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Business - Page 529

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

Dangote Cement Posts Strong Profit Growth Despite Flat Volumes

Dangote Cement Plc recorded a sharp increase in profit and earnings in the first nine months of 2025, despite largely flat sales volumes across its Nigerian and Pan-African operations, according to the company’s latest operating review, Prime Business Africa reports. The cement

December 22, 2025

First Bank Changes Names Of Its Subsidiaries In UK, Some Sub-Saharan African Countries

Business·Top Stories

First Bank Changes Names Of UK Subsidiaries, Sub-Sahara Africa

First Bank of Nigeria Limited, Nigeria’s premier financial services institution, has announced a phased corporate name change of its subsidiaries in the United Kingdom and Sub-Saharan Africa. FBNBank UK, FBNBank Sierra Leone, FBNBank Gambia and FBNBank DRC are the first set of

March 31, 2023

Business·News·Technology

Court Nails $5,576 Cryptocurrency Fraudster

The Economic and Financial Crimes Commission, EFCC, on Monday, March 27, 2023, secured the conviction of one Moses Upkonahusi for $5,576 fraud. He was first arraigned by the EFCC before Justice Mohammed Zubair of the Federal Capital Territory, FCT, High Court, Jikwoyi,

March 31, 2023

NCC Issues New Customer Guidelines To Network Providers, To Deactivate Unused Phone Lines

Business·Insights

9mobile Disappoints, MTN Dusts Airtel, Glo, As Telcos Gain 12.6m Internet Users

The battle for internet users in Nigeria in 2022 was won by MTN Nigeria, as the company recorded the highest growth in its data subscriber base, compared to Glo, Airtel Nigeria and 9mobile. Prime Business Africa’s analysis of data obtained from the

March 31, 2023

AMA News·Business

Cellulant’s Payment Processing Platform to Power Online and Offline Payments for Businesses in Africa

SAN FRANCISCO- US, March 31, 2023 -/African Media Agency(AMA)/– Leading payments technology company, Cellulant aims to change how businesses make payments and get paid in Africa by introducing online and offline payment solutions. The payments market in Africa is experiencing rapid growth,

March 31, 2023

How Loss Of Over $5 Trillion In U.S. Stock Exchange Affects Nigeria

Business·Markets

Stock Market Closes Negative, Equity Investors Lose N98.52 billion

On Friday, the market capitalisation of the Nigerian bourse depreciated from N29.64 trillion to N29.54 trillion, losing N98.52 billion. The All-Share Index fell slightly to 54,232.34 ASI, after losing 180.87 basis points from the previous day’s 54,413.21 ASI. Investors exchanged 557.93 million shares in 3,943 deals

March 31, 2023

CBN Releases Another Around Of $10,000 FX To Each BDC, Mandates Them To Sell At N1,117/$1

Business·Currency

Dollar Rate Rises, CBN Fines Stanbic IBTC Over Export Proceeds

The foreign exchange rate between the Naira and the United States Dollar (USD) closed at N461.50 in the official market on Thursday, 30 March 2023. Prime Business Africa learnt that the day before, both currencies exchanged at a rate of N461.24 kobo.

March 31, 2023

Bank CEOs Meet Over Old Naira Deadline Extension Ahead Of Presidential Election

Business·News·Top Stories

Banks’ Audited Results: UBA, Zenith Bank, Sterling Bank, Ecobank, Stanbic IBTC – Latest News, Updates

PBA brings you the latest news and updates on Nigerian banks and their audited full year results for the year ending December 31, 2022. Below are the banks’ audited results: UBA Announces N201bn Profit, Pays 90 kobo Final Dividend Africa’s Global Bank,

March 31, 2023

Mixed Reactions Trail Nigeria’s Supreme Court Judgment On LG Autonomy

Business

UBA, Stanbic IBTC, Zenith Bank Risk Losing N1.89 trillion To Lawsuits

United Bank for Africa (UBA) and Stanbic IBTC are facing various lawsuits that could result in significant revenue losses for the financial institutions. As of 2022, about 411 cases have been filed against Stanbic IBTC, while UBA is currently involved in 1,422

March 31, 2023

AMA News·Business

Bybit Launches Optimized ETH Staking Ahead of Ethereum’s Shanghai Upgrade

Bybit, the world’s third most visited crypto exchange, launched its new Web3 Staking Pool today, enabling users to take advantage of the exchange’s uncomplicated ETH staking options in time for Ethereum network’s much anticipated Shanghai upgrade. The staking pool drastically simplifies the

March 31, 2023

Business·Top Stories

Nigeria Blames Charcoal Dealers, State Govts For Deforestation

The Federal Government, on Thursday, blamed powerful interests for the massive deforestation in states where loggers fell trees for the commercial production of charcoal. It said the ongoing activities are impeding the FG’s goal to plant 25 million trees by 2030 under

March 31, 2023

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Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

The Federal Government of Nigeria has issued its debut bond

Dollar Trades Flat In Black Market, Appreciates In Official Window

The dollar traded at N1,487.01/$1 in the parallel market on

Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

The government of Venezuela has condemned what it described as

Bank of Japan Poised to Lift Rates to 30-Year High as Inflation Pressures Persist

The Bank of Japan (BOJ) is set to raise its

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Business - Page 529

Dangote Cement Posts Strong Profit Growth Despite Flat Volumes

First Bank Changes Names Of UK Subsidiaries, Sub-Sahara Africa

Court Nails $5,576 Cryptocurrency Fraudster

9mobile Disappoints, MTN Dusts Airtel, Glo, As Telcos Gain 12.6m Internet Users

Cellulant’s Payment Processing Platform to Power Online and Offline Payments for Businesses in Africa

Stock Market Closes Negative, Equity Investors Lose N98.52 billion

Dollar Rate Rises, CBN Fines Stanbic IBTC Over Export Proceeds

Banks’ Audited Results: UBA, Zenith Bank, Sterling Bank, Ecobank, Stanbic IBTC – Latest News, Updates

UBA, Stanbic IBTC, Zenith Bank Risk Losing N1.89 trillion To Lawsuits

Bybit Launches Optimized ETH Staking Ahead of Ethereum’s Shanghai Upgrade

Nigeria Blames Charcoal Dealers, State Govts For Deforestation

Featured Stories

Dangote–Farouk Saga: Why Damning Claims Brought Down Oil Sector Giants

Heirs Energies Agrees $750m Afreximbank Financing to Drive Long-Term Growth

Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

SAFE IN NIGERIA: Boris Johnson’s Claim and the outrage

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Dangote Cement Posts Strong Profit Growth Despite Flat Volumes

Zimbabwe Tops List of Africa’s Most Expensive Mobile Data as Nigeria Ranks Among Cheapest

Dangote–Farouk Saga: Why Damning Claims Brought Down Oil Sector Giants

Dangote Explains Why Cement Costs More in Nigeria Than Abroad

Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

Dollar Trades Flat In Black Market, Appreciates In Official Window

Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

Bank of Japan Poised to Lift Rates to 30-Year High as Inflation Pressures Persist

Dangote Cement Posts Strong Profit Growth Despite Flat Volumes

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Business - Page 529

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