Generated by All in One SEO v4.9.2, this is an llms.txt file, used by LLMs to index the site. # Business Today NG The Hub of News Reporting ## Sitemaps - [XML Sitemap](https://businesstodayng.com/sitemap.xml): Contains all public & indexable URLs for this website. ## Posts - [FG Moves to Revive Abandoned Government Press, End Years of Waste](https://businesstodayng.com/fg-moves-to-revive-abandoned-government-press-end-years-of-waste/) - The Federal Government will take decisive steps to halt years of waste and neglect following an inspection of the long-abandoned Government Printer facility in Abuja by the Honourable Minister of Information and National Orientation, Mohammed Idris, on Thursday. During the visit, the Minister expressed deep concern over the state of the facility, describing the abandonment - [Burkina Faso Frees Detained Nigerian Air Force Aircraft, 11 Personnel After Talks](https://businesstodayng.com/burkina-faso-frees-detained-nigerian-air-force-aircraft-11-personnel-after-talks/) - Burkina Faso has released a Nigerian Air Force C-130 aircraft and its 11 crew members following diplomatic engagements between both countries. A Nigerian delegation led by the Minister of Foreign Affairs, Ambassador Yusuf Maitama Tuggar, met with Burkina Faso’s military leader, Captain Ibrahim Traoré, to resolve the matter after the aircraft and its personnel were - [Tragedy in Abakaliki as Assistant Commissioner of Police Slumps, Dies](https://businesstodayng.com/tragedy-in-abakaliki-as-assistant-commissioner-of-police-slumps-dies/) - The police community in Ebonyi State has been thrown into mourning following the sudden death of an Assistant Commissioner of Police (ACP), Ogbon-Inu Taiwo Popoola, who reportedly slumped and died in Abakaliki. The deceased an officer in charge of the State Intelligence Department (SID), reportedly slumped during a management meeting at the Command Headquarters Abakaliki, - [Court Dismisses Malami’s Quest for Bail from EFCC Custody](https://businesstodayng.com/court-dismisses-malamis-quest-for-bail-from-efcc-custody/) - Justice Babangida Hassan of the Federal Capital Territory, FCT, High Court, Abuja has dismissed summons for bail filed by former Attorney-General and Minister of Justice, Abubakar Salami, SAN, against the Economic and Financial Crimes Commission, EFCC. He gave the ruling on Thursday, December 18, 2025. Malami, through his counsel, Dr. Suliaman Hassan, SAN, had approached - [Ahmed Musa Bows Out After 15 Years of National Service](https://businesstodayng.com/ahmed-musa-bows-out-after-15-years-of-national-service/) - Ahmed Musa, Nigeria’s Former Super Eagles captain, has announced his retirement from international football. According to statement shared on his official X handle today Musa said that the decision to end his 15-year career at the national team came “after a lot of thought.”After a lot of thought, I have decided to retire from international - [Pension Reforms Yield Results As PCC Issuance Jumps To ₦233bn In Q3](https://businesstodayng.com/pension-reforms-yield-results-as-pcc-issuance-jumps-to-₦233bn-in-q3/) - BY NKECHI NAECHE—ESEZOBOR—The National Pension Commission (PenCom) has reported a significant surge in the issuance of Pension Clearance Certificates (PCCs), recording about ₦233 billion in the third quarter of 2025—far above the average of previous quarters. Director General of PenCom, Ms. Omolola Oloworaran, disclosed this on Thursday at the 2025 PenCom Media Conference in Lagos. - [Nigerian Copyright destroys pirated books worth N141.5m in Oyo](https://businesstodayng.com/nigerian-copyright-destroys-pirated-books-worth-n141-5m-in-oyo/) - The Nigerian Copyright Commission (NCC) on Tuesday destroyed pirated books valued at N141.5 million seized from booksellers and suppliers during various enforcement operations. The NCC Oyo State Coordinator, Mrs Oluropo Oke, supervised the destruction in Ibadan on behalf of NCC Director‑General, Dr John Asein He said the pirated books were seized over the past three - [CBN, NCC To Launch Universal Short Code For Banking Complaints](https://businesstodayng.com/cbn-ncc-to-launch-universal-short-code-for-banking-complaints/) - The Central Bank of Nigeria (CBN), in collaboration with the Nigerian Communications Commission (NCC), has announced plans to introduce a universal short code designed to simplify and speed up the resolution of banking complaints nationwide. The initiative is aimed at providing bank customers with a more accessible complaint-handling channel, regardless of their access to smartphones - [Our Meeting With Tinubu Focused On Financial Security of Nigerian Workers-NLC President](https://businesstodayng.com/our-meeting-with-tinubu-focused-on-financial-security-of-nigerian-workers-nlc-president/) - The President of the Nigeria Labour