The federal government is considering granting domestic airlines discounts on debts owed to aviation agencies as part of emergency measures to ease the pressure of a deepening aviation fuel crisis, Minister of Aviation and Aerospace Development Festus Keyamo said on Wednesday. Keyamo made this disclosure after a high-level meeting in Abuja convened to address the […] read more FG to reduce debts for domestic airlines as as aviation fuel crisis deepens

For nearly a year, Nigeria’s macroeconomic narrative had been cautiously optimistic. Inflation had been trending downward, monetary tightening appeared to be working, and exchange rate reforms were gradually stabilising the naira. But March 2026 may prove to be a turning point. Data shows that headline inflation rose slightly from 15.06% in February to 15.38% in […] read more When Inflation Returns: External Shocks and Nigeria’s Fragile Price Stability

In sub-Saharan Africa, household air pollution claims over 800,000 lives yearly, with women and children bearing the greatest brunt. Nearly 80 percent of the population still relies on wood and charcoal for cooking, making clean cooking not just an energy intervention, but also one of the most immediate and high-impact climate and public health interventions […] read more Why government-backed authorisation is crucial for African clean cooking carbon finance

When the gap between Nigeria’s crypto-implied naira rate and the official exchange rate widened, policymakers reached for the obvious lever, crypto. Restrict it, and the pressure on the naira would ease. It didn’t. A recent Bank for International Settlements working paper, using data across 27 currencies, finds that stablecoin flows do affect foreign exchange markets. […] read more Why Nigeria’s Crypto ban added friction without stabilising the naira

Click to read on our premium read more BusinessDay 23rd Apr 2026

Click to read on our premium read more BusinessDay 23rd Apr 2026

When patients must choose between long waiting hours and unbearable medical bills, it is a clear sign that a healthcare system is failing the very people it was designed to protect. Across Nigeria today, this painful dilemma has become routine, a quiet crisis unfolding in hospital corridors, private clinics, and family homes. For millions, seeking […] read more When care becomes a choice between time and survival

The valuation of Premium Board stocks on the Nigerian Exchange Limited (NGX) has seen a massive surge recently, reaching an all-time high of N54.3 trillion. This formidable milestone represents a 38.8 percent share of the N140.5 trillion equities market capitalisation, signalling a period of robust expansion for the exchange’s most elite tier.  The momentum is primarily anchored by […] read more MTNN, Dangote Cement, Seplat drive premium stocks valuation to N54.3trn

…As rising debt service weighs on revenue Nigeria’s worsening debt profile is forcing renewed calls for stricter fiscal discipline and alternative financing strategies, as rising debt servicing costs continue to consume a significant share of government revenue and limit spending on critical development needs. With debt servicing projected at N15.81 trillion in the 2026 budget, […] read more Nigeria’s debt burden sparks calls for fiscal discipline

The Supreme Court on Wednesday reserved judgement in appeals arising from the protracted leadership crises in the African Democratic Congress (ADC) and the Peoples Democratic Party (PDP). A five-member panel of justices, led by Justice Mohammed Lawal Garba, said the date for the judgements would be communicated to all parties after counsel adopted their briefs […] read more Opposition parties risk 2027 election exclusion as court ruling drags

BY JUDE MADUEKE—Manchester City continued their late push for the Premier League title with a strong win at Turf Moor, moving to the top of the table while confirming relegation for Burnley. The champions, unbeaten in 11 matches, overturned a nine-point gap on Arsenal to lead on goal difference with five games left. Erling Haaland […] The post Haaland Fires City to Premier League Top Spot appeared first on Business Today NG.

Iran seized two vessels in the Strait of Hormuz on Wednesday, the first such action since the war began late February, raising fresh doubts about whether a fragile ceasefire between Tehran and Washington can hold. The Revolutionary Guards confirmed they had boarded and escorted the ships to Iranian shores for what they called maritime violations. […] read more Iran seizes ships as ceasefire hangs by a thread

American warships have fanned out across the Indian Ocean and Southeast Asian seas to intercept Iranian oil tankers, boarding and redirecting vessels loaded with millions of barrels of crude far from the war’s front lines, shipping and security sources told Reuters on Wednesday. At least three Iranian flagged tankers have been turned away from waters […] read more US forces hunt Iranian tankers across Asian waters

L-R: Olubunmi Akinremi, Independent Non-Executive Director; Ayodeji Adigun, Non-Executive Director; Agatha Obiekwugo, Non-Executive Director ; Azubike Emodi, Managing Director/Chief Executive Officer; Emmanuel Nnorom, Chairman, Board of Directors; Omomene Obanor, Company Secretary; Olukayode Odebiyi, Executive Director; Owen Omogiafo, Non-Executive Director; and Obong Idiong, Non-Executive Director, all of Afriland Properties Plc at the company’s 13th Annual General […] The post Afriland Properties Grows Revenue to ₦4.07bn, Assets Rise to ₦65bn appeared first on Business Today NG.

