Prime Business Editorial

The equity market closed in positive territory for the second time this week as stocks rose by 0.04%. Investors traded N15.07bn worth of shares.

Over N444.98bn Wiped Off Nigerian Stock Market

On Wednesday, April 16, the market capitalisation of the Nigerian stock market lost N444.98 billion to settle at N65.25 trillion from N65.70 trillion recorded on Tuesday, April 15. This dragged the all-share

Prime Business Africa

April 16, 2025

Markets

MTN Investors Earn N944bn In Three Months As Airtel’s Shareholders Record Zero

MTN Nigeria investors had much to celebrate at the end of the first quarter in 2025 compared to shareholders of their market rivals, Airtel Africa. According to Prime Business Africa’s analysis of

Prime Business Africa

April 16, 2025

Business·Markets

Nigerians Spent N1.85 Trillion On Alcoholic, Non-alcoholic Drinks In 2024

In 12 months, Nigerians spent over N1.85 trillion on alcoholic and non-alcoholic drinks, according to an analysis of 2024 financials obtained from four brewing companies. The revenue generated by Guinness Nigeria, International

Prime Business Africa

April 16, 2025

News·Oil & Gas

Nigeria To Lay 24-Inch Gas Pipeline In Major Infrastructure Push

The Nigeria Gas Infrastructure Company, a subsidiary of the Nigerian National Petroleum Company Limited (NNPCL), in partnership with Fradro Gas & Power, is set to embark on a major infrastructure project. The

Prime Business Africa

April 16, 2025

Business·Oil & Gas

Ghana Poised For Energy Renaissance As EXPLORCO Targets Voltaian Basin

Ghana’s energy sector is on the cusp of a major breakthrough as EXPLORCO, the exploration arm of the Ghana National Petroleum Corporation (GNPC), prepares to drill its first exploration well in the

Prime Business Africa

April 16, 2025

NGX Set To Lose N60bn As MRS Oil Nigeria Plc Plans To Delist Shares

Markets

Unilever, Learn Africa, Other Gains Add N19bn To Stock Market Valuation

After trading hours on Tuesday, 15 April, the Nigerian stock market capitalisation increased from N65.68 trillion reported on Monday, 14 April, to N65.70 trillion, indicating a gain of N19.10 billion. This followed

Prime Business Africa

April 15, 2025

Why Cement Price Keeps Rising – Producers

Markets

Most Valuable Cement Companies In Nigeria

Dangote Cement maintained its position as the most valuable cement company in Nigeria in the first quarter (Q1) of 2025, ahead of BUA Cement and Lafarge Africa. At the end of Q1,

Prime Business Africa

April 15, 2025

Business·Markets

N51bn Windfall Tax Impacts GTCO’s Net Income Growth

Guaranty Trust Holding Company (GTCO) reported N2.14 trillion gross earnings in 2024, an 81.07 per cent increase from the N1.18 trillion generated in 2023. According to an analysis of the financial institution’s

Prime Business Africa

April 15, 2025

Nigerian Banks Resume Int’l Transactions On Naira Debit Cards

Business·Markets

Banks Shift Climate Targets Amid Global Economic Realities

In a significant move, major banks have voted to adjust their climate targets, abandoning a more stringent goal to align all sector financing with 1.5 degrees Celsius above pre-industrial levels by mid-century.

Prime Business Africa

April 15, 2025

Markets

U.S. Tech Giants Walk A Tightrope Through Trump’s Tariffs

US tech giants are navigating a complex web of President Trump’s global trade war, employing a dual strategy to minimize the impact of tariffs on their businesses. Companies like Apple and Nvidia

Prime Business Africa

April 15, 2025

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Prime Business Africa

Over N444.98bn Wiped Off Nigerian Stock Market

MTN Investors Earn N944bn In Three Months As Airtel’s Shareholders Record Zero

Nigerians Spent N1.85 Trillion On Alcoholic, Non-alcoholic Drinks In 2024

Nigeria To Lay 24-Inch Gas Pipeline In Major Infrastructure Push

Ghana Poised For Energy Renaissance As EXPLORCO Targets Voltaian Basin

Unilever, Learn Africa, Other Gains Add N19bn To Stock Market Valuation

Most Valuable Cement Companies In Nigeria

N51bn Windfall Tax Impacts GTCO’s Net Income Growth

Banks Shift Climate Targets Amid Global Economic Realities

U.S. Tech Giants Walk A Tightrope Through Trump’s Tariffs

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