Transcorp Power Plc one of the power subsidiaries of Africa’s leading listed conglomerate, Transnational Corporation Plc (Transcorp Group), has announced its unaudited financial results for the first quarter ended March 31, 2026, reporting a resilient performance despite significant operational disruptions during the period. Key highlights… Revenue: N94.59 billion (Q1 2025: N105.44 billion); Profit Before Tax: […] read more Transcorp Power posts N39.59bn Q1 profit

As inflation continues to erode the value of cash holdings in Nigeria, digital lenders and microfinance banks are increasingly pushing automated wealth tools to help retail customers protect their purchasing power, senior executives at FairMoney Microfinance Bank have said. Speaking during a roundtable interview, Chinwe Iwobi, the bank’s head of wealth management, and Feyishetan Akinyemi, […] read more Nigerian fintechs turn to automated wealth tools as inflation erodes savings value

Key players in Nigeria’s financial technology ecosystem debated how to deepen financial inclusion while maintaining trust, innovation, and regulatory balance in a fast-growing digital economy, at the Payments Forum Nigeria (PAFON) 3.0. The discussions brought together voices across payments, credit data, agent networks, and blockchain, revealing both shared goals and sharp differences on how the […] read more PAFON 3.0: Fintech leaders clash on trust, inclusion and future of payments

Consumer groups, health experts and policymakers in Nigeria are pushing for strict zero-added-sugar standards in infant foods, warning that current regulations are outdated and may be putting babies at risk of long-term health problems such as obesity and diabetes. The call was made at a stakeholders’ meeting in Abuja organised by the Consumer Advocacy and […] read more Stakeholders push zero-sugar infant food rules over health risks in Nigeria

The strategic importance of deepening economic ties between Nigeria and South Africa has been described as critical drivers of Africa’s growth and integration agenda. The submissions were made by stakeholders at the second edition of the Economic Diplomacy Roundtable jointly convened by the South African High Commission in Nigeria and MTN, who brought together government […] read more Nigeria–South Africa partnership critical to Africa’s integration agenda

For Africa to grow into an energy powerhouse, strategic collaboration between Nigeria and South Africa is crucial in driving this goal, industry players have said. At the fourth edition of the South Africa Week in Lagos on Wednesday, industry players in the energy sector stressed the pivotal role of collaboration in ensuring that both countries […] read more Nigeria, South Africa seek to boost energy infrastructure through collaboration

The spokesperson for Governor Ademola Adeleke’s re-election campaign council, Pelumi Olajengbesi, has called on the All Progressives Congress (APC) to apologise to civil servants in Osun State before attempting to return to power. He argued that accountability for past governance failures must come before any renewed political ambition. In a statement issued on Friday, Olajengbesi […] read more APC told to apologise to Osun civil servants before comeback bid

The United States has restored a government-backed credit guarantee to attract Nigerian agro-importers, capitalising on an 84 percent growth in agricultural trade between the two countries In Lagos on Friday, officials said Nigerian banks regained access to the US Department of Agriculture’s GSM-102 program in late 2025, enabling financing for importers seeking American agricultural inputs. […] read more US woos Nigerian agro-importers with restored credit guarantee

Nigeria’s anime scene, long sustained by fan communities and informal networks, is beginning to take shape as a structured commercial market following a new partnership between AniWe and the Japan-Africa Entertainment Business Council (JAEBC). The collaboration is aimed at creating a direct pathway between Japanese intellectual property holders and Nigerian consumers, which will enable licensed […] read more Nigeria’s Anime scene shifts from fan communities to structured market with AniWe deal

Egbin Power, Nigeria’s largest privately-owned thermal power generation company, has been named Electricity Generation Company of the year by Energy Times, a leading publication in the energy, oil and gas sector. This recognition highlights GenCo’s unwavering commitment to operational excellence and resilience in the face of industry-wide challenges. The award was presented at the Energy […] read more Egbin Power named GenCo of the year for operational excellence, sector resilience

Title: Still Mrs. Cole Author: GVictoria Year of Publication: 2025 Number of Pages: 66 Category: Fiction GVictoria’s Still Mrs. Cole welcomes you straight into the heart of relationship struggles. From the very beginning, you are placed in the middle of a couple’s conflict, almost like you’re standing nearby, listening and wondering whether to stay or […] read more When Love Is Tested – A review of GVictoria’s Still Mrs. Cole

ANACONDA (2025) If you have been following “The Anaconda” movies from way back 1997 and have enjoyed them, then you might want to try this out, this new movie was a little bit more witty than serious, they took a slight twist to the original version. To the story in this new movie, Ronald gets […] read more Netflix Reviews: Anaconda

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.