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Business
South Africa’s inflation rises for first time in 3 months ahead of Iran-driven oil shock
…joins Egypt, Nigeria, Kenya as price pressures re-emerge across Africa South Africa’s inflation edged higher for the first time in three months in March, even before the full impact of the Iran-linked oil shock filtered into domestic fuel prices—signalling renewed price pressures in Africa’s most industrialised economy. The uptick comes amid rising global uncertainty triggered […] read more South Africa’s inflation rises for first time in 3 months ahead of Iran-driven oil shock
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Electric vehicle adoption in Nigeria: Implications of the 2026 Fiscal Policy reforms
The Nigerian government has approved the 2026 Fiscal Policy Measures (FPM), which took effect on 1st April 2026. These measures introduce substantial reductions in import duties on vehicles, food items, and industrial machinery, with the aim of curbing inflation and boosting local production. Notably, import duties on vehicles have been reduced from 70% to 40%, […] read more Electric vehicle adoption in Nigeria: Implications of the 2026 Fiscal Policy reforms
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Plateau files charges against five over Jos North killings
Weeks after Bola Tinubu visited Plateau State and pledged justice for victims of persistent attacks, the state government has filed charges against five suspects arrested by the Department of State Services (DSS) over the March killings in Angwa-Rukuba, Jos North Local Government Area. The charges, filed by Phillimon Dafffi, the State Attorney General accused Isa […] read more Plateau files charges against five over Jos North killings
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Dismissed soldier, kidnap suspects nabbed as Police dismantle criminal networks 
The Nigeria Police Force has arrested a dismissed soldier who allegedly impersonated a serving military officer to perpetrate armed robberies, alongside several kidnapping and banditry suspects across five states. The arrests were part of coordinated operations by the Force Intelligence Department’s Special Tactical Squad (STS), which also led to the recovery of arms, stolen vehicles, […] read more Dismissed soldier, kidnap suspects nabbed as Police dismantle criminal networks 
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Yusuf moves to fill deputy governorship vacancy, nominates Garo for Assembly screening
Kano State Governor Abba Kabir Yusuf has taken steps to restore the full leadership structure in the state by forwarding the nomination of Murtala Sule Garo to the State House of Assembly for screening and confirmation as Deputy Governor. The nomination, conveyed in a statement issued on April 22, 2026, by the governor’s Chief Press Secretary, […] read more Yusuf moves to fill deputy governorship vacancy, nominates Garo for Assembly screening
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Thirty states, FCT tap UBEC N100bn, reach 8.7m learners
The scale of Nigeria’s basic education intervention is coming into clearer focus, as the Universal Basic Education Commission (UBEC) reveals that more than 30 states and the FCT have accessed its N100 billion intervention fund previously unassessed. Aisha Garba, the executive secretary at UBEC, disclosed this during the commission’s 29th quarterly meeting with executive chairmen […] read more Thirty states, FCT tap UBEC N100bn, reach 8.7m learners
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LFZ, CEVA Logistics partner to enhance integrated logistics in West Africa
Lagos Free Zone (LFZ) and CEVA Logistics have signed a joint venture (JV) agreement aimed at strengthening integrated logistics solutions across Nigeria and the wider West African region. The agreement, recently approved by the Federal Competition and Consumer Protection Commission (FCCPC), will see CEVA Logistics take a majority stake in the newly established entity, signalling […] read more LFZ, CEVA Logistics partner to enhance integrated logistics in West Africa
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Stablecoins power Nigeria’s Web3 surge as startups hits $43m
Nigerian Web3 startups raised $43 million in 2025, more than double the $20 million recorded in 2024, as stablecoin-driven financial applications attracted the bulk of investor capital, according to the Nigeria Web3 Landscape Report 2025, released by Hashed Emergent. Funding was heavily concentrated, with the finance segment accounting for 89 percent of total capital at […] read more Stablecoins power Nigeria’s Web3 surge as startups hits $43m
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Polysmart raises N13bn in oversubscribed commercial paper to deepen green manufacturing push
