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Worries As Oil Price Crash, Low Production Threaten Nigeria’s 2025 Budget

Markets·Oil & Gas·Top Stories·World News

Iran Conflict Pushes South African Fuel Prices Sharply Higher

October 5, 2026

South Africa will raise petrol prices by more than 11% and diesel prices by up to 10% from Wednesday, as higher global crude oil and refined-product prices linked to the conflict between the United States and Iran drive up the

Port Harcourt Helicopter Crash: 2 More Bodies Recovered - NSIB

News·Nigeria·Top Stories

Nigeria Military Aircraft Crashes in Ondo State With 32 Aboard

October 5, 2026

by Amanze Chinonye

A Nigerian military aircraft carrying 25 passengers and seven crew members crashed near a naval base in southwestern Nigeria on Monday, Aviation and Aerospace Development Minister Festus Keyamo said, with search and rescue operations underway, Prime Business Africa reports. Keyamo

Wealth Without Access is Stranded Wealth – Opiva Capital Chairman

The Chairman of Optiva Capital Partners, Franklin Nechi, has called on African entrepreneurs, investors and families to move beyond traditional wealth accumulation

‘Naija Spirit’ Heads to Birnin Kebbi After UNILAG Outing

Nigerian poet and theatre maker Dike Chukwumerije has called for renewed civic engagement among young Nigerians as his production, Naija Spirit, continued

Business

Business News·Top Stories·World News

India, Switzerland Set Up Trade Group as EFTA Pact Enters Second Year

October 5, 2026

India and Switzerland have agreed to establish a special group to address trade and investment concerns and strengthen economic ties, as the two countries

Business News·Nigeria

Elumelu Raises Seplat Energy Stake to 21.07% With £53.2 Million Purchase

October 2, 2026

Nigerian billionaire Tony Elumelu has increased his stake in Seplat Energy to 21.07% after Heirs Energies, a company he controls, bought six million additional

Fuel Subsidy: World Bank Must Allow Africa’s Poor Breathe

Africa·Business News·Top Stories

World Bank Flags Taxes, Bribery as Constraints on Kenya Businesses

October 1, 2026

Kenya’s private sector faces higher costs and uncertainty from multiple taxes, regulatory hurdles and bribery, the World Bank said on Thursday, warning that the

Africa·Business News·Oil & Gas

Rwanda Expands Fuel Imports Through Mombasa under Kenya Deal

September 30, 2026

Rwanda has begun importing bulk refined petroleum products through Kenya’s Mombasa port under a new government-to-government arrangement aimed at diversifying its fuel supply routes

Africa·Business News·Top Stories

Ghana Wins $393 Million Tullow Tax Case, Weighs Impact on Oil Operations

September 30, 2026

Ghana has secured a ruling upholding a $393.1 million tax assessment against Tullow Ghana Limited, a decision that could affect the oil producer’s finances

Politics

Supreme Court Strikes Out Atiku, Obi’s Appeal Against PEPC Judgment In Favour Of Tinubu

News·Nigeria·Politics·Top Stories

Tinubu Hails Economic Turnaround as Atiku, Obi Challenge Prosperity Claims

October 2, 2026

Nigerian President Bola Ahmed Tinubu said on Thursday that the country had emerged from a difficult period of economic reforms and was entering an era of prosperity, while opposition presidential candidates Atiku Abubakar and Peter Obi used the 66th independence anniversary to challenge the government’s assessment of the economy and the living conditions of Nigerians, Prime Business Africa reports.

