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Business - Page 51

Dangote Group Assures Nigerians of Stable Fuel Prices Despite New 15% Import Tariff

The Dangote Group has moved to allay public concerns over the Federal Government’s newly approved 15 per cent import tariff on petrol and diesel, insisting that the policy will not trigger fuel price hikes. The Group’s Chief Corporate Communications Officer, Anthony Chiejina,

November 3, 2025

Business·Top Stories

Shareholders Of NNFM, C&I Leasing, Others Lost N102.67bn After Trading Hours

Shareholders of Northern Nigeria Flour Mill (NNFM), C&I Leasing and other companies on the losers list lost N102.67 billion after trading hours on Monday, June 16. As a result, the stock market capitalisation plunged to N72.68 trillion, from N72.78 trillion reported on

June 16, 2025

Business·Top Stories

SCOA, Chellarams… Five Best-Performing Conglomerate Stocks In Q1 2025

At the end of the first quarter (Q1) of 2025, the best-performing conglomerate stocks are SCOA Nigeria, Chellarams Plc, Custodian & Allied Plc, UAC of Nigeria, and Transnational Corporation (Transcorp) of Nigeria Plc. Prime Business Africa gathered that all the companies in

June 16, 2025

Majority Shareholders Reduce Investments In Lasaco Assurance

Business·Top Stories

Lasaco Assurance Recorded N10.43bn Turnover, PAT Grew 26.46% In Q1 2025

Lasaco Assurance has reported its revenue increased by 59 per cent to N10.43 billion in the first quarter (Q1) of 2025, exceeding the N6.57 billion turnover posted in Q1 2024. The company, in its Q1 2025 financial statement, also reported that its

June 16, 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, 15th 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 as black market, as of 15th June 2025, is N1,600

June 15, 2025

Business·Currency·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 14th June 2025

June 14, 2025

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

Business·Top Stories

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 their stakes in the company. According to a report on

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 was no activity on the Nigerian stock market due to

June 13, 2025

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 in productive sectors in reducing operational costs, boost production and

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 the company’s Q1 2025 financial statements, which also revealed that

June 13, 2025

Business·Currency·Markets

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

June 13, 2025

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Business - Page 51

Dangote Group Assures Nigerians of Stable Fuel Prices Despite New 15% Import Tariff

Shareholders Of NNFM, C&I Leasing, Others Lost N102.67bn After Trading Hours

SCOA, Chellarams… Five Best-Performing Conglomerate Stocks In Q1 2025

Lasaco Assurance Recorded N10.43bn Turnover, PAT Grew 26.46% In Q1 2025

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 15th June 2025

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 14th June 2025

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

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