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OPay Revenue More Than Doubles Ahead of Proposed US IPO

October 10, 2026

Nigerian fintech OPay recorded a sharp increase in earnings in the first half of 2026, with revenue climbing to $467.1 million as the digital payments provider moves towards a proposed listing on the New York Stock Exchange. Revenue for the

U.S. Imposes Sanctions on ICC, Escalating Clash Over International Justice

October 10, 2026

by Amanze Chinonye

The United States imposed sanctions on the International Criminal Court on Friday, escalating its confrontation with the tribunal just hours after former ICC judge Navi Pillay was awarded the Nobel Peace Prize for her work in international justice. The

Business

US Kicks Off $22m Project To Improve Cocoa Value Chain In Nigeria

Africa·Agro-Economy·Business News·Top Stories

Ghana Cocoa Regulator Raises $288 Million in Domestic Debt to Fund Purchases

October 8, 2026

Ghana’s cocoa regulator has raised 3.39 billion cedis ($288.02 million) from a short-term domestic debt sale, giving it additional liquidity to finance cocoa purchases

Africa·Business News·Top Stories

Zimbabwe Exporters Target Namibia in Push for New Markets, Business Partnerships

October 7, 2026

Zimbabwean exporters began a three-day trade mission in Namibia on Wednesday, seeking new buyers, distributors and commercial partners as Harare steps up efforts to

Africa·Business News·Top Stories

Ghana, Egypt Target Trade and Investment Growth in Pharmaceuticals, Infrastructure

October 6, 2026

Ghana and Egypt are seeking to expand bilateral trade and investment, with pharmaceuticals, infrastructure and defence emerging as priority sectors for closer economic cooperation,

Africa·Business News·Oil & Gas·Top Stories

Kenyan Investors Gain Access to Dangote Refinery IPO through GDRs

October 6, 2026

Kenyan investors will be able to participate in Dangote Petroleum Refinery & Petrochemicals’ Nigerian initial public offering through global depository receipts (GDRs), Kenya’s Capital

Business News·Opinion·Top Stories

Lithium: New Oil, Same Curse?

October 6, 2026

The United Nations has recently announced that it selected Nigeria, alongside Guinea, Indonesia, Madagascar, Zambia and Zimbabwe, as one of the first countries to

Politics

Africa·News·Politics·Top Stories

Mauritania Prime Minister Resigns With Government, Asked to Form New Cabinet

October 9, 2026

Mauritania’s Prime Minister El Moctar Ould Djay submitted his government’s resignation on Friday and was immediately tasked by President Mohamed Ould Cheikh El Ghazouani with forming a new cabinet, days after an independent inquiry into fires at two electricity substations in the capital recommended measures to address administrative failures. The prime minister presented the resignation at the Presidential Palace

Africa·News·Politics·Top Stories

Uganda to Hold 64th Independence Day Celebrations Virtually

October 7, 2026

Uganda will hold its 64th Independence Day celebrations virtually from State House

Africa·News·Politics·Top Stories

Ruto, AU Congratulate Abiy on Re-election as Ethiopian Prime Minister Begins Second Term

October 6, 2026

Ethiopian Prime Minister Abiy Ahmed began a second five-year term on Monday,

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

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

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

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

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

Latest

Business News·Top Stories

OPay Revenue More Than Doubles Ahead of Proposed US IPO

October 10, 2026

Nigerian fintech OPay recorded a sharp increase in earnings in the first half of 2026, with revenue climbing to $467.1 million as the digital payments provider moves towards a proposed listing on the New York Stock Exchange. Revenue for the six months

U.S. Imposes Sanctions on ICC, Escalating Clash Over International Justice

October 10, 2026

The United States imposed sanctions on the International Criminal Court on Friday, escalating its confrontation with the tribunal just hours after former ICC judge Navi Pillay was awarded the Nobel Peace Prize for her work in international justice. The sanctions, announced

Africa·Health·News

Zambia, US Sign $2.49 Billion Health Deal After Data Dispute

October 10, 2026

Zambia and the United States have signed a five-year, $2.49 billion health financing agreement after revising contentious provisions on patient data and biological specimen sharing. The agreement provides for $1.52 billion in U.S. funding, while Zambia has committed $975 million in additional

Insights·News·Nigeria

China Urges Nigerian Media to Reflect Beijing’s Position on Taiwan

October 10, 2026

China has urged Nigerian media organisations to avoid describing Taiwan as a sovereign state separate from China, while offering journalists training, professional exchanges and visits to the country during a meeting with senior media executives in Lagos. Xu Fan, director of

