Business News

The Nigerian currency, the naira, recorded a strong performance against the US dollar in the black market but fell in the official market this past week. Checks by Naturenex show that the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Friday, February 14, closed at N1,510.10/$1 to the US dollar. Friday’s exchange rate saw a slight

What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)? See the black market Dollar to Naira exchange rate for 14th February, below. You can swap your dollar for Naira at these rates. How much is a dollar to naira today in the black market?

Keystone Bank Limited has clarified reports of a judgment by the Lagos State Special Offences Court in Ikeja, on Tuesday, February 11, 2025, which handed over the bank to the Nigerian government. The court order also concerns the status of the former shareholders of the bank, Sigma Golf Nigeria Limited and Umaru H. Modibo. Keystone

FBN Holdings Plc, a leading financial company, has rebranded as First HoldCo Plc (FirstHoldCo), a move aimed at creating a uniform identity across all its subsidiaries. The change was announced in a statement released on Tuesday, February 11, 2024. The statement further noted that the rebranding shows FirstHoldCo’s commitment to innovation, customer focus, and operational

One of Nigeria’s leading telecommunication companies, MTN Nigeria, has increased the cost of its data subscriptions. The price increase was confirmed in a response shared on its X (formerly Twitter). The company wrote: “Y’ello! Thanks for stopping by, We apologise for any inconvenience and delayed Response. A price increase has been implemented to enhance our

MTN has successfully tested shutting down its 3G network in multiple Cape Town neighborhoods, and the company claims it is on schedule to switch off the outdated technology by December 31, 2025. MTN informed some Cape Town customers in a letter that it was implementing a pilot program to move subscribers off 3G within a

Guaranty Trust Holding Company Plc has emerged as the biggest commercial bank in Nigeria based on market capitalisation. Data obtained from the Nigerian Exchange showed that the combined market capitalisation of 12 commercial banks stood at N10.78 trillion as of Friday, February 7, 2024 Market capitalisation refers to how much a company is worth as