Prime Business Africa

FCMB Pensions Reports N8.89bn Revenue But 34% Increase In Tax Payment Impacts Profit

FCMB Pensions Limited has disclosed that the company recorded N8.87 billion as fee income in 2024, compared to N7.26 billion in 2023, indicating a 22.14 percent increase. The pension company announced in a summary of financial information for the year ended December

June 9, 2025

Business·Top Stories

Five Most Valuable Real Estate Companies In Nigeria

Julius Berger Nigeria Plc, Nigeria Infrastructure Debt Fund (NIDF), UPDC Plc, UPDC Real Estate Investment Trust (UPDCREIT), and Haldane McCall are the five most valuable real estate stocks listed on the Nigerian Exchange Limited (NGX). According to data obtained from the Nigerian

June 9, 2025

Business·Top Stories

CBN, SEC Fine Access Holdings N1.2bn For Contravening Anti-Money Laundering, Trading Regulations

Access Holdings was fined N1.20 billion by the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) in 2024, more than the N38 million penalty paid in 2023. According to the company’s consolidated and separate financial statements for the

June 6, 2025

Stock Market Rally Halted As Demand For Ecobank, PZ Cussons Shares Dropped

Business·Top Stories

Five Best-Performing Real Estate Stocks In Nigeria

The market valuation of real estate stocks in the Nigerian Exchange Limited (NGX) decreased by 7 percent or N30.87 billion between January 2 and June 5, according to Prime Business Africa’s analysis. Data obtained from the NGX showed that the stocks comprise

June 6, 2025

Coronation Insurance Revenue Rises To N15.75bn — But Profit Drops By 38.84%

Business·Top Stories

Coronation Insurance Revenue Rises To N15.75bn, Profit Drops By 38.84%

Coronation Insurance has announced N15.75 billion revenue for the first quarter (Q1) of 2025, indicating turnover increased by 54.18 percent year-on-year from the N10.22 billion reported in Q1 2024. Also, the company’s earnings were impacted by an 82.83 per cent increase in

June 6, 2025

Business·Top Stories

Champion Breweries, MTN, Others Increase Nigerian Stock Market Valuation By N1.15trn

Champion Breweries topped the list of gainers, and the Northern Nigeria Flour Mill (NNFM) led the losers’ table as the stock market capitalisation appreciated by 1.62 percent on Thursday, June 5. This represents a gain of N1.15 trillion, considering the stock market

June 5, 2025

Business·Top Stories

Seplat’s Financial Performance Fails To Save Shareholders From N432bn Loss

Despite an impressive financial performance in the first quarter (Q1) of 2025, Seplat is struggling to attract stock market investors in the second quarter, according to Prime Business Africa’s analysis. In the last four weeks, the value of investments held by Seplat’s

June 5, 2025

BUA Foods Secures N470.21bn Revenue In Three Months

Business·Top Stories

753% Increase In Finance Income Boosts BUA Foods’ Profit Before Tax

In its unaudited financial statements for the first quarter (Q1) of 2025, BUA Foods reported that N442.06 billion in revenue was generated during the period, compared to the N356.92 billion turnover posted in the same period last year. The 23.85 per cent

June 5, 2025

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

Business·Top Stories

Oando Leads Stock Market Gainers’ List, Meyer Among Losers

The stock market capitalisation increased by N223.38 billion on Wednesday, June 4, after the all-share index (ASI) appreciated by 0.31 per cent. According to trading data released by the Nigerian Exchange Limited (NGX), the bourse’s capitalisation increased to N71.11 trillion from N70.89

June 4, 2025

GTCO Shareholders Gain N93.87bn As Lender Reveals Plan To List On LSE

Business·Top Stories

GTCO’s Profit Dropped To N258bn In Q1 2025

Guaranty Trust Holding Company (GTCO) reported N397.38 billion interest income in the first quarter (Q1) of 2025, up 41.09 per cent from N281.65 billion recorded in Q1 last year. However, interest expense grew by 45.40 per cent year-on-year, according to the company’s

June 4, 2025

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Prime Business Africa

FCMB Pensions Reports N8.89bn Revenue But 34% Increase In Tax Payment Impacts Profit

Five Most Valuable Real Estate Companies In Nigeria

CBN, SEC Fine Access Holdings N1.2bn For Contravening Anti-Money Laundering, Trading Regulations

Five Best-Performing Real Estate Stocks In Nigeria

Coronation Insurance Revenue Rises To N15.75bn, Profit Drops By 38.84%

Champion Breweries, MTN, Others Increase Nigerian Stock Market Valuation By N1.15trn

Seplat’s Financial Performance Fails To Save Shareholders From N432bn Loss

753% Increase In Finance Income Boosts BUA Foods’ Profit Before Tax

Oando Leads Stock Market Gainers’ List, Meyer Among Losers

GTCO’s Profit Dropped To N258bn In Q1 2025

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