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Business
ICPC Denies Reports That Nasir El-Rufai Suffered Nosebleed in Custody
BY SUNDAY SAMUEL —The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has dismissed claims that former Nasir El-Rufai experienced a nosebleed while in its custody. ICPC spokesperson Okor Odey described the reports as false, confirming that El-Rufai remains in stable condition as investigations into allegations of financial misconduct during his tenure as governor […] The post ICPC Denies Reports That Nasir El-Rufai Suffered Nosebleed in Custody appeared first on Business Today NG.
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NRC Ex-Finance Director, Procurement, Mechanical Heads Arraigned for Corruption
BY SUNDAY SAMUEL—The Economic and Financial Crimes Commission, EFCC, on Wednesday, arraigned three senior officials of the Nigerian Railway Corporation, NRC, before Lagos State High Court sitting in Ikeja over alleged fraud and money laundering offences. The defendants are: Felix Njoku, a former Director of Finance of the Nigerian Railway Corporation; Benjamin Chinwuba Iloanusi, presently […] The post NRC Ex-Finance Director, Procurement, Mechanical Heads Arraigned for Corruption appeared first on Business Today NG.
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Fuel Imports Set to End as Dangote Refinery Ramps Up Local Supply
Nigeria’s decades-long dependence on imported petrol is set to wind down as the Dangote Petroleum Refinery & Petrochemicals scales up production to meet and exceed domestic demand. The refinery has committed to supplying between 60 and 65 million litres of Premium Motor Spirit (PMS) daily for local consumption, while exporting up to 20 million litres […] The post Fuel Imports Set to End as Dangote Refinery Ramps Up Local Supply appeared first on Business Today NG.
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FG Slams Fresh Forgery Case on Ozekhome
BY SUNDAY SAMUEL—The Federal Government has instituted fresh charges against prominent legal practitioner Mike Ozekhome, SAN, and Ponfa Useni before the High Court of the Federal Capital Territory. In the new filing, the defendants are facing a 12-count charge bordering on alleged forgery. The government claims that in 2020, the defendants conspired to procure a […] The post FG Slams Fresh Forgery Case on Ozekhome appeared first on Business Today NG.
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Sixth Suspect in Owo Catholic Church Killings Apprehended in Edo
BY SUNDAY SAMUEL—Operatives of the Department of State Services (DSS) have arrested a key figure of the Islamic State West Africa Province (ISWAP) allegedly linked to the 2022 attack on St. Francis Catholic Church in Owo, as well as the military barracks assault in Suleja. The suspect, who had reportedly been on the run for […] The post Sixth Suspect in Owo Catholic Church Killings Apprehended in Edo appeared first on Business Today NG.
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AFC, Ecobank, Soto Gallery Partner for 2026 +234 Art Fair in Lagos
Africa Finance Corporation (AFC), the leading infrastructure solutions provider in Africa, today announced its partnership with Ecobank Nigeria and Soto Gallery for the third consecutive year, to host the +234 Art Fair, a four-day international exhibition, spotlighting Nigeria’s fast-growing creative economy and the dynamism of contemporary African art. The 2026 edition, themed “Inclusivity,” will take […] The post AFC, Ecobank, Soto Gallery Partner for 2026 +234 Art Fair in Lagos appeared first on Business Today NG.
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Sanwo-Olu Expresses Confidence in Disu’s Leadership as Acting Police Chief
The Governor of Lagos State, Mr. Babajide Sanwo-Olu, has congratulated Mr. Olatunji Disu on his appointment as the acting Inspector-General of Police by President Bola Tinubu. He said the elevation of Disu to the position of acting Inspector General of Police is well deserved considering his high level professionalism, competence and contribution to the Nigerian […] The post Sanwo-Olu Expresses Confidence in Disu’s Leadership as Acting Police Chief appeared first on Business Today NG.
