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Investors

Are Foreign Investors Losing Confidence In Access Holdings As They Significantly Reduce Stakes?

May 19, 2026

Foreign investors have reduced their investments in Access Holdings at a time the company’s share is plummeting and the lender is unable to pay dividends to shareholders for their investments. Prime Business

Wema Bank In Search Of N25 billion, Target Private Investors

Business News·FEATURES·Top Stories

Wema Bank’s Fourth Largest Investor Exit Lender, Takes Out Billion-Naira Investment

April 6, 2026

Wema Bank’s fourth largest investor has exited the company, taking along billions of naira in investment, according to Prime Business Africa’s analysis of the firm’s shareholding status. In the company’s audited financial

Ellah Lakes Shareholders Stuck With Shares Institutional Investors Don't Want

Business News·FEATURES·Top Stories

New Major Investor Quietly Takes Over Ellah Lakes As CEO, Enotie Ogbebor Offload Shares

April 3, 2026

In 2025, a period Ellah Lakes failed to raise N235 billion through public offering and private placement due to stock traders in the Nigerian Exchange (NGX) snubbing the firm’s offer, major investors

40%-171% ROI In Three Months... Investments In Mortgage Banks Boom

Business News·Top Stories

Investors Snubbed Infinity Trust, LivingTrust For Abbey Mortgage Bank In 2025

January 8, 2026

Abbey Mortgage Bank was the most sought-after mortgage stock on the Nigerian Exchange (NGX), also known as the stock market, in 2025, as investors in the bourse snubbed shares of Infinity Trust

Nigeria's Economic Independence Struggle: The Foreign Telecom Giants, Naira's Dilemma

Business News·Top Stories

MTN Attracted More NGX Investors Than Airtel, Legend Internet In Q3 2025

November 27, 2025

MTN Nigeria closed the third quarter of 2025 as the most sought-after telecommunications stock on the Nigerian Exchange (NGX) Limited, also known as the stock market, according to Prime Business Africa’s analysis.

NGX Market Cap Down By N606bn, Traders Seal N50bn Deals

Business News

Equity Investors Trade N35.53bn Shares On NGX, AIICO Tops Gainers’ List

November 26, 2025

The market capitalisation of the Nigerian Exchange (NGX) Limited closed at N90.99 trillion on Wednesday, November 26. Also, the all-share index (ASI) settled at 143,064.57 ASI, while equity traders exchanged 738.35 million

Access Holdings Plc Reports 71.39% Profit Surge In H1 2023

Business News

Profit-takers Cost Access Bank N16bn As Investment In E-Tranzact Declines

November 19, 2025

Access Bank’s investment value in E-Tranzact International Plc has declined by 26.18 percent since the share price of the electronic payment solutions company reached an all-time high (ATH) for 2025 on September

Bulls Charge Ahead As NGX Shatters Records As Market Cap Surpasses N50trn

Business News

NGX Says Investors Trade N23.54bn Shares, Universal Insurance Tops Losers’ List

November 19, 2025

At the end of trading on Wednesday, November 19, the equity capitalisation of the Nigerian Exchange (NGX), also known as the stock market, dropped to N92 trillion, from the previous day’s N92.21

Business News·Top Stories

Equity Investors Trade N17bn Shares In Nigerian Bourse, Market Cap Rises N66.86bn

July 23, 2025

The market capitalisation of the Nigerian Exchange Limited (NGX) increased by N66.86 billion to N83.85 trillion on Wednesday, July 23, from N83.78 trillion reported on Tuesday, July 22. Similarly, the all-share index

Business News·Top Stories

Indian Investors Udani Family Lose N7.59bn In Nigerian Stock Market

July 21, 2025

The Udani family, Indian investors and majority shareholders of MeCure Industries, have lost N7.59 billion in the Nigerian stock market between January 2 and July 18, according to Prime Business Africa’s analysis.

Business News·Top Stories

Ikeja Hotel Outperforms Transcorp Hotels In Q2 As Its Shareholders Gain 58%

July 8, 2025

Ikeja Hotel outperformed Transcorp Hotels in the stock market in the second quarter (Q2) of 2025, as stock market investors preferred the former over the latter during the period. According to Prime

Business News·Top Stories

IMG’s Inability To Attract Equity Investors Costs T.Y Danjuma N1.80bn

June 12, 2025

The value of investment held by T.Y Danjuma in Industrial & Medical Gases, formerly known as BOC Gases, dropped by 13.30 percent between January 2 and June 11, according to Prime Business

Dangote Cement, Rand Merchant Bank Begin Commercial Paper Issuances On FMDQ Exchange

Business News·Top Stories

Lafarge Shareholders Gain N215bn As Dangote, BUA Cements Struggle To Attract Investors

June 10, 2025

Dangote Cement and BUA Cement have not had an impressive outing in the second quarter (Q2) of 2025 compared to their market rival, Lafarge Wapco, according to analysis by Prime Business Africa.

