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FCCPC Shuts Down Ikeja Electric Headquarters Over Prolonged Consumer Rights Violations

December 11, 2025

The Federal Competition and Consumer Protection Commission (FCCPC) on Thursday sealed the headquarters of Ikeja Electric (IE) over what it described as persistent violations of consumer rights and the company’s refusal to comply with binding regulatory directives, Prime Business Africa

Business·News·Top Stories

Dangote Launches N1 Trillion Education Fund, Pledges 25% of Wealth to Support 1.3 Million Nigerian Students

December 11, 2025

by Amanze Chinonye

Nigerian business magnate Aliko Dangote on Thursday launched a N100 billion annual education initiative aimed at reducing financial barriers that prevent millions of Nigerian children from completing their education. The programme, projected to cost over N1 trillion over the next

Chinese Fighter Jets Lock Radar on Japanese Aircraft Near Okinawa, Tokyo Lodges Protest

Japan has accused Chinese military jets of locking fire-control radar on Japanese F-15 fighter aircraft during two “dangerous” encounters near Okinawa on

Benin Government Confirms Attempted Coup Has Been Foiled, Talon Safe

Benin’s government says an attempted coup d’état launched early Sunday has been successfully foiled, after soldiers briefly seized state television and claimed

Business

Africa·Business·News·Top Stories

ECOWAS Ministers Unveil 2026 Economic Priorities, Tap Dangote to Drive Private-Sector Engagement

December 11, 2025

Ministers of Foreign Affairs from the Economic Community of West African States (ECOWAS) have opened the 95th Ordinary Session of the ECOWAS Council of

Naira Falls Against Dollar In Black Market As Demand Increases In FX Market

Business·Top Stories

Dollar Rate Drops To N1,455/$ In Official Window, Rises To N1,505/$ In Parallel Market

December 11, 2025

In the Nigerian foreign exchange market (NFEM), also known as the official window, the foreign exchange (FX) rate of the United States dollar (USD)

The equity market closed in positive territory for the second time this week as stocks rose by 0.04%. Investors traded N15.07bn worth of shares.

Business

NGX Rebounds With N693.95bn Gain

December 11, 2025

The market capitalisation of the Nigerian Exchange (NGX) Limited, also known as the stock market, closed trading at N94.31 trillion on Thursday, December 11,

Business·Top Stories

Five Least Performing Insurance Stocks In Q3 2025

December 11, 2025

While the majority of the insurance stocks in the Nigerian Exchange (NGX) Limited recorded gains in the third quarter (Q3) of 2025, Prime Business

Business·News·Nigeria·Transport

EFCC Unravels Alleged Arik – NG Eagle Money Trail, Former AMCON MD Kuru on the Spot

December 11, 2025

Fresh details have emerged in the ongoing trial of former Managing Director of the Asset Management Corporation of Nigeria (AMCON), Ahmed Kuru, as an

Politics

News·Politics·Top Stories·World News

U.S. Proposal to Unlock $200 Billion in Frozen Russian Assets Sparks Geopolitical Tensions Over Ukraine Reconstruction

December 11, 2025

A confidential U.S. plan to use approximately $200 billion in frozen Russian sovereign assets to finance reconstruction projects in Ukraine has set off a high-stakes transatlantic debate over legal, economic, and strategic control of postwar Europe, Prime Business Africa reports. According to reporting by The Wall Street Journal and verified by Reuters, the Trump administration’s proposal envisions Wall Street and

News·Politics·Top Stories

Seven APC Governorship Hopefuls Withdraw to Back Oyebamiji After Tinubu Summit

December 10, 2025

Seven aspirants seeking the All Progressives Congress (APC) governorship ticket in Osun

News·Politics·Top Stories·World News

Machado Unable to Attend Nobel Peace Prize Ceremony Amid Travel Restrictions

December 10, 2025

Venezuelan opposition leader María Corina Machado will not attend the Nobel Peace

News·Politics·Top Stories·World News

Brazil’s Lower House Approves Bill That Could Slash Bolsonaro’s 27-Year Jail Term

December 10, 2025

Brazil’s Chamber of Deputies has approved a bill that could dramatically reduce

Africa·Business·News·Politics

Niger Tightens Inspections on Nigerian Goods Amid Regional Security Concerns

December 9, 2025

The Republic of Niger has ordered stricter inspections on all goods entering

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·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

US-based Global Inventor Cyprian Emeka Uzoh Receives Cheiftaincy Title In Nigeria

Business·News·Technology·Top Stories·World News

The Copper Catalyst: How Cyprian Uzoh’s Breakthrough Changed the World

November 8, 2025

Uzoh's copper interconnect technology has been a game-changer for the tech industry, enabling faster, more powerful, and more efficient electronics. His commitment to giving

Business·Finance & Economy·Technology

Arab Bank, DCO Agree on Framework for Cooperation on Inclusive, Sustainable Digital Economies

November 1, 2025

The Digital Cooperation Organization (DCO), the world’s first standalone international intergovernmental organization dedicated to accelerating inclusive and sustainable digital economies, and the Arab Bank

Sport

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 on Katsina United and ordered the club to play all remaining home fixtures behind closed doors at the New Jos Stadium, following severe security lapses during Saturday’s 1–1 draw with Barau FC. In a strongly worded statement, the league said Katsina United were formally charged for breaching multiple

