The Department of State Services (DSS) has arrested Faisal Abdulrasheed Maina, son of Abdulrasheed Maina, former Chairman of the defunct

NKECHI NAECHE-ESEZOBOR (BANGKOK,THAILAND)– The Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, has warned that artificial intelligence (AI) could produce growth without employment. Speaking at Nigerian Press Briefing held at the ongoing 2026 World bank Group/ IMF Annual meeting held in Bangkok, Thailand, Oyedele, called on Bretton Woods institutions to […] The post Oyedele: Nigeria Will Judge Reforms by Jobs Created, Warns AI Could Bring Jobless Growth appeared first on Business Today NG.

L-R: Favour Ihechimere, Modupe Ujadughele and Pero Giwa (all of Zenith General Insurance Limited); a student of Alimosho Junior Grammar School; Mrs Maria Ojo, Director of Schools’ Administration, Education District I; a student of State Senior College, Alimosho; Dolapo Talabi of Zenith General Insurance Limited; Ozioma Okenyeka, School Counsellor, Alimosho Senior Grammar School; Promise Okonkwo, […] The post Zenith General Insurance Supports Students in Six Lagos Schools with Back-to-School Supplies appeared first on Business Today NG.

Leadway Assurance Limited  has been named Insurance Company of the Year at the 14th BusinessDay Banks and Other Financial Institutions (BAFI) Awards, held at the Civic Centre, Lagos. The recognition marks the company’s third consecutive win in the category, following its victories in 2024 and 2025, reinforcing its track record of sustained performance and standing […] The post Leadway Named Insurance Company of the Year at 2026 BAFI Awards appeared first on Business Today NG.

BY NKECHI NAECHE-ESEZOBOR —emPLE celebrated International Customer Service Week 2026 by recognizingemployees and brokers and rewarding loyal retail policyholders. The event  which took place recently with theme:”The Extra Mile”, reinforced the insurer’s commitment to delivering consistent customer experiences. The week-long programme placed customers at the center of emPLE’s operations while recognising the employees who deliver its […] The post emPLE Rewards Retail Policyholders in Customer Service Week 2026 appeared first on Business Today NG.

The Minister of Power, Joseph Tegbe, has declared that the federal government has no plan to increase electricity tariffs, urging Nigerians to disregard what he described as misinformation. Speaking on Thursday at the commencement of five interconnected mini-grid projects with a combined capacity of 17.7 megawatts in Oyo State, Tegbe noted that the government’s priority […] The post FG, REA Break Ground on 17.7MW Ibadan Mini-Grid appeared first on Business Today NG.

BY NKECHI NAECHE-ESEZOBOR—Nigeria Immigration Service, (NIS), on Thursday condemned attack on two personnel of its Wawa Control Post in the Tunga Taya–Woro axis of Niger State, which led to the death of one officer and left another seriously injured. The service disclosed this in a statement posted via its official X account formerly known Twitter […] The post NIS Condemns Attack on Personnel in Niger State, Vows to Bring Perpetrators to Justice appeared first on Business Today NG.

BY NKECHI NAECHE-ESEZOBOR—(BANGKOK, THAILAND)—The International Monetary Fund (IMF) has upgraded its growth projection for Nigeria, citing improved oil prices that have boosted foreign exchange receipts, reserves and liquidity in the economy. Speaking at a press conference on the Economic Outlook for Sub-Saharan Africa at the 2026 Annual Meetings of the World Bank and IMF in […] The post IMF Raises Nigeria’s Growth Forecast to 4.2%, Urges More Non-Oil Revenue appeared first on Business Today NG.

The Oyo State Police Command has commenced an investigation into a fatal attack on a group of individuals who were welcoming Alhaji Oriyomi Hamzat back to Ibadan, an incident that resulted in the death of one person. According to the report lodged at the Police Station on 14 October 2026 by Kehinde Samuel Ibikunle, the […] The post Police Begin Probe into Fatal Attack on Group Welcoming Hamzat Back to Ibadan appeared first on Business Today NG.

The Nigerian Communications Commission (NCC), apex regular in the communications industry, has called on consumers to confirm that SIM-enabled devices are Type Approved before paying for them. Speaking recently in Abuja, Engr. Edoyemi Ogoh, Director, Technical Standards and Network Integrity, during a press briefing, on the Commission’s implementation of enhanced Type Approval Compliance. “When buying […] The post Verify Approved Devices Before Buying-Says NCC appeared first on Business Today NG.

