From right: Managing Director/Chief Executive Officer of Unitrust Insurance Company Limited, Adedayo Arowojolu, receiving appreciation award plague from Dr Julius Odede, Head of Lagos Operations at National Insurance Commission,( NAICOM), at the just concluded 2026 BusinessToday Annual Conference and Exhibition on Insurance and Pensions held in Lagos , with the Convener of the conference, Mrs. […] The post Unitrust CEO Arowojolu Advocates Youth-Driven Transformation in Insurance appeared first on Business Today NG.

The naira on Wednesday rebounded in the official foreign exchange market, reversing the previous day’s losses even as Nigeria’s external reserves declined by $1.08 billion amid slowing inflows linked to Middle East tensions. Data from the Central Bank of Nigeria (CBN) showed the naira appreciated by N14.84 to close at N1,371.82 per dollar, a gain […] read more Naira rebounds amid $1.08bn loss in reserves

Wema Bank Plc audited full year (FY) 2025 results show 116 percent growth in Profit Before Tax (PBT) to N221.85billion as against the N102.51billion recorded in FY 2024. Wema Bank has met regulatory requirements for Commercial Bank with National Authorisation. The bank will pay dividend per share of N1.25 for the year ended December 31, […] read more Wema Bank sustains strong profitability momentum with PBT growth of 116% to N221.85bn 

Operatives of  the Benin Zonal Directorate of the Economic and Financial Crimes Commission, EFCC,  have arrested  one Osagie Destiny Etinosa for alleged N11 million fraud. The suspect, who was arrested through an open source intelligence, had been parading himself on Instagram account @ officialking _ etto. as a football agent who specialises in linking footballers […] The post EFCC Arrests Football Agent for Alleged N11m Fraud appeared first on Business Today NG.

President Bola Ahmed Tinubu spoke proudly of his vision for sustained development of Lagos — the State he governed for eight years during which he laid the foundation for its modernisation. The President inaugurated the newly constructed Ojota-Opebi Link Bridge, a project envisioned by the then Governor Tinubu administration in 2002 but now delivered by […] The post Tinubu Inaugurates Ojota-Opebi Link Bridge, Commends Lagos Development appeared first on Business Today NG.

Pipeline vandals in the Niger Delta have upgraded their operations, deploying surveillance cameras and advanced weaponry to evade security agencies. Warrendi Enisuoh, Tantita Security Service executive director of operations and technical services, disclosed these developments on Wednesday. Speaking at a parliamentary roundtable on pipeline security organised by the joint House and Senate committees on petroleum, […] read more Vandals deploy missiles and CCTV in Niger Delta oil war

Dozens of protesters stormed the National Assembly on Wednesday, as lawmakers ramped up discussions on crude oil theft and pipeline protection in Nigeria’s oil-rich Niger Delta. Operating under the Coalition of Civil Society for Economic Protection, the demonstrators marched to the legislative complex, chanting solidarity songs and holding placards with messages such as “Oil Thieves […] read more Protesters storm N’Assembly, demand stronger pipeline security amid oil theft debate

A group known as Make A Difference Initiative (MADI) has formally petitioned the Senate over what it describes as a violation of the Investment and Securities Act 2025 in the appointment of the Chairman of the Investment and Securities Tribunal. The petition, addressed to Senate President Godswill Akpabio and signed by Lemmy Ughegbe, MADI’s Executive […] read more Group drags Akume to Senate over conflicting presidential appointment

The crisis rocking the African Democratic Congress (ADC) appears to be widening across states, as the Kogi State chapter has asked party members to ignore a directive purportedly suspending the ongoing congresses. The directive was contained in a statement issued on Wednesday by the party’s publicity secretary in the state, Abdumalik Suleiman. According to Suleiman, […] read more ADC crisis spreads as Kogi chapter rejects suspension of congresses

President Bola Ahmed Tinubu, represented by Godswill Akpabio, president of the Nigerian Senate, on Wednesday, inaugurated critical infrastructure projects delivered by the Lagos State government, including the 5.04km Opebi-Mende Link Bridge, built to ease traffic flow around Ojota, Mende, Opebi, and Allen Avenue in Ikeja. The bridge comprises 2.01km of road, 2.80km of bridge and […] read more Akpabio steps in for Tinubu, inaugurates projects in Lagos

The Kano Chamber of Commerce, Industry, Mines and Agriculture (KACCIMA) has called on Governor Abba Kabir Yusuf to consult the Organised Private Sector before appointing a new Commissioner for the Ministry of Commerce and Investment, stressing that the position is critical to Kano’s economic revival. Speaking on Wednesday during the First Quarter Council Meeting and […] read more KACCIMA urges Yusuf to appoint private sector expert as Commerce Commissioner

Just how much should investors worry about high oil prices? Amid the ongoing Middle East conflict, it is not surprising that investors are focused on energy prices, given that these remain the main channel to global financial markets. Many have been surprised, though, by the uneven impact across different markets. For example, many Asian equities […] read more Why USD 100 oil isn’t the economy killer it used to be

