BY JUDE MADUEKE—Benfica winger Gianluca Prestianni has been suspended for six matches by UEFA after finding him guilty of using a homophobic slur toward Real Madrid forward Vinícius Júnior during a Champions League knockout play-off match in Lisbon on 17 February. The incident occurred during a heated on-field exchange that led to Vinícius briefly leaving […] The post Breaking: UEFA hands six-match ban to Prestianni over Discriminatory Remark appeared first on Business Today NG.

Operatives of the Lagos Zonal Directorate 2 of the Economic and Financial Crimes Commission EFCC, Ikoyi, Lagos, have arrested a Cameroonian businessman, Bekono Marc Eric, for allegedly defrauding a first-generation bank of about N1.5bn. The 47-year-old suspect, a member of a trans-border syndicate that specialises in credit card fraud, was arrested on Thursday, April 23, […] The post EFCC Arrests Cameroonian for Alleged N1.5bn Bank Fraud in Lagos appeared first on Business Today NG.

FCCPC Enforcement Team Seals Abuja Supermarket Over Pricing Irregularities, Expired and Suspected Counterfeit Products The Federal Competition and Consumer Protection Commission (FCCPC) has carried out an enforcement operation at a supermarket in Guzape, Abuja, following consumer complaints about irregular pricing practices. During the inspection, the Commission identified several potential consumer protection violations, including differences between […] The post FCCPC Seals Abuja Supermarket Over Pricing and Product Irregularities appeared first on Business Today NG.

BY NKECHI NAECHE-ESEZOBOR —The Federal High Court in Abuja has ruled that the Nigeria Police Force and the Federal Road Safety Corps cannot fine motorists for violating the Third Party Motor Vehicle Insurance Act without a court order. The court clarified that while both agencies can enforce the law, they lack the authority to impose […] The post Third Party Motor Insurance : Court Restricts Police, FRSC from Imposing Fines on Motorists appeared first on Business Today NG.

Project New Nigeria has extended its student support programme to Niger Delta University, awarding scholarships and digital devices to students as part of a wider effort to improve access to education and civic participation in the Niger Delta. The initiative, founded by Samuel Kaley Nzidee, held the event on April 22, 2026, at the New […] read more Project New Nigeria expands education support in Bayelsa

…approves 100% exit package ​The federal government approved an increase in peculiar allowances and other welfare benefits for civil servants on Friday, in a new push to cushion prevailing hardship by increasing take-home pay. The new scheme also provides 100% of a retiree’s full emoluments as an exit package, in addition to their pension, with […] read more FG raises workers’ allowances to cushion economic hardship

…approves 100% exit package ​The federal government approved an increase in peculiar allowances and other welfare benefits for civil servants on Friday, in a new push to cushion prevailing hardship by increasing take-home pay. The new scheme also provides 100% of a retiree’s full emoluments as an exit package, in addition to their pension, with […] read more FG raises workers’ allowances to cushion economic hardship

The Economic and Financial Crimes Commission (EFCC) has taken into custody a former chairman of the now-defunct Skye Bank Plc, Tunde Ayeni, over allegations of financial misconduct involving about ₦36.54 billion and $30 million. Ayeni was apprehended in Abuja on Thursday, April 23, 2026, and is currently being held at the commission’s detention facility. His […] The post Ayeni in EFCC Custody Over Alleged Fund Diversion, Money Laundering appeared first on Business Today NG.

The Nigerian Armed Forces have constituted a general court-martial to prosecute officers linked to an alleged coup attempt, signalling the official start of the trial process. The personnel were escorted to the hearing venue, Guards Brigade Officers’ Mess in Asokoro, at about 8:53 a.m. on April 24, 2026, amid heavy security presence. Access to the […] The post Court-Martial Begins for Officers Linked to Alleged Coup appeared first on Business Today NG.

BY NKECHI NAECHE-ESEZOBOR—President Bola Ahmed Tinubu on Friday approved an upward review of welfare and incentive packages for civil servants, in a move aimed at improving staff motivation and enhancing earnings both in active service and after retirement. The announcement was made in Abuja on April 24, 2026, by the Head of the Civil Service […] The post Tinubu Approves Enhanced Welfare Package for Civil Servants appeared first on Business Today NG.

BY NKECHI NAECHE-ESEZOBOR—-President Bola Ahmed Tinubu on Friday welcomed Nigeria’s impressive 91.45 per cent aviation safety rating by the International Civil Aviation Organisation (ICAO), describing it as a major milestone for the country’s aviation sector. ICAO, a United Nations agency, oversees global aviation standards and ensures the safe and orderly development of international air transport […] The post 91.45% Score: Tinubu Celebrates Nigeria’s Aviation Milestone appeared first on Business Today NG.

BY NKECHI NAECHE-ESEZOBOR—Seplat Energy Plc has reinforced its position as Nigeria’s leading indigenous energy company, recording strong investor confidence and multiple high-profile recognitions across regulatory, market, and industry platforms. The company made history on April 14 as the first firm on the Nigerian Exchange to surpass the ₦10,000-per-share mark, with its stock climbing to about […] The post Seplat Hits ₦10,000 Mark, Bags Top Industry Honours appeared first on Business Today NG.

BY NKECHI NAECHE-ESEZOBOR—President Bola Ahmed Tinubu on Friday administered the oath of office to Dr Muttaqha Rabe Darma as the new minister of housing and urban development from Katsina State, following his Senate clearance. He replaced Ahmed Musa Dangiwa, who recently resigned. President Tinubu, at the short ceremony at the State House, congratulated Dr Darma […] The post Tinubu Swears In Dr. Darma as New Housing Minister, Tasks Him on National Growth appeared first on Business Today NG.

BY NKECHI NAECHE-ESEZOBOR—The Minister of the Federal Capital Territory (FCT), Nyesom Wike has appointed Alhaji Onsachi Musa ldris, as the Senior Special Assistant on Procurement. Idris, who became the Director, Federal Capital Territory Administration’s Procurement in July 2021, retired from the civil service today, April 24, 2026. A statement on Friday, by the Minister’s Senior […] The post Wike Appoints Musa Idris As Senior Special Assistant On Procurement appeared first on Business Today NG.

As Nigeria expands tax surveillance and real-time reporting systems, wealthy individuals are increasingly turning to structured family offices to manage assets, maintain compliance, and retain control over their financial affairs. This shift reflects a growing adjustment in how private wealth is structured and governed, as increased regulatory visibility puts pressure on informal arrangements. “The future […] read more Family offices emerge as Nigeria’s quiet response to tax transparency push

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

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

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

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

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

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

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

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

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

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

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

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

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

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.

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

…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

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

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

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

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

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