Top Stories - Page 5

Mike Adenuga Loses $300million As Net-worth Further Declines To $3.3bn

Mike Adenuga Buys More Shares In Sterling Financial Holdings After Dilution Reduced Stake

Mike Adenugu, the second majority shareholder of Sterling Financial Holdings Company, parent company of Sterling Bank, has purchased more shares in the lender after a rights issue conducted by the bank reduced

Prime Business Africa

August 8, 2025

Business·Top Stories

NGX Market Cap Up N478.83bn, AIICO Leads Gainers’ List

Over N478.83 billion was gained in the stock market capitalisation on Thursday, as the bourse’s valuation increased from N92.25 trillion on Wednesday, August 6, to N92.73 trillion on Thursday, August 7. Also,

Prime Business Africa

August 7, 2025

Business·Top Stories

Tony Elumelu, Segun Agbaje, Five Other Bank Majority Shareholders Gained N372bn In H1 2025

Over N372.57 billion was made by Tony Elumelu, Jim Ovia, Segun Agbaje, Nneka Onyeali-Ikpe, Abolanle Matel-Okoh, Stanbic Africa Holdings, and Police Cooperatives Society Ltd between January and June 2025. The six investors

Prime Business Africa

August 7, 2025

Business·Top Stories

Cornerstone Insurance Suffers 77.59% Decline In Profit In H1 2025

Cornerstone Insurance grew its revenue to N24.46 billion in the first half (H1) of 2025, up from N16.94 billion turnover reported in the corresponding period in 2024, reflecting a 44.36 percent increase.

Prime Business Africa

August 7, 2025

Champion Brew's Stock Outperforms Guinness, Nigerian Breweries, International Breweries In H1 2025

Business·Top Stories

SCOA Leads Gainers, NGX Group Tops Losers In Stock Market

The equity capitalisation of the Nigerian stock market increased from N91.60 trillion on Tuesday, August 5, to N92.25 trillion on Wednesday, August 6. This represents a N643.73 billion growth, which was driven

Prime Business Africa

August 6, 2025

Capital Importation To Nigeria Hits $1.13bn In Q1, UK Leads Origin Of Investments

Business·Top Stories

Nigeria’s Manufacturing Sector Records Low Foreign Inflow As Investors Favour Financial Markets In Q1 2025

Nigeria’s manufacturing and agriculture were among the sectors that recorded the least foreign investment inflows in the first quarter (Q1) of 2025, according to the latest report released by the National Bureau of Statistics (NBS). The

Victor Ezeja

August 6, 2025

Business·Top Stories

Five Bank Majority Shareholders Lost N49.43bn In H1 2025

Five majority shareholders in the banking industry lost N49.43 billion in the first half (H1) of 2025, after the share prices of their banks plunged. The five majority shareholders, comprising Ladi Balogun,

Prime Business Africa

August 6, 2025

New Investor Quietly Takes Over As Majority Shareholder Of Sovereign Trust Insurance

Business·Top Stories

Sovereign Trust Insurance’s Revenue Rises To N34bn, Profit Increases By 44%

Between January and June 2025, Sovereign Trust Insurance recorded N34.07 billion turnover, up by 45 percent compared to the N23.56 billion generated in the first half (H1) of 2024. Sovereign Trust Insurance

Prime Business Africa

August 6, 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

Neimeth, BUA Cement, Others Add N458.41bn To Nigerian Stock Market Cap

Over N458.41 billion was added to the Nigerian Exchange Limited (NGX) market capitalisation on Tuesday, August 5, as it moved to N91.60 trillion from N91.14 trillion reported on Monday, August 4. NGX

Prime Business Africa

August 5, 2025

Business·Top Stories

Olakunle Alake Increases Stake In Dangote Cement After Acquiring N1.02bn Shares

The non-executive director of Dangote Cement, Olakunle Alake, has marginally increased his stake in the company after purchasing two million shares on July 31. Alake paid N1.02 billion to purchase two million

Prime Business Africa

August 5, 2025

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Top Stories - Page 5

Mike Adenuga Buys More Shares In Sterling Financial Holdings After Dilution Reduced Stake

NGX Market Cap Up N478.83bn, AIICO Leads Gainers’ List

Tony Elumelu, Segun Agbaje, Five Other Bank Majority Shareholders Gained N372bn In H1 2025

Cornerstone Insurance Suffers 77.59% Decline In Profit In H1 2025

SCOA Leads Gainers, NGX Group Tops Losers In Stock Market

Nigeria’s Manufacturing Sector Records Low Foreign Inflow As Investors Favour Financial Markets In Q1 2025

Five Bank Majority Shareholders Lost N49.43bn In H1 2025

Sovereign Trust Insurance’s Revenue Rises To N34bn, Profit Increases By 44%

Neimeth, BUA Cement, Others Add N458.41bn To Nigerian Stock Market Cap

Olakunle Alake Increases Stake In Dangote Cement After Acquiring N1.02bn Shares

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