Prime Business Africa

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Rabiu Abdulsamad’s Food Company Makes N418.34 billion From Sugar, Flour Sales

Abdul Samad Rabiu Gained N19.22trn In Nigerian Stock Market In 2025

January 14, 2026

Abdul Samad Rabiu, the founder of BUA Group and the third-richest man in Nigeria, saw his investments in the Nigerian Exchange (NGX) increase by 92.33 percent to N19.22 trillion at the end of 2025, according to Prime Business Africa’s analysis.

Business·News·Top Stories

Paystack Moves into Lending with Acquisition of Ladder Microfinance Bank

January 14, 2026

by Amanze Chinonye

Nigerian fintech giant Paystack, owned by U.S.-based Stripe, has formally entered the lending market with the acquisition of Ladder Microfinance Bank, marking a major expansion from its core payments business into regulated banking, Prime Business Africa reports. The acquisition grants

Business

Business·News·Top Stories

Kemi Omotosho Steps In to Redefine MultiChoice Nigeria’s Future

January 14, 2026

Kemi Omotosho has officially taken the reins as Chief Executive Officer of MultiChoice Nigeria, marking a new chapter for the pay-TV giant as it

Business·Top Stories

NGX Traders Exchange N33.54bn Shares, Market Cap Hits N106trn

January 13, 2026

After trading on the Nigerian Exchange (NGX), also known as the stock market, closed on Tuesday, January 13, the bourse’s market capitalisation grew to

Naira Falls Against Dollar Across FX Markets

Business·Top Stories

Dollar, Pound, Euro Rates Drop In Official Market

January 13, 2026

The United States dollar (USD) depreciated in value by 0.33 percent against the naira after the official market’s foreign exchange rate dropped to N1,420.25

Fidelity Bank Kicks Off N127 Billion Public Offer, Rights Issue Today

Business·Top Stories

Fidelity Bank’s Profit Drops By 50% To N87.67bn

January 13, 2026

Fidelity Bank recorded gross earnings of N 366,11 billion in the third quarter (Q3) of 2025, according to the company’s financial statements for the

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

Politics

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 have registered as members in the first week of its nationwide electronic membership drive. The party expects the total to reach eight to nine million before the exercise ends on 30 January 2026. Senator Ajibola Basiru, the party’s National Secretary, told reporters in Abuja on Monday that the

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

Africa·News·Politics·Top Stories

Uganda Opposition Voice Concerns as Internet Blackout Deepens Tensions

January 13, 2026

The shutdown of internet services across Uganda during the election period has

News·Politics·Top Stories

Nigeria, UAE Sign Comprehensive Economic Partnership Agreement in Abu Dhabi

January 13, 2026

Nigeria and the United Arab Emirates (UAE) on Tuesday signed a Comprehensive

Tambuwal Defeats Incumbent Dambuwa In Sokoto South Senatorial Election

News·Politics·Top Stories

Tambuwal: Nigerian Elections Often Don’t Reflect Voters’ Will, Competence Must Lead

January 13, 2026

Senator Aminu Waziri Tambuwal has raised fresh concerns over the credibility of

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

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 Representation By Dr Marcel Mbamalu From its inception in 1957 under Egypt’s Abdel Aziz Abdallah Salem to its current status under South Africa’s Patrice Motsepe, the Confederation of African Football (CAF) has evolved into the second-largest football confederation in the world. The Africa Cup of Nations is no

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

News·Sports·Top Stories

Anthony Joshua Injured in Ogun Road Crash as Two Persons Die

December 29, 2025

British-Nigerian heavyweight boxing star Anthony Joshua was on Monday involved in a

News·Sports

Air Peace, Onyema Back WABU Welterweight Champion Obizulike with ₦10m Sponsorship

December 24, 2025

Chairman and Chief Executive Officer of West and Central Africa’s largest airline,

News·Sports

Musa Calls Time on Illustrious Super Eagles Career

December 17, 2025

Nigeria’s most-capped footballer, Ahmed Musa, has formally announced his retirement from international

Markets

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

Business·Markets·Top Stories

Dollar Trades Flat In Black Market, Appreciates In Official Window

December 17, 2025

The dollar traded at N1,487.01/$1 in the parallel market on Wednesday, December 17, indicating the naira neither depreciated nor appreciated against the United States

Latest

Business·Top Stories

Abdul Samad Rabiu Gained N19.22trn In Nigerian Stock Market In 2025

January 14, 2026

Abdul Samad Rabiu, the founder of BUA Group and the third-richest man in Nigeria, saw his investments in the Nigerian Exchange (NGX) increase by 92.33 percent to N19.22 trillion at the end of 2025, according to Prime Business Africa’s analysis. Analysis showed

Business·News·Top Stories

Paystack Moves into Lending with Acquisition of Ladder Microfinance Bank

January 14, 2026

Nigerian fintech giant Paystack, owned by U.S.-based Stripe, has formally entered the lending market with the acquisition of Ladder Microfinance Bank, marking a major expansion from its core payments business into regulated banking, Prime Business Africa reports. The acquisition grants Paystack a

News·Top Stories·World News

Iran Unrest Deepens as Death Toll Rises and US Threatens New Tariffs

January 14, 2026

Iranian officials say around 2,000 people have been killed during ongoing protests across the country. The deaths are said to include both civilians and members of the security forces, with the government blaming the violence on what it describes as “terrorists”. Exiled

News·Top Stories

Chimamanda Adichie’s Son’s Death: Euracare Hospital Faces 7-Day Ultimatum (72 Hours Left)

January 14, 2026

With less than 72 hours left for Euracare Multi‑Specialist Hospital, Lagos, to respond, Chimamanda Ngozi Adichie and her husband, Dr. Ivara Esege, are pressing forward in a high-profile legal confrontation over the death of their 21‑month-old son, Nkanu Nnamdi Adichie‑Esege, on 7

Business·News·Top Stories

Kemi Omotosho Steps In to Redefine MultiChoice Nigeria’s Future

January 14, 2026

Kemi Omotosho has officially taken the reins as Chief Executive Officer of MultiChoice Nigeria, marking a new chapter for the pay-TV giant as it navigates rising competition, digital disruption, and shifting consumer expectations. She succeeds John Ugbe, who is retiring after nearly

News·Top Stories

Nigeria Engages Republican-Linked Firm in $9m Washington Lobbying Push

January 14, 2026

The Federal Government has entered into a $9 million lobbying contract with United States based public affairs firm DCI Group to promote Nigeria’s actions on protecting Christian communities and to sustain U.S. support for its counterterrorism operations. Lobbying documents filed with the

News·Nigeria·Top Stories

Nigeria to Appoint Five New Permanent Secretaries

January 14, 2026

The Office of the Head of the Civil Service of the Federation (HCSF) has announced plans to appoint five new Permanent Secretaries to fill current and upcoming vacancies in Adamawa, Ogun, Kano, Bayelsa, and Enugu states. In a circular dated 12 January

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 have registered as members in the first week of its nationwide electronic membership drive. The party expects the total to reach eight to nine million before the exercise ends on

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 other individuals arrested during protests in Ekpoma last weekend. The unrest, which began on Saturday, 10 January 2026, was sparked by rising kidnapping and insecurity in the community. Residents had

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