Business

Morison Reduces Pretax Loss To N3.89m As Revenue Rises 95%

Morison Industries saw a 95.87 percent growth in its revenue in the first half (H1) of 2025, as turnover increased to N225.73 million, surpassing the N115.24 million grossed between January and June

Prime Business Africa

August 22, 2025

Business·Top Stories

NGX Rebounds With N424.96bn Gain, FTN Cocoa, Beta Glass Lead Recovery

On Friday, August 22, the stock market gained N424.96 billion after the market capitalisation of the Nigerian Exchange Limited (NGX) grew to N89.20 trillion, from the N88.78 trillion posted on Thursday, August

Prime Business Africa

August 22, 2025

Business·Top Stories

Champion Brew’s Stock Outperforms Guinness, Nigerian Breweries, International Breweries In H1 2025

The brewery companies in the Nigerian Exchange Limited (NGX), also known as the stock market, closed the first half (H1) of 2025 on a high as the shares of Champion Brew, Nigerian

Prime Business Africa

August 22, 2025

Business·Finance & Economy

Nigeria’s External Reserves Hit Four-Year High Of $41bn

Nigeria’s external reserves have reached a significant milestone, hitting a four-year high of $41.046 billion as of August 20, 2025. This achievement marks the highest level since December 2021 and reflects a

Victor Ezeja

August 22, 2025

Business·News·Power

Reps Probe N2.6trn Debt Owed By Discos

The House of Representatives Public Accounts Committee has launched a comprehensive investigation into the N2.6 trillion debt owed by Nigeria’s electricity distribution companies (Discos) to the Federal Government. The 11 electricity distribution

Victor Ezeja

August 21, 2025

Business·Top Stories

BUA Cement, UPL Drag Stock Market Cap Down By N780.64bn

The market capitalisation of the Nigerian Exchange Limited (NGX), also known as the Nigerian stock market, depreciated by N780.64 billion to N88.78 trillion on Thursday, August 21. According to the data obtained

Prime Business Africa

August 21, 2025

Business·Top Stories

Shareholders Of Infinity Trust Mortgage Bank Record Biggest Loss In 2025 After PenCom Blacklist Firm

At the end of trading on Wednesday, August 20, the shares of Infinity Trust Mortgage Bank were dumped following the National Pension Commission (PenCom) clampdown on the company for flouting housing loan

Prime Business Africa

August 21, 2025

Business·Top Stories

Prestige Assurance’s Failure To Curb Expenses Results In 81% Drop In Profit

Prestige Assurance said it surpassed the N11.57 billion gross premium reported for the first half (H1) of 2024, after recording N15.32 billion in the same period this year, reflecting an increase of

Prime Business Africa

August 21, 2025

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 1st July 2025

Business·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 21st August 2025

What is the dollar-to-naira exchange rate on the black market, like the Aboki Fx? The exchange rate for the US dollar (USD) to Nigerian naira (NGN) in the parallel market, also known

Victor Ezeja

August 21, 2025

Benefits Of Dangote Refinery’s PMS, Diesel Distribution Plan

Business·Oil & Gas

Dangote Refinery Cuts Diesel Price To ₦960 Per Litre

Dangote Petroleum Refinery has announced a reduction in its ex-depot price of diesel to ₦960 per litre, a ₦30 price cut from ₦990 sold previously. This was confirmed by the refinery’s spokesperson,

Victor Ezeja

August 21, 2025

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Business

Morison Reduces Pretax Loss To N3.89m As Revenue Rises 95%

NGX Rebounds With N424.96bn Gain, FTN Cocoa, Beta Glass Lead Recovery

Champion Brew’s Stock Outperforms Guinness, Nigerian Breweries, International Breweries In H1 2025

Nigeria’s External Reserves Hit Four-Year High Of $41bn

Reps Probe N2.6trn Debt Owed By Discos

BUA Cement, UPL Drag Stock Market Cap Down By N780.64bn

Shareholders Of Infinity Trust Mortgage Bank Record Biggest Loss In 2025 After PenCom Blacklist Firm

Prestige Assurance’s Failure To Curb Expenses Results In 81% Drop In Profit

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 21st August 2025

Dangote Refinery Cuts Diesel Price To ₦960 Per Litre

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Morison Reduces Pretax Loss To N3.89m As Revenue Rises 95%

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