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Business
Twenty-nine women leaders complete training to boost Nigeria’s health sector
Twenty-nine women leaders across Nigeria’s health sector have completed the 2025 Nigeria Leadership Journey(NLJ), a 12 month leadership development programme delivered through a partnership between WomenLift Health and Women in Leadership Advancement Network. The programme culminated in a two day event that brought together key stakeholders from government, development, and the wider health ecosystem to […] read more Twenty-nine women leaders complete training to boost Nigeria’s health sector
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Ogun Commissions Summit Factory in Ota
The Ogun State Government has commissioned the ultra-modern manufacturing facility of Summit Household Solutions, in Ota, further strengthening the state’s position as a major industrial hub while advancing efforts to improve public health and hygiene standards across the country. Summit Household Solutions Limited, the company behind the 2Sure brand, is a Nigerian FMCG manufacturer with […] read more Ogun Commissions Summit Factory in Ota
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Àrgentil Capital gets $75m backing for SME fund across Nigeria, Ghana
Àrgentil Capital Management Limited has secured international backing to advance plans for a $75 million private equity fund targeting small and medium-sized businesses in Nigeria and Ghana, in a move aimed at unlocking domestic pension capital for a segment long starved of funding. The Lagos-based firm was selected for the Blended Finance Accelerator for Fund […] read more Àrgentil Capital gets $75m backing for SME fund across Nigeria, Ghana
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Africa Re doubles profit as gross premium rises to $1.34bn FY
The African Reinsurance Corporation (Africa Re) has announced its financial performance for the year ended 31 December 2025, with gross premiums rising to $1.34 billion, representing a 10.18 percent year-on-year (YoY) increase. This is as net profit also rose by 50.6 percent year on year to close at $199 million. Corneille Karekezi, group managing director/CEO […] read more Africa Re doubles profit as gross premium rises to $1.34bn FY
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Banks move to capture SMEs as tax reforms widen compliance net
Banks are rolling out zero-fee accounts and digital tools to attract small businesses just as Nigeria’s tax reforms tighten compliance requirements, effectively pushing more businesses into the formal economy. The shift reflects a growing alignment between financial institutions and government policy, where easier access to banking is increasingly tied to stricter expectations around tax registration, […] read more Banks move to capture SMEs as tax reforms widen compliance net
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GIG Mobility goes digital-first, launches unified travel platform
GIG Mobility has launched a new integrated digital platform, marking a major shift from being a traditional bus transport operator to a technology-driven global mobility ecosystem. The company made the announcement at its 2026 Product Conference in Lagos, where it unveiled a unified platform designed to bring together multiple travel and mobility services into a […] read more GIG Mobility goes digital-first, launches unified travel platform
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Glovo, stakeholders push unified digital strategy to unlock SMB growth in Nigeria
Glovo and other players in Nigeria’s e-commerce sector have called for stronger public and private sector collaboration to support small and medium-sized businesses (SMBs) and deepen innovation across the country’s fast-growing digital commerce space. The call was made at the second edition of the Future of Commerce Summit held at the Landmark Events Centre in […] read more Glovo, stakeholders push unified digital strategy to unlock SMB growth in Nigeria
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Women-led SMEs hold key to Nigeria’s $1tn economy, but digital gap persists
Women-led businesses in Nigeria are emerging as a critical force in the country’s ambition to build a $1 trillion economy by 2030, but Gloria Onosode, director of enterprise sales at FairMoney Business, says unlocking their full potential will depend on urgent digital and financial inclusion reforms. Onosode said women entrepreneurs must move from the margins […] read more Women-led SMEs hold key to Nigeria’s $1tn economy, but digital gap persists
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36 soldiers face court martial over alleged plot to overthrow Tinubu
The Nigerian military has commenced the trial of 36 personnel accused of involvement in an alleged plot to overthrow the administration of Bola Tinubu. The General Court Martial, constituted by the Defence Headquarters, was inaugurated on Friday at the Scorpion Mess in Asokoro, Abuja, under tight security. Proceedings were held behind closed doors, with journalists […] read more 36 soldiers face court martial over alleged plot to overthrow Tinubu
