Prime Business Africa, Author at Prime Business Africa

First Bank Changes Names Of Its Subsidiaries In UK, Some Sub-Saharan African Countries

First HoldCo’s Profit Drops By 25% To N116bn In Q2 2025

Between April and June 2025, First HoldCo generated N812.12 billion in interest income, surpassing the N501.54 billion recorded in the second quarter (Q2) of 2024, representing an increase of 61.92 percent. The

Prime Business Africa

July 31, 2025

Business·Top Stories

South-West, South-South… Regions With Highest Majority Investors In Nigeria’s Oil Industry

The oil and gas industry is a vital revenue contributor to the Nigerian economy, contributing 3.97 percent to the total real gross domestic product (GDP) in the first quarter (Q1) of 2025.

Prime Business Africa

July 31, 2025

Business·Top Stories

NGX Market Cap Up N863bn As Dangote Sugar, Berger Paints Record Gains

The market capitalisation of the Nigerian Exchange Limited (NGX) hit N88.05 trillion on Wednesday, July 30, up from N87.19 trillion reported on Tuesday, July 29. This represents an increase of N863.48 billion,

Prime Business Africa

July 30, 2025

BUA Cement's Profitability Under Threat As Production Costs Surge

Business·Top Stories

BUA Cement’s Revenue Rises To N289bn, Profit Up 512.69%

BUA Cement reported a turnover of N289.48 billion in the second quarter (Q2) of 2025, surpassing the N202.81 billion generated in Q2 2024. The 42.73 percent growth in revenue overshadowed the 2.60

Prime Business Africa

July 30, 2025

Business·Top Stories

How Ogbechie Family Made N15.7bn From Nigerian Stock Market

In the first six months of 2025, Gabriel and Godrey Ogbechie, from Anambra state, made N15.70 billion from the Nigerian stock market, according to Prime Business Africa’s analysis. The Ogbechie family are

Prime Business Africa

July 30, 2025

Nigerian Equity Market Records First Gain This Week

Business·Top Stories

Nigerian Bourse Rises By N1.73trn To N87trn

Nigeria’s stock market continued its bullish run on Tuesday, July 29, after the market capitalisation increased by N1.73 trillion to N87.19 trillion, from N85.45 trillion on Monday, July 28. Also, 2,746.36 basis

Prime Business Africa

July 29, 2025

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

Business·Top Stories

Dangote Cement’s Profit Rises By 230% After Cutting Costs

Over N1.07 trillion in revenue was generated by Dangote Cement between April and June 2025, exceeding the N942.70 billion turnover posted in the second quarter of last year, representing an increase of

Prime Business Africa

July 29, 2025

Mike Adenuga Loses $300million As Net-worth Further Declines To $3.3bn

Business·Top Stories

Mike Adenuga Loses N94.60bn In Conoil Investment

In the first half (H1) of 2025, Mike Adenuga, a Nigerian business mogul, lost N94.60 billion in his investment in Conoil Plc, according to Prime Business Africa’s analysis. Adenuga holds indirect shares

Prime Business Africa

July 29, 2025

Bulls Charge Ahead As NGX Shatters Records As Market Cap Surpasses N50trn

Business·Top Stories

Academy Leads Gainers, Livestock Tops Losers As Stock Market Cap Gains N399bn

On Monday, July 28, the stock market capitalisation increased by N399.88 billion to N85,45 trillion, from the N85.05 trillion recorded on Friday, July 25. The all-share index (ASI) expanded to 135,166.51 ASI,

Prime Business Africa

July 28, 2025

Naira Devaluation Will Cause Negative Impact Of $22m On Revenues, Airtel Africa Says

Business·Top Stories

Airtel Nigeria’s Data Revenue Rises 40%, Voice Turnover Up 19% In Q2 2025

Airtel Africa said its revenue in Nigeria increased by 29.8 percent to $332 million in the second quarter of 2025, up from $256 million generated in the corresponding period in 2024. This

Prime Business Africa

July 28, 2025

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Prime Business Africa

First HoldCo’s Profit Drops By 25% To N116bn In Q2 2025

South-West, South-South… Regions With Highest Majority Investors In Nigeria’s Oil Industry

NGX Market Cap Up N863bn As Dangote Sugar, Berger Paints Record Gains

BUA Cement’s Revenue Rises To N289bn, Profit Up 512.69%

How Ogbechie Family Made N15.7bn From Nigerian Stock Market

Nigerian Bourse Rises By N1.73trn To N87trn

Dangote Cement’s Profit Rises By 230% After Cutting Costs

Mike Adenuga Loses N94.60bn In Conoil Investment

Academy Leads Gainers, Livestock Tops Losers As Stock Market Cap Gains N399bn

Airtel Nigeria’s Data Revenue Rises 40%, Voice Turnover Up 19% In Q2 2025

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First HoldCo’s Profit Drops By 25% To N116bn In Q2 2025

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South-West, South-South… Regions With Highest Majority Investors In Nigeria’s Oil Industry

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