Author: Prima News

Moniepoint Microfinance Bank is making the Dangote Petroleum Refinery’s initial public offering available to retail investors through its nationwide network of point-of-sale terminals and digital banking platforms. The lender, working with payments infrastructure provider TeamApt Ltd., said on Thursday that customers can subscribe for shares through Moniepoint agent locations, as well as its Personal and Business Banking applications. The arrangement is intended to allow investors to participate without having to rely solely on conventional brokerage or banking channels. The offering is priced at N525 per share, with investors able to subscribe for a minimum of 10 shares and a maximum…

By Adedapo Adesanya Nigeria’s digital investment platforms came under pressure this week as retail investors rushed to subscribe to the initial public offering of Dangote Petroleum Refinery, with outages reported on some platforms. The disruptions followed the launch of the $1.6 billion IPO, which is seeking broad participation from retail investors through banks, mobile operators and fintech platforms. Bamboo, one of Nigeria’s largest digital investment platforms, said traffic on its app surged to 10 times normal levels within 30 minutes of the IPO opening on Monday. The company’s Co-founder and Chief Operating Officer, Mr Yanmo Omorogbe, said the surge overwhelmed…

(FILES) Kim Yo Jong, sister of North Korea’s leader Kim Jong Un, attends a reception in the Great Hall of People following a military parade marking the 80th anniversary of victory over Japan and the end of World War II, in Beijing on September 3, 2025. The Workers’ Party Central Committee on February 23, 2026, named Kim Yo Jong — previously a deputy department director — as a full department director, Pyongyang’s official Korean Central News Agency (KCNA) said. (Photo by Jade Gao / AFP) The powerful sister of North Korean leader Kim Jong Un accused the United States of…

Gov. Alex Otti of Abia says he will neither be a godfather nor impose his successor on the state after serving his second tenure in 2031. Otti spoke on Thursday in Umuahia, while receiving a former Social Democratic Party Gubernatorial Candidate, Mrs Ngozi Johnson-Chukwunenye, and her supporters into the Labour Party (LP). He said that leadership succession should be based on identifying the most suitable person for the job, rather than perpetuating a “sit-tight” culture. He said that the person who would succeed him would be better equipped to provide quality leadership to the people. Otti said: “The most important thing you…

England forward Princess Ademiluyi, who is of Nigerian descent, was consoled by Nigeria’s players and staff after the Falconets defeated the Young Lionesses 3-0 in the Round of 16 of the 2026 FIFA U-20 Women’s World Cup in Poland. Ademiluyi started the match and was one of England’s biggest attacking threats, but Nigeria goalkeeper and captain Christiana Uzoma produced several important saves to deny her. Nigeria took the lead in the eighth minute through Tosin Rafiu, who finished after breaking into the England penalty area. Ademiluyi came close to an equaliser when she was played through by Vera Jones, but…

The warning comes from the UN Children’s Fund (UNICEF) which said that more than 57,000 children have been displaced in just the past two weeks while others have been killed, injured or reported missing.“Children in Yemen were already living through one of the world’s most grave humanitarian crises, and many have known little but conflict and displacement,” said Edouard Beigbeder, UNICEF Regional Director for the Middle East and North Africa.“For children who have already endured years of hunger, displacement and disrupted schooling, this latest violence is eroding what little stability they had left.” Children killed and injuredYemeni Government forces, supported by…

If you’ve been on the fence about volunteering at TechCrunch Disrupt 2026, this is your sign to stop deliberating and start applying.  Spots are filling up fast. And honestly? This is one of those rare opportunities you don’t want to miss.  Here’s what you’re walking away from if you don’t apply  With three days inside one of the most strategically important tech events of the year, you’ll see how founders pitch billion-dollar ideas. You’ll watch the best operators and VCs at work. You’ll understand the mechanics of how the startup ecosystem actually functions — the kind of insider knowledge that…

A missed loan payment is rarely the first sign of trouble. The warning signs of financial distress usually appear weeks or months before a borrower actually defaults.The challenge for traditional financial institutions is not a lack of borrower data, but rather, their existing credit infrastructure is not built to analyse continuous data flows. Most legacy decisioning engines are built for rule-based origination – highly effective at checking fixed criteria to approve a loan on Day One, but blind to the subtle, daily cash movements that signal distress. Consequently, traditional banks only react when a payment is formally missed, at which…

Ethiopian Airlines will expand its Nigerian network with the launch of scheduled passenger flights to Port Harcourt from December 1, 2026, making the Rivers State capital its fifth destination in the country. The new service will operate four times weekly on Mondays, Tuesdays, Thursdays and Saturdays, connecting Port Harcourt directly with the airline’s Addis Ababa hub and providing onward connections to destinations across Africa, Europe, Asia, the Middle East and the Americas. According to the schedule released by the airline on Thursday, Flight ET945 will depart Addis Ababa at 9:30 a.m. and arrive in Port Harcourt at 12:25 p.m. The…

The Federal High Court in Abuja has sentenced a 38-year-old South African woman, Jessica Will, to 25 years in prison for importing 5.75 kilogrammes of heroin into Nigeria. The trial judge, Obiora Egwuatu, sentenced Ms Will on Thursday after she pleaded guilty to two counts brought against her by the National Drug Law Enforcement Agency (NDLEA). She was sentenced to 15 years on the first count and 25 years on the second, with the sentences to run concurrently. The NDLEA disclosed this in a statement by its Director of Media and Advocacy, Femi Babafemi, on Thursday. How she was arrested…