By Oluchi Okafor, Brand and Communications Manager, EFInA  Nigeria’s fintech story is often told through the lenses of scale and speed. Agent networks reach every ward, and payments settle in seconds; signals of technical sophistication. Yet there is a fundamental design flaw in that almost all digital financial services in Nigeria operate exclusively in English, […] read more Local Language Interfaces: A Critical Innovation Gap in Nigerian Fintech

By Dr Oluwatomi Eromosele, Research Lead, EFInA and Chioma Nwaiwu, Research Officer, EFInA Nigeria’s financial inclusion story reflects hard-won progress, yet a persistent divide remains. The A2F 2023 Survey shows formal inclusion reached 64% in 2023, up from 56% in 2020 and nearing the National Financial Inclusion Strategy’s 65% target for 2024. Yet these national […] read more Nigeria’s Urban-Rural Dichotomy and the ATM Infrastructure Challenge

The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has intensified efforts to strengthen Nigeria’s private sector through international trade partnerships, skills development programmes and policy engagement aimed at improving business competitiveness. Speaking at the association’s First Quarterly Council Meeting held in Kano on Wednesday, Jani Ibrahim, NACCIMA National President, said the […] read more NACCIMA pushes global trade partnerships, skills development to boost Nigeria’s private sector

Atiku Abubakar, a former vice-president; David Mark, national chairman of the African Democratic Congress (ADC); and Rotimi Amaechi, former minister of transportation, on Wednesday spearheaded a protest tagged “Occupy INEC” in Abuja. Peter Obi, the Labour Party’s presidential candidate in the 2023 election; Rauf Aregbesola, former governor of Osun State; Rabiu Kwankwaso, former governor of […] read more Atiku, Obi, Amaechi, others lead “Save Our Democracy” protest against INEC

When many Nigerians hear “pensions,” they think of something to handle later in life. In today’s economic environment, that delay may be one of the most expensive financial decisions a person can make. read more Pensions Beyond Retirement: Building Long-Term Financial Security

Nyesom Wike, minister of the Federal Capital Territory (FCT), has ordered the arrest of a developer and the revocation of a plot of land in Abuja following the collapse of an unapproved multi-storey hotel building in Jikwoyi. Wike, who conducted an on-site inspection on Tuesday, said the structure was built without approval from the FCT […] read more Wike orders arrest of developer, revokes land after Abuja building collapse

Coronation Insurance Plc has announced the launch of MotorMax, an innovative motor insurance policy designed to transform the Nigerian motor insurance landscape by moving motorists beyond basic third-party compliance to affordable, comprehensive vehicle protection. For decades, motor insurance adoption in Nigeria has largely been limited to mandatory third-party coverage. MotorMaxaddresses this gap by offering motorists […] The post Coronation Insurance Redefines Motor Insurance in Nigeria with Launch of MotorMax appeared first on Business Today NG.

Nigeria has been restored to Frontier Market status by FTSE Russell, marking a significant milestone in the country’s reintegration into global investment indices and signalling renewed opportunity for international investors. The reclassification, from “Unclassified” to “Frontier Market,” was approved by the FTSE Russell Index Governance Board following recommendations from its Equity Country Classification Advisory Committee […] The post Nigeria Regains Frontier Market Status as FTSE Russell Recognizes NGX Infrastructure Progress appeared first on Business Today NG.

Jumia Nigeria is expanding its logistics network deeper into Nigeria’s hinterland, betting that future growth in online retail will come from underserved regions rather than major cities. The company said its first-quarter 2026 rollout added new pickup stations and delivery infrastructure across northern states including Kebbi State, Sokoto State and Kaduna State, while also strengthening […] read more Jumia pushes beyond cities as Nigeria’s e-Commerce demand shifts inland

…says NDC did not participate in screening process Promoters of a Political Association, the All Democratic Alliance (ADA) have condemned the Independent National Electoral Commission (INEC) over the registration of the National Democratic Congress (NDC). ADA has said the NDC emerged through a fraudulent and opaque process outside the guidelines set by the INEC for […] read more Group knocks INEC over ‘backdoor’ registration of NDC

Dangote Refinery has reversed its recent petrol price hike, slashing the ex-gantry price of Premium Motor Spirit by N75 to N1,200/litre, only few hours after a slight increase was announced. The refinery had earlier raised the price to around N1,275 per litre, citing pressure from volatile global oil markets, according to sources familiar with the […] read more Dangote Refinery reduce petrol price back to N1,200/litre

Mircea Lucescu, former head coach of the Romania national football team, has died at the age of 80 following a heart attack, according to a statement released by a hospital in Bucharest where he had been receiving treatment. “Mr Mircea Lucescu was one of Romania’s most successful football coaches and players, the first to qualify […] read more Romanian football legend Mircea Lucescu dies at 80 after heart attack

