Prime Business Africa

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Tinubu’s ₦2.8tn Power Debt Deal Signals Shift From Bailout to Conditional Reform

February 23, 2026

President Tinubu’s approval of ₦2.8 trillion to settle verified electricity subsidy arrears is being framed not merely as a bailout for power generation companies (GenCos), but as a conditional reset of Nigeria’s troubled electricity market. The figure emerged after a

News·Security

Plateau Tension Escalates as Barkin Ladi Youths Shut Down Jos Road Over Fresh Killings

February 23, 2026

by Amanze Chinonye

Fresh unrest gripped Barkin Ladi Local Government Area of Plateau State on Monday after youths barricaded the main roadway connecting the area to Jos, protesting the killing of villagers in a late-night attack by gunmen. The protest followed Sunday’s assault

Over N351.74bn Lost As Deap Capital, Tantalizer Drag Down NGX Market Cap

Ellah Lakes’ N235 Billion Public Offer Falls Flat: Investors to Receive Refunds

Ellah Lakes Plc’s ambitious N235 billion public offer has ended in disappointment, with the company announcing it will refund investors due to

Iran Unrest Rekindles as Students Rally Against Leadership, Trump Warns Tehran to Strike ‘Fair Deal’

Student-led protests have erupted across several Iranian cities, with demonstrators chanting “Death to Khamenei” and other anti-government slogans, as U.S. President Donald

Business

Business·News·Oil & Gas·Top Stories

Nigerians to Acquire Shares in Dangote Refinery Within Five Months – Dangote

February 22, 2026

President of the Dangote Group, Aliko Dangote, has announced plans to open up ownership of the $20 billion Dangote Petroleum Refinery to Nigerians within

Business·News·World News

Musk Projects $500bn Lifetime Tax Bill as Net Worth Climbs to $852bn After SpaceX-xAI Merger

February 21, 2026

Billionaire entrepreneur Elon Musk has said he expects to pay more than $500 billion in taxes over his lifetime, including estate taxes, as his

Business·Top Stories

Official, parallel markets’ FX rates near convergence as gap shrinks to N3

February 20, 2026

On Friday, February 20, the foreign exchange (FX) rate for the United States dollar (USD) in the black market and the official window consolidated,

Nigerian Stock Market Record Highest Level In 15-years, Equity Cap Up N59.90bn

Business·Top Stories

Over N1.22trn Gained As Fidson Healthcare, Jaiz Bank Lift NGX Market Cap

February 20, 2026

Over N1.22 trillion was gained in the Nigerian Exchange (NGX), also known as the stock market, on Friday, February 20, as the bourse’s market

Business·Top Stories

N3.57bn FX Loss, Trading Gain Decline… Why Cornerstone Insurance’s Profit Dropped By 67%

February 20, 2026

In 2025, a 36.92 percent increase in Cornerstone Insurance Plc’s revenue was not enough to stop the company’s net income from crashing by 67.85

Politics

News·Nigeria·Politics·Top Stories

FCT Polls: APC Dominance Masks Deeper Questions for 2027

February 23, 2026

The latest area council elections in Nigeria’s capital have delivered a familiar headline—victory for the ruling All Progressives Congress—but beneath the surface, the results point to more complex political undercurrents that may shape the road to 2027. Across the six area councils of the Federal Capital Territory, the APC secured five chairmanship seats, leaving the Peoples Democratic Party with a

Cutting Cost Of Governance: Atiku Questions Tinubu’s Silence On Implementing Oronsaye Report

News·Politics·Top Stories

Atiku Raises Alarm Over Low Turnout in FCT Polls, Accuses Tinubu of Shrinking Democratic Space

February 22, 2026

Former Vice President Atiku Abubakar has expressed concern over what he described

News·Politics·Top Stories

Tinubu Congratulates APC Winners in FCT, Kano, Rivers, Hails Wike’s Impact

February 22, 2026

President Tinubu has congratulated winners of Saturday’s elections in the Federal Capital