Congress (NLC), Mr. Joe Ajaero, has revealed that organised labour’s meeting with President Bola Tinubu on Tuesday night focused on addressing the financial insecurity of Nigerian workers. Ajaero made the disclosure following a meeting convened on Wednesday in Abuja by Governor Hope Uzodimma of Imo State with the NLC - [Guinea Insurance Shareholders Approve ₦15bn Capital Raise, Increase Share Capital to ₦19bn](https://businesstodayng.com/guinea-insurance-shareholders-approve-₦15bn-capital-raise-increase-share-capital-to-₦19bn/) - BY NKECHI NAECHE-ESEZOBOR—Ahead of July, 2026 recapitalization deadline, shareholders of Guinea Insurance Plc have approved an increase in the company’s minimum issued share capital from ₦4 billion to ₦19 billion, expanding the number of ordinary shares from 8 billion to 38 billion shares of 50 kobo each. The company in a notice to Nigerian Exchange, - [US Tightens Visa Rules, Adds Five Countries To Full Travel Ban](https://businesstodayng.com/us-tightens-visa-rules-adds-five-countries-to-full-travel-ban/) - United States (U.S.) President Donald Trump has signed a fresh proclamation expanding entry restrictions into the country for nationals of countries identified as high risk to U.S. national security and public safety. This is contained in a White House fact sheet made available by the U.S. Embassy in Abuja on Wednesday. It is titled: ‘President - [Ododo Clarifies Security Proclamation: No State of Emergency Declared in Kogi](https://businesstodayng.com/ododo-clarifies-security-proclamation-no-state-of-emergency-declared-in-kogi/) - Kogi State Governor, Alhaji Ahmed Usman Ododo has clarified that his recent Executive Proclamation on security protocols in the state is not a declaration of a state of emergency but a set of necessary measures to enhance the security architecture to crackdown on criminals in all parts of the state. This was contained in a - [Breaking Farouk Ahmed, NMDPRA CEO Resigns](https://businesstodayng.com/breaking-farouk-ahmed-nmdpra-ceo-resigns/) - The Chief Executive Officer (CEO) of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed, has resigned from his appointment. According to a statement on Wednesday by Bayo Onanuga, special adviser to the president on information and strategy, that Gbenga Komolafe, the CEO of the Nigeria Upstream Petroleum Regulatory Commission (NUPRC), also resigned - [EFCC Arrests Herbalists With $3.4million, €280, 000 Counterfeit Notes In Osun, Lagos](https://businesstodayng.com/efcc-arrests-herbalists-with-3-4million-e280-000-counterfeit-notes-in-osun-lagos/) - Operatives of the Ibadan Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, have uncovered huge counterfeit foreign notes to the tune of $3, 430, 000 (Three Million, Four Hundred and Thirty Thousand United States Dollars) and €280, 000 (Two Hundred and Eighty Thousand Euros) in possession of a five-member syndicate arrested for allegedly - [Cardoso Promotes Nigeria’s Reform Agenda To U.S. Business Leaders, Investors](https://businesstodayng.com/cardoso-promotes-nigerias-reform-agenda-to-u-s-business-leaders-investors/) - BY NIECHI NAECHE-ESEZOBOR—The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has engaged U.S. business leaders and institutional investors in Washington, D.C., promoting Nigeria’s ongoing economic reform agenda and reaffirming the country’s commitment to macroeconomic stability, transparent markets, and predictable policy frameworks. Against a backdrop of heightened global economic uncertainty, Governor Cardoso - [Seplat Energy Appoints Mohammed, Ettah As Independent Non-Executive Directors](https://businesstodayng.com/seplat-energy-appoints-mohammed-ettah-as-independent-non-executive-directors/) - The Board of Seplat Energy today announces the appointment of Engineer Saidu Aliyu Mohammed and Mr. Larry Ephraim Ettah as Independent Non-Executive Directors of the Company with effect from 1 January 2026. Following the resignation of Mr. Bello Rabiu and Mr. Babs Omotowa from the Board in April 2025 due to their appointments to the - [Valmongd Nigeria Limited Strengthens Stake In Cornerstone Insurance With ₦5.05bn Share Deal](https://businesstodayng.com/valmongd-nigeria-limited-strengthens-stake-in-cornerstone-insurance-with-₦5-05bn-share-deal/) - BY NKECHI NAECHE-ESEZOBOR—Valmongd Nigeria Limited has increased its stake in Cornerstone Insurance Plc following a significant acquisition of the company’s ordinary shares. According to notice to the Nigerian Exchange Limited and to its investing public, the shareholder disclosed the purchase of 1,815,634,126 ordinary shares in Cornerstone Insurance Plc at a price of ₦5.05 per share. - [EFCC Probes Austrian National Over Undeclared $800,575 and €651,505 At Lagos Airport](https://businesstodayng.com/efcc-probes-austrian-national-over-undeclared-800575-and-e651505-at-lagos-airport/) - Operatives