Top Stories

Nigerian Stock Market Opens 2024 On A High Note As Investors Gain N666bn

Over N313.34 billion Wiped Off Stock Market

The Nigerian stock market declined on Friday, May 9, after the bourse’s equity capitalisation depreciated by N313.34 billion, to N68.33 trillion from N68.65 trillion on May 8. This followed a 0.10 percent

Prime Business Africa

May 9, 2025

FBN Holding Appoints Otedola As Chairman Days After Return To Forbes African Billionaires

Business·Top Stories

Femi Otedola Loses N27.8bn As Investments In First HoldCo, Geregu Fall

Femi Otedola, the chairman of Geregu Power and First HoldCo, has lost a total of N27.8 billion year-to-date, according to an analysis of his stock market investments by Prime Business Africa. The

Prime Business Africa

May 9, 2025

Business·Top Stories

Stanbic IBTC Posts N116.41bn Profit Before Tax

Stanbic IBTC Holdings saw a significant increase in its topline and bottom line for the first quarter (Q1) of 2025, while its customer deposits increased marginally. According to the company’s condensed consolidated

Prime Business Africa

May 9, 2025

Why NAFDAC Banned Multi-dose Anti-malarial Drug

Business·Top Stories

Best And Worst Performing Pharmaceutical Stocks In Nigeria

The pharmaceutical companies in the Nigerian stock market are struggling to attract investment amid a decline in investors’ confidence in the first quarter (Q1) of 2025. Out of the five pharmaceutical companies

Prime Business Africa

May 8, 2025

Business·Top Stories

Chellaram Leads Gainers’ List, As Stock Market Cap Increases By N240bn

The market capitalisation of the Nigerian bourse grew by N240.15 billion after the all-share index (ASI) appreciated by 0.35 percent on Thursday, May 8. This increased the equity capitalisation from N68.41 trillion

Prime Business Africa

May 8, 2025

Sterling Bank, AATIF Raise $15m To Fund Renewable Energy-powered Agro-enterprises

Business·Top Stories

Sterling Financial Holdings Fined N61m, Records 73% Increase In Net Income

Sterling Financial Holdings Company was fined N61 million in 2024, according to its condensed unaudited interim financial statements for the year ended December 31, 2024. The amount is higher than the N29

Prime Business Africa

May 8, 2025

The equity market closed in positive territory for the second time this week as stocks rose by 0.04%. Investors traded N15.07bn worth of shares.

Business·Top Stories

Nigeria’s Stock Market Extends Upward Trend With N307bn Gain

Trading ended with a 0.45 per cent or N307.16 billion increase in the Nigerian bourse’s capitalisation on Wednesday, May 7, after it rose from N68.10 trillion on Tuesday, May 6, to N68.41

Prime Business Africa

May 7, 2025

Business·Top Stories

With N406bn Gain, Palm Oil Companies Are Among Most Sought-After Stocks

Investors in the palm oil companies listed on the Nigerian Exchange Limited (NGX) were among the best earners in the stock market in the first quarter of 2025, as their stocks reached

Prime Business Africa

May 7, 2025

Business·Top Stories

Veritas Kapital Grows Gross Premium To N6.86bn – But Profit Falls By 71%

Veritas Kapital recorded N6.86 billion as gross premium written in the first quarter (Q1) of 2025, a marginal increase compared to the N6.44 billion reported in Q1 of 2024. The insurance company

Prime Business Africa

May 7, 2025

Business·Top Stories

Nigerian Stock Market Capitalisation Jumps By N1trn

On Tuesday, May 6, the equity capitalisation of the Nigerian stock market increased by N1.04 trillion from N67.06 trillion on Monday, May 5, to N68.10 trillion, after the all-share index (ASI) appreciated

Prime Business Africa

May 6, 2025

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Top Stories

Over N313.34 billion Wiped Off Stock Market

Femi Otedola Loses N27.8bn As Investments In First HoldCo, Geregu Fall

Stanbic IBTC Posts N116.41bn Profit Before Tax

Best And Worst Performing Pharmaceutical Stocks In Nigeria

Chellaram Leads Gainers’ List, As Stock Market Cap Increases By N240bn

Sterling Financial Holdings Fined N61m, Records 73% Increase In Net Income

Nigeria’s Stock Market Extends Upward Trend With N307bn Gain

With N406bn Gain, Palm Oil Companies Are Among Most Sought-After Stocks

Veritas Kapital Grows Gross Premium To N6.86bn – But Profit Falls By 71%

Nigerian Stock Market Capitalisation Jumps By N1trn

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