Prime Business Africa

Naira Appreciates, Ends Week Positive Across Official, Black Markets

Exchange Rates For Dollar Increase Across Parallel, Official Markets

In the black market on Thursday, December 18, the naira depreciated against the United States dollar (USD) by 0.13 percent to N1,489.01/$1, from the N1,487.01/$1 reported on Wednesday, December 17. According to Naira Rates data, while the foreign exchange (FX) rate for

December 18, 2025

Over N107bn Wiped Off NGX As UACN, Presco Shares Plunge

Business

Guinness Leads Gainers’ List, Stanbic Among Losers As NGX Market Cap Rises To N95.85trn

Nestle and Guinness led the top gainers’ list on Thursday, December 18, as the Nigerian Exchange (NGX) Limited, also known as the stock market, recorded a N331.64 billion increase in its capitalisation. The stock market capitalisation increased from N95.52 trillion on Wednesday,

December 18, 2025

Business·Top Stories

AIICO Drops, Cornerstone Rises On List Of Insurance Companies With Highest Market Valuation

The end of the third quarter (Q3) of 2025 saw 10 insurance companies change positions on the list of the most valuable insurers on the Nigerian Exchange (NGX) Limited, also known as the stock market. According to an analysis by Prime Business

December 18, 2025

Business·Top Stories

First HoldCo, Lasaco Add N244.61bn To Nigerian Stock Market

The Nigerian Exchange Limited (NGX) said the market capitalisation for the stock market increased to N95.52 trillion on Wednesday, December 17, from the N95.28 trillion posted on Tuesday, December 16, representing a N244.61 billion gain. About 383.71 basis points were added to

December 17, 2025

Business·Markets·Top Stories

Dollar Trades Flat In Black Market, Appreciates In Official Window

The dollar traded at N1,487.01/$1 in the parallel market on Wednesday, December 17, indicating the naira neither depreciated nor appreciated against the United States currency. On Tuesday, December 16, the black market foreign exchange rate aggregator, Naira Rates, reported that the American

December 17, 2025

BUA Cement's Profitability Under Threat As Production Costs Surge

Business·Top Stories

BUA Cement Records N858.73bn Revenue In Nine Months, Profit Rises By 448%

In the first nine months of 2025, BUA Cement recorded N858.73 billion in revenue, surpassing the N583.40 billion generated in the same period in 2024, indicating an increase of 47.19 percent. According to the company’s unaudited financial statements for the period ended

December 17, 2025

Naira Records Marginal Gain As External Reserves Hit $41.27bn In August

Business·Top Stories

Naira Depreciates To N1,487/$ In Black Market, Appreciates To N1,943/$ In Official Window

During trading in the black market on Tuesday, December 16, the foreign exchange rate for the United States dollar (USD) increased by N2.01, indicating the naira depreciated in value by 0.13 percent. According to the parallel market data provided by Naira Rates,

December 16, 2025

NGX ASI Further Drops By 0.67%, As BUA Cement, Eterna Among Top Losers

Business

NGX Extends Gains As Market Cap Increases By N13.53bn

The market capitalisation of the Nigerian Exchange Limited, also known as the stock market, closed at N95.28 trillion on Tuesday, December 16. According to data provided by the NGX, the market capitalisation grew by N13.53 billion from the N95.26 billion posted on

December 16, 2025

Strong Topline, FX Gain Help Neimeth Return To Profitability

Business·Top Stories

Neimeth Generates N3.09bn From Drug Sales In Nine Months

Neimeth International Pharmaceuticals Plc generated N5 billion in the first nine months of 2025, surpassing the N3.09 billion turnover recorded in the corresponding period in 2024, representing a 62 percent growth. The drug maker, in its financial statements for the period ended

December 16, 2025

Business·Top Stories

NGX Market Cap Rises By N2.92bn, Sovereign Insurance Leads Gainers’ List

On Monday, December 15, the Nigerian Exchange (NGX) Limited slightly increased by N2.92 billion to N95.267 billion, from N95.264 trillion recorded on Friday, December 12. In the same vein, the all-share index (ASI) appreciated slightly to 149,437.88, from 149,433.25 ASI. About 553.16

December 15, 2025

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Prime Business Africa

Exchange Rates For Dollar Increase Across Parallel, Official Markets

Guinness Leads Gainers’ List, Stanbic Among Losers As NGX Market Cap Rises To N95.85trn

AIICO Drops, Cornerstone Rises On List Of Insurance Companies With Highest Market Valuation

First HoldCo, Lasaco Add N244.61bn To Nigerian Stock Market

Dollar Trades Flat In Black Market, Appreciates In Official Window

BUA Cement Records N858.73bn Revenue In Nine Months, Profit Rises By 448%

Naira Depreciates To N1,487/$ In Black Market, Appreciates To N1,943/$ In Official Window

NGX Extends Gains As Market Cap Increases By N13.53bn

Neimeth Generates N3.09bn From Drug Sales In Nine Months

NGX Market Cap Rises By N2.92bn, Sovereign Insurance Leads Gainers’ List

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