Prime Business Africa

Prime Business Africa is a business, economy and policy news platform founded in 2021 by veteran journalist and media scholar, Dr Marcel Mbamalu, after he left The Guardian as Editor.

Dr Mbamalu, who serves as Founder and Publisher, set up Prime Business Africa to deliver sharp, data-driven reporting on Nigeria’s markets, trade, investment, and governance trends for decision-makers, entrepreneurs, and policy leaders.

He also writes The Bottom Line, a backpage column for Punch Newspaper every Thursday.

Under his leadership, Prime Business Africa combines deep newsroom experience with a focus on accountability journalism, aiming to bridge information gaps between Africa’s private sector and the global economy.

Nigerian Stock Market Cap Sheds N274bn

A 0.39 percent decline in the all-share index (ASI) wiped off N274.06 billion from the stock market capitalisation, which depreciated from N68.89 trillion on Wednesday, May 21, to N68.62 trillion on Thursday, May 22. This was driven by the 436.08 basis points
May 22, 2025
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