Prime Business Africa

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Naira vs Dollar: What To Expect This Week (24th-30th, March 2025)

Dollar Sells For N1,429/$ In Official Window, USD Rate Unchanged In Black Market

December 31, 2025

The foreign exchange (FX) rate of the United States dollar (USD) remained unchanged in the black market on Wednesday, as the American greenback traded flat at N1,478 per $1. Data obtained from Naira Rates, a black market rate aggregator, showed

Economy: Don’t Suffocate Businesses, CPPE Warns Regulatory Agencies

Finance & Economy·News·Top Stories

Nigeria’s Economy Stabilises in 2025; Non-Oil Sectors Set to Drive Growth in 2026 – CPPE

December 31, 2025

by Amanze Chinonye

Nigeria’s macroeconomic environment stabilised in 2025, setting the stage for stronger business activity and private-sector-led growth in 2026, according to the Centre for the Promotion of Private Enterprise (CPPE), Prime Business Africa reports. In its Review of the Nigerian Economy

Air Peace Denies “Dumping” Passengers in Barbados, Blames Immigration Authorities

Air Peace Limited has strongly refuted allegations that it sold tickets to Jamaica and “dumped” passengers in Barbados, calling the report “misleading,

Why Tinubu Govt Is Against Borrowing To Fund 2024 Budget - Edun

Nigeria Reassures Investors Amidst Joint Security Operation with US

The Federal Ministry of Finance has issued a statement reassuring investors and international partners that Nigeria is not at war with itself

Business

UNGA: What Tony Elumelu Says About President Tinubu’s NASDAQ Bell Ringing-VIDEO

Business·Top Stories

Tony Elumelu’s Heirs Energies Pays $500m To Acquire Majority Stake In Seplat

December 31, 2025

Heirs Energies Limited, an oil company owned by Tony Elumelu, the chairman of United Bank for Africa (UBA), has acquired a substantial stake of

Business·Top Stories

Vitafoam’s Profit Surged By 1,426% To N14.53bn In Nine Months

December 31, 2025

Vitafoam Nigeria reported a 35 percent growth in its revenue for the period between January and September 2025, overshadowing the N82.63 billion recorded in

Business·News·Power·Top Stories

Geregu Power Appoints Abdulaziz Yari Chairman as Otedola Exits After Major Ownership Change

December 30, 2025

Geregu Power Plc has announced a significant change in its board and ownership structure following the resignation of billionaire investor Femi Otedola as chairman

Naira Rises To N1,500/$ At Official Market

Business·Top Stories

Naira Depreciates Against Dollar As USD Rate Rises To N1,478/$ In Black Market

December 30, 2025

The naira on Tuesday, December 30, depreciated by 0.47 percent after the foreign exchange (FX) rate of the United States dollar (USD) increased to

Business·Top Stories

Yemi Odubiyi Increases Stake In Sterling Financial Holdings After Acquiring N1.15bn Shares

December 30, 2025

The chief executive officer (CEO) of Sterling Financial Holdings Company Plc, Yemi Odubiyi, has increased his stake in the company from 1.39 percent to

Politics

News·Politics·Top Stories

Obi Aligns With ADC, Urges Nigerians to Unite, Defend Democracy Ahead of 2027

December 31, 2025

Former Anambra State Governor and 2023 Labour Party presidential candidate, Peter Obi, has called on Nigerians to unite across ethnic, religious and political divides to defend democracy and national cohesion ahead of the 2027 general elections, Prime Business Africa reports. Obi made the call on Wednesday, December 31, 2025, in Enugu, while addressing political leaders, supporters and members of the

News·Politics·Top Stories

Obi, Key South-East Figures Pitch Tent with ADC After Months of Talks

December 31, 2025

Former Labour Party presidential candidate, Peter Obi, on Wednesday officially defected to

News·Politics·Top Stories

Peter Obi’s Ally Oseloka Obaze Joins ADC, Fuels Speculation of Wider Political Realignment

December 30, 2025

Former Peoples Democratic Party (PDP) governorship candidate and Campaign Manager of Labour

