Prime Business Africa

IMG’s Inability To Attract Equity Investors Costs T.Y Danjuma N1.80bn

The value of investment held by T.Y Danjuma in Industrial & Medical Gases, formerly known as BOC Gases, dropped by 13.30 percent between January 2 and June 11, according to Prime Business Africa’s analysis. Danjuma, who owns 358 million shares in Industrial

June 12, 2025

Business·Top Stories

Five Conglomerate Companies In Nigeria With Highest Market Valuation

The total market valuation of the six conglomerate companies in the Nigerian stock market increased by N35.29 billion or 5.46 percent in the first quarter (Q1) of 2025, according to Prime Business Africa’s analysis. PBA gathered that the conglomerate companies, which include

June 12, 2025

FCMB Borrows N20.68bn To Protect Against Insolvency After Silicon Valley Bank Collapse

Business·Top Stories

FCMB’s Interest Expense Rises Faster Than Income – But Deposits Drop

Over N252.69 billion was recorded as gross earnings for the first quarter (Q1) of 2025 by First City Monument Bank (FCMB), indicating a 41.12 percent increase compared to the N179.05 billion generated in Q1 2024. According to FCMB’s consolidated and separate financial

June 12, 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·Top Stories

NGX Market Capitalisation Gains N404.58bn After Rising To N72.30bn

The market capitalisation of the Nigerian Exchange Limited (NGX) increased to N72.30 trillion on Wednesday, June 11, from N71.89 trillion on Tuesday, June 10, indicating a gain of N404.58 billion. This was driven by a 0.56 percent appreciation in the all-share index

June 11, 2025

Business·Top Stories

Julius Berger Leads List Of Worst-Performing Real Estate Stocks In Nigeria

In the last five months and one week, the worst-performing real estate companies in the Nigerian stock market are Julius Berger Nigeria Plc, Haldane McCall, and the Nigeria Infrastructure Debt Fund (NIDF). This is according to an analysis of equity market data

June 11, 2025

Business·Top Stories

Access Holdings’ Net Interest Income Drops As Expense Skyrockets By 71.32%

Access Holdings grew its interest income by 36.28 percent to N980.67 billion in the first quarter (Q1) of 2025, compared to N719.59 billion reported in the corresponding period in 2024. The company announced the increase in its consolidated and separate interim financial

June 11, 2025

NGX Set To Lose N60bn As MRS Oil Nigeria Plc Plans To Delist Shares

Business·Top Stories

Nigerian Stock Market Returns From Eid-el-Kabir Break With N377.88bn Loss

After a two-day break to celebrate Eid-el-Kabir festival, the Nigerian stock market opened trading for this week with a 0.52 per cent decline in the equity capitalisation on Tuesday, June 10. According to data obtained from the Nigerian Exchange Limited (NGX), the

June 10, 2025

Dangote Cement, Rand Merchant Bank Begin Commercial Paper Issuances On FMDQ Exchange

Business·Top Stories

Lafarge Shareholders Gain N215bn As Dangote, BUA Cements Struggle To Attract Investors

Dangote Cement and BUA Cement have not had an impressive outing in the second quarter (Q2) of 2025 compared to their market rival, Lafarge Wapco, according to analysis by Prime Business Africa. This publication gathered that stock market investors are not bullish

June 10, 2025

Cornerstone Insurance Suffers 77.59% Decline In Profit In H1 2025

Business·Top Stories

Cornerstone Insurance’s Revenue Up By 49%, Profit Rises To N25.89bn

Cornerstone Insurance Plc saw its insurance revenue grow by 49 percent in 2024, after recording N38.66 billion, against the N25.91 billion reported in 2023. The company’s insurance service expenses grew similarly, as it rose by 42 percent year-on-year from N17.95 billion to

June 10, 2025

Business·Top Stories

CBN Fines Zenith Bank, Fidelity Bank, GTCO, Six Other Banks N16.98bn

The Central Bank of Nigeria (CBN) fined commercial banks N17.35 billion in 2024, with the penalty increasing by N16.98 billion compared to the N369,71 million the financial institutions paid in 2023. According to Prime Business Africa’s findings, CBN fined nine banks, out

June 9, 2025

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Prime Business Africa

IMG’s Inability To Attract Equity Investors Costs T.Y Danjuma N1.80bn

Five Conglomerate Companies In Nigeria With Highest Market Valuation

FCMB’s Interest Expense Rises Faster Than Income – But Deposits Drop

NGX Market Capitalisation Gains N404.58bn After Rising To N72.30bn

Julius Berger Leads List Of Worst-Performing Real Estate Stocks In Nigeria

Access Holdings’ Net Interest Income Drops As Expense Skyrockets By 71.32%

Nigerian Stock Market Returns From Eid-el-Kabir Break With N377.88bn Loss

Lafarge Shareholders Gain N215bn As Dangote, BUA Cements Struggle To Attract Investors

Cornerstone Insurance’s Revenue Up By 49%, Profit Rises To N25.89bn

CBN Fines Zenith Bank, Fidelity Bank, GTCO, Six Other Banks N16.98bn

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