Prime Business Editorial

Banks Shift Climate Targets Amidst Global Economic Realities

Banks Shift Climate Targets Amid Global Economic Realities

In a significant move, major banks have voted to adjust their climate targets, abandoning a more stringent goal to align all sector financing with 1.5 degrees Celsius above pre-industrial levels by mid-century.

Prime Business Africa

April 15, 2025

Markets

U.S. Tech Giants Walk A Tightrope Through Trump’s Tariffs

US tech giants are navigating a complex web of President Trump’s global trade war, employing a dual strategy to minimize the impact of tariffs on their businesses. Companies like Apple and Nvidia

Prime Business Africa

April 15, 2025

Guinness Nigeria Appoints New Board Members As Tolaram Completes Acquisition

Business·Markets

Guinness Nigeria Loses 77.27% Of Revenue To Production Costs

Guinness Nigeria reported N259,60 billion revenue in the year ended 2024, a 82.05 per cent increase compared to the N142.59 billion turnover recorded the previous year. However, an analysis by Prime Business

Prime Business Africa

April 15, 2025

AbdulSamadRabiuOutearnedAlikoDangoteByN trnIn copy x

Business·Markets

Abdul Samad Rabiu Outearns Aliko Dangote By N1.11trn In 2024

Nigerian billionaires, Abdul Samad Rabiu and Aliko Dangote, earned N6.72 trillion combined through the Nigerian stock market and dividends paid by their companies in 2024. Prime Business Africa’s analysis of their investments

Prime Business Africa

April 15, 2025

NGX Set To Lose N60bn As MRS Oil Nigeria Plc Plans To Delist Shares

Markets

Over N21.18bn Lost As Japaul Gold, Chams Drag Stock Market Down

The Nigerian stock market closed with a N21.18 billion loss on Monday, 14 April, after the all-share index (ASI) declined by 33.72 basis points. According to data obtained from the Nigerian Exchange

Prime Business Africa

April 15, 2025

Markets

Oil And Gas Investors Lose N702bn In Q1 As Demand For Shares Drop

At the end of the first quarter of 2025, oil and gas investors in the Nigerian stock market lost a whopping N702.50 billion following a decline in the demand for shares in

Prime Business Africa

April 12, 2025

Markets

Africa’s Billionaire Landscape: Nigeria Dominates with 35% of Total Wealth

The wealth of African billionaires has seen a significant surge, reaching $105 billion, with Nigeria accounting for 35% of this total, thanks to Aliko Dangote’s substantial wealth. The number of billionaires on

Prime Business Africa

April 12, 2025

Markets

Billionaire Abdul Samad Rabiu’s N3.92trn Windfall In 12 Months

Abdul Samad Rabiu, chairman of BUA Foods and BUA Cement, has made a staggering N3.92 trillion in 2024, driven by the strong performance of BUA Foods and dividend payments from both companies.

Prime Business Africa

April 10, 2025

Business·Markets

Dangote Cement’s Revenue Soars, But Production Costs Rise 45% In Tandem

Dangote Cement has reported a significant increase in revenue, with a 62.15% jump to N3.58 trillion in 2024. However, the company’s production costs have also risen sharply, consuming 45.6% of its revenue.

Prime Business Africa

April 10, 2025

How Oil & Gas Stocks Rise As Trump Launches Energy Agenda

Markets·World News

Global Markets Breathe A Sigh Of Relief As Trump Announces 90-Day Tariff Pause

Global shares soared and bond markets stabilised after U.S. President, Donald Trump, announced a surprise 90-day pause on new tariffs imposed on dozens of countries. This move sparked a relief rally, with

Prime Business Africa

April 10, 2025

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Prime Business Africa

Banks Shift Climate Targets Amid Global Economic Realities

U.S. Tech Giants Walk A Tightrope Through Trump’s Tariffs

Guinness Nigeria Loses 77.27% Of Revenue To Production Costs

Abdul Samad Rabiu Outearns Aliko Dangote By N1.11trn In 2024

Over N21.18bn Lost As Japaul Gold, Chams Drag Stock Market Down

Oil And Gas Investors Lose N702bn In Q1 As Demand For Shares Drop

Africa’s Billionaire Landscape: Nigeria Dominates with 35% of Total Wealth

Billionaire Abdul Samad Rabiu’s N3.92trn Windfall In 12 Months

Dangote Cement’s Revenue Soars, But Production Costs Rise 45% In Tandem

Global Markets Breathe A Sigh Of Relief As Trump Announces 90-Day Tariff Pause

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Banks Shift Climate Targets Amid Global Economic Realities

U.S. Tech Giants Walk A Tightrope Through Trump’s Tariffs

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