Prime Business Africa, Author at Prime Business Africa

Fidelity Bank Shareholders Lose N107bn As Court Issue Affects Investors’ Confidence

Fidelity Bank is battling a decline in investor confidence amid a court battle over N225 billion in damages awarded to a Nigerian firm, Sagecom Concepts Limited, against the lender and G. Cappa

Prime Business Africa

May 22, 2025

Business·Top Stories

Stock Market Cap Loses N69bn As Meyer, Linkage Assurance Shares Plummet

Trading closed on a negative note on Wednesday, May 21, after a 0.10 per cent decline in the all-share index (AS) wiped off N69.99 billion from the stock market capitalisation. Following the

Prime Business Africa

May 21, 2025

Business·Top Stories

CAP’s Shrinking Bottom Line Hurts Shareholders

Chemical and Allied Products Plc (CAP) has been struggling to attract stock market investors in the second quarter (Q2) of 2025, compared to its industry rival, Berger Paints. According to Prime Business

Prime Business Africa

May 21, 2025

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

Business·Top Stories

Dangote Cement’s Production Cost Gulps 40.94% Of Revenue

Dangote Cement curbed the impact of production cost on its revenue in the first quarter (Q1) of 2025, as the company generated N994.65 billion turnover, with cost of sales reaching N407.26 billion.

Prime Business Africa

May 21, 2025

Business·Top Stories

Nestle, Tantalizers, Others Add N20.5bn To Stock Market Cap

On Tuesday, May 20, the Nigerian stock market recovered from losses recorded on Monday, May 19, following gains in Nestle, Tantalizer, and others. The companies on the gainers’ list added N20.50 billion

Prime Business Africa

May 20, 2025

Over 1,500 CBN Staff Will Relocate To Lagos February 2

Business·Top Stories

CBN retains interest rate at 27.5%

The monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) has retained the monetary policy rate (MPR) at 27.50 percent. Olayemi Cardoso, the governor of the CBN, announced the MPC’s decision

Prime Business Africa

May 20, 2025

Wema Bank In Search Of N25 billion, Target Private Investors

Business·Top Stories

Wema Bank Performs Poorly In Q1 As Revenue Drops 41%, Profit Declines 72%

Wema Bank’s revenue fell by 41.79 per cent to N81.27 billion in the first quarter (Q1) of 2025, failing to surpass the N139.62 billion generated in the corresponding period in 2024. The

Prime Business Africa

May 20, 2025

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

Business·Top Stories

Tantalizer Tops Gainers, TIP Leads Losers As Stock Market Cap Drops N7.89bn

Over N7.89 billion was lost in the stock market on Monday, May 19, as the equity capitalisation fell marginally from N68.95 trillion to N68.94 trillion. Also, the all-share index (ASI) decreased to

Prime Business Africa

May 19, 2025

Business·Top Stories

Mike Adenuga’s Investment In Sterling Bank’s Parent Company Drops By N615m

The investment of Mike Adenuga, the founder of Globacom, in Sterling Financial Holdings Company Plc, parent company of Sterling Bank, dropped in the first quarter (Q1) of 2025, according to analysis by

Prime Business Africa

May 19, 2025

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

Business·Top Stories

Airtel Nigeria’s Voice Revenue Contribution Drops, Data Accounts For 45% Of Turnover

Airtel Nigeria recorded a 15.5 percent growth in its revenue after generating $307 million in the first quarter (Q1) of 2025, compared to the $266 million turnover reported for the same period

Prime Business Africa

May 19, 2025

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Prime Business Africa

Fidelity Bank Shareholders Lose N107bn As Court Issue Affects Investors’ Confidence

Stock Market Cap Loses N69bn As Meyer, Linkage Assurance Shares Plummet

CAP’s Shrinking Bottom Line Hurts Shareholders

Dangote Cement’s Production Cost Gulps 40.94% Of Revenue

Nestle, Tantalizers, Others Add N20.5bn To Stock Market Cap

CBN retains interest rate at 27.5%

Wema Bank Performs Poorly In Q1 As Revenue Drops 41%, Profit Declines 72%

Tantalizer Tops Gainers, TIP Leads Losers As Stock Market Cap Drops N7.89bn

Mike Adenuga’s Investment In Sterling Bank’s Parent Company Drops By N615m

Airtel Nigeria’s Voice Revenue Contribution Drops, Data Accounts For 45% Of Turnover

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