Naija News Feed
Business
Group seeks protection over street children
The Centre for Human Rights Advocacy and Wholesome Society (CEHRAWS), a non-governmental organisation, has called for deliberate, sustained action to ensure that every child, regardless of circumstance, is afforded dignity, protection, and the opportunity to thrive. The group, in a statement signed by Okoye, Chuka Peter, its executive director, to mark the 2026 International Day […] read more Group seeks protection over street children
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Africa’s double-digit inflation economies to cool despite Middle East risks
Africa is expected to see fewer countries grappling with double-digit inflation by 2026, with the number projected to fall to nine from 13 in 2024, signalling steady progress in the continent’s fight against high prices despite lingering risks from the Middle East crisis. According to the latest Africa Economic Update by the World Bank, consumer […] read more Africa’s double-digit inflation economies to cool despite Middle East risks
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Energia appoints Oladimeji Bashorun as Chief Executive Officer
Energia Limited has appointed Oladimeji Bashorun as its Chief Executive Officer (CEO), following the vacancy created by the exit of Chidi Egonu. Bashorun, who previously served as the company’s Chief Operating Officer (COO), steps into the role following years of providing strategic and operational leadership within the organisation. During his tenure as Chief Operating Officer, […] read more Energia appoints Oladimeji Bashorun as Chief Executive Officer
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Lafarge Africa seeks shareholder approval to rebrand as HBM Nigeria Plc
Lafarge Africa has proposed a name change of its corporate identity to HBM Nigeria Plc, subject to approval from stakeholders by special resolution. “The amendment will affect Clause 1 of the Memorandum of the Association of the Company be substituted with the following clause: The name of the Company is HBM Nigeria Plc,” the cement […] read more Lafarge Africa seeks shareholder approval to rebrand as HBM Nigeria Plc
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Here are top 10 sectors that paid the most tax in 2025
In 2025, ten major sectors in Nigeria paid in N4.57 trillion as Company Income Tax (CIT) to the Federal Government, raising more revenue compared to N3.09 trillion in the same quarter last year. The sectors are Financial and insurance activities, Manufacturing, Mining and quarrying, Wholesale and retail trade, repair of motor vehicles and motorcycles, and […] read more Here are top 10 sectors that paid the most tax in 2025
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Egypt risks frontier market downgrade despite reform-driven liquidity boost
Egypt risks a downgrade to frontier market status after FTSE Russell flagged persistent gaps in its equity market, despite recent reforms that have improved liquidity and investor participation. The global index provider noted on Tuesday that, as part of its March 2026 equity country classification interim review, the Arab nation has been retained on the […] read more Egypt risks frontier market downgrade despite reform-driven liquidity boost
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Agony, fear as Kwara church attack survivors call for security measures
The quiet Omugo Community in Ifelodun Local Government Area of Kwara State has been thrown into fear and uncertainty following a recent attack on a Church by armed bandits. What began as a peaceful Sunday worship at an ECWA Church quickly descended into terror when gunmen stormed the service, abducting several worshippers and leaving behind […] read more Agony, fear as Kwara church attack survivors call for security measures
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Military bomb terrorists’ market, kills over 100 fighters
…Zulum describe Jilli market as notorious hub, warns residents …Yobe govt activates emergency response for wounded traders The Air Component of Joint Task Force (North East) Operation Hadin Kai (OPHK) has carried out a deadly and coordinated airstrike on the Islamic State of West African Province terrorists’ enclave, killing over 100 fighters and their collaborators […] read more Military bomb terrorists’ market, kills over 100 fighters
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Don’t fight over inheritance, Fubara counsels King Jaja family