The Governor of Lagos State, Mr. Babajide Sanwo-Olu, said the newly acquired 24 new coaches for the Red Line Rail by the Lagos State Government in China will enhance the multimodal transportation system and bring relief to commuters in the State. He disclosed that there were ongoing conversations to extend the Red Line further into […] The post Lagos Red Line Set to Transport 500,000+ Passengers Each Day appeared first on Business Today NG.

The Minister of Aviation and Aerospace Development of, on Wednesday revealed major steps taken by the Federal Government to ease the economic strain on airlines, amid growing worries about the high price of Jet A1 fuel and possible disruptions to flight services. He shared this update after holding a lengthy discussion with representatives from the […] The post Aviation Sector Gets Lifeline as FG Intervenes on Fuel Crisis appeared first on Business Today NG.

BY JUDE MADUEKE—Chelsea FC have parted ways with head coach Liam Rosenior after a poor sequence of performances, ending in a 3–0 loss to Brighton & Hove Albion. The team endured five straight Premier League losses without finding the net — their worst streak of this kind since 1912 — leading club officials to make […] The post Chelsea Part Ways with Rosenior After Heavy Brighton Defeat appeared first on Business Today NG.

Lagos State Governor,  Mr Babajide Sanwo-Olu, on Wednesday commended the performance of the Lagos State Internal Revenue Service (LIRS), describing it as a critical driver of the state’s economic growth, while calling for greater autonomy for tax agencies across the country. Sanwo-Olu spoke at the State House, Marina, while hosting members of the Joint Revenue […] The post Sanwo-Olu seeks autonomy for state tax agencies appeared first on Business Today NG.

Manchester City moved top of the Premier League table with a hard-fought 1-0 victory over Burnley at Turf Moor on Wednesday, edging ahead of Arsenal in the title race. The result also confirmed Burnley’s relegation, marking their third drop from the top flight in five seasons as they return to the Championship alongside Wolverhampton Wanderers. […] read more EPL: Man City go top with win over Burnley

Nigeria’s listed real estate investment fund, UPDC Real Estate Investment Trust, delivered a strong first-quarter performance, with profit growth rising by 36 percent, driven primarily by a sharp increase in rental income and a steady expansion of its asset base. According to its unaudited financial statement for the period ended March 31, 2026, the trust […] read more UPDC REIT grows Q1 profit by 36% as rental income rises

Despite remaining one of the world’s poorest nations and operating in one of Africa’s most complex environments, the Democratic Republic of the Congo (DRC) is on track to become the continent’s eighth-largest economy in 2026. BusinessDay analysis of GDP data across 53 African countries, based on estimates from the International Monetary Fund (IMF), shows the […] read more Rising DRC: How Congo is climbing into Africa’s largest 10 economies

Before Monday, April 20, 2026, barely anyone knew what LooPoint was. The few who had heard of it were undergraduate students at the University of Ibadan, who had perhaps used it to locate a nearby restroom on campus. But within days, LooPoint had gone from a campus tool to a viral idea—and its founders from […] read more How one tweet landed two UI Graduates a Lagos deal, and made their toilet app go viral

Ajibade Laolu-Adewale, chairman of the Committee of E-Business Industry Heads (CeBIH), has called for urgent coordination across Nigeria’s financial ecosystem, warning that rapid growth in digital payments risks being undermined by weak trust, poor interoperability, and fragmented intelligence systems. Speaking during his keynote address at the BusinessDay Fintech Summit 2026, Laolu-Adewale, who was represented by […] read more Nigeria must coordinate banks, fintechs, telcos for trusted digital economy

Stanbic IBTC Insurance Limited has been named the overall winner of the CRe Momentum Award at the inaugural CRe Insurance Awards for Africa 2026, announced during the Continental Reinsurance (CRe) CEO Summit held in Kigali, Rwanda on April 17, 2026. The company was recognised for its consistent commercial performance, disciplined execution, and a highly effective […] The post Stanbic IBTC clinches CRe Momentum Award appeared first on Business Today NG.

The European Commission has unveiled a €235 million humanitarian assistance package for West and Central Africa, with Nigeria expected to receive €33 million to help tackle rising insecurity, displacement, and food insecurity. In a statement released on Wednesday, the European Union said the funds are intended to support vulnerable populations across the region as ongoing […] The post Nigeria to receive €33 million amid worsening insecurity and displacement appeared first on Business Today NG.