News·Nigeria·Politics·Top Stories

How Wike Undermined Smooth Local Council Poll: by HURIWA

February 22, 2026

The Human Rights Writers Association of Nigeria (HURIWA) has condemned FCT Minister

News·Nigeria·Politics·Top Stories

FCT Polls: INEC Allegedly Forgets Original Copy of Result Sheets

February 21, 2026

The Independent National Electoral Commission (INEC) has been accused of failing to

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

EU Funding Boosts Nigeria’s Internet Expansion Plans

February 19, 2026

Faster and more reliable internet could soon reach millions of Nigerians after the European Union pledged €22m to support the country’s fibre-optic expansion. The

Markets·News·Politics·Technology·Top Stories·World News

UK Factories Warn High Energy Costs Are Driving Businesses Overseas

February 18, 2026

Inside a glass factory in north-west England, molten glass pours through chutes and is blown into bottles in furnaces that burn around the clock.

Africa·News·Technology·Top Stories

Gabon Suspends Social Media Amid Rising Unrest

February 18, 2026

Gabon’s media regulator has ordered the suspension of social media platforms “until further notice,” citing content that it says is fuelling division and unrest

MTN Shareholders, Karl Toriola Lose N581.57bn Within Three Days

Business·News·Technology·Top Stories

Nigeria Reviews MTN Group’s Acquisition of IHS Towers Over Sector Impact

February 17, 2026

The Federal Government has said it will undertake a comprehensive assessment of the reported acquisition of IHS Towers by MTN Group, citing the strategic

News·Technology·Top Stories·World News

Russia Cuts Off WhatsApp Access in Sweeping Push for State-Controlled Messaging Platform

February 12, 2026

WhatsApp says the Russian government has moved to “fully block” its encrypted messaging service across the country, in what appears to be a coordinated

Sport

FEATURES·Sports

Brain Drain in Nigerian Sports: Governance, Trust and the Ofili Question

February 21, 2026

When Favour Ofili confirmed her decision to switch allegiance to Turkey, the reaction within Nigeria’s sporting community was immediate and emotionally charged. For some, it was a painful symbol of declining national loyalty. For others, it was a predictable consequence of systemic administrative failures. But beyond the public outrage lies a deeper institutional question: are Nigeria’s elite athletes leaving because

News·Sports·Top Stories

18 Senegalese Fans Jailed After AFCON Final Disturbances in Morocco

February 19, 2026

A Moroccan court has sentenced 18 Senegalese football fans to prison terms

Diaspora·News·Sports

UK-Based Nigerian Footballer Dies After Suffering Severe Brain Injury

February 8, 2026

A Nigerian non-league footballer, Saburi Olayinka Adeniji, has died in the United

Opinion·Sports·Top Stories

Giants Real Madrid Becoming Teeters

February 2, 2026

Ordinarily, there ought to be no big deal about Real Madrid or

News·Sports·Top Stories

CAF Sanctions Senegal, Morocco Over Chaotic AFCON 2025 Final

January 29, 2026

The Confederation of African Football (CAF) has imposed heavy sanctions on the

Markets

Business·Markets·Top Stories

Week Ahead: Nigeria CPI Cools, US-Iran Talks & US PCE in Focus

February 19, 2026

By Lukman Otunuga In a welcome development for Nigeria’s economy, inflation unexpectedly slowed in January, with prices rising 15.1% year-on-year. This represented a slight

African Countries With The Largest Proven Oil Reserves In 2025

Markets·News·Top Stories·World News

Markets Fall as Iran Signals New Chance for Nuclear Talks

February 17, 2026

Global shares slipped and oil prices fell on Tuesday after Iran offered a cautiously positive response in nuclear talks with US officials in Geneva,

Business·Markets·News·Nigeria·Top Stories

Soludo Seals Shops for Two Weeks over Monday Sit-at-Home

February 17, 2026

The Anambra State Government has sealed dozens of shops at two major markets in Idemili North council area after traders failed to open for

‘CBN’s Interest Rate Remains High, Choking Businesses’

