The ECHO Creator Accelerator programme is calling for the monetisation of the African Creator economy to tap into the $250 billion global opportunity. Adetutu Laditan, founder of Woof Studios Africa, disclosed that Africa risks missing out on the estimated 250billion-dollar global creator economy without a stronger focus on monetisation and structured growth. Laditan said this […] read more ECHO targets African creator monetisation to tap $250bn global economy

The rusted derrick near the edge of town has not pumped oil in decades. But in the village where Shell geologists struck Nigeria’s first commercial crude in 1956, a quieter energy revolution is reshaping daily life and, with it, the local economy. A solar-and-battery microgrid installed in 2020 by Atlanta-based Renewvia Energy Corporation now serves […] read more Solar unlocks small business boom in Nigeria’s first oil village

Digital learning at Ekiti State University (EKSU) has received a major boost with the unveiling of “Digi-Teach” by Tunji Olowolafe, the vice-chancellor of the institution, signalling a bold expansion of the university’s tech-driven education strategy. Olowolafe unveiled sweeping digital initiatives aimed at transforming the institution’s academic landscape at the 30th Convocation ceremony of the institution […] read more Olowolafe unveils ‘Digi-Teach’, expands digital revolution at EKSU

The Nigerian Ports Authority (NPA) said that its long-awaited Port Community System will go live within weeks, as the digital platform nears final approval by the Federal Executive Council (FEC). Abubakar Dantsoho, managing director of the NPA, said the system has reached 90 percent completion and is now awaiting clearance from the FEC before rollout. […] read more NPA says Port Community System to go live in weeks as FEC approval nears

Romuald Wadagni, Benin’s finance minister, has won the country’s presidential election by a wide margin, securing more than 94 percent of the vote based on provisional results that electoral officials say are already beyond doubt. Romuald Wadagni, 49, was declared the clear winner after more than 90 percent of ballots were counted, according to the […] read more Wadagni wins Benin presidency in landslide amid weak opposition 

Lekki Port is sending staff to China for advanced training on port systems and logistics operations, betting that imported expertise will help it compete in West Africa’s increasingly crowded maritime market. The Nigerian port partnered with Beijing’s consulate to dispatch selected personnel for exposure to cutting-edge technologies and operational practices used in top-tier maritime hubs. […] read more Lekki Port taps Chinese expertise in regional maritime rivalry

Nigeria is in a strong position to benefit from the rapid growth in trade between East and West Africa, according to Frederik Klinke, chief executive officer of APM Terminals, Nigeria’s largest terminal operator. Klinke, while speaking at the Blue Economy Investment Summit in Abuja, said trade along the East–West Africa corridor grew by more than […] read more Nigeria paced for bigger slice of booming East–West Africa trade-Terminal operators

One of Ogun State governorship aspirants, Iyabo Obasanjo, has suspended her 2027 ambition after the All Progressives Congress (APC) adopted Senator Solomon Adeola as its consensus candidate, signaling an early consolidation of party support ahead of the election. Obasanjo, daughter of former President Olusegun Obasanjo, announced her decision in a statement on Monday, citing the […] read more Iyabo Obasanjo Steps Down as APC Picks Adeola as Ogun Consensus Candidate

Global economic stability faces renewed strain as the International Monetary Fund (IMF), World Bank Group, and International Energy Agency have warned that the economic and energy disruptions triggered by the war in the Middle East are likely to persist, with spillovers expected to hit energy-importing countries hardest and keep global prices elevated for an extended […] read more IMF, World Bank, IEA warn of prolonged global fallout as Middle East conflict drives energy shock

The Shipping Correspondents Association of Nigeria has warned that delays in renewing Nigeria’s port concession agreements are creating uncertainty in the maritime sector, with risks to investment, operations and government revenue. The concessions, largely signed in 2006 following port reforms implemented by the Nigerian Ports Authority, have begun to expire after running for between 10 […] read more Delay in port concession renewals raises investor, revenue concerns

“The government in office should protect opposition. In fact, they should make opposition stronger, make it work,” he said... read more Tinubu should protect, make opposition stronger – Peter Obi

Nigeria’s shipping regulator and revenue service called on terminal operators to waive demurrage and storage charges for importers caught in delays since the National Single Window (NSW) went live on March 27. The request came as stakeholders gathered at the Nigeria Shippers’ Council (NSC) headquarters to assess the digital platform’s troubled rollout. Zach Adedeji, chairman […] read more Regulators seek waivers for importers as Single Window causes early trouble

