Business - Page 36

Cornerstone Insurance Suffers 77.59% Decline In Profit In H1 2025

Cornerstone Insurance’s Revenue Up By 49%, Profit Rises To N25.89bn

Cornerstone Insurance Plc saw its insurance revenue grow by 49 percent in 2024, after recording N38.66 billion, against the N25.91 billion reported in 2023. The company’s insurance service expenses grew similarly, as

Prime Business Africa

June 10, 2025

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

Business·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 10th 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 10, 2025

Business·Power

Nigerian DisCos Lose N202bn Revenue As Electricity Bills Rise By 107%

Despite an increase in electricity billing nationwide, power distribution companies (DisCos) reported a loss of more than N202 billion in their revenue collections for the first quarter of 2025. The latest report

Victor Ezeja

June 10, 2025

Zenith Bank’s Largest Shareholder Continues To Sell Off Shares, Takes Out N15.48m

Business·Top Stories

CBN Fines Zenith Bank, Fidelity Bank, GTCO, Six Other Banks N16.98bn

The Central Bank of Nigeria (CBN) fined commercial banks N17.35 billion in 2024, with the penalty increasing by N16.98 billion compared to the N369,71 million the financial institutions paid in 2023. According

Prime Business Africa

June 9, 2025

Business·Top Stories

FCMB Pensions Reports N8.89bn Revenue But 34% Increase In Tax Payment Impacts Profit

FCMB Pensions Limited has disclosed that the company recorded N8.87 billion as fee income in 2024, compared to N7.26 billion in 2023, indicating a 22.14 percent increase. The pension company announced in

Prime Business Africa

June 9, 2025

Business

Fuel Subsidy Removal: Revenues To States, LGAs Surged By 55.2% In 2024 – Report

The Nigerian government says the removal of fuel subsidy has significantly increased revenues for both state and local governments, marking a major shift in fiscal dynamics. A policy explainer published by the

Victor Ezeja

June 9, 2025

Business·Top Stories

Five Most Valuable Real Estate Companies In Nigeria

Julius Berger Nigeria Plc, Nigeria Infrastructure Debt Fund (NIDF), UPDC Plc, UPDC Real Estate Investment Trust (UPDCREIT), and Haldane McCall are the five most valuable real estate stocks listed on the Nigerian

Prime Business Africa

June 9, 2025

Naira Ends Week With N59.71 Gain At Official Market

Business·Currency·Markets

Naira Vs Dollar: What To Expect This Week (9th – 13th June 2025)

The naira has been on a positive trajectory in recent weeks, maintaining relative stability and a modest appreciation across foreign exchange market windows. The local currency ended last week on a positive

Victor Ezeja

June 9, 2025

Business·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 9th 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 9, 2025

Fresh Petrol Price Hike Stokes Fears Of Further Inflation Spike In Nigeria

Business·Oil & Gas

Expert Predicts Further Petrol Price Drop In June, July Amid Competition, Naira Stability

Economist and Chief Executive Officer of Financial Derivatives Company (FDC), Mr Bismarck Rewane, has predicted that the price of Premium Motor Spirit (PMS), also known as petrol and diesel, may drop in

Victor Ezeja

June 8, 2025

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Business - Page 36

Cornerstone Insurance’s Revenue Up By 49%, Profit Rises To N25.89bn

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 10th June 2025

Nigerian DisCos Lose N202bn Revenue As Electricity Bills Rise By 107%

CBN Fines Zenith Bank, Fidelity Bank, GTCO, Six Other Banks N16.98bn

FCMB Pensions Reports N8.89bn Revenue But 34% Increase In Tax Payment Impacts Profit

Fuel Subsidy Removal: Revenues To States, LGAs Surged By 55.2% In 2024 – Report

Five Most Valuable Real Estate Companies In Nigeria

Naira Vs Dollar: What To Expect This Week (9th – 13th June 2025)

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 9th June 2025

Expert Predicts Further Petrol Price Drop In June, July Amid Competition, Naira Stability

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Oil Billionaires Who Recorded Losses In H1 2025

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Unlocking Nigeria’s Industrial Growth: Experts Chart Path To Boosting Mining, Steel Production

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