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Business - Page 75

FG, IMF in Talks to Develop Transparent Fuel Price Framework, Strengthen Fiscal Resilience

The Federal Government of Nigeria has begun formal discussions with the International Monetary Fund (IMF) to develop a transparent fuel price modulation framework and strengthen the country’s fiscal resilience amid global energy market volatility. The initiative, spearheaded by the Ministry of Petroleum

November 5, 2025

Business

CBN’s Emphasis On Financial Inclusion

The Central Bank of Nigeria (CBN) has emphasised its commitment to financial inclusion for the greater benefit of the economy. CBN is the Custodian and Project Manager of the National Financial Inclusion Strategy, which was launched in 2012 after a report by

April 24, 2025

Business·Top Stories

Transcorp Hotels shareholders Gain N198bn As Ikeja Hotel Investors Lose N4.43bn

Transcorp Hotels outperformed Ikeja Hotel in the Nigerian stock market in the first quarter (Q1) of 2025, according to analysis by Prime Business Africa. It was gathered that Transcorp Hotels’ shareholders saw their investments in the company appreciate by 16.68 per cent,

April 24, 2025

Business·Top Stories

AIICO Insurance’s profit falls below N16.72bn forecast

The total premium collected by AIICO Insurance in 2024 was N159.31 billion, 44.67 percent higher than the N110.11 billion paid by policyholders in 2023. Checks by Prime Business Africa showed that the amount paid by the company’s customers to keep their insurance

April 24, 2025

Business·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 24th April 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 April 2025, is N1,615

April 24, 2025

Business·Top Stories

Stock Market Cap Up By N341.86bn Despite MRS, Abbey Mortgage’s Shares Declining

On Wednesday, April 23, the Nigerian bourse market capitalisation rose by N341.86 billion, rising from N65.81 trillion on Tuesday, April 22, to N66.15 trillion. This was on the back of a 0.51 percent appreciation in the all-share index (ASI), which increased by

April 23, 2025

Business·Top Stories

Best And Worst Performing Brewery Companies In Nigeria’s Stock Market

The valuation of the Nigerian drink or brewery industry in the Nigerian stock market appreciated by 0.94 percent or N20.02 billion in the first quarter of 2025, according to analysis by Prime Business Africa. On January 2, the market valuation of the

April 23, 2025

Business·Currency·Markets

Naira Records Slight Depreciation Against Dollar After Easter Holiday

Nigeria’s currency, the naira, recorded a slight depreciation against the dollar in the foreign exchange market on Tuesday, after Easter holiday. Data published on the Central Bank of Nigeria’s (CBN) website showed that the naira dropped to N1,602.63 per dollar on Tuesday

April 23, 2025

Business·Top Stories

Wema Bank records N433bn revenue, net income increases by 139.7%

Wema Bank closed 2024 with N433.43 billion gross earnings, surpassing the N226.91 billion revenue generated in 2023, indicating a year-on-year growth of 91 percent. According to the company’s annual report for the financial year ended December 31, 2024, Wema Bank also grew

April 23, 2025

Business·Top Stories

International Breweries, Nigerian Breweries, Others Earn N317.84bn As Stock Trading Resumes

After a two-day break to celebrate Easter, the Nigerian stock market resumed trading for the week with a 0.48 percent or N317.84 billion increase in its equity capitalisation. Data obtained from the Nigerian Exchange Limited (NGX) showed that the market capitalisation increased

April 22, 2025

Business·Top Stories

Sunu Assurances, Veritas, Prestige Among Five Worst-Performing Insurance Stocks In Q1 2025

Out of 20 insurance companies listed in the Nigerian stock exchange, 13 insurers recorded a decline in their stock performance in the first quarter (Q1) of 2025. Analysis by Prime Business Africa showed that the 13 insurance companies are Guinea Insurance, International

April 22, 2025

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Business - Page 75

FG, IMF in Talks to Develop Transparent Fuel Price Framework, Strengthen Fiscal Resilience

CBN’s Emphasis On Financial Inclusion

Transcorp Hotels shareholders Gain N198bn As Ikeja Hotel Investors Lose N4.43bn

AIICO Insurance’s profit falls below N16.72bn forecast

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

Stock Market Cap Up By N341.86bn Despite MRS, Abbey Mortgage’s Shares Declining

Best And Worst Performing Brewery Companies In Nigeria’s Stock Market

Naira Records Slight Depreciation Against Dollar After Easter Holiday

Wema Bank records N433bn revenue, net income increases by 139.7%

International Breweries, Nigerian Breweries, Others Earn N317.84bn As Stock Trading Resumes

Sunu Assurances, Veritas, Prestige Among Five Worst-Performing Insurance Stocks In Q1 2025

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