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7.5% VAT Hits Mobile Transfers, USSD Payments in Nigeria Starting January 19

January 15, 2026

Nigerians sending money through mobile banking or USSD platforms will, from Monday, January 19, 2026, incur a 7.5 percent Value Added Tax (VAT) on service charges, following a directive issued by the Federal Government. The instruction affects banks and financial

Business·Top Stories

Caverton, Ikeja Hotel Halt NGX’s Bullish Run, Market Cap Drops By N457bn

January 15, 2026

by Prime Business Africa

On Thursday, January 15, the market capitalisation of the Nigerian Exchange (NGX), also known as the stock market, decreased to N106.32 trillion, from N106.78 trillion recorded on Wednesday. This represents a N457.58 billion decline in the market capitalisation, as the

Nigerian Guild of Editors Mourns Yakubu Mohammed, Dan Agbese

The Nigerian Guild of Editors (NGE) has expressed deep sorrow over the passing of two distinguished journalists, Yakubu Mohammed and Dan Agbese.

AFCON 2025: ‘Morocco Is Beatable on Their Own Soil — I Was There on August 28, 1983’

How Three Flying Eagles—Paul Okoku, Chibuzor Ehilegbu, and Isa Shofoluwe—Called in Days Before Kickoff, Helped Nigeria Cross a Defining Threshold By Paul

Business

Business·Celebrity News·News·Sports

January 15, 2026

Nigeria’s football authorities have threatened legal action against telecoms company Airtel Nigeria, accusing it of unauthorised marketing linked to the Super Eagles’ Africa Cup

Business·News·Nigeria·Oil & Gas·Top Stories

Dangote Refinery Dismisses Shutdown Claims

January 15, 2026

Dangote Petroleum Refinery has denied reports that it is shutting down for maintenance, insisting that production is continuing and that supplies of petrol remain

Business·News·Top Stories

NGX Lists 3.16bn Additional UBA Shares, Boosting Liquidity, Market Capitalisation

January 14, 2026

The Nigerian Exchange Limited (NGX) has formally admitted an additional 3.156 billion ordinary shares of United Bank for Africa (UBA) Plc to its Daily

Bulls Charge Ahead As NGX Shatters Records As Market Cap Surpasses N50trn

Business·Top Stories

Tantalizer Among Gainers As NGX Market Cap Surges By N598bn

January 14, 2026

Academy topped the gainers’ chart on the Nigerian Exchange (NGX) on Wednesday, January 14, and May & Baker led the losers’ table as the

Business·Top Stories

Naira Records Mixed Fortunes In Official, Black Markets

January 14, 2026

The value of the naira appreciated marginally by 0.05 percent following a N0.75 kobo decrease in the foreign exchange (FX) rate of the United

Politics

News·Nigeria·Politics·Top Stories

60% VAT Formula Could Reduce South-East Allocation, Chidoka Warns

January 14, 2026

Former minister Osita Chidoka has warned that a proposed change to Nigeria’s Value Added Tax (VAT) formula could sharply reduce allocations to South-East states. In a post shared on his public WhatsApp channel, Chidoka highlighted that the South-East contributed ₦101.09 billion to VAT in 2024 but received ₦341.46 billion, a 338 percent return. His post drew reactions, with some arguing

Nigeria·Politics·Top Stories

FCT Voters List Rises to 1.68 Million Ahead of Council Polls

January 14, 2026

The Independent National Electoral Commission (INEC) has released an updated voters’ register

Nigeria·Politics·Top Stories

Pressure Mounts on Nigeria’s Senate Over Electoral Reform Delay

January 14, 2026

Nigeria’s Senate leadership is facing growing pressure over delays in considering the

News·Nigeria·Politics·Top Stories

APC Says Over Two Million Members Registered in First Week of Digital Drive

January 14, 2026

The ruling All Progressives Congress (APC) says more than two million Nigerians

News·Nigeria·Politics·Top Stories

Edo Governor Frees Students, Rejects Kidnapping Claims Behind Ekpoma Protests

January 14, 2026

Edo State Governor Monday Okpebholo has approved the release of students and

Entertainment

Emmys 2025: ‘Adolescence’ Win Big, Full Winners List

September 15, 2025

The 2025 Emmy Awards were handed out Sunday, with Adolescence, The Studio, The Pitt, and The