BY NKECHI NAECHE-ESEZOBOR—The Nigerian Communications Commission (NCC) said it has commenced  implementing an enhanced Type Approval Compliance framework for SIM-enabled communications devices. This the commission said will help identify non-compliant, cloned or fake devices and stop them from connecting to Nigerian networks. Speaking in Abuja, the NCC’s director Technical Standards and Network Integrity, Engr. Edoyemi […] The post NCC Begins Enhanced Type Approval Compliance for SIM-Enabled Devices, Says It Is Not a Surveillance Tool appeared first on Business Today NG.

The National Pension Commission (PenCom) has once again alerted Nigerians to job scams on WhatsApp and email. According  to the commission, when scammers say you have 48 hours to send private documents. Some pretend to be the Director-General. Do not reply, delete the message, and do not forward it to others. Be forewarned, be forearmed. […] The post PenCom Alerts Public to Job Scams Using Fake 48-Hour Deadlines appeared first on Business Today NG.

Rex Insurance Limited celebrated its customers with a special breakfast event as part of its 2026 Customer Service Week activities, honouring a policyholder who has stayed with the company for more than five decades. The event, held today at The Wheatbaker Hotel, Ikoyi, Lagos, brought together customers, brokers and partners to appreciate their patronage and […] The post 2026 Customer Service Week: Rex Insurance Honours Customer of 51 Years, Unveils Digital Claims Push appeared first on Business Today NG.

BY NKECHI BAECHE-ESEZOBOR( BANGKOK, THAILAND)—The Central Bank of Nigeria Governor (CBN), Olayemi Cardoso said the bank’s medium-term target is single-digit inflation, despite a decline from about 34% to 35% to roughly 15%. He spoke during an investor engagement on the sidelines of the 2026 International Monetary Fund (IMF) and World Bank annual meetings in Bangkok, […] The post CBN Targets Single-Digit Inflation as Rate Falls to About 15% appeared first on Business Today NG.

Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, has announced the appointment of Mr. Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN), as Chairman of its Board of Directors. He succeeds the immediate–past Chair, Ireti Samuel-Ogbu, who served the Corporation meritoriously during her tenure and continues to serve as a board […] The post AFC Appoints CBN Governor Yemi Cardoso as Board Chairman appeared first on Business Today NG.

PRESS RELEASE—AIICO Advances Maternal Health Through Outreach Reaching 1,000 Participants AIICO Insurance Plc, in partnership with HACEY Health Initiative, has reached 1,000 participants through a two-day maternal health outreach at General Hospital, Ikorodu, Lagos State, providing essential health education, screening services and maternal care supplies to support pregnant women, nursing mothers and infants. Held in […] The post AIICO Advances Maternal Health Through Outreach Reaching 1,000 Participants appeared first on Business Today NG.

SUNDAY SAMUEL—Seplat Energy has strengthened its commitment to climate action and environmental sustainability through its Tree4Life Programme, which recently achieved a major milestone with the planting of 200,000 trees, reinforcing the company’s ambition to establish one million trees by 2030. The Tree4Life Programme is a flagship reforestation and biodiversity conservation initiative that combines environmental restoration […] The post Seplat Energy’s Tree4Life Programme Hits 200,000 Trees, Targets One Million by 2030 appeared first on Business Today NG.

BY NKECHI BAECHE-ESEZOBOR—(Bangkok, Thailand)— The International Monetary Fund (IMF) has urged governments to repair their public finances “before the cracks widen,” warning that rising borrowing costs in advanced economies are putting pressure on emerging and low-income countries. Speaking at the opening of the IMF meetings in Thailand, the Fund’s leadership said yields in advanced economies […] The post IMF Urges Governments to Fix Public Finances as Bond Yields Hit Multi-Decade Highs appeared first on Business Today NG.

NKECHI NAECHE-ESEZOBOR—(BANGKOK, Thailand) – The International Monetary Fund (IMF) has kept its 2026 global growth forecast at 3.1% and slightly raised its outlook for next year to 3.4%, even as it flags mounting risks from artificial intelligence (AI) expectations, sovereign debt stress and high food and fuel prices. The projections are in the World Economic […] The post IMF Keeps Growth Outlook at 3.1%, Raises 2027 Forecast to 3.4% Amid Rising Risks appeared first on Business Today NG.

The Oyo State Police Command has arrested three suspects in connection with a viral video showing the alleged assault of two truck drivers at Karma Agric Feeds and Foods Limited, located at Kilometer 12, Lagos-Ibadan Expressway, Ibadan. The suspects comprise two security operatives attached to the company and an Indian national. The Command’s attention was […] The post Oyo Police Arrest Three Over Viral Assault of Two Truck Drivers in Ibadan appeared first on Business Today NG.

