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Business - Page 614

NGX Market Cap Rises By N2.92bn, Sovereign Insurance Leads Gainers’ List

On Monday, December 15, the Nigerian Exchange (NGX) Limited slightly increased by N2.92 billion to N95.267 billion, from N95.264 trillion recorded on Friday, December 12. In the same vein, the all-share index (ASI) appreciated slightly to 149,437.88, from 149,433.25 ASI. About 553.16

December 15, 2025

Nigerian Banks Rely More On Liquidity, As Borrowing From CBN Rises To N19.8trn

Business·FEATURES·Insights

GTCO, Zenith Bank, Seven Others Lose Revenue Market Share, As Industry Generates N3.14 trillion

Guaranty Trust Holding Company (GTCO), Zenith Bank and five other banks lost their revenue market share in the financial industry in the First Half (H1) of 2022, amid competition from Wema Bank and Access Holdings. Prime Business Africa analysed the financial statements

October 11, 2022

Blockchain: Central Bank System In Its Last Days, Nigerian VP Warns Emefiele-led CBN

Business·Finance & Economy·News

Blockchain: Central Banking Ends Soon, Nigerian VP Warns Emefiele-led CBN

The Vice President, Yemi Osinbajo, says the central banking systems is in its last days due to blockchain technology. He said Central Bank of Nigeria (CBN) must adopt it to survive. Osinbajo has always made a case for digital currency and blockchain,

October 11, 2022

Business·World News

$2,500 Policy Fine: PayPal Loses N4.77 trillion After Elon Musk, Others Criticism

The share price of PayPal Holdings Inc. fell on Monday due to criticism from Elon Musk and other social media users during the weekend over policy to fine customers $2,500. PayPal had written in its updated policy that customers using its services

October 11, 2022

Business·Oil & Gas

Ex-militant, Tompolo, Makes New Revelation About Illegal Crude Oil Sites In Nigeria

Ex-militant, Government Ekpemupolo, also known as Tompolo, revealed that in the Nigeria Delta region, there are 58 illegal crude oil tapping sites. Tompola’s revelation comes after the Nigerian National Petroleum Corporation (NNPC) Limited discloses that a 4km illegal pipeline was discovered in Delta

October 10, 2022

AMA News·Business

Seven reasons why YouthConnekt Africa Summit is the most awaited showcase of African innovation and talent

Credit: AdobeStock KIGALI, Rwanda, 10 October, 2022,-/African Media Agency (AMA)/- In less than ten days, all roads will lead to Kigali, Rwanda, for the 5th edition of the annual YouthConnekt Africa Summit 2022 (YCAS 2022). Organised by the Government of Rwanda, through its

October 10, 2022

AMA News·Business

Bybit Users to Make the Most of Their Capital With New Loans

Bybit users can make more efficient use of their assets and earn extra income via the crypto exchange’s passive income and trading products. VICTORIA, Seychelles, 10 October 2022 -/African Media Agency(AMA)/- Bybit, the world’s third most visited crypto exchange, today launched its Crypto Loans service,

October 10, 2022

Business·Insights

5 Billionaire Investors Otedola, Ovia, Otudeko, Makanjuola, Adefisan Sell Over N88.14 billion Shares In 2022

Nigerian billionaire investors have been busy in the Nigerian stock market this year, selling off their shares for various reasons in the last ten months. Prime Business Africa tracked the market activities of five major investors in Nigerian quoted companies, and gathered

October 10, 2022

Business·Insights

Best Performing Bank Stocks H1: Investors Sell Off GTCO, Zenith Bank Shares To Buy Wema, Others

Shareholders of United Bank for Africa (UBA), Guaranty Trust Holding Company (GTCO), Access Corporation and Zenith Bank suffered heavy losses in the Nigerian Stock Exchange during the First Half (H1) of 2022. Investors snubbed the tier-one commercial banks, resulting to a sell

October 9, 2022

GSK Exit: LCCI Decries Challenging Business Environment In Nigeria

Business·News

Nigeria Doesn’t Have 20.51 trillion Budget In 2023, LCCI Warns

Nigeria’s record N20.5 trillion (or $47.3 billion) proposed budget to run the economy in 2023 reflects the huge needs that exist in critical sectors of the economy, the Lagos Chamber of Commerce and Industry (LCCI), observed on Sunday morning. The reaction by

October 9, 2022

Business·Insights·Oil & Gas

Nigeria’s Oil Revenue To Lose N1.24 trillion, Amid Drop In Crude Production

Nigeria’s oil revenue will fall next year according to the projection made by President Muhammadu Buhari on Thursday during the presentation of 2023 budget to the National Assembly. Prime Business Africa had reported that President Buhari presented N20.51 trillion budget, which he

October 8, 2022

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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

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 26th November 2025

What is the dollar-to-naira exchange rate on the black market,

CBN Further Raises Benchmark Interest Rate To 27.25%

CBN Holds Interest Rate At 27% — Fourth Time In 2025

The monetary policy committee (MPC) of the Central Bank of

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Business - Page 614

NGX Market Cap Rises By N2.92bn, Sovereign Insurance Leads Gainers’ List

Blockchain: Central Banking Ends Soon, Nigerian VP Warns Emefiele-led CBN

$2,500 Policy Fine: PayPal Loses N4.77 trillion After Elon Musk, Others Criticism

Ex-militant, Tompolo, Makes New Revelation About Illegal Crude Oil Sites In Nigeria

Seven reasons why YouthConnekt Africa Summit is the most awaited showcase of African innovation and talent

Bybit Users to Make the Most of Their Capital With New Loans

5 Billionaire Investors Otedola, Ovia, Otudeko, Makanjuola, Adefisan Sell Over N88.14 billion Shares In 2022

Best Performing Bank Stocks H1: Investors Sell Off GTCO, Zenith Bank Shares To Buy Wema, Others

Nigeria Doesn’t Have 20.51 trillion Budget In 2023, LCCI Warns

Nigeria’s Oil Revenue To Lose N1.24 trillion, Amid Drop In Crude Production

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UK Targets Sugary Milk Drinks as Government Tightens Health Levy

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CBN Holds Interest Rate At 27% — Fourth Time In 2025

Ezekwesili Bags International Anti-Corruption Lifetime Achievement Award in Doha

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Business - Page 614

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