of the Lagos Zonal Directorate 2 of the Economic and Financial Crimes Commission, EFCC, on Wednesday said it have commenced investigation of one Kavlak Onal, an Austrian national, who was arrested by operatives of the Nigeria Customs Service, NCS, on his way to Dubai via Emirates Airline. He was arrested on Tuesday, December 16, - [BOI, NHIA Partner To Provide Universal Health Coverage For Nigerian Businesses](https://businesstodayng.com/boi-nhia-partner-to-provide-universal-health-coverage-for-nigerian-businesses/) - BY NKECHI NAECHE-ESEZOBOR—The Bank of Industry (BOI) and the National Health Insurance Authority (NHIA) have entered into a strategic partnership aimed at expanding health insurance coverage among Nigerian businesses, particularly Micro, Small and Medium Enterprises (MSMEs), cooperatives and individual entrepreneurs. The partnership was formalised through the signing of a Memorandum of Understanding (MoU), which seeks - [ISAN Calls For Fair and Effective Implementation Of ISA 2025 To Boost Capital Market](https://businesstodayng.com/isan-calls-for-fair-and-effective-implementation-of-isa-2025-to-boost-capital-market/) - President of the Independent Shareholders Association of Nigeria (ISAN), Moses Igbrude, has emphasised the need for efficient and impartial implementation of the Investments and Securities Act (ISA) 2025 to drive sustainable growth in the nation’s capital market. Speaking at the 2025 yearly conference of the Capital Market Correspondents Association of Nigeria (CAMCAN) held in Lagos, - [NDLEA Secures Court Order To Detain Ship, Captain, 20 Crew Members After 25.5kg Cocaine Seizure](https://businesstodayng.com/ndlea-secures-court-order-to-detain-ship-captain-20-crew-members-after-25-5kg-cocaine-seizure/) - BY SUNDAY SAMUEL—The National Drug Law Enforcement Agency (NDLEA) has secured an order of a Federal High Court in Lagos to detain a ship, its captain and 20 other crew members following the seizure of 25.5 kilograms of cocaine in the hatch of the commodity vessel from Brazil at the Apapa seaport in Lagos by - [Tinubu’s Youth Empowerment Programmes are for all Nigerians, not Political Interests - Idris](https://businesstodayng.com/tinubus-youth-empowerment-programmes-are-for-all-nigerians-not-political-interests-idris/) - BY KINGSLEY MADU—The Minister of Information and National Orientation, Mohammed Idris, has affirmed that President Bola Ahmed Tinubu’s youth empowerment programs are motivated by a genuine commitment to creating opportunities for young Nigerians, rather than by partisan political interests. Idris made the clarification on Tuesday night in Abuja during an interactive session with youths from - [NCC Forum Highlights Youth, Innovation, and Access In Nigeria’s Digital Economy](https://businesstodayng.com/ncc-forum-highlights-youth-innovation-and-access-in-nigerias-digital-economy/) - Commitment to bridging the country’s digital divide and fostering inclusive participation in the digital economy, the Nigerian Communications Commission (NCC) has held its first Digital Awareness and Sensitization Forum. Held on November 13, 2025, with the theme “Leaving No One Behind: Digital Assets, Equity, and Empowerment”, bringing together policymakers, technology innovators, industry players, development partners, - [New Telecoms Towers Will Close Coverage Gaps Exploited By Bandits-Says-Tijani](https://businesstodayng.com/new-telecoms-towers-will-close-coverage-gaps-exploited-by-bandits-says-tijani/) - BY NKECHI NAECHE-ESEZOBOR—Nigeria’s Minister of Communications, Innovation and Digital Economy, Dr. ’Bosun Tijani, has reiterated that the planned deployment of 4,000 new telecommunications towers across underserved rural communities will help address critical vulnerabilities within the country’s telecoms ecosystem. Speaking during a recent interview aired on Channels Television, the minister explained that the project is designed - [Transcorp Hotels Appoints Tony Elumelu’s Wife, Awele As Board Chairman](https://businesstodayng.com/transcorp-hotels-appoints-tony-elumelus-wife-awele-as-board-chairman/) - Transcorp Hotels Plc has announced the appointment of Dr. (Mrs.) Awele Vivien Elumelu, as Chair of the Company, effective January 01, 2026. Dr. Elumelu’s appointment follows the retirement of current Chair, Mr. Emmanuel N. Nnorom, with effect from January 01, 2026. She brings exceptional leadership experience across healthcare, insurance, corporate governance, and philanthropy. She is - [Continental Reinsurance Holdings’ Financial Strength Rating Reaffirmed By AM Best](https://businesstodayng.com/continental-reinsurance-holdings-financial-strength-rating-reaffirmed-by-am-best/) - …Announces Relocation To Botswana, Marking A New Era of Growth BY NECHI NAECHE -ESEZOBOR—AM Best has reaffirmed the Financial Strength Rating of Continental Reinsurance Holdings Limited at B+ (Good), with a Stable Outlook. This affirmation comes at the end of a particularly challenging and transformative period for the Group and serves as a - [Lasaco Assurance Reinforces Community Development Efforts In Agidingbi](https://businesstodayng.com/lasaco-assurance-reinforces-community-development-efforts-in-agidingbi/) - As a steadfast pillar of support, Lasaco Assurance Plc, on December 10, 2025, upheld its legacy of community engagement through an outreach initiative within the Agidingbi community, joining hands with community leaders to support vulnerable members of our society. This initiative, which centered on the distribution of essential food items, served as a timely response - [Tirex Petroleum & Energy Honours Offshore Professionals at Second Edition Of FOCUS on Safety Initiative](https://businesstodayng.com/tirex-petroleum-energy-honours-offshore-professionals-at-second-edition-of-focus-on-safety-initiative/) - BY NKECHI NAECHE-ESEZOBOR—The management of Tirex Petroleum & Energy Limited, a subsidiary of Still Earth Holdings, has recognised and rewarded outstanding offshore workers for exemplary safety consciousness and adherence to best practices at the second edition of its FOCUS on Safety Initiative—an acronym for Formulate, Organize, Communicate, Undertake and Summarize. The ceremony, held recently in - [Police Detain ‘Peller’ After Viral Reckless Driving Video, Launch Investigation](https://businesstodayng.com/police-detain-peller-after-viral-reckless-driving-video-launch-investigation/) - BY SUNDAY SAMUEL—The Lagos State Police Command on Tuesday has arrested and detained, Habeeb Hamzat aka ‘PELLER’, for further investigation. This is following the viral video that surfaced online on Sunday 14th December, 2025, in which he was seen driving recklessly, leading to a dangerous road crash and serious motor accident, while the incident was - [Leadway Launches First Ever Lifestyle Fair to Empower and Spotlight Young Entrepreneurs](https://businesstodayng.com/leadway-launches-first-ever-lifestyle-fair-to-empower-and-spotlight-young-entrepreneurs/) - Leadway, one of Nigeria’s top non-banking financial services and wellbeing providers, has announced Media Dash 3.0. This edition features the first-ever Leadway Lifestyle Fair, a physical engagement platform designed to give young Nigerian SMEs a more robust platform to showcase their brands, connect with target markets, and gain visibility that will help them scale their - [BUA Foods’ Lafiagi Sugar Facility Set to Become Nigeria’s Largest Integrated Sugar Plant](https://businesstodayng.com/bua-foods-lafiagi-sugar-facility-set-to-become-nigerias-largest-integrated-sugar-plant/) - BUA Foods Plc is making significant strides with its Lafiagi Sugar Company Limited (LASUCO) in Kwara State, poised to become Nigeria’s largest fully integrated sugar production facility. The project, currently about 80% complete, was recently showcased to the Honourable Minister of State for Industry, Dr. John Owan Enoh, alongside a delegation from the Nigerian Sugar - [Leadway, Ouida Inspire Festember Read-Along, Earn Lagos State Praise](https://businesstodayng.com/leadway-ouida-inspire-festember-read-along-earn-lagos-state-praise/) - Leadway Group has received commendation from the Lagos State Government. This followed Leadway Group and Ouida's successful hosting of the 2025 Lagos Festember Read-Along Initiative, a platform that spotlights and simplifies access to the city’s diverse arts, literary, and creative experiences. This year’s edition brought together pupils from schools and learning centers across Lagos for - [Dangote Appoints Former Central Banker, Dr Hassan Mahmud As Group Chief Economist](https://businesstodayng.com/dangote-appoints-former-central-banker-dr-hassan-mahmud-as-group-chief-economist/) - Dangote Group has appointed renowned economist and former Central Bank of Nigeria (CBN) Director, Dr Mahmud Hassan as its Group Chief Economist, strengthening the Group’s economic advisory capacity at a time of heightened global and domestic market volatility. In his new role, Dr Hassan will serve as the Group’s top adviser on economic strategy, market - [NCC Moves To Resolve Telecom Service Disruptions In Abuja](https://businesstodayng.com/ncc-moves-to-resolve-telecom-service-disruptions-in-abuja/) - The Nigerian Communications Commission (NCC), has acknowledged the quality of service (QoS) challenges currently affecting telecommunications services in Abuja, which have impacted subscribers’ overall experience. In response, the Commission said is working closely with key stakeholders and licensed operators to resolve the disruptions. The service challenges have been largely linked