Prime Business Editorial

Tantalizers Cuts Staff Incentives Amid Attempt To Exit Over N260m Losses

Tantalizers Slashes Staff Incentives In Bid To Curb Losses

In a bid to stem its losses, Tantalizers, a quick service restaurant (QSR), has cut staff incentives and implemented cost-saving measures. The company reported a loss of over N260 million in 2024,

Prime Business Africa

April 9, 2025

Markets

Female Bank CEOs Score Big In Stock Market: Umeoji, Onyeali-Ikpe’s N294.97m Windfall

In a remarkable display of financial prowess, two female bank CEOs, Adaora Umeoji of Zenith Bank and Nneka Onyeali-Ikpe of Fidelity Bank, have collectively earned N294.97 million in the stock market over

Prime Business Africa

April 9, 2025

Stock Market Cap Up By N564.84bn, FBN Holdings, Fidelity Bank Top Trade

Markets

Nigerian Stock Market Sees Marginal Gain As Sterling, Mutual Benefit Lead The Charge

The Nigerian stock market recorded a marginal gain on Tuesday, 8 April, with the All-Share Index (ASI) appreciating by 0.15% to close at 104,376.73. The market capitalization also increased to N65.58 trillion,

Prime Business Africa

April 8, 2025

Business·Markets

BUA Cement’s Profitability Under Threat As Production Costs Surge

Nigeria’s BUA Cement is facing a significant challenge to its profitability as production costs continue to outpace revenue growth. Despite a 90.53% year-on-year increase in revenue to N876.46 billion in 2024, the

Prime Business Africa

April 8, 2025

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

Business·Markets

Over N658bn Lost In Stock Market As Oando, Honeywell Shares Decline

On Monday, April 7, the Nigerian stock market’s all-share index (ASI) declined by 1,295.02 basis points to close at 104,216.87 ASI from 105,511.89 ASI. This dragged the market capitalisation down by N658.22

Prime Business Africa

April 8, 2025

Naira Scarcity: Zenith Bank's Profit Drops To N223.91bn, Faces N967bn Lawsuits

Markets

Zenith Bank Chairman, Jim Ovia, Rakes In N26.88bn As Shares Soar

Jim Ovia, the chairman of Zenith Bank, has made a whopping N26.88 billion through his investment in the financial institution in 2024, following a 13.01 percent increase in the company’s share price.

Prime Business Africa

April 7, 2025

Markets

Decline In FX Gain Slows UBA’s Profit Growth

After an impressive period in 2023, which saw the United Bank for Africa (UBA) record an impressive 256.88 percent increase in profit after tax (PAT), the company’s net income growth slowed significantly

Prime Business Africa

April 7, 2025

Markets

Global Events: U.S. Tariff War Intensifies

The U.S. tariff war has taken a dramatic turn, with former President Donald Trump launching sweeping new import tariffs. This move aims to correct long-standing trade imbalances and revive domestic manufacturing. The

Prime Business Africa

April 7, 2025

Markets

Stock Market: Livestock Leads Gainers’ List, AXA Mansard Tops Losers

The stock market capitalisation depreciated slightly on Friday, 4 April 2025, to N66.14 trillion from N66.15 trillion reported the previous day. According to data obtained from the Nigerian Exchange Limited (NGX), the

Prime Business Africa

April 4, 2025

Total Energies’ shareholders lose N6.21bn to decline in investor confidence

Markets

Total Energies’ Shareholders Lose N6.21bn Due To Decline In Investor Confidence

After failing to meet its projections in 2024, stock market investors’ confidence in Total Energies, an oil and gas company, dropped in the first quarter of 2025. The lack of interest among

Prime Business Africa

April 4, 2025

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Prime Business Africa

Tantalizers Slashes Staff Incentives In Bid To Curb Losses

Female Bank CEOs Score Big In Stock Market: Umeoji, Onyeali-Ikpe’s N294.97m Windfall

Nigerian Stock Market Sees Marginal Gain As Sterling, Mutual Benefit Lead The Charge

BUA Cement’s Profitability Under Threat As Production Costs Surge

Over N658bn Lost In Stock Market As Oando, Honeywell Shares Decline

Zenith Bank Chairman, Jim Ovia, Rakes In N26.88bn As Shares Soar

Decline In FX Gain Slows UBA’s Profit Growth

Global Events: U.S. Tariff War Intensifies

Stock Market: Livestock Leads Gainers’ List, AXA Mansard Tops Losers

Total Energies’ Shareholders Lose N6.21bn Due To Decline In Investor Confidence

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