Prime Business Africa

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NGX Market Cap Drops As Share Prices Of Mutual Benefit, NASCON, Others Decline

March 10, 2026

The market capitalisation of the Nigerian Exchange (NGX) closed at N125,85 trillion on Tuesday, March 10, falling below the N126.58 trillion recorded on Monday, March 9. Also, the all-share index (ASI) decreased from 197,196.97 ASI to 196,066.11 ASI. Traders exchanged 746.85

Business·Top Stories

Olorunshola, Anammah… Five Women Leading Nigerian Companies Worth Over N1trn

March 10, 2026

by Prime Business Africa

Out of 24 trillion-naira companies in Nigeria, only four are led by women, either as a board chair or chief executive officer (CEO), according to Prime Business Africa’s analysis of companies listed on the Nigerian Exchange (NGX). The companies led

Sahara Group Unveils Asharami Square To Enhance Sustainability Coverage In Media

Sahara Group Challenges Young Africans To Turn Energy Challenges into Entrepreneurial Opportunities

Sahara Group has called on young Africans to transform the continent’s pressing energy challenges into entrepreneurial opportunities, emphasizing a mindset shift towards

‘Nigeria’s National Single Window: A Make-or-Break Moment for Trade Facilitation

Nigeria is poised to unlock up to $3 billion in logistics investment and generate approximately $18 million in annual efficiency savings with

Business

Rebasing Nigeria's GDP Inflation and Impact on Economy

Business·FEATURES·Finance & Economy·Nigeria·Top Stories

9 Economic Signals Investors Are Watching in Nigeria Right Now

March 10, 2026

Nigeria’s economy is showing signs of recovery as of March 2026, following reforms introduced in 2023. Q4 2025 GDP growth hit 4.07%, while inflation

Business·Top Stories

FX Traders Increase Dollar Rate In Black Market, Official Window

March 9, 2026

The foreign exchange (FX) rate for the United States dollar (USD) in the parallel market was N1,421 per $1 on Monday, March 9, surpassing

Business·Top Stories

NGX Records N146bn Increase In Market Cap — Now Worth N126.58trn

March 9, 2026

On Monday, March 9, the Nigerian Exchange (NGX) saw its valuation increase to N126.58 trillion, from the N126.43 trillion reached on Friday, March 6.

Business·Finance & Economy·News·Top Stories

FG Introduces 1% Presumptive Tax on Informal Businesses to Expand Nigeria’s Tax Net

March 9, 2026

The Federal Government has introduced a one per cent presumptive tax on the annual turnover of certain informal sector businesses as part of a

Business·Top Stories

Aliko Dangote, Abdulsamad Rabiu Net Worth Rise, Adenuga, Otedola Drop On Africa’s Billionaire List

March 9, 2026

Abdulsamad Rabiu, the founder of BUA Group, Mike Adenuga, the founder of Globacom, and Femi Otedola, the chairman of First HoldCo, changed position on

Politics

News·Politics·Top Stories

Ekiti, Osun Polls Will Test APC Strength Ahead of 2027 – Oyintiloye

March 10, 2026

A chieftain of the All Progressives Congress (APC) in Osun State, Hon. Olatunbosun Oyintiloye, has said that the outcome of the 2026 governorship elections in Ekiti State and Osun will serve as a major test of the party’s strength ahead of the 2027 general elections. Oyintiloye, a former lawmaker, stated this while speaking with journalists on Sunday in Osogbo. According

NNPC Has Not Added N20,000 To Federation Account This Year – El-Rufai Says

FEATURES·Nigeria·Politics·Top Stories

8 Political Reasons Nasir El-Rufai’s Ministerial Nomination Failed, According to Insiders

March 9, 2026

In 2023, Nasir El-Rufai, ex-Governor of Kaduna State, was nominated by President

The PDP Predicament: A Party at Crossroads According To Festus Keyamo

FEATURES·Nigeria·Politics·Top Stories

6 Political Stakes Behind the Appeal Court Judgment on PDP’s Ibadan Leadership Dispute

March 9, 2026

Nigeria’s Peoples Democratic Party (PDP) is once again at the center of

FEATURES·Politics·Top Stories

7 Possible Outcomes of the PDP Reconciliation Efforts Led by Bala Mohammed

March 9, 2026

Nigeria’s main opposition party, the Peoples Democratic Party (PDP), has been grappling