to interruptions in diesel supply - [CBN Withdraws Operating Licences Of Aso Savings and Union Homes Over Capital Shortfalls](https://businesstodayng.com/cbn-withdraws-operating-licences-of-aso-savings-and-union-homes-over-capital-shortfalls/) - BY NKECHI NAECHE—ESEZOBOR—The Central Bank of Nigeria (CBN), on Tuesday revoked the operational licences of Aso Savings and Loans Plc and Union Homes Savings and Loans Plc. According to the apex regulator, the action was taken in the exercise of the powers conferred on the CBN under Section 12 of the Banks and Other Financial - [AIICO Insurance Unveils New Brand Identity To Signal Innovation and Future-Ready Protection](https://businesstodayng.com/aiico-insurance-unveils-new-brand-identity-to-signal-innovation-and-future-ready-protection/) - AIICO Insurance Plc has officially unveiled its refreshed brand identity, marking a significant milestone in its evolution as one of Nigeria’s most trusted and established insurance institutions. no The brand refresh signals renewed energy, youthfulness and innovation, while reinforcing the company’s longstanding commitment to trust, reliability and exceptional customer experience. The unveiling, which took place - [EGM: Lasaco Assurance Gets Shareholders’ Nod To Boost Capital Base By N25bn](https://businesstodayng.com/egm-lasaco-assurance-gets-shareholders-nod-to-boost-capital-base-by-n25bn/) - BY NKECHI NAECHE-ESEZOBOR—Ahead of recapitalization deadline, Lasaco Assurance Plc shareholders have given the green light for the company to raise additional capital, increasing its shareholders funds by N25 billion through a combination of Private Placement and Rights Issue. The approval was given during an Extraordinary General Meeting held at Lasaco House in Lagos on Tuesday. - [Adeleke Wins Accord Governorship Primary, Pledges Strong Showing in 2026](https://businesstodayng.com/adeleke-wins-accord-governorship-primary-pledges-strong-showing-in-2026/) - Governor Ademola Adeleke has emerged as the governorship candidate of the Accord after the governorship primary held at Osogbo and observed by the electoral commission (INEC) and other observers. The governor scored 145 votes while five votes were voided. The governor who was the sole aspirant for the position accepted the nomination and asserted that - [BREAKING: Nigeria’s Defence Headquarters Orders Immediate Removal Of Non-Essential Roadblocks Nationwide](https://businesstodayng.com/breaking-nigerias-defence-headquarters-orders-immediate-removal-of-non-essential-roadblocks-nationwide/) - The Defence Headquarters (DHQ) in Nigeria has ordered an immediate dismantling of non-essential static roadblocks and unauthorized checkpoints across key national highways, citing concerns about operational inefficiency and risks posed to both civilians and security personnel. The directive, issued through an internal communication dated December 5 and signed by Brigadier General A. Rabiu “for CDS”, - [Nigerian Ex-Aviation Minister Stella Oduah, Associate Arraigned In Court For Alleged N2.4billion Fraud](https://businesstodayng.com/nigerian-ex-aviation-minister-stella-oduah-associate-arraigned-in-court-for-alleged-n2-4billion-fraud/) - The Nigerian government on Wednesday arraigned former Minister of Aviation, Stella Oduah, alongside Gloria Odita, in an Abuja High Court over an alleged N2.4 billion fraud. The duo faces a five-count charge of alleged fraud, obtaining money by false pretence, and criminal breach of trust. According to the prosecution, the defendants allegedly conspired in January - [EFCC Probes 46 Bank Accounts Linked to Ex-AGF Malami](https://businesstodayng.com/efcc-probes-46-bank-accounts-linked-to-ex-agf-malami/) - The Economic and Financial Crimes Commission (EFCC), has began an in-depth investigation into 46 bank accounts allegedly linked to former Attorney-General of the Federation (AGF) Abubakar Malami, According to a source close to the former minister, he was invited for interrogation earlier on Monday but arrived later in the evening, prompting investigators to continue the - [How Investor Was Defrauded Of N3.9m In Alleged Fadama Coop Scam](https://businesstodayng.com/how-investor-was-defrauded-of-n3-9m-in-alleged-fadama-coop-scam/) - BY SUNDAY SAMUEL—A prosecution witness 3, PW3, Dajok Dakung Godfrey, in the ongoing trial of Okewole Dayo and Bishop Jonas Katung, on Wednesday, December 10, 2025, narrated before Justice Sharon T. Ishaya of the Federal High Court, Jos, Plateau State, how he was allegedly defrauded of his hard-earned savings by the defendants, under the guise - [FEC Approves N58bn for 200 Electric Buses to Modernise Nigeria’s Transport Sector](https://businesstodayng.com/fec-approves-n58bn-for-200-electric-buses-to-modernise-nigerias-transport-sector/) - The Federal Executive Council (FEC), on