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Business - Page 646

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·Insights

Best Performing Nigerian Cement Companies: Aliko Dangote Losing To Abdulsamad Rabiu

As earnings report for the first half (H1) period of 2022 emerges from Nigerian cement producers, Prime Business Africa analyses the performance of the Big Three companies operating in the industry. The revenue generated by the Nigerian cement industry, based on publicly

August 8, 2022

Business·News

Nova Merchant Bank Appoints New Directors, Promotes 20% Workforce

NOVA Merchant Bank, a leading merchant bank in Nigeria has announced the appointment of two independent non-executive directors and one non-executive director as it elevates about 20 per cent of its workforce to various grade levels in the Bank. The three

August 7, 2022

AMA News·Business

Bybit Launchpad 2.0 to Host DEFY IEO

ROAD TOWN, British Virgin Islands, 5 August 2022 -/African Media Agency(AMA)/- Bybit, the third most visited cryptocurrency exchange in the world, will list DEFY, the native platform token and the utility token of DEFY, on Bybit Launchpad 2.0. DEFY is a play-and-earn NFT Blockchain mobile

August 5, 2022

AMA News·Business

Game On for Bybit-Backed GameFi Platform, Yeeha Games

SINGAPORE, 5 August 2022 -/African Media Agency(AMA)/- Yeeha Games, a $50 million-funded GameFi platform, has announced its entry into the world of web3 gaming. To bridge the gap between traditional gaming and GameFi, Yeeha Games will be releasing a number of blockchain games

August 5, 2022

Business

Clients Of Unregistered Investment Platforms To Lose Money, As Nigerian Gov’t Makes New Threat

Nigerian government is going after unregistered crowdfunding platforms, and have warned that anyone dealing with the illegal companies will lose their money during the crackdown. According to the capital market regulator, Securities and Exchange Commission (SEC), there are crowdfunding investment companies operating

August 5, 2022

Business

Polaris Bank’s Management Addresses Planned Sale Of Company To Private Investors

Polaris Bank has described reports that the financial institution is set to be sold to a commercial farmer and the Sarkin Sudan of Gombe State, Auwal Lawan Abdullahi, as speculative. In a statement issued by the management of Polaris Bank, the lender

August 5, 2022

Naira Ends Week With N59.71 Gain At Official Market

Business·Currency

Black Market Dollar To Naira Exchange Rate: Bureau De Change Operators Reduce Dollar Rate Again, After EFCC Raid

August 4, 2022 Dollar Rate Update: The naira appreciated by 0.25% on Thursday, as the Nigerian currency continues to gain ground against the dollar, despite a decrease in the value of foreign exchange trades in the official forex market. Traders on the

August 5, 2022

AMA News·Business

Beacon Power Services, closes $2.7M seed round to improve electricity access for cities across Sub-Saharan Africa

LAGOS, Nigeria, 5 August 2022 -/African Media Agency(AMA)/- Beacon Power Services (BPS), an energy tech company providing data and grid management solutions to help Africa’s power sector distribute electricity more efficiently, today announced closing of a $2.7 million round of seed financing.

August 5, 2022

Buhari Mourns Isaac Sagay, Former Nigeria’s Ambassador To The Holy See

Business

Russia And Ukraine War, COVID-19 Cause For Rising Food Prices – Nigerian Gov’t

Despite rising insecurity affecting farmers in Northern Nigeria, the Minister of Agriculture, Mohammad Abubakar, said COVID-19 and the war between Russia and Ukraine caused prices of foods to skyrocket. Prime Business Africa had previously reported that food inflation rose from 19.5% in

August 5, 2022

Buhari Pledges Support For Stability Of Chad

Business

Cost of Goods Set To Rise Again, As Governors Want Buhari To Increase VAT to 20 percent

Nigerian governors have urged the Federal Government to increase the Value Added Tax (VAT) to 15 percent, and remove petrol subsidy in order to raise the government’s revenue, and reduce expenditure. The governors want VAT increased from the current 7.5 percent to

August 5, 2022

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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 646

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

Best Performing Nigerian Cement Companies: Aliko Dangote Losing To Abdulsamad Rabiu

Nova Merchant Bank Appoints New Directors, Promotes 20% Workforce

Bybit Launchpad 2.0 to Host DEFY IEO

Game On for Bybit-Backed GameFi Platform, Yeeha Games

Clients Of Unregistered Investment Platforms To Lose Money, As Nigerian Gov’t Makes New Threat

Polaris Bank’s Management Addresses Planned Sale Of Company To Private Investors

Black Market Dollar To Naira Exchange Rate: Bureau De Change Operators Reduce Dollar Rate Again, After EFCC Raid

Beacon Power Services, closes $2.7M seed round to improve electricity access for cities across Sub-Saharan Africa

Russia And Ukraine War, COVID-19 Cause For Rising Food Prices – Nigerian Gov’t

Cost of Goods Set To Rise Again, As Governors Want Buhari To Increase VAT to 20 percent

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

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UK Targets Sugary Milk Drinks as Government Tightens Health Levy

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