Prime Business Editorial

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

Markets

Trade War Excalations Spark Bond Sell-off

U.S. Treasury bonds took a hit on Wednesday as a global trade war intensified, with the Trump administration’s latest tariffs sparking swift retaliation from China and the European Union. The 10-year U.S.

Prime Business Africa

April 9, 2025

Stock Market Rally Halted As Demand For Ecobank, PZ Cussons Shares Dropped

Markets

Nigerian Stock Market Loses N119.22 Billion as Ecobank, PZ Cussons Shares Plummet

The Nigerian stock market suffered a decline on Wednesday, April 9, as the market capitalization dropped to N65.47 trillion from N65.58 trillion the previous day. The all-share index (ASI) also depreciated by

Prime Business Africa

April 9, 2025

Tantalizers Cuts Staff Incentives Amid Attempt To Exit Over N260m Losses

Business·Markets

Tantalizers Slashes Staff Incentives In Bid To Curb Losses

In a bid to stem its losses, Tantalizers, a quick service restaurant (QSR), has cut staff incentives and implemented cost-saving measures. The company reported a loss of over N260 million in 2024,

Prime Business Africa

April 9, 2025

Markets

Female Bank CEOs Score Big In Stock Market: Umeoji, Onyeali-Ikpe’s N294.97m Windfall

In a remarkable display of financial prowess, two female bank CEOs, Adaora Umeoji of Zenith Bank and Nneka Onyeali-Ikpe of Fidelity Bank, have collectively earned N294.97 million in the stock market over

Prime Business Africa

April 9, 2025

Stock Market Cap Up By N564.84bn, FBN Holdings, Fidelity Bank Top Trade

Markets

Nigerian Stock Market Sees Marginal Gain As Sterling, Mutual Benefit Lead The Charge

The Nigerian stock market recorded a marginal gain on Tuesday, 8 April, with the All-Share Index (ASI) appreciating by 0.15% to close at 104,376.73. The market capitalization also increased to N65.58 trillion,

Prime Business Africa

April 8, 2025

Business·Markets

BUA Cement’s Profitability Under Threat As Production Costs Surge

Nigeria’s BUA Cement is facing a significant challenge to its profitability as production costs continue to outpace revenue growth. Despite a 90.53% year-on-year increase in revenue to N876.46 billion in 2024, the

Prime Business Africa

April 8, 2025

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Prime Business Africa

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

Trade War Excalations Spark Bond Sell-off

Nigerian Stock Market Loses N119.22 Billion as Ecobank, PZ Cussons Shares Plummet

Tantalizers Slashes Staff Incentives In Bid To Curb Losses

Female Bank CEOs Score Big In Stock Market: Umeoji, Onyeali-Ikpe’s N294.97m Windfall

Nigerian Stock Market Sees Marginal Gain As Sterling, Mutual Benefit Lead The Charge

BUA Cement’s Profitability Under Threat As Production Costs Surge

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