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2027 Polls: INEC Projects ₦873.78bn Budget, Seeks ₦209bn for Election Technology

February 12, 2026

The Independent National Electoral Commission (INEC) has placed the projected cost of conducting Nigeria’s 2027 general elections at ₦873.78 billion, a figure significantly higher than the funding released for the 2023 polls. The figure was presented on Thursday by INEC

Business·Top Stories

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

February 12, 2026

by Prime Business Africa

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, representing a 10 percent increase. According to the company’s unaudited consolidated financial statements for the period

U.S. Energy Secretary Wright Visits Caracas to Boost Venezuela Energy Ties

U.S. Energy Secretary Chris Wright arrived in Caracas on Wednesday, February 11, 2026, for a three-day visit aimed at deepening energy cooperation

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

The Nigerian Senate’s decision to reconvene for an emergency plenary session today 10 February is more than a routine legislative adjustment. It

Business

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

BUA Group Chairman Reaffirms Commitment To Slashing Cement Price To N3,500

Business·News·Nigeria·Top Stories

How Loan Turned BUA from Cement Importer to Producer – Rabiu

February 12, 2026

Nigerian billionaire Abdul Samad Rabiu says a long-term loan from the Africa Finance Corporation helped transform his company, BUA Group, from an importer of

Business·Top Stories

Cost Of Borrowing Pulling Down Geregu’s Profit

February 11, 2026

Despite a double-digit growth in Geregu Power’s top line, the company’s bottom line declined amid rising interest payments on its borrowings. Prime Business Africa

CBN Insists On June 3 Recapitalisation Deadline For BDCs

Business·Top Stories

Dollar Trades Flat In Black Market, FX Rate Drops In Official Window

February 11, 2026

In the black market on Wednesday, February 11, the foreign exchange (FX) rate of the United States dollar (USD) was N1,441 per $1, which

Politics

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 election results, endorsing an amended clause of the Electoral Act that allows polling unit results to be transmitted electronically, with manual documentation retained as a safeguard where network coverage is weak. The decision followed a tense and disorderly emergency plenary marked by sharp procedural disagreements, multiple points 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

Ohanaeze Ndigbo Youths Vow To End Sit- at-home

Insights·Opinion·Politics·Top Stories

How Can Nigerian History Be Written Without the Igbo?

February 10, 2026

By Chuka Nnabuife EVEN the most accomplished propagandists might once have doubted

Africa·News·Politics·Security·Top Stories

Ethiopia Accuses Eritrea of Military Aggression, Backing Armed Groups

February 9, 2026

Ethiopia has accused neighbouring Eritrea of sending troops into its territory and

Africa·News·Politics·Top Stories

Ghana Recalls Envoy to Nigeria Over Alleged Election Misconduct

February 9, 2026

Ghana has recalled its high commissioner to Nigeria, Mohammed Baba Jamal Ahmed,

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

2027 Polls: INEC Projects ₦873.78bn Budget, Seeks ₦209bn for Election Technology

February 12, 2026

The Independent National Electoral Commission (INEC) has placed the projected cost of conducting Nigeria’s 2027 general elections at ₦873.78 billion, a figure significantly higher than the funding released for the 2023 polls. The figure was presented on Thursday by INEC Chairman, Prof.

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, representing a 10 percent increase. According to the company’s unaudited consolidated financial statements for the period ended December

News·Nigeria·Top Stories

Customs Transforms Lagos Community with School Renovation, Sports Arena

February 12, 2026

The Nigeria Customs Service (NCS) has strengthened its commitment to education and healthy living with the renovation of Methodist Primary School, Ibeshe, Ikorodu, and the commissioning of the Wale Adeniyi Sports Arena at the Western Marine Command, in a dual ceremony on

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, February 11. The value of the United States dollar (USD) increased by N3.88 kobo, while that of the

News·Top Stories

CBN Reiterates Naira Cash Bouquets Are Illegal Ahead of Valentine’s Day

February 12, 2026

As Valentine’s Day approaches, the Central Bank of Nigeria (CBN) has reminded the public that using Naira notes for decorative purposes, including money bouquets, towers, or cash cakes, is illegal and classified as currency abuse, Prime Business Africa reports. Offenders may face

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 to the NGX data, the market valuation of the Nigerian bourse increased by N283.24 billion, as the all-share

El-Rufai Leaves APC For Social Democratic Party

News·Top Stories

El-Rufai Resists Attempted Arrest at Abuja Airport, Legal Team Condemns EFCC Actions

February 12, 2026

Former Kaduna State Governor Malam Nasir Ahmad El-Rufai resisted an attempted arrest by security operatives, reportedly linked to the Economic and Financial Crimes Commission (EFCC), upon his arrival at Nnamdi Azikiwe International Airport, Abuja, from Cairo, Egypt, Prime Business Africa reports. Eyewitnesses

News·Security·Top Stories

Youths Protest Killing of Two in Abia Community

February 12, 2026

Youths in Amiyi Obilohia, a community in Isuikwuato Local Government Area of Abia State, on Thursday blocked the main road leading to the local market in protest over the killing of two young men during a confrontation with suspected armed robbers. The protest

News·Power

Aso Rock to Fully Go Off National Grid by March 2026, State House Confirms

February 12, 2026

The Aso Rock Presidential Villa is set to disconnect entirely from Nigeria’s national electricity grid by March 2026, following the completion and testing of its solar power mini-grid, the State House Permanent Secretary, Temitope Fashedemi, has disclosed. Fashedemi made the revelation while

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