Author: Prima News

Nigeria’s banking industry is entering one of the most significant transformation periods since the 2005 banking consolidation exercise. The Central Bank of Nigeria’s (CBN) ongoing recapitalisation programme is more than a regulatory requirement—it is a strategic investment in the country’s financial future. If implemented successfully, it has the potential to strengthen financial stability, deepen credit access, improve investor confidence, and support a more inclusive and resilient economy.In March 2024, the CBN announced new minimum capital requirements for commercial, merchant and non-interest banks. Under the new framework, international commercial banks are required to maintain a minimum paid-up capital of ₦500 billion,…

United Capital Plc has declared an interim dividend of 30 kobo per ordinary share for the six months ended June 30, 2026, following its strong half-year financial performance. The dividend, which is subject to applicable withholding tax and shareholder approval, will be paid to shareholders whose names appeared in the company’s register of members at the close of business on Monday, July 27, 2026. According to the company’s corporate action announcement, the register of shareholders will be closed from Tuesday, July 28, 2026, to Wednesday, July 29, 2026, to determine shareholders eligible for the interim dividend. Qualified shareholders who have…

Nigeria’s young entrepreneurs are not waiting for jobs; they are trading, building, crafting, and serving customers every day. What has kept their hustle from becoming enterprise is not ambition, but access: working capital, a credit history, and a formal route into the financial system. Today, the Nigerian Consumer Credit Corporation (CREDICORP) closed that gap with the launch of YouthCred for Entrepreneurs, a national credit line for young business owners, the third and most ambitious phase of the YouthCred programme, delivered at the Federal Ministry of Finance Auditorium in Abuja. Today’s launch is a promise kept. In his Democracy Day address,…

S&P Global announced Tuesday that it has agreed to acquire a majority stake in Agusto & Co., a leading Pan-African rating agency with operations in Nigeria, Kenya, Rwanda and Ghana. The investment, a strategic step for both companies, will complement and support the growth strategy of the S&P Global Ratings division in Africa. The company said in a statement that by combining S&P Global’s international expertise and resources with Agusto & Co.’s strong Pan-African presence and reputation for excellence, the partnership aims to expand market insights, strengthen credit transparency, and support market participants across the region. “We are delighted to…

News » Premier League news » Chelsea newsJuly 27, 2026 20:55 GMT (UK), by Sri Aswin View Chelsea summer 2026 transfer targets Chalobah wanted by Como Serie A club Como are determined to land the signature of Chelsea centre-back Trevoh Chalobah, according to journalist Alfredo Pedulla. The England international has been deemed surplus to requirements by the Blues, and he is free to leave the club for the right price this summer.Como have already made a bid worth £25m for his services, but the Blues are looking for at least £30m to part ways with their club graduate.This has put negotiations on hold in recent days,…

By John Charles The Benue State Government has said a suspected case of Mpox reported in Korinya Community, Konshisha Local Government Area of the state, was clinically assessed to be chickenpox (varicella), ruling out fears of an outbreak. The Commissioner for Health and Human Services, Dr Paul Ogwuche, disclosed this in a statement issued on Monday and made available to journalists in Makurdi. Ogwuche had last Friday announced that the ministry was investigating a suspected case of Mpox reported in Korinya Community. Releasing the findings of the investigation, the commissioner said the case was thoroughly examined by the ministry’s Public…

Weeks before its expected acquisition by SpaceX closes, AI coding startup Cursor is making its biggest push into India yet, launching its first country-specific subscription as the company bets on one of the world’s largest developer markets to drive its next stage of growth. On Monday, the startup introduced Cursor Start, a ₹649-a-month (about $7) subscription built specifically for India — and priced well below Cursor’s standard $20-a-month Pro subscription. The move reflects India’s growing importance to Cursor’s business. The startup says India is already its third-largest market globally and home to its highest concentration of power users, with its…

Awele Elumelu has encouraged young Africans to pursue excellence and global success. NewsOnline Nigeria reports that the Chairperson of Transcorp Hotels Plc, Avon Healthcare Limited and Heirs Insurance Brokers, Dr. Awele Elumelu, has called on young African entrepreneurs to believe in their potential, saying the continent is rich with untapped talent capable of achieving global success when supported with the right opportunities. Speaking at an entrepreneurship event, Elumelu encouraged aspiring business leaders to remain resilient and pursue excellence, noting that Africa’s growing influence on the global stage demonstrates what is possible with determination, training and access to capital.  Drawing inspiration from the international…

The United States Mission in Nigeria has reminded Nigerian-American dual citizens that they must use a valid U.S. passport when entering or departing the United States, warning that the use of foreign passports could lead to travel complications. In a statement posted on its official X account on Sunday, the mission said the requirement applies to all U.S. citizens, including children who hold dual nationality. According to the mission, U.S. law requires American citizens to enter and leave the country using a valid U.S. passport, regardless of whether they also hold the passport of another country. The mission also cautioned…

The Democratic Republic of the Congo (DRC) has recorded 3,200 confirmed Ebola cases, including 1,405 deaths, as the outbreak continues to spread across six provinces, according to the country’s latest situation report. The report, which covers data up to Saturday, showed that 571 patients have recovered, while 773 others remain in isolation and under medical supervision. Within the previous 24 hours, health authorities recorded 125 new infections and 51 deaths, underscoring the continued transmission of the virus. Ituri remains epicentre The outbreak, declared on 15 May, is caused by the Bundibugyo strain of the Ebola virus, which has no approved…