The Nigerian National Petroleum Company (NNPC) Limited has dismissed several top officials closely associated with Mele Kyari, former Group CEO read more NNPC sacks Mele Kyari’s allies in major restructuring

Imagine you’re an investor willing to commit between N30 million and N500 million into Nigeria’s agriculture and food sector. Nigeria read more Investors’ guide to tapping Nigeria’s planned tax credits

Nigeria has fewer than 1,000 cold trucks, far below the 25,000 needed to transport over 11 million metric tonnes of read more Nigeria’s N160bn cold chain market beckons investors

read more BusinessDay 30 Apr 2025

Seplat Energy PLC, leading Nigerian independent energy Company listed on both the Nigerian Exchange and the London Stock Exchange, has announced its audited results for the three months ended 31 March 2025. The oil giant recorded a revenue of N1.228 trillion for the period from N268.6 billion reported same quarter last year. Its gross profit […] The post Seplat Energy’s Revenue Rises To N1.228 Trillion In 2025 Q1, Declares US 4.6 Cents Dividend Per Share first appeared on Business Today NG.

To address Africa’s persistent reliance on imported refined petroleum products, which accounted for an amount of US$30billion annually in petroleum import costs due to inadequate refining, African Export-Import Bank (Afreximbank) has launched a US$3 Billion Revolving Intra-African Oil Trade Financing Programme to finance the purchase of refined petroleum products by African and Caribbean oil buyers. […] The post Afreximbank Launches $3 Billion Revolving Intra-African Oil Import Financing Programme first appeared on Business Today NG.

The National Pension Commission (PenCom), said  newspaper organisations are owing over ₦1.3 billion in unpaid pension contributions for journalists.  The Director General of PenCom, Ms. Omolola Oloworaran, disclosed this when she led delegation to the Nigerian Press Council in Abuja. She expressed concerns over widespread non-compliance with the Pension Reform Act 2014 (PRA 2014) among […] The post PenCom To Recover N1.3bn Unpaid Pension Contributions For Journalists first appeared on Business Today NG.

  In its latest 2025 National Trade Estimate Report on Foreign Trade Barriers, the Office of the United States Trade Representative said corruption and lack of transparency in tender processes are of great concern to U.S. companies. “U.S. firms experience difficulties in day-to-day operations as a result of inappropriate demands from officials for ‘facilitative’ payments. […] The post Corruption Remains Substantial Barrier To Trade, Investment In Nigeria — US first appeared on Business Today NG.

The Lagos State Police Command has recorded a significant breakthrough in the investigation of a recent homicide case reported at Oko-Oba Division. On 29th March 2025, the Command received a report of the murder of an unidentified man at a service apartment in the Abule Egba area. Preliminary investigations revealed that on 27th March 2025, […] The post Police Apprehends Female Suspect For Adebayo’s Murder In Abule Egba, Recovers Vehicle first appeared on Business Today NG.

The Nigeria Deposit Insurance Corporation, NDIC, has commenced payment of N46.6 billion in liquidation dividends to depositors of the defunct Heritage Bank. According to statement issued on Sunday by Hawwau Gambo, Acting Head, Communication and Public Affairs, that  the funds were realised from sales of the bank’s assets and recovery of debts owed. She noted […] The post NDIC Begins Payment To Heritage Bank Depositors first appeared on Business Today NG.

BY OUR REPORTERS—Unitrust Insurance Company Limited has sponsored the 2025 Oyo State International Trade Fair held at EXPOYO, the Permanent International Trade Fair Complex in Ibadan. This year’s event, themed “Driving Innovation and Sustainable Growth through Strategic Partnerships,” brought together a vibrant mix of local and international businesses, entrepreneurs, associations, investors, and business and political  […] The post Unitrust Insurance Sponsors 2025 Oyo State Int’l Trade Fair first appeared on Business Today NG.