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I’ll Consolidate, Innovate on Governor Sule’s Achievements – Dr. Faisal
Dr. Faisal Shuaib, former Executive Director of the National Primar Health Care Development Agency (NPHCDA) and a globally respected public health expert, has declared his vision is to consolidate and build on the successes recorded under the administration of Governor Abdullahi Sule when elected governor come 2027. Speaking to newsmen after a stakeholders’ convergence in […] read more I’ll Consolidate, Innovate on Governor Sule’s Achievements – Dr. Faisal
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NFF mourns as ex-Super Eagles striker Michael Eneramo dies in Kaduna
The Nigeria Football Federation (NFF) has expressed deep sorrow following the sudden death of former Super Eagles forward Michael Eneramo, who collapsed and died during a local friendly match in Ungwan Yelwa, Kaduna, on Friday morning. Eneramo, who had played the entire first half, reportedly suffered a cardiac arrest five minutes into the second half. […] read more NFF mourns as ex-Super Eagles striker Michael Eneramo dies in Kaduna
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BII targets £9bn investment push into Africa under new five-year strategy
British International Investment (BII) has unveiled a new five-year strategy aimed at mobilising £9 billion into Africa. This indicates commitment to frontier markets and a shift toward unlocking private capital across the continent. Under the plan, BII will deploy nearly £5 billion directly, while the remaining capital is expected to be mobilised from domestic and […] read more BII targets £9bn investment push into Africa under new five-year strategy
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New tax rules force firms to defend tax positions
As Nigeria moves through phases of its tax reform implementation, a shift is quietly taking hold in how businesses approach compliance. Paying taxes is no longer enough. Companies are now expected to show, in clear terms, how those figures were arrived at. The change is driven by the Nigeria Tax Act (NTA) 2025 and the […] read more New tax rules force firms to defend tax positions
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PenCom Targets 85% Pension Coverage for Nigerian Workers
BY NKECHI NAECHE-ESEZOBOR—Nigeria’s pension industry is set for a major expansion push as the National Pension Commission (PenCom) intensifies efforts to bring more workers into the contributory pension scheme. Director-General of PenCom, Omolola Oloworaran, disclosed that the commission is aiming to achieve at least 85 percent coverage of Nigerian workers under the scheme. She spoke […] The post PenCom Targets 85% Pension Coverage for Nigerian Workers appeared first on Business Today NG.
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Tax credits, development levy to steer capital into infrastructure, energy
Nigeria is turning to its tax system to finance infrastructure and energy projects, introducing new tax credits and a consolidated levy aimed at mobilising private capital into sectors long constrained by funding gaps. The urgency behind the reforms reflects a deeper fiscal challenge. “Our tax-to-GDP ratio is one of the lowest in the world. How […] read more Tax credits, development levy to steer capital into infrastructure, energy
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Ronik Polytechnic pushes NCC, NLN partnership on IP, knowledge access
…holds its first World Book and Copyright Day Ronik Polytechnic advances efforts to strengthen intellectual property protection and expand access to knowledge by seeking strategic collaboration with the Nigerian Copyright Commission, the National Library of Nigeria, and publishers, among others. Chris Alabi, chairman of the governing council at Ronik Polytechnic, represented by Babatunde Adedoyin, a […] read more Ronik Polytechnic pushes NCC, NLN partnership on IP, knowledge access
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United Capital declares N1 final dividend as profit rises to N28.15bn
United Capital Group has recorded its most profitable financial year to date, with profit after tax (PAT) growing 17 percent to N28.15 billion in the 2025 financial year. The Group reported a 35 percent increase in revenue, from N43.43 billion in 2024 to N58.55 billion in 2025, driven by a 176 percent surge in net […] read more United Capital declares N1 final dividend as profit rises to N28.15bn
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New tax rules force firms to defend tax positions
As Nigeria moves through phases of its tax reform implementation, a shift is quietly taking hold in how businesses approach compliance. Paying taxes is no longer enough. Companies are now expected to show, in clear terms, how those figures were arrived at. The change is driven by the Nigeria Tax Act (NTA) 2025 and the […] read more New tax rules force firms to defend tax positions
