Nigeria is turning to its tax system to finance infrastructure and energy projects, introducing new tax credits and a consolidated levy aimed at mobilising private capital into sectors long constrained by funding gaps. The urgency behind the reforms reflects a deeper fiscal challenge. “Our tax-to-GDP ratio is one of the lowest in the world. How […] read more Tax credits, development levy to steer capital into infrastructure, energy

…holds its first World Book and Copyright Day Ronik Polytechnic advances efforts to strengthen intellectual property protection and expand access to knowledge by seeking strategic collaboration with the Nigerian Copyright Commission, the National Library of Nigeria, and publishers, among others. Chris Alabi, chairman of the governing council at Ronik Polytechnic, represented by Babatunde Adedoyin, a […] read more Ronik Polytechnic pushes NCC, NLN partnership on IP, knowledge access

United Capital Group has recorded its most profitable financial year to date, with profit after tax (PAT) growing 17 percent to N28.15 billion in the 2025 financial year. The Group reported a 35 percent increase in revenue, from N43.43 billion in 2024 to N58.55 billion in 2025, driven by a 176 percent surge in net […] read more United Capital declares N1 final dividend as profit rises to N28.15bn

As Nigeria moves through phases of its tax reform implementation, a shift is quietly taking hold in how businesses approach compliance. Paying taxes is no longer enough. Companies are now expected to show, in clear terms, how those figures were arrived at. The change is driven by the Nigeria Tax Act (NTA) 2025 and the […] read more New tax rules force firms to defend tax positions

Afriland Properties Plc, a leading real estate development and management company, has announced its audited financial results for the year ended December 31, 2025, showcasing strong revenue growth, an expanded asset base, and sustained shareholder returns. The results presented to shareholders at the Company’s 13th Annual General Meeting held virtually show a full year dividend […] read more Afriland Properties shareholders get 24k dividend FY

Transcorp Hotels Plc, the hospitality subsidiary of Transnational Corporation Plc (Transcorp Group), has released its unaudited results for the first quarter ended March 31, 2026. The Company delivered N22.41 billion in revenue, a 9 percent increase from N20.64 billion in Q1 2025, while Profit Before Tax (PBT) increased by 15percent to N7.08billion. These results reflect […] read more Transcorp Hotels grows Q1 pre-tax profit to N7.08bn

The Federal Government has formally launched the Energise Commercialisation Now (ECoN) initiative in Kano, positioning it as a national framework to bridge the long-standing gap between research outputs and real-sector economic growth. Speaking while, flagging off the programme, the First Lady, Oluremi Tinubu, described the initiative as a strategic move to transform Nigeria’s innovation landscape […] read more First Lady unveils ECoN initiative in Kano, targets conversion of research to jobs, industry growth

It has been a whole year since I lost my younger sister Maryanne  Asuku. It is almost unreal. The fact that I will never run into her again in this sphere of mortal beings is difficult to believe, but as many philosophers and faith bearers as well as the good books put it, let me […] read more Encountering grief: Different pathways (Part 1)

Nearly a third of organisations report that AI is not on the board agenda. Two-thirds say boards still have limited-to-no knowledge or experience with AI. At the same time, AI is already shaping how strategy is executed: approving loans, pricing risk, allocating resources, and influencing decisions at scale. That is the disconnect. Boards are accountable […] read more Delegation or abdication? The board’s AI blind spot

]QShelter Limited, a digital property platform, is driving wellness with the ‘M00VE Experience’ to promote lifestyle change and foster in-person engagement. “This initiative is not just about promoting our project, but about creating awareness of the scale and vision behind the 2004 Estate, as well as contributing to efforts to reduce the housing deficit in […] read more QShelter drives wellness with ‘2004 M00VE Experience’

Nigerian Breweries Plc has reported a 25.6 percent rise in profit after tax, recording N55.95 billion for the first quarter ended March 31, 2026, amid what it described as a “fragile and volatile operating environment” worsened by the crisis in the Middle East. The brewer released its unaudited and provisional results obtained on the Nigerian […] read more Nigerian Breweries posts N55.9bn profit as finance costs decline

Women micro-entrepreneurs achieve sustained income growth only when multiple support systems work together, rather than through isolated interventions, according to new findings released by BFA Global. The findings, drawn from the organisation’s Women’s Economic Empowerment Opportunity Leads Umbrella Programme in Kenya, highlight five interconnected domains that determine whether low-income women can translate economic opportunities into […] read more Women’s income growth depends on coordinated support ecosystems, says BFA Global

