Prime Business Africa, Author at Prime Business Africa

Sunu Assurances, Veritas, Prestige Among 5 Worst-Performing Insurance Stocks In Q1

Sunu Assurances, Veritas, Prestige Among Five Worst-Performing Insurance Stocks In Q1 2025

Out of 20 insurance companies listed in the Nigerian stock exchange, 13 insurers recorded a decline in their stock performance in the first quarter (Q1) of 2025. Analysis by Prime Business Africa

Prime Business Africa

April 22, 2025

First Bank Changes Names Of Its Subsidiaries In UK, Some Sub-Saharan African Countries

Business·Top Stories

First HoldCo’s Profit Up By 118% As FX Loss Drops To N64.94bn

The gross earnings of First HoldCo increased to N3.21 trillion in 2024, which is 105.70 per cent higher than the N1.56 trillion the company reported the previous year. According to First HoldCo’s

Prime Business Africa

April 22, 2025

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

Business·Top Stories

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

Sunu Assurances’ Revenue Rises To N5.28bn – But Profit Drops By 69%

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

Cookie	Duration	Description
cookielawinfo-checbox-analytics	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checbox-functional	11 months	The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checbox-others	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-necessary	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-performance	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy	11 months	The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.

Prime Business Africa

Sunu Assurances, Veritas, Prestige Among Five Worst-Performing Insurance Stocks In Q1 2025

First HoldCo’s Profit Up By 118% As FX Loss Drops To N64.94bn

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

Featured Stories

BBNaija Season 9: See Full Housemates, Pairs List

Survey: 65.8% Respondents Want Interest Rate Cut As CBN Holds MPC Meeting

The VC Race at UNN: A Test of Integrity and Vision

Fuel Subsidy: World Bank Must Allow Africa’s Poor Breathe [Editorial]

Latest News

Tinubu Extends Tenure Of Customs Comptroller-General

First HoldCo’s Profit Drops By 25% To N116bn In Q2 2025

Nigeria Needs 17% Annual GDP Growth Rate To Achieve $1trn Economy 2030 – Expert

South-West, South-South… Regions With Highest Majority Investors In Nigeria’s Oil Industry

APC Campaign Council

Categories

Suggestions

Prime Business Africa

Follow Us

Featured Stories

Latest News

APC Campaign Council

Categories