Prime Business Africa

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Oando Plc's Share Price Rise By %1,286% In One Year, Market Cap Crosses N1trn

Who Will Save Oando?: Profit Crashes By 96%, Expenses Gulp 99% Of Revenue

February 5, 2026

Oando Plc is losing its revenue to the cost of production, and the turnover is also decreasing, leading to the company’s pretax profit crashing by 96.03 percent, according to Prime Business Africa’s analysis. The analysis showed that costs gulped 99.13

News·Top Stories

Opposition, Civil Society Warn Over Threat to Election Integrity After Senate Rejects Mandatory Real-Time Result Uploads

February 5, 2026

by Amanze Chinonye

Opposition parties and civil society groups have raised alarms over the Nigerian Senate’s rejection of mandatory real-time electronic transmission of election results, warning that the decision could undermine transparency and public confidence ahead of the 2027 general elections. The Senate,

Business

BDC Operators' Pound Rate Causing Gains, Loses For Nigerians

Business·Top Stories

Naira Appreciates Against Dollar, Pound, Euro In Official Market

February 4, 2026

The Nigerian foreign exchange market (NFEM) closed with N1,358.28 kobo per dollar being the official rate for the day on Wednesday, February 4. According

John Holt, CWG, Others End Nigerian Stock Market Losing Streak With N141.70bn Gain

Business·Top Stories

NGX Market Cap Rises By N1.36trn, Traders Exchange N20.56bn Shares

February 4, 2026

The market capitalisation of the Nigerian Exchange (NGX) increased by N1.36 trillion to N107.86 trillion on Wednesday, February 4, up from the N106.49 trillion

Stock Market Traders Favoured Ikeja Hotel Over Transcorp Hotels in 2025

Business·Top Stories

Nigerians Spent N81bn On Hotel Rooms In 2025

February 4, 2026

Over N81.33 billion was spent on hotel rooms in Nigeria in 2025, up from the N58.42 billion expended in 2024, representing a N22.90 billion

Naira Records Marginal Gain As External Reserves Hit $41.27bn In August

Business·Top Stories

Dollar Records Mixed Fortune In Parallel, Official Markets

February 3, 2026

On Tuesday, February 3, the United States dollar (USD) increased in value to N1,457.91 kobo per $1 in the black market, above the N1,454.99

The equity market closed in positive territory for the second time this week as stocks rose by 0.04%. Investors traded N15.07bn worth of shares.

Business·Top Stories

IMG, Union Dicon Lift NGX Market Cap By N332.48bn

February 3, 2026

Over N332.48 billion was gained in the Nigerian Exchange (NGX), also known as the stock market, on Tuesday, February 3, after the all-share index

Politics

News·Nigeria·Politics·Top Stories

Sanusi Rejects Move to Include Traditional Rulers in Constitution

February 4, 2026

The Emir of Kano, Alhaji Dr. Sanusi Lamido Sanusi, has rejected proposals to formally include traditional rulers in Nigeria’s Constitution, calling the move unnecessary and politically motivated. In a television interview, Sanusi said the authority of traditional rulers comes from the love and loyalty of their people, not legal recognition. “I am not bothered by this. Left to politicians, they

Odinaku Criticises Prof Bako's Inaugural Lecture On Igbos In History Of Intergroup Relations In Kano

Opinion·Politics·Top Stories

In the House of ‘My Lord’, There are Judgments – Odinkalu

February 1, 2026

By Chidi Anselm Odinkalu Abdul Leigh Balogun became a judge of the

Insights·Opinion·Politics·Top Stories

Reno, Sowore, and the Spirit of the Tinubu Era

January 31, 2026

By Valentine Obienyem Barr. Reno Omokri has become one of the most

Opinion·Politics

What manner of pastor is Yinka Yusuf?

January 30, 2026

By ETIM ETIM The founder of Lagos-based Household of Love Church,

Africa·FEATURES·Politics·Top Stories

Kenya 2027: What One Tweet Reveals About Ruto’s Poll Victory

January 30, 2026

In the sunlit streets of Kondele, Kisumu, President William Ruto addressed a

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

Telecom Tariff Hikes: The Business Struggle For SMEs In Nigeria

News·Nigeria·Technology·Top Stories

NCC Data Exposes Telecom Performances in Nigeria

January 30, 2026

New data from the Nigerian Communications Commission (NCC) has revealed stark differences in the performance of telecom networks across the country. The data highlighted

FEATURES·Technology·Top Stories

Will a Senate Probe Save Nigeria’s Dying Railway?

