President Bola Tinubu has elevated Taiwo Oyedele, the incumbent minister of state for Finance to the position of minister of finance, replacing Wale Edun, the now former minister of finance in key cabinet reshuffle. The change was made known in a statement on Tuesday by Yomi Odunuga, special adviser, media and publicity to the secretary […] read more Tinubu elevates Oyedele as finance minister, Edun removed

President Bola Ahmed Tinubu has removed Wale Edun as minister of finance and coordinating minister of the economy, in a cabinet reshuffle that signals a recalibration of the country’s economic leadership amid ongoing reforms. Edun’s exit marks the most consequential change in the Federal Executive Council (FEC), with Taiwo Oyedele elevated to replace him in […] read more Tinubu removes Wale Edun in cabinet reshuffle, elevates Oyedele as finance minister

BY GABRIEL MICHEAL—-Eight lawmakers in the House of Representatives have defected to new political platforms. The shift was communicated via separate letters notifying the House of each member’s new political alignment, which were read out by Deputy Speaker Benjamin Kalu as lawmakers returned to sitting after the Easter holiday. During the session, members also held […] The post Eight Reps Switch Party Allegiance in Fresh Defections appeared first on Business Today NG.

BY GABRIEL MICHEAL—The Federal Government has prohibited the entry of poultry-related items, cement, medicines, and agricultural goods originating from countries outside the Economic Community of West African States (ECOWAS). In a directive released by the Federal Ministry of Finance and endorsed by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, authorities […] The post Full List: FG Bars Import of Poultry, Medicines, Cement from Non-ECOWAS Nations appeared first on Business Today NG.

Iran’s participation in the FIFA World Cup 2026 remains in doubt just weeks before the tournament’s kickoff, with sports minister Ahmad Donyamali confirming that a final decision will hinge on evolving security and political conditions. Speaking to the media on Tuesday, Donyamali revealed that discussions are ongoing at the government level, with a committee already […] read more 2026 World Cup: Iran reviews participation amid security concerns

WhatsApp is preparing to introduce a paid subscription tier, ‘WhatsApp Plus’, signalling an evolution in how the platform generates revenue while keeping its core services free. Meta, the parent company, confirmed it is currently testing the optional subscription with a limited group of users, primarily on Android, while gathering feedback ahead of a broader rollout. […] read more Meta shifts to monetisation strategy with WhatsApp Plus subscription 

African Cocoa and coffee farmers are calling for urgent support from global stakeholders to mitigate the impact of price volatility, despite a promising outlook for the commodities on global futures markets. The farmers under the auspices of the Cocoa & Coffee Farmers Alliance Association of Africa (COCEFAAA), in a statement, noted that they face a […] read more Cocoa, coffee farmers seek support amid price volatility

EcoSmart Club, a youth-led climate action group, has trained about 50 young persons with disabilities (PWDs) in Oyo State on climate disaster preparedness as part of efforts to promote inclusive climate resilience. The training, organised under Phase Two of its GreenAbility initiative and supported by the One Million Youth Action Challenge, was designed to equip […] read more Firm trains PWDs on climate disaster preparedness

The United States will not lift its naval blockade on Iran’s ports until a formal agreement is reached with Tehran, Donald Trump, US president has said, as uncertainty deepens over whether fresh peace talks will take place. The blockade, imposed a week ago, is “absolutely destroying Iran”, Trump wrote on his Truth Social platform, adding […] read more US refuses to lift Iran blockade as ceasefire deadline looms

Nigeria imported about 61.7 million barrels of crude oil from the United States between January 2024 and January 2026, underscoring the country’s growing reliance on foreign feedstock to support domestic refining despite being a major oil producer. According to media reports, this is despite Nigeria exporting over 300 million barrels of crude in the first […] read more Nigeria buys 61.7m US crude in 2 years -report

Nigeria exported 55.39 million barrels of crude oil in the first two months of 2026, even as domestic refining operations, including the Dangote Petroleum Refinery, continue to face persistent crude supply constraints. Data from the Central Bank of Nigeria shows exports stood at 31.31 million barrels in January and 24.08 million barrels in February, underscoring […] read more Nigeria exports 55.39m barrels amid Dangote crude shortage

The Presidential Initiative for Unlocking the Healthcare Value Chain (PVAC) welcomes investments that strengthen Nigeria’s capacity to produce essential health products locally and improve long-term medicine security. In that context, Emzor’s Active Pharmaceutical Ingredients (API) project is relevant to the broader national effort to deepen domestic pharmaceutical manufacturing and reduce structural dependence on imported inputs. […] read more PVAC statement on Emzor Pharmaceuticals API project

