Business
THISDAY is 30 Today, Commemoration, Awards for the Tough and Resilient on Jan 27
THISDAY, Nigeria’s foremost newspaper of record, is 30 years on the news stands today.
THISDAY first started publication as a weekly on January 22, 1995, before quickly transforming into a daily newspaper barely two months later.
In a statement, the paper said that to mark the occasion, it has already set out to honour some of the nation’s ‘Tough and Resilient’ persons and institutions in selected fields of endeavours on Monday, January 27.
The presentation of first awards is set to begin in Davos, Switzerland tomorrow.
In its three decades of trailblazing and robust journalism, THISDAY has without doubt shattered the myths and norms associated with newspaper production and publishing in the country.
Indeed, it has, in no small measure, changed the face of the newspapering industry during that period, including pioneering the now famous colour printing and back page columns.
Till date, THISDAY remains the preferred newspaper among the business, political and diplomatic elite, and has for many years been one of the most recognisable brands locally and internationally.
Thus, to celebrate this milestone, THISDAY recently invited nominations for various categories of nominees for its awards ceremony billed for next Monday, tagged: “When the Going Gets Tough… the Tough Gets Rewarded!” The awards will cover several categories, mostly for the ‘tough and resilient’, including the men and the women and the institutions rebuilding Nigeria and her democracy.
Some of the categories include ‘Titans of The Year’, for the men and women who through their vision, action, guts and courage have made a lasting impact on Nigeria.
One of the major recognitions, however, is the ‘Man of the Year’ award conceded to President Bola Tinubu, for having significantly influenced many of the major events that shaped 2024.
Another of such award categories already won is the ‘Woman of the Year’ by Dr. Ngozi Okonjo-Iweala, as the woman, who in many ways, influenced major events of2024, both in Nigeria and across the globe.
Other categories are, ‘Bank of the Year’, for the bank, which has used innovation, technology and inclusion for growth in earnings and shareholder value as well as ‘Banker of the Year’, for the banker whose leadership and impact has changed the banking landscape for good.
Business
Cybercriminals cloning DStv, other brands to steal bank accounts across Africa
According to cybersecurity company NordVPN, the campaign distributes Remote Access Trojans (RATs) and banking trojans, forms of malware that can give criminals control over infected devices and access to sensitive information.
Cybercriminals are impersonating popular companies and government agencies across Africa in a campaign designed to take over smartphones and bank accounts.
More than 100 fake websites linked to the malware campaign have been identified since August 2025.
Brands including DStv, Takealot and South African Airways, as well as the South African Revenue Service (SARS), are being used to make fraudulent messages and websites appear legitimate.
According to cybersecurity company NordVPN, the campaign distributes Remote Access Trojans (RATs) and banking trojans, forms of malware that can give criminals control over infected devices and access to sensitive information.
The attacks are particularly concerning in South Africa, where Android dominates the mobile operating system market.
NordVPN said the attacks typically begin with social engineering, where criminals send convincing messages through SMS, WhatsApp or social media.
The messages may contain urgent offers or requests involving job opportunities, tax refunds, identity renewals or pension verification.
Victims are then directed to fake websites designed to closely resemble the official websites of trusted organisations.
The sites encourage users to download an Android application. Once installed, the malicious software can operate quietly in the background, including after the smartphone is restarted.
Business
Cement price hits N16,000 per bag
The current cement prices mark a steep rise from late 2024, when a bag sold for around N7,500.
• Chairman of BUA cement, Abdul Samad Rabiu (ASR)
Cement dealers across Nigeria have announced fresh price increases, with a 50kg bag now selling for as much as N16,000 in some markets, up from N13,000 recorded by buyers just days earlier.
The current cement prices mark a steep rise from late 2024, when a bag sold for around N7,500.
By the third quarter of 2025, that had risen to about N9,000 before reaching the N12,000 to N16,000 range now seen across different locations.
Other building materials have followed a similar upward path. Blocks have climbed from around N600 to N1,100 each.
Sand has gone from N165,000 to N250,000 per 30 tonnes. Granite has risen from N530,000 to N780,000 per 30 tonnes.
Reinforcing steel now costs N1.15 million per tonne, up from N850,000.
Business
Naira Exchange Rates Friday, August 21
BLACK MARKET RATES
US Dollar (USD) Buy ₦1,405 Sell ₦1,410
Great British Pound(GBP) Buy ₦1,890 Sell: ₦1,915
EURO (EUR) Buy ₦1,590 Sell ₦1,610
Canadian Dollar (CAD) Buy ₦1,020 Sell ₦1,080
South African Rand (ZAR) Buy ₦75 Sell ₦90Ghana CEDI (GHS) Buy ₦95 Sell ₦110
West African CFA Buy ₦2, 300 Sell ₦2, 400
CENTRAL AFRICAN CFA Buy ₦2,150 Sell 2,250
CBN Exchange Rates
US Dollar (USD) ₦1,374.63
Great British Pound (GBP) ₦1,838.70
EURO (EUR) ₦1,574.97
Swiss Franc (CHF) ₦1,687.70
Chinese Yuan (CNY) ₦200.42
Japanese Yen (Yen) ₦8.49
West African CFA (XOF) ₦2.37
West African Unit Account (WAUA) ₦1,848.41
Saudi Riyal (SAR) ₦358.91
South African Rand (ZAR) ₦83.35
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