Business News·Top Stories

Legend Internet Struggling To Attract Investors After Poor Financial Performance

June 4, 2025

On April 25, Legend Internet successfully listed on the Nigerian Exchange Limited (NGX), however, a month later, the company has not successfully convinced the stock market investors that it is a profitable

Business News·Top Stories

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

April 24, 2025

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

Business News·Top Stories

N43bn Shares Traded In Four Days As Stock Market Closes For Easter Celebration

April 18, 2025

The Nigerian stock market traded for four days this week due to the public holidays slated for Friday, April 18, and Monday, April 21, to commemorate the 2025 Easter celebration. Between Monday,

Business News·Top Stories

Sunu Assurances’ Investors End Q1 With N29bn Loss

April 17, 2025

Shareholders of Sunu Assurances were left without profit at the end of the first quarter (Q1) of 2025 after stock market investors snubbed the company’s shares amid bearish sentiments. Prime Business Africa’s

Business News

Fidelity Bank Sells N13.97 billion Controlling Shares To 2 Investors

April 14, 2023

Fidelity Bank has sold a 10.4 per cent controlling stake in the financial institution to two unnamed investors after conducting a private placement. According to a statement released on Friday, 15 April 2023,

How Loss Of Over $5 Trillion In U.S. Stock Exchange Affects Nigeria

Business News·Markets

Nigerian Stock Market Cap Drops N3.34 billion

March 13, 2023

Nigerian bourse depreciated by N3.34 billion after the trading session on Monday, 13 March 2023, to close at N30.391 trillion from N30.394 trillion. This was after the All-Share Index depreciated by -0.01

Business News·Insights

Investment Analysts Address Effect Of Obi, Atiku’s Court Battle On Nigeria’s Economy

March 8, 2023

Peter Obi and Atiku Abubakar, the presidential candidates of the Labour Party and Peoples Democratic Party (PDP) have hired at least 39 Senior Advocates of Nigeria (SAN) to counter the declaration of

Business News

Wema Bank In Search Of N25 billion, Targets Private Investors

March 3, 2023

Wema Bank has announced plans to borrow N25 billion through bond issuance, a corporate document dated 2 March 2023 has revealed. The financial institution said part of the fund will be disbursed

NGX: Investors Gain N313bn As ASI Rebound By 0.70%

Business News·Markets

Stock Market Crashes Amid Political Tension Ahead Presidential Election

February 21, 2023

As the Presidential election nears, the Nigerian stock market halted Monday’s gain, losing N19.08 billion on Tuesday, 21 February 2023, amid heightened political tension. The loss dragged the market capitalisation down to N29.51

Business News

Moody’s Says Its Highly Risky To Invest In GTBank, Fidelity Bank, 7 Others

February 2, 2023

Guaranty Trust Bank (GTBank), Access Bank Plc, First Bank of Nigeria (FBN) and six other commercial banks have been downgraded by the international rating agency, Moody’s. Moody’s, which assesses investment risk in

Business News·Markets

Guinness, Ardova Shareholders Report Loss, As Seplat, NAHCO, Others Gain Big

February 1, 2023

About N142.16 billion was gained in the Nigerian stock market on Wednesday, 1, February 2023, after the bourse’s equity capitalisation rose from N28.99 trillion to N29.13 trillion. Similarly, the All-Share Index rose

Business News·Markets

Geregu, Veritas, Other Shareholders Pocket N44.03 billion As Bourse Rises By 0.15%

January 31, 2023

Nigerian bourse rose by 0.15 per cent on Tuesday, 31, January 2023, adding N44.03 billion to the stock market capitalisation. It lifted the equity valuation up from N28.95 trillion to N28.99 trillion.

Business News·Markets

Stock Investors Lose N51.78 billion Due To Low Demand For Guinness, Access Corp, Others

January 27, 2023

The equity capitalisation fell to N28.68 trillion on Friday, 27 January 2023, from the N28.73 trillion it closed at on Thursday, 26 January 2023. This means the market capitalisation of the Nigerian

Business News·Markets

Nigerian Breweries, NGX Group, Others Cost Stock Market Investors N24.58 billion

January 24, 2023

Nigeria’s stock market capitalisation slumped to N28.65 trillion from N28.68 trillion on Tuesday, 24 January 2023, after shedding N24.58 billion to low demands in Nigerian Breweries, NGX Group, and others. The loss