…Says you can only inherit property, not success The family the latest King Jaja of Opobo left behind has been advised not to spark inheritance crisis now that the king has just been laid the rest. Governor Sim Fubara, also an Opobo son, urged the children of the late Dandeson Douglas Jaja, the Amanyanabo of […] read more Don’t fight over inheritance, Fubara counsels King Jaja family
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FG slashes car import tariffs to 40% in new 2026 fiscal policy
The federal government has cut import tariffs on fully-built passenger vehicles, four-wheel drive cars, and station wagons from 70 percent to 40 percent, as part of the new 2026 Fiscal Policy Measures (FPM). This was stated in a document issued by Wale Edun, minister of finance and coordinating minister of the economy, and forms part […] read more FG slashes car import tariffs to 40% in new 2026 fiscal policy
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ADC crisis deepens in Ebonyi as parallel congresses produce two chairmen
A leadership crisis has erupted within the African Democratic Congress (ADC) in Ebonyi State following the emergence of two parallel chairmen from separate congresses held in Abakaliki, the State capital. At one of the congresses held at the Great Aristocrat Hotel, delegates re-elected Jennifer Adibe-Nwafor as State Chairman through a consensus arrangement. She was returned […] read more ADC crisis deepens in Ebonyi as parallel congresses produce two chairmen
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ITMB secures strong GCR ratings amid asset, deposit growth surge
Infinity Trust Mortgage Bank Plc (ITMB) has received strong ratings from GCR Ratings, reflecting its solid financial position, sustained growth performance, and disciplined risk management amid rising balance sheet strength. The rating agency assigned the bank a BBB+(NG) long-term rating, A2(NG) short-term rating, and SQ2(NG) servicer quality rating, with a stable outlook, underscoring confidence in […] read more ITMB secures strong GCR ratings amid asset, deposit growth surge
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NDLEA arrests 93-year-old great grandpa, medical doctor over drug trafficking
…Nabs couple, recovers large consignments of illicit drugs in Lagos, others The National Drugs Law Enforcement Agency (NDLEA) has arrested a 93-year-old great grandpa and a 69-year-old medical doctor, in connection with alleged drug trafficking. The arrests followed intensified offensive action and crackdown on drug cartels and their collaborators in intelligence-led interdiction operations across the […] read more NDLEA arrests 93-year-old great grandpa, medical doctor over drug trafficking
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Atiku, Obi, Amaechi, Kwankwaso make ADC’s 530-member convention planning list
Former Vice President Atiku Abubakar; former Presidential Candidate, Peter Ob;; former Minister of Transportation Rotimi Amaechi; and former Kano State Governor, Rabiu Musa Kwankwaso are among prominent figures named on the 530-member national convention planning committee list of the African Democratic Congress (ADC), constituted by the David Mark-led National Working Committee (NWC). BusinessDay had earlier […] read more Atiku, Obi, Amaechi, Kwankwaso make ADC’s 530-member convention planning list
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Ex-PDP presidential aspirant, Hayatu-Deen, joins ADC, strengthens coalition against APC
Mohammed Hayatu-Deen, former presidential aspirant and economist, has defected from the Peoples Democratic Party (PDP) to the African Democratic Congress (ADC), citing worsening national conditions and the need for a credible political alternative ahead of the 2027 general elections. In a statement issued on Sunday, Hayatu-Deen said his decision was driven by growing concerns over […] read more Ex-PDP presidential aspirant, Hayatu-Deen, joins ADC, strengthens coalition against APC
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What Good Is Economic Growth Without Household Resilience?
A thought I heard recently on a viral podcast has stayed with me: that the primary role of government is security and welfare. It struck me because, in public discourse, we tend to give far more oxygen to other big themes, politics, elections, inflation, GDP growth, unemployment, infrastructure, debt, reforms, the broader direction of the […] read more What Good Is Economic Growth Without Household Resilience?
