Prime Business Africa

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Naira Strengthens Against Dollar, Depreciates Against Pound, Euro

January 20, 2026

The foreign exchange (FX) rate for the United States dollar (USD) marginally declined by N0.5 kobo to N1,420 per $1 in the Nigerian foreign exchange market (NFEM) on Tuesday, January 20. The Central Bank of Nigeria (CBN) disclosed the FX

NGX Suspends Trading In Unity Bank, Guinea Insurance, 6 Other Companies’ Shares

Business·Top Stories

NGX Rebounds With N93bn Gain, As Market Cap Rises To N106.43trn

January 20, 2026

by Prime Business Africa

On Tuesday, January 20, the Nigerian Exchange (NGX) market capitalisation increased by N93.48 billion to N106.43 trillion, from the N106.34 trillion reported on Monday, January 19. The all-share index (ASI) expanded by 144.32 basis points, from 166,112.5 ASI to 166,256.82

Business

Business·Top Stories

Five Bank Shares That Gave Nigerians Highest Return On Investments In 2025

January 20, 2026

In 2025, shareholders of 10 commercial banks out of 11 listed on the Nigerian Exchange (NGX), also known as the stock market, recorded a

Business·News·Top Stories

Paystack Launches The Stack Group, Expands Beyond Payments After Achieving Profitability

January 20, 2026

Nigerian fintech company Paystack has restructured its operations under a newly created holding company, The Stack Group (TSG), marking a strategic expansion beyond payment

‘Japa’ Pushes UK Pound Rate To N920, As Nigerians Overwhelm Black Market

Business·Top Stories

Naira Depreciates Against Dollar, Pound, Euro In Official Window

January 19, 2026

In the Nigerian foreign exchange market (NFEM), also known as the official window, the United States dollar (USD) closed at N1,420.5 kobo per USD

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

Business·Top Stories

Ikeja Hotel, Living Trust Drag NGX Market Cap Down By N10.90bn

January 19, 2026

Over N10.90 billion was lost during trading on Monday, January 19, as the market capitalisation of the Nigerian Exchange (NGX) declined to N106.34 trillion,

Nigeria's Economic Independence Struggle: The Foreign Telecom Giants, Naira's Dilemma

Business·Top Stories

Investing In MTN More Profitable Than Holding Airtel’s Shares In 2025

January 19, 2026

In 2025, MTN Nigeria shares were more profitable than those of the telecommunications rival, Airtel Africa, in the Nigerian Exchange (NGX), also known as

Politics

News·Politics·Top Stories

APC Conflict Resolution Committee Holds First Meeting in Abuja

January 20, 2026

The All Progressives Congress (APC) Strategy, Conflict Resolution and Mobilisation Committee on Monday night held its inaugural meeting in Abuja, marking the commencement of efforts by the ruling party to address internal disputes and strengthen nationwide mobilisation ahead of future elections. The meeting was hosted by the committee’s chairman and Governor of Yobe State, Mai Mala Buni, at the Yobe

News·Nigeria·Politics

Kano Governor’s Secret Meeting with Tinubu Reignites Defection Concerns

January 19, 2026

Kano State Governor Abba Yusuf has held a closed-door meeting with Nigeria’s

News·Politics·Top Stories

Otti Predicts Stronger Leadership After 2031 as Abia Enters Phase of Accelerated Development

January 19, 2026

Abia State Governor, Dr. Alex Otti, OFR, has said that whoever succeeds

Insights·Opinion·Politics·Top Stories

Rivers State: A Cycle of Chaos – Will Anyone Listen?

January 19, 2026

Rivers State: A Cycle of Chaos – Will Anyone Listen? For three

News·Nigeria·Politics·Top Stories

Court to Rule on Tinubu’s Emergency Powers in Rivers State

January 18, 2026

A Federal High Court in Abuja has fixed 9 March for judgment

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

FEATURES·Opinion·Sports·Top Stories

AFCON FINAL: How Referee Chaos, Officiating Outrage Tainted Senegal’s Win

January 19, 2026

After a spectacle of 52 games, and a record-breaking number of goals (121 in the end), the Africa Cup of Nations (AFCON 2025) had come down to the two of the best in a tense final. Morocco’s effort in delivering a good tournament in some of the best stadiums in the world was about to see a great finale, mature

