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Top Stories - Page 57

Naira Appreciates, Ends Week Positive Across Official, Black Markets

Exchange Rates For Dollar Increase Across Parallel, Official Markets

In the black market on Thursday, December 18, the naira depreciated against the United States dollar (USD) by 0.13 percent to N1,489.01/$1, from the N1,487.01/$1 reported on Wednesday, December 17. According to Naira Rates data, while the foreign exchange (FX) rate for

December 18, 2025

News·Top Stories

Blind Protesters at Lagos Airport Demand Reopening of Farmcraft Training Centre, Public Meeting With Government

A protest by visually impaired persons that paralysed access to the Murtala Muhammed International Airport, Lagos, on Monday has been linked to the prolonged closure of Farmcraft, Nigeria’s only federal training centre for the blind, as well as broader concerns over welfare,

August 11, 2025

News·Top Stories

Military, Police move in As Blind Protesters Disrupt Access To Lagos Airport

A protest by a group of visually impaired persons on Monday paralysed road access to the Murtala Muhammed International Airport, Lagos, forcing passengers to abandon vehicles and resort to commercial motorbikes to make their flights. Eyewitnesses told Prime Business Africa that the

August 11, 2025

Business·Top Stories

AXA Mansard’s Profit Drops 95% To N586m In Q2 2025

Over N40.82 billion was generated by AXA Mansard in the second quarter (Q2) of 2025, surpassing the N33.77 billion recorded in the corresponding period in 2024, representing a 20.86 percent increase. AXA Mansard announced the turnover in its unaudited financial statement for

August 11, 2025

Business·Top Stories

State Of India No Longer 5% Stakeholder In Sterling Bank’s Parent Company

The State of India is no longer a 5 percent stakeholder in Sterling Financial Holdings Company, the parent company of Sterling Bank, following the financial institution’s share dilution in the second quarter (Q2) of 2025. Sterling Financial Holdings had conducted a rights

August 11, 2025

Business·Top Stories

Nigeria’s FDI Drops 70% Despite Rise In Capital Importation

Nigeria’s foreign direct investment (FDI) has indeed experienced a sharp decline, dropping by 70.06 per cent in the first quarter (Q1) of 2025 to $126.29 million, down from $421.88 million in Q4 2024. This is even at the country recorded a 67 per cent year-on-year rise in total

August 9, 2025

Business·Top Stories

Stock Market Bullish Run Ends As Equity Cap Drops By N516bn

At the close of trading in the Nigerian stock market on Friday, August 8, the bourse’s valuation dropped to N92.21 trillion, from N92.73 trillion on Thursday, August 7, representing a decline of N516.14 billion. The market capitalisation depreciated by 0.55 percent following

August 8, 2025

Business·Top Stories

Sterling Financial Holdings Fined N26m

Sterling Financial Holdings Company Plc was fined N26 million in the first half (H1) of 2025, compared to the N9 million penalty paid by the company during the same period in 2024. The financial institution disclosed the fine in its second quarter

August 8, 2025

Business·Top Stories

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 his stake in the company. Sterling Financial had conducted a

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, the all-share index (ASI) expanded by 756.85 basis points to

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 were the only majority shareholders who recorded a growth in

August 7, 2025

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Dollar Trades Flat In Black Market, Appreciates In Official Window

The dollar traded at N1,487.01/$1 in the parallel market on

Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

The government of Venezuela has condemned what it described as

Bank of Japan Poised to Lift Rates to 30-Year High as Inflation Pressures Persist

The Bank of Japan (BOJ) is set to raise its

SEC Orders Full Registration of Tradable Instruments by January 2026

The Securities and Exchange Commission (SEC) has ordered all Capital

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Top Stories - Page 57

Exchange Rates For Dollar Increase Across Parallel, Official Markets

Blind Protesters at Lagos Airport Demand Reopening of Farmcraft Training Centre, Public Meeting With Government

Military, Police move in As Blind Protesters Disrupt Access To Lagos Airport

AXA Mansard’s Profit Drops 95% To N586m In Q2 2025

State Of India No Longer 5% Stakeholder In Sterling Bank’s Parent Company

Nigeria’s FDI Drops 70% Despite Rise In Capital Importation

Stock Market Bullish Run Ends As Equity Cap Drops By N516bn

Sterling Financial Holdings Fined N26m

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

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Exchange Rates For Dollar Increase Across Parallel, Official Markets

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