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AIICO Celebrates Excellence, Rewards Billion-Naira Performers in Abeokuta
NKECHI NAECHE-ESEZOBOR—AIICO Insurance Plc brought together its top-performing financial advisors in Abeokuta, Ogun State, for its 2026 Annual Agency Retreat, celebrating outstanding sales achievements and reinforcing its commitment to professionalism and growth in Nigeria’s insurance industry. The highlight of the gathering was the Awards Night, where exceptional performers were honoured for delivering billion-naira gross written […] The post AIICO Celebrates Excellence, Rewards Billion-Naira Performers in Abeokuta appeared first on Business Today NG.
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Nigeria’s Central Bank Lowers Rate, Foreign Reserves Surge to $50bn
BY NKECHI NAECHE-ESEZOBOR—Nigeria’s Central Bank of Nigeria has reduced its key interest rate to 26.5 percent, citing easing inflation and stronger banking sector performance. Governor Olayemi Cardoso highlighted that foreign reserves have reached a 13-year high of $50 billion, providing a significant boost to the economy. However, the CBN warned that unchecked pre-election spending could […] The post Nigeria’s Central Bank Lowers Rate, Foreign Reserves Surge to $50bn appeared first on Business Today NG.
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High Court Clears Ozekhome of London Property Forgery Allegations
The High Court of the Federal Capital Territory has struck out the forgery charge brought against Prof. Mike Ozekhome, SAN, in connection with a London property dispute involving the late former FCT Minister, General Jeremiah Useni. Justice Peter Kekemeke gave the order following the withdrawal of the charge by the federal government. The prosecution, represented […] The post High Court Clears Ozekhome of London Property Forgery Allegations appeared first on Business Today NG.
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FG Denies Paying Ransom for St. Mary’s Schoolchildren Abduction
The Federal Government of Nigeria  on Tuesday   dismissed as false and baseless claims that it paid a ransom to secure the release of schoolchildren abducted from St. Mary’s Boarding School in Niger State. In a statement, the Minister of Information and National Orientation, Mohammed Idris, emphasized that no ransom was paid and no militant […] The post FG Denies Paying Ransom for St. Mary’s Schoolchildren Abduction appeared first on Business Today NG.
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MPC Reduces MPR by 50bps to 26.50%
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) at today’s policy meeting, voted to: Reduce the MPR by 50bps to 26.50% (Previous: 27.00%) Retain the asymmetric corridor around the MPR at +50bps/-450bps Retain the CRR for Deposit Money Banks at 45.0%, and  Merchant Banks at 16.0% Retain the 75.0% CRR on non-Treasury Single Account (TSA) public sector deposits Retain liquidity […] The post MPC Reduces MPR by 50bps to 26.50% appeared first on Business Today NG.
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IGP Kayode Egbetokun Resigns; AIG Tunji Disu Appointed Acting Police Chief
BY SUNDAY SAMUEL—The Inspector-General of Police, Kayode Egbetokun, has resigned his position, citing pressing family considerations. President Ahmed Tinubu has accepted the resignation and expressed appreciation for Egbetokun’s decades of distinguished service and dedication to strengthening Nigeria’s internal security architecture. In line with the Police Act 2020, the President has appointed Assistant Inspector-General of Police […] The post IGP Kayode Egbetokun Resigns; AIG Tunji Disu Appointed Acting Police Chief appeared first on Business Today NG.
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FG Denies Religious Persecution, Responds to U.S. Congressional Report
The Federal Government of Nigeria on Wednesday responded to a joint report on Christian persecution in the country submitted to the White House by the U.S. House Foreign Affairs Committee and the House Appropriations Committee. In its statement, the government denied any state policy of religious persecution, emphasizing that ongoing violence in parts of Nigeria—including […] The post FG Denies Religious Persecution, Responds to U.S. Congressional Report appeared first on Business Today NG.
