Prime Business Africa

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

FCMB Posts N828.12bn Revenue, Records 52.25% Increase In Profit

In the first nine months of 2025, FCMB generated N828.12 billion in gross earnings, exceeding the N587.77 billion recorded in the corresponding period in 2024, representing a 40.89 percent increase. FCMB announced the turnover growth in its unaudited consolidated and separate financial

December 10, 2025

Naira Ends Week With Marginal Gain Against Dollar

Business·Top Stories

Naira Depreciates Against Dollar To N1,478/$ In Parallel Market

The foreign exchange (FX) rate for the United States dollar (USD) closed at N1,454/$ in the Nigerian foreign exchange market (NFEM), also known as the official window, on Tuesday, December 9, 2025. According to the data on NFEM provided by the Central

December 9, 2025

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

Business·Top Stories

Transcorp Hotels, Ikeja Hotels Among Losers As NGX Market Cap Sheds N310bn

About N310 billion was lost in the Nigerian Exchange (NGX) on Tuesday, December 9, as the bourse’s market capitalisation dwindled to N93.65 trillion, from the N93.96 trillion reported on Monday, December 8. According to NGX data, 487.66 basis points were wiped from the

December 9, 2025

Business

Guinea Insurance’s Profit Drops From N567.66m to N49m

Between January and September 2025, Guinea Insurance recorded N2.13 billion in revenue, compared to the N2.03 billion reported in the first nine months of 2024, representing a 4.93 percent growth. According to the company’s financial statement for the period ended September 30,

December 9, 2025

Naira vs Dollar: What To Expect This Week (24th-30th, March 2025)

Business·Top Stories

Dollar Rate Closes At N1,454/$ In Official Window

In the Nigerian foreign exchange market (NFEM), also known as the official window, on Monday, December 8, the United States dollar (USD) traded flat at N1,454 per $1, the same foreign exchange (FX) rate reported on Friday, December 5. Before the exchange

December 8, 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 Cap Rises By N240bn, Morison Leads Top Gainers

On Monday, December 8, the stock market capitalisation of the Nigerian Exchange (NGX) Limited increased by N240 billion or 0.26 percent. The market capitalisation increased from N93.72 trillion on Friday, December 5, to N93.96 trillion. Also, the all-share index (ASI) appreciated by

December 8, 2025

Business·Top Stories

Five Most Profitable Insurance Stocks In Q3 2025

Within the third quarter (Q3) of 2025, shareholders of 17 insurance companies recorded growth in their investments, while one closed the period with a decline in investments held by its investors. The NGX consists of the following insurance companies with active trading

December 8, 2025

FX Market: Naira Opens Week With Decline

Business·Top Stories

Dollar Rate Rises To N1,454/$ As Naira Continues To Depreciate In Official Window

The naira depreciated against the United States dollar (USD) on Friday, December 5, by 0.34 percent as the exchange rate for the foreign currency increased by N5 at the end of trading in the official window. According to data on the Nigerian

December 5, 2025

Dangote Cement's Revenue Soars, But Production Costs Rise 45% In Tandem

Business·Top Stories

Dangote Cement Records N1.04trn Profit, Suffers 3.38% Drop In Pan-Africa Revenue

Dangote Cement recorded a 23.20 percent decline in its revenue in the first nine months of 2025, according to the company’s condensed consolidated and separate financial statements for the period ended September 30, 2025. In the earnings report, Dangote Cement posted N3.15

December 5, 2025

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

Business·Top Stories

UAC Nigeria Leads Gainers, Union Dicon Tops NGX Losers’ List

The market capitalisation of the Nigerian Exchange (NGX) Limited settled at N93.72 trillion on Friday, December 5, while the all-share index (ASI) closed at 147,040.07 ASI. At the end of trading, over 361.59 million shares were traded in 21,051 deals, valued at

December 5, 2025

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Prime Business Africa

FCMB Posts N828.12bn Revenue, Records 52.25% Increase In Profit

Naira Depreciates Against Dollar To N1,478/$ In Parallel Market

Transcorp Hotels, Ikeja Hotels Among Losers As NGX Market Cap Sheds N310bn

Guinea Insurance’s Profit Drops From N567.66m to N49m

Dollar Rate Closes At N1,454/$ In Official Window

NGX Market Cap Rises By N240bn, Morison Leads Top Gainers

Five Most Profitable Insurance Stocks In Q3 2025

Dollar Rate Rises To N1,454/$ As Naira Continues To Depreciate In Official Window

Dangote Cement Records N1.04trn Profit, Suffers 3.38% Drop In Pan-Africa Revenue

UAC Nigeria Leads Gainers, Union Dicon Tops NGX Losers’ List

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