read more BusinessDay 04th Feb 2026

… Divestment assets deliver 200,000 bpd …Renaissance grows output by 100% Nigerian indigenous oil companies have overtaken international counterparts in read more Oil output race tilts in favour of local firms after 70 years

… Divestment assets deliver 200,000 bpd …Renaissance grows output by 100% Nigerian indigenous oil companies have overtaken international counterparts in read more Oil output race tilts in favour of local firms after 70 years

Regulatory headwinds, higher capital requirements, and easing interest rates will put Nigerian banks to the test in 2026, according to read more Regulatory headwinds to test Nigerian banks in 2026— S&P

Regulatory headwinds, higher capital requirements, and easing interest rates will put Nigerian banks to the test in 2026, according to read more Regulatory headwinds to test Nigerian banks in 2026— S&P

Nigeria’s electricity subsidy regime is undergoing a seismic shift, creating a clear divide of winners and losers as the Federal read more Winners and losers of FG’s electricity subsidy reform

Nigeria’s electricity subsidy regime is undergoing a seismic shift, creating a clear divide of winners and losers as the Federal read more Winners and losers of FG’s electricity subsidy reform

…price of a ton of fresh tubers plunged 82% Olatunji Balogun, a once thriving cassava farmer in Oyo State’s Ibarapa read more Market glut sends cassava prices tumbling 82%

…price of a ton of fresh tubers plunged 82% Olatunji Balogun, a once thriving cassava farmer in Oyo State’s Ibarapa read more Market glut sends cassava prices tumbling 82%

President Bola Tinubu has said Nigeria’s reform programme is irreversible, insisting that his administration will not retreat from economic changes read more Tinubu tells World Bank Nigeria will not reverse course on economic reforms

Nigeria has been ranked Africa’s strongest naval power in the 2026 Global Firepower (GFP) assessment, placing the country ahead of read more Nigeria has the strongest Navy in Africa in new GFP report

The Federal Ministry of Education has disowned a History textbook titled Living History, describing reports and public commentary surrounding the read more FG disowns ‘Living History’ textbook, says it is not approved for Nigerian schools

Lamine Yamal was on target, and Marcus Rashford provided an assist as holders Barcelona held off Albacete to book their read more Copa del Rey: Yamal, Rashford shine as Barcelona see off Albacete to reach semi-final

Nigeria’s agriculture sector shrank in January 2026, as rising input costs, insecurity and weak financing conditions weighed heavily on farming read more Agric sector shrank in January on rising input costs, insecurity

Arsenal booked their place in the Carabao Cup final after Kai Havertz’s dramatic stoppage-time goal sealed a 1–0 victory over read more Arsenal beat Chelsea to seal Carabao Cup final spot

World Bank chief, Anna Bjerde, said Nigeria is now frequently cited globally as an example of steady, credible reform leadership. Bjerde, the bank’s Managing Director of Operations, made the remark at a meeting on Tuesday with President Bola Tinubu and Vice President Kashim Shettima at the State House, Abuja.  Some other bank officials accompanied Bjerde […] The post Anna Bjerde Commends Nigeria’s Economic Reforms, Confirms World Bank Support appeared first on Business Today NG.

Caleb Mutfwang, governor of Plateau State, has arrived in the United States on a diplomatic mission to court American investors read more Plateau Governor, Mutfwang meets U.S. lawmaker to address insecurity challenges

The Kano Zonal Directorate of the Economic and Financial Crimes Commission, EFCC,   on Tuesday, February 3, 2026  arrested a Kannywood Star, Samha Inuwa over alleged Naira mutilation. Inuwa was arrested following a viral video circulated on social media platforms where she was seen conspicuously cleaning mucus from her nose using Naira notes. Following the release […] The post EFCC Arrests Kannywood Star, Samha Inuwa for Alleged Naira Mutilation appeared first on Business Today NG.

The Lagos State Government on Monday declared that the recent demolitions in Makoko were part of a broader, statewide safety and environmental policy aimed at preventing disasters linked to unsafe settlements, fire outbreaks, and high-risk infrastructure locations. The State Government made the declaration during a press conference by the Special Adviser to Governor Babajide Sanwo-Olu […] The post Lagos Govt Defends Makoko Demolitions, Unveils $2M Waterfront Redevelopment appeared first on Business Today NG.