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Racing to Geo-tag POS in Nigeria: Why Legitimate Agents’ Economic Activities Need Protection
Immanuel Umukoro, Policy and DFS Manager, EFInA On August 25th, 2025, the Central Bank of Nigeria (CBN) released a circular on the Migration to ISO 20022 Standard for Payment Messaging and Mandatory Geo-Tagging of Payment Terminals. The geo-tagging objective was clear: all terminals should be tied to known locations so that suspicious movement could be […] read more Racing to Geo-tag POS in Nigeria: Why Legitimate Agents’ Economic Activities Need Protection
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Nationwide thunderstorms expected as weather shifts Monday – NiMet
The Nigerian Meteorological Agency (NiMet) has forecast a mix of sunny, cloudy, and thunderstorm conditions across the country on Monday, with increased storm activity expected later in the day. According to the agency’s weather outlook for Monday, northern states will experience sunny conditions in the morning, with chances of isolated thunderstorms over parts of Adamawa […] read more Nationwide thunderstorms expected as weather shifts Monday – NiMet
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Viva Matic Partners LG Washing Machines to Power the Perfect Wash for Nigerian Households
Viva Matic, a product of Aspira Nigeria Limited, has announced a strategic partnership with LG Electronics to deliver more efficient, machine-optimised laundry performance for Nigerian households. The partnership brings together Viva Matic’s high-performance detergent, specially formulated for washing machines, with LG’s advanced washing machine technology, as more Nigerian consumers transition to automated laundry solutions. Designed […] read more Viva Matic Partners LG Washing Machines to Power the Perfect Wash for Nigerian Households
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US commends Nigeria over conviction of 386 terrorism suspects in mass trials
The United States has commended Nigeria for securing 386 convictions in terrorism-related mass trials, describing the development as a significant step towards strengthening accountability and confronting extremism. Massad Boulos, the US senior adviser for Arab and African affairs, made the commendation in a statement published on X on Sunday. “The United States commends the Nigerian […] read more US commends Nigeria over conviction of 386 terrorism suspects in mass trials
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Middle East war drives Egypt’s inflation to 10-month high in March
Egypt’s annual inflation accelerated to a 10-month high in March, as surging global energy prices linked to the Middle East conflict and a weaker currency pushed up the cost of living. Consumer prices in urban areas rose to 15.2 percent, up from 13.4 percent in February, according to data released Thursday by the Central Agency […] read more Middle East war drives Egypt’s inflation to 10-month high in March
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Why state capacity now matters more than tax rates in Nigeria’s revenue future
Lagos State’s decision to move its individual annual income tax return deadline from March 31 to April 14, 2026 has drawn attention not because filing is unusual, but because the extension was explicit, public and tied to a clearly digital compliance push through the LIRS eTax channel. The bigger national picture is that resident tax […] read more Why state capacity now matters more than tax rates in Nigeria’s revenue future
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From liquidity to deliverability: The case for bankable transmission investment in Nigeria
Part 1 showed that Nigeria’s power problem is not generation but deliverability. Installed capacity has grown, yet available capacity has declined because transmission remains the binding constraint. This article examines three precedents showing that transmission can attract private capital and outlines five conditions Nigeria must put in place to make it bankable. Nigeria’s telecoms privatisation […] read more From liquidity to deliverability: The case for bankable transmission investment in Nigeria
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Crisis and opportunity: How Iran’s war shapes Nigeria’s economy
The Nigerian economy has long been tied to the fortunes of oil. With crude oil revenue accounting for more than 70% of export earnings, it remains the backbone of government revenue and a key driver of foreign reserves. Oil windfalls have historically shielded Nigeria from external shocks. During the 2008 global financial crisis, for example, […] read more Crisis and opportunity: How Iran’s war shapes Nigeria’s economy
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US announces blockade of Iranian ports after Islamabad talks collapse
The United States military announced on Sunday that it would begin a blockade of all maritime traffic entering and leaving Iranian ports and coastal areas from Monday morning, after weekend negotiations in Islamabad failed to produce a deal to end six weeks of war, throwing a fragile ceasefire into serious doubt. The talks, which ran […] read more US announces blockade of Iranian ports after Islamabad talks collapse
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President Bola Ahmed Tinubu And The King’s College tie (PART II)
What I find troubling is the number of hostile reports on the Internet regarding Old Boys of King’s College who have been sent to jail. The search results for “Old boys of King’s College who have been sent to jail” mainly returned information regarding a 2017 incident when the 1997 set alumni of King’s College […] read more President Bola Ahmed Tinubu And The King’s College tie (PART II)
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WORLD IN BRIEF: US–Iran talks fail, Haiti stampede kills dozens, Guelleh wins sixth term and other stories
US–Iran talks collapse as tensions escalate over Hormuz High-stakes negotiations between the United States and Iran have ended without agreement, exposing deep divisions over Tehran’s nuclear programme and control of the Strait of Hormuz. Mohammad Bagher Ghalibaf, Iran’s chief negotiator, blamed Washington for the breakdown, saying Tehran had presented “forward-looking” proposals but failed to secure […] read more WORLD IN BRIEF: US–Iran talks fail, Haiti stampede kills dozens, Guelleh wins sixth term and other stories
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Ending the burden of out-of-pocket healthcare
In today’s Nigeria, falling ill is no longer just a health crisis; it is a financial catastrophe waiting to happen. For millions of citizens, a hospital visit can wipe out savings, derail livelihoods, and plunge entire families into debt. At a time of economic hardship, rising inflation, and shrinking incomes, the persistence of out-of-pocket medical […] read more Ending the burden of out-of-pocket healthcare
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Heirs Insurance and United Capital Empower Women Through Yoga, Finance Meet-Up
BY NKECHI NAECHE-ESEZOBOR—-Heirs Insurance Group and United Capital Plc have hosted the Yoga and Money Meet Up, an exclusive wellness and financial empowerment event for ambitious women. The event, held in Lagos, offered a curated experience that combined guided yoga and stress management sessions with expert-led conversations on insurance, investment, and asset protection. It reinforced […] The post Heirs Insurance and United Capital Empower Women Through Yoga, Finance Meet-Up appeared first on Business Today NG.
