Prime Business Africa

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Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 1st July 2025

Naira Depreciates Against Dollar, Euro, British Pound In Official Window

December 10, 2025

The naira depreciated against the dollar by 0.27 percent to N1,458/$ on Wednesday, December 10, in the Nigerian foreign exchange market (NFEM), also known as the official window. On Tuesday, December 9, the foreign exchange (FX) rate for the United

Stock Market Rally Halted As Demand For Ecobank, PZ Cussons Shares Dropped

Business

UAC Nigeria, Sunu Assurance, Others Wipe Off N33.80bn From NGX

December 10, 2025

by Prime Business Africa

The Nigerian Exchange (NGX) Limited said the market capitalisation of the stock market dropped marginally by 0.05 percent to N93.62 trillion on Wednesday, December 10. This means N33.80 billion was wiped off the NGX at the end of trading as

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

FCMB Borrows N20.68bn To Protect Against Insolvency After Silicon Valley Bank Collapse

Business·Top Stories

FCMB Posts N828.12bn Revenue, Records 52.25% Increase In Profit

December 10, 2025

In the first nine months of 2025, FCMB generated N828.12 billion in gross earnings, exceeding the N587.77 billion recorded in the corresponding period in

Africa·Business·News·Oil & Gas

Barka Energies Debuts: Burkina Faso Seizes Control of Its Energy Sector

December 10, 2025

Burkina Faso has officially launched Barka Energies, marking a historic turning point in the country’s hydrocarbon distribution sector. The move follows the acquisition of

Naira Ends Week With Marginal Gain Against Dollar

Business·Top Stories

Naira Depreciates Against Dollar To N1,478/$ In Parallel Market

December 9, 2025

The foreign exchange (FX) rate for the United States dollar (USD) closed at N1,454/$ in the Nigerian foreign exchange market (NFEM), also known as

NGX Suspends Trading In Unity Bank, Guinea Insurance, 6 Other Companies’ Shares

Business·Top Stories

Transcorp Hotels, Ikeja Hotels Among Losers As NGX Market Cap Sheds N310bn

December 9, 2025

About N310 billion was lost in the Nigerian Exchange (NGX) on Tuesday, December 9, as the bourse’s market capitalisation dwindled to N93.65 trillion, from the

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 from Nigeria, particularly items classified as “miscellaneous,” requiring them to be unloaded

Politics

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 State have pulled out of the party’s upcoming primary and thrown their support behind Bola Oyebamiji. Their withdrawal followed a reconciliation meeting called by President Tinubu at the Presidential Villa in Abuja, where the stakeholders agreed to rally behind a single consensus contender. The closed-door meeting, convened by

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

News·Politics·Top Stories

Senate Summons Keyamo, Airline Operators Over Soaring Airfares Ahead of Festive Travel Rush

December 9, 2025

The Senate has summoned the Minister of Aviation, Festus Keyamo, along with

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

Business

Naira Depreciates Against Dollar, Euro, British Pound In Official Window

December 10, 2025

The naira depreciated against the dollar by 0.27 percent to N1,458/$ on Wednesday, December 10, in the Nigerian foreign exchange market (NFEM), also known as the official window. On Tuesday, December 9, the foreign exchange (FX) rate for the United States currency

Business

UAC Nigeria, Sunu Assurance, Others Wipe Off N33.80bn From NGX

December 10, 2025

The Nigerian Exchange (NGX) Limited said the market capitalisation of the stock market dropped marginally by 0.05 percent to N93.62 trillion on Wednesday, December 10. This means N33.80 billion was wiped off the NGX at the end of trading as the bourse’s

Business·Top Stories

FCMB Posts N828.12bn Revenue, Records 52.25% Increase In Profit

December 10, 2025

In the first nine months of 2025, FCMB generated N828.12 billion in gross earnings, exceeding the N587.77 billion recorded in the corresponding period in 2024, representing a 40.89 percent increase. FCMB announced the turnover growth in its unaudited consolidated and separate financial

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 State have pulled out of the party’s upcoming primary and thrown their support behind Bola Oyebamiji. Their withdrawal followed a reconciliation meeting called by President Tinubu at the Presidential Villa

Africa·Business·News·Oil & Gas

Barka Energies Debuts: Burkina Faso Seizes Control of Its Energy Sector

December 10, 2025

Burkina Faso has officially launched Barka Energies, marking a historic turning point in the country’s hydrocarbon distribution sector. The move follows the acquisition of TotalEnergies Marketing Burkina’s assets by Coris Invest Group (CIG SA), creating a 100% Burkinabè-owned energy company with regional

Events·News·Nigeria

Soyinka Criticizes Heavy Security Detail Around Seyi Tinubu, Questions Military Deployment to Benin Republic

December 10, 2025

Nobel Laureate Prof. Wole Soyinka has publicly criticized the heavy security detail reportedly assigned to Seyi Tinubu, son of President Bola Tinubu, warning against the overuse of state-level security resources for private individuals. Speaking at the 20th Wole Soyinka Centre for Investigative

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 Prize ceremony in Oslo on Wednesday, the Norwegian Nobel Institute confirmed, citing that her current whereabouts are unknown. Prime Business Africa reports that the development has drawn global attention,

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 former President Jair Bolsonaro’s 27-year prison sentence to just over two years if the measure is also endorsed by the Senate, according to reports from France 24 and AFP. The

Business·Top Stories

Naira Depreciates Against Dollar To N1,478/$ In Parallel Market

December 9, 2025

The foreign exchange (FX) rate for the United States dollar (USD) closed at N1,454/$ in the Nigerian foreign exchange market (NFEM), also known as the official window, on Tuesday, December 9, 2025. According to the data on NFEM provided by the Central

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