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Femi Otedola Issues New Statement After Reports Of Transcorp Plc Acquisition

Otedola Reduces Stake In Geregu — Third Time In Three Months

Femi Otedola, the chairman and majority shareholder of Geregu, has reduced his stake in the power-generating company, as he sold 4.29 million shares via a cross-deal stock transaction on November 11. Prime Business Africa gathered that Otedola sold the 4.29 million shares

November 21, 2025

Access Holdings Plc Reports 71.39% Profit Surge In H1 2023

Business

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

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 16, according to Prime Business Africa’s analysis. Analysis by PBA

November 19, 2025

Business·Top Stories

Lasaco, Guinea Insurance Extend NGX’s Downward Trend

On Friday, August 29, the Nigerian Exchange Limited (NGX) reported a N165.61 billion loss in the stock market capitalisation, after it dropped to N88.76 trillion, from N88.93 trillion on Thursday, August 28. The bourse also closed with a 140,295.49 all-share index (ASI),

August 29, 2025

Business·Top Stories

Danjuma Family’s Investment In May & Baker Increases By N6.46bn

The investment held by Daisy and Theophilus Yakubu (TY) Danjuma in May & Baker has increased to N13.48 billion as of Thursday, August 28, from N7.02 billion recorded at the start of the year, according to Prime Business Africa’s analysis. PBA gathered

August 29, 2025

Business·Top Stories

Profit Takers Milk Tinubu’s Insurance Law Effect, Wipe Off N198bn From Insurance Stocks

Since the stocks of insurance companies reached an all-time high on August 13, shareholders of insurance firms in the Nigerian Exchange Limited (NGX), also known as the stock market, have lost over N198.21 billion to profit takers. Prime Business Africa notes that

August 28, 2025

Business·Top Stories

Nigerian Paint Billionaires Have Gained N17.10bn In Eight Months

In the last eight months, the majority shareholders of the three paint manufacturers listed on the Nigerian Exchange Limited (NGX), also known as the stock market, have recorded a combined gain of N17.10 billion. Prime Business Africa understands that the three majority

August 27, 2025

Business·Top Stories

From N2.36bn To N1.22bn… Ogun State’s Investment In Sunu Assurances Declining

The value of investment held by Gateway Holdings Limited, an investment vehicle owned by Ogun state government, in Sunu Assurances has declined by 48.15 percent year-to-date, as equity traders in the Nigerian stock market hold bearish sentiments towards the insurer. Gateway Holdings

August 26, 2025

Business·Top Stories

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

Since Oba Otudeko, the former chairman of First HoldCo and second-largest investor, exited the company unceremoniously, the financial institution’s share value has depreciated by N2.9 kobo, erasing N121.44 billion from shareholders’ investment value. Reports had circulated on July 17 that Otudeko had

August 25, 2025

Business·Top Stories

Aliko Dangote’s Investment In Sugar Business Grows By N205.78bn

Aliko Dangote, the founder of Dangote Sugar and Africa’s richest person, has seen the value of his investment in the sugar producer increase by 72.15 percent due to the company’s shares being one of the most sought-after year-to-date. According to analysis by

August 19, 2025

Business·Top Stories

Lagos State Reduces Investment In Lasaco Assurance

The two majority shareholders in Lasaco Assurances, Ibile Holdings Ltd, owned by the Lagos state government, and Canon Properties & Investments Ltd, owned by Akin Doherty, have reduced their investment in Lasaco Assurance. Lagos state reduced its stake in the insurer to

August 14, 2025

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Otedola Reduces Stake In Geregu — Third Time In Three Months

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

Lasaco, Guinea Insurance Extend NGX’s Downward Trend

Danjuma Family’s Investment In May & Baker Increases By N6.46bn

Profit Takers Milk Tinubu’s Insurance Law Effect, Wipe Off N198bn From Insurance Stocks

Nigerian Paint Billionaires Have Gained N17.10bn In Eight Months

From N2.36bn To N1.22bn… Ogun State’s Investment In Sunu Assurances Declining

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

Aliko Dangote’s Investment In Sugar Business Grows By N205.78bn

Lagos State Reduces Investment In Lasaco Assurance

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