News·Nigeria·Politics·Top Stories

October 1: Nigeria Has Passed Through Its Own Red Sea, Prosperity Is Next – Tinubu

October 1, 2026

President Bola Ahmed Tinubu, in his Independence Day address to Nigerians on

Politics·Top Stories·World News

Vucic resigns as Serbia President, Seeks Return as Prime Minister

September 28, 2026

Serbian President Aleksandar Vucic has resigned seven months before the end of

News·Nigeria·Politics·Top Stories

INEC Reaffirms Neutrality Ahead of 2027 Elections

September 28, 2026

Nigeria’s electoral commission has no preferred candidate or political party for the

Africa·News·Politics·Top Stories

South Sudan President Signs Election Law Ahead of December Vote

September 22, 2026

South Sudan President Salva Kiir has signed amendments to the country’s election

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

Data & Infographics·News·Nigeria·Technology·Top Stories

Thales to Build Nigeria Satellite with Broad African Communications Footprint

September 30, 2026

Nigeria is adding a new geostationary communications satellite to its space infrastructure, with Thales Alenia Space contracted to build NigComSat-2A to deliver broadband, broadcasting

Finance & Economy·News·Nigeria·Technology·Top Stories

Nigeria Launches Digital Free-Zone Push to Attract Technology Companies

September 18, 2026

Nigeria has licensed its first Digital Free Zone, Itana, as part of government efforts to attract technology companies, investment and high-value services and encourage

Africa·News·Technology

Kenya court nullifies $1.6 billion Safaricom Stake Sale

September 16, 2026

Kenya’s High Court has declared the government’s sale of a 15% stake in Safaricom Plc to Vodacom Group invalid and ordered the shares returned

Technology·Top Stories·World News

Microsoft AI Drafts Code to Keep Models Under Human Control

September 15, 2026

Microsoft AI on Monday published a draft code of conduct requiring its in-house artificial intelligence models to remain under human control, as concerns grow

Business News·Technology·Top Stories·World News

Samsung Shares Slide 8% as Record Return Plan Disappoints Investors

August 24, 2026

Shares of Samsung Electronics fell more than 8% in early trading on Monday after investors reacted negatively to the South Korean technology giant’s record

Sport

Sports·Top Stories·World News

Kenya Makes history as Africa Lands First World Athletics Championships

September 15, 2026

Nairobi and Munich have been selected to host the 2029 and 2031 World Athletics Championships, respectively, bringing the sport’s flagship global event to Africa for the first time, Prime Business Africa reports. The World Athletics Council made the decision at its 242nd meeting in Budapest on Tuesday, selecting Nairobi for the 2029 championships before the event returns to Germany two

Africa·News·Sports·Top Stories

Nairobi Enters Race to Host 2029 World Athletics Championships

August 11, 2026

Nairobi has formally submitted its bid to host the 2029 World Athletics

News·Sports·World News

Moroccan Football Prospect Dies in Attempted Sea Crossing to Spain

August 7, 2026

Moroccan footballer Faten Ben Amar El Azizi, 20, died while attempting to

News·Sports·Top Stories·World News

7-Foot-6 Australian Teenager Jongkuch Mach Emerges Basketball’s Latest Global Sensation

July 31, 2026

An Australian teenager with a rare physical profile is attracting global attention

Opinion·Sports·Top Stories

World Cup that Ate the world – The Good, the Bad, the Bizarre… and the VAR

July 20, 2026

By Jude Dike There are World Cups. Then, there are World Cups

Markets

Business News·Markets·Top Stories·World News

India-New Zealand Free Trade Agreement to Take Effect on Oct. 20

September 21, 2026

India and New Zealand’s free trade agreement (FTA) will take effect on Oct. 20, giving Indian exporters duty-free access to the New Zealand market

Business News·Markets·Top Stories

UBA Opens Subscription Channel for Dangote Refinery IPO, Invites Investors to Participate

September 14, 2026

Africa’s Global Bank, United Bank for Africa (UBA) Plc, has been named as an authorised financial institution through which eligible investors can subscribe to

Business News·Markets·Top Stories

Top 5 Best-Performing Industrial Goods Stocks In Q1 2026

June 24, 2026

Shareholders in Nigeria’s industrial goods sector recorded massive returns in the first quarter of 2026, with nine out of 11 listed companies posting double-digit

Business News·Markets·Top Stories

Naira Weakens Against Dollar, Gains On Pound, Euro In Official Market

June 11, 2026

On Thursday, the official foreign exchange (FX) rate for the United States dollar (USD) increased by N1.77 kobo in the Nigerian foreign exchange market