Polysmart Packaging Group has recorded a major funding milestone, raising N13 billion through a Non-Interest Commercial Paper (NICP) issuance that was oversubscribed by 30 percent, underscoring strong investor confidence despite cautious market conditions. The issuance, executed by Polysmart SPV Limited under its N20 billion NICP programme, exceeded its initial N10 billion offer size, highlighting robust […] read more Polysmart raises N13bn in oversubscribed commercial paper to deepen green manufacturing push
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N’Assembly adjourns over lawmaker’s death after 93 days recess in 2026
The National Assembly on Tuesday adjourned plenary in both chambers in honour of a deceased colleague, even as mounting political activities ahead of the 2027 general elections continue to thin legislative engagement and disrupt governance. The adjournment followed the announcement of the death of a member representing Dawakin Kudu/Warawa Federal Constituency of Kano State, who […] read more N’Assembly adjourns over lawmaker’s death after 93 days recess in 2026
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Akwa Ibom completes, delivers 1,048 housing units to bridge growing deficits
In a bid to bridge the growing shortfall in house, the Akwa Ibom Government has delivered 1,048 units of housing to beneficiaries within three years of Governor Umo Eno’s Administration. Both houses and landed property are in high demand in Uyo, the State capital and other major towns and cities, making the demand for houses […] read more Akwa Ibom completes, delivers 1,048 housing units to bridge growing deficits
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Bauchi Intensifies war on banditry, 20,000 bandits killed so far – Mohammed
Bauchi State Governor Bala Mohammed has hailed the success of coordinated military operations in the State, which have led to the killing of over 20,000 armed bandits. The announcement came during an expanded Security Council meeting at the Governor’s Office on Monday, where the governor shared the details of a major crackdown that had drastically […] read more Bauchi Intensifies war on banditry, 20,000 bandits killed so far – Mohammed
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Abia commits to urban renewal, transportation, housing, others
…Partners Nigerian Railway Corporation on Umuahia train station Abia State Government (ABSG) has reaffirmed its commitment to ensuring modern urban transportation, renewal and sustainable housing development with the proposed Umuahia railway project taking centre stage among several strategic initiatives. Okey Kanu, Abia State Commissioner for Information, disclosed this, Monday, while briefing newsmen on the outcome […] read more Abia commits to urban renewal, transportation, housing, others
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‘Absence of coast guards exposes gaps in Nigeria’s maritime security framework’
The Provisional Committee of the proposed Nigerian Coast Guard (PC-NCG) has said that the absence of a Coast Guard Agency has exposed gaps in the Country’s maritime security architecture. This followed a recent visit by a United States Coast Guard (USCG) delegation to assess Nigeria’s International Ship and Port Facility Security (ISPS) compliance. The USCG […] read more ‘Absence of coast guards exposes gaps in Nigeria’s maritime security framework’
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MCB sees naira trading below 1,350/USD despite Iran war
Nigeria’s naira is expected to remain largely stable despite the Iranian war that has pressured major currencies on the continent, according to a new report by Mauritius’s largest bank, MCB Group. The projected stability will be supported by the ramped-up production of the Dangote Refinery and its export into other African markets, which has reduced […] read more MCB sees naira trading below 1,350/USD despite Iran war
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Radda elevates Katsina district, village heads under Emirate law
Dikko Umaru Radda, Governor of Katsina, on Tuesday, elevated District Heads to Grade Level 16 and Village Heads to Grade Level 10 across the state. The event, held at the Government House, Katsina, marked the formal flag-off of the implementation of the new grading structure under the Emirate Law passed by the State House of […] read more Radda elevates Katsina district, village heads under Emirate law
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No ban, just blame: Inside Nigeria’s airtime credit freeze
Millions of Nigerians woke up last week to find they could no longer borrow airtime or data when their phones ran dry. MTN’s popular XtraTime and Airtel’s credit services simply stopped working. Many people blamed the Federal Competition and Consumer Protection Commission (FCCPC). But the regulator has now spoken clearly: there is no ban. In […] read more No ban, just blame: Inside Nigeria’s airtime credit freeze
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Marriage Memoirs — Part 3
DEAR WIFE, What he is hoping you already know I almost called this letter, ‘Dear Good Wife.’ I didn’t. Because in Nigeria, in our cultural memory, in the rooms where women have been quietly diminished for generations, “good wife” does not arrive neutral. It arrives with luggage. It is the phrase that has been used […] read more Marriage Memoirs — Part 3