Wednesday approved the purchase of 200 electric buses by the National Automotive Design and Development Council (NADDC). The council also allocated N58 billion to the project as part of efforts to modernise Nigeria’s transport sector and boost local automotive production. The Minister of State for Industry, Trade and Investment, - [Africa’s Factoring Market Hits €50bn, But Still Far Below Potential — Afreximbank](https://businesstodayng.com/africas-factoring-market-hits-e50bn-but-still-far-below-potential-afreximbank/) - Afreximbank has highlighted the critical importance of factoring and supply chain finance (SCF) in narrowing Africa’s Small and Medium Enterprises (SMEs) financing gap and building resilient value chains across the continent. Speaking at Afreximbank’s annual Factoring Workshop in Abidjan, Côte d’Ivoire, Mrs Kanayo Awani, Executive Vice President, Intra-African Trade and Export Development (IAED) at Afreximbank - [SON, BPP Seal MoU To Strengthen ‘Nigeria First’ Policy in Federal Procurement](https://businesstodayng.com/son-bpp-seal-mou-to-strengthen-nigeria-first-policy-in-federal-procurement/) - A statement jointly signed by Talatu Ethan, Director Corporate Affairs (SON) and Zira Zakka Nagga, Head of Press and Public Relations (BPP) indicates that the MoU was signed by both the Director-General of BPP, Dr. Adebowale A. Adedokun, FCIPS, FCILT, ACFE and the Director-General of SON, Dr. Ifeanyi Chukwunonso Okeke, ACTI, FCA, FMSN at the - [House Committee Probes CBN On Alleged ₦11tr Revenue Shortfall](https://businesstodayng.com/house-committee-probes-cbn-on-alleged-₦11tr-revenue-shortfall/) - The House of Representatives on Wednesday summoned the Governor of the Central Bank of Nigeria, Olayemi Cardoso, to explain the alleged non-remittance of over ₦11 trillion in revenues collected through the Remita system. The matter, raised by the Committee on Public Accounts, also involves more than ₦5 trillion in operating surpluses that the apex bank - [ECOWAS Cuts Air Travel Taxes, Making West African Flights Cheaper from 2026](https://businesstodayng.com/ecowas-cuts-air-travel-taxes-making-west-african-flights-cheaper-from-2026/) - In a landmark move to boost regional connectivity, West African leaders have agreed to slash air travel taxes and fees, making flights within the region significantly more affordable starting 1 January 2026. The decision, reached at the ECOWAS Heads of State and Government Summit in Abuja, will see the elimination of several air transport taxes - [Party Supremacy Must Prevail, Tinubu Tells Osun Governorship Hopefuls](https://businesstodayng.com/party-supremacy-must-prevail-tinubu-tells-osun-governorship-hopefuls/) - President Bola Tinubu has urged aspirants for the All Progressives Congress (APC) governorship ticket in Osun State to uphold party supremacy and work toward a united front ahead of the December 13 primary. Speaking at a meeting with the aspirants and APC leaders at the State House in Abuja, the President appealed for consensus-building, warning - [Withdrawal of Police From VIPs Not Negotiable — Tinubu](https://businesstodayng.com/withdrawal-of-police-from-vips-not-negotiable-tinubu/) - President Bola Tinubu on Wednesday in Abuja said the directive to redeploy police officers working with VIPs, VVIPs and ministers was not negotiable, admonishing all ministers to ensure immediate compliance. Speaking at the opening of the Federal Executive Council (FEC) meeting in the State House Council Chamber, the President warned against non-compliance. "If you have - [Rescue of Niger Students a Profound National Relief, Says Information Minister](https://businesstodayng.com/rescue-of-niger-students-a-profound-national-relief-says-information-minister/) - PRESS RELEASE—The Honourable Minister of Information and National Orientation, Mohammed Idris, has described the rescue of some abducted students of the St. Mary’s Catholic Primary and Secondary School, Papyri, Niger State, as a moment of profound relief for the nation and families of the children. The Minister stated this on Wednesday when he led a - [51-Year-Old Kayode Kolade Wins Inaugural Heirs Insurance Retirement Dream Competition](https://businesstodayng.com/51-year-old-kayode-kolade-wins-inaugural-heirs-insurance-retirement-dream-competition/) - L-R: Patrick Okorie, Regional Head, South, Heirs General Insurance; Ijeoma Onwujekwe, Marketing Executive, Heirs Insurance Group; Kayode Kolade, Winner, 2025 Heirs Insurance Retirement Dream Competition; and Andrew Ahwin, Regional Head, South, Heirs Life Assurance; at the presentation of the Heirs Insurance Retirement Award at the winner’s home in Port Harcourt, on Tuesday, December 9, 2025. - [African Nations Move Towards Unified Reparations Claims Against