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Afriland Properties shareholders get 24k dividend FY
Afriland Properties Plc, a leading real estate development and management company, has announced its audited financial results for the year ended December 31, 2025, showcasing strong revenue growth, an expanded asset base, and sustained shareholder returns. The results presented to shareholders at the Company’s 13th Annual General Meeting held virtually show a full year dividend […] read more Afriland Properties shareholders get 24k dividend FY
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Transcorp Hotels grows Q1 pre-tax profit to N7.08bn
Transcorp Hotels Plc, the hospitality subsidiary of Transnational Corporation Plc (Transcorp Group), has released its unaudited results for the first quarter ended March 31, 2026. The Company delivered N22.41 billion in revenue, a 9 percent increase from N20.64 billion in Q1 2025, while Profit Before Tax (PBT) increased by 15percent to N7.08billion. These results reflect […] read more Transcorp Hotels grows Q1 pre-tax profit to N7.08bn
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First Lady unveils ECoN initiative in Kano, targets conversion of research to jobs, industry growth
The Federal Government has formally launched the Energise Commercialisation Now (ECoN) initiative in Kano, positioning it as a national framework to bridge the long-standing gap between research outputs and real-sector economic growth. Speaking while, flagging off the programme, the First Lady, Oluremi Tinubu, described the initiative as a strategic move to transform Nigeria’s innovation landscape […] read more First Lady unveils ECoN initiative in Kano, targets conversion of research to jobs, industry growth
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Encountering grief: Different pathways (Part 1)
It has been a whole year since I lost my younger sister Maryanne  Asuku. It is almost unreal. The fact that I will never run into her again in this sphere of mortal beings is difficult to believe, but as many philosophers and faith bearers as well as the good books put it, let me […] read more Encountering grief: Different pathways (Part 1)
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Delegation or abdication? The board’s AI blind spot
Nearly a third of organisations report that AI is not on the board agenda. Two-thirds say boards still have limited-to-no knowledge or experience with AI. At the same time, AI is already shaping how strategy is executed: approving loans, pricing risk, allocating resources, and influencing decisions at scale. That is the disconnect. Boards are accountable […] read more Delegation or abdication? The board’s AI blind spot
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QShelter drives wellness with ‘2004 M00VE Experience’
]QShelter Limited, a digital property platform, is driving wellness with the ‘M00VE Experience’ to promote lifestyle change and foster in-person engagement. “This initiative is not just about promoting our project, but about creating awareness of the scale and vision behind the 2004 Estate, as well as contributing to efforts to reduce the housing deficit in […] read more QShelter drives wellness with ‘2004 M00VE Experience’
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Nigerian Breweries posts N55.9bn profit as finance costs decline
Nigerian Breweries Plc has reported a 25.6 percent rise in profit after tax, recording N55.95 billion for the first quarter ended March 31, 2026, amid what it described as a “fragile and volatile operating environment” worsened by the crisis in the Middle East. The brewer released its unaudited and provisional results obtained on the Nigerian […] read more Nigerian Breweries posts N55.9bn profit as finance costs decline
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Women’s income growth depends on coordinated support ecosystems, says BFA Global
Women micro-entrepreneurs achieve sustained income growth only when multiple support systems work together, rather than through isolated interventions, according to new findings released by BFA Global. The findings, drawn from the organisation’s Women’s Economic Empowerment Opportunity Leads Umbrella Programme in Kenya, highlight five interconnected domains that determine whether low-income women can translate economic opportunities into […] read more Women’s income growth depends on coordinated support ecosystems, says BFA Global
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FCMB taps cultural economy to drive inclusion at Ibadan festival
First City Monument Bank (FCMB) is positioning culture as an economic engine, leveraging platforms such as the Ibadan Cultural Festival to support small businesses, deepen inclusion, and connect local enterprises to broader markets. As a lead partner in the festival organised by the Central Council of Ibadan Indigenes (CCII), the Bank said cultural gatherings are […] read more FCMB taps cultural economy to drive inclusion at Ibadan festival
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What is with Africa and sit-tight rulers?
