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uba

Nigerian Stock Market Record Highest Level In 15-years, Equity Cap Up N59.90bn

NGX Market Cap Rises To N125.48trn — Up By N1.72trn

On Monday, March 2, the Nigerian Exchange (NGX) recorded a N1.72 trillion increase in its market capitalisation, which rose to N125.48 trillion from N123.76 trillion on Friday, February 27. The market capitalisation increased by 1.39 percent after the all-share index (ASI) expanded

March 2, 2026

Business·Top Stories

Stanbic IBTC Rises, Access Holdings Drops… Six Nigerian Banks Worth Over N1trn

The number of commercial banks valued at over N1 trillion on the Nigerian Exchange (NGX), also known as the stock market, increased to six at the end of 2025, up from five at the start of the year. Out of 11 commercial

January 26, 2026

UNGA: What Tony Elumelu Says About President Tinubu’s NASDAQ Bell Ringing-VIDEO

Business·Top Stories

Tony Elumelu’s Heirs Energies Pays $500m To Acquire Majority Stake In Seplat

Heirs Energies Limited, an oil company owned by Tony Elumelu, the chairman of United Bank for Africa (UBA), has acquired a substantial stake of 20.07 percent held by Maurel & Prom S.A. in Seplat Energy Plc for $500 million. The stake, announced on

December 31, 2025

Business·Top Stories

GTCO, Stanbic IBTC Make List Of Nigerian Banks With Highest Market Valuation

The banks with the highest market valuation on the Nigerian Exchange (NGX) Limited in the third quarter (Q3) of 2025 are Guaranty Trust Holding Company (GTCO), Zenith Bank, United Bank for Africa (UBA), Stanbic IBTC Holdings and Access Holdings. Prime Business Africa’s

December 12, 2025

Business·Top Stories

Sterling, Stanbic IBTC Among Five Best-Performing Bank Stocks In Q3 2025

In the third quarter (Q3) of 2025, the 11 banks trading on the Nigerian Exchange (NGX) Limited recorded growth, according to Prime Business Africa’s (PBA) analysis. The banks are Sterling Financial Holdings Company, Stanbic IBTC Holdings, Zenith Bank Plc, United Bank for

December 1, 2025

UBA FY 2024: Profit Rises To ₦766.6 billion, Declares N3.00 Kobo Final Dividend

Business

UBA’s Pretax Profit Declines After 77% Drop In Net FX Income

In the first nine months (9m) of 2025, United Bank for Africa (UBA) grew its gross earnings by 2.95 percent to N2.46 trillion, surpassing the N2.39 billion generated in the same period in 2024. According to the company’s interim unaudited consolidated financial

November 25, 2025

Business·Top Stories

Access Holdings Drops, Stanbic IBTC Rises On Nigeria’s Trillion-Naira Bank List

The number of banks worth over a trillion naira in the stock market has increased from five to seven on Wednesday, June 25, as Fidelity Bank joined the list after its market capitalisation hit N1 trillion at the end of trading. According

June 26, 2025

Business·Top Stories

Nigerian Stock Market Cap Extends Decline With N183.30bn Loss

On Tuesday, June 17, the equity capitalisation of the Nigerian stock market dropped to N72.49 trillion, from N72.68 trillion posted on Monday, June 16, indicating a decrease of N183.30 billion. The 0.30 per cent decline in the equity capitalisation was driven by

June 17, 2025

Business·Top Stories

Tony Elumelu’s Investment in UBA Increases To N133bn After Acquiring 1.26bn Shares

Tony Elumelu, the chairman of the United Bank for Africa (UBA), has increased his stake in the financial institution to per cent, according to Prime Business Africa’s analysis. In a ‘Dealing by insider’ document released by UBA on Monday, June 2, the

June 3, 2025

Why Public, Private Sector Must Prioritize Investments In Innovation To Improve Healthcare - Elumelu

Business·Top Stories

Tony Elumelu Increases Stake In UBA With N1.54bn Shares

Tony Elumelu, the chairman of the United Bank for Africa (UBA), has bought new shares in the lender to increase his stake from 6.19 per cent to 6.30 per cent, according to Prime Business Africa’s analysis. In a ‘Dealng by an insider’

May 28, 2025

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uba

NGX Market Cap Rises To N125.48trn — Up By N1.72trn

Stanbic IBTC Rises, Access Holdings Drops… Six Nigerian Banks Worth Over N1trn

Tony Elumelu’s Heirs Energies Pays $500m To Acquire Majority Stake In Seplat

GTCO, Stanbic IBTC Make List Of Nigerian Banks With Highest Market Valuation

Sterling, Stanbic IBTC Among Five Best-Performing Bank Stocks In Q3 2025

UBA’s Pretax Profit Declines After 77% Drop In Net FX Income

Access Holdings Drops, Stanbic IBTC Rises On Nigeria’s Trillion-Naira Bank List

Nigerian Stock Market Cap Extends Decline With N183.30bn Loss

Tony Elumelu’s Investment in UBA Increases To N133bn After Acquiring 1.26bn Shares

Tony Elumelu Increases Stake In UBA With N1.54bn Shares

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FG, States, LGs Share N1.894 Trillion Federation Allocation for February

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