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Business - Page 29

Access Holdings Plc Reports 71.39% Profit Surge In H1 2023

Access Bank Dithers As Analyst Flags Enforcement Hurdles in $220 Million BVI Court’s Debt Judgement

In jurisdictions without reciprocal agreements, judgement execution could be even more difficult or impossible “like getting a judgment in the BVI and seeking to execute it in a Caribbean island that lacks such recognition

October 31, 2025

Business·Top Stories

Lafarge Africa Records N268.62bn Revenue In Three Months

Between April and June 2025, Lafarge Africa generated N268.62 billion in revenue, overshadowing the N157.80 billion turnover reported in the second quarter (Q2) of 2024. Lafarge Africa’s revenue grew faster than the company’s cost of production, as the former increased by 70.22

August 1, 2025

Business·Top Stories

How Oil Investor, Augustine Avuru, Lost N83.36m Daily In Six Months

The first half (H1) of 2025 was not a good period for oil and gas investor, Augustine Avuru, as the value of his investment in Seplat Energy dropped by 4.38 percent. Prime Business Africa notes that Avuru is the fourth majority shareholder

August 1, 2025

Business·Currency·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 1st 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 as the black market, as of 1st August 2025, is

August 1, 2025

Business·News

Sterling HoldCo Records 157% Profit Surge, Plans ₦53bn Public Offer

Sterling Financial Holdings Company Plc (Sterling HoldCo) has announced a 157% increase in its profit-after-tax for the half-year ended June 30, 2025, with earnings climbing to ₦41.78 billion from ₦16.26 billion in the same period last year. The unaudited financial results, released

July 31, 2025

Business·Top Stories

UAC Nigeria, Wema Bank Raise Stock Market Cap By N369.75bn

An increase in the shares of Wema Bank, UAC Nigeria, Guinness and others on the gainers list added N369.75 billion to the market capitalisation of the Nigerian Exchange Limited (NGX) on Thursday, July 31. The gain led to the capitalisation of the

July 31, 2025

Business·Top Stories

First HoldCo’s Profit Drops By 25% To N116bn In Q2 2025

Between April and June 2025, First HoldCo generated N812.12 billion in interest income, surpassing the N501.54 billion recorded in the second quarter (Q2) of 2024, representing an increase of 61.92 percent. The growth in turnover overshadowed the 27.65 percent increase recorded in

July 31, 2025

Business·Top Stories

South-West, South-South… Regions With Highest Majority Investors In Nigeria’s Oil Industry

The oil and gas industry is a vital revenue contributor to the Nigerian economy, contributing 3.97 percent to the total real gross domestic product (GDP) in the first quarter (Q1) of 2025. Some of the major investors in the industry come from

July 31, 2025

Business·Currency·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 31st July 2025

July 31, 2025

Business·Currency·Markets

Naira Records Marginal Depreciation Across Forex Markets

The Nigerian naira recorded marginal depreciation across foreign exchange market Windows on Wednesday, 30 July. At the Nigerian Foreign Exchange Market (NFEM), the naira slightly fell by ₦1.34 to ₦1,534.52 on Wednesday from ₦1,533.18 recorded on Tuesday, according to data published by

July 31, 2025

Business·Top Stories

NGX Market Cap Up N863bn As Dangote Sugar, Berger Paints Record Gains

The market capitalisation of the Nigerian Exchange Limited (NGX) hit N88.05 trillion on Wednesday, July 30, up from N87.19 trillion reported on Tuesday, July 29. This represents an increase of N863.48 billion, which was driven by the 1,365.8 basis points recorded in

July 30, 2025

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Business - Page 29

Access Bank Dithers As Analyst Flags Enforcement Hurdles in $220 Million BVI Court’s Debt Judgement

Lafarge Africa Records N268.62bn Revenue In Three Months

How Oil Investor, Augustine Avuru, Lost N83.36m Daily In Six Months

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

Sterling HoldCo Records 157% Profit Surge, Plans ₦53bn Public Offer

UAC Nigeria, Wema Bank Raise Stock Market Cap By N369.75bn

First HoldCo’s Profit Drops By 25% To N116bn In Q2 2025

South-West, South-South… Regions With Highest Majority Investors In Nigeria’s Oil Industry

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 31st July 2025

Naira Records Marginal Depreciation Across Forex Markets

NGX Market Cap Up N863bn As Dangote Sugar, Berger Paints Record Gains

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Business - Page 29

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