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,

News·Sports

I Believe In You – Tinubu Hails Super Eagles for Thrashing Benin Republic 4.0

October 14, 2025

President Bola Tinubu on Tuesday evening congratulated the Super Eagles on what

News·Sports

Osimhen’s Hat-Trick Heroics Spark Super Eagles’ Thrilling 4-0 Victory Over Benin Republic

October 14, 2025

In a breathtaking display of attacking prowess, Nigeria’s Super Eagles stormed to

News·Sports

Miracle Landing: Super Eagles Touch Down Safely in Uyo After Mid-Air Scare

October 12, 2025

The Super Eagles have finally arrived in Uyo, Akwa Ibom State, after

Markets

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

Markets·News·Prime Health360·World News

UK Targets Sugary Milk Drinks as Government Tightens Health Levy

November 26, 2025

The UK Labour government has expanded its existing sugar tax to include milk-based drinks such as milkshakes, sweetened yoghurt drinks and ready-to-drink coffees, in

Business·Currency·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 26th November 2025

November 26, 2025

What is the dollar-to-naira exchange rate on the black market, like the Aboki Fx? The exchange rate for the US dollar (USD) to Nigerian

CBN Further Raises Benchmark Interest Rate To 27.25%

Business·Markets

CBN Holds Interest Rate At 27% — Fourth Time In 2025

November 25, 2025

The monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) has retained the monetary policy rate (MPR), the benchmark for interest rate,

Bank of England Eyes High Interest Rate Amidst Falling Inflation: Analysts Suggest June For Cut

Business·Finance & Economy·Markets·News

Bank of England Set for December Rate Cut

November 19, 2025

"With inflation still at 3.6% and deposit yields poised to move downward, the risk of negative real returns looms."

Latest

News·Nigeria·Power·Top Stories

FCCPC Shuts Down Ikeja Electric Headquarters Over Prolonged Consumer Rights Violations

December 11, 2025

The Federal Competition and Consumer Protection Commission (FCCPC) on Thursday sealed the headquarters of Ikeja Electric (IE) over what it described as persistent violations of consumer rights and the company’s refusal to comply with binding regulatory directives, Prime Business Africa reports. The

Business·News·Top Stories

Dangote Launches N1 Trillion Education Fund, Pledges 25% of Wealth to Support 1.3 Million Nigerian Students

December 11, 2025

Nigerian business magnate Aliko Dangote on Thursday launched a N100 billion annual education initiative aimed at reducing financial barriers that prevent millions of Nigerian children from completing their education. The programme, projected to cost over N1 trillion over the next decade, is

Africa·Business·News·Top Stories

ECOWAS Ministers Unveil 2026 Economic Priorities, Tap Dangote to Drive Private-Sector Engagement

December 11, 2025

Ministers of Foreign Affairs from the Economic Community of West African States (ECOWAS) have opened the 95th Ordinary Session of the ECOWAS Council of Ministers in Abuja, with a sweeping agenda aimed at strengthening governance, accelerating regional integration, and bolstering economic resilience

Business·Top Stories

Dollar Rate Drops To N1,455/$ In Official Window, Rises To N1,505/$ In Parallel Market

December 11, 2025

In the Nigerian foreign exchange market (NFEM), also known as the official window, the foreign exchange (FX) rate of the United States dollar (USD) dropped to N1,455.25/$ on Thursday, December 11. The exchange rate dropped by N2.75 kobo, from the N1,458 per

Business

NGX Rebounds With N693.95bn Gain

December 11, 2025

The market capitalisation of the Nigerian Exchange (NGX) Limited, also known as the stock market, closed trading at N94.31 trillion on Thursday, December 11, rising N693.95 billion from the N93.62 trillion recorded on Wednesday, December 10. The stock market data showed the

Africa·News·Security·Top Stories

AU Sounds Alarm as New Violence Tests Limits of Great Lakes Peace Efforts

December 11, 2025

The African Union (AU) Commission has raised alarm over mounting tensions in the Great Lakes region, as renewed clashes in South Kivu in eastern Democratic Republic of Congo (DRC) and Cibitoke Province in Burundi threaten to unravel recent diplomatic gains. In a

Business·Top Stories

Five Least Performing Insurance Stocks In Q3 2025

December 11, 2025

While the majority of the insurance stocks in the Nigerian Exchange (NGX) Limited recorded gains in the third quarter (Q3) of 2025, Prime Business Africa (PBA) presents the five least performing insurance stocks for the period under review. The list comprises Lasaco

News·Politics·Top Stories·World News

U.S. Proposal to Unlock $200 Billion in Frozen Russian Assets Sparks Geopolitical Tensions Over Ukraine Reconstruction

December 11, 2025

A confidential U.S. plan to use approximately $200 billion in frozen Russian sovereign assets to finance reconstruction projects in Ukraine has set off a high-stakes transatlantic debate over legal, economic, and strategic control of postwar Europe, Prime Business Africa reports. According to

News·Oil & Gas·Top Stories·World News

U.S. Seizes Sanctioned Venezuelan Oil Tanker, Escalating Tensions

December 11, 2025

The United States has seized a sanctioned Venezuelan oil tanker off the country’s coast, President Trump announced Wednesday, escalating tensions with Caracas and sending oil prices higher. “We’ve just seized a tanker on the coast of Venezuela, very large, largest one ever,”

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