News·Politics·Top Stories

2027 Politics: PDP Blasts Wike for Supporting APC While Claiming Party Membership

December 30, 2025

The Peoples Democratic Party (PDP) has launched a blistering attack on the

Africa·News·Politics

CAR Votes for Change: Peaceful Elections Yield High Turnout

December 30, 2025

The Central African Republic’s general elections concluded peacefully on Sunday with a

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 Stable After Ogun Crash as FRSC Blames Speeding, Wrongful Overtaking for Fatal Accident

December 30, 2025

Former world heavyweight boxing champion Anthony Joshua remains in stable condition after a fatal road accident on the Lagos–Ibadan Expressway in Ogun State that claimed the lives of two of his close friends and members of his training team, Prime Business Africa reports. The Federal Road Safety Corps (FRSC) has concluded its assessment of the crash, attributing it to excessive

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

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

Markets

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

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

Latest

Business·Top Stories

Dollar Sells For N1,429/$ In Official Window, USD Rate Unchanged In Black Market

December 31, 2025

The foreign exchange (FX) rate of the United States dollar (USD) remained unchanged in the black market on Wednesday, as the American greenback traded flat at N1,478 per $1. Data obtained from Naira Rates, a black market rate aggregator, showed that the

Finance & Economy·News·Top Stories

Nigeria’s Economy Stabilises in 2025; Non-Oil Sectors Set to Drive Growth in 2026 – CPPE

December 31, 2025

Nigeria’s macroeconomic environment stabilised in 2025, setting the stage for stronger business activity and private-sector-led growth in 2026, according to the Centre for the Promotion of Private Enterprise (CPPE), Prime Business Africa reports. In its Review of the Nigerian Economy in 2025

FEATURES

Why Reading More Should Be on Your New Year’s Resolution List

December 31, 2025

Every first day of January, we all do the same thing. We promise to wake up earlier and be more productive. We swear we’ll go to the gym more at least four times a week. We declare we’re cutting off toxic people,

Business·Top Stories

Tony Elumelu’s Heirs Energies Pays $500m To Acquire Majority Stake In Seplat

December 31, 2025

Heirs Energies Limited, an oil company owned by Tony Elumelu, the chairman of United Bank for Africa (UBA), has acquired a substantial stake of 20.07 percent held by Maurel & Prom S.A. in Seplat Energy Plc for $500 million. The stake, announced on

News·Politics·Top Stories

Obi Aligns With ADC, Urges Nigerians to Unite, Defend Democracy Ahead of 2027

December 31, 2025

Former Anambra State Governor and 2023 Labour Party presidential candidate, Peter Obi, has called on Nigerians to unite across ethnic, religious and political divides to defend democracy and national cohesion ahead of the 2027 general elections, Prime Business Africa reports. Obi made

Business·Top Stories

Vitafoam’s Profit Surged By 1,426% To N14.53bn In Nine Months

December 31, 2025

Vitafoam Nigeria reported a 35 percent growth in its revenue for the period between January and September 2025, overshadowing the N82.63 billion recorded in the first nine months of 2024. In the company’s consolidated and separate financial statements for the year ended

News·Politics·Top Stories

Obi, Key South-East Figures Pitch Tent with ADC After Months of Talks

December 31, 2025

Former Labour Party presidential candidate, Peter Obi, on Wednesday officially defected to the African Democratic Congress (ADC) alongside several prominent political leaders from the South-East, marking a major realignment in Nigeria’s opposition politics ahead of the 2027 general elections. Obi and the

Health·News·Top Stories

Ikot Obio Edim PHC Crumbles Despite Akwa Ibom’s Health Budget Surge

December 31, 2025

A field visit by the Tracka accountability platform has revealed the shocking condition of the Ikot Obio Edim Primary Health Centre (PHC), exposing severe gaps in rural healthcare delivery despite Akwa Ibom State’s ambitious 2025 budget and declaration of a health emergency,

News·Top Stories

Arena Market Traders Count Losses After Evening Fire in Oshodi

December 31, 2025

A late-evening fire swept through a section of Arena Market in Oshodi, Lagos State, leaving several traders counting heavy losses after shops and goods were destroyed, Prime Business Africa reports. The fire broke out at the Army Arena Market along Agege Motor

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