Britain](https://businesstodayng.com/african-nations-move-towards-unified-reparations-claims-against-britain/) - In a historic move signaling a coordinated legal and diplomatic offensive, African leaders are advancing plans to file a joint reparation claim against the United Kingdom for crimes committed during the colonial era. The push gained significant momentum at a major conference in Algiers recently, where policymakers convened to translate principle into action. The meeting, - [Sephine Edefe Nig Ltd Increase Stake In Consolidated Hallmark Holdings Plc](https://businesstodayng.com/sephine-edefe-nig-increase-stake-in-consolidated-hallmark-holdings-plc/) - BY NKECHI NAECHE-ESEZOBOR—Consolidated Hallmark Holdings Plc has announced a notification of share dealing involving one of its substantial shareholders, Sephine Edefe Nig Ltd. The company disclosed this in a notice to Nigerian Exchange and investing public as part of its regulatory obligation to report dealings by directors and insiders. According to the filing, Sephine Edefe - [Netflix’s $82.7 Billion Bid for Warner Bros. Discovery Sets Stage for Industry-Shifting Media Megamerger](https://businesstodayng.com/netflixs-82-7-billion-bid-for-warner-bros-discovery-sets-stage-for-industry-shifting-media-megamerger/) - Netflix’s announcement to acquire Warner Bros. Discovery (WBD) in a deal valued at $82.7 billion, including debt, marks one of the most consequential consolidations in global media history. The merger, which encompasses Warner Bros.’ film and television studios and the HBO Max streaming service, is positioned as a strategic pivot for Netflix amid slowing subscriber - [WAPCo Hits Historic 217,000 mmbtu Daily Peak Gas Delivery](https://businesstodayng.com/wapco-hits-historic-217000-mmbtu-daily-peak-gas-delivery/) - The West African Gas Pipeline Company (WAPCo), says it has achieved record-breaking operational performance for 2025, with gas delivery reaching all-time high of 217,000 mmbtu per day in November, the highest in the company’s history. The company’s Managing Director, Mr Abiodun Bodunrin, made this known during a media interactive session in Lagos on Tuesday. He - [Kaduna Inland Dry Port Records 800 Container Throughput](https://businesstodayng.com/kaduna-inland-dry-port-records-800-container-throughput/) - The Nigerian Shippers’ Council (NSC), says cargo activities at the Kaduna Inland Dry Port (KIDP) has improved with monthly throughput rising from 200 to 800 containers. Danjuma Buba, Deputy Director, NSC Kaduna Port Office, said this in an interview with the News Agency of Nigeria (NAN), on Monday in Kaduna. He attributed the growth to - [Nigerian Army Denies Reports Of Shooting Women Protesters In Adamawa](https://businesstodayng.com/nigerian-army-denies-reports-of-shooting-women-protesters-in-adamawa/) - 23 Brigade of Nigerian Army on Tuesday denied media reports alleging that women protesters were shot by the Brigade Commander’s escorts during communal clashes in Lamurde Local Government Area, Adamawa State, on Monday, 8 December 2025. According to statement posted via Army official X account, it described the report as baseless and unfounded and false - [Nigerian Army Strengthens Ties With National Assembly To Boost Border Security](https://businesstodayng.com/nigerian-army-strengthens-ties-with-national-assembly-to-boost-border-security/) - The Nigerian Army has reiterated its commitment to strengthening partnerships with the National Assembly to enhance national security, particularly in border areas. The Chief of Army Staff (COAS), Lieutenant General Waidi Shaibu, made this known during a visit by the House of Representatives Ad-Hoc Committee on Border Security, led by Honourable Mohammed Isa Anka. The - [FMDQ Urges Stakeholders to Use Celebrities To Drive Investment Reforms](https://businesstodayng.com/fmdq-implore-stakeholders-to-use-celebrities-to-push-investment-reforms/) - BY NECHI NAECHE-ESEZOBOR—The Senior Vice President of Government Affairs at FMDQ Group, Emmanuel Etaderhi, has urged regulators and market operators to deploy pop culture influencers — including musicians, actors, and football stars — to drive youth engagement with the newly enacted Investment Securities Act (ISA) 2025. Etaderhi made the call at the annual conference of - [Technical Issue Forces NAF C-130 to Land in Burkina Faso, Mission To Resume Soon](https://businesstodayng.com/technical-issue-forces-naf-c-130-to-land-in-burkina-faso-mission-to-resume-soon/) - BY SUNDAY SAMUEL-The Nigerian Air Force (NAF), on Tuesday confirmed that one of its C-130 transport aircraft made a precautionary landing in Bobo-Dioulasso, Burkina Faso, after the crew detected a technical issue while en route to Portugal on December 8, 2025. A statement issued by Air Commodore Ehimen Ejodame, Director of Public Relations and Information, - [Nigeria