BY NKECHI NAECHE-ESEZOBOR—The National Agency for Food and Drug Administration and Control (NAFDAC) has exposed and shut down two unlawful facilities engaged in the falsification and tampering of alcoholic drinks in Lagos State. In a statement released on Wednesday via its official X account, the agency said it acted on reliable intelligence to carry out […] The post NAFDAC Shuts Down Illegal Alcohol Production Sites in Lagos appeared first on Business Today NG.

Nigeria’s Minister of Power, Adebayo Adelabu, has stepped down from his position and suggested appointing a Coordinating Minister for Energy to lead unified reforms in the country’s electricity and gas industries. In a resignation letter dated April 22, 2026, addressed to President Bola Tinubu, Adelabu stated that he will officially leave office on April 30, […] The post Adelabu Resigns, Calls for Coordinating Minister to Overhaul Energy Sector appeared first on Business Today NG.

Ondo State Governor, Lucky Aiyedatiwa, on Wednesday urged aspirants and stakeholders to embrace consensus and avoid internal rivalries capable of weakening the party ahead of the 2027 general elections. Aiyedatiwa, who spoke at the Northern Senatorial District stakeholders’ meeting held in Owo, said while ambition is legitimate in politics, it must not override collective interest. […] read more 2027: Embrace consensus, avoid internal rivalries, Aiyedatiwa tells Ondo aspirants

One Universe has launched a digital marketplace aimed at improving trust, payments and service delivery in Nigeria’s largely informal service economy, as platforms race to formalise transactions and expand financial inclusion. The company said its mobile application, now available on major app stores, connects users with verified service providers, enabling them to negotiate jobs, agree […] read more One Universe launches escrow-backed marketplace to formalise Nigeria’s informal service economy

In line with the vision and directives of Tunji Disu, Inspector-General of Police (IGP) aimed at ensuring a Police Force that is professional, humane, accountable and effective, the Abia State Police Command has undertaken strategic reforms of the Command tactical teams. This is as the Rivers State Police Command also disbanded all tactical teams and […] read more Police rejig tactical operations against insecurity in Abia, Rivers 

President Bola Tinubu on Wednesday reaffirmed Nigeria’s commitment to deepening economic relations with the United Kingdom, particularly in the aviation sector and other mutually beneficial areas, as British Airways marks 90 years of operation in Nigeria. President Tinubu gave the assurance when he met with a delegation from British Airways led by the British High […] read more Tinubu promises stronger ties with UK, as British Airways mark, 90 years in Nigeria 

Ahead of the June 20, 2026 Governorship election in Ekiti State, the International Press Centre (IPC) has engaged and trained journalists on credible election reporting and neutrality for the advancement of the nation’s democratic space. Speaking at a two-day training and stakeholders’ dialogue held in Ado-Ekiti, the State capital, Lanre Arogundade, the Executive Director of […] read more Police to clampdown on vote buyers as IPC engages journalists in Ekiti 

Presidency on Wednesday clarified that Wale Edun, former Finance Minister and Coordinating Minister of the Economy, fuly tendered his resignation from Office, citing health reasons before President Bola Tinubu announced his replacement on Tuesday. Presidency also revealed that Ahmed Dangiwa,  former Minister of Housing and Urban Development,  similarly resigned and thanked the President for the […] read more Breaking: Edun, Dangiwa resigned not sacked – Presidency 

The outgoing Minister of Housing and Urban Development, Ahmed Musa Dangiwa, has expressed deep appreciation to President Bola Ahmed Tinubu for the opportunity to serve in the Federal Executive Council and contribute to the implementation of the Renewed Hope Housing Agenda. In a statement signed by his Special Assistant on Media and Strategy, Mark Chieshe, […] The post Dangiwa Appreciates President Tinubu for Opportunity to Serve Nigeria appeared first on Business Today NG.

President Bola Ahmed Tinubu on Wednesday reaffirmed Nigeria’s commitment to strengthening economic cooperation with the United Kingdom, with particular emphasis on aviation and other key sectors of mutual benefit. He gave the assurance while receiving a delegation from British Airways at the Presidential Villa, Abuja. The team was led by the British High Commissioner to […] The post Tinubu Reaffirms Commitment to Stronger Nigeria–UK Economic, Aviation Ties appeared first on Business Today NG.

Informal ambulance services like commercial buses or community-based services by ‘good samaritans’ accounted for 47 percent of all emergency response transportation services in 2025 according to recent industry reports by Salvus Emergency on Nigeria’s emergency healthcare system. Public ambulance services account for only seven percent of all emergency response services, private ambulance services account for […] read more Informal ambulance services handle 47% of emergencies in Nigeria – Report