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Providus-Unity Bank merger stalled over insider credits

February 17, 2026

By ETIM ETIM Negotiations over the proposed merger of Providus Bank and Unity Bank have been stalled over the huge amount of insider credits owed by the directors of Unity Bank. The exact amount of the loan is not clear,

Naira Falls Against Dollar In Black Market As Demand Increases In FX Market

Business·Top Stories

Naira Appreciates Against Dollar, Pound, Euro In Black Market

February 17, 2026

by Prime Business Africa

The foreign exchange (FX) rate of the United States dollar (USD) decreased to N1,398.79 kobo per $1 in the black market on Tuesday, February 17. Naira Rates, the black market aggregator, said the price for the USD dropped from N1,444.88

Nigeria Customs Vows To Intensify Action Against Smugglers After Seizing ₦1.28bn Illegal Items

Customs Service Explains Exchange Rate Process for Import, Export Valuation

The Nigeria Customs Service (NCS) has clarified that it does not independently determine or alter foreign exchange rates used for import and

‘CBN’s Interest Rate Remains High, Choking Businesses’

Soludo’s New Market Design: Why Onitsha Traders Must Tread Carefully

The main fears and warnings of critics of the actions of Anambra governor, Professor Chukwuma Soludo about sit-at-home and closure of the

Business

Business·Top Stories

Zenith Bank, Skyway Aviation Drag Down NGX Market Cap By N577.40bn

February 17, 2026

The market capitalisation of the Nigerian Exchange (NGX), also known as the stock market, decreased to N121.55 trillion on Tuesday, February 17, from the

Business·Top Stories

FX Losses, Rising Expenses Weigh on Guinea Insurance As Profit Plunges By 66%

February 17, 2026

In 2025, Guinea Insurance was able to up its revenue by 3.20 percent, but the single-digit growth was not enough to save its bottom

Business·Markets·News·Nigeria·Top Stories

Soludo Seals Shops for Two Weeks over Monday Sit-at-Home

February 17, 2026

The Anambra State Government has sealed dozens of shops at two major markets in Idemili North council area after traders failed to open for

Business·News·Top Stories

Dangote Signs $400m Equipment Deal to Fast-Track Refinery Expansion

February 17, 2026

Dangote Group has signed a $400 million construction equipment agreement with XCMG Construction Machinery Co., Ltd. as part of plans to accelerate the expansion

Business·Top Stories

Black Market, Official Window FX Rates Gap Widens By N100

February 16, 2026

The gap between the black market and the official window widened to N100.88 kobo on Monday, February 16, from N49.58 kobo on Friday, February 13.

Politics

News·Nigeria·Politics·Top Stories

Senate Passes New Electoral Act After Row Over Electronic Results Clause

February 17, 2026

Senate has passed the Electoral Act 2022 (Repeal and Re-Enactment) Bill 2026 after a tense and sometimes chaotic debate over a key provision on the electronic transmission of election results. Proceedings were disrupted when opposition lawmaker Enyinnaya Abaribe demanded a formal vote on Clause 60, which deals with how results should be transmitted if electronic systems fail. Senate President Godswill

Criminalising Refusal To Sing Anthem Not Our Priority – Lawyer

News·Politics·Top Stories

Lawmakers, Protesters Lock Horns as Electoral Reform Battle Intensifies

February 17, 2026

Tension gripped the House of Representatives on Tuesday as lawmakers clashed over

Opinion·Politics

El-Rufai’s Calculated Victimhood

February 17, 2026

Nasir El-Rufai, once a staunch member of the All Progressives Congress, surprised

News·Politics

Senator Natasha Protests Exclusion from Key Senate Committee

February 16, 2026

Senator Natasha Akpoti-Uduaghan, representing Kogi Central, has raised concerns over what she

Africa·News·Nigeria·Politics·Top Stories

Tinubu Urges Release of South Sudan Vice-President

February 16, 2026

President Bola Tinubu has called for the immediate and unconditional release 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·Technology·Top Stories·World News