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7 best tourist attractions in Africa in 2026
Africa offers some of the world’s most compelling travel experiences, from ancient civilisations to vast wildlife ecosystems and dramatic natural landmarks. Its destinations are as diverse as they are iconic, drawing millions of visitors each year. Below are seven of the continent’s most remarkable tourist attractions, recognised for their cultural significance, natural beauty and global […] read more 7 best tourist attractions in Africa in 2026
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Trump extends Iran ceasefire but keeps naval blockade in place
Donald Trump, US president, has announced an open ended extension of the United States ceasefire with Iran, stepping back from a planned military strike just hours before the truce was due to expire, while keeping a controversial naval blockade firmly in place. In a statement on Tuesday, Trump said Washington would delay any attack to […] read more Trump extends Iran ceasefire but keeps naval blockade in place
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Why ESG disclosure matters
Stakeholders want proof, not promises. Learn how transparency drives credibility and investment. A few years ago, sustainability conversations in many Nigerian boardrooms were largely aspirational; well-crafted vision statements, ambitious commitments, and glossy reports that spoke more to intent than to impact. Today, that landscape is shifting rapidly. Investors, regulators, customers, and communities are asking tougher […] read more Why ESG disclosure matters
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WORLD IN BRIEF: Trump extends Iran truce,UK smoking ban passed, South Africa police chief charged and other stories
Trump extends ceasefire but keeps Iran port blockade in place The United States has extended its ceasefire with Iran following a request from Pakistani officials, even as it maintains a naval blockade on Iranian ports, Donald Trump, US president has said. Trump said Washington had been asked to delay further military action to allow time […] read more WORLD IN BRIEF: Trump extends Iran truce,UK smoking ban passed, South Africa police chief charged and other stories
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Why fixing Nigeria’s power crisis must start with the discos
For many Nigerians, electricity is not a service; it is a gamble. A gamble between darkness and light, between inflated bills and unreliable supply, between promises made and promises broken. So when the federal government announced a N3.3 trillion plan to clear longstanding debts in the power sector, it sounded, at first, like long-overdue relief. […] read more Why fixing Nigeria’s power crisis must start with the discos
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Women’s empowerment in the construction industry: The BuildHer by Lafarge example
The 2025 edition of the BuildHer by Lafarge Female Tilers and Block-Laying Training Programme, a specialised empowerment initiative aimed at increasing female participation in the Nigerian construction industry, is a strong testament that with the right support, the 21st-century woman is ready to take on the world. Launched in 2021 as part of Lafarge Africa’s […] read more Women’s empowerment in the construction industry: The BuildHer by Lafarge example
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BusinessDay 22nd Apr 2026
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African economies show resilience despite rising global tensions
Africa’s private sector activity showed renewed signs of strength in the first quarter of 2026, with more economies recording expansion despite rising global uncertainty triggered by the United States–Israel–Iran conflict, a BusinessDay analysis of the latest Purchasing Managers’ Index (PMI) data from S&P Global shows. The improvement in PMI readings underscores resilient business momentum across […] read more African economies show resilience despite rising global tensions
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How Nigerian traders can survive Iran war as crisis enters eight week
The ongoing crisis involving Iran, Israel and the US has since been rippling through Nigeria’s economy, driving up fuel costs, disrupting supply chains, and forcing commodity traders to rethink how they stay in business. From petrol stations to food markets, the effects are already visible, as the higher freight costs and erratic shipping routes feed […] read more How Nigerian traders can survive Iran war as crisis enters eight week
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Like Uzoka-Anite, Tinubu’s latest cabinet reshuffle came without notice for Edun
