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Naira Appreciates Against Dollar, Trades At N1,477 Per USD

December 23, 2025

The foreign exchange rate of the United States dollar (USD) increased to N1,477.99 kobo per $1 in the parallel market on Tuesday, December 23, from the N1,476.95 kobo per USD recorded on Monday, December 22. This represents a 0.07 percent

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

Nigerian Stock Market Valuation Rises By N578.89bn To N97.77trn

December 23, 2025

by Prime Business Africa

On Tuesday, December 23, the valuation of the Nigerian Exchange (NGX) Limited, also known as the stock market, increased by N578.89 billion to N97.77 trillion, from the N97.19 trillion recorded on Monday, December 22. The all-share index (ASI) increased to

US Surveillance Flights Over Nigeria: A Sign of Heightened Security Cooperation

The US has been conducting intelligence-gathering flights over Nigeria since late November, reflecting a growing level of security collaboration between the two

Dangote–Farouk Saga: Why Damning Claims Brought Down Oil Sector Giants

Dangote–Farouk Saga: Why Damning Claims Brought Down Oil Sector Giants By Dr Marcel Mbamalu In a stunning turn of events, high-profile resignations

Business

First Bank Changes Names Of Its Subsidiaries In UK, Some Sub-Saharan African Countries

Business

First HoldCo Earns N2.29trn From Interests, Records 7% Drop In Profit

December 23, 2025

Between January and September 2025, First HoldCo generated N2.29 trillion as interest income, which grew by 40.37 percent from the N1.63 trillion recorded in

Business·News·Top Stories

NIN, CAC Numbers Now Serve as Nigeria’s Unified Tax ID Under New Law

December 23, 2025

Nigeria has rolled out a unified Tax Identification framework that links tax records directly to existing national identity systems, with the National Identification Number

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

Business·FEATURES·Top Stories

ALEX Leads NGX Gainers’ List, Guinea Insurance Among Losers

December 22, 2025

At the end of trading in the Nigerian stock market on Monday, December 22, the capitalisation of the Nigerian Exchange (NGX) Limited closed at

Naira Appreciates, Ends Week Positive Across Official, Black Markets

Business·Top Stories

Dollar Rate Drops In Black Market, Stable In Official Window

December 22, 2025

In the parallel market on Monday, December 22, the United States dollar (USD) traded for N1,476.95 per $1, compared to the N1,489.01 per USD

Business·Top Stories

Best-Performing Cement Companies In Nigeria — By Revenue Growth

December 22, 2025

In the third quarter (Q3) of 2025, the cement industry recorded N1.62 trillion revenue, based on the financial statements of the three major producers

Politics

Africa·News·Politics·Top Stories

Uganda Restricts Starlink Imports Ahead of January Elections, Sparking Internet Blackout Fears

December 23, 2025

Uganda has imposed fresh restrictions on the importation of Starlink satellite internet equipment just weeks before its January 15 presidential and parliamentary elections, raising concerns among opposition figures and digital rights advocates that the government may again shut down internet access during the polls. The restrictions were disclosed in an internal memorandum issued by the Uganda Revenue Authority (URA) on

News·Politics·Top Stories·World News

US Surveillance Flights Over Nigeria: A Sign of Heightened Security Cooperation

December 23, 2025

The US has been conducting intelligence-gathering flights over Nigeria since late November,

News·Politics

Former Delta North Senator Peter Nwaoboshi Dies After Sudden Collapse in Abuja

December 21, 2025

Former Senator representing Delta North Senatorial District, Peter Onyeluka Nwaoboshi, has died

