tn Ahead of IPO
Dangote Petroleum Refinery generated N19.13 trillion in revenue and approximately N2.50 trillion in profit after tax in the first half…