Prime Business Africa

Linkage Assurance's Revenue Rises To N19.29bn, Profit Drops By 23%

Linkage Assurance Records N6bn Revenue, Tax Burden Affects Profit Growth

Linkage Assurance reported 18 per cent growth in its insurance revenue for the first quarter (Q1) of 2025, after recording N6.05 billion, against the N5.12 billion posted in the corresponding period in 2024. The company, in its first quarter financial statement for

May 29, 2025

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

Business·Top Stories

Honeywell Flour Makes Stock Market Gainers’ List, Academy Tops Losers

The stock market capitalisation ended trading at N70.56 trillion on Wednesday, May 28, up from N70.37 trillion recorded on Tuesday, May 27. According to data obtained from the Nigerian Exchange Limited (NGX), the increase was driven by the 296.39 basis points recorded

May 28, 2025

Strong Topline, FX Gain Help Neimeth Return To Profitability

Business·Top Stories

Neimeth Suffers N2bn FX Loss, Records 50% Decline In Loss After Tax

Neimeth International Pharmaceuticals Plc grew its top line by triple-digits or 102.98 percent in 2024, after generating N4.48 billion, surpassing the N2.20 billion turnover recorded in 2023. According to the company’s financial statements for the year ending December 31, 2024, Neimeth spent

May 28, 2025

Why Public, Private Sector Must Prioritize Investments In Innovation To Improve Healthcare - Elumelu

Business·Top Stories

Tony Elumelu Increases Stake In UBA With N1.54bn Shares

Tony Elumelu, the chairman of the United Bank for Africa (UBA), has bought new shares in the lender to increase his stake from 6.19 per cent to 6.30 per cent, according to Prime Business Africa’s analysis. In a ‘Dealng by an insider’

May 28, 2025

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

Business·Top Stories

Nigerian Stock Market Cap Gains N1.08trn In Five Hours

On Tuesday, May 27, the market capitalisation of the Nigerian stock market increased by N1.08 trillion from N69.29 trillion on Monday, May 26, to N70.37 trillion. This followed the 1,721.3 basis points gained by the all-share index (ASI), which expanded from 109,884.92

May 27, 2025

Meyer Earns N2bn From Paint Sale, Grows Profit By 104.85%

Business·Top Stories

Meyer Spent N678m On Paint Production To Generate N1bn Revenue In Q1

The revenue of Meyer Paints increased by 73.75 percent to N1.09 billion in the first quarter (Q1) of 2025, up from N629.74 million reported in the same period in 2024. Meyer announced the turnover in its consolidated and separate financial statements for

May 27, 2025

Business·Top Stories

Champion Brew’s Majority Shareholder Sells Off 350m Shares, Profits From Bullish Run

Raysun Nigeria Limited, the majority shareholder of Champion Brew, has sold 350 million shares in the brewer to reduce its stake by 3.91 percent in the first quarter (Q1) of 2025. Prime Business Africa gathered that Raysun Nigeria Limited held 7.17 billion

May 27, 2025

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Prime Business Africa

Linkage Assurance Records N6bn Revenue, Tax Burden Affects Profit Growth

Honeywell Flour Makes Stock Market Gainers’ List, Academy Tops Losers

Neimeth Suffers N2bn FX Loss, Records 50% Decline In Loss After Tax

Tony Elumelu Increases Stake In UBA With N1.54bn Shares

Nigerian Stock Market Cap Gains N1.08trn In Five Hours

Meyer Spent N678m On Paint Production To Generate N1bn Revenue In Q1

Champion Brew’s Majority Shareholder Sells Off 350m Shares, Profits From Bullish Run

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