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Business - Page 63

Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

The Federal Government of Nigeria has issued its debut bond under the Presidential Power Sector Debt Reduction Programme, raising N590 billion to settle verified arrears owed to power generation companies and gas suppliers. The bond, guaranteed by the full faith and credit

December 21, 2025

Business·Top Stories

Nigerian Stock Market Cap Extends Decline With N183.30bn Loss

On Tuesday, June 17, the equity capitalisation of the Nigerian stock market dropped to N72.49 trillion, from N72.68 trillion posted on Monday, June 16, indicating a decrease of N183.30 billion. The 0.30 per cent decline in the equity capitalisation was driven by

June 17, 2025

Business·Top Stories

Majority Shareholders Tighten Control Over Lasaco Assurance With 7bn Shares

Lasaco Assurance’s majority shareholders, Ibile Holdings Ltd and Canon Properties & Investments Ltd, increased their shareholdings in the company by 7.08 billion shares in the first quarter (Q1) of 2025. According to Prime Business Africa’s analysis, Ibile Holdings increased its shares by

June 17, 2025

Consolidated Hallmark Holdings Profit Drops From N7.52bn To N1.15bn In H1 2025

Business·Top Stories

Consolidated Hallmark Generates N13.31bn Turnover, Profit Falls To N359.30m

Over N13.31 billion revenue was generated by Consolidated Hallmark Holding in the first quarter (Q1) of 2025, compared to the N6.19 billion recorded in the same period in 2024, indicating a 114.87 percent increase. Also, its insurance service expenses increased by 48.13

June 17, 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, 17th 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 17th June 2025, is N1,600

June 17, 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

Business·Markets

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

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

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Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

The Federal Government of Nigeria has issued its debut bond

Dollar Trades Flat In Black Market, Appreciates In Official Window

The dollar traded at N1,487.01/$1 in the parallel market on

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

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Business - Page 63

Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

Nigerian Stock Market Cap Extends Decline With N183.30bn Loss

Majority Shareholders Tighten Control Over Lasaco Assurance With 7bn Shares

Consolidated Hallmark Generates N13.31bn Turnover, Profit Falls To N359.30m

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 17th June 2025

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

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Business - Page 63

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