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Nigerian Govt To Probe Ajaokuta Steel N33bn Electricity Debt Amid TCN Disconnection

FG Advances $2bn China-Backed Plan to Revive Ajaokuta Steel

February 27, 2026

The Federal Government has stepped up high-level negotiations with Chinese investors to revive the 42-year-old Ajaokuta Steel Company, unveiling a proposed $2 billion investment anchored on a production-sharing model aimed at restoring large-scale steel manufacturing in Nigeria. Director-General and Global Liaison of

Business·Top Stories

Dollar Sold At N1,363/$ In Official Window, Trades Flat In Black Market

February 27, 2026

During trading in the black market on Friday, February 27, the foreign exchange (FX) rate for the United States dollar (USD) was N1,382.76 kobo per $1. According to Naira Rates, the black market aggregator, this is the same FX rate for the

Business·Top Stories

Sell Off In Meyer, Champion Brew Reduce NGX Market Cap By N475bn

February 27, 2026

The market capitalisation of the Nigerian Exchange (NGX), also known as the stock market, decreased by N475.62 billion to N123.76 trillion on Friday, February 27. According to the NGX, the market capitalisation dropped from the N124.23 trillion recorded on Thursday, February 26.

Opinion

Promises, Not Power: Why the New IGP Disu Must Get It Right

February 27, 2026

A few days ago, President Bola Tinubu accepted the resignation of Inspector-General of Police Kayode Egbetokun and appointed Assistant Inspector-General Tunji Disu as acting IGP in a swearing-in ceremony at the State House, Abuja. The official line from the presidency is that

Business·News

IFGreen Industries Switches to Solar, Commissions Hybrid Power System in Epe

February 27, 2026

IFGreen Industries & Investment Ltd has commissioned a Hybrid Solar Photovoltaic (PV) and Battery Energy Storage System (BESS) at its production facility in Epe, Lagos, marking its transition from diesel-powered operations to renewable energy, Prime Business Africa reports. The agro-allied processing firm

MTN Shareholders, Karl Toriola Lose N581.57bn Within Three Days

Business·Top Stories

MTN Nigeria’s Voice Revenue Contribution Drops, Data Accounts For 53% Of Turnover

February 27, 2026

The voice turnover to MTN Nigeria’s total revenue dropped from 38.77 percent in 2024 to 35.55 percent in 2025, according to Prime Business Africa’s analysis. Although the voice revenue increased last year to N1.85 trillion, surpassing the N1.30 trillion earned from the

Finance & Economy·News·Top Stories

Nigeria’s GDP Grows by 4.07% in Q4 2025 – NBS

February 27, 2026

Nigeria’s Gross Domestic Product (GDP) expanded by 4.07 per cent year-on-year in real terms in the fourth quarter of 2025, according to the latest report released by the National Bureau of Statistics (NBS). The growth rate is higher than the 3.76 per

News·Top Stories

Court Voids Malami’s Bail, Orders Fresh Application, Remands Ex-AGF, Wife, Son in Kuje, Suleja

February 27, 2026

The trial of former Attorney-General of the Federation, Abubakar Malami (SAN), took a dramatic turn on Friday after a Federal High Court in Abuja nullified the bail earlier granted to him, ruling that it ceased to have effect following the reassignment of

News·Politics·Top Stories

Adamawa Governor Fintiri Swaps PDP for APC in Strategic Realignment

February 27, 2026

In a landmark political development, Governor Ahmadu Umaru Fintiri of Adamawa State has officially left the Peoples Democratic Party (PDP) to join the All Progressives Congress (APC), signalling a major shift in the state’s political landscape, Prime Business Africa reports. In a

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Latest

FG Advances $2bn China-Backed Plan to Revive Ajaokuta Steel

Dollar Sold At N1,363/$ In Official Window, Trades Flat In Black Market

Sell Off In Meyer, Champion Brew Reduce NGX Market Cap By N475bn

Promises, Not Power: Why the New IGP Disu Must Get It Right

IFGreen Industries Switches to Solar, Commissions Hybrid Power System in Epe

MTN Nigeria’s Voice Revenue Contribution Drops, Data Accounts For 53% Of Turnover

Nigeria’s GDP Grows by 4.07% in Q4 2025 – NBS

Court Voids Malami’s Bail, Orders Fresh Application, Remands Ex-AGF, Wife, Son in Kuje, Suleja

Adamawa Governor Fintiri Swaps PDP for APC in Strategic Realignment

Featured Stories

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Ellah Lakes’ N235 Billion Public Offer Falls Flat: Investors to Receive Refunds

Iran Unrest Rekindles as Students Rally Against Leadership, Trump Warns Tehran to Strike ‘Fair Deal’

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Nigeria Ports See Strong Flow of Food, Fuel Imports Amid Ongoing Price Pressures

Seven Killed in Plateau State Community Buried Amid Protests

NCDMB Launches Clinical Skills Lab at Bayelsa Medical University

Aston Martin to Cut 20% of Workforce Over Rising Losses

CPPE Warns Nigeria’s $6bn Capital Inflow Surge May Be Fragile Despite Rebound

Ellah Lakes’ N235 Billion Public Offer Falls Flat: Investors to Receive Refunds

Week Ahead: Nigeria CPI Cools, US-Iran Talks & US PCE in Focus

Saudi Arabia Condemns ‘Cowardly’ Iranian Attacks on Riyadh, Eastern Province

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