Insights·Opinion·Politics

SAFE IN NIGERIA: Boris Johnson’s Claim and the outrage

December 21, 2025

SAFE IN NIGERIA? Boris Johnson’s Controversial Claim and the Outrage By Dr

Insights·Opinion·Politics

Enugu’s BRT Blitz: Modern Roads, Shattered Lives

December 21, 2025

Enugu’s BRT Blitz: Modern Roads, Shattered Lives Dr Marcel Mbamalu Enugu’s push

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

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 football, bringing the curtain down on a distinguished career that spanned more than a decade in the national colours. Musa confirmed the decision in a statement shared via his official channels on Wednesday, expressing gratitude to fans, teammates, coaches, and the Nigeria Football Federation (NFF) for the opportunity

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,

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

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

Business

Naira Appreciates Against Dollar, Trades At N1,477 Per USD

December 23, 2025

The foreign exchange rate of the United States dollar (USD) increased to N1,477.99 kobo per $1 in the parallel market on Tuesday, December 23, from the N1,476.95 kobo per USD recorded on Monday, December 22. This represents a 0.07 percent decline in

Business

Nigerian Stock Market Valuation Rises By N578.89bn To N97.77trn

December 23, 2025

On Tuesday, December 23, the valuation of the Nigerian Exchange (NGX) Limited, also known as the stock market, increased by N578.89 billion to N97.77 trillion, from the N97.19 trillion recorded on Monday, December 22. The all-share index (ASI) increased to 153,354.13 ASI,

Business

First HoldCo Earns N2.29trn From Interests, Records 7% Drop In Profit

December 23, 2025

Between January and September 2025, First HoldCo generated N2.29 trillion as interest income, which grew by 40.37 percent from the N1.63 trillion recorded in the same period in 2024. In the company’s financial statement for the period ending September 30, 2025, First

Africa·News

South African Court Blocks $3 Billion Electricity Tariff Deal Over Lack of Public Input

December 23, 2025

The Pretoria High Court has thrown out a controversial agreement between Eskom, South Africa’s state-owned power utility, and the National Energy Regulator of South Africa (Nersa), allowing the company to recover an extra $3 billion from electricity consumers. Earlier this year, Eskom

News·Top Stories·World News

Beatty Sues to Block Renaming of Kennedy Center After Board Adds Trump’s Name

December 23, 2025

U.S. Representative Joyce Beatty a democratic member of the U.S. House of Representatives from Ohio,(D-Ohio) has filed a federal lawsuit seeking to halt and reverse the controversial renaming of the John F. Kennedy Center for the Performing Arts to include President Donald

Africa·News·Politics·Top Stories

Uganda Restricts Starlink Imports Ahead of January Elections, Sparking Internet Blackout Fears

December 23, 2025

Uganda has imposed fresh restrictions on the importation of Starlink satellite internet equipment just weeks before its January 15 presidential and parliamentary elections, raising concerns among opposition figures and digital rights advocates that the government may again shut down internet access during

News·Top Stories

How Police Detained FIJ Reporter’s Wife, Baby as Bait to Arrest Investigative Journalist Atanda in Lagos

December 23, 2025

The Lagos State Police Command on Monday arrested and handcuffed Sodeeq Atanda, a senior investigative reporter with the Foundation for Investigative Journalism (FIJ), before releasing him unconditionally shortly before midnight following sustained pressure from media leaders. Atanda was arrested in Ikorodu after

News·Politics·Top Stories·World News

US Surveillance Flights Over Nigeria: A Sign of Heightened Security Cooperation

December 23, 2025

The US has been conducting intelligence-gathering flights over Nigeria since late November, reflecting a growing level of security collaboration between the two nations. READ ALSO: VENGEANCE UNLEASHED: US Launches Devastating Strikes Against ISIS in Syria After Deadly Attack A current US official confirmed

Business·News·Top Stories

NIN, CAC Numbers Now Serve as Nigeria’s Unified Tax ID Under New Law

December 23, 2025

Nigeria has rolled out a unified Tax Identification framework that links tax records directly to existing national identity systems, with the National Identification Number (NIN) now serving as the Tax ID for individuals and Corporate Affairs Commission (CAC) registration numbers forming the

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