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Tinubu Clears $1.42bn, N5.57tn Legacy Debts Owed by NNPC

December 29, 2025

President Tinubu has given approval for the write-off of a significant portion of debts owed by the Nigerian National Petroleum Company Limited (NNPC Ltd) to the Federation Account, amounting to about $1.42 billion and N5.57 trillion, Prime Business Africa reports.

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

Business·Top Stories

Dollar Rate Rises To N1,471/$ In Black Market, Drops To N1,446/$ In Official Window

December 29, 2025

by Prime Business Africa

The black market recorded a N3.01 increase in the foreign exchange (FX) rate of the United States dollar (USD) on Monday, December 29. In the black market data obtained from Naira Rates, the USD rate increased to N1,471 per dollar,

GivTrade Secures UAE SCA Category 5 Licence

GivTrade, an international multi-asset brokerage providing access to global markets via CFDs, on Wednesday announced that it has been granted a Category

Sokoto Residents Report Militant Movement After US Airstrikes on Lakurawa Camps

Residents of Tangaza Local Government Area in Sokoto State have reported increased movement of armed groups following United States airstrikes on suspected

Business

Geregu Power Plc Surges With 15% Gain In 2 Days, Hits N2.875trn Market Cap

Business·News·Top Stories

Femi Otedola Sells N2.17trn Stake In Geregu, Resigns As Chairman

December 29, 2025

Femi Otedola, the majority stakeholder in Geregu Power, has sold his N2.17 trillion stake in the power generation company and resigned from his position

Business·Top Stories

Worst-Performing Nigerian Oil Companies In Q3 2025 — By Revenue Decline

December 29, 2025

Out of the six oil companies listed on the Nigerian Exchange (NGX), also known as the stock market, four companies made it to the

Nigeria Air: Airline Operators Hail Judiciary, Aviation Minister For Upholding Justice

Business·News·Transport

Tax Tangle: Onyema, Achimugu Disagree on Nigeria’s Soaring Airfares

December 29, 2025

Tax Tangle: Onyema, Achimugu Clash Over Nigeria’s Soaring Airfares The Nigerian Civil Aviation Authority (NCAA) has denied allegations that domestic airfares are inflated due

Business·Insights·Opinion

New Tax Laws, Old Fears: When Reform Meets Public Distrust

December 27, 2025

In June, President Bola Tinubu signed into law four far-reaching tax reform bills, presenting them as a decisive reset for Nigeria’s long-fragmented tax system.

Nigerian Govt Begins Construction Of 700km Lagos-Calabar Coastal Road, Other Critical Projects

Business·News·Top Stories

Nigeria Secures $1.126bn for Lagos-Calabar Coastal Highway Phase 1, Section 2

December 26, 2025

Nigeria Secures $1.126bn for Lagos-Calabar Coastal Highway Phase 1, Section 2 President Bola Tinubu has commended the Federal Ministry of Finance for successfully securing

Politics

News·Politics·Top Stories

Obi Confirms 2027 Presidential Bid During X Space Session

December 29, 2025

Former Anambra State Governor and Labour Party’s 2023 presidential candidate, Peter Obi, has confirmed that he will contest the 2027 presidential election, declaring that he will be on the ballot, Prime Business Africa reports. Obi made the announcement on Sunday evening during a widely attended interactive session on X (formerly Twitter) hosted by @obidientupdate, where he addressed Nigeria’s economic challenges,

Africa·News·Politics·Top Stories

Somaliland Rejects Qatar-Led Statement, Insists on Right to Independence

December 29, 2025

The Somaliland administration has sharply rejected a joint statement issued by Qatar

