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Business - Page 25

BVI Court Slams $220m Judgment on Ex-Seplat Chairman Orjiako in Landmark Debt Enforcement Case

The British Virgin Islands (BVI) Commercial Court has delivered a significant ruling in favour of Access Bank Plc, granting the Nigerian lender summary judgment exceeding $220 million against businessman and former Seplat Energy chairman, Dr. Ambrosie Bryant Chukwueloa Orjiako, his wife, and

October 29, 2025

Business·Top Stories

NGX Market Cap Up N478.83bn, AIICO Leads Gainers’ List

Over N478.83 billion was gained in the stock market capitalisation on Thursday, as the bourse’s valuation increased from N92.25 trillion on Wednesday, August 6, to N92.73 trillion on Thursday, August 7. Also, the all-share index (ASI) expanded by 756.85 basis points to

August 7, 2025

Business·Top Stories

Tony Elumelu, Segun Agbaje, Five Other Bank Majority Shareholders Gained N372bn In H1 2025

Over N372.57 billion was made by Tony Elumelu, Jim Ovia, Segun Agbaje, Nneka Onyeali-Ikpe, Abolanle Matel-Okoh, Stanbic Africa Holdings, and Police Cooperatives Society Ltd between January and June 2025. The six investors were the only majority shareholders who recorded a growth in

August 7, 2025

Business·Top Stories

Cornerstone Insurance Suffers 77.59% Decline In Profit In H1 2025

Cornerstone Insurance grew its revenue to N24.46 billion in the first half (H1) of 2025, up from N16.94 billion turnover reported in the corresponding period in 2024, reflecting a 44.36 percent increase. The company’s service expense also increased by two digits, according

August 7, 2025

Business·Currency·Markets

Naira Further Depreciates At Official Market

The Nigerian naira continued to decline against the United States dollar at the official foreign exchange market on Wednesday, 6 August 2025, marking the second depreciation this week. The Central Bank of Nigeria (CBN) data show that the naira dropped to ₦1,534.44

August 7, 2025

Business·Oil & Gas

NNPCL Slashes PMS Price By N55 In 48 Hours

The Nigerian National Petroleum Company Limited (NNPCL) has slashed the pump price of its Premium Motor Spirit (PMS), also known as petrol, 48 hours after increasing it across retail outlets. In Abuja, the Federal Capital Territory, NNPC retail outlets reduced the PMS

August 6, 2025

Business·Top Stories

SCOA Leads Gainers, NGX Group Tops Losers In Stock Market

The equity capitalisation of the Nigerian stock market increased from N91.60 trillion on Tuesday, August 5, to N92.25 trillion on Wednesday, August 6. This represents a N643.73 billion growth, which was driven by the 1,017.49 basis points gained by the all-share index

August 6, 2025

Business·Top Stories

Nigeria’s Manufacturing Sector Records Low Foreign Inflow As Investors Favour Financial Markets In Q1 2025

Nigeria’s manufacturing and agriculture were among the sectors that recorded the least foreign investment inflows in the first quarter (Q1) of 2025, according to the latest report released by the National Bureau of Statistics (NBS). The manufacturing (or production) sector attracted only $129.92 million, accounting for a

August 6, 2025

Business·Top Stories

Five Bank Majority Shareholders Lost N49.43bn In H1 2025

Five majority shareholders in the banking industry lost N49.43 billion in the first half (H1) of 2025, after the share prices of their banks plunged. The five majority shareholders, comprising Ladi Balogun, Mike Adenuga, Femi Otedola, Muhammadu Indimi and late Herbert Wigwe,

August 6, 2025

Business·Top Stories

Sovereign Trust Insurance’s Revenue Rises To N34bn, Profit Increases By 44%

Between January and June 2025, Sovereign Trust Insurance recorded N34.07 billion turnover, up by 45 percent compared to the N23.56 billion generated in the first half (H1) of 2024. Sovereign Trust Insurance announced the growth in revenue in its unaudited consolidated financial

August 6, 2025

Business

NIIRA 2025 Will Boost Policyholders’ Confidence In Insurance Industry – Expert

Managing Director, Cowry Asset Management, Mr Johnson Chukwu, has commended the Nigerian government for enacting the new insurance law, saying it has key provisions that will address the problems limiting the growth of the insurance industry in the country. President Bola Tinubu

August 6, 2025

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Business - Page 25

BVI Court Slams $220m Judgment on Ex-Seplat Chairman Orjiako in Landmark Debt Enforcement Case

NGX Market Cap Up N478.83bn, AIICO Leads Gainers’ List

Tony Elumelu, Segun Agbaje, Five Other Bank Majority Shareholders Gained N372bn In H1 2025

Cornerstone Insurance Suffers 77.59% Decline In Profit In H1 2025

Naira Further Depreciates At Official Market

NNPCL Slashes PMS Price By N55 In 48 Hours

SCOA Leads Gainers, NGX Group Tops Losers In Stock Market

Nigeria’s Manufacturing Sector Records Low Foreign Inflow As Investors Favour Financial Markets In Q1 2025

Five Bank Majority Shareholders Lost N49.43bn In H1 2025

Sovereign Trust Insurance’s Revenue Rises To N34bn, Profit Increases By 44%

NIIRA 2025 Will Boost Policyholders’ Confidence In Insurance Industry – Expert

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