Real Madrid are reportedly preparing a massive €100 million bid to sign Nigerian striker Victor Osimhen in the upcoming summer transfer window as Los Blancos look to reinforce their attack. According to reports from Spanish outlet Fichajes, the Spanish giants are keen to recruit a world-class striker who can lead the line long term, with […] read more Real Madrid consider €100m summer move for Victor Osimhen

Vaseline launches a new authentication tool that puts product authentication in consumers’ hands and partners Nigerian Prince Chris Okagbue to empower Nigerians to fight back against the fakes 9 April 2026, Lagos, Nigeria – For years, the phrase “Nigerian Prince” has been one of the internet’s most recognised scams — a global punchline that turned […] read more The Only Nigerian Prince You Should Respond To: Vaseline Takes on Counterfeits With a Real One

Apple Inc. has appointed John Ternus as its next chief executive in a carefully planned leadership transition that marks the end of Tim Cook’s 15-year run. At the helm and the beginning of a new era defined by hardware innovation and artificial intelligence, Ternus will formally assume the CEO role on September 1, 2026, with […] read more Meet John Ternus: An engineer stepping into Apple’s top position

A new European Union regulation requires all mobile phones sold within the bloc to feature user-removable batteries by 2027. This is set to ripple far beyond Europe with significant implications for Africa’s fast-growing but cost-sensitive device market. The rule, part of the EU’s updated battery legislation adopted in 2023, will take effect on February 18, […] read more EU’s removable phone batteries mandate raises stake for Africa’s device market

Apple has named John Ternus as its next chief executive officer. The company announced on April 20, 2026, that Ternus, currently senior vice president of hardware engineering, will take over the CEO role on September 1, 2026. Tim Cook will step down as CEO and become executive chairman of the board. John Ternus was born […] read more Meet John Ternus, Apple’s 25-year hardware engineering veteran

A support group within the African Democratic Congress (ADC) on Tuesday endorsed Mohammed Hayatu-Deen, a former Managing Director of FSB International Bank Plc, as its preferred presidential candidate ahead of the 2027 elections. Addressing journalists in Abuja, members of the group, operating under the aegis of Team Build Nigeria and led by Ebekuo C. Ebekuo, […] read more 2027: ADC group backs Hayatu-Deen for president

Bauchi State Governor, Bala Mohammed, has announced that offensive operations by the Nigerian Army have successfully dismantled all bandit camps within the state. The Governor disclosed this during a press briefing following a closed-door meeting with security agencies and traditional rulers at the Government House in Bauchi. The decision to escalate operations followed a major […] read more Insecurity: We have defeated bandits in Bauchi, says Governor Bala Mohammed

Mergers and acquisitions (M&A) played a role in shaping Africa’s private capital market in the first quarter of 2026, reinforcing a shift toward consolidation, scale, and strategic expansion across key sectors. According to the Q1 2026 Private Capital in Africa Activity Report by Stears, M&A activity remained a significant component of deal flow, accounting for […] read more 7 M&A transactions that shaped Africa’s economy in Q1

The Federal Airports Authority of Nigeria (FAAN) has arrested 14 suspected vandals at the Murtala Muhammed International Airport (MMIA), Lagos. The suspects were apprehended at about 1900 hours on April 20, 2026, following a swift response by FAAN’s security architecture, working in close coordination with the Joint Military Task Force (JMTF) and other security agencies […] read more FAAN security foils vandalism attempt, arrests 14 suspects at Lagos airport

Nigeria’s central bank has once again rolled out a new policy aimed at boosting transparency, improving the pricing of money, reducing opacity, and aligning the country with global market standards.  At its core is the recently introduced Nigerian Overnight Financing Rate (NOFR), a reference rate. Like fuel prices in the real economy, benchmark rates act […] read more Explainer: What CBN’s new market rule means and why it matters

For years, the conversation about Nigerian talent leaving for foreign shores has been framed almost exclusively as a tragedy. “Japa” the Yoruba expression meaning to flee or escape — has become the defining vocabulary of a generation in motion. The numbers are sobering: Nigeria ranked as the second-highest source of long-term migrants to the United […] read more Beyond the ‘Japa’ Wave: Building a high-growth AI bridge to the UK

Chery, one of China’s leading automobile manufacturers, is considering an expansion into Nigeria’s commercial vehicle segment, in what could signal increased competition and investment in a market seen as critical to logistics and industrial growth.  This was disclosed by Kim Luo, country director, passenger cars at Chery International, during a recent business visit to Carloha […] read more Chery eyes Nigeria’s commercial vehicle market amid expansion plans 