News·Sports·Top Stories

Senegal Win Africa Cup of Nations After Extra-Time Thriller Against Morocco

January 19, 2026

Senegal claimed their second Africa Cup of Nations (AFCON) title with a

News·Sports·Top Stories

Tinubu Congratulates Super Eagles on AFCON 2025 Bronze Medal Triumph

January 18, 2026

President Tinubu has congratulated Nigeria’s senior men’s national football team, the Super

Insights·Opinion·Sports

Nigeria–Morocco, AFCON 2025: A Semi-Final Decided by Margins, Pressure, and Perspective

January 17, 2026

By Paul Lucky Okoku (Former Nigerian International Footballer | Football Analyst) When

Business·Celebrity News·News·Sports

January 15, 2026

Nigeria’s football authorities have threatened legal action against telecoms company Airtel Nigeria,

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·Top Stories

Naira Strengthens Against Dollar, Depreciates Against Pound, Euro

January 20, 2026

The foreign exchange (FX) rate for the United States dollar (USD) marginally declined by N0.5 kobo to N1,420 per $1 in the Nigerian foreign exchange market (NFEM) on Tuesday, January 20. The Central Bank of Nigeria (CBN) disclosed the FX rate for

Business·Top Stories

NGX Rebounds With N93bn Gain, As Market Cap Rises To N106.43trn

January 20, 2026

On Tuesday, January 20, the Nigerian Exchange (NGX) market capitalisation increased by N93.48 billion to N106.43 trillion, from the N106.34 trillion reported on Monday, January 19. The all-share index (ASI) expanded by 144.32 basis points, from 166,112.5 ASI to 166,256.82 ASI. Traders

Business·Top Stories

Five Bank Shares That Gave Nigerians Highest Return On Investments In 2025

January 20, 2026

In 2025, shareholders of 10 commercial banks out of 11 listed on the Nigerian Exchange (NGX), also known as the stock market, recorded a combined gain of N4.81 trillion, according to Prime Business Africa’s analysis. The companies are Wema Bank, Stanbic IBTC,

News·Nigeria·Security

“New York Times Lied Against Us” – Intersociety

January 20, 2026

Rights group accuses US newspaper of misrepresentation, distortion and endangering its leadership “At no point during our interaction with the New York Times did we say or imply many of the things now attributed to us. What has been published is a

Business·News·Top Stories

Paystack Launches The Stack Group, Expands Beyond Payments After Achieving Profitability

January 20, 2026

Nigerian fintech company Paystack has restructured its operations under a newly created holding company, The Stack Group (TSG), marking a strategic expansion beyond payment processing after achieving group-wide profitability, Prime Business Africa reports. Paystack, which was acquired by US-based payments giant Stripe

News·Top Stories

Prominent Islamic Scholar, Chief Imam of Ilorin, Dies at 75

January 20, 2026

The Ilorin Emirate and Nigeria’s Muslim community are mourning the death of Sheikh (Dr.) Muhammad Bashir Imam Solihu (Saliu), OON, the revered 12th Chief Imam of Ilorin, who passed away on Monday, January 19, 2026, at the age of 75 after a

News·Politics·Top Stories

APC Conflict Resolution Committee Holds First Meeting in Abuja

January 20, 2026

The All Progressives Congress (APC) Strategy, Conflict Resolution and Mobilisation Committee on Monday night held its inaugural meeting in Abuja, marking the commencement of efforts by the ruling party to address internal disputes and strengthen nationwide mobilisation ahead of future elections. The

News·Top Stories

DSS Rearrest of Ex-AGF Malami Linked to Terrorism Financing Petitions, Rights Groups Raise Concerns

January 20, 2026

Fresh details have emerged surrounding the rearrest of former Attorney-General of the Federation, Abubakar Malami (SAN), with security sources confirming that the action by the Department of State Services (DSS) goes beyond the alleged discovery of arms at his Kebbi residence and

Africa·News·Top Stories

Uganda Partially Restores Internet After Museveni Wins Seventh Term

January 20, 2026

Ugandan authorities have partially restored internet services following President Yoweri Museveni’s victory in Thursday’s presidential election, while keeping social media platforms offline. Users reported reconnecting to the internet around 11:00 p.m. local time on Saturday, with some internet service providers confirming that

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