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Insurance Retreat, Iraq Warning, China’s Pressure Deepen Strait of Hormuz Crisis

March 4, 2026

Traffic through the Strait of Hormuz the narrow, strategically vital waterway linking the Persian Gulf to the Gulf of Oman has slowed sharply amid escalating regional tensions, threatening one of the world’s most critical energy arteries. The passage carries roughly

Naira Appreciates, Ends Week Positive Across Official, Black Markets

Business·Top Stories

Dollar Appreciates In Black Market, Official Window

March 3, 2026

by Prime Business Africa

The foreign exchange (FX) rate for the United States dollar (USD) increased to N1,387.77 kobo per $1 on Tuesday, March 3, in the black market, surpassing the N1,382.52 kobo per $1 recorded on Monday, March 2. Also, the pound FX

Business

Business·Top Stories

Gains In Sunu Assurance, UAC Nigeria Shares Add N710bn To NGX Market Cap

March 3, 2026

Over N710 billion was gained in the Nigerian Exchange (NGX), also known as the stock market, on Tuesday, March 3. This led to the

Business·Top Stories

Largest Oil Companies In Nigeria: Three Rise In Valuation, Three Declines

March 3, 2026

Out of six oil companies listed on the Nigerian Exchange (NGX), also known as the stock market, three saw their valuation in the bourse

Business·Finance & Economy·News·Nigeria·Top Stories

Petrol Prices Set to Rise After Dangote Price Increase

March 3, 2026

Fuel prices in Nigeria are expected to rise sharply after a hike in refinery rates, as Africa’s richest man Aliko Dangote outlined broader plans

Official Market Records Decline In Dollar Rate, Trade Flat In Black Market

Business·Top Stories

Black Market Traders Exchange Dollar At N1,382/$, Official USD Rate Rises By N14

March 2, 2026

The foreign exchange (FX) rate for the United States dollar (USD) was relatively stable in the black market on Monday, March 2, as the

Business·News·Top Stories

Terra Industries Reappoints Nnamdi Chife to Drive Military Strategy as Defence Partnerships Scale

March 2, 2026

Terra Industries has reappointed security strategist Nnamdi Chife to lead its military relations portfolio, a move that underscores the company’s transition from an emerging

Politics

News·Nigeria·Politics·Top Stories

Anambra Stakeholders Split Over Soludo’s ‘One-Sided’ Project Implementation

March 2, 2026

Stakeholders from Anambra State are divided over the performance of Chukwuma Soludo as he prepares to begin a second term in office, with some praising his long-term development vision and others criticising what they describe as uneven project distribution. Bartholomew Igwilo, a Senior Advocate of Nigeria, said in an interview in Abuja on Monday that Soludo had brought an intellectual

News·Politics·Top Stories

2027 Polls: INEC Promises Reforms as Political Parties Begin Digital Registration

March 2, 2026

The Independent National Electoral Commission (INEC) has reiterated its commitment to credible

News·Nigeria·Politics·Top Stories

Omokri Rejects Claims Tinubu Using ‘Mystical Powers’

March 1, 2026

Controversial social commentator, Reno Omokri, has rejected claims that Nigeria’s president, Bola

News·Nigeria·Politics·Top Stories

Umahi Denies Sexual Harassment, N200 Million Debt Claims

March 1, 2026

Minister of Works, David Umahi, on Saturday denied allegations of sexual harassment

News·Politics·Top Stories

Adamawa Governor Fintiri Swaps PDP for APC in Strategic Realignment

February 27, 2026

In a landmark political development, Governor Ahmadu Umaru Fintiri of Adamawa State

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

Business·Finance & Economy·Labour·News·Nigeria·Technology·Top Stories

Tinubu Envisages Lebara to Transform Nigeria’s Digital Space, Create Jobs

February 28, 2026

President Bola Ahmed Tinubu has welcomed the launch of Lebara Nigeria, describing it as a signal of investor confidence in the country’s digital economy,

Africa·News·Technology

Dozens of Ghanaians Killed Fighting in Ukraine War

February 28, 2026

Dozens of Ghanaians have been killed while fighting in the war in Ukraine, with two others currently held as prisoners of war, Foreign Affairs

News·Technology·Top Stories·World News

US Denies Selling AI Chips to China Amid Security Concerns

February 25, 2026

A high-end Nvidia chip that can train and run artificial intelligence systems has not yet been sold to Chinese firms, a US Commerce Department

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.