UPDC Plc has announced plans to seek shareholders’ approval to raise a N100 billion real estate fund at its upcoming annual general meeting. The company disclosed this in its notice of annual general meeting, stating that the meeting will be held on Thursday, May 7, 2026, at 10 am to transact both ordinary and special […] read more UPDC to seek shareholders’ approval to raise N100bn real estate fund

Nigeria’s crude oil production rose to 1.38 million barrels per day in March, a 5.25 per cent increase from the 1.31 million barrels per day recorded in February, according to the Organisation of Petroleum Exporting Countries’ monthly oil market report. The figures, drawn from direct communication with Nigerian authorities, show output is recovering but still […] read more Nigeria’s crude oil output rises to 1.38 million bpd in March – OPEC

The Nigerian Electricity Regulatory Commission has issued new mini-grid regulations for 2026, establishing a framework to guide the development, operation, and regulation of mini-grid systems across Nigeria, with a focus on expanding electricity access in communities that remain unserved or underserved by the national grid. The regulations, announced on Monday, are designed to ensure safety, […] read more NERC issues mini-grid regulations, mandates permits for operators of systems above 100kW

Morocco’s national office of hydrocarbons and mines has said an intergovernmental agreement on the planned $25 billion Nigeria-Morocco gas pipeline will be signed this year, marking a significant step forward for one of Africa’s most ambitious energy infrastructure projects. Amina Benkhadra, head of ONHYM, told Reuters on Monday that following the signing, a pipeline authority […] read more Nigeria, Morocco to sign $25bn gas pipeline agreement in 2026, create joint venture to lead execution

There is a question that has been sitting with me for some time now. Are we building things that last… or just things that move? On the surface, there is no shortage of activity across the continent. Capital is flowing again. Startups are rebounding. Governments are engaging. New partnerships are being announced at a pace. […] read more Rethinking what progress really means in Africa’s development moment

In the ever-evolving landscape of Nigeria’s economy, the Nigeria Revenue Service (NRS) and other state internal revenue agencies are increasingly leaning on data and transparency to ensure compliance and fairness. As we navigate the frameworks laid out by progressive legislation like the Nigeria Tax Administration Act (NTAA) 2025, a powerful mechanism for upholding financial integrity […] read more Your tip, Nigeria’s treasure: How whistleblowing fights tax evasion and rewards you

There is a quiet desperation spreading across Nigeria, one that statistics cannot fully capture. It lives in the markets where mothers bargain endlessly over shrinking portions of food; in the homes where fathers silently skip meals so their children can eat; and in the weary faces of young Nigerians who, despite their education and resilience, […] read more Nigeria: fixing the basics is not rocket science

Something fundamental is slipping away in Nigeria — not loudly, not dramatically, but steadily. It is not just trust. It is not just confidence. It has meaning. Politics in Nigeria is gradually losing its meaning. There was a time, however imperfect, when political alignment suggested something deeper: a direction, a belief, a sense of what […] read more The quiet collapse of political ideology in Nigeria

Click to read on our premium site read more BusinessDay 14th Apr 2026

There is a powerful idea captured in the biblical expression that new wine should not be poured into old wineskins. If it is, the wineskins burst, and both are lost. The same is true in organisations. Many companies develop new strategies, launch transformation programmes, and pursue bold ambitions, yet expect the existing organisation with its […] read more New wine in old wineskins

Wealthy Nigerians are now the primary focus of a data-intensive monitoring system designed to shore up public revenue. The taxman is no longer taking declarations at face value; instead, authorities are leveraging digital footprints, luxury purchases and lifestyle audits, tracking everything from bank transfers to high-end purchases, to smoke out underreported income. “One of the […] read more Nigeria turns wealthy lifestyle habits into tax funnel

…Hits N1.9 trillion in 2025 The federal government is facing mounting fiscal pressure after electricity tariff subsidies surged nearly threefold in two years, from N610 billion in 2023 to N1.92 trillion in 2025, as the gap between the true cost of power and what consumers actually pay continues to widen at an alarming pace. Quarterly […] read more FG faces fiscal pressure as electricity subsidy jumps threefold

Dangote Petroleum Refinery & Petrochemicals, one of the continent’s largest oil producer exported 44,000 barrels per day of gasoline in March 2026, crossing a historic threshold in the global energy market. This milestone positions the refinery as a net exporter of gasoline for the first time with a surplus of approximately 3,000 b/d during the […] read more Dangote Refinery ramps up oil exports in March