News·Politics·World News

1914 Christmas Truce: The Day World War 1 Soldiers Dropped Guns to Play Football

December 28, 2025

1914 Christmas Truce: The Day World War 1 Soldiers Stopped Briefly to

Insights·Opinion·Politics

Nigeria’s Dissonance and Loss of Global Leverage

December 27, 2025

It’s extremely sad that Nigeria is being described as a “now disgraced

Anti-Govt Protest: Lawmakers plead For Patience, Accept 50% Salary Cut

News·Politics·Top Stories

Nigeria’s Legislature Orders Re-Gazetting of Four Tax Reform Laws Amid Discrepancy Claims

December 26, 2025

The National Assembly has ordered the re-gazetting of four major tax reform

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

Labour·News·Technology·Top Stories·World News

Musk Predicts AI Future Where Salaries, Money Lose Relevance

December 17, 2025

Elon Musk has warned that money and salaries could become irrelevant in the future as artificial intelligence and robotics advance to the point where

News·Security·Technology

Bandits Use Advanced Technology to Evade Tracking – Tijani

December 13, 2025

Nigeria’s Minister of Communications, Innovation and Digital Economy, Bosun Tijani, has disclosed that armed bandits and criminal networks operating across parts of the country

News·Security·Technology·Top Stories·World News

China Deploys 24/7 AI-Powered Police Patrol Vehicles in New Phase of Automated Urban Policing

December 7, 2025

China has expanded its push into automated law-enforcement with the deployment of AI-driven police patrol vehicles capable of operating round-the-clock using facial-recognition technology, panoramic

News·Nigeria·Technology·Top Stories

FG Unveils Nationwide Real-Time Online Classes to Bridge Learning Gaps

November 25, 2025

The Federal Ministry of Education has launched a nationwide rollout of Inspire Live(s), a real-time online learning initiative aimed at expanding equitable access to

Business·Finance & Economy·News·Technology

Swiss Deposit Token Trial Shows Banks Can Adopt Digital Money Reliably, Says D24 Fintech

November 19, 2025

The Swiss Bankers Association (SBA) is taking steps to establish a digital Swiss franc known as the deposit token. In September, PostFinance AG, Sygnum

Sport

News·Sports·Top Stories

Anthony Joshua Injured in Ogun Road Crash as Two Persons Die

December 29, 2025

British-Nigerian heavyweight boxing star Anthony Joshua was on Monday involved in a fatal road accident along the Lagos–Ibadan Expressway in Ogun State, resulting in the death of two persons, Prime Business Africa reports. The accident occurred around late morning near the Sagamu Interchange in the Makun area of the state, according to multiple local and international reports. Joshua was travelling

News·Sports

Air Peace, Onyema Back WABU Welterweight Champion Obizulike with ₦10m Sponsorship

December 24, 2025

Chairman and Chief Executive Officer of West and Central Africa’s largest airline,

News·Sports

Musa Calls Time on Illustrious Super Eagles Career

December 17, 2025

Nigeria’s most-capped footballer, Ahmed Musa, has formally announced his retirement from international

News·Sports·Top Stories

League Expels Katsina United From Home Ground, Slams ₦9m Penalty Over Violence

November 10, 2025

The Nigeria Premier Football League (NPFL) has imposed a ₦9 million fine

News·Sports

Nigeria’s World Cup Hopes Take Hit: Moffi and Ajayi Out of Gabon Playoff

October 19, 2025

The playoff match against Gabon is scheduled for November 13 in Morocco,

Markets

Business·Markets·News

Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

December 21, 2025

The Federal Government of Nigeria has issued its debut bond under the Presidential Power Sector Debt Reduction Programme, raising N590 billion to settle verified

Business·Markets·Top Stories

Dollar Trades Flat In Black Market, Appreciates In Official Window

December 17, 2025

The dollar traded at N1,487.01/$1 in the parallel market on Wednesday, December 17, indicating the naira neither depreciated nor appreciated against the United States

Markets·News·World News

Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

December 17, 2025

The government of Venezuela has condemned what it described as a “reckless and serious threat” issued by U.S. President Trump, accusing him of violating

Business·Markets·News·World News

Bank of Japan Poised to Lift Rates to 30-Year High as Inflation Pressures Persist