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Unitrust Insurance Posts 27.8% Premium Growth in Q1 2026 as Claims Payment Rises 77%
Unitrust Insurance Company Limited has reported a strong financial performance for the first quarter of 2026, posting significant year-on-year growth in both premium income and claims settlement, a development that further strengthens its reputation as a dependable and customer-focused insurer. The company recorded a Gross Written Premium (GWP) of ₦9.93 billion in Q1 2026, representing […] The post Unitrust Insurance Posts 27.8% Premium Growth in Q1 2026 as Claims Payment Rises 77% appeared first on Business Today NG.
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In Nigeria’s oil birthplace, solar power sparks a new economy
The rusted derrick still stands as a monument to Nigeria’s energy sector, a subtle reminder of the day in 1956 when Shell geologists discovered the first commercial crude oil in this tiny village surrounded by mangroves, changing the course of Africa’s most populous economy for generations. For decades, billions of dollars’ worth of crude flowed […] read more In Nigeria’s oil birthplace, solar power sparks a new economy
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Large firms risks sanctions as June e-invoicing deadline nears
Many large businesses risk sanctions if they fail to connect their invoicing systems to the Nigerian Revenue Service’s electronic invoicing. read more Large firms risks sanctions as June e-invoicing deadline nears
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FTSE upgrade sparks N1.36trn stock investors windfall in 72 hours 
The Nigerian equities market has turbocharged, adding N1.36 trillion to its market capitalisation within just 72 hours. This rally was ignited by FTSE Russell’s decision to upgrade Nigeria from “Unclassified” back to “Frontier Market” status, a move that effectively restored the nation’s standing on the global investment map within a three-day window following the announcement. […] read more FTSE upgrade sparks N1.36trn stock investors windfall in 72 hours 
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High borrowing costs push drugmakers to restructure
Nigeria’s pharmaceutical companies relied heavily on short-term bank loans to fund operations, expansion, and working capital. That model is now under strain as rising interest rates and currency pressures make debt increasingly difficult to sustain. By the second quarter of 2026, a structural shift is taking hold, with firms beginning to restructure their balance sheets […] read more High borrowing costs push drugmakers to restructure
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High fuel prices spur CNG, yet barriers slow adoption
Nigeria is turning to cheaper transport alternatives such as Compressed Natural Gas (CNG), but limited access, conversion costs, and infrastructure gaps slow adoption, limiting its impact on surging transport costs. As fuel prices continue to rise, increasing transportation costs, talks around transitioning to CNG for mobility are gaining traction to mitigate the effects of the […] read more High fuel prices spur CNG, yet barriers slow adoption
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ICAN aviation Chapter mulls N500m endowment fund to boost research, training, others 
…marks first anniversary The Institute of Chartered Accountants of Nigeria (ICAN) Aviation Chapter plans to launch a N500 million endowment fund designed to provide sustainable funding for its activities. Part of the fund will be invested to generate returns that can support the chapter’s operations, as well as develop facilities for training, research and professional […] read more ICAN aviation Chapter mulls N500m endowment fund to boost research, training, others 
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