The Enugu State Government has ordered the immediate suspension of daily tolls imposed on petty traders across markets in the State, citing the need to protect vulnerable citizens, coupled with the Government’s resolve to boost Micro, Small and Medium-scale Enterprises (MSMEs) in the State. The decision affects traders without lock-up shops, including hawkers, vegetable sellers, […] read more Enugu boosts local economy, suspends daily levies imposed on petty traders

The Federal Government has confirmed the prosecution of 500 suspected terrorists in the ongoing Phase 9 of a mass trial, part of intensified efforts to tackle insecurity across the Country. Lateef Fagbemi, Attorney-General of the Federation (AGF) and Minister of Justice, SAN, made this disclosure on Tuesday after leading a team of Government lawyers to […] read more FG confirms prosecution of 500 suspected terrorists in phase 9 mass trial

The Alternative Bank (AltBank) is ramping up electric vehicle (EV) financing, targeting Nigeria’s informal transport sector as a new growth area. The Alternative Bank (‘AltBank’) has announced that it is making a major push into electric vehicle (EV) financing, as it seeks to bring Nigeria’s largely informal transport market into the formal financial system. The […] read more AltBank targets informal sector with nationwide EV financing push

Even the rich know it. The quiet, unsettling fear that defines present-day Nigeria. Their children study abroad. Their lives are built elsewhere. Many of those entrusted with fixing our schools, our roads, our economy, and our laws have secured comfort beyond our borders. Their families live in systems that work, in societies shaped by accountability, […] read more Echoes of trauma: The cost of looking away

At a time when Africa is searching for practical answers to its fiscal challenges, the steady and deliberate leadership of Zacch Adedeji is beginning to stand out. His approach has been less about noise and more about coordination, bringing together countries, institutions and experts to focus on what really matters. It is a style that […] read more Turning the tide on illicit financial flows: Zacch Adedeji leads Africa’s revenue push

The naira extended its decline in the official foreign exchange (FX) market on Tuesday as weakening capital inflows and a sustained drop in external reserves heightened pressure on Nigeria’s currency amid escalating tensions in the Middle East. Data from the Central Bank of Nigeria (CBN) showed the naira depreciated by N5.87, with the dollar quoted […] read more Naira weakens as slowing inflows, reserve decline test FX stability

The launch of the TECNO CAMON 50 Ultra 5G is an important milestone in TECNO’s ongoing transition from a budget-friendly smartphone to a more competitive player in Nigeria’s rapidly evolving mid-premium segment. As smartphone adoption deepens across Nigeria, the market is undergoing a subtle but important shift. While affordability remains a key driver of demand, […] read more Tecno bets on AI and imaging to capture Nigeria’s mid-premium smartphone market

…as BYM hails troops’ swift response to deadly attack in Heipang The Berom Youth Moulders-Association (BYM) has condemned a deadly ambush by suspected armed herdsmen in Dum Village, Bachi District of Riyom Local Government Area, Plateau State, which claimed the life of a university student. In a statement signed by Rwang Tengwong, the National Publicity […] read more Gunmen ambush, kill student in Plateau community attack

Governor Umo Eno has urged indigenes of the State living and doing businesses abroad and within Nigeria to invest in Akwa Ibom State to accelerate development and well-being of the people. The governor made the call during the official unveiling of the Seven Angels Arena in Uyo, describing the founder of the business hub, Emma […] read more Eno woos investors as new business hub inaugurated in Akwa Ibom

Nigeria’s 2026 federal budget has revealed a clear hierarchy within the extractive and industrial sectors, with the Ministry of Steel Development receiving a significantly higher allocation than the Ministry of Solid Minerals Development. The disparity is shaping expectations about the pace and direction of reforms in the country’s mining and metals value chain. In 2026, […] read more Funding gap reflects industrial priorities as steel ministry gets more fund

Akinbode Oluwafemi, Executive Director of Corporate Accountability and Public Participation Africa (CAPPA), has lamented longstanding gap between budget promises and actual releases, saying it has weakened the health system and is short-changing Nigerians. Oluwafemi, who disclosed this in a statement through Robert Egbe, the Media and Communication Officer, CAPPA decried Nigeria’s persistent failure to adequately […] read more CAPPA decries budget discrepancies in healthcare, says Nigerians are short-changed

BY NKECHI NAECHE-ESEZOBOR—The Naira weakened to ₦1,389 per dollar, down from ₦1,382.75/$ recorded before the Easter break, amid continued pressure in Nigeria’s foreign exchange market. This contained in a notice posted on the official website of Central Bank of Nigeria,( CBN), that intraday trading saw the local currency fluctuate between ₦1,381/$ and ₦1,390/$, with an […] The post Naira Slides to ₦1,389/$ as External Reserves Fall to $49.18bn appeared first on Business Today NG.