January 29, 2026

For years, Nigeria’s railways were meant to offer something the country desperately needed: a safe, fast way to move people and goods across a

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

Sport

Opinion·Sports·Top Stories

Giants Real Madrid Becoming Teeters

February 2, 2026

Ordinarily, there ought to be no big deal about Real Madrid or a strong reason to single them out of the hundreds of football teams in Europe. But lately, their uneasy dance towards weak displays, and their constant shift away from their natural, coordinated, and relentless dominance have now more clearly shown why they have had four managers in five

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

News·Sports·Top Stories·World News

Ex-Fifa President Backs US World Cup Boycott Over Security Concerns

January 27, 2026

Former Fifa president Sepp Blatter has urged football fans to reconsider travelling

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

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

Markets

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

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

Latest

Business·Top Stories

Who Will Save Oando?: Profit Crashes By 96%, Expenses Gulp 99% Of Revenue

February 5, 2026

Oando Plc is losing its revenue to the cost of production, and the turnover is also decreasing, leading to the company’s pretax profit crashing by 96.03 percent, according to Prime Business Africa’s analysis. The analysis showed that costs gulped 99.13 percent of

News·Top Stories

Opposition, Civil Society Warn Over Threat to Election Integrity After Senate Rejects Mandatory Real-Time Result Uploads

February 5, 2026

Opposition parties and civil society groups have raised alarms over the Nigerian Senate’s rejection of mandatory real-time electronic transmission of election results, warning that the decision could undermine transparency and public confidence ahead of the 2027 general elections. The Senate, on February

News·Security·Top Stories

Tinubu Deploys Army to Kwara After Terrorist Attack as Obi, Others Demand Action

February 5, 2026

President Tinubu has ordered the deployment of an army battalion to Kaiama Local Government Area of Kwara State following a deadly attack on Woro and surrounding communities, which has claimed at least 162 lives, with the toll expected to rise as search

Business·Top Stories

Naira Appreciates Against Dollar, Pound, Euro In Official Market

February 4, 2026

The Nigerian foreign exchange market (NFEM) closed with N1,358.28 kobo per dollar being the official rate for the day on Wednesday, February 4. According to data obtained from the Central Bank of Nigeria (CBN), the official rate dropped from the N1,372.91 kobo

Obi of Onitsha Igwe Alfred Nnaemeka Achebe

News·Nigeria·Top Stories

“We Need Stiffer Punishment for Women Beaters” – Obi of Onitsha

February 4, 2026

The Obi of Onitsha, Igwe Nnaemeka Alfred Ugochukwu Achebe, has called for harsher punishments for men who assault women, saying it would serve as a deterrent against further abuse. He made the call on Wednesday during a television interview. Speaking on the

News·Nigeria·Politics·Top Stories

Sanusi Rejects Move to Include Traditional Rulers in Constitution

February 4, 2026

The Emir of Kano, Alhaji Dr. Sanusi Lamido Sanusi, has rejected proposals to formally include traditional rulers in Nigeria’s Constitution, calling the move unnecessary and politically motivated. In a television interview, Sanusi said the authority of traditional rulers comes from the love

News·Nigeria

Emir of Kano Blames Governance Gaps for Girls Being Out of School

February 4, 2026

The Emir of Kano, His Highness Muhammadu Sanusi II, has identified structural challenges, rather than cultural factors, as the main barrier keeping many girls out of school in Nigeria. Speaking in a televised interview, Sanusi said the government’s failure to provide schools

Business·Top Stories

NGX Market Cap Rises By N1.36trn, Traders Exchange N20.56bn Shares

February 4, 2026

The market capitalisation of the Nigerian Exchange (NGX) increased by N1.36 trillion to N107.86 trillion on Wednesday, February 4, up from the N106.49 trillion reported on Tuesday, February 3. Also, the all-share index (ASI) appreciated to 168,030.18 ASI, from 165,901.57 ASI, representing a

Business·Top Stories

Nigerians Spent N81bn On Hotel Rooms In 2025

February 4, 2026

Over N81.33 billion was spent on hotel rooms in Nigeria in 2025, up from the N58.42 billion expended in 2024, representing a N22.90 billion or 39.20 percent increase, according to Prime Business Africa’s analysis. The amount is based on revenue generated by

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