Prime Business Africa

NGX Market Cap Rises To N125.96trn — Up By N804.56bn

The market capitalisation of the Nigerian Exchange (NGX) increased by N804.56 billion to N125.96 trillion on Monday, February 23, from the N125.16 trillion recorded on Friday, February 20. The all-share index (ASI) expanded by 1,273.78 basis points, from 194,989.77 ASI to 196,263.55

February 23, 2026

Ellah Lakes Shareholders Stuck With Shares Institutional Investors Don't Want

Business·Top Stories

Ellah Lakes Failing Where Presco, Okomu Oil Succeeded

In 2025, Ellah Lakes failed where its market rivals, Presco Plc and Okomu Oil Palm Plc, succeeded, leading to a decline in confidence of Nigerian Exchange (NGX) investors in the company’s growth prospects. Ellah Lakes had recorded a 642.72 percent increase in

February 23, 2026

Business·Top Stories

Official, parallel markets’ FX rates near convergence as gap shrinks to N3

On Friday, February 20, the foreign exchange (FX) rate for the United States dollar (USD) in the black market and the official window consolidated, as the gap shrank to N3.67 kobo, from N11.64 kobo. According to Naira Rates, the black market aggregator,

February 20, 2026

Nigerian Stock Market Record Highest Level In 15-years, Equity Cap Up N59.90bn

Business·Top Stories

Over N1.22trn Gained As Fidson Healthcare, Jaiz Bank Lift NGX Market Cap

Over N1.22 trillion was gained in the Nigerian Exchange (NGX), also known as the stock market, on Friday, February 20, as the bourse’s market capitalisation grew to N125.16 trillion, from the N123.93 trillion recorded on Thursday, February 19. This followed a 1,916.2

February 20, 2026

Business·Top Stories

N3.57bn FX Loss, Trading Gain Decline… Why Cornerstone Insurance’s Profit Dropped By 67%

In 2025, a 36.92 percent increase in Cornerstone Insurance Plc’s revenue was not enough to stop the company’s net income from crashing by 67.85 percent. The revenue increased by double-digit from the N38.66 billion generated between January and December 2024 to N52.94

February 20, 2026

Business·Top Stories

Debt Slash, Double-Digit Revenue Growth Help BUA Foods Absorb N16bn Exchange Loss

Over N1.80 trillion was generated as revenue by BUA Foods between the first quarter (Q1) and the fourth quarter (Q4) of 2025, exceeding the N1.52 trillion achieved in the same period in 2024. According to the company’s unaudited financial statements for the

February 19, 2026

Naira Vs Dollar: What To Expect This Week (2nd - 6th June 2025)

Business·Top Stories

Naira Appreciates Against Dollar In Black Market, Depreciates In Official Window

The United States dollar (USD) rate dropped to N1,352.99 kobo in the black market on Thursday, February 19, from the N1,388.77 kobo per dollar reported on Wednesday, February 18. The black market rate dropped by N35.78 kobo, and the value of the

February 19, 2026

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

Business·Top Stories

Deap Capital Leads NGX Gainers’ List, Tripple Gee Tops Losers’ Table

The top gainers’ list was led by Deap Capital, and Tripple Gee topped the losers’ table on Thursday, February 19, as the Nigerian Exchange (NGX) gained N1.69 trillion. NGX said the market capitalisation increased to N123,93 trillion, from the N122.23 trillion recorded

February 19, 2026

Why Weak Dollar Despite Trade War Could Benefit Nigeria – Experts

Business·Top Stories

Dollar Rate Falls To N1,388/$ In Black Market, Increases To N1,338/$ In Official Window

The naira appreciated against the United States dollar (USD) by 0.71 percent in the black market on Wednesday, February 18, as the foreign exchange (FX) rate for both currencies decreased by N10.02. According to Naira Rates, the black market aggregator, the USD

February 18, 2026

Business·Top Stories

NGX Rebounds With N683bn Gain As Market Cap Settles At N122.23trn

The Nigerian Exchange (NGX) recovered from the slump recorded on Tuesday, February 17, with a N683.62 billion gain as the market capitalisation closed at N122.23 trillion on Wednesday, February 18. During trading the previous day, the NGX’s market capitalisation closed at N121.55

February 18, 2026

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Prime Business Africa

NGX Market Cap Rises To N125.96trn — Up By N804.56bn

Ellah Lakes Failing Where Presco, Okomu Oil Succeeded

Official, parallel markets’ FX rates near convergence as gap shrinks to N3

Over N1.22trn Gained As Fidson Healthcare, Jaiz Bank Lift NGX Market Cap

N3.57bn FX Loss, Trading Gain Decline… Why Cornerstone Insurance’s Profit Dropped By 67%

Debt Slash, Double-Digit Revenue Growth Help BUA Foods Absorb N16bn Exchange Loss

Naira Appreciates Against Dollar In Black Market, Depreciates In Official Window

Deap Capital Leads NGX Gainers’ List, Tripple Gee Tops Losers’ Table

Dollar Rate Falls To N1,388/$ In Black Market, Increases To N1,338/$ In Official Window

NGX Rebounds With N683bn Gain As Market Cap Settles At N122.23trn

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