Business - Page 34

First Bank Changes Names Of Its Subsidiaries In UK, Some Sub-Saharan African Countries

First HoldCo’s Shareholders Lose N67bn After Report Of Oba Otudeko’s Impending Exit

First HoldCo’s shareholders lost over N67 billion on Friday, June 13, amid reports that two majority investors in the company, Oba Otudeko and the Leadway Assurance/Olukayode Odukale bloc, plan to sell off

Prime Business Africa

June 13, 2025

John Holt, CWG, Others End Nigerian Stock Market Losing Streak With N141.70bn Gain

Business·Top Stories

Nigerian Bourse’s Valuation Up By N480.81bn As May and Baker Leads Gainers

At the end of trading on Friday, June 13, the stock market capitalisation increased by N480.81 billion to N72.78 trillion, from N72.30 trillion on Wednesday, June 11. On Thursday, June 12, there

Prime Business Africa

June 13, 2025

$500m World Bank Loan: LCCI Highlights How Nigeria Can Reduce External Borrowing

Business

Support Productive Sectors To Boost Economy, LCCI Tells Nigerian Govt

The Lagos Chamber of Commerce and Industry (LCCI), has called on the Nigerian government to implement targeted programmes that support strategic sectors of the economy. It said such supports would help businesses

Victor Ezeja

June 13, 2025

New Investor Quietly Takes Over As Majority Shareholder Of Sovereign Trust Insurance

Business·Top Stories

Sovereign Trust Insurance Grows Revenue To N20.44bn, Profit Rises By 34%

Sovereign Trust Insurance grew its revenue from N15.46 billion generated in the first quarter (Q1) of 2024 to N20.44 billion in Q1 2025, indicating a 32 percent increase. This was announced in

Prime Business Africa

June 13, 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, 13th 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 13, 2025

Business

Tinubu Seeks Laws That Support Industrial Development

Nigeria’s President, Bola Tinubu, has called for support of the National Assembly in crafting innovative laws that support industrial development, job creation, and scaling up food production in the country. Tinubu emphasised

Victor Ezeja

June 12, 2025

Business·Top Stories

IMG’s Inability To Attract Equity Investors Costs T.Y Danjuma N1.80bn

The value of investment held by T.Y Danjuma in Industrial & Medical Gases, formerly known as BOC Gases, dropped by 13.30 percent between January 2 and June 11, according to Prime Business

Prime Business Africa

June 12, 2025

Business·Top Stories

Five Conglomerate Companies In Nigeria With Highest Market Valuation

The total market valuation of the six conglomerate companies in the Nigerian stock market increased by N35.29 billion or 5.46 percent in the first quarter (Q1) of 2025, according to Prime Business

Prime Business Africa

June 12, 2025

FCMB Borrows N20.68bn To Protect Against Insolvency After Silicon Valley Bank Collapse

Business·Top Stories

FCMB’s Interest Expense Rises Faster Than Income – But Deposits Drop

Over N252.69 billion was recorded as gross earnings for the first quarter (Q1) of 2025 by First City Monument Bank (FCMB), indicating a 41.12 percent increase compared to the N179.05 billion generated

Prime Business Africa

June 12, 2025

Business·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 12th 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 12, 2025

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Business - Page 34

First HoldCo’s Shareholders Lose N67bn After Report Of Oba Otudeko’s Impending Exit

Nigerian Bourse’s Valuation Up By N480.81bn As May and Baker Leads Gainers

Support Productive Sectors To Boost Economy, LCCI Tells Nigerian Govt

Sovereign Trust Insurance Grows Revenue To N20.44bn, Profit Rises By 34%

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 13th June 2025

Tinubu Seeks Laws That Support Industrial Development

IMG’s Inability To Attract Equity Investors Costs T.Y Danjuma N1.80bn

Five Conglomerate Companies In Nigeria With Highest Market Valuation

FCMB’s Interest Expense Rises Faster Than Income – But Deposits Drop

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 12th June 2025

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