Prime Business Africa

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I’m Ready To Lose Money To Give Nigerians Cheap Fuel – Dangote

Dangote Opens $1.6 Billion Refinery IPO, Sets Minimum Investment at N5,250

September 7, 2026

Nigerian billionaire Aliko Dangote on Monday, Sept. 7, signed documents for an initial public offering of Dangote Petroleum Refinery and Petrochemicals, seeking to raise about 2.15 trillion naira ($1.63 billion) to finance an expansion of the refinery, Prime Business Africa

Business News·Top Stories

USD Rate Drops, Naira Gains Against Pound In Official Window

September 7, 2026

by Prime Business Africa

Foreign currency traders offered the United States dollar (USD) at N1,320.55 kobo per $1 on Monday in the Nigerian foreign exchange market (NGX). Dollar: Naira Gains Against USD They reduced their asking price by N0.66 kobo compared to the N1,321.21

UAC Nigeria Overcomes Soaring Expenses To Post N34bn Profit

UAC Nigeria generated N364.97 billion in revenue between January and June 2026, surpassing the N110.40 billion recorded in the first half (H1)

UNN Law Class of ’86 Elects New Executive, Earmarks ₦1.5m for Student Prizes Ahead of 40th Anniversary

The University of Nigeria, Nsukka (UNN) Faculty of Law Class of 1986 has elected a new executive to steer its affairs and

Business

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 News·Top Stories

Zichis, Aradel Raise NGX Market Valuation By N1trn

September 7, 2026

The Nigerian Exchange (NGX) increased in value on Monday after the market capitalisation closed at N160.60 trillion. According to the NGX, the market capitalisation

Business News·Top Stories

Naira Depreciates As FX Traders Increase USD, Pound, Euro Rates

September 4, 2026

The naira depreciated in value by 0.42 percent in the Nigerian foreign exchange market (NFEM) on Friday, after the foreign exchange (FX) rate of

Business News·World News

UN Backs African-Led Push to Correct World Map Distortions

September 4, 2026

The United Nations General Assembly has backed an African-led push for world maps that more accurately reflect the relative size of continents, supporting efforts

Business News·Top Stories

NGX Market Cap Rises By N405bn Amid Gains In Abbey Bank, Nigerian Breweries

September 4, 2026

The market capitalisation of the Nigerian Exchange (NGX) increased further on Friday to N159.55 trillion, rising by N405.67 billion from the N159.15 trillion reported

Preline Limited Splashes N17.55 billion On Eterna Plc’s Shares

Business News·Top Stories

Eterna Grows Profit By 388% — Despite N203m FX Loss In H1 2026

September 4, 2026

Eterna Plc grew its revenue to N217.31 billion in the first half (H1) of 2026, exceeding the N157.65 billion generated in H1 2025, representing

Politics

News·Nigeria·Politics·Top Stories

Obi Puts Security, Jobs, Basic Services at Centre of 2027 Campaign

September 7, 2026

Peter Obi, presidential candidate of the National Democratic Congress (NDC) for Nigeria’s 2027 election, said security, employment and access to basic public services would be central to his campaign after engagements with communities in Kogi, Benue and Enugu states Prime Business Africa reports. Obi said residents he met during the visits raised concerns about insecurity, unemployment, healthcare, education and

Africa·News·Politics

Madagascar Ex-Senate President Sentenced to 10 Years Over Protest Crackdown

September 4, 2026

Madagascar’s former Senate president Richard Ravalomanana was sentenced to 10 years of

Africa·News·Politics

Uganda Army Chief Declares Bid for 2031 Presidency

September 2, 2026

Uganda’s Chief of Defence Forces, General Muhoozi Kainerugaba, has formally declared his

Kaduna Election Tribunal Declares 2023 Governorship Race Inconclusive, Ousts Uba Sani from APC

Opinion·Politics·Top Stories

Governor Uba Sani: Saint or Strategy?

September 2, 2026

Kaduna politics has a way of turning yesterday’s allies into today’s accusers.