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EFCC Charges Former Railway Corporation MD with Money Laundering
BY SUNDAY SAMUEL—The Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission, EFCC). Ikoyi, Lagos, on Wednesday, arraigned a former Managing Director of the Nigerian Railway Corporation (NRC), Fidet Okhiria Edetanle, before Justice Rahman Oshodi of the Special Offences Court sitting in Ikeja, Lagos, over alleged $385,000 and ₦165,438,000.00 fraud. Edetanle was arraigned […] The post EFCC Charges Former Railway Corporation MD with Money Laundering appeared first on Business Today NG.
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Woman Bags 7-Year Jail Term Over ₦5.6m Baking Powder Scam
BY SUNDAY SAMUEL—Justice Maryam Sabo of the Kano State High Court has sentenced Ebonine Rita Uzoamaka to seven years’ imprisonment for defrauding a businessman of ₦5.6 million under the false pretence of supplying baking powder. The conviction followed her prosecution on a five-count charge bordering on dishonest misappropriation and obtaining money by false pretence, after […] The post Woman Bags 7-Year Jail Term Over ₦5.6m Baking Powder Scam appeared first on Business Today NG.
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Protecting What You Love: Sovereign Trust Brings Fire Safety to Market Community
BY NECHI NAECHE-ESEZOBOR—In a refreshing twist to Valentine’s Day celebrations, Sovereign Trust Insurance Plc chose to demonstrate love through action rather than tradition, bringing a life-saving fire safety initiative to traders at Saka Tinubu Market in Victoria Island, Lagos. Tagged “Protecting What You Love,” the initiative saw the underwriting firm partner with the Federal Fire […] The post Protecting What You Love: Sovereign Trust Brings Fire Safety to Market Community appeared first on Business Today NG.
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Cardoso: 20 Banks Meet CBN Capital Requirement as ₦4.05trn Recapitalisation Gains Momentum
BY NKECHI NAECHE-ESEZOBOR—Central Bank of Nigeria Governor, Mr. Olayemi Cardoso, has disclosed that a total of ₦4.05 trillion has been verified and approved under the ongoing banking sector recapitalisation programme, as 20 banks have fully met the new minimum capital requirements. Speaking at the 304th Monetary Policy Committee (MPC) media briefing, Cardoso said the recapitalisation […] The post Cardoso: 20 Banks Meet CBN Capital Requirement as ₦4.05trn Recapitalisation Gains Momentum appeared first on Business Today NG.
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Court Orders ICE To Release Nigerian Who Entered U.S. Illegally In 2003 From ‘Unlawful’ Deportation Detention
A United States District Court in Minnesota has ordered Immigration and Customs Enforcement (ICE) to immediately release a Nigerian immigrant, Michael Opeoluwa Egbele, from deportation detention, ruling that the government acted unlawfully by abruptly revoking his supervised release without due process. In a judgment delivered on February 18, 2026, Senior U.S. District Judge John M. […] The post Court Orders ICE To Release Nigerian Who Entered U.S. Illegally In 2003 From ‘Unlawful’ Deportation Detention appeared first on Business Today NG.
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19 More Nigerians Face US Deportation
No fewer than 19 additional Nigerians have been named on the United States government’s “worst of the worst” criminal list and are scheduled for deportation. Findings by PUNCH Metro from the website of the U.S. Department of Homeland Security on Sunday showed that the latest update has increased the total number of Nigerians slated for […] The post 19 More Nigerians Face US Deportation appeared first on Business Today NG.
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Nigerian Army Foils Deadly Ambush by Lakurawa Terrorists in Kebbi
The Nigerian Army has successfully foiled a deadly ambush by the suspected Lakurawa Terrorist Group (LTG) near Mayama Hill in Kebbi State. The ambush targeted the convoy of the General Officer Commanding (GOC) 8 Division and Commander Sector 2 of the Joint Task Force North West Operation FANSAN YAMMA, Major General Bemgha Koughna, as he […] The post Nigerian Army Foils Deadly Ambush by Lakurawa Terrorists in Kebbi appeared first on Business Today NG.
