Prime Business Africa

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Naira Ends Week With Marginal Gain Against Dollar

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

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

by Prime Business Africa

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 N93.96 trillion reported on Monday, December 8. According to NGX data, 487.66 basis points were wiped

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·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

Business

Guinea Insurance’s Profit Drops From N567.66m to N49m

December 9, 2025

Between January and September 2025, Guinea Insurance recorded N2.13 billion in revenue, compared to the N2.03 billion reported in the first nine months of

Business·Finance & Economy·News·Top Stories

New Tax Laws Poised to Strengthen Nigeria’s Competitiveness, Not Scare Investors, Presidency Insists

December 9, 2025

Nigeria’s new tax framework, set to take effect in January 2026, is designed to modernize the country’s fiscal system, simplify compliance, and enhance economic

Business·Finance & Economy·News·Top Stories

CBN Approves 82 Licensed BDCs, Publishes Full List Under New FX Regulatory Framework

December 9, 2025

The Central Bank of Nigeria (CBN) has granted final operating licences to 82 Bureaux De Change (BDCs) under its revised 2024 Regulatory and Supervisory

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

Business·Top Stories

Dollar Rate Closes At N1,454/$ In Official Window

December 8, 2025

In the Nigerian foreign exchange market (NFEM), also known as the official window, on Monday, December 8, the United States dollar (USD) traded flat

Politics

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 and cleared at border entry points before any transit procedures, according to a directive signed by Colonel Mohamed Yacouba Siddo, Director‑General of Niger’s Customs Service. Colonel Siddo emphasized that the rules must be enforced without

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

News·Politics·Top Stories

Fubara Dumps PDP, Joins APC, Says Move Necessary to “Fully Support” President Tinubu

December 9, 2025

Rivers State Governor Siminalayi Fubara has formally defected from the Peoples Democratic

Finance & Economy·News·Politics

Enugu Unveils ₦1.6trn ‘Budget of Renewed Momentum’ for 2026, Prioritises Education, Infrastructure, New City Projects

December 9, 2025

Enugu State Governor Peter Mbah has presented a record ₦1.617 trillion budget

News·Nigeria·Politics

Kwankwaso Sounds Alarm on Rising Insecurity, Ethnic Profiling in Nigeria

December 8, 2025

Former Minister of Defence and ex-Governor of Kano State, Rabiu Musa Kwankwaso,

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·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

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 N93.96 trillion reported on Monday, December 8. According to NGX data, 487.66 basis points were wiped 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 and cleared at border entry points before any transit procedures, according to a directive signed by Colonel Mohamed

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 major airline operators and aviation regulators, following nationwide outrage over the sudden spike in domestic airfares as Nigerians prepare for the busy holiday travel season. The decision was reached during

News·Politics·Top Stories

Fubara Dumps PDP, Joins APC, Says Move Necessary to “Fully Support” President Tinubu

December 9, 2025

Rivers State Governor Siminalayi Fubara has formally defected from the Peoples Democratic Party (PDP) to the All Progressives Congress (APC), ending months of speculation and marking a major political shift in one of Nigeria’s most influential states, Prime Business Africa reports. Fubara

Opinion

Can Nigeria’s Legitimisers Save her?

December 9, 2025

Oseloka H. Obaze Quite often, when a nation is dire straits, it is resistance groups that rally to save that nation. Just as the “partagiani,” the diverse coalition of Italian resistance fought fascist leader Benito Mussolini, NADECO, a diverse coalition of Nigerian

Business

Guinea Insurance’s Profit Drops From N567.66m to N49m

December 9, 2025

Between January and September 2025, Guinea Insurance recorded N2.13 billion in revenue, compared to the N2.03 billion reported in the first nine months of 2024, representing a 4.93 percent growth. According to the company’s financial statement for the period ended September 30,

Finance & Economy·News·Politics

Enugu Unveils ₦1.6trn ‘Budget of Renewed Momentum’ for 2026, Prioritises Education, Infrastructure, New City Projects

December 9, 2025

Enugu State Governor Peter Mbah has presented a record ₦1.617 trillion budget for the 2026 fiscal year, describing it as a blueprint for “full-scale impact” across critical sectors after two years of foundation-building reforms. Tagged the Budget of Renewed Momentum, the proposal

Africa·News·Top Stories

NAF C-130 Lands Safely in Burkina Faso Amid Regional Airspace Dispute

December 9, 2025

On Monday, a Nigerian Air Force (NAF) C-130 transport aircraft on a ferry mission to Portugal made a precautionary landing at Bobo-Dioulasso Airport in Burkina Faso after the crew reported a technical issue. According to the NAF, the landing followed standard safety

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