Entertainment

How To Vote For AFRIMA 2025

September 9, 2025

The countdown to AFRIMA 2025 has officially begun as the All Africa Music Awards announced that

Entertainment

Full AFRIMA 2025 Nominations List: Davido, Burna Boy Lead List

September 5, 2025

The wait is over! The African Music Awards (AFRIMA) 2025 nominees list has been officially released,

Entertainment

AFRIMA 2025 Nominees List Unveiled: Voting Details, Top Contenders

September 5, 2025

The African Music Awards (AFRIMA) 2025 nominees list is finally here, music fans across the continent

Entertainment

Court Orders Mohbad’s Wife To Run DNA On Their Son

September 4, 2025

A Lagos State Magistrate Court sitting in Ikorodu, on Tuesday, September 2, 2025, ordered a DNA

Technology

News·Nigeria·Technology·Top Stories

Terra Industries Raises $11.75 Million to Build Africa’s First Homegrown Defence Tech Prime

January 13, 2026

Terra Industries, a Nigerian-founded defence technology startup, has raised $11.75 million in seed funding as it steps out of stealth and positions itself to

Business·News·Technology

Malaysia, Indonesia Block Grok Over Sexual Deepfake Images

January 13, 2026

Malaysia and Indonesia have blocked access to Grok, an artificial intelligence chatbot linked to Elon Musk’s platform X, citing concerns over the creation of

News·Nigeria·Technology·Top Stories

Tech Innovator Hanu Expands Inclusion with AI Smart Glasses for Hearing-Impaired Nigerians

January 10, 2026

Nigerian-born tech innovator, Hanu Fejiro Agbodjie, has donated AI-powered smart glasses to hearing-impaired Nigerians, reinforcing his commitment to using technology to promote social inclusion

Business·News·Technology·Top Stories

Nigerians to Receive Immediate Refunds for Failed Telecom Transactions

January 8, 2026

Nigerian telecom users will begin receiving automatic refunds for failed airtime and data purchases under a new framework introduced by the Nigerian Communications Commission

Business·News·Technology

Nigerian Mobile Users May Pay More Under New NCC Roadmap

January 7, 2026

By Prosper Okoye Nigerian mobile phone users may face higher call and data costs following a new five-year plan released by the country’s telecoms

Sport

Business·Celebrity News·News·Sports

January 15, 2026

Nigeria’s football authorities have threatened legal action against telecoms company Airtel Nigeria, accusing it of unauthorised marketing linked to the Super Eagles’ Africa Cup of Nations campaign. The Nigeria Football Federation (NFF) says Airtel engaged in what it described as “ambush marketing” by using Super Eagles imagery and branding without approval. It is demanding N1bn (£620,000) in compensation. In a

Sports·Top Stories

Morocco Win on Penalties Against Nigeria to Face Senegal in AFCON Final

January 15, 2026

It will be a battle of “Lions” in the Africa Cup of

Africa·FEATURES·Insights·Sports

AFCON 2025: ‘Morocco Is Beatable on Their Own Soil — I Was There on August 28, 1983’

January 14, 2026

How Three Flying Eagles—Paul Okoku, Chibuzor Ehilegbu, and Isa Shofoluwe—Called in Days

Opinion·Sports·Top Stories

The Raw Goat in Morocco 2025: AFCON and the Burden of Crude Representation

January 1, 2026

The Raw Goat in Morocco 2025: AFCON and the Burden of Crude

News·Sports·Top Stories

Anthony Joshua Stable After Ogun Crash as FRSC Blames Speeding, Wrongful Overtaking for Fatal Accident

December 30, 2025

Former world heavyweight boxing champion Anthony Joshua remains in stable condition after

Markets

Business·Finance & Economy·Markets·News·Nigeria

Nigeria Tightens Rules for Courier Companies Using Prepaid Imports

January 13, 2026

Nigeria’s customs authority has introduced new rules for courier companies that handle imported goods under a system where duties are paid before delivery, Prime

Business·Markets·Power·Top Stories

Behind the Geregu Power Sale: Politics and a $750m Deal

January 11, 2026

The sale of Geregu Power, one of Nigeria’s largest electricity plants, has drawn attention after politically connected figures assumed top positions. Billionaire Femi Otedola

