Prime Business Africa

Bulls Charge Ahead As NGX Shatters Records As Market Cap Surpasses N50trn

NPF Microfinance Bank Leads NGX Gainers’ List, May & Baker Tops Losers’ Table

The Nigerian Exchange’s (NGX) market capitalisation continued to appreciate marginally as the valuation of the bourse increased to N105.96 trillion on Monday, January 26. In the data for the stock market performance, NGX said the market capitalisation increased by N3.44 billion from

January 26, 2026

Business·Top Stories

Stanbic IBTC Rises, Access Holdings Drops… Six Nigerian Banks Worth Over N1trn

The number of commercial banks valued at over N1 trillion on the Nigerian Exchange (NGX), also known as the stock market, increased to six at the end of 2025, up from five at the start of the year. Out of 11 commercial

January 26, 2026

Naira Falls Against Dollar Across FX Markets

Business·Top Stories

Dollar Trades At N1,421/$, Pound Exchanges At N1,923/£ In Official Market

The foreign exchange (FX) rate of the United States dollar (USD) increased marginally to N1,421.9 kobo per $1 on Friday, January 23, in the Nigerian foreign exchange market (NFEM), also known as the official window. It was gathered that the exchange rate

January 23, 2026

Business·Top Stories

NGX Market Cap Rises By N73bn To N105.95trn

The market capitalisation of the Nigerian Exchange (NGX), also known as the stock market, increased by N73.49 billion to N105.95 trillion on Friday, January 23, from the N105.88 trillion recorded on Thursday, January 22. Also, the all-share index (ASI) expanded slightly by

January 23, 2026

Tony Elumelu Parts With N633.14 million To Prevent Hostile Takeover In UBA

Business·Top Stories

Tony Elumelu’s Influence: Seplat’s Share Hits Highest Price In Company’s History

Since Tony Elumelu, the chairman of United Bank for Africa (UBA), acquired 120,4 million shares in Seplat, the company’s shareholders have recorded a 15.33 percent increase in their investment value. Elumelu had acquired the shares, which represent a 20.06 percent majority stake

January 23, 2026

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 18th August 2025

Business·Top Stories

Naira Appreciates Against Dollar, Pound, Depreciates Against Euro In Official Market

The United States dollar (USD) rate declined to N1,421.5 kobo in the Nigerian foreign exchange market (NFEM), also known as the official window, on Thursday, January 22. According to the data obtained from the Central Bank of Nigeria (CBN), the official window

January 22, 2026

Business·Top Stories

Nigeria’s Stock Market Valuation Drops By N557bn

The value of the Nigerian stock market contracted to N105.88 trillion on Thursday, January 22, from the N106.44 trillion recorded on Wednesday, January 21. According to data obtained from the Nigerian Exchange (NGX), the stock market’s valuation declined by N557.10 billion after

January 22, 2026

Business·Top Stories

Over 100% Gains: Nigerians Earned Big Holding These Drink Producers’ Shares In 2025

2025 was a good year for shareholders of Champion Breweries, Guinness, International Breweries, and Nigerian Breweries, as the investors recorded over 100-300 percent gains. According to Prime Business Africa’s analysis, the shareholders of the four drink producers recorded a combined gain of

January 22, 2026

Business·Top Stories

Dollar Exchanges At N1,423/$1 In Official Market

At the end of trading on Wednesday, January 21, the naira depreciated by 0.21 percent, leading to the foreign exchange rate for the dollar rising to N1,423 per $1 in the Nigerian foreign exchange market (NFEM). The foreign exchange rate for the

January 21, 2026

Business·Top Stories

RT Briscoe Tops NGX Gainers’ List, Champion Brew Among Losers

The market capitalisation of the Nigerian Exchange (NGX), also known as the stock market, reached N106.44 trillion on Wednesday, January 21. According to data from the NGX, the stock market’s capitalisation jumped by N6.87 billion from the N106.43 trillion reported on Tuesday,

January 21, 2026

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Prime Business Africa

NPF Microfinance Bank Leads NGX Gainers’ List, May & Baker Tops Losers’ Table

Stanbic IBTC Rises, Access Holdings Drops… Six Nigerian Banks Worth Over N1trn

Dollar Trades At N1,421/$, Pound Exchanges At N1,923/£ In Official Market

NGX Market Cap Rises By N73bn To N105.95trn

Tony Elumelu’s Influence: Seplat’s Share Hits Highest Price In Company’s History

Naira Appreciates Against Dollar, Pound, Depreciates Against Euro In Official Market

Nigeria’s Stock Market Valuation Drops By N557bn

Over 100% Gains: Nigerians Earned Big Holding These Drink Producers’ Shares In 2025

Dollar Exchanges At N1,423/$1 In Official Market

RT Briscoe Tops NGX Gainers’ List, Champion Brew Among Losers

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