How Investments In Nigerian Pharmaceutical Shares Performed In Q1 2026

Business News·Markets·Top Stories

Q1 2026: Four Pharma Stocks Reward Investors, One Bleeds N14.8bn

June 11, 2026

Only one of five pharmaceutical firms listed on the Nigerian Exchange saw shareholders’ investment shrink in Q1 2026. The other four delivered gains totaling

Latest

Markets·Oil & Gas·Top Stories·World News

Iran Conflict Pushes South African Fuel Prices Sharply Higher

October 5, 2026

South Africa will raise petrol prices by more than 11% and diesel prices by up to 10% from Wednesday, as higher global crude oil and refined-product prices linked to the conflict between the United States and Iran drive up the cost of

News·Nigeria·Top Stories

Nigeria Military Aircraft Crashes in Ondo State With 32 Aboard

October 5, 2026

A Nigerian military aircraft carrying 25 passengers and seven crew members crashed near a naval base in southwestern Nigeria on Monday, Aviation and Aerospace Development Minister Festus Keyamo said, with search and rescue operations underway, Prime Business Africa reports. Keyamo said air

Business News·Top Stories·World News

India, Switzerland Set Up Trade Group as EFTA Pact Enters Second Year

October 5, 2026

India and Switzerland have agreed to establish a special group to address trade and investment concerns and strengthen economic ties, as the two countries mark one year since the India-European Free Trade Association (EFTA) Trade and Economic Partnership Agreement (TEPA) took effect.

Africa·News·Top Stories

Ethiopia Reasserts Nile, Red Sea Interests as Horn Tensions Escalate

October 5, 2026

Ethiopia on Monday reaffirmed its interests in the Nile and Red Sea, saying its geographic and historical ties to the two waterways could not be altered by political pressure, coercion or destabilisation. The statement by Ethiopia’s Ministry of Foreign Affairs came

States' Allocation To Increase By 69% In 2024, Yet Borrowing Persists

Africa·Finance & Economy·News·Top Stories

Kenya’s $12.5 Billion Funding Gap Deepens Borrowing Pressure

October 5, 2026

Kenya is facing growing pressure from higher financing costs as limited access to concessional funding forces developing economies to rely more heavily on expensive sources of capital, according to a report by ONE Data, supported by the Rockefeller Foundation. The report,

News·Nigeria

Nigeria’s Future Hinges on Accountable Leadership, Active Citizenship – Obaze

October 5, 2026

Nigeria’s former Secretary to the Anambra State Government, Oseloka Obaze, has called for stronger accountability, inclusive governance and greater citizen participation, saying the country’s 66 years of independence had yet to deliver the secure and prosperous society Nigerians aspire to, Prime Business

Africa·FEATURES·Oil & Gas

Transparency Questions Cloud Dangote’s $16bn Lamu Refinery Project

October 4, 2026

A $16 billion oil refinery planned by Nigerian billionaire Aliko Dangote in Kenya is facing growing scrutiny over ownership, government commitments and transparency, days after construction formally began. Dangote and Kenyan President William Ruto broke ground on the proposed refinery in

Africa·News·Top Stories

Egypt Uses AU Summit to Push Trade, Investment Across Africa

October 4, 2026

Egyptian President Abdel Fattah El-Sisi used an African Union summit in Egypt to push for faster continental economic integration, holding talks with South African President Cyril Ramaphosa and other African leaders on expanding trade, investment and development cooperation on Sunday, Oct. 4,

SERAP sues Tinubu, govs over cybercrime law abuse

News·Nigeria·Top Stories

SERAP Urges Tinubu to Probe Alleged ₦94.4 Billion Petroleum Funds Irregularities

October 4, 2026

The Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu to order an investigation into more than 94.4 billion naira in petroleum-sector revenues and gas-flaring penalties flagged by the Auditor-General of the Federation, Prime Business Africa reports. SERAP said the

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