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FG Approves ₦2.8 Trillion Subsidy Debt to Power Generation Companies
President Bola Ahmed Tinubu has approved ₦2.8 trillion as the Federal Government’s verified electricity subsidy debt owed to power generation companies (GenCos), following a comprehensive tripartite audit of outstanding claims. The approval comes after GenCos initially submitted claims totaling around ₦6 trillion. The audit process, which involved verification and reconciliation of submitted invoices and subsidy […] The post FG Approves ₦2.8 Trillion Subsidy Debt to Power Generation Companies appeared first on Business Today NG.
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ICPC: Ebonyi Official Made N61m Structured Withdrawals to Evade Reporting
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has arraigned an Ebonyi State government official, Obasi Nicholas Sunday, before the Federal High Court sitting in Abakaliki over alleged money laundering involving structured cash withdrawals amounting to N61 million. According to the Commission, the defendant — a staff member in the Office of the […] The post ICPC: Ebonyi Official Made N61m Structured Withdrawals to Evade Reporting appeared first on Business Today NG.
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AU inaugurates committee to drive AfCFTA implementation
The African Continental Free Trade Area (AfCFTA) has received a boost with the inauguration of the African Union (AU) Committee of Heads of State and Government on the implementation of the agreement.
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CDD lauds Mahama’s administration for exceptional macroeconomic stability
The Centre for Democratic Development (CDD-Ghana) has commended improvements in macroeconomic conditions during the first year of Mahama’s Administration, describing them as “exceptional”.
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Ghana calls for greater inclusion of women, youth in West African leadership
Vice President Professor Jane Naana Opoku-Agyemang has called for stronger inclusion of women and young people in political leadership across West Africa, stressing that their participation is critical to the region’s future development.
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Ghana, Burkina Faso sign seven agreements to deepen security, economic cooperation
Ghana and Burkina Faso have signed seven bilateral agreements aimed at strengthening security collaboration, cross-border cooperation and economic integration.
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CDM accuses gov’t of violating constitutional duty on basic education
The Centre for Democratic Movement (CDM) has accused the government of failing in its constitutional responsibility to guarantee Free, Compulsory and Universal Basic Education (FCUBE) under Article 25(1)(a).
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Seized trucks: Government bans land transit of cooking oil
Dr Cassiel Ato Forson, the Minister of Finance, has directed an immediate ban on the land transit of cooking oil, insisting that all such consignments must enter and exit Ghana only through the country’s seaports.
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U.S. Embassy warns Ghanaian travellers against visa overstays during 2026 World Cup
The United States Embassy has cautioned Ghanaian travellers planning to attend the 2026 FIFA World Cup against overstaying their visas.
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Deportation of Chagos Islanders blocked by judge
A judge has issued an order temporarily blocking the deportation of four Chagossians who travelled to the Chagos Islands to protest a deal to hand over the territory to Mauritius.
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We’re in talks with Adeleke’s family to resolve Sophia, Davido custody dispute – Dele Momodu
Dele Momodu, a popular Nigerian politician and publisher of Ovation Magazine, has disclosed that talks are ongoing with Adeleke’s family to settle the legal dispute between singer Davido and Sophia Momodu.
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Rare prison sentences handed to Cameroon soldiers after killing of 21 civilians
Three Cameroonian soldiers have been sentenced to prison for their role in the killing of at least 21 civilians in the country's troubled Anglophone region.
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CDM calls for sustainable teacher workforce planning to end ‘cyclical delays’
The Centre for Democratic Movement (CDM) has called for comprehensive institutional reform to address what it described as cyclical recruitment delays in Ghana’s education sector.
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CDM declares teacher recruitment crisis a ‘national emergency’
The Centre for Democratic Movement (CDM) has described Ghana’s escalating teacher recruitment shortfall as a “national emergency”.
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5 bodies of migrants washed ashore in east of Libya’s capital Tripoli, police officer says
At least five bodies of migrants, including two women, have been washed ashore in َQasr al-Akhyar, a coastal town in the east of Libya's capital, Tripoli, a police officer told Reuters on Saturday.
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