Prime Business Africa

Latest

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

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 American greenback traded at N1,382.52 kobo per $1. According to Naira Rates, the black market aggregator,

Business·News·Top Stories

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

March 2, 2026

by Amanze Chinonye

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 hardware innovator to a more deeply embedded player within Nigeria’s formal defence architecture. Chife’s return comes

Business

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

Business·Top Stories

NGX Market Cap Rises To N125.48trn — Up By N1.72trn

March 2, 2026

On Monday, March 2, the Nigerian Exchange (NGX) recorded a N1.72 trillion increase in its market capitalisation, which rose to N125.48 trillion from N123.76

Wema Bank In Search Of N25 billion, Target Private Investors

Business·Top Stories

Wema Bank Survives 60% Decline in Securities Investment As Topline Outpaces Expenses

March 2, 2026

Wema Bank recorded N653,28 billion gross earnings in 2025, according to the company’s consolidated and separate financial statements for the period ended December 31,

FAAN Bans Taxi From Abuja Airport, Recommends Uber, Others

Business·News·Nigeria·Top Stories

Cashless Rollout Triggers Traffic Snarls at Lagos International Airport

March 1, 2026

Nigeria’s airport authority on Sunday urged motorists to remain patient after heavy traffic congestion disrupted access to the country’s two busiest airports on the

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

Why Nigerian Airlines Have Been Unable To Compete With Foreign Operators - Keyamo

Business·News·Nigeria·Top Stories·World News

US-Iran Strikes Disrupt Nigeria–Middle East Flight Routes

February 28, 2026

Flights between Nigeria and several Middle East destinations were disrupted on Saturday after multiple countries shut their airspace following United States and Israeli strikes

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

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 parts of its operations, Bloomberg News reported on Tuesday. The report said Stripe has conveyed early-stage interest in a transaction involving the digital payments firm, though deliberations remain preliminary and may not result in a formal offer. Both companies declined to comment, and Reuters said it was unable

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

Opinion·Sports·Top Stories

Giants Real Madrid Becoming Teeters

February 2, 2026

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

Markets

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

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,

Latest

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 American greenback traded at N1,382.52 kobo per $1. According to Naira Rates, the black market aggregator, the USD

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 hardware innovator to a more deeply embedded player within Nigeria’s formal defence architecture. Chife’s return comes at a

News·Top Stories

Police Council Ratifies Disu as IGP, Tinubu to Swear Him In Wednesday

March 2, 2026

The Nigeria Police Council on Monday ratified the appointment of Olatunji Rilwan Disu as Inspector-General of Police (IGP), with his swearing-in scheduled for Wednesday by President Ahmed Tinubu, Prime Business Africa reports. The ceremony will take place at the State House, Abuja,

Business·Top Stories

NGX Market Cap Rises To N125.48trn — Up By N1.72trn

March 2, 2026

On Monday, March 2, the Nigerian Exchange (NGX) recorded a N1.72 trillion increase in its market capitalisation, which rose to N125.48 trillion from N123.76 trillion on Friday, February 27. The market capitalisation increased by 1.39 percent after the all-share index (ASI) expanded

News

DSS Arrests Suspect Over Alleged Attack on Obi

March 2, 2026

Department of State Services (DSS), has arrested a 26-year-old suspect, Udeme Sunday Stephen, over an alleged attack on former presidential candidate Peter Obi and members of the African Democratic Congress in Benin City, Edo State. The incident occurred last Tuesday at the

Business·Top Stories

Wema Bank Survives 60% Decline in Securities Investment As Topline Outpaces Expenses

March 2, 2026

Wema Bank recorded N653,28 billion gross earnings in 2025, according to the company’s consolidated and separate financial statements for the period ended December 31, 2025, surpassing the N433.43 billion generated in 2024. The gross earnings rose by 31 percent following a 62.73

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

Why President Tinubu Rejected Me As Ministerial Nominee – El-Rufai

News·Top Stories

El-Rufai Family Accuses ICPC of ‘Phantom’ Wiretap Claims, Alleges Forged Search Warrant

March 2, 2026

The family of former Kaduna State governor, Nasir Ahmad El-Rufai, has issued a strongly worded statement denying allegations by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) that surveillance devices were recovered from his Abuja residence, Prime Business Africa Reports.

News·Oil & Gas·Top Stories

Nigeria Orders NNPC to Halt 60% Deductions from PSC Profit Oil as Executive Order 9 Takes Effect

March 2, 2026

The Federal Ministry of Finance has announced the commencement of the implementation of Executive Order 9 of 2026, aimed at safeguarding petroleum revenues and strengthening the management of oil and gas income accruing to the Federation, Prime Business Africa Reports. At its

1 2 3 … 3,228 Next

Cookie	Duration	Description
cookielawinfo-checbox-analytics	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checbox-functional	11 months	The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checbox-others	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-necessary	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-performance	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy	11 months	The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.

Suggestions

Latest

Featured Stories

Featured Stories

Follow Us

Whatsapp Channel

Latest News

Stay Informed!