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CBN Further Raises Benchmark Interest Rate To 27.25%

CBN Allows Use of Expired Drug Licences

January 28, 2026

Nigeria’s central bank has approved a temporary measure allowing importers to use expired drug regulatory licences to process import documentation, in a move aimed at preventing disruption to trade. The Central Bank of Nigeria (CBN) said licences issued by the

Business·News·Top Stories

NNPC Raises Petrol Prices to ₦835 in Lagos, ₦839 in Abuja Amid Market-Driven Adjustments

January 28, 2026

by Amanze Chinonye

The Nigerian National Petroleum Company Limited (NNPCL) has raised petrol prices at its retail outlets in Lagos and Abuja, citing market forces as the main driver behind the adjustments. Motorists in Lagos now pay ₦835 per litre, up ₦50 from

Business

Business·News·Top Stories

Sachet Alcohol Crisis: MAN, Labour Unions Fault NAFDAC Over Ban, Warn of Job Losses

January 28, 2026

The Manufacturers Association of Nigeria (MAN) and labour unions in the food and beverage sector have faulted the National Agency for Food and Drug

Naira vs Dollar: What To Expect This Week (31st March – 5th April 2025)

Business·Top Stories

Dollar, Pound, Euro Rates Drop In Official Market

January 27, 2026

At the end of trading on Tuesday, January 27, the foreign exchange (FX) rate for the dollar decreased to N1,409.5 kobo per $1 in

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

NGX Market Cap Grows By N125.64bn

January 27, 2026

Over N125.64 billion was gained in the Nigerian Exchange (NGX), also known as the stock market, on Tuesday, January 27, as the market capitalisation

Cement Prices: House Of Reps Members’ Comments ‘Very Unfair’ To Investors - CPPE

Business·Top Stories

Cement Companies With Highest Valuation In Nigeria In 2025

January 27, 2026

The valuation of the cement companies on the Nigerian Exchange (NGX), also known as the stock market, increased by 49.67 percent or N6.13 trillion

Business·News·Personal Finance·Top Stories

PayPal Returns to Nigeria Through Paga, Unlocks Inbound Payments After Two Decades

January 27, 2026

PayPal has re-entered Nigeria through a partnership with local fintech firm Paga, enabling Nigerians to receive international payments via PayPal for the first time

Politics

Emergency Rule In Rivers: Fubara Urges Residents To Remain Peaceful, Law-abiding

Nigeria·Politics·Top Stories

Fubara Denies Backing ADC Candidates Ahead of Bye-election

January 28, 2026

The governor of Rivers State, Siminalayi Fubara, has denied claims that he is supporting candidates from a rival party ahead of a forthcoming state assembly bye-election. Mr Fubara said reports suggesting he was backing the African Democratic Congress (ADC) were false, insisting he remained fully committed to the ruling All Progressives Congress (APC). The bye-election, scheduled for 21 February, is

Wike Highlights Why PDP May Lose Winning Chances In 2027

News·Politics·Top Stories

NLC Urges FCT Workers to Defy Wike, Continue Strike

January 28, 2026

Nigeria’s main labour union has instructed workers in the capital, Abuja, to

News·Nigeria·Politics·Top Stories

Kano Governor Resigns from NNPP as Kwankwaso Hits Back

January 23, 2026

Kano State Governor Abba Kabir Yusuf has formally resigned from the New

News·Politics·Top Stories

Tinubu Hosts Olubadan of Ibadanland at Presidential Villa

January 23, 2026

President Tinubu on Friday received the Olubadan of Ibadanland, Oba Rashidi Adewolu

News·Politics·Top Stories

Tinubu Approves Three Key Ambassadorial Postings

January 23, 2026

Nigeria’s President Bola Tinubu has approved the posting of three ambassadors 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

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

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 to the United States for this year’s World Cup, citing concerns over security and recent incidents linked to immigration enforcement. Mr Blatter said he agreed with comments by Swiss anti-corruption lawyer Mark Pieth, who has publicly questioned whether supporters would be safe attending matches in the US. “I