Observers say the decision of the African Democratic Congress (ADC) to proceed with its national convention despite the Independent National Electoral Commission (INEC) refusal to recognise the David Mark leadership sets the stage for a deepening internal crisis that could weaken the party ahead of the 2027 general election. This move could significantly impair the […] read more ADC convention move carries high stakes for 2027 elections

At least 11 more top companies in Nigeria have abandoned the national grid to generate their own power, as the electricity crisis in Africa’s most populous nation continues to bite into production costs and inflate energy bills, new regulatory data shows. Recent data from the Nigerian Electricity Regulatory Commission (NERC) reveals that the decision to […] read more NRS, 10 others join corporate exodus from national grid

BY SUNDAY SAMUEL—Troops of Sector 3, Joint Task Force (North East), Operation HADIN KAI (OPHK), came under attack by terrorists in the late hours of 12 April 2026 at Charlie 13 location in Monguno, Borno State. According to a statement released via it official X account by Lieutenant Colonel Sani Uba, the troops engaged the […] The post Operation HADIN KAI Commander, Six Soldiers Killed in Boko Haram Ambush in Monguno appeared first on Business Today NG.

BY  TONIA MADU—The Federal Government on Monday slashed import duties on several essential goods, including mass transit buses, electric vehicles, and industrial machinery, in a move aimed at easing inflationary pressures and reducing the burden of rising energy and global economic challenges. The decision follows a directive from President Bola Ahmed Tinubu instructing economic managers […] The post FG Slashes Import Duties on EVs, Buses, Machinery to Ease Inflation appeared first on Business Today NG.

BY SUNDAY SAMUEL—-The Executive Chairman of the Economic and Financial Crimes Commission, EFCC,  Mr. Ola Olukoyede, has cautioned Nigerian banks against granting loans without credible collateral, warning that such practices often lead to insider abuse and non-performing loans. Olukoyede issued the warning recently when he received the Chief Audit Executive of First Bank Plc, Mufutau […] The post EFCC Cautions Banks Over Unsecured Loans, Insider Abuse Risks appeared first on Business Today NG.

Access Bank Plc has been named Nigeria’s Most Valuable Brand for the fifth consecutive year by Brand Finance, reinforcing its leadership position in the country’s financial services sector. Brand Finance announced this in its Nigeria 25 2026 report, which ranks the country’s strongest brands based on brand value, brand strength, and underlying business performance. According […] The post Access Bank Retains Position as Nigeria’s Most Valuable Brand for Fifth Consecutive Year appeared first on Business Today NG.

…as Pan Atlantic University holds 22nd inaugural lecture In an environment defined by weak institutions and market inefficiencies, Nkemdilim Iheanachor, professor of strategic management at Pan-Atlantic University, argues that African firms can gain an edge by deliberately building strategies that exploit, rather than avoid institutional gaps. Iheanachor made the call while delivering Pan-Atlantic University’s (PAU) […] read more Iheanachor urges African businesses to build scalling strategy

Diezani Alison-Madueke, former Minister of Petroleum Resources, ,on Monday  denied allegations of bribery and abuse of office while testifying before a United Kingdom court. She insisted that she neither solicited nor received illicit payments during her time in office. Appearing at Southwark Crown Court, the 65-year-old told the court that she acted with integrity in […] read more Alison-Madueke denies bribery allegations at UK court trial

…targets import cuts SAM Pharmaceutical Limited has opened a new high-capacity manufacturing plant in southwestern Nigeria, aiming to expand local drug production and reduce the country’s reliance on imports. The facility, located in Ota, Ogun State, was inaugurated last week as the company marked its 55th anniversary, drawing senior government officials, regulators and industry leaders. […] read more SAM Pharma boosts local drug output with cGMP plant

….says ADC going ahead with convention Peter Obi, the former presidential candidate of the Labour Party (LP) in the 2023 general election, and presidential aspirant on the platform of the African Democratic Congress (ADC) ahead of the 2027 election, says he will declare a war against insecurity in Nigeria, particularly in the north. Obi also […] read more I’ll declare war against insecurity if voted president – Obi

About 3,250 athletes from over 250 secondary schools and 325 athletics clubs are set to compete in the Ibadan leg of the 2026 Season 4 MTN Champs, as MTN Nigeria reaffirmed its commitment to youth and sports development. MTN Nigeria, in partnership with Making of Champions (MoC), launched the MTN Champs initiative to revive grassroots […] read more 3,250 athletes set for MTN Champs Ibadan finale