Africa·News·Politics·Top Stories

Mauritania Prime Minister Resigns With Government, Asked to Form New Cabinet

October 9, 2026

Mauritania’s Prime Minister El Moctar Ould Djay submitted his government’s resignation on Friday and was immediately tasked by President Mohamed Ould Cheikh El Ghazouani with forming a new cabinet, days after an independent inquiry into fires at two electricity substations in the

Africa·News·Security

Ghana Rescues 120 Suspected Trafficking Victims in Scam Centre Raid

October 9, 2026

Ghanaian authorities said they had arrested eight suspects and rescued 120 suspected trafficking victims in a raid on alleged scam centres, following an FBI announcement that more than 130 people had been arrested or detained in an operation targeting fraud against Americans.

Africa·News·Top Stories

South Africa Withdraws Asylum Directive After Anti-Migrant Violence

October 9, 2026

South Africa has withdrawn a directive facilitating asylum applications after anti-immigration protests turned violent in Durban and Johannesburg, with at least 24 vehicles torched and businesses looted, police said. The Department of Home Affairs said on Friday it had withdrawn the directive

Minimum Wage Decision Expected as Nigerian Labour Leaders Await President's Response ABUJA, NIGERIA – The discussions on the new minimum wage between the Federal Government and Organized Labour are anticipated to conclude today, with labour leaders keenly awaiting President Bola Tinubu's verdict on their N250,000 proposal. The Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) had set a Monday deadline for finalizing the new minimum wage talks. Last Friday, the Tripartite Committee on National Minimum Wage concluded its meetings where the Federal Government and the Organized Private Sector agreed on N62,000, while Labour demanded N250,000. However, the Nigeria Governors Forum declared that any minimum wage exceeding N60,000 would be unsustainable. A labour leader who spoke anonymously on Sunday stated, "We have submitted the report to the president and are waiting for him to make his decision. That is the most important thing and that is what we are all waiting for." The labour leaders, including NLC President Joe Ajaero, are currently attending a labour conference organized by the International Labour Organisation in Geneva, Switzerland. The leadership plans to hold a National Executive Council meeting upon their return, where a decision on a potential strike will be made based on the president's feedback. "We must come back from Geneva first before we can hold a NEC meeting. We are also trying to be careful so the government won't say Labour is inciting citizens against it. We are waiting for the president's decision," added another top NLC official. The labour unions, comprising the NLC and TUC, recently embarked on a two-day nationwide strike to demand a new minimum wage and the reversal of the electricity tariff hike. The strike was suspended for five days after a commitment was made with the Federal Government to resume negotiations and establish a new minimum wage within a week. Following a six-hour meeting between labour leaders and the National Assembly in Abuja, President Tinubu directed the finance minister, Wale Edun, to present the cost implications of a new minimum wage within two days. The finance minister, alongside the Minister of Budget and National Planning, Atiku Bagudu, presented the cost implications at the Presidential Villa on Thursday. The president is currently reviewing the proposal and is expected to make an official announcement soon. When asked about the Monday ultimatum, a source within the NLC said, "We have sent a report to the committee and are expecting the president to act on it. We will hold a National Executive Council meeting regarding the ultimatum when we return from Geneva. It is very important for us to be there, but right now, we are patiently waiting for the decision of Mr President." Organized Labour's recent actions underscore the urgency and importance of establishing a new minimum wage for Nigerian workers. The outcome of President Tinubu's decision will be crucial in determining the next steps for both the government and the labour unions. Related News: Atiku claims to have saved Tinubu's political career Debating the appropriate wage for workers Labour criticizes governors for minimum wage stance The labour leaders and the nation await the president's decision, which will significantly impact the economic and social landscape of Nigeria.

Labour·News·Nigeria·Top Stories

Nigeria Labour Congress Gives Government Two Weeks to Cut Petrol Prices, Resume Wage Talks

October 9, 2026

The Nigeria Labour Congress (NLC) has given the federal government two weeks to reduce petrol prices, begin negotiations for a new national minimum wage and implement outstanding agreements with workers, warning that failure to meet its demands could lead to further industrial

Africa·News·Oil & Gas·Top Stories

Cape Town to Host African Energy Week 2026 from October 12

October 9, 2026

More than 10,000 delegates are expected in Cape Town from October 12 to 16 for African Energy Week (AEW) 2026, where African governments, energy companies and international investors will discuss financing, partnerships and developments across the continent’s energy sector, Prime Business Africa

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