One of the prevailing features of African politics is the tendency of leaders to remain in power longer than the very system and laws meant to regulate them. Across the continent, this issue continues to surface as presidents extend their grip on power, far beyond what constitutions originally intended. The recent re-election of Djibouti’s 78-year-old […] read more What is with Africa and sit-tight rulers?
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Why states must rethink governance before it is too late
In any rational system, a surge in revenue should translate into relief for citizens (better roads, functional hospitals, quality schools, and a visible improvement in living standards). But in Nigeria today, the opposite seems to be unfolding. At a time when allocations from the Federation Account Allocation Committee (FAAC) have risen by an astonishing 161 […] read more Why states must rethink governance before it is too late
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Infinix NOTE 60 Ultra Ushers in New Premium Era
Thanks to powerful partnerships with industry leaders, NOTE 60 Ultra represents Infinix’s boldest entry in the flagship tier. Infinix is cementing its status within the premium smartphone segment in a bold new way with NOTE 60 Ultra, its landmark flagship which debuted in Barcelona during Mobile World Congress 2026. Co-developed with Italian automotive and design […] read more Infinix NOTE 60 Ultra Ushers in New Premium Era
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ARAMI: Celebrating fine dining, fine art in one space
If you are a lover of fine dining, particularly in a tranquil setting such as a rooftop, there is a deal for you. ARAMI, a new restaurant in town, amid stylish and world-class culinary offerings, has opened its doors to satiate your taste buds and passion. Owned by the L’Ori Hospitality Group, which also operates […] read more ARAMI: Celebrating fine dining, fine art in one space
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Learning from India’s state electricity market reforms
Nigeria’s electricity sector is at a defining moment. With the Electricity Act 2023, the country has begun decentralising power—allowing states to generate, distribute, and regulate electricity within their borders. This reform holds immense promise. But it also carries significant risk. The experience of India, which began a similar journey over two decades ago, shows that […] read more Learning from India’s state electricity market reforms
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World Cup: Italy’s sports minister rejects proposal to replace Iran
Italy’s sports minister Andrea Abodi has dismissed suggestions that the Azzurri could replace Iran at the 2026 FIFA World Cup, describing the idea as “not appropriate” and firmly ruling out any administrative route back into the tournament. Read Also: 2026 World Cup: Trump envoy urges FIFA to swap Iran for Italy The proposal emerged after […] read more World Cup: Italy’s sports minister rejects proposal to replace Iran
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S&P says Middle East war to hit African states’ credit ratings
The risk to African economies from the Middle East conflict is likely to worsen if the war drags on, given that many are net importers of oil, fuel and fertilisers, S&P Global said on Wednesday. In an assessment of the continent’s exposure to the crisis, the ratings agency said higher fuel and fertiliser import costs […] read more S&P says Middle East war to hit African states’ credit ratings
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FATE Foundation trains 256,277 entrepreneurs in 26 years
FATE Foundation has trained 256,277 entrepreneurs in Nigeria over 26 years, cementing its role at the forefront of enterprise development in Africa’s most populous nation. The non-profit has graduated 8,945 entrepreneurs from its flagship programmes since 1999, while reaching 247,332 more through short courses, self-paced learning and digital tools. Its podcasts and online platforms have […] read more FATE Foundation trains 256,277 entrepreneurs in 26 years
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Dangote Refinery exports 1.1bn litres of aviation fuel to Europe, supplies 95% of Nigeria’s Jet A1 – AON
The Airlines Operators of Nigeria (AON) has described the Dangote Petroleum Refinery and Petrochemicals as a critical pillar of support for Nigeria’s aviation industry, disclosing that the refinery currently supplies over 95 per cent of the Jet A1 fuel consumed nationwide, while also exporting 1.1 billion litres of aviation fuel to Europe between March and […] read more Dangote Refinery exports 1.1bn litres of aviation fuel to Europe, supplies 95% of Nigeria’s Jet A1 – AON
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