As Africa’s largest industrial conglomerate deepens its focus on trade infrastructure and regional expansion, Dangote Group has appointed Jamil Mohammed Abubakar as Managing Director of Infrastructure and Logistics, placing him at the centre of a unit expected to play a defining role in the company’s next phase of growth. The appointment places Abubakar in charge […] read more Meet Jamil Abubakar, Dangote’s son-in-law now leading group’s logistics strategy

Super Eagles forward Akor Adams has described Nigeria’s failure to qualify for the 2026 FIFA World Cup as a “big disappointment,” even as he continues to enjoy a standout campaign in Spain that has earned him a nomination for the Sporting La Liga MVP award. Speaking in an interview with Anthony Nlebem, the Sevilla striker […] read more Akor Adams: Nigeria’s World Cup absence a ‘Big Disappointment’

In 2025, Nigeria’s 30 biggest firms collectively paid N2.32 trillion in income taxes, reflecting an 86 percent increase from the N1.14 trillion remitted in 2024. This amount represents about 12.9 percent of the Nigeria Revenue Service (NRS) total tax revenue for the year. The NRS disclosed that it generated N17.8 trillion in tax revenue in […] read more Nigeria’s biggest firms pay record N2.3trn in income taxes

When Nestlé Nigeria graduated 20 trainees from its Flowergate Technical Training Centre this week, it was more than a ceremonial milestone. Beneath the applause marking 15 years of the programme lies a deeper economic signal. In a country battling youth unemployment and a widening skills gap, corporate-led vocational training is quietly succeeding where public systems […] read more Nestlé’s N6bn skills bet pays off as 98% job rate exposes gap in Nigeria’s broken vocational pipeline

I think of a woman I know. She chose to defer her dreams so she could raise her children intentionally. For years, her time was consumed by the demands of the home. And then, gradually, the children grew up and moved on to University. What remained was a nagging question: could she have used those […] read more Redefining Gender Roles: When effort is not enough

At 50, Peter Cole Chiori is shifting his gaze from the dashboard to the horizon. Having built a portfolio that spans logistics, agriculture, and entertainment, he has reached a vantage point that only age and resilience can provide. Known to many as a titan of the maritime industry, Chiori’s latest chapter is focused on a […] read more Peter Cole Chiori at 50: A journey from shipping logistics to cultural icons

The Nigerian luxury beauty market has become a rapidly growing segment within Africa’s largest beauty industry, with the luxury cosmetics and skincare sector valued at approximately USD 331.16 million in 2024. This high-end segment is projected to grow to over USD 543 million by 2033, driven by a rising middle/upper class and increased disposable income. […] read more The Business of Beauty: Why Olabisi Odunayo is betting big on localized luxury distribution

…opens application portal, targets ages 18–40 years The Abuja Investments Company Limited has launched the second edition of the Abuja Young Entrepreneurs Hunt Competition in partnership with the Abuja Enterprise Agency, targeting innovators aged 18 to 40 years across the Federal Capital Territory (FCT). Speaking at the unveiling in Abuja, Chudi Ugwuada-Ezirigwe, AEA’s Managing Director […] read more AICL partners AEA for second edition of youth hunt competition

For three days this May, the Lagos coastline will transform into Africa’s most expansive culinary marketplace as the GTCO Food and Drink Festival returns for its 9th edition. Far more than a seasonal fair, the festival has evolved into a high-octane economic engine, offering over 200 small and medium-scale enterprises (SMEs) a global stage to […] read more Flavour Without Borders: GTCO returns with Africa’s premier food and drink festival

Terra Kulture, Victoria Island, recently shifted from a mere venue to a cultural battlefield. TRACE Live April 2026 wasn’t just another entry in the Lagos social calendar; it was a definitive study in modern nightlife—a night where music, movement, and premium atmosphere collided under a single mandate: Own the moment, and experience it differently. At […] read more Inside TRACE Live 2026: Zlatan, Lord’s Dry Gin and the new language of Lagos nightlife

The Nigerian Communications Commission (NCC) has commended the Edo government for its approach in safeguarding telecom infrastructure during road construction. The NCC said that contractors notified the commission and Mobile Network Operators (MNOs) before commencing road construction works. The Executive Vice-Chairman (EVC), NCC, Dr Amimu Maida, who gave the commendation during a media breakfast meeting […] The post NCC hails Edo gov’t for safeguarding telecom Infrastructure during Construction appeared first on Business Today NG.

Introduction Nigeria’s trade regulatory landscape has recently seen developments aimed at improving trade administration and strengthening import controls. In particular, the Federal Government has announced the launch of the National Single Window Platform (the “Platform”), a digital system designed to streamline import and export processes, while also announcing a ban on items prohibited from importation […] read more Nigerai Trade Regulatory Update: National Single Window Platform launch and import restrictions

Introduction Financing is an important component of every company’s formation and growth. For early-stage companies, founders often face the important decision of selecting the investment model that best supports the company’s development. While there are several financing options available such as direct equity investments and debt financing, this newsletter focuses on Simple Agreements for Future […] read more Safe vs Convertible Notes: Navigating financing options in Nigeria

Introduction Nigeria’s venture capital (VC) sector has evolved from an informal, relationship-based market into a structured ecosystem shaped by various laws and regulatory requirements including regulations provided by the Securities and Exchange Commission (SEC). As local and international VCs provide capital to high-growth businesses, VC firms must adeptly navigate Nigeria’s dynamic regulatory landscape which governs […] read more Entering Nigeria’s Venture Capital Market: Regulatory clarity, capital thresholds, and structuring pathways for investors

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