First City Monument Bank (FCMB) is positioning culture as an economic engine, leveraging platforms such as the Ibadan Cultural Festival to support small businesses, deepen inclusion, and connect local enterprises to broader markets. As a lead partner in the festival organised by the Central Council of Ibadan Indigenes (CCII), the Bank said cultural gatherings are […] read more FCMB taps cultural economy to drive inclusion at Ibadan festival

One of the prevailing features of African politics is the tendency of leaders to remain in power longer than the very system and laws meant to regulate them. Across the continent, this issue continues to surface as presidents extend their grip on power, far beyond what constitutions originally intended. The recent re-election of Djibouti’s 78-year-old […] read more What is with Africa and sit-tight rulers?

In any rational system, a surge in revenue should translate into relief for citizens (better roads, functional hospitals, quality schools, and a visible improvement in living standards). But in Nigeria today, the opposite seems to be unfolding. At a time when allocations from the Federation Account Allocation Committee (FAAC) have risen by an astonishing 161 […] read more Why states must rethink governance before it is too late

Thanks to powerful partnerships with industry leaders, NOTE 60 Ultra represents Infinix’s boldest entry in the flagship tier. Infinix is cementing its status within the premium smartphone segment in a bold new way with NOTE 60 Ultra, its landmark flagship which debuted in Barcelona during Mobile World Congress 2026. Co-developed with Italian automotive and design […] read more Infinix NOTE 60 Ultra Ushers in New Premium Era

If you are a lover of fine dining, particularly in a tranquil setting such as a rooftop, there is a deal for you. ARAMI, a new restaurant in town, amid stylish and world-class culinary offerings, has opened its doors to satiate your taste buds and passion. Owned by the L’Ori Hospitality Group, which also operates […] read more ARAMI: Celebrating fine dining, fine art in one space

Nigeria’s electricity sector is at a defining moment. With the Electricity Act 2023, the country has begun decentralising power—allowing states to generate, distribute, and regulate electricity within their borders. This reform holds immense promise. But it also carries significant risk. The experience of India, which began a similar journey over two decades ago, shows that […] read more Learning from India’s state electricity market reforms

Italy’s sports minister Andrea Abodi has dismissed suggestions that the Azzurri could replace Iran at the 2026 FIFA World Cup, describing the idea as “not appropriate” and firmly ruling out any administrative route back into the tournament. Read Also: 2026 World Cup: Trump envoy urges FIFA to swap Iran for Italy The proposal emerged after […] read more World Cup: Italy’s sports minister rejects proposal to replace Iran

The risk to African economies from the Middle East conflict is likely to worsen if the war drags on, given that many are net importers of oil, fuel and fertilisers, S&P Global said on Wednesday. In an assessment of the continent’s exposure to the crisis, the ratings agency said higher fuel and fertiliser import costs […] read more S&P says Middle East war to hit African states’ credit ratings

FATE Foundation has trained 256,277 entrepreneurs in Nigeria over 26 years, cementing its role at the forefront of enterprise development in Africa’s most populous nation. The non-profit has graduated 8,945 entrepreneurs from its flagship programmes since 1999, while reaching 247,332 more through short courses, self-paced learning and digital tools. Its podcasts and online platforms have […] read more FATE Foundation trains 256,277 entrepreneurs in 26 years

The Airlines Operators of Nigeria (AON) has described the Dangote Petroleum Refinery and Petrochemicals as a critical pillar of support for Nigeria’s aviation industry, disclosing that the refinery currently supplies over 95 per cent of the Jet A1 fuel consumed nationwide, while also exporting 1.1 billion litres of aviation fuel to Europe between March and […] read more Dangote Refinery exports 1.1bn litres of aviation fuel to Europe, supplies 95% of Nigeria’s Jet A1 – AON

The African Democratic Congress (ADC) Legislators’ Forum has strongly condemned the move by President Bola Tinubu to secure Senate approval for an additional external loan of $516,333,070. The funds are intended for the Sokoto–Badagry Super Highway project. Forum members described the request as alarming and emblematic of an administration that has made reckless borrowing its […] read more ADC lawmakers challenge Tinubu over $516m infrastructure loan

Dangers associated with investing in the African Market Space Foreign direct investment into Africa surged 75% to reach $97 billion in 2024, with North Africa alone growing 277% according to UNCTAD’s World Investment Report. Yet this optimism masks persistent risks that separate successful expansions from costly failures. In Sub-Saharan African regions, trust in public systems […] read more Due Diligence before Partnerships: Protecting your African expansion investments from costly risks

