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Business - Page 59

First HoldCo, Lasaco Add N244.61bn To Nigerian Stock Market

The Nigerian Exchange Limited (NGX) said the market capitalisation for the stock market increased to N95.52 trillion on Wednesday, December 17, from the N95.28 trillion posted on Tuesday, December 16, representing a N244.61 billion gain. About 383.71 basis points were added to

December 17, 2025

Business·Top Stories

Dangote Sugar, Okomu Oil, Other Gainers Add N764bn To Stock Market Cap

Dangote Sugar and Okomu Oil led the stock market gainers’ list on Tuesday, June 24, with NPF Microfinance Bank and Aradel making the losers’ table. The gains recorded by Dangote Sugar, Okomu Oil, and other companies added N764.12 billion to the bourse’s

June 24, 2025

Business·Top Stories

Infinity Trust Drops, LivingTrust Rises On Most Valuable Nigerian Mortgage Banks List

The total market valuation of mortgage banks in the Nigerian stock market increased by N44.46 billion between January 2 and June 20, according to Prime Business Africa’s analysis. It was gathered that Infinity Trust Mortgage Bank, LivingTrust Mortgage Bank, and Abbey Mortgage

June 24, 2025

Business·Top Stories

Infinity Trust Mortgage Bank’s Revenue Hits N1.28bn In Q1 2025

At the end of the first quarter (Q1) of 2025, Infinity Trust Mortgage Bank Plc recorded N1.28 billion in turnover, exceeding the N853.28 million generated in Q1 2024, reflecting an increase of 50.65 percent. Also, Infinity Trust recorded double-digit growth or a

June 24, 2025

Business·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 24th 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 24th June 2025, is N1,600

June 24, 2025

Business·Oil & Gas·Top Stories

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

Nigeria is facing renewed economic pressure as a fresh increase in petrol prices has sparked concerns over another wave of inflation. Analysts have attributed the latest petrol price increase to the recent surge in crude oil prices in the international market following

June 23, 2025

Business·Top Stories

Stock Market Records N278.49bn Gain As Neimeth, Beta Glass Shares Appreciate

The stock market capitalisation increased by N278.49 billion on Monday, June 23, after the all-share index (ASI) appreciated by 0.37 percent at the end of trading. According to data obtained from the Nigerian Exchange Limited (NGX), the market capitalisation grew to N74.81

June 23, 2025

Business·Top Stories

Best Performing Mortgage Bank Stocks In Nigeria Year-to-date

2025 has been an impressive period for mortgage banks in the Ngeran stock market, as their shares are among the most sought-after between January 2 and June 20. According to Prime Business Africa’s analysis, the total market valuation of mortgage banks in

June 23, 2025

Business·Top Stories

Abbey Mortgage Bank Grows Topline By 76.56%, Bottom Line Rises By 31.51%

Abbey Mortgage Bank has reported its revenue increased by 76.56 percent, after recording N3.68 billion in the first quarter (Q1) of 2025, compared to the N2.08 billion generated in the corresponding period in 2024. According to the company’s unaudited condensed financial statements

June 23, 2025

Business·Currency·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 23rd June 2025

June 23, 2025

Business·Oil & Gas

Dangote Refinery Increases Petrol Ex-Depot Price To N880/litre

Dangote Petroleum Refinery has increased its ex-depot price of Premium Motor Spirit (PMS), also known as petrol, to N880 per litre. This reflects a N55 hike from the previous price of N825 per litre. The new ex-depot price was confirmed by petroleumprice.ng,

June 22, 2025

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Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

The government of Venezuela has condemned what it described as

Bank of Japan Poised to Lift Rates to 30-Year High as Inflation Pressures Persist

The Bank of Japan (BOJ) is set to raise its

SEC Orders Full Registration of Tradable Instruments by January 2026

The Securities and Exchange Commission (SEC) has ordered all Capital

UK Targets Sugary Milk Drinks as Government Tightens Health Levy

The UK Labour government has expanded its existing sugar tax

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Business - Page 59

First HoldCo, Lasaco Add N244.61bn To Nigerian Stock Market

Dangote Sugar, Okomu Oil, Other Gainers Add N764bn To Stock Market Cap

Infinity Trust Drops, LivingTrust Rises On Most Valuable Nigerian Mortgage Banks List

Infinity Trust Mortgage Bank’s Revenue Hits N1.28bn In Q1 2025

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 24th June 2025

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

Stock Market Records N278.49bn Gain As Neimeth, Beta Glass Shares Appreciate

Best Performing Mortgage Bank Stocks In Nigeria Year-to-date

Abbey Mortgage Bank Grows Topline By 76.56%, Bottom Line Rises By 31.51%

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 23rd June 2025

Dangote Refinery Increases Petrol Ex-Depot Price To N880/litre

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First HoldCo, Lasaco Add N244.61bn To Nigerian Stock Market

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SEC Orders Full Registration of Tradable Instruments by January 2026

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