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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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Adeyemi Adeola Increases Stake In Sterling Bank’s Parent Company From 3% To 23%

Adeyemi Adeola, the chairman of Sterling Financial Holdings Company Plc, the parent company of Sterling Bank, has increased his stake in the financial institution to curb the impact of the lender’s share dilution on his shareholding. Prime Business Africa gathered that Adeola

August 13, 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

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 shares of Dangote Cement to increase his shareholding in the

August 5, 2025

Business·Top Stories

Investing In Wema Bank Shares More Profitable Than Hoarding Dollars In 2025

Year-to-date, investing in Wema Bank has been more profitable than hoarding the United States dollar (USD), according to analysis by Prime Business Africa. Between January 2 and July 23, the dollar has traded flat against the naira at N1,534/$ in the official

July 23, 2025

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Shares - Page 5

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

Adeyemi Adeola Increases Stake In Sterling Bank’s Parent Company From 3% To 23%

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

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

Investing In Wema Bank Shares More Profitable Than Hoarding Dollars In 2025

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