Africa·News·Politics

Tanzania Swears in Ndejembi as Vice President After Abrupt Nchimbi Exit

August 31, 2026

Tanzania has sworn in Deogratius John Ndejembi as vice president, replacing Emmanuel

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

Business News·Technology·Top Stories·World News

Samsung Shares Slide 8% as Record Return Plan Disappoints Investors

August 24, 2026

Shares of Samsung Electronics fell more than 8% in early trading on Monday after investors reacted negatively to the South Korean technology giant’s record

Data Coverage: 90% Of Nigerian Adults Now Captured By NIMC - Bosun Tijani

News·Nigeria·Technology·Top Stories

Nigeria Sets October 1 for New Digital Postcode System

August 19, 2026

Nigeria will roll out its new National Digital Alphanumeric Postcode System on Oct. 1, 2026, giving addressable locations unique digital codes as the government

News·Technology·World News

Meta, TikTok Tighten Action on Migration Misinformation After Ceuta Crisis

August 14, 2026

Meta and TikTok have agreed to strengthen their response to false and potentially dangerous information linked to migration attempts into Spain’s North African enclave

News·Technology·Top Stories

How Google Turned Gemini Into a 1 Billion-User AI Platform

August 12, 2026

Google has pushed its Gemini artificial intelligence assistant past 1 billion monthly active users, marking a major milestone in the company’s effort to turn

News·Technology·Top Stories

NCDMB ICT Centre to Drive Digital Learning, Human Capital Development in Akwa Ibom – Minister

July 27, 2026

The Minister of State for Petroleum Resources (Gas), Rt. Hon. Obongemem Ekperikpe Ekpo, has commended the Nigerian Content Development and Monitoring Board (NCDMB) for

Sport

Africa·News·Sports·Top Stories

Nairobi Enters Race to Host 2029 World Athletics Championships

August 11, 2026

Nairobi has formally submitted its bid to host the 2029 World Athletics Championships, seeking to make the Kenyan capital the first African city to stage the sport’s flagship global event, Prime Business Africa reports. The bid puts Nairobi in contention alongside London, Rome and Munich for the hosting rights. Kenya’s government has pledged full support for the bid, including the

News·Sports·World News

Moroccan Football Prospect Dies in Attempted Sea Crossing to Spain

August 7, 2026

Moroccan footballer Faten Ben Amar El Azizi, 20, died while attempting to

News·Sports·Top Stories·World News

7-Foot-6 Australian Teenager Jongkuch Mach Emerges Basketball’s Latest Global Sensation

July 31, 2026

An Australian teenager with a rare physical profile is attracting global attention

Opinion·Sports·Top Stories

World Cup that Ate the world – The Good, the Bad, the Bizarre… and the VAR

July 20, 2026

By Jude Dike There are World Cups. Then, there are World Cups

News·Opinion·Politics·Sports·World News

Donald Trump, FIFA And The Danger Of Inserting Politics Into Football

July 17, 2026

President Donald Trump spoke to reporters at the White House on Monday,

Markets

Business News·Markets·Top Stories

Top 5 Best-Performing Industrial Goods Stocks In Q1 2026

June 24, 2026

Shareholders in Nigeria’s industrial goods sector recorded massive returns in the first quarter of 2026, with nine out of 11 listed companies posting double-digit

Business News·Markets·Top Stories

Naira Weakens Against Dollar, Gains On Pound, Euro In Official Market

June 11, 2026

On Thursday, the official foreign exchange (FX) rate for the United States dollar (USD) increased by N1.77 kobo in the Nigerian foreign exchange market

How Investments In Nigerian Pharmaceutical Shares Performed In Q1 2026

Business News·Markets·Top Stories

Q1 2026: Four Pharma Stocks Reward Investors, One Bleeds N14.8bn

June 11, 2026

Only one of five pharmaceutical firms listed on the Nigerian Exchange saw shareholders’ investment shrink in Q1 2026. The other four delivered gains totaling

Dangote Cement's Revenue Soars, But Production Costs Rise 45% In Tandem

Business News·Insights·Markets·Top Stories

Dangote Revives London Listing Plan for $13bn Cement Empire

May 7, 2026

Aliko Dangote is dusting off a decade-old plan to list his cement business in London, in a move that could give the UK capital

