Prime Business Africa

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Dollar Sold At N1,363/$ In Official Window, Trades Flat In Black Market

February 27, 2026

During trading in the black market on Friday, February 27, the foreign exchange (FX) rate for the United States dollar (USD) was N1,382.76 kobo per $1. According to Naira Rates, the black market aggregator, this is the same FX rate

Business·Top Stories

Sell Off In Meyer, Champion Brew Reduce NGX Market Cap By N475bn

February 27, 2026

by Prime Business Africa

The market capitalisation of the Nigerian Exchange (NGX), also known as the stock market, decreased by N475.62 billion to N123.76 trillion on Friday, February 27. According to the NGX, the market capitalisation dropped from the N124.23 trillion recorded on Thursday,

Alleged N76billion Arik Fraud Case: Avoid Misrepresentation Of Facts In Covering Court Proceedings – Justice Dada To Journalists

Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos, today admonished the media, especially the ones covering proceedings in

Arik Air: CBN Board Approved AMCON Takeover, EFCC Tells Court

The ongoing EFCC Arik case at the Special Offences Court sitting in Ikeja, Lagos State resumed on Wednesday February 25, after the

Business

Business·News

IFGreen Industries Switches to Solar, Commissions Hybrid Power System in Epe

February 27, 2026

IFGreen Industries & Investment Ltd has commissioned a Hybrid Solar Photovoltaic (PV) and Battery Energy Storage System (BESS) at its production facility in Epe,

MTN Shareholders, Karl Toriola Lose N581.57bn Within Three Days

Business·Top Stories

MTN Nigeria’s Voice Revenue Contribution Drops, Data Accounts For 53% Of Turnover

February 27, 2026

The voice turnover to MTN Nigeria’s total revenue dropped from 38.77 percent in 2024 to 35.55 percent in 2025, according to Prime Business Africa’s

FCCPC Clarifies One-Month Moratorium On Exploitative Pricing Amid Economic Challenges

Business·News·Nigeria·Top Stories

FCCPC Flags Possible Airline Price-Fixing During 2025 Christmas Season

February 26, 2026

Nigeria’s consumer protection agency has uncovered evidence suggesting some domestic airlines may have engaged in price fixing during the 2025 Christmas travel rush. In

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today

Business·Top Stories

Naira Appreciates Against Dollar In Black Market To N1,382/$1

February 26, 2026

Traders in the black market exchanged the United States dollar (USD) at N1,382.76 kobo per $1 in the black market on Thursday, February 26.

Business·Top Stories

Valuation Of Nigerian Stock Market Drops By Over N514bn

February 26, 2026

On Thursday, February 26, over N514.99 billion was wiped off the market capitalisation of the Nigerian Exchange (NGX), also known as the stock market.

Politics

News·Politics·Top Stories

Adamawa Governor Fintiri Swaps PDP for APC in Strategic Realignment

February 27, 2026

In a landmark political development, Governor Ahmadu Umaru Fintiri of Adamawa State has officially left the Peoples Democratic Party (PDP) to join the All Progressives Congress (APC), signalling a major shift in the state’s political landscape, Prime Business Africa reports. In a statewide broadcast on Friday, Fintiri said his cabinet and members of the PDP have moved with him to

News·Politics·Top Stories

State House Slams ADC, NNPP Over Criticism of Electoral Act Amendments

February 26, 2026

The Presidency on Thursday accused opposition parties, particularly the African Democratic Congress

News·Politics·Top Stories

Ogun 2027: Female APC Chieftain Declares Governorship Bid, Vows Continuity, Institutional Balance

February 26, 2026

A chieftain of the All Progressives Congress (APC) in Ogun State has

News·Politics·Security·Top Stories

Tinubu Calls for Constitutional Change to Allow State Police

February 26, 2026

President Bola Ahmed Tinubu has called on lawmakers to amend Nigeria’s constitution

News·Nigeria·Politics·Top Stories

2027: Odinkalu Questions Amupitan’s Ability to Deliver Credible Polls

February 25, 2026

Nigerian human rights lawyer, Chidi Odinkalu, has expressed doubts about the ability

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

US Denies Selling AI Chips to China Amid Security Concerns

February 25, 2026

A high-end Nvidia chip that can train and run artificial intelligence systems has not yet been sold to Chinese firms, a US Commerce Department

News·Nigeria·Technology·Top Stories

EU Funding Boosts Nigeria’s Internet Expansion Plans

February 19, 2026

Faster and more reliable internet could soon reach millions of Nigerians after the European Union pledged €22m to support the country’s fibre-optic expansion. The

Markets·News·Politics·Technology·Top Stories·World News

UK Factories Warn High Energy Costs Are Driving Businesses Overseas

February 18, 2026

Inside a glass factory in north-west England, molten glass pours through chutes and is blown into bottles in furnaces that burn around the clock.