In a move that has sent ripples through the corridors of power and the financial markets alike, President Bola Ahmed Tinubu has fundamentally recalibrated the leadership of Nigeria’s economy. The departure of Wale Edun as minister of finance and coordinating minister of the economy marks the most consequential change in a cabinet reshuffle aimed at […] read more Like Uzoka-Anite, Tinubu’s latest cabinet reshuffle came without notice for Edun
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Nigeria’s top opposition parties await decisive Supreme Court ruling today
The African Democratic Congress (ADC) and the Peoples Democratic Party (PDP) are set for a decisive moment today as the Supreme Court delivers rulings on separate appeals arising from their internal leadership disputes. The judgements are expected to significantly shape the political landscape ahead of the 2027 general elections. Read also: Taiwo Oyedele faces tough economic […] read more Nigeria’s top opposition parties await decisive Supreme Court ruling today
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NCDC Confirms Isolated COVID-19 Case in Cross River, Says No Sign of Spread
The Nigeria Centre for Disease Control and Prevention (NCDC) has reported one confirmed case of COVID-19 in Cross River State, noting that there is currently no evidence of wider transmission. In a release, the health authority disclosed that the affected individual has been placed in isolation and is in stable condition, receiving care in accordance […] The post NCDC Confirms Isolated COVID-19 Case in Cross River, Says No Sign of Spread appeared first on Business Today NG.
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ICPC Secures 24-Year Jail Term for Dismissed NECO Staff Over Certificate Forgery
BY SUNDAY SAMUEL—The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has secured the conviction of a dismissed staff member of the National Examinations Council (NECO), Abdulwahab Sule, for offences bordering on certificate forgery and related corrupt practices. The conviction was delivered by the High Court of Niger State sitting in Minna, presided over […] The post ICPC Secures 24-Year Jail Term for Dismissed NECO Staff Over Certificate Forgery appeared first on Business Today NG.
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CBN Alerts Public to Fake Messages, Fraudulent Links
The Central Bank of Nigeria (CBN), on Tuesday   warned members of the public about the circulation of fraudulent messages, emails, and online communications falsely claiming to originate from the apex bank. In a statement, the CBN said the misleading messages are designed to spread false information about its leadership, licensing, and policy issues, while […] The post CBN Alerts Public to Fake Messages, Fraudulent Links appeared first on Business Today NG.
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AFRICA FINANCE IN BRIEF: Oil risks intensify, bank rallies, growth shifts
Africa is entering a more complex phase, shaped by rising geopolitical tensions, shifting capital flows, and uneven growth across key markets. From currency pressures in East Africa to record valuations in Nigeria’s banking sector and renewed momentum in frontier economies, the continent is navigating both opportunity and risk in an increasingly volatile global environment. Global […] read more AFRICA FINANCE IN BRIEF: Oil risks intensify, bank rallies, growth shifts
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Ecobank, Bank of China eye yuan settlement platform to cut dollar dependence
Ecobank Transnational Incorporated is in advanced talks with Bank of China to launch a direct local-currency-to-yuan settlement platform by year-end, as trade ties between Africa and China deepen. The proposed platform would allow businesses to settle transactions directly in Chinese yuan, bypassing the US dollar and reducing conversion costs that have long weighed on African […] read more Ecobank, Bank of China eye yuan settlement platform to cut dollar dependence
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Nigeria spends over $1.1bn on cosmetics as import bill fuels local manufacturing push
Nigeria’s cosmetics import bill, estimated at over $1.1 billion, is intensifying calls for stronger local manufacturing and value addition in the sector, as policymakers and industry experts push for reduced dependence on imports. This was revealed at the media parley hosted by Nnanyelugo Ike-Muonso, director general, Raw Materials Research and Development Council, RRMRDC,in Abuja on […] read more Nigeria spends over $1.1bn on cosmetics as import bill fuels local manufacturing push
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Children under 18 to face lifetime cigarette ban in UK
Children aged 17 and below in the UK are set to be permanently barred from buying cigarettes after Parliament approved new anti-smoking laws in what ministers describe as the most significant public health reform in a generation. According to the BBC, both the House of Commons and the House of Lords have now agreed on […] read more Children under 18 to face lifetime cigarette ban in UK
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