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Forex Transactions Decline By $89.61 Million As Dollar Rate Surges

Nigeria’s External Reserves Drop By $847m Since Reaching 17-Year High

April 3, 2026

Nigeria’s foreign exchange (FX) reserves plunged by 1.69 percent in almost one month since the reserves reached a 17-year high on March 11, according to data obtained from the Central Bank of Nigeria (CBN). Checks by Prime Business Africa showed that the

Ellah Lakes Shareholders Stuck With Shares Institutional Investors Don't Want

Business News·FEATURES·Top Stories

New Major Investor Quietly Takes Over Ellah Lakes As CEO, Enotie Ogbebor Offload Shares

April 3, 2026

In 2025, a period Ellah Lakes failed to raise N235 billion through public offering and private placement due to stock traders in the Nigerian Exchange (NGX) snubbing the firm’s offer, major investors in the company quietly offloaded part of their shares. Prime

News·Top Stories·World News

US F-15E Shot Down Over Iran as IRGC Claims F-35 Kill, Rescue Mission Underway

April 3, 2026

A United States fighter jet has been shot down over Iran, triggering an urgent search-and-rescue operation for two crew members, in what marks the first confirmed loss of a U.S. manned aircraft since the outbreak of hostilities between Washington and Tehran in

FX Crisis: Financial Expert Urges Diversification To Reduce Dollar Dependence

Business News·FEATURES·Top Stories

Dollar Trades Upward At N1,408/$, Pound At N1,919/£

April 3, 2026

There was no significant changes in the foreign exchange (FX) rate for the United States dollar (USD) in the black market on Friday, April 4, according to Naira Rates, the parallel market aggregator. During trading, the aggregator said the American greenback was

News·Top Stories

Tinubu Explains Airport Meeting With Plateau Attack Victims, Cites Logistics, Security Talks With Chad

April 3, 2026

President Ahmed Tinubu on Friday defended his decision to meet victims of recent attacks in Plateau State at the airport in Jos, citing tight scheduling constraints, security considerations, and logistical limitations. In a State House press release issued by his Special Adviser

Opinion·Politics

AMUPITAN’S time to win it or lose it all

April 3, 2026

By Emmanuel Nnadozie Onwubiko Nigeria has fully entered an election circle given that the constitutionally empowered agency to organise, oversee and deliver the general election in January 2027, has already blown the whistle for the commencement of political activities. Political parties have

Top Most Indebted African Countries In 2025

Finance & Economy·Insights·Opinion

Rising Debt, Lingering Insecurity: What Is Nigeria Really Funding?

April 3, 2026

The National Assembly has, as usual approved a fresh $6 billion external loan request by President Bola Tinubu, in a process concluded with notable speed. The government has justified the borrowing as necessary to finance budget deficits, support infrastructure development and stabilise

I Didn’t Justify Hamas Terror Acts, UN Sec Gen Guterres Replies Israel

News·Top Stories·World News

UN Chief Urges Immediate Halt to Hostilities as Middle East Tensions Threaten Global Economy

April 3, 2026

United Nations Secretary-General António Guterres has issued a stark warning to major powers involved in the escalating Middle East conflict, calling for an immediate cessation of hostilities amid rising fears of a broader regional war and worsening global economic disruption. Speaking at

News·Top Stories·World News

Cuba to Release Over 2,000 Prisoners in Holy Week Amnesty Amid U.S. Tensions

April 3, 2026

Cuba has announced plans to release more than 2,000 prisoners as a humanitarian gesture during the Holy Week period, in a move that comes against the backdrop of renewed tensions with the United States. State authorities said approximately 2,010 inmates would be

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Latest

Nigeria’s External Reserves Drop By $847m Since Reaching 17-Year High

New Major Investor Quietly Takes Over Ellah Lakes As CEO, Enotie Ogbebor Offload Shares

US F-15E Shot Down Over Iran as IRGC Claims F-35 Kill, Rescue Mission Underway

Dollar Trades Upward At N1,408/$, Pound At N1,919/£

Tinubu Explains Airport Meeting With Plateau Attack Victims, Cites Logistics, Security Talks With Chad

AMUPITAN’S time to win it or lose it all

Rising Debt, Lingering Insecurity: What Is Nigeria Really Funding?

UN Chief Urges Immediate Halt to Hostilities as Middle East Tensions Threaten Global Economy

Cuba to Release Over 2,000 Prisoners in Holy Week Amnesty Amid U.S. Tensions

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Must Our Girls Scream Before We Hear Them?

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Lithium: New Oil, Same Curse?

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Kenya Confirms Four New Ebola Cases, Total Rises to Seven

UBA Wins ₦156 Billion Debt Recovery Ruling Against Stallion Group

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UBA Opens Subscription Channel for Dangote Refinery IPO, Invites Investors to Participate

Nigeria Brokers Fresh Push to Mend ECOWAS Rift With Sahel Bloc

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