BY NKECHI NAECHE-ESEZOBOR—The National Insurance Commission,( NAICOM), has called on operators to develop health insurance products, separate from Health Maintenance Organisation (HMO) schemes, as a way to widen insurance uptake nationwide. The  immediate past chairman, Publicity Subcommittee of the Insurers Committee, Mrs. Ebelechukwu Nwachukwu, disclosed this yesterday during a virtual press briefing on the outcome […] The post Insurers Urged to Develop Standalone Health Products as NAICOM Targets March 2027 for RBC appeared first on Business Today NG.

The National Drug Law Enforcement Agency (NDLEA) has presented the transformation of Nigeria’s drug control architecture as a practical case study of how institutions can adapt to evolving threats and deliver measurable results, at the ongoing 81st Session of the United Nations General Assembly in New York, USA. This was part of the highlights of […] The post NDLEA Showcases Nigeria’s Drug Control Transformation at UN General Assembly appeared first on Business Today NG.

BY SUNDAY SAMUEL—As part of the Command’s sustained efforts to combat cultism and other criminal activities across Lagos State, the Command has arrested four suspected cultists allegedly terrorizing the Lekki, Ajah, Elemoro axis and its environs, following credible and actionable intelligence received by operatives of the Command between 2nd and 9th October 2026. The suspects, […] The post Lagos Police Arrest 4 Suspected Cultists in Lekki-Ajah, Recover Locally Made Gun appeared first on Business Today NG.

The Inspector-General of Police, IGP Olatunji Rilwan Disu, psc(+), NPM, today, Monday, 12th October 2026, declared open the Small Arms and Light Weapons Identification and Tracing (SALW-IT) Simulation Programme in Abuja. The five-day programme, running from 12th to 16th October 2026, is designed to strengthen participants’ capacity to identify, mark, register and trace small arms, […] The post IGP: Illicit Arms Proliferation Fuelling Terrorism, Banditry, Kidnapping Across Africa appeared first on Business Today NG.

Justice M.S. Liman of the Federal High Court sitting in Abuja has dismissed a fundamental human rights suit filed by Abuja-based businesswoman, Aisha Achimugu against the Economic and Financial Crimes Commission, EFCC. In the originating suit no : FHC/ABJ/CS/466/2026, Achimugu approached the court for determination of whether the defendant,  EFCC’s   action of searching her house […] The post Court Dismisses Achimugu’s N10bn Suit Against EFCC over House Search appeared first on Business Today NG.

The Economic and Financial Crimes Commission, EFCC,  on Monday,  October 12,  2026, arraigned Aluminium Smelter Company of Nigeria, ALSCON, plc,  and its Director, Zavyalov Dmitry, before Justice O. A. Egwuatu of the Federal High Court, Abuja, for  alleged money laundering offences involving N582,430,250.00 (Five Hundred and Eighty-Two Million, Four Hundred and Thirty Thousand, Two Hundred […] The post EFCC Arraigns ALSCON, Director over N582m Money Laundering Charge appeared first on Business Today NG.

Dangote Petroleum Refinery and Petrochemicals has extended the closing date of its Initial Public Offering (IPO) to Tuesday, October 27, 2026, following approval by the Securities and Exchange Commission (SEC), to accommodate growing investor interest across Africa and facilitate wider participation in the landmark share offer. The extension comes as President/Chief Executive of Dangote Industries […] The post Dangote Refinery Extends IPO to October 27 as African Investor Demand Surges appeared first on Business Today NG.

BY NKECHI NAECHE-ESEZOBOR—The Federal Government on Monday  said it will clear the remaining legacy debts owed to power generation companies (Gencos) in 2027, as part of efforts to guarantee steady electricity for every Nigerian. The Minister of Power, Joseph Tegbe, disclosed this at the Harvard Business School Association of Nigeria (HBSAN) Energy Conference in Lagos, […] The post FG to Clear Remaining Gencos Legacy Debts in 2027, Says Tegbe appeared first on Business Today NG.

The Securities and Exchange Commission (SEC), Nigeria, has stepped up its drive to boost financial literacy, safeguard investors and widen participation in the Nigerian capital market through its Capital Market Awareness, Unclaimed Funds and Investor Education Outreach Programme, held in Lafia, Nasarawa State. The programme brought together representatives of relevant institutions, academia and other stakeholders […] The post SEC Deepens Investor Education in Nasarawa, Seeks Stronger Partnership appeared first on Business Today NG.