Lafarge Africa Plc, has announced a remarkable revenue  growth of N696.76 billion for the 2024 financial year from N405.50 billion recorded in 2023, representing  72% increase. Operating profit grew by 89% from N102 billion in 2023 to N193 billion in 2024 while Profit after tax surged to N100billion from N51billion, representing an increase of 96% […] The post Lafarge Africa Grows Revenue By 72% To N696.76bn FY 24 first appeared on Business Today NG.

Central Bank of Nigeria, CBN, has assured Nigerians that the various reforms it has introduced is gradually yielding positive results. Governor of the bank, Olayemi Cardoso, disclosed this during a joint press conference with the Hon. Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, at the sideline of just concluded World […] The post Nigeria Reforms Delivering Results, Says Cardoso, Edun first appeared on Business Today NG.

BY NKECHI NAECHE- ESEZOBOR- Operatives of National Drug Law Enforcement Agency (NDLEA), have intercepted shipment of 46 wraps of cocaine weighing 547grams hidden in body cream going to the Middle East country. This was barely a week after NDLEA officers of the Directorate of Operations and General Investigation (DOGI) uncovered 20 parcels of cocaine concealed […] The post NDLEA Intercept Cocaine In Body Cream, Arrests 3 Ghanaian Ladies For Boarder Trafficking first appeared on Business Today NG.

An 80-room new hotel in Victoria Island Lagos used as cover for distributing illicit substances has been raided by operatives of the National Drug Law Enforcement Agency (NDLEA). The operatives hotel  recovered 589 bags of Canadian Loud, a strong strain of cannabis with a total weight of 417.3 kilograms ₦1,042,500,000 only in street value. At […] The post NDLEA Raids Lagos Hotel, Recovers N1.042billion illicit Drug Consignments first appeared on Business Today NG.

عواصم- بزنس ريبورت الإخباري|| أظهر تقرير صادر عن شركة كامكو إنفست أن البنوك الخليجية حققت إيرادات قياسية بلغت 34.5 مليار دولار خلال الربع الرابع من عام 2024، بدعم من ارتفاع صافي إيرادات الفوائد والعائدات غير المرتبطة بالفوائد، رغم التراجع الطفيف في صافي الأرباح مقارنة بالربع السابق. وسجل صافي أرباح البنوك الخليجية تراجعًا بنسبة 1.8% خلال […] The post 34.5 مليار دولار إيرادات البنوك الخليجية في الربع الرابع 2024 appeared first on Business News Report.

الرياض- بزنس ريبورت الإخباري|| تستعد السعودية وجنوب أفريقيا لتوقيع اتفاقيات استثمارية جديدة بمليارات الدولارات، تعزز الحضور السعودي في أكبر اقتصاد صناعي في القارة الأفريقية، وذلك بعد عام من اللقاءات المكثفة والتحركات الدبلوماسية. وتندرج هذه التحركات ضمن استراتيجية أوسع لدول الخليج، وعلى رأسها السعودية والإمارات، لتعزيز وجودها في أفريقيا، مع التركيز على قطاعات حيوية مثل التعدين، […] The post السعودية توسع نفوذها الاقتصادي في جنوب أفريقيا appeared first on Business News Report.

أنقرة- بزنس ريبورت الإخباري|| في محاولة جديدة لتعزيز الثقة بالاقتصاد التركي، تعهّد البنك المركزي التركي بالحفاظ على سياسة نقدية مشددة تهدف إلى دعم الليرة التركية ورفع قيمتها الحقيقية، بالتوازي مع جهود خفض معدلات التضخم المتصاعدة. ووفقًا لمصادر مطلعة شاركت في اجتماعات مغلقة بين مسؤولي البنك المركزي ومديري صناديق استثمار دوليين على هامش اجتماعات الربيع لصندوق […] The post المركزي التركي يؤكد التزامه بسياسة نقدية صارمة لدعم الليرة appeared first on Business News Report.

Justice Deinde Dipeolu of the Federal High Court sitting in Ikoyi, Lagos, on Wednesday , April 23, ordered the interim forfeiture of 73 properties, including 1,596 laptop computers recovered from Chinese involved in cyber-terrorism and internet fraud. They are members of the syndicate of 792 alleged crypto currency investment and romance fraud suspects arrested on […] The post Cyber-Terrorism: Court Orders Interim Forfeiture Of 73 Properties Linked To Chinese Suspects first appeared on Business Today NG.