Sport

Sports·Top Stories·World News

Iran Women’s Team Stands Silent During Anthem at Asian Cup Opener

March 3, 2026

The Iran women’s national football team made a striking statement on Monday night at the 2026 AFC Women’s Asian Cup, standing in silence as their national anthem played ahead of their opening match. The incident occurred at CBus Super Stadium on the Gold Coast, where Iran faced the South Korea women’s national football team in their Group A opener. Lined

Business·News·Sports

Stripe Explores Possible Deal for PayPal as Takeover Speculation Lifts Shares

February 24, 2026

Financial technology company Stripe is exploring a potential acquisition of PayPal or

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

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

Markets

Business·Markets·News·Nigeria·Top Stories

Dangote Cement Records 20% Increase in 2025 Revenue

March 1, 2026

Dangote Cement Plc reported a 20.3 percent rise in revenue to 4.31 trillion naira ($2.7 billion) for the year ending Dec. 31, 2025, driven

Business·Markets·News·World News

Aston Martin to Cut 20% of Workforce Over Rising Losses

February 25, 2026

British luxury carmaker Aston Martin has announced plans to reduce its workforce by up to 20 percent, following widening annual losses linked to US

Currency·Finance & Economy·Markets·News·Nigeria·Top Stories

CPPE Warns Nigeria’s $6bn Capital Inflow Surge May Be Fragile Despite Rebound

February 24, 2026

Nigeria recorded a sharp increase in foreign capital inflows in the third quarter of 2025, but the Centre for the Promotion of Private Enterprise

Nigerian Stock Market Cap Extends Decline With N73.44bn Loss

Business·Markets·News

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

February 22, 2026

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

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

Latest

News·Oil & Gas·Top Stories·World News

Insurance Retreat, Iraq Warning, China’s Pressure Deepen Strait of Hormuz Crisis

March 4, 2026

Traffic through the Strait of Hormuz the narrow, strategically vital waterway linking the Persian Gulf to the Gulf of Oman has slowed sharply amid escalating regional tensions, threatening one of the world’s most critical energy arteries. The passage carries roughly a fifth

Business·Top Stories

Dollar Appreciates In Black Market, Official Window

March 3, 2026

The foreign exchange (FX) rate for the United States dollar (USD) increased to N1,387.77 kobo per $1 on Tuesday, March 3, in the black market, surpassing the N1,382.52 kobo per $1 recorded on Monday, March 2. Also, the pound FX rate was

Business·Top Stories

Gains In Sunu Assurance, UAC Nigeria Shares Add N710bn To NGX Market Cap

March 3, 2026

Over N710 billion was gained in the Nigerian Exchange (NGX), also known as the stock market, on Tuesday, March 3. This led to the market capitalisation of the NGX rising from N125.48 trillion recorded on Monday, March 2, to N126.19 trillion. The

News·Nigeria·Top Stories

Sit-At-Home: Soludo Slashes Salaries Over Monday Absences, Workers Lament Excessive Pay Cut

March 3, 2026

Anambra State Governor, Chukwuma Soludo has reduced the February salaries of civil servants who failed to report for work on certain Mondays, enforcing a pro-rata pay policy designed to end compliance with separatist-linked sit-at-home protests. Workers received pay alerts this week showing

News·Top Stories

ADC Demands Fair Play in Malami, El-Rufai Cases, Warns Against Politically Driven Justice

March 3, 2026

The African Democratic Congress (ADC) has expressed deep concern over the handling of legal proceedings involving two of its senior members, Mr. Abubakar Malami, former Attorney General of the Federation and Minister of Justice from Kebbi State, and Mallam Nasir El-Rufai, former

News·Top Stories

DSS Detains Five Officers in Connection with El‑Rufai Airport Security Lapse

March 3, 2026

Five security officers have been taken into custody following a major security lapse at Nnamdi Azikiwe International Airport (NAIA) during the return of former Kaduna State Governor Nasir El‑Rufai on February 12, 2026. The arrests underscore a growing crackdown on corruption and

News·Nigeria·Top Stories

Airports Authority Defends New Cashless System

March 3, 2026

Nigeria’s airport authority on Tuesday defended its move to enforce electronic payments nationwide, saying the policy is designed to plug revenue leakages and improve accountability amid increased scrutiny of government agencies’ finances. The Managing Director of the Federal Airports Authority of Nigeria,

Finance & Economy·News·Nigeria·Top Stories

Oyedele to Replace Uzoka-Anite as Finance State Minister

March 3, 2026

President Bola Ahmed Tinubu has nominated tax expert Taiwo Oyedele as minister of state for finance, replacing Doris Uzoka-Anite, in a cabinet reshuffle announced on Tuesday. Uzoka-Anite has been redeployed to the Ministry of Budget and National Planning as minister of state,

News·Top Stories·World News

Trump Sanctions Rwanda Military Over DR Congo Conflict

March 3, 2026

US President, Donald Trump on Monday imposed sanctions on Rwanda’s defence forces and four senior military officials over their alleged role in the escalating conflict in eastern Democratic Republic of the Congo, calling for an immediate withdrawal from the volatile, mineral-rich region.

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