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

News·Sports·Top Stories

Tinubu Congratulates Super Eagles on AFCON 2025 Bronze Medal Triumph

January 18, 2026

President Tinubu has congratulated Nigeria’s senior men’s national football team, the Super

Insights·Opinion·Sports

Nigeria–Morocco, AFCON 2025: A Semi-Final Decided by Margins, Pressure, and Perspective

January 17, 2026

By Paul Lucky Okoku (Former Nigerian International Footballer | Football Analyst) When

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·News·Nigeria·Top Stories

CBN Allows Use of Expired Drug Licences

January 28, 2026

Nigeria’s central bank has approved a temporary measure allowing importers to use expired drug regulatory licences to process import documentation, in a move aimed at preventing disruption to trade. The Central Bank of Nigeria (CBN) said licences issued by the National Agency

Business·News·Top Stories

NNPC Raises Petrol Prices to ₦835 in Lagos, ₦839 in Abuja Amid Market-Driven Adjustments

January 28, 2026

The Nigerian National Petroleum Company Limited (NNPCL) has raised petrol prices at its retail outlets in Lagos and Abuja, citing market forces as the main driver behind the adjustments. Motorists in Lagos now pay ₦835 per litre, up ₦50 from ₦785, while

Nigeria·Politics·Top Stories

Fubara Denies Backing ADC Candidates Ahead of Bye-election

January 28, 2026

The governor of Rivers State, Siminalayi Fubara, has denied claims that he is supporting candidates from a rival party ahead of a forthcoming state assembly bye-election. Mr Fubara said reports suggesting he was backing the African Democratic Congress (ADC) were false, insisting

Business·News·Top Stories

Sachet Alcohol Crisis: MAN, Labour Unions Fault NAFDAC Over Ban, Warn of Job Losses

January 28, 2026

The Manufacturers Association of Nigeria (MAN) and labour unions in the food and beverage sector have faulted the National Agency for Food and Drug Administration and Control (NAFDAC) over its renewed enforcement of the ban on alcoholic beverages sold in sachets and

News·Nigeria·Top Stories

Nigeria to Move Cannabis Farmers Into Legal Crops

January 28, 2026

Nigeria’s anti-drugs agency has launched a pilot programme aimed at persuading cannabis farmers to abandon illegal cultivation and switch to legal, profitable crops The National Drug Law Enforcement Agency (NDLEA) unveiled the initiative on Tuesday in the south-western state of Ondo, describing

News·Nigeria·Power·Top Stories

Nigeria Grid Collapse Traced to Gombe Substation Fault

January 28, 2026

Nigeria’s electricity grid disruption on Tuesday was caused by a voltage disturbance at a transmission substation in the north-eastern state of Gombe, the country’s system operator has said. In a statement, the Nigerian Independent System Operator (NISO) said the incident did not

News·Politics·Top Stories

NLC Urges FCT Workers to Defy Wike, Continue Strike

January 28, 2026

Nigeria’s main labour union has instructed workers in the capital, Abuja, to continue their strike action, despite a court order directing them to return to work. In a circular issued on Tuesday, the Nigeria Labour Congress (NLC) told its affiliate unions in

News·Top Stories·World News

South Korea’s Former First Lady Jailed for Church Bribery

January 28, 2026

South Korea’s former first lady, Kim Keon Hee, has been sentenced to 20 months in prison for accepting bribes linked to the controversial Unification Church. The Seoul Central District Court ruled on Wednesday that Ms Kim, 52, had abused her position by

Diaspora·News·Oil & Gas·Top Stories

UK Court Puts Alison-Madueke on Trial Over Alleged Oil-Sector Bribes

January 28, 2026

Former Nigerian Minister of Petroleum Resources, Diezani Alison-Madueke, on Tuesday appeared before a London court and entered a not-guilty plea to multiple bribery charges linked to her time at the helm of Nigeria’s oil sector, Prime Business Africa reports. Opening the case

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