Business·Insights·Markets·Opinion

Soludo’s New Market Design: Why Onitsha Traders Must Tread Carefully

February 17, 2026

The main fears and warnings of critics of the actions of Anambra governor, Professor Chukwuma Soludo about sit-at-home and closure of the Onitsha Main

Markets·News·Top Stories·World News

Trump Threatens 100% Tariffs on Canadian Goods Over China Trade Deal

January 25, 2026

U.S. President Donald Trump has threatened to impose 100 per cent tariffs on all Canadian goods entering the United States, sharply escalating trade tensions

Latest

FEATURES

Tinubu’s ₦2.8tn Power Debt Deal Signals Shift From Bailout to Conditional Reform

February 23, 2026

President Tinubu’s approval of ₦2.8 trillion to settle verified electricity subsidy arrears is being framed not merely as a bailout for power generation companies (GenCos), but as a conditional reset of Nigeria’s troubled electricity market. The figure emerged after a tripartite audit

News·Security

Plateau Tension Escalates as Barkin Ladi Youths Shut Down Jos Road Over Fresh Killings

February 23, 2026

Fresh unrest gripped Barkin Ladi Local Government Area of Plateau State on Monday after youths barricaded the main roadway connecting the area to Jos, protesting the killing of villagers in a late-night attack by gunmen. The protest followed Sunday’s assault on Ratatis

News·Power·Top Stories

Rivers Communities Celebrate Electricity After Two Decades

February 23, 2026

Residents of Etche Local Government Area in Rivers State are celebrating as electricity flows into their communities for the first time in more than 20 years. The supply comes from Aba Power electricity distribution company, based in Aba, Abia State. “My joy knows

News·Top Stories

Nigeria Defeats European Tech Firm in $6.2m International Arbitration

February 23, 2026

Nigeria has secured a major victory in international arbitration after a tribunal dismissed in its entirety a $6.2 million claim filed against the country by European Dynamics UK Ltd over a stalled national e-procurement project, Prime Business Africa reports. The arbitration panel

News·Nigeria·Politics·Top Stories

FCT Polls: APC Dominance Masks Deeper Questions for 2027

February 23, 2026

The latest area council elections in Nigeria’s capital have delivered a familiar headline—victory for the ruling All Progressives Congress—but beneath the surface, the results point to more complex political undercurrents that may shape the road to 2027. Across the six area councils

News·Top Stories

Court Restrains Sowore, Sahara Reporters From Publishing Alleged Defamatory Content Against IGP Egbetokun

February 23, 2026

The Federal Capital Territory High Court sitting at Life Camp, Abuja, has granted an interim injunction restraining activist Omoyele Sowore and online platform Sahara Reporters from further publishing content deemed defamatory against the Inspector-General of Police, Kayode Egbetokun. The order was granted

News·Top Stories·World News

Mexico’s Most Wanted Cartel Leader ‘El Mencho’ Killed in Military Operation as Coordinated Violence Erupts Across Several States

February 23, 2026

Nemesio Rubén Oseguera Cervantes, widely known as “El Mencho,” the leader of the powerful Jalisco New Generation Cartel (CJNG), has been killed following a military operation in western Mexico, triggering coordinated retaliatory attacks across multiple states. According to Mexico’s Defense Ministry, Oseguera

Corruption: Obasanjo Urges Christians To Engage In Politics

Health·News·Top Stories

Obasanjo’s 89th Birthday Outreach to Deliver Free Medical Care to 10,000 Lagos Residents

February 23, 2026

Former President Olusegun Obasanjo will mark his 89th birthday with a large-scale medical outreach programme designed to provide free healthcare services to at least 10,000 residents of Lagos State, Prime Business Africa reports. The week-long outreach, coordinated by the Olusegun Obasanjo Foundation

News·Politics·Top Stories

Atiku Raises Alarm Over Low Turnout in FCT Polls, Accuses Tinubu of Shrinking Democratic Space

February 22, 2026

Former Vice President Atiku Abubakar has expressed concern over what he described as a “disgracefully low” voter turnout in Saturday’s Federal Capital Territory (FCT) Area Council elections, warning that the trend signals deepening democratic decline under President Tinubu, Prime Business Africa reports.

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