Recapitalisation: UBA Extends Deadline For Rights Issue

Business·Markets·News

UBA Hits Billion-Naira Milestone: Rights Issue Success Pushes Capital Base Above ₦500bn

January 8, 2026

United Bank for Africa (UBA) has successfully concluded its rights issue, raising ₦157.84 billion through the issuance of 3.16 billion ordinary shares at ₦50

Business·Markets·News

GivTrade Secures UAE SCA Category 5 Licence

December 29, 2025

GivTrade, an international multi-asset brokerage providing access to global markets via CFDs, on Wednesday announced that it has been granted a Category 5 (“Arrangement

Business·Markets·News

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

December 21, 2025

The Federal Government of Nigeria has issued its debut bond under the Presidential Power Sector Debt Reduction Programme, raising N590 billion to settle verified

Latest

Business·News·Top Stories

7.5% VAT Hits Mobile Transfers, USSD Payments in Nigeria Starting January 19

January 15, 2026

Nigerians sending money through mobile banking or USSD platforms will, from Monday, January 19, 2026, incur a 7.5 percent Value Added Tax (VAT) on service charges, following a directive issued by the Federal Government. The instruction affects banks and financial technology companies,

Business·Top Stories

Caverton, Ikeja Hotel Halt NGX’s Bullish Run, Market Cap Drops By N457bn

January 15, 2026

On Thursday, January 15, the market capitalisation of the Nigerian Exchange (NGX), also known as the stock market, decreased to N106.32 trillion, from N106.78 trillion recorded on Wednesday. This represents a N457.58 billion decline in the market capitalisation, as the all-share index

News·Top Stories

Tinubu, Shettima Lead National Tribute as Leaders, Citizens Honour Fallen Heroes on Armed Forces Remembrance Day

January 15, 2026

Nigeria on Thursday observed Armed Forces Celebration and Remembrance Day with a solemn ceremony at the National Arcade, Abuja, honouring soldiers who have fallen in service to the nation, Prime Business Africa reports. President Bola Tinubu, currently abroad, was represented by Vice

News·Top Stories

Budget Office Faults Misreading of ₦246bn NEDC Budget Figures

January 15, 2026

The Budget Office of the Federation has dismissed claims that the North East Development Commission (NEDC) operates a ₦246 billion salaries budget, describing the narrative as misleading and based on a misreading of Nigeria’s federal budgeting process. The clarification followed widespread public

Business·Celebrity News·News·Sports

January 15, 2026

Nigeria’s football authorities have threatened legal action against telecoms company Airtel Nigeria, accusing it of unauthorised marketing linked to the Super Eagles’ Africa Cup of Nations campaign. The Nigeria Football Federation (NFF) says Airtel engaged in what it described as “ambush marketing”

News·Nigeria·Top Stories

Soludo Approves N15.9bn Nsugbe–Aguleri Dual Carriageway

January 15, 2026

Anambra State Governor Charles Chukwuma Soludo has approved the construction and dualisation of the 3-3 Nsugbe road to Aguleri at a cost of N15.9bn. The project, which includes a span bridge, was awarded to Ferotex Construction Company Limited. The state government says

Business·News·Nigeria·Oil & Gas·Top Stories

Dangote Refinery Dismisses Shutdown Claims

January 15, 2026

Dangote Petroleum Refinery has denied reports that it is shutting down for maintenance, insisting that production is continuing and that supplies of petrol remain stable. In a statement, the company described the reports as “false and misleading”, saying operations at the refinery

News·Top Stories·World News

Trump Renews Push for U.S. Control of Greenland After Tense Talks With Denmark, Allies Push Back

January 15, 2026

President Donald Trump has intensified his push for United States control of Greenland, describing the Arctic island as indispensable to American national security and warning that anything short of U.S. ownership would weaken the NATO alliance. Trump’s renewed remarks followed high-level White

News·Top Stories·World News

Trump Escalates Pressure on Iran Amid Deadly Protests, Markets on Alert

January 15, 2026

U.S. President Donald J. Trump has intensified pressure on Tehran following Iran’s nationwide crackdown on protesters, signaling a potential escalation of U.S. involvement while rattling global markets. The White House disclosed on Monday that Trump requested intelligence from European allies identifying Iranian

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