A conversation with Emmanuella Amah-Victor, founder of Ella’s Administrative Consult, as the company marks its third anniversary and relaunches with renewed purpose. Q: Before we get into the business – who is Emmanuella Amah-Victor, and what shaped the way you think about work?  A: I have always been someone who notices what is not working […] read more The Founder Who Decided That African Businesses Deserved Better Systems

BY NKECHI NAECHE-ESEZOBOR—Filing your motor insurance claim doesn’t have to be difficult if you follow the steps below: 1 Notification The first thing to do is inform your insurance company as soon as an incident occurs. Let them know what happened and whether you were at fault or not. The longer you delay reporting, the […] The post How to File a Motor Insurance Claim appeared first on Business Today NG.

Iran rejects Trump rift claim, insists on unity Iranian leaders have dismissed claims by Donald Trump, the US president, that there is a split within Tehran’s leadership, insisting the country remains united. President Masoud Pezeshkian, Abbas Araghchi, foreign minister and Mohammad Bagher Ghalibaf, parliament speaker, all rejected the assertion, issuing coordinated statements alongside the Supreme […] read more WORLD IN BRIEF: East Africa plans refinery with Dangote, UK jails HIV offender, Meta cuts jobs for AI push and other stories

Click to read on our premium site read more BusinessDay 24th Apr 2026

The debate over lifetime royalties in Nollywood is currently hitting a wall of hard math. While the sentiment points toward a more dignified future for performers, the economic architecture of Nigerian cinema remains ill-equipped to sustain such a burden. The discourse highlights the structural fragility of one of Africa’s largest film industries. Unlike the billion-dollar […] read more Why Nollywood can’t afford lifetime royalties to actors

…Three lives, three different journeys, one shared struggle A cancer diagnosis is not just a medical event; it is an existential disruption that ripples far beyond the physical body. Data published in the Journal of Oncology, Navigation and Survivorship reveals a sobering reality: more than 78 percent of Nigerian cancer patients experience significant psychological distress […] read more The untold story of cancer survivors and life after treatment

Investors eyeing Nigeria’s long-troubled power sector are increasingly bypassing broad national grid exposure in favour of state-led electricity deals with identifiable demand, contracted off-takers and clearer governance, a quiet but consequential shift in how Africa’s most populous country finances its energy future. The pivot, documented in a PwC report published this month following the firm’s […] read more Investors bet on state-led power deals over national grid

Few careers illustrate the power of journalism in shaping a nation’s conscience as vividly as that of Tunde Sarafadeen Rahman. Over four decades, his journey from newsroom reporter to presidential aide reflects a rare blend of intellectual discipline, strategic communication and unwavering commitment to the public good. Rahman’s story is not merely about professional advancement. […] read more The Quiet Architect of Influence: Celebrating Tunde Sarafadeen Rahman at 60

The Department of State Services has arraigned former Kaduna State governor Nasir El-Rufai over alleged breaches of cybercrime laws. The Federal Government filed a five-count amended charge accusing El-Rufai of unlawfully intercepting and tapping the telephone communications of the National Security Adviser, Nuhu Ribadu, in violation of Nigeria’s cybercrime regulations. According to court documents, the […] The post Former Kaduna Governor Nasir El-Rufai Docked for Alleged Illegal Surveillance appeared first on Business Today NG.

The Nigerian Communications Commission (NCC) says operators will upgrade 12,000 base stations in 2026 and begin compensating subscribers for poor telecom service. The Executive Vice-Chairman of NCC, Dr Aminu Maida, said this during a breakfast meeting with the media on Thursday in Lagos. Maida said the planned infrastructure expansion marked a major step in addressing […] The post NCC targets 12,000 base station upgrades to improve telecom services appeared first on Business Today NG.

President Bola Tinubu has conveyed Nigeria’s solidarity with Gulf countries affected by attacks in the US-Israel war with Iran, describing the crisis as a threat to global peace that demands collective resolve. Tinubu made the remarks on Thursday at the State House in Abuja while receiving letters of credence from seven ambassadors and two high […] read more Tinubu expresses solidarity with Gulf states amid Iran war attacks

Every dividend season, a familiar pattern emerges in the Nigerian stock market: prices climb, conversations spark, and investors who were once on the sidelines suddenly rush back in. Shareholders of some of the companies listed on the Nigerian Exchange (NGX) are set to receive a combined dividend payout of N3.2 trillion for the 2025 financial […] read more Why More Nigerians Are Buying Dividend-Paying Stocks on i-invest