Prime Business Africa, Author at Prime Business Africa

Zenith Bank’s Largest Shareholder Continues To Sell Off Shares, Takes Out N15.48m

Zenith Bank loses N5.26 billion to fraudsters

Zenith Bank recorded 497 fraud incidents in 2024, which are valued at N7.74 billion or $62 million. According to the company’s financial statements for the year ended December 31, 2024, the fraud

Prime Business Africa

April 21, 2025

Femi Otedola Issues New Statement After Reports Of Transcorp Plc Acquisition

Business·Top Stories

Femi Otedola’s Investment In First HoldCo Now N104bn – After Buying 2.2bn Shares

The value of investment Femi Otedola, Nigerian billionaire, has in First Bank of Nigeria (FBN) parent company, First HoldCo, is N104.15 billion as of April 17. According to an analysis of his

Prime Business Africa

April 21, 2025

Zenith Bank Records 117% Gross Earnings Growth In H1 2024

Business·Top Stories

Zenith Bank Generates N3.97trn Revenue In One Year – Up By 86.27%

Zenith Bank generated N3.97 trillion revenue last year, according to the company’s consolidated and separate statements for the year ended December 31, 2024. The financial institution recorded 86.27 percent growth in its

Prime Business Africa

April 21, 2025

How Loss Of Over $5 Trillion In U.S. Stock Exchange Affects Nigeria

Business·Top Stories

N43bn Shares Traded In Four Days As Stock Market Closes For Easter Celebration

The Nigerian stock market traded for four days this week due to the public holidays slated for Friday, April 18, and Monday, April 21, to commemorate the 2025 Easter celebration. Between Monday,

Prime Business Africa

April 18, 2025

56% Increase In Income Tax Eats Into NEM Insurance’s Profit Of N14.85bn

Business·Top Stories

NEM Insurance Posts N97.96bn Revenue, Net Income Up By 30%

NEM Insurance had an impressive financial year in 2024, with revenue rising by 88 percent after generating N97.96 billion, up from N52.11 billion recorded in 2023. However, incurred claims and claims handling

Prime Business Africa

April 18, 2025

Top Five Performing Insurance Companies In Nigeria By Revenue Growth

Business·Top Stories

AXA Mansard, NEM, Cornerstone… 10 Largest Insurance Companies In Nigeria

The value of the insurance industry fell by N61.08 billion or 10.07 percent in the first quarter (Q1) of 2025, according to an analysis of the market valuation of 20 publicly listed

Prime Business Africa

April 18, 2025

The equity market closed in positive territory for the second time this week as stocks rose by 0.04%. Investors traded N15.07bn worth of shares.

Business

Abbey Mortgage Bank Leads Gainers As Stock Market Cap Rises By N239.99bn

The Nigerian Exchange Limited (NGX) said the market capitalisation of the bourse increased by N239.99 billion on Thursday, April 17, to N65.49 trillion. According to data provided by the NGX, the stock

Prime Business Africa

April 17, 2025

Business·Top Stories

Sunu Assurances’ Investors End Q1 With N29bn Loss

Shareholders of Sunu Assurances were left without profit at the end of the first quarter (Q1) of 2025 after stock market investors snubbed the company’s shares amid bearish sentiments. Prime Business Africa’s

Prime Business Africa

April 17, 2025

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Prime Business Africa

Zenith Bank loses N5.26 billion to fraudsters

Femi Otedola’s Investment In First HoldCo Now N104bn – After Buying 2.2bn Shares

Zenith Bank Generates N3.97trn Revenue In One Year – Up By 86.27%

N43bn Shares Traded In Four Days As Stock Market Closes For Easter Celebration

NEM Insurance Posts N97.96bn Revenue, Net Income Up By 30%

AXA Mansard, NEM, Cornerstone… 10 Largest Insurance Companies In Nigeria

Abbey Mortgage Bank Leads Gainers As Stock Market Cap Rises By N239.99bn

Sunu Assurances’ Investors End Q1 With N29bn Loss

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