Nigeria’s economy can no longer depend on a single product. And it should not, as has often been repeatedly stated read more There’s need for more urgency in Nigeria’s race beyond an oil-centric economy

As Ondo State marks 50 years since its creation, a multinational agribusiness, Johnvents Group, has congratulated the people and government read more Johnvents Group congratulates, showcases global value chains rooted in Ondo

Africa’s journey toward sustainable growth is being shaped not only by bold public commitments but also by the quiet, persistent read more Silently Championing Africa’s Infrastructure and Energy Transition

Nine Nigerian banks have raised a combined N2.3 trillion in fresh capital as the March 31, 2026 recapitalisation deadline set read more Nine banks raise N2.3trn as recapitalisation deadline nears

…seeks higher share for FG The Senate, on Tuesday, initiated legislative steps to amend relevant provisions of the 1999 Constitution read more Senate moves to review revenue allocation formula

The House of Representatives has opened an investigation which seeks to appraise the performance of concessionaires operating federal airports and read more Reps open probe into airport, seaport concessions since 2006

BY NKECHI NAECHE-ESEZOBOR—AIICO Insurance Plc reported a strong operating performance for the interim period ended 31 December 2025, delivering solid top-line growth and a significant improvement in underlying profitability. Insurance revenue increased by 27.0% year-on-year to ₦137.7 billion, driven by growth across core business lines and improved underwriting discipline. On a normalized basis, excluding foreign […] The post AIICO Insurance Grows PAT by 54.0% to ₦18.3 billion In 2025 appeared first on Business Today NG.

BY UCHE OLABISI—Organised labour has suspended its industrial action in the Federal Capital Territory (FCT) following a conciliatory meeting with the Minister of the FCT, Nyesom Wike. The decision was reached after discussions convened by the Chairman of the Senate Committee on the FCT, Senator Mohammed Bomoi, leading to an agreement that guarantees no victimisation […] The post FCT Strike Called Off as Labour, Wike Reach Agreement appeared first on Business Today NG.

First Abu Dhabi Bank, the United Arab Emirates’ largest lender, plans to open a representative office in Nigeria as it read more UAE’s largest bank plans Nigeria entry with Lagos office

Agusto & Co., Nigeria’s leading credit rating agency, has upgraded Coronation Asset Management Limited’s rating to A from A-, citing read more Coronation Asset Management secures rating upgrade by Agusto & Co

Ron Kenoly, an American Christian worship leader, singer, and songwriter, passed away at the age of 81. According to reports, read more American gospel singer, Ron Kenoly, dies at 81

The Senate has confirmed the appointment of Justice Olubunmi Oyewole as a Justice of the Supreme Court of Nigeria. The confirmation followed the presentation and adoption of a report by the Senate Committee on Judiciary, Human Rights and Legal Matters, chaired by Senator Adeniyi Adegbonmire, at plenary on Tuesday. Presenting the report, Adegbonmire said “That […] The post Tinubu Nominee, Justice Oyewole, Confirmed by Senate appeared first on Business Today NG.

…Begins export clinic for entrants in PH As Nigeria’s aggressive push for non-oil export with growth from $2.2bn in 2020 read more NEPC explains why registered exporters hardly moved goods abroad

BY GABRIEL MICHEAL—-The National Examinations Council (NECO) has released the 2025 Senior School Certificate Examination (SSCE) External results, with 71.63 per cent of candidates securing five credits and above, including English Language and Mathematics. The results were released 52 days after the final paper, a timeline NECO described as part of its commitment to timely […] The post 71.63% Earn Five Credits as NECO Releases 2025 SSCE External Results appeared first on Business Today NG.

Nigeria-bound cargo transiting through Europe could arrive faster and cheaper after Maersk and Hapag-Lloyd said one of their joint shipping read more Maersk, Hapag-Lloyd Red Sea return cuts time, cost for Nigeria-bound cargo

President Bola Ahmed Tinubu, along with VP Kashim Shettima received a delegation from the World Bank led by the Managing Director of Operations, Anna Bjerde, in the State House, Abuja. Tuesday, February 3, 2026. President Bola Ahmed Tinubu, along with VP Kashim Shettima and World bank delegation. The post Photo News: President Bola Tinubu along with VP Kashim Shettima received World Bank Delegation appeared first on Business Today NG.

Nigeria’s path to sustainable job creation, inclusive growth and long-term national resilience lies not in fearing automation, but in deliberately read more Agriculture key to Nigeria’s unemployment challenge, says Aig-Imoukhuede