Opinion·Politics

The Bwala Interview and the Limits of Political Damage Control

March 9, 2026

In a recent interview on Al Jazeera’s Head to Head programme, Daniel

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

FEATURES·Technology·Top Stories

7 Signs a Video or Voice Recording Might Be a Deepfake

March 10, 2026

Deepfakes—AI-generated videos, images, or audio—can create realistic but fake content. They are increasingly used for scams, misinformation, or even entertainment. While detection tools exist,

Google Stabs Self, Confesses More People Using Social Media Than Search Engine

News·Technology·Top Stories

Google Expands AI Search in Nigeria with Yorùbá, Hausa Language Support

March 6, 2026

Technology giant Google has rolled out support for the Yorùbá and Hausa languages in its artificial intelligence-powered search features in Nigeria, a move aimed

Nigerian Govt Launches 'Build-A-Thon Program', Seeks Visionary Educators To Foster Tech Innovation In Schools

News·Technology

FEC Approves GIS-Enabled Alphanumeric Digital Postcode System for Nigeria

March 5, 2026

The Federal Executive Council (FEC) has approved the implementation of a Geographic Information System (GIS)-enabled alphanumeric digital postcode system aimed at modernising Nigeria’s national

Business·Finance & Economy·Labour·News·Nigeria·Technology·Top Stories

Tinubu Envisages Lebara to Transform Nigeria’s Digital Space, Create Jobs

February 28, 2026

President Bola Ahmed Tinubu has welcomed the launch of Lebara Nigeria, describing it as a signal of investor confidence in the country’s digital economy,

Africa·News·Technology

Dozens of Ghanaians Killed Fighting in Ukraine War

February 28, 2026

Dozens of Ghanaians have been killed while fighting in the war in Ukraine, with two others currently held as prisoners of war, Foreign Affairs

Sport

Africa·News·Sports·Top Stories

Former Super Eagles Coach Festus Onigbinde Dies at 88

March 10, 2026

Former head coach of the Nigeria national football team, Festus Adegboye Onigbinde, has died at the age of 88. The family confirmed his passing in a statement signed by Bolade Adesuyi, noting that the Modakeke-born high chief died on Monday night after a brief illness. “With great gratitude to God for a life well spent, we announce the passing of

Opinion·Sports

21km Dusted: Today I Chased Miles, Not Speed

March 8, 2026

By Osita Chidoka Today in for the first time since 2022, I

Opinion·Sports

At 54, Approaching 55, I Have Begun to Rethink What Fitness Means

March 8, 2026

By Osita Chidoka For years, I wore speed like a badge of

Sports·Top Stories

Champions League: Real Madrid Punished for Supporter’s Nazi Salute

March 6, 2026

UEFA fined Real Madrid 15,000 euros ($17,000) on Friday after a fan

Sports·Top Stories·World News

Iran Women’s Team Stands Silent During Anthem at Asian Cup Opener

March 3, 2026

The Iran women’s national football team made a striking statement on Monday

Markets

Oil Production: Nigeria Again Exceeds OPEC Quota In 2025

FEATURES·Markets·Nigeria·Oil & Gas·Top Stories

6 Things Nigerians Should Know About the Current Oil Market Trends

March 9, 2026

The global oil market is once again at the centre of international attention as rising geopolitical tensions in the Middle East trigger sharp price

Business·Markets·News·Nigeria·Oil & Gas·Top Stories

Nigeria Cooking Gas Price Jumps 40% Amid Us, Iran Crisis

March 5, 2026

Cooking gas prices in Nigeria have jumped about 40 percent amid the ongoing fighting involving the United States, Israel and Iran. Liquefied Petroleum Gas