Russia Cuts Off WhatsApp Access in Sweeping Push for State-Controlled Messaging Platform

February 12, 2026

WhatsApp says the Russian government has moved to “fully block” its encrypted messaging service across the country, in what appears to be a coordinated

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

Sport

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 Kingdom after suffering a catastrophic brain stem injury, prompting an outpouring of tributes from teammates, supporters and members of the Nigerian community. Adeniji, a winger for Kings Park Rangers FC, a grassroots club based in Halstead, Essex, passed away in hospital on Friday, February 6, 2026, after spending

Opinion·Sports·Top Stories

Giants Real Madrid Becoming Teeters

February 2, 2026

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

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

Markets

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,

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

Latest

Opinion

Providus-Unity Bank merger stalled over insider credits

February 17, 2026

By ETIM ETIM Negotiations over the proposed merger of Providus Bank and Unity Bank have been stalled over the huge amount of insider credits owed by the directors of Unity Bank. The exact amount of the loan is not clear, but a

Business·Top Stories

Naira Appreciates Against Dollar, Pound, Euro In Black Market

February 17, 2026

The foreign exchange (FX) rate of the United States dollar (USD) decreased to N1,398.79 kobo per $1 in the black market on Tuesday, February 17. Naira Rates, the black market aggregator, said the price for the USD dropped from N1,444.88 kobo/$1 recorded

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, easing tensions that had surged following President Donald Trump’s recent threats. Iranian Foreign Minister Abbas Araghchi said “a

News·Nigeria·Security·Top Stories

Nigeria Defence Chief Confirms Arrival of 100 US Troops for Counter-Terrorism Support

February 17, 2026

Nigeria’s military has confirmed the arrival of 100 United States personnel and equipment in the country, saying they landed at an airfield in Bauchi State as part of a new security cooperation agreement between Abuja and Washington. In a statement, the Defence

News·Nigeria·Politics·Top Stories

Senate Passes New Electoral Act After Row Over Electronic Results Clause

February 17, 2026

Senate has passed the Electoral Act 2022 (Repeal and Re-Enactment) Bill 2026 after a tense and sometimes chaotic debate over a key provision on the electronic transmission of election results. Proceedings were disrupted when opposition lawmaker Enyinnaya Abaribe demanded a formal vote

Business·Top Stories

Zenith Bank, Skyway Aviation Drag Down NGX Market Cap By N577.40bn

February 17, 2026

The market capitalisation of the Nigerian Exchange (NGX), also known as the stock market, decreased to N121.55 trillion on Tuesday, February 17, from the N122.12 trillion recorded on Monday, February 16. This represents a decline of N577.40 billion in the market capitalisation,

FEATURES·World News

Epstein files: How New Disclosures Are Shaking Washington

February 17, 2026

Former US Secretary of State Hillary Clinton has accused the administration of Donald Trump of a “cover-up” over its handling of files linked to the late financier and convicted sex offender Jeffrey Epstein, as a fresh wave of disclosures continues to unsettle

Business·Top Stories

FX Losses, Rising Expenses Weigh on Guinea Insurance As Profit Plunges By 66%

February 17, 2026

In 2025, Guinea Insurance was able to up its revenue by 3.20 percent, but the single-digit growth was not enough to save its bottom line from plunging, as expenses and its inability to improve foreign exchange (FX) and investment gains weighed on

News·Nigeria·Security·Top Stories

EFCC Detains El-Rufai Over Corruption Allegations

February 17, 2026

Former Kaduna State Governor and African Democratic Congress (ADC) chieftain, Mallam Nasiru El-Rufai, has been detained by the Economic and Financial Crimes Commission (EFCC) in Abuja, amid ongoing investigations into alleged financial mismanagement during his eight-year tenure from 2015 to 2023. Highly placed

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