December 16, 2025

The Bank of Japan (BOJ) is set to raise its short-term policy interest rate to 0.75 per cent from 0.5 per cent at the

Business·Markets·News

SEC Orders Full Registration of Tradable Instruments by January 2026

November 28, 2025

The Securities and Exchange Commission (SEC) has ordered all Capital Market Operators (CMOs) in Nigeria to declare their compliance status and ensure that every

Latest

News·Oil & Gas·Top Stories

Tinubu Clears $1.42bn, N5.57tn Legacy Debts Owed by NNPC

December 29, 2025

President Tinubu has given approval for the write-off of a significant portion of debts owed by the Nigerian National Petroleum Company Limited (NNPC Ltd) to the Federation Account, amounting to about $1.42 billion and N5.57 trillion, Prime Business Africa reports. Details of

Business·Top Stories

Dollar Rate Rises To N1,471/$ In Black Market, Drops To N1,446/$ In Official Window

December 29, 2025

The black market recorded a N3.01 increase in the foreign exchange (FX) rate of the United States dollar (USD) on Monday, December 29. In the black market data obtained from Naira Rates, the USD rate increased to N1,471 per dollar, from the

News·Top Stories

Tinubu Sympathises with Anthony Joshua Over Ogun Road Crash

December 29, 2025

President Tinubu has expressed sympathy to British-Nigerian boxing star Anthony Joshua following the fatal road accident on the Lagos–Ibadan Expressway in Ogun State that claimed two lives and left the boxer injured. In a message issued on Monday, President Tinubu described the

Finance & Economy·News·Top Stories

Nigeria Closes 2025 with Signs of Economic Stabilisation, Household Relief

December 29, 2025

As 2025 draws to a close, Nigeria’s economy shows clear signs of stabilisation following a year of deliberate reforms under President Tinubu’s administration, Prime Business Africa reports. The government’s efforts, once seen as difficult but necessary, are beginning to translate into tangible

Data & Infographics·News·World News

Nigeria Set to Outpace All of Europe in Births as 2025 Ends, UN Data Shows

December 29, 2025

As 2025 draws to a close, new United Nations population projections point to a defining global shift: Nigeria is projected to record more births this year than the entire continent of Europe combined, underscoring how demographic forces are steadily redrawing the world’s

Agro-Economy·Opinion

The Plane Left, The Harvest Has Nowhere To Go: Nigeria’s Strawberry Transportation Crisis

December 29, 2025

In October, 2025, Arik Air discontinued its operations in Jos, Plateau State. Interestingly, Arik Air was the only consistent option for moving strawberries out of Jos. Sadly, Value Jet – the only commercial airline operating from Jos, does not accept strawberries as

Business·News·Top Stories

Femi Otedola Sells N2.17trn Stake In Geregu, Resigns As Chairman

December 29, 2025

Femi Otedola, the majority stakeholder in Geregu Power, has sold his N2.17 trillion stake in the power generation company and resigned from his position as chairman. Geregu announced the transaction on Monday, December 29, via a statement to the Nigerian Exchange (NGX)

Why Nigerian Airlines Have Been Unable To Compete With Foreign Operators - Keyamo

Opinion

The Burden of Aviation Taxes: To Fly or Not to Fly

December 29, 2025

“Air Peace has had this kind of ground handlers hitting our aircrafts on more than 15 occasions, damaging our planes. This is a brand new plane bought with over $85 million, and they damaged it. The thrust reversal of that engine is

News·Sports·Top Stories

Anthony Joshua Injured in Ogun Road Crash as Two Persons Die

December 29, 2025

British-Nigerian heavyweight boxing star Anthony Joshua was on Monday involved in a fatal road accident along the Lagos–Ibadan Expressway in Ogun State, resulting in the death of two persons, Prime Business Africa reports. The accident occurred around late morning near the Sagamu

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