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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.

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Over N313.34 billion Wiped Off Stock Market

The Nigerian stock market declined on Friday, May 9, after the bourse’s equity capitalisation depreciated by N313.34 billion, to N68.33 trillion from N68.65 trillion on May 8. This followed a 0.10 percent decline in the all-share index (ASI), which fell from 108,849.83
May 9, 2025
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Stanbic IBTC Posts N116.41bn Profit Before Tax

Stanbic IBTC Holdings saw a significant increase in its topline and bottom line for the first quarter (Q1) of 2025, while its customer deposits increased marginally. According to the company’s condensed consolidated interim financial statements for the period ended March 31, 2025,
May 9, 2025
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