Africa·News·Technology·Top Stories

Gabon Suspends Social Media Amid Rising Unrest

February 18, 2026

Gabon’s media regulator has ordered the suspension of social media platforms “until further notice,” citing content that it says is fuelling division and unrest

Business·News·Technology·Top Stories

Nigeria Reviews MTN Group’s Acquisition of IHS Towers Over Sector Impact

February 17, 2026

The Federal Government has said it will undertake a comprehensive assessment of the reported acquisition of IHS Towers by MTN Group, citing the strategic

Sport

Business·News·Sports

Stripe Explores Possible Deal for PayPal as Takeover Speculation Lifts Shares

February 24, 2026

Financial technology company Stripe is exploring a potential acquisition of PayPal or parts of its operations, Bloomberg News reported on Tuesday. The report said Stripe has conveyed early-stage interest in a transaction involving the digital payments firm, though deliberations remain preliminary and may not result in a formal offer. Both companies declined to comment, and Reuters said it was unable

FEATURES·Sports

Brain Drain in Nigerian Sports: Governance, Trust and the Ofili Question

February 21, 2026

When Favour Ofili confirmed her decision to switch allegiance to Turkey, the

News·Sports·Top Stories

18 Senegalese Fans Jailed After AFCON Final Disturbances in Morocco

February 19, 2026

A Moroccan court has sentenced 18 Senegalese football fans to prison terms

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

Opinion·Sports·Top Stories

Giants Real Madrid Becoming Teeters

February 2, 2026

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

Markets

Business·Markets·News·World News

Aston Martin to Cut 20% of Workforce Over Rising Losses

February 25, 2026

British luxury carmaker Aston Martin has announced plans to reduce its workforce by up to 20 percent, following widening annual losses linked to US

Currency·Finance & Economy·Markets·News·Nigeria·Top Stories

CPPE Warns Nigeria’s $6bn Capital Inflow Surge May Be Fragile Despite Rebound

February 24, 2026

Nigeria recorded a sharp increase in foreign capital inflows in the third quarter of 2025, but the Centre for the Promotion of Private Enterprise

Nigerian Stock Market Cap Extends Decline With N73.44bn Loss

Business·Markets·News

Ellah Lakes’ N235 Billion Public Offer Falls Flat: Investors to Receive Refunds

February 22, 2026

Ellah Lakes Plc’s ambitious N235 billion public offer has ended in disappointment, with the company announcing it will refund investors due to insufficient subscription.

Business·Markets·Top Stories

Week Ahead: Nigeria CPI Cools, US-Iran Talks & US PCE in Focus

February 19, 2026

By Lukman Otunuga In a welcome development for Nigeria’s economy, inflation unexpectedly slowed in January, with prices rising 15.1% year-on-year. This represented a slight

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,

Latest

Business·Top Stories

Dollar Sold At N1,363/$ In Official Window, Trades Flat In Black Market

February 27, 2026

During trading in the black market on Friday, February 27, the foreign exchange (FX) rate for the United States dollar (USD) was N1,382.76 kobo per $1. According to Naira Rates, the black market aggregator, this is the same FX rate for the

Business·Top Stories

Sell Off In Meyer, Champion Brew Reduce NGX Market Cap By N475bn

February 27, 2026

The market capitalisation of the Nigerian Exchange (NGX), also known as the stock market, decreased by N475.62 billion to N123.76 trillion on Friday, February 27. According to the NGX, the market capitalisation dropped from the N124.23 trillion recorded on Thursday, February 26.

Opinion

Promises, Not Power: Why the New IGP Disu Must Get It Right

February 27, 2026

A few days ago, President Bola Tinubu accepted the resignation of Inspector-General of Police Kayode Egbetokun and appointed Assistant Inspector-General Tunji Disu as acting IGP in a swearing-in ceremony at the State House, Abuja. The official line from the presidency is that

Business·News

IFGreen Industries Switches to Solar, Commissions Hybrid Power System in Epe

February 27, 2026

IFGreen Industries & Investment Ltd has commissioned a Hybrid Solar Photovoltaic (PV) and Battery Energy Storage System (BESS) at its production facility in Epe, Lagos, marking its transition from diesel-powered operations to renewable energy, Prime Business Africa reports. The agro-allied processing firm

Business·Top Stories

MTN Nigeria’s Voice Revenue Contribution Drops, Data Accounts For 53% Of Turnover

February 27, 2026

The voice turnover to MTN Nigeria’s total revenue dropped from 38.77 percent in 2024 to 35.55 percent in 2025, according to Prime Business Africa’s analysis. Although the voice revenue increased last year to N1.85 trillion, surpassing the N1.30 trillion earned from the

Finance & Economy·News·Top Stories

Nigeria’s GDP Grows by 4.07% in Q4 2025 – NBS

February 27, 2026

Nigeria’s Gross Domestic Product (GDP) expanded by 4.07 per cent year-on-year in real terms in the fourth quarter of 2025, according to the latest report released by the National Bureau of Statistics (NBS). The growth rate is higher than the 3.76 per

News·Top Stories

Court Voids Malami’s Bail, Orders Fresh Application, Remands Ex-AGF, Wife, Son in Kuje, Suleja

February 27, 2026

The trial of former Attorney-General of the Federation, Abubakar Malami (SAN), took a dramatic turn on Friday after a Federal High Court in Abuja nullified the bail earlier granted to him, ruling that it ceased to have effect following the reassignment of

News·Politics·Top Stories

Adamawa Governor Fintiri Swaps PDP for APC in Strategic Realignment

February 27, 2026

In a landmark political development, Governor Ahmadu Umaru Fintiri of Adamawa State has officially left the Peoples Democratic Party (PDP) to join the All Progressives Congress (APC), signalling a major shift in the state’s political landscape, Prime Business Africa reports. In a

News·Top Stories

Amnesty International Alleges Killings, Torture at Tiger Base in New Report

February 27, 2026

Amnesty International has accused operatives of the Tiger Base police unit in Owerri, Imo State, of unlawful killings, torture, extortion and prolonged illegal detention, calling on Nigerian authorities to immediately launch an independent investigation into the allegations, Prime Business Africa reports. The

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