The 2026 edition of RANKED, a widely referenced report on digital news media performance in Africa, will be unveiled on April 23 in Lagos, with early insights pointing to a structural shift in how media value is defined across the continent. Published by SquirrelPR and organised by Squirrel Media Technologies in partnership with KT Communication, […] read more RANKED 2026 signals shift from traffic to influence in African media

At first light in Kisii County, western Kenya, Esther lays out a batch of overripe bananas on a wooden table. A year ago, she would have sold what she could and thrown the rest away. Bruised fruit fetched little at the market; what didn’t sell by evening was a loss. Now, the same fruit is […] read more From fruit to factories: Africa’s banana bet on value

Alert Group has secured a national microfinance banking licence for its subsidiary, Alert Microfinance Bank (MfB), to widen its operations and strengthen financial inclusion across Nigeria. Olanrewaju Kazeem, group chief executive officer, Alert Group, disclosed this to journalists at a media parley in Lagos, where he outlined the group’s performance, strategy, and growth plans. Kazeem […] read more Alert Group secures MfB licence, targets N250bn assets

A leading political support group, the Progressive Movement for Peter Mbah, weekend held a mega rally in Enugu North Senatorial Zone, rallying grassroots support for Governor Peter Mbah and amplifying awareness of his administration’s developmental policies. The group, described as a structured and data-driven initiative, said it was focused on deepening public engagement, promoting the […] read more Group rallies grassroots for Governor Mbah in Enugu North zone

From  left:Nasir El-Rufai with his Lawyers BY SUNDAY SAMUEL—The Kaduna State High Court on Tuesday denied  to grant bail to former governor Nasir El-Rufai, stating that his influence might allow him to obstruct ongoing probes. According to Justice Darius Khobo,  the accusations of financial misconduct are serious enough to warrant keeping him in custody. He […] The post Court Orders Continued Detention of El-Rufai Amid Serious Allegations appeared first on Business Today NG.

The National Drug Law Enforcement Agency (NDLEA) has secured another significant win in its ongoing offensive against drug cartels as the Federal High Court, Port Harcourt, granted an interim forfeiture order for 17 containers laden with illicit opioids worth over N33.6 billion in street value. The containers, which were intercepted at the Port Harcourt Ports […] The post NDLEA Secures Forfeiture of N33.6 billion worth of opioids intercepted at Onne Port appeared first on Business Today NG.

Governor Umo Eno has expressed satisfaction with the quality and timely delivery of jobs by contractors handling various project in Akwa Ibom State. Speaking after project inspection in Uyo, the State capital , the governor pledged to ensure that projects are properly monitored and appropriately funded in line with the contract agreement. He explained that […] read more Eno lauds contractors over quality job delivery in Akwa Ibom

The Federal Capital Territory Administration (FCTA) has warned that the ongoing teachers’ strike could disrupt the conduct of the West African Examinations Council (WAEC) examinations, urging the Nigeria Union of Teachers, FCT Wing, to suspend the industrial action and return to negotiations. The appeal follows the commencement of an indefinite strike by primary and secondary […] read more FCTA warns of WAEC disruption, urges NUT to call off strike

San Antonio Spurs centre Victor Wembanyama has made history after being named the NBA Defensive Player of the Year with a unanimous vote. The 7ft 4in French international secured all 100 first-place votes, becoming the first unanimous winner in the award’s 43-year history. At 22, Wembanyama is also the youngest recipient of the honour since […] read more Victor Wembanyama sweeps 2026 NBA Player Award

…shareholders laud BUA’s Abdul Samad Rabiu’s corporate governance leadership One of Nigeria’s biggest conglomerates and industrial powerhouses, BUA Group, is expected to pay shareholders from its two major subsidiaries—BUA Foods and BUA Cement—a combined N842.64 billion in record dividend payments in its value creation push. That is a nearly threefold rise in one year as […] read more BUA Group to hand shareholders N842.64bn in record dividend payout

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Collaboration Previews the Upcoming Infinix NOTE 60 Ultra designed by Pininfarina At the Business of Design Week 2025, Infinix announced a landmark strategic partnership with Pininfarina, the iconic Italian design house with a 95-year legacy of shaping some of the world’s most celebrated automobiles, as well as groundbreaking products across sectors such as luxury lifestyle, […] read more Infinix and Pininfarina Announce Strategic Design Partnership to Elevate the Future of Premium Smartphones