The 2025 Inspenonline Retirement Summit is aimed at stimulating public interest for a good and comfortable lifestyle in retirement, the organisers have said. They noted that the summit will provide practical steps that would enable people to plan and look towards retirement with great expectations. The Publisher of Inspenonline Chuks Udo Okonta, said the theme […] The post Inspenonline Summit To Stimulate Interest For Good Retirement first appeared on Business Today NG.

The National Pension Commission (PenCom) has enlisted the support of the Nigerian Electricity Regulatory Commission (NERC) to prevail on electricity Generation Companies (GENCOs) and Distribution Companies (DISCOs) to settle unpaid pension contributions for their employees. During a courtesy visit on 25 April 2025 to NERC headquarters, PenCom’s Director General, Ms. Omolola Oloworaran, led a delegation […] The post PenCom, NERC Partner To Enforce Pension Compliance By GENCOs, DISCOs first appeared on Business Today NG.

Federal High Court sitting in Ikoyi, Lagos, on Friday remanded a musician, Terry Alexander Ejeh, otherwise known as Terry Apala, in a Correctional Centre for alleged mutilation of the Naira notes. He was arraigned by the Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission, EFCC, on Friday, April 25, 2025, on a […] The post Court Remands Musician, Terry Apala For Alleged Naira Mutilation first appeared on Business Today NG.

The President and Chief Executive of the Dangote Group, Aliko Dangote, has been appointed to the World Bank’s Private Sector Investment Lab, joining a select group of global business leaders tasked with driving investment and job creation in emerging economies. In a statement confirming his acceptance, the African industrialist reaffirmed his commitment to fostering sustainable […] The post World Bank Appoints Aliko Dangote to Elite Group first appeared on Business Today NG.

With a GDP of $259b, a 25 million population, four seaports, and friendly government policies, Lagos is an investor’s delight, Governor Babajide Sanwo-Olu has said. “Lagos is a place where people come in without anything and become somebody. We are a business and commercial powerhouse,” he said on Wednesday. He spoke on “Building the Future:Lagos […] The post Sanwo-Olu Woes Investors At Harvard Business School first appeared on Business Today NG.

Leadway Pensure, has  clinched the prestigious West Africa Pension and Lifestyle Company of the Year at the 14th edition of the West Africa Innovation Awards. This year’s recognition confers the company as the undisputed service excellence laureate, being a three-time consecutive recipient of the award, having won the 2024 and 2023 editions. The Best Customer […] The post Leadway Pensure Wins 2025 West African Service Excellence Awards To Maintain Three-Year Winning Streak first appeared on Business Today NG.

Leadway Group, Nigeria’s leading non-banking financial services group, through its in-house experts from its associate companies, including Leadway Assurance, Pensure, Health, Asset Management, and Trustees, put together the capacity-building sessions as part of its broader strategy of equipping media professionals with the right tools to shape narratives and communicate insurance, pension, asset management, trustees, and […] The post Leadway Group Hosts Media Training to Elevate Financial Reporting first appeared on Business Today NG.

The Lagos State Government said the deployed Automatic Number Plate Recognition (ANPR) cameras have detected over 470,000 traffic violations. Oluwaseun Osiyemi, Commissioner for Transportation, stated this during the 2025 Ministerial Press Briefing held at the Bagauda Kaltho Press Centre, Alausa. According to him the Vehicle Inspection Service also issued over one million roadworthiness certificates while […] The post Lagos Cameras Detect 470,000 Traffic Violations first appeared on Business Today NG.

The Lagos State Commissioner for Health, Professor Akin Abayomi, has revealed that over 135,000 residents in the state are currently living with HIV, even as the government steps up efforts to improve healthcare delivery and reduce disease prevalence. He disclosed this during the 2025 Lagos State Ministerial Press Briefing held at Alausa, Ikeja, while highlighting […] The post Over 135,000 People Living With HIV In Lagos- Says Commissioner first appeared on Business Today NG.