Africa·Agro-Economy·Markets·News·Nigeria·Top Stories

Nigeria, Ghana Reopen Onion Trade Corridor After Lifting Restrictions

April 7, 2026

Cross-border onion trade between Nigeria and Ghana has resumed following the lifting of restrictions that had halted shipments and stranded dozens of trucks along

Latest

Africa·News·Oil & Gas·Top Stories

Dangote Opens $1.6 Billion Refinery IPO, Sets Minimum Investment at N5,250

September 7, 2026

Nigerian billionaire Aliko Dangote on Monday, Sept. 7, signed documents for an initial public offering of Dangote Petroleum Refinery and Petrochemicals, seeking to raise about 2.15 trillion naira ($1.63 billion) to finance an expansion of the refinery, Prime Business Africa reports.

Business News·Top Stories

USD Rate Drops, Naira Gains Against Pound In Official Window

September 7, 2026

Foreign currency traders offered the United States dollar (USD) at N1,320.55 kobo per $1 on Monday in the Nigerian foreign exchange market (NGX). Dollar: Naira Gains Against USD They reduced their asking price by N0.66 kobo compared to the N1,321.21 kobo per

Business News·Top Stories

Zichis, Aradel Raise NGX Market Valuation By N1trn

September 7, 2026

The Nigerian Exchange (NGX) increased in value on Monday after the market capitalisation closed at N160.60 trillion. According to the NGX, the market capitalisation surged by N1.04 trillion from the N159.55 trillion reported on Friday. The bourse reported that the all-share index

Business News·Top Stories

UAC Nigeria Overcomes Soaring Expenses To Post N34bn Profit

September 7, 2026

UAC Nigeria generated N364.97 billion in revenue between January and June 2026, surpassing the N110.40 billion recorded in the first half (H1) of 2025, indicating a 230.57 percent growth. The same was seen in the company’s cost of sales, which surged 217

News·Nigeria·Top Stories

El-Rufai Family Gives Nigeria’s Defence Minister Seven Days to Substantiate Killings Allegation

September 7, 2026

Mohammed Bello El-Rufai, son of former Kaduna State governor Nasir El-Rufai, has given Defence Minister Christopher Musa seven days to substantiate an allegation that his father deliberately planned killings in Southern Kaduna or retract the claim and apologise, Prime Business Africa reports.

Kenyan President, Ruto, Seek End To Dollar Payment Among African Traders

Africa·News·Top Stories

Ruto Crackdown Prompts Foreign Traders to leave Kenya, Burundians seek Travel Papers

September 7, 2026

Kenya’s crackdown on foreign nationals operating small-scale businesses has heightened anxiety among Burundian and other East African traders, with some seeking travel documents or preparing to leave the country, Prime Business Africa reports. President William Ruto announced on Sept. 2 that

Africa·News·Top Stories

Tanzania President’s Husband Dies While Receiving Treatment in Zanzibar

September 7, 2026

Hafidh Ameir Hassan, husband of Tanzanian President Samia Suluhu Hassan, died on Monday while receiving treatment for a heart condition in Zanzibar, the vice president said, Prime Business Africa reports. Vice President Deogratius Ndejembi said Ameir died at about 8 a.m.,

News·Top Stories·World News

Jamaica Seeks Legal Review of Britain’s Slavery Reparations Obligations

September 7, 2026

Jamaica will today Monday, Sept. 7 petition King Charles III to refer three legal questions on the transatlantic slave trade to the Judicial Committee of the Privy Council, escalating its campaign to secure reparations from Britain. A delegation led by Culture

Africa·News·Top Stories

Nigeria, ECOWAS Diplomacy Facilitates Koroma’s Return to Sierra Leone

September 7, 2026

Nigeria has facilitated the return of former Sierra Leone President Ernest Bai Koroma to Freetown after more than two years in temporary relocation, following a regional diplomatic process involving the Economic Community of West African States, Nigeria and other stakeholders. Nigeria’s Foreign

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