Top Stories - Page 10

MeCure’s Debt Burden Reduces Profit To N812m

In the first quarter (Q1) of 2025, MeCure Industries generated N13.29 billion, compared to the N8.07 billion turnover recorded in the corresponding period in 2024, representing an increase of 64.53 percent. According

Prime Business Africa

July 21, 2025

Otedola, First HoldCo Shareholders’ Investments On Decline Since Otudeko’s Exit

Business·Top Stories

Femi Otedola, First HoldCo Shareholders Lose N60.72bn After Otudeko Exits Lender

Femi Otedola, the chairman of First HoldCo, the parent company of First Bank, and the shareholders of the group, lost over N60.72 billion on Friday, July 18, a day after reports emerged

Prime Business Africa

July 18, 2025

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

Business·Top Stories

Stock Market Extends Upward Movement With N823.49bn Gain

On Friday, July 18, the stock market capitalisation of the Nigerian Exchange Limited (NGX) closed at N83.24 trillion, up by N823.49 billion from N82.41 trillion reached on Thursday, July 17. The equity

Prime Business Africa

July 18, 2025

Nigeria’s Pension Fund Assets Surge To N17.658trn In October 2023

Business·Top Stories

Best-Performing Pension Fund Administrators For Workers, Retirees in June

In June 2025, the Nigerian pension industry recorded a robust performance in all retirement savings account (RSA) categories, as pension fund administrators (PFAs) reported gains in their portfolios. Fund administrators disclosed in

Prime Business Africa

July 18, 2025

John Holt, CWG, Others End Nigerian Stock Market Losing Streak With N141.70bn Gain

Business·Top Stories

Gains Recorded By First HoldCo, BUA Cement, Others Add N833bn To NGX

Over N833 billion was added to the equity capitalisation of the Nigerian Exchange Limited (NGX) on Thursday, July 17, as the all-share index (ASI) expanded by 1,316.78 basis points. The addition raised

Prime Business Africa

July 17, 2025

Business·Top Stories

Heirs Insurance Grows Revenue To N14.32bn

Heirs Insurance has disclosed that it recorded N14.32 billion revenue in 2024, surpassing the N12.05 billion generated in 2023, representing an increase of 18.78 percent. The insurer reported that insurance service expenses

Prime Business Africa

July 17, 2025

Business·Top Stories

Oba Otudeko Exits First HoldCo, Sells Off Shares

The former chairman of First Bank, Oba Otudeko, has exited First HoldCo, as he partook in 17 deals to trade 10.43 billion shares, worth N323.45 billion, on Wednesday, July 16. According to

Prime Business Africa

July 17, 2025

Most Valuable Paint Manufacturers In Nigeria In Q2 2025

Business·Top Stories

Investment In Berger Paints Was More Profitable Than Meyer, CAP In Q2

Berger Paints ended the second quarter (Q2) of 2025 as the best-performing paint manufacturing company in the Nigerian stock market, outperforming its rivals, Chemical Allied Products (CAP) Plc and Meyer. The three

Prime Business Africa

July 16, 2025

Business·Top Stories

Nigerian Stock Market Cap Rises By N1.44trn As First HoldCo Records N324bn Trades

After trading on Wednesday, the stock market capitalisation grew to N81.58 trillion, from N80.14 trillion, as First HoldCo records N324.47 billion trades. The market capitalisation increased by N1.44 trillion, while the all-share

Prime Business Africa

July 16, 2025

Business·Top Stories

Nigerians Spent Over N18.91bn On Hotel Rooms Within Three Months

Nigerians spent over N18.91 billion on hotel rooms between April and June 2025, according to the second quarter (Q2) financial statements of Transcorp Hotels and Ikeja Hotel. Prime Business Africa gathered that

Prime Business Africa

July 16, 2025

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Top Stories - Page 10

MeCure’s Debt Burden Reduces Profit To N812m

Femi Otedola, First HoldCo Shareholders Lose N60.72bn After Otudeko Exits Lender

Stock Market Extends Upward Movement With N823.49bn Gain

Best-Performing Pension Fund Administrators For Workers, Retirees in June

Gains Recorded By First HoldCo, BUA Cement, Others Add N833bn To NGX

Heirs Insurance Grows Revenue To N14.32bn

Oba Otudeko Exits First HoldCo, Sells Off Shares

Investment In Berger Paints Was More Profitable Than Meyer, CAP In Q2

Nigerian Stock Market Cap Rises By N1.44trn As First HoldCo Records N324bn Trades

Nigerians Spent Over N18.91bn On Hotel Rooms Within Three Months

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