Heirs Life Assurance, the specialist life insurance member of Heirs Insurance Group, has announced the appointment of Callista Azogu as an Independent Non-Executive Director. Callista is an accomplished business leader with over 35 years of experience spanning finance, operations, human resources, and executive leadership. She previously served as the Deputy Managing Director at Nigerian Agip […] The post Heirs Life Appoints Callista Azogu As Independent Director first appeared on Business Today NG.

Stanbic IBTC Bank, a leading financial institution committed to driving economic growth in Nigeria and beyond, has announced its strategic sponsorship of GTR West Africa 2025, the region’s premier annual gathering for trade finance, supply chain, and export financing experts. The event, which is set to take place on April 24-25, 2025, at the Eko […] The post Stanbic IBTC Bank Supports GTR West Africa 2025 To Strengthen Regional Commerce first appeared on Business Today NG.

Governor, Central Bank of Nigeria, CBN, Mr. Olayemi Cardoso and the Minister of Finance and the Coordinating Minister of the Economy, Mr. Wale Edun, have assured investors that the apex bank  is committed promoting transparency in the financial sector of the economy. Speaking at meeting at a meeting of a the Nigerian government delegation and […] The post Edun, Cardoso Highlight Benefits Of Investing In Nigeria At IMF- World Bank Spring Meetings first appeared on Business Today NG.

BY NKECHI NAECHE- ESEZOBOR ( WASHINGTON DC)–Africa economies, the World Bank and International Monetary Fund (IMF) have been advised on the need for positive impact of data on Africa’s development agenda. Senator, Bar. Jimoh Ibrahim, representing Ondo South Senatorial District and Chairman/Chief Executive Officer of Global Fleet Group, gave this advise at the sidelines of […] The post Sen. Jimoh Ibrahim Calls For Effective Data Usage For Africa’s Development first appeared on Business Today NG.

BY NKECHI NAECHE-ESEZOBOR—The Nigeria Labour Congress (NLC) on Wednesday condemned the outrageous statement credited to the Honourable Minister of Power, Adebayo Adelabu, claiming that 150 million Nigerians now enjoy “adequate electricity” with 5,500MW. The Congress in a statement released on Wednesday said  the wild assertion is not only pretentious, it is a bad joke on […] The post Your Claim On “Adequate Electricity” In Nigeria Is Outrageous- NLC Tells Adelabu first appeared on Business Today NG.

NKECHI NAECHE-ESEZOBO-(WASHINGTON DC)-Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun is spearheading the country’s delegation to the 2025 IMF-World Bank Spring Meetings in Washington, D.C., where he will drive discussions on economic reform, international partnership, and financial sustainability. The Honourable Minister’s schedule for the week underscores Nigeria’s strategic push for […] The post Wale Edun Champions Nigeria’s Economic Reform Agenda At IMF-World Bank Spring Meetings first appeared on Business Today NG.

Washington, DC—Buoyed by last year’s successful Africa Investment Forum’s Market Days that generated $29.2 billion of investment interest, its nine founding partners are bracing for an even bigger and better event later this year. The 2024 Africa Investment Forum Market Days attracted more than 2,300 investors and participants from 83 countries around the world, more […] The post Africa Investment Forum Builds $225B Momentum In Making Continent Bankable first appeared on Business Today NG.

الدوحة- بزنس ريبورت الإخباري|| أعلنت شركة الخليج للمخازن (جي دبليو سي) القطرية، إحدى الشركات الرائدة في مجال الخدمات اللوجستية في منطقة الشرق الأوسط وشمال إفريقيا، عن نتائجها المالية للربع الأول من عام 2025. وسجلت (جـي دبليـو سي) إيرادات إجمالية بلغت 367.65 مليون ريال قطري، وصافي ربح قدره 37.69 مليون ريال، بارتفاع نسبته 54% مقارنة بالربع […] The post “جي دبليو سي” القطرية تحقق أرباحًا فصلية بـ38 مليون ريال appeared first on Business News Report.