Business - Page 19

Heirs Insurance Grows Revenue To N14.32bn

Heirs Insurance has disclosed that it recorded N14.32 billion revenue in 2024, surpassing the N12.05 billion generated in 2023, representing an increase of 18.78 percent. The insurer reported that insurance service expenses

Prime Business Africa

July 17, 2025

Business

UBA Seeks To Raise N157.8bn Through Rights Issue

In its quest to meet the Central Bank of Nigeria’s new capital requirements, the United Bank for Africa (UBA) has declared its intention to raise N157.8 billion by means of a rights

Victor Ezeja

July 17, 2025

Business·Top Stories

Oba Otudeko Exits First HoldCo, Sells Off Shares

The former chairman of First Bank, Oba Otudeko, has exited First HoldCo, as he partook in 17 deals to trade 10.43 billion shares, worth N323.45 billion, on Wednesday, July 16. According to

Prime Business Africa

July 17, 2025

Business·Currency·Markets

Naira Falls To ₦1,530/$ At Official Market After Public Holiday

The Nigerian naira recorded a mixed performance across foreign exchange market windows on Wednesday, a day after the public holiday observed in honour of late former President Muhammadu Buhari. While the naira

Victor Ezeja

July 17, 2025

Most Valuable Paint Manufacturers In Nigeria In Q2 2025

Business·Top Stories

Investment In Berger Paints Was More Profitable Than Meyer, CAP In Q2

Berger Paints ended the second quarter (Q2) of 2025 as the best-performing paint manufacturing company in the Nigerian stock market, outperforming its rivals, Chemical Allied Products (CAP) Plc and Meyer. The three

Prime Business Africa

July 16, 2025

Business·Top Stories

Nigerian Stock Market Cap Rises By N1.44trn As First HoldCo Records N324bn Trades

After trading on Wednesday, the stock market capitalisation grew to N81.58 trillion, from N80.14 trillion, as First HoldCo records N324.47 billion trades. The market capitalisation increased by N1.44 trillion, while the all-share

Prime Business Africa

July 16, 2025

Diesel Price Drop Will Bring Down Nigeria’s inflation Rate – Dangote

Business

Marketers Fret As Dangote Moves To Crash Cooking Gas Price

President of Dangote Group, Alhaji Aliko Dangote, has announced plans by his Refinery to begin direct sale of cooking gas, also referred to as Liquefied Petroleum Gas (LPG), with the goal of

Victor Ezeja

July 16, 2025

Business·Oil & Gas

Oil Production: Nigeria Again Exceeds OPEC Quota In 2025

Nigeria’s oil production has shown significant improvement in 2025, with the country exceeding the production quota allocated to it by the Organisation of the Petroleum Exporting Countries (OPEC) for the second time this

Victor Ezeja

July 16, 2025

Business·Top Stories

Nigerians Spent Over N18.91bn On Hotel Rooms Within Three Months

Nigerians spent over N18.91 billion on hotel rooms between April and June 2025, according to the second quarter (Q2) financial statements of Transcorp Hotels and Ikeja Hotel. Prime Business Africa gathered that

Prime Business Africa

July 16, 2025

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

Business·Currency·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 16th July 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

July 16, 2025

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Business - Page 19

Heirs Insurance Grows Revenue To N14.32bn

UBA Seeks To Raise N157.8bn Through Rights Issue

Oba Otudeko Exits First HoldCo, Sells Off Shares

Naira Falls To ₦1,530/$ At Official Market After Public Holiday

Investment In Berger Paints Was More Profitable Than Meyer, CAP In Q2

Nigerian Stock Market Cap Rises By N1.44trn As First HoldCo Records N324bn Trades

Marketers Fret As Dangote Moves To Crash Cooking Gas Price

Oil Production: Nigeria Again Exceeds OPEC Quota In 2025

Nigerians Spent Over N18.91bn On Hotel Rooms Within Three Months

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 16th July 2025

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