Business
Naira Appreciates Strongly Against Dollar After Independence Day Holiday
The naira appreciated by ₦20.11 at the official FX market after Nigeria’s Independence Day, trading at ₦1,455.24 per dollar.
3 October 2025
Business
Business
Nigeria’s Domestic Debt Market Records 530% Oversubscription in September Bond Auction
Nigeria’s September 2025 bond auction saw a 530% oversubscription, with investors bidding N1.26 trillion despite lower rates as CBN cuts MPR
2 October 2025
Business
African Airlines Record 7.1% Passenger Traffic Growth in August — IATA
African airlines saw a 7.1% rise in passenger traffic in August 2025, IATA reports, as global air travel hit record load factors despite economic uncertainties.
1 October 2025
Business
FCMB Strengthens Capital Base with Listing of 3.16 Billion Additional Shares on NGX
FCMB Group Plc has listed 3.16 billion additional shares on NGX, boosting its market capitalization by N33.09 billion
30 September 2025
Business
FG Clarifies New Capital Gains Tax on Share Disposals
FG clarifies new 25% Capital Gains Tax on share disposals, exempting most retail investors. Rule targets institutional investors reinvesting outside equities.
29 September 2025
Business
BUA Chairman Abdul Samad Rabiu Projects Naira to Strengthen to N1,300/$ by End of 2025
BUA Group Chairman Abdul Samad Rabiu projects that the naira could strengthen to N1,300–N1,400 per US dollar by December 2025
26 September 2025
Business
CBN Reduces Interest Rate to 27% in First Policy Shift of 2025
CBN has reduced Nigeria’s interest rate to 27% after three consecutive pauses, citing consistent disinflation
24 September 2025
Business
Uber Injects N34 Billion Into Nigeria’s Economy in One Year, Report Shows
Uber contributed N34 billion to Nigeria’s economy in 2023, as drivers earned more and riders reported safety and convenience benefits
23 September 2025
Business
Nigeria-China Trade Rises 34.7% to $15.48 Billion in 2025
Nigeria-China trade rose 34.7% to $15.48 billion between January and July 2025, making Nigeria China’s second-largest trading partner in Africa
22 September 2025
Business
UBA Posts N388.4 Billion Pre-Tax Profit in H1 2025
UBA reports N388.4 billion pre-tax profit in H1 2025, down 3.28% YoY, driven by strong interest income but pressured by rising costs
19 September 2025
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