Prime Business Africa

Zenith Bank Records 117% Gross Earnings Growth In H1 2024

Zenith Bank’s Revenue Increased To N949.85bn, Profit Grew By 20.70% In Q1 2025

Zenith Bank’s revenue for the first quarter (Q1) of 2025 increased by 21.68 percent to N949.85 billion, up from N780.61 billion generated in the same quarter in 2024. The lender, in its consolidated and separate unaudited financial statements for the period ended

June 3, 2025

UNGA: What Tony Elumelu Says About President Tinubu’s NASDAQ Bell Ringing-VIDEO

Business·Top Stories

Tony Elumelu’s Investment in UBA Increases To N133bn After Acquiring 1.26bn Shares

Tony Elumelu, the chairman of the United Bank for Africa (UBA), has increased his stake in the financial institution to per cent, according to Prime Business Africa’s analysis. In a ‘Dealing by insider’ document released by UBA on Monday, June 2, the

June 3, 2025

NGX Suspends Trading In Unity Bank, Guinea Insurance, 6 Other Companies’ Shares

Business·Top Stories

Nigerian Bourse’s Valuation Up By N172.74bn As Multiverse, Neimeth Post Gains

An improvement in the share value of Multiverse, Neimeth, amongst others led to the stock market capitalisation increasing from N70.46 trillion reported on Friday, May 30, to N70.63 trillion on Monday, June 2. The bourse’s valuation grew by N172.74 billion after the

June 2, 2025

Business·Top Stories

Dangote Sugar Struggling With Production Cost, Operating Profit Drops By 48%

Dangote Sugar recorded 74.31 per cent growth in its revenue, as the company generated N213.93 billion for the first quarter (Q1) of 2025, surpassing the N122.72 billion turnover reached in Q1 2024. The sugar producer also saw its cost of sales rising

June 2, 2025

Business·Top Stories

McNichols’ Second Majority Investor Gradually Exiting Company

ljeoma Chimaraoke, a substantial investor in MCNichols and wife of Chimaraoke Ekpe, the company’s managing director, has continued to dump the firm’s shares this year. MCNichols produces various household products, including custards, milk powder, sugars, family choco, and pancake mixes. According to

June 2, 2025

Stock Market Rally Halted As Demand For Ecobank, PZ Cussons Shares Dropped

Business·Top Stories

Conoil, Legend Internet, Others Wipe Off N47.97bn From Stock Market Cap

About N47.97 billion was wiped off the equity capitalisation of the Nigerian stock exchange on Friday, May 30, after the shares of Conoil, Beta Glass, and others depreciated at the end of trading. The stock market capitalisation fell to N70.46 trillion from

May 30, 2025

'Herbert Wigwe Aided Dangote Refinery, Impacted Lamido Sanusi, Kashim Imam, Abubakar Suleiman's lives' - El-Rufai Mourns Late Access Holdings GMD

Business·Top Stories

Herbert Wigwe’s Investment In Access Holdings Drops To N110.45bn

The investment of Herbert Wigwe in Access Holdings has dropped by 8.71 per cent between January 2 and May 29, according to analysis by Prime Business Africa. Analysis showed that the decline in the late billionaire’s investment represents a loss of N10.54

May 30, 2025

Business·Top Stories

Access ARM Grows Profit To N4.33bn, Total Assets Increase By 131.48%

Access ARM Pensions Limited recorded a 124.73 percent increase in fee income, after reporting N24.04 billion in 2024, compared to the N10.69 billion declared in 2023. The company announced the increase in its audited financial statements for the year ended December 31,

May 30, 2025

Business·Top Stories

Nigerian Stock Market Value Drops By N53.30bn

The value of the Nigerian stock market fell by N53.30 billion on Thursday, May 29, as the bourse’s capitalisation dropped from N70.56 trillion on Wednesday, May 28, to N70.51 trillion. This was driven by a 0.07 percent depreciation in the all-share index

May 29, 2025

Business·Top Stories

Is Olakunle Ade-Ojo Planning To Takeover Custodian Investment As Majority Shareholder?

Olakunle Ade-Ojo, the managing director of Toyota Nigeria Limited, has been busy in the Nigerian stock market, mopping up shares in Custodian Investment to increase his stake in the company. Between May 19 and 26, Ade-Ojo, who is also a director in

May 29, 2025

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Prime Business Africa

Zenith Bank’s Revenue Increased To N949.85bn, Profit Grew By 20.70% In Q1 2025

Tony Elumelu’s Investment in UBA Increases To N133bn After Acquiring 1.26bn Shares

Nigerian Bourse’s Valuation Up By N172.74bn As Multiverse, Neimeth Post Gains

Dangote Sugar Struggling With Production Cost, Operating Profit Drops By 48%

McNichols’ Second Majority Investor Gradually Exiting Company

Conoil, Legend Internet, Others Wipe Off N47.97bn From Stock Market Cap

Herbert Wigwe’s Investment In Access Holdings Drops To N110.45bn

Access ARM Grows Profit To N4.33bn, Total Assets Increase By 131.48%

Nigerian Stock Market Value Drops By N53.30bn

Is Olakunle Ade-Ojo Planning To Takeover Custodian Investment As Majority Shareholder?

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