Business - Page 7

Zenith Bank Records 117% Gross Earnings Growth In H1 2024

Zenith Bank’s Revenue Increased To N949.85bn, Profit Grew By 20.70% In Q1 2025

Zenith Bank’s revenue for the first quarter (Q1) of 2025 increased by 21.68 percent to N949.85 billion, up from N780.61 billion generated in the same quarter in 2024. The lender, in its

Prime Business Africa

June 3, 2025

UNGA: What Tony Elumelu Says About President Tinubu’s NASDAQ Bell Ringing-VIDEO

Business·Top Stories

Tony Elumelu’s Investment in UBA Increases To N133bn After Acquiring 1.26bn Shares

Tony Elumelu, the chairman of the United Bank for Africa (UBA), has increased his stake in the financial institution to per cent, according to Prime Business Africa’s analysis. In a ‘Dealing by

Prime Business Africa

June 3, 2025

Business

Nigeria Begins Another Round Of Bond Sales, Offers Attractive Interest Rates

The Debt Management Office (DMO) has begun another round of subscription for the Federal Government of Nigeria (FGN) Savings Bonds, offering attractive interest rates to retail investors for the month of June.

Victor Ezeja

June 3, 2025

Naira Further Appreciates At Official Market

Business·Currency·Markets

Naira Appreciates Against Dollar Across FX Markets

The Nigerian naira began the new week of the new month of June on a positive note, recording significant appreciation across foreign exchange market windows. At the official market, the Central Bank

Victor Ezeja

June 3, 2025

Business

CBN’s NRBVN: A Game-changer In Diaspora Remittances, Financial Inclusion – Cardoso

Central Bank of Nigeria (CBN) Governor, Dr Olayemi Cardoso, has said the Non-Resident Bank Verification Number (NRBVN) platform launched recently is a game-changer in facilitating the inclusion of Nigerians abroad into the

Victor Ezeja

June 3, 2025

Business·Finance & Economy

Currency In Circulation Hits N5.01trn As 91.2% Of Cash Remains Outside Banks

Currency in circulation (CIC) in Nigeria rose marginally by 0.24 per cent from N5.003 trillion in March to N5.015 trillion in April 2025. The increase reflects a continued build-up of liquidity in

Victor Ezeja

June 2, 2025

NGX Suspends Trading In Unity Bank, Guinea Insurance, 6 Other Companies’ Shares

Business·Top Stories

Nigerian Bourse’s Valuation Up By N172.74bn As Multiverse, Neimeth Post Gains

An improvement in the share value of Multiverse, Neimeth, amongst others led to the stock market capitalisation increasing from N70.46 trillion reported on Friday, May 30, to N70.63 trillion on Monday, June

Prime Business Africa

June 2, 2025

Business·Finance & Economy

LCCI Highlights Eight Things Tinubu’s Govt Must Do To Strengthen Nigeria’s Economy

As President Bola Tinubu’s administration marks its second anniversary, the Lagos Chamber of Commerce and Industry (LCCI) has recommended eight things the Federal Government must do to create a better business environment

Victor Ezeja

June 2, 2025

Business·Top Stories

Dangote Sugar Struggling With Production Cost, Operating Profit Drops By 48%

Dangote Sugar recorded 74.31 per cent growth in its revenue, as the company generated N213.93 billion for the first quarter (Q1) of 2025, surpassing the N122.72 billion turnover reached in Q1 2024.

Prime Business Africa

June 2, 2025

Business·Top Stories

MCNichols’ Second Majority Investor Gradually Exiting Company

ljeoma Chimaraoke, a substantial investor in MCNichols and wife of Chimaraoke Ekpe, the company’s managing director, has continued to dump the firm’s shares this year. MCNichols produces various household products, including custards,

Prime Business Africa

June 2, 2025

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Business - Page 7

Zenith Bank’s Revenue Increased To N949.85bn, Profit Grew By 20.70% In Q1 2025

Tony Elumelu’s Investment in UBA Increases To N133bn After Acquiring 1.26bn Shares

Nigeria Begins Another Round Of Bond Sales, Offers Attractive Interest Rates

Naira Appreciates Against Dollar Across FX Markets

CBN’s NRBVN: A Game-changer In Diaspora Remittances, Financial Inclusion – Cardoso

Currency In Circulation Hits N5.01trn As 91.2% Of Cash Remains Outside Banks

Nigerian Bourse’s Valuation Up By N172.74bn As Multiverse, Neimeth Post Gains

LCCI Highlights Eight Things Tinubu’s Govt Must Do To Strengthen Nigeria’s Economy

Dangote Sugar Struggling With Production Cost, Operating Profit Drops By 48%

MCNichols’ Second Majority Investor Gradually Exiting Company

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