Prime Business Africa

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Algeria Donates Four Military Helicopters to Niger as Defence Ties Deepen

August 10, 2026

Algeria has donated four military helicopters to Niger as the two countries strengthen defence and security cooperation amid persistent militant threats across the Sahel, Prime Business Africa reports. The package comprises two Mi-24 attack helicopters and two Mi-171 transport helicopters, along with

Africa·FEATURES·Security

West Africa’s Security Architecture Fractures as Nigeria, AES Pursue Separate Paths

August 10, 2026

A diplomatic dispute between Nigeria and the Alliance of Sahel States (AES) over President Bola Tinubu’s remarks on regional insecurity has exposed a deeper divide in West Africa, where countries facing increasingly interconnected security threats are pursuing separate political and military paths.

News·Nigeria·Top Stories

SERAP Sets Asset Disclosure, Vote-Buying Test for 2027 Presidential Candidates

August 10, 2026

The Socio-Economic Rights and Accountability Project (SERAP) has challenged the 19 presidential candidates listed by the Independent National Electoral Commission (INEC) for the 2027 election to put their personal finances under public scrutiny and commit to a campaign free of vote-buying, Prime

Finance & Economy·News·Top Stories

Nigeria Could Have Faced N53trn Petrol Subsidy Bill Without Reform, Revenue Chief Says

August 10, 2026

Nigeria could have faced an annual petrol subsidy bill of about N53 trillion under current market conditions if President Bola Tinubu had not scrapped the scheme, Nigeria Revenue Service Chairman Zacch Adedeji said, Prime Business Africa reports. Adedeji said the subsidy was

News·Nigeria·Oil & Gas

Nigeria Targets Up to $50bn Investment From 22 Offshore Projects

August 9, 2026

Nigeria expects 22 major offshore oil and gas projects to attract between $30 billion and $50 billion in investment between 2026 and 2030, as the country seeks to revive upstream investment, increase production and strengthen its position in the global energy market.

Africa·News·Real Estate·Top Stories

Sir Sam Jonah Escalates $500m Abuja Property Dispute to ICC Arbitration

August 9, 2026

Ghanaian businessman and mining executive Sir Sam Jonah has escalated a high-value property dispute with Nigerian authorities to international arbitration, putting the future of the 501-hectare River Park Estate in Abuja before an International Chamber of Commerce (ICC) tribunal in Paris, Prime

Events·FEATURES

Ka’el Festival: The Ethiopian Tradition Requiring Men to Gain Weight for Community Prestige

August 9, 2026

In the remote Lower Omo Valley, an annual ceremony turns body size into a measure of prestige as men spend months preparing for a competition in which physical bulk, rather than athletic ability, determines the winner. Known as Ka’el, or the “fat

Minimum Wage Decision Expected as Nigerian Labour Leaders Await President's Response ABUJA, NIGERIA – The discussions on the new minimum wage between the Federal Government and Organized Labour are anticipated to conclude today, with labour leaders keenly awaiting President Bola Tinubu's verdict on their N250,000 proposal. The Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) had set a Monday deadline for finalizing the new minimum wage talks. Last Friday, the Tripartite Committee on National Minimum Wage concluded its meetings where the Federal Government and the Organized Private Sector agreed on N62,000, while Labour demanded N250,000. However, the Nigeria Governors Forum declared that any minimum wage exceeding N60,000 would be unsustainable. A labour leader who spoke anonymously on Sunday stated, "We have submitted the report to the president and are waiting for him to make his decision. That is the most important thing and that is what we are all waiting for." The labour leaders, including NLC President Joe Ajaero, are currently attending a labour conference organized by the International Labour Organisation in Geneva, Switzerland. The leadership plans to hold a National Executive Council meeting upon their return, where a decision on a potential strike will be made based on the president's feedback. "We must come back from Geneva first before we can hold a NEC meeting. We are also trying to be careful so the government won't say Labour is inciting citizens against it. We are waiting for the president's decision," added another top NLC official. The labour unions, comprising the NLC and TUC, recently embarked on a two-day nationwide strike to demand a new minimum wage and the reversal of the electricity tariff hike. The strike was suspended for five days after a commitment was made with the Federal Government to resume negotiations and establish a new minimum wage within a week. Following a six-hour meeting between labour leaders and the National Assembly in Abuja, President Tinubu directed the finance minister, Wale Edun, to present the cost implications of a new minimum wage within two days. The finance minister, alongside the Minister of Budget and National Planning, Atiku Bagudu, presented the cost implications at the Presidential Villa on Thursday. The president is currently reviewing the proposal and is expected to make an official announcement soon. When asked about the Monday ultimatum, a source within the NLC said, "We have sent a report to the committee and are expecting the president to act on it. We will hold a National Executive Council meeting regarding the ultimatum when we return from Geneva. It is very important for us to be there, but right now, we are patiently waiting for the decision of Mr President." Organized Labour's recent actions underscore the urgency and importance of establishing a new minimum wage for Nigerian workers. The outcome of President Tinubu's decision will be crucial in determining the next steps for both the government and the labour unions. Related News: Atiku claims to have saved Tinubu's political career Debating the appropriate wage for workers Labour criticizes governors for minimum wage stance The labour leaders and the nation await the president's decision, which will significantly impact the economic and social landscape of Nigeria.

Labour·News·Nigeria

NLC Seeks Review of ₦70,000 Minimum Wage, Sets ₦500,000 Benchmark

August 9, 2026

The Nigeria Labour Congress (NLC) is preparing to reopen negotiations with the Federal Government over Nigeria’s national minimum wage, saying the ₦70,000 statutory wage has been eroded by rising living costs and no longer adequately meets workers’ basic needs, Prime Business Africa

Africa·Finance & Economy·News·Top Stories

Ghana, Jamaica Open New Frontiers for Africa-Caribbean Trade

August 8, 2026

Ghana and Jamaica are moving to deepen economic ties through a proposed maritime trade corridor linking the ports of Tema and Kingston, plans for direct air connectivity, expanded labour mobility and stronger trade incentives between Africa and the Caribbean, Prime Business Africa

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Latest

Algeria Donates Four Military Helicopters to Niger as Defence Ties Deepen

West Africa’s Security Architecture Fractures as Nigeria, AES Pursue Separate Paths

SERAP Sets Asset Disclosure, Vote-Buying Test for 2027 Presidential Candidates

Nigeria Could Have Faced N53trn Petrol Subsidy Bill Without Reform, Revenue Chief Says

Nigeria Targets Up to $50bn Investment From 22 Offshore Projects

Sir Sam Jonah Escalates $500m Abuja Property Dispute to ICC Arbitration

Ka’el Festival: The Ethiopian Tradition Requiring Men to Gain Weight for Community Prestige

NLC Seeks Review of ₦70,000 Minimum Wage, Sets ₦500,000 Benchmark

Ghana, Jamaica Open New Frontiers for Africa-Caribbean Trade

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