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

December 22, 2025

Dangote–Farouk Saga: Why Damning Claims Brought Down Oil Sector Giants By Dr Marcel Mbamalu In a stunning turn of events, high-profile resignations have rocked Nigeria’s oil sector, leaving many wondering what’s really going on. The sudden exits of Farouk Ahmed

Business·News·Top Stories

Dangote Explains Why Cement Costs More in Nigeria Than Abroad

December 22, 2025

by Amanze Chinonye

Nigerian billionaire industrialist Aliko Dangote has attributed the higher cost of cement sold locally to Nigeria’s heavy tax regime and regulatory burden, saying fiscal policies make domestically sold cement more expensive than exports, Prime Business Africa reports. Dangote made the

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

Heirs Energies Agrees $750m Afreximbank Financing to Drive Long-Term Growth

Heirs Energies Limited, Nigeria’s leading indigenous integrated energy company, has executed a USD 750 million financing with the African Export–Import Bank (Afreximbank).

Business

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·News

WINGING INTO THE HOLIDAYS: Air Peace Launches Daily Ibadan-Abuja Flights, Fares from ₦95,000

December 19, 2025

Air Peace Limited is set to revolutionize travel between Ibadan and Abuja with the resumption of daily return flights starting December 24, 2025.

Naira Ends Week With Marginal Gain Against Dollar

Business·Top Stories

Naira Remains Stable Against Dollar In Black Market

December 19, 2025

Traders in the black market on Friday, December 19, saw no changes in the foreign exchange (FX) rate for the United States dollar (USD),

Femi Otedola Issues New Statement After Reports Of Transcorp Plc Acquisition

Business·Top Stories

Otedola Buys 369.98m First HoldCo Shares — After Taking Out N14.8bn From Geregu Investment

December 19, 2025

Femi Otedola, the chairman and majority shareholder of First HoldCo, has increased his stake in the financial institution by buying 369.98 million shares on

Business·Top Stories

Five Best-Performing Banks In Q3 2025 — By Profit Growth

December 19, 2025

Sterling Financial Holdings Company, First City Monument Bank (FCMB), Stanbic IBTC, Wema Bank and Ecobank are the top five best-performing banks in Nigeria by

Politics

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 after collapsing at his residence in Abuja on 19 December 2025. Prime Business Africa gathered that the former lawmaker collapsed at about 8:30 a.m. and was rushed to a nearby hospital, where he was pronounced dead. The development has continued to draw reactions from political leaders across Delta

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

News·Politics·Top Stories

Forged Laws Allegation Deepens Nigeria’s Governance Crisis – Obi

December 20, 2025

Former presidential candidate Peter Obi has raised alarm over what he described

How Oil & Gas Stocks Rise As Trump Launches Energy Agenda

Politics·Top Stories·World News

VENGEANCE UNLEASHED: US Launches Devastating Strikes Against ISIS in Syria After Deadly Attack

December 20, 2025

US President Donald Trump has announced “very serious retaliation” against the Islamic

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·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

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

Latest

Business·Opinion

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

December 22, 2025

Dangote–Farouk Saga: Why Damning Claims Brought Down Oil Sector Giants By Dr Marcel Mbamalu In a stunning turn of events, high-profile resignations have rocked Nigeria’s oil sector, leaving many wondering what’s really going on. The sudden exits of Farouk Ahmed and Gbenga

Business·News·Top Stories

Dangote Explains Why Cement Costs More in Nigeria Than Abroad

December 22, 2025

Nigerian billionaire industrialist Aliko Dangote has attributed the higher cost of cement sold locally to Nigeria’s heavy tax regime and regulatory burden, saying fiscal policies make domestically sold cement more expensive than exports, Prime Business Africa reports. Dangote made the remarks amid

News·Top Stories

Papiri Kidnap Saga Ends as Last Batch of Abducted Pupils Regain Freedom

December 22, 2025

All the remaining 130 schoolchildren and teachers abducted from St. Mary’s Catholic Primary and Secondary Schools in Papiri, Niger State, have regained their freedom, bringing to an end one of Nigeria’s largest mass school kidnappings in recent years, Prime Business Africa reports.

Business·News

Heirs Energies Agrees $750m Afreximbank Financing to Drive Long-Term Growth

December 21, 2025

Heirs Energies Limited, Nigeria’s leading indigenous integrated energy company, has executed a USD 750 million financing with the African Export–Import Bank (Afreximbank). The transaction was concluded at a signing ceremony in Abuja on Saturday 20th December 2025, attended by Mr. Tony

News·Top Stories·World News

Morocco Detains Alleged Italian Mafia Boss, Wife as Rome Pushes for Extradition

December 21, 2025

Moroccan authorities have arrested and detained alleged Italian mafia boss Patrizio Forniti and his wife, Monica Montenero, in Casablanca, setting the stage for a complex legal battle over extradition to Italy, Prime Business Africa reports. Italian prosecutors are seeking the couple’s transfer

Entertainment·News

NFVCB Orders Title Review of Controversial Nollywood Film After CAN Protest

December 21, 2025

Nigeria’s film regulator, the National Film and Video Censors Board (NFVCB), has ordered a review of the title of the Nollywood movie “A Very Dirty Christmas” following protests by the Christian Association of Nigeria (CAN), Prime Business Africa report. NFVCB Director-General, Shaibu

News

Fire Hits FIRS Office Amid Tax Law Discrepancy Concerns

December 21, 2025

A fire outbreak has damaged part of an office of the Federal Inland Revenue Service (FIRS) in Abuja, amid ongoing public controversy over alleged discrepancies in recently passed tax reform bills, Prime Business Africa reports. In a statement issued on Saturday, FIRS

FEATURES

PayPal’s Nigeria Re-Entry Raises Hard Questions About Inclusion, Accountability, Market Power

December 21, 2025

Reports that PayPal has restored full services to Nigerian users have triggered renewed debate across the country’s digital economy, with analysts, freelancers and fintech observers urging caution rather than celebration. For many Nigerians, PayPal’s return is not being viewed as an act

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 after collapsing at his residence in Abuja on 19 December 2025. Prime Business Africa gathered that the former lawmaker collapsed at about 8:30 a.m. and was rushed to a nearby

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