Business·Markets·News·Nigeria·Top Stories

Dangote Cement Records 20% Increase in 2025 Revenue

March 1, 2026

Dangote Cement Plc reported a 20.3 percent rise in revenue to 4.31 trillion naira ($2.7 billion) for the year ending Dec. 31, 2025, driven

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

Latest

Business·Top Stories

NGX Market Cap Drops As Share Prices Of Mutual Benefit, NASCON, Others Decline

March 10, 2026

The market capitalisation of the Nigerian Exchange (NGX) closed at N125,85 trillion on Tuesday, March 10, falling below the N126.58 trillion recorded on Monday, March 9. Also, the all-share index (ASI) decreased from 197,196.97 ASI to 196,066.11 ASI. Traders exchanged 746.85 million shares

Business·Top Stories

Olorunshola, Anammah… Five Women Leading Nigerian Companies Worth Over N1trn

March 10, 2026

Out of 24 trillion-naira companies in Nigeria, only four are led by women, either as a board chair or chief executive officer (CEO), according to Prime Business Africa’s analysis of companies listed on the Nigerian Exchange (NGX). The companies led by women,

Worries As Oil Price Crash, Low Production Threaten Nigeria’s 2025 Budget

Opinion

Nigeria Week Ahead: Equities sink, Oil surpasses $100, CPI in focus

March 10, 2026

By Matthew Anthony Oil prices spiked to just above $120 over the weekend as escalations of the Israel -US-Iran war intensified, with key energy installations targeted. As a result, major oil suppliers are due to meet shortly to open the tap of

Dangote’s Frequent Price Cuts And Ripples Of Intense Competition In Nigerian Fuel Market

News·Oil & Gas·Top Stories

Dangote Refinery Cuts Petrol Price by ₦100, Diesel by ₦190

March 10, 2026

The Dangote Petroleum Refinery has reduced the ex-gantry price of Premium Motor Spirit (PMS), commonly known as petrol, by ₦100 per litre, while also lowering the price of Automotive Gas Oil (AGO), or diesel, by ₦190 per litre. In a new pricing

News·Oil & Gas·Top Stories

Dangote Refinery CEO Warns Global Oil Shortage Could Be Worse Than $120 Crude

March 10, 2026

The Chief Executive Officer of the Dangote Refinery, David Bird, has warned that a potential global oil supply shortage could pose a greater threat to economies than the recent surge in crude oil prices. Speaking during a media briefing on rising fuel

Lagos Gov Sanwo-olu Under Fire Over ‘N7.5m Fragrance, N18m Christmas Chickens’

News·Power·Top Stories

Sanwo-Olu Commissions Lagos Electricity Regulatory Board to Reform Power Sector

March 10, 2026

Governor Babajide Sanwo‑Olu on Monday, inaugurated the five-member Board of the Lagos State Electricity Regulatory Commission (LASERC), marking a major milestone in implementing the Lagos State Electricity Law 2024 and strengthening the regulatory framework for the state’s electricity market. The inauguration, held

FEATURES

8 Global Shipping Trends That Could Affect Nigeria’s Import Prices

March 10, 2026

Nigeria’s reliance on imported goods from machinery and electronics to food items and petroleum products means changes in global shipping dynamics can quickly influence domestic prices. As international trade continues to evolve amid geopolitical tensions, environmental regulations, and supply chain adjustments, several

News·Politics·Top Stories

Ekiti, Osun Polls Will Test APC Strength Ahead of 2027 – Oyintiloye

March 10, 2026

A chieftain of the All Progressives Congress (APC) in Osun State, Hon. Olatunbosun Oyintiloye, has said that the outcome of the 2026 governorship elections in Ekiti State and Osun will serve as a major test of the party’s strength ahead of the

Africa·News·Sports·Top Stories

Former Super Eagles Coach Festus Onigbinde Dies at 88

March 10, 2026

Former head coach of the Nigeria national football team, Festus Adegboye Onigbinde, has died at the age of 88. The family confirmed his passing in a statement signed by Bolade Adesuyi, noting that the Modakeke-born high chief died on Monday night after

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