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

Customs Service Explains Exchange Rate Process for Import, Export Valuation

February 17, 2026

The Nigeria Customs Service (NCS) has clarified that it does not independently determine or alter foreign exchange rates used for import and export valuation. According to a statement by Abdullahi Maiwada, Deputy Comptroller of Customs and National Public Relations Officer,

News·Top Stories

Tinubu Pledges Sustained Reforms, Hails Fintiri’s Projects During Adamawa Visit

February 17, 2026

by Amanze Chinonye

President Tinubu on Monday reaffirmed his administration’s commitment to sustaining economic reforms aimed at boosting prosperity and improving the livelihoods of Nigerians, as he commended Adamawa State Governor Ahmadu Umaru Fintiri for executing what he described as impactful development projects,

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·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.

Business·News·Nigeria·Top Stories

BUA Group Signs Strategic Partnership with UAE Firms

February 16, 2026

BUA Group has signed a strategic Memorandum of Understanding (MoU) with UAE-based AD Ports Group and MAIR Group in Abu Dhabi, in a deal

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

Jaiz Bank, Beta Glass Lead Gainers’ List As NGX Market Cap Rises By N5.10trn

February 16, 2026

At the end of trading in the Nigerian Exchange (NGX), also known as the stock market, on Monday, February 16, the market capitalisation of

Business·Top Stories

Rush For Palm Oil Stocks Creates New Trillion-naira Firms, Bumper Gains

February 16, 2026

The palm oil sector recorded a historical period in 2025, as the rush for the few producers on the Nigerian Exchange (NGX), also known

Politics

Opinion·Politics

El-Rufai’s Calculated Victimhood

February 17, 2026

Nasir El-Rufai, once a staunch member of the All Progressives Congress, surprised many by defecting to the African Democratic Congress. He said he left because the party had abandoned its founding ideals, engaged in selective accountability, sidelined loyal members, and allowed some politicians to pay for ministerial appointments practices he claimed he could not support. Nasir El-Rufai’s defection, formalised on

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

News·Nigeria·Politics·Top Stories

El-Rufai Faces Criminal Charges for Alleged Interception of NSA Ribadu’s Phone Calls

February 16, 2026

The Federal Government has initiated legal proceedings against Nasir El-Rufai, the former

FEATURES·Politics·Top Stories

Peter Obi’s 2027 Presidential Ambitions: A New Chapter in Nigerian Politics

February 16, 2026

Peter Obi’s decision to seek the presidency again in 2027 has re-energised

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

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

News

Customs Service Explains Exchange Rate Process for Import, Export Valuation

February 17, 2026

The Nigeria Customs Service (NCS) has clarified that it does not independently determine or alter foreign exchange rates used for import and export valuation. According to a statement by Abdullahi Maiwada, Deputy Comptroller of Customs and National Public Relations Officer, the exchange

News·Top Stories

Tinubu Pledges Sustained Reforms, Hails Fintiri’s Projects During Adamawa Visit

February 17, 2026

President Tinubu on Monday reaffirmed his administration’s commitment to sustaining economic reforms aimed at boosting prosperity and improving the livelihoods of Nigerians, as he commended Adamawa State Governor Ahmadu Umaru Fintiri for executing what he described as impactful development projects, Prime Business

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 of the Dangote Petroleum Refinery & Petrochemicals from 650,000 barrels per day (bpd) to 1.4 million bpd. The

Business·Insights·Markets·Opinion

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

February 17, 2026

The main fears and warnings of critics of the actions of Anambra governor, Professor Chukwuma Soludo about sit-at-home and closure of the Onitsha Main Market have now happened. In Anambra, fear and panic came back in full measure, while the State Police

Opinion·Politics

El-Rufai’s Calculated Victimhood

February 17, 2026

Nasir El-Rufai, once a staunch member of the All Progressives Congress, surprised many by defecting to the African Democratic Congress. He said he left because the party had abandoned its founding ideals, engaged in selective accountability, sidelined loyal members, and allowed some

Diaspora·News·Top Stories

4 Suspects Now in Custody Over Murder of Nigerian E-Hailing Driver in Pretoria

February 16, 2026

Four suspects are now in custody over the brutal killing of 22-year-old Nigerian e-hailing driver, Isaac David Satlat, whose body was discovered in Pretoria West last week, Prime Business Africa reports. Three suspects appeared before the Pretoria Magistrate’s Court on Monday, facing

Power·Top Stories

Aba Power Sets Standard for Nigeria’s Electricity Distributors – Abia Regulator

February 16, 2026

Aba Power, the electricity distribution company serving parts of Abia State in south-east Nigeria, has been described by the state’s regulator as the benchmark against which other power firms across the country should be judged. The Chairman of the Abia State Electricity

News·Top Stories

MCE, Civil Society, Labour Leaders to Stage Media Rally at NASS Over Electoral Reforms

February 16, 2026

The Movement for Credible Elections (MCE), a coalition of leaders of organised civil society and the labour movement, has announced plans to stage a media rally at the National Assembly Complex in Abuja on Tuesday as part of efforts to intensify pressure

News·Nigeria·Security·Top Stories·World News

US Freezes Assets of Eight Nigerians Over Links to Terrorism

February 16, 2026

The United States has frozen the assets and properties of eight Nigerians accused of having ties to the terrorist groups Boko Haram and the Islamic State of Iraq and the Levant (ISIL), the US Treasury confirmed. The sanctions were detailed in a

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