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Chinese Embassy Denies U.S. Allegations of Illegal Mining, Terror Funding in Nigeria

February 13, 2026

The Chinese Embassy in Nigeria has dismissed as “completely baseless” allegations that Chinese companies are involved in illegal mining operations in Nigeria and funding armed groups through protection payments. In a statement issued by its spokesperson, the Embassy expressed “firm

Naira Appreciates, Ends Week Positive Across Official, Black Markets

Business·Top Stories

Dollar Rate Drops To N1,404/$ In Black Market, Rises To N1,355/$ In Official Window

February 13, 2026

by Prime Business Africa

The black market on Friday, February 13, saw traders exchange the United States dollar (USD) at N1,404.99 kobo per USD, compared to the N1,444.88 kobo/$1 recorded on Thursday, February 12. Based on the data obtained from Naira Rates, the black

Senate U-Turn or Smoke Screen? Loopholes in Electoral Reform Persist

Amid sustained public backlash and protests, the Senate’s tense and at times rowdy sitting to revisit the electronic transmission of election results

Opinion: Why Afreximbank’s Break with Fitch Exposes a Deeper Rift

By Dr. Macharia Kihuro In a recent public statement, the African Export-Import Bank (Afreximbank) announced it would terminate its credit rating relationship

Business

Business·Top Stories

NGX Market Cap Rises By N2.36trn To N117trn

February 13, 2026

Following a 3,687.45 basis points increase in the all-share index, the market capitalisation of the Nigerian Exchange (NGX) increased by N2.36 trillion on Friday,

Financial Expert Says Stable Forex Regime Will trigger Nigerian Breweries, Others’ Return To Profitability In 2024

Business·Top Stories

Inside Nigerian Breweries Turnaround: How Slashing Borrowing Costs Ended Two-Year Losing Streak

February 13, 2026

After two years losing streak, Nigerian Breweries is back to profitability, reversing the heavy losses recorded in 2023 and 2024, which were the periods

Business·Top Stories

From N2.35bn To N842.67m… Why Sovereign Trust Insurance Profit Crashed By 64%

February 12, 2026

Over N44.62 billion was generated as revenue by Sovereign Trust Insurance between January and December 2025, surpassing the N40.44 billion turnover recorded in 2024,

Official Market Records Decline In Dollar Rate, Trade Flat In Black Market

Business·Top Stories

Naira Weakens Against Dollar In Official, Black Markets

February 12, 2026

Traders in the black market paid N1,444.88 kobo for a dollar on Thursday, February 12, compared to the N1,441 per $1 reported on Wednesday,

Business·Top Stories

Over N28.43bn Shares Traded On NGX, Access Holdings Leads Trades

February 12, 2026

The Nigerian Exchange (NGX) closed with N114.66 trillion market capitalisation on Thursday, February 12, from the N114.37 trillion reported on Wednesday, February 11. According

Politics

News·Politics·Top Stories

INEC Sets Dates For Presidential, Governorship Elections

February 13, 2026

Nigeria’s electoral umpire, the Independent National Electoral Commission (INEC), has fixed 20 February 2027 for the presidential and National Assembly elections and 6 March 2027 for governorship and state assembly polls, formally triggering the countdown to the country’s next general election. Announcing the timetable in Abuja on Thursday, INEC chairman Joash Amupitan said the dates were chosen in line with

News·Politics·Top Stories

Fubara Dissolves Rivers Executive Council

February 13, 2026

Rivers State Governor Siminalayi Fubara has dissolved the State Executive Council, in

News·Politics·Top Stories

Political Heavyweights Visit El-Rufai, Call for Respect for Rule of Law

February 13, 2026

Former Vice President Atiku Abubakar and former Minister of Transportation Rotimi Amaechi

News·Politics

Senate Reverses Position, Endorses Electronic Transmission of Election Results

February 11, 2026

The Senate on Tuesday made a sharp reversal on electronic transmission of

Insights·Opinion·Politics·Top Stories

Electoral Reforms: Nigeria’s Senate on the Spot as Protests Highlight Flawed Democracy

February 10, 2026

The Nigerian Senate’s decision to reconvene for an emergency plenary session today

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·Top Stories

Chinese Embassy Denies U.S. Allegations of Illegal Mining, Terror Funding in Nigeria

February 13, 2026

The Chinese Embassy in Nigeria has dismissed as “completely baseless” allegations that Chinese companies are involved in illegal mining operations in Nigeria and funding armed groups through protection payments. In a statement issued by its spokesperson, the Embassy expressed “firm opposition and

Business·Top Stories

Dollar Rate Drops To N1,404/$ In Black Market, Rises To N1,355/$ In Official Window

February 13, 2026

The black market on Friday, February 13, saw traders exchange the United States dollar (USD) at N1,404.99 kobo per USD, compared to the N1,444.88 kobo/$1 recorded on Thursday, February 12. Based on the data obtained from Naira Rates, the black market aggregator,

News·Top Stories

Ramadan Clash: Bashir Ahmad Urges INEC to Review 2027 General Election Dates

February 13, 2026

A former presidential aide, Bashir Ahmad, has called on the Independent National Electoral Commission (INEC) to reconsider the proposed dates for the 2027 general elections, citing concerns over their coincidence with the Muslim holy month of Ramadan, Prime Business Africa reports. INEC

Business·Top Stories

NGX Market Cap Rises By N2.36trn To N117trn

February 13, 2026

Following a 3,687.45 basis points increase in the all-share index, the market capitalisation of the Nigerian Exchange (NGX) increased by N2.36 trillion on Friday, February 13. The index had increased to 182,313.08 ASI, from the 178,625.63 ASI recorded on Thursday, February 12.

Business·Top Stories

Inside Nigerian Breweries Turnaround: How Slashing Borrowing Costs Ended Two-Year Losing Streak

February 13, 2026

After two years losing streak, Nigerian Breweries is back to profitability, reversing the heavy losses recorded in 2023 and 2024, which were the periods the company’s shareholders were not rewarded for their investments. In 2025, Nigerian Breweries generated N1.46 trillion compared to

Africa·News·Top Stories

Morocco Earmarks $330m for Flood-Hit Northern Regions

February 13, 2026

The Morocco government has approved a 3bn dirham ($330m) emergency package to support communities in its northern provinces after weeks of unusually heavy rainfall triggered widespread flooding. In a statement on Thursday, the royal palace said King Mohammed VI had ordered a

News·Politics·Top Stories

INEC Sets Dates For Presidential, Governorship Elections

February 13, 2026

Nigeria’s electoral umpire, the Independent National Electoral Commission (INEC), has fixed 20 February 2027 for the presidential and National Assembly elections and 6 March 2027 for governorship and state assembly polls, formally triggering the countdown to the country’s next general election. Announcing

News·Power·Top Stories

Germany Confirms Revival of $2.3bn Siemens Power Deal Under Tinubu

February 13, 2026

Germany has confirmed that the $2.3 billion Presidential Power Initiative (PPI) with Nigeria, implemented by Siemens AG, remained largely dormant under the previous administration but has regained momentum under President Tinubu. Johannes Lehne, Deputy Head of Mission at the German Embassy in

Africa·News·Top Stories

Nigeria Wins Permanent Seat on African Central Bank Board at AU Summit

February 13, 2026

Nigeria has secured a permanent seat on the Board of the African Central Bank, marking a major diplomatic and institutional victory for the country at the 39th Session of the Executive Council of the African Union (AU). The Ministry of Foreign Affairs

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