Business News·Markets

Stock Market Cap Hits N28.68 trillion, Geregu, Others Record Growth

January 23, 2023

The market capitalisation of the Nigerian bourse rose by 0.11 per cent or N34.32 billion on Monday to close at N28.68 trillion, against the previous trading session’s N28.64 trillion. It followed the

Business News·Markets

Honeywell, Champion, Other Firms’ Investors Lose N134.25 billion, As Nigerian Bourse Crashes

January 10, 2023

The Nigerian Stock Exchange reported that the market capitalisation lost N134.25 billion on Tuesday, sending the bourse’s value down to N28.02 trillion from the previous day’s N28.15 trillion. Similarly, the All Share

Business News·Technology

Foreign Investors Give Two Nigerian Youths, Ikenna Nzewi, Uzoma Ayogu $3.3 million

January 10, 2023

Two Nigerian youths, Ikenna Nzewi and Uzoma Ayogu, the co-founders of Releaf, secured $3.3 million from foreign and domestic investors to fund their operation. Both Nzewi and Ayogu created Releaf, a technology

MTN Investors Earn N944bn In Three Months As Airtel’s Shareholders Record Zero

Business News·Insights

Investment Crash: Nigerian Investors In MTN, Airtel Lose Over N1.93 trillion

Within five days of trading, shareholders of telecommunications companies, Airtel Nigeria and MTN Nigeria lost a whopping sum of N1.93 trillion. Prime Business Africa (PBA) gathered that investment held in the only quoted network providers by Nigerian and foreign shareholders fell by

October 24, 2022

Fidelity Bank In Need Of Money, Reveals Amount Company Needs To Run Operation

Business News·News

Fidelity Bank Seeks More Money For Operations, Moves To Recapitalize

The shareholders of Fidelity Bank have approved the management’s request to raise new capital through private placement, which will bring in new investors into the company, and enable the firm have liquidity to maintain operation. Fidelity Bank had requested that 3,037,414,308 unissued

October 3, 2022

Business News

IMF Warns Cryptocurrency Risk Might Affect Stock Market Investors

International Monetary Fund (IMF) said retail and institutional investors in the equity markets are at risk as cryptocurrency volatility is spilling over into the stock exchange, and it has started in Asia. IMF, in a blog post authored by its Managing Editor,

August 23, 2022

Business News·Insights

International Breweries’ Investors Lost N10.74 billion In Five Days

International Breweries investors lost -6.89% of their investment after five days of trading this week, as the alcoholic producer’s share depreciated in the Nigerian stock market. Their loss was caused by sell off among shareholders on the exchange floor, who offloaded their

July 22, 2022

Business News·Technology

Apple’s $2 trillion Market Cap Under Threat, Loses $800 billion In Six Months

Apple is on the verge of losing its $2 trillion market capitalisation, as shareholders dump the technology firm’s stock amid fear of projected U.S economy entering recession in the second half of this year. Investors are offloading tech stocks, to reduce exposure

June 16, 2022

Business News·Markets

Bitcoin Losing Appeal, As Crash Cost Investors $384.7 billion

Investors are currently not seeing bitcoin as a safe haven for their funds, despite inflation ripping through Nigeria, United States and other countries, on the back of the ongoing war between Russia and Ukraine. Bitcoin’s dip comes as a shock considering in

June 13, 2022

Business News·Insights

How Segun Agbaje Lost N143.05 million in Three Months, Amid GTCO’s Poor Financial Performance

The last three months has been a disappointing period for investment banker, Segun Agbaje, the Group Chief Executive Officer of Guaranty Trust Holding Company (GTCO), as his total investment in the financial institution fell by -16.5%. Agbaje lost N143.05 million after his

June 7, 2022

News

SEC Takes CSR To ABU

The Securities and Exchange Commission (SEC) has announced that its latest corporate social responsibility pendulum has tilted to the famed Ahmadu Bello University, Zaria. Hinting the collaboration will further deepen the Nigerian capital market, the Director General, SEC, Lamido Yuguda stated this

March 28, 2022

Finance & Economy·Top Stories

UBA Sees Diversified Business Model, Enhanced Digital Platforms As Key To Financial Gains

The United Bank for Africa (UBA) Plc, has assured its shareholders and investors of good performance in the 2022 financial year, as the bank continues to deepen its foothold to reap the benefits of its investments in strong and innovative digital product

March 14, 2022

Nigerian Gov’t Spends N96 Out Of Every N100 To Pay Debt - World Bank Says, Reveals Impact

Finance & Economy

World Bank Says Nigeria’s Exchange Rate Policy Discourages Investors

The World Bank has said that the Nigerian government’s exchange rate management policies are discouraging investments and fuelling inflation in the country That was contained in the November edition of Bank’s Nigeria Development Update, saying there had been intense pressure on the

November 29, 2021

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