Business - Page 28

Molar Vessels Reduces Stake In Caverton Offshore By 6.84% After Taking Out N118.72m

Molar Vessels Supplies Limited, a major shareholder in Caverton Offshore Support Group, has sold off 5.91 million shares to reduce its investment exposure in the marine and aviation company. The investment vehicle

Prime Business Africa

June 27, 2025

Business·Top Stories

Legend Internet, Oando, Others Wiped Off N491.83bn From Stock Market

Over N491.83 billion was lost at the end of trading on Friday, June 27, after the stock market capitalisation declined to N75.96 trillion from N76.45 trillion on Thursday, June 26. Similarly, the

Prime Business Africa

June 27, 2025

Business·Top Stories

Five Best-Performing Banks In Nigeria – By Deposit Growth In Q1 2025

NPF Microfinance Bank, Fidelity Bank, Ecobank, Stanbic IBTC, and Zenith Bank made it into the best-performing banks by deposit growth in the first quarter (Q1) of 2025. According to findings, there are

Prime Business Africa

June 27, 2025

Naira Opens Week With Gain Across FX Markets

Business·Markets

Naira Records Three-month High Of N1,536 Per Dollar At Official Market

The Nigerian naira has risen to a three-month high of N1,536.08 per dollar on Thursday, 26 June 2025, at the official foreign exchange market. The last time the naira recorded that rate

Victor Ezeja

June 27, 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, 27th June 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

June 27, 2025

Business

New Tax Laws Will Not Raise More Taxes – Oyedele

Chairman of the Presidential Fiscal Policy and Tax Reform Committee, Mr Taiwo Oyedele, has stated that the newly signed tax laws will not lead to raising more taxes in Nigeria. Oyedele said

Victor Ezeja

June 26, 2025

Business·Oil & Gas

NUPRC Mandates Oil Licence Holders To Pay $5,000 For Extension

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has highlighted conditions that all Petroleum Prospecting Licence (PPL) holders whose licences are about to expire must fulfil to secure extension. One of the

Victor Ezeja

June 26, 2025

Business·Top Stories

Stock Market Cap Sheds N307bn After Five Hours Of Trading

After five hours of trading on Thursday, the Nigerian stock market closed with a N307.03 billion loss as the equity capitalisation dropped to N76.45 trillion. The market capitalisation decreased from N76.76 trillion

Prime Business Africa

June 26, 2025

Business·Top Stories

Access Holdings Drops, Stanbic IBTC Rises On Nigeria’s Trillion-Naira Bank List

The number of banks worth over a trillion naira in the stock market has increased from five to seven on Wednesday, June 25, as Fidelity Bank joined the list after its market

Prime Business Africa

June 26, 2025

Guinea Insurance Records N106.27bn Loss Despite 12% Increase In Revenue

Business·Top Stories

Guinea Insurance Earnings Surge As Expenses Drop 72%, Finance Income Rises 1,490%

Guinea Insurance recorded N706.63 million in insurance revenue in the first quarter (Q1) of 2025, overshadowing the N484.86 million recorded in the corresponding period last year. The insurer reported the increase in

Prime Business Africa

June 26, 2025

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Business - Page 28

Molar Vessels Reduces Stake In Caverton Offshore By 6.84% After Taking Out N118.72m

Legend Internet, Oando, Others Wiped Off N491.83bn From Stock Market

Five Best-Performing Banks In Nigeria – By Deposit Growth In Q1 2025

Naira Records Three-month High Of N1,536 Per Dollar At Official Market

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 27th June 2025

New Tax Laws Will Not Raise More Taxes – Oyedele

NUPRC Mandates Oil Licence Holders To Pay $5,000 For Extension

Stock Market Cap Sheds N307bn After Five Hours Of Trading

Access Holdings Drops, Stanbic IBTC Rises On Nigeria’s Trillion-Naira Bank List

Guinea Insurance Earnings Surge As Expenses Drop 72%, Finance Income Rises 1,490%

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