Receives Major U.S. Wheat Consignment As Bilateral Agro Trade Set To Hit $700m](https://businesstodayng.com/nigeria-receives-major-u-s-wheat-consignment-as-bilateral-agro-trade-set-to-hit-700m/) - Nigeria has received a significant boost to its food supply chain with the arrival of a U.S. vessel carrying 50,000 metric tonnes of wheat valued at $15 million. The shipment, which berthed at Apapa Port in Lagos, reinforces Nigeria’s position as the third-largest export market for American wheat and highlights the rapidly expanding agricultural partnership - [ECOWAS Announces State of Emergency Over Rising Coup Attempts](https://businesstodayng.com/ecowas-announces-state-of-emergency-over-rising-coup-attempts/) - The Economic Community of West African States (ECOWAS) has announced a regional state of emergency in response to the growing wave of military coups and attempted power seizures destabilising several member states. The decision, announced by ECOWAS Commission President Omar Alieu Touray during the 55th ordinary session of the Mediation and Security Council in Abuja, - [Cornerstone Insurance Wins Big, Takes Home Two Top Tech Awards](https://businesstodayng.com/cornerstone-insurance-wins-big-takes-home-two-top-tech-awards/) - Cornerstone Insurance Plc, has won two major recognitions award at the Nigeria Technology Award 2025 held recently at Virginrose Resorts, Victoria Island, Lagos. The company won Most Innovative Digital Insurance Company of the Year and Excellence in Technology Deployment – Insurance Service Company of the Year, solidifying its position as a pioneer in digital transformation - [NNPC E&P Sets New Production Benchmark With 355,000bpd Milestone](https://businesstodayng.com/nnpc-ep-limited-hits-record-355000-bpd-production/) - BY NKECHI-NAECHE-ESEZOBOR—NNPC E&P Limited (NEPL), on Tuesday said it has achieved a record production level of 355,000 barrels of oil per day, its highest daily output since 1989. The milestone marks a significant step forward for Nigeria’s upstream sector and reflects the company’s ongoing transformation anchored on efficiency and discipline. According to statement released by - [Ikekhua, Mimiko, Two Others Join Governing Council Of NIA](https://businesstodayng.com/ikekhua-mimiko-two-others-join-governing-council-of-nia/) - BY NKECHI NAECHE-ESEZOBOR—The Nigerian Insurers Association (NIA) has announced the co-option of new members into its Governing Council. According to the association, Mr. Andrew Ikekhua, Managing Director of NEM Insurance Plc; Mr. Gboyega Lesi, Managing Director of Leadway Assurance Company Limited; and Mr. Olalekan Oyinlade, Managing Director of emPLE General Insurance Limited, have been re-co-opted - [NESG council Urges FG To Priorities Productivity, Structural Preforms](https://businesstodayng.com/nesg-council-urges-fg-to-priorities-productivity-structural-preforms/) - The Economic Advisory Council of the Nigeria Economic Summit Group (NESG) has urged the Federal Government to place urgent emphasis on productivity, structural reforms and efficient public spending to accelerate economic growth. The Co-Chair of the Council, Prof. Osita Ogbu, made the call during an interactive session with the media in Abuja on Monday. Ogbuu - [VP Shettima Reaffirms Nigeria’s Commitment To Regional Stability, Peace](https://businesstodayng.com/vp-shettima-reaffirms-nigerias-commitment-to-regional-stability-peace/) - Vice President Kashim Shettima yesterday witnessed the inauguration and swearing-in ceremony of President Alassane Ouattara for another term in office as President of Côte d’Ivoire in Abidjan, where he reaffirmed Nigeria’s continued commitment to regional peace and stability. This is just as the World Bank has applauded the reform policies of the administration of President - [Seinde Fadeni Resigns From Board of Consolidated Hallmark Holdings Plc](https://businesstodayng.com/seinde-fadeni-resigns-from-board-of-consolidated-hallmark-holdings-plc/) - BY NECHI NAECHE-ESEZOBOR —Consolidated Hallmark Holdings Plc has announced the resignation of Dr. Seinde Fadeni from its Board of Directors, where he served as a Non-Executive Director. His resignation took effect on October 28, 2025. The company disclosed this in a notice submitted to the Nigerian Exchange Limited (NGX) and circulated to shareholders and the - [ECOWAS Takes Swift Action, Sends Troops To Benin After Coup Attempt](https://businesstodayng.com/ecowas-takes-swift-action-sends-troops-to-benin-after-coup-attempt/) - The Economic Community of West African States (ECOWAS) has ordered the immediate deployment of its Standby Force in Benin following Sunday morning’s aborted coup d’etat in the country. This is contained in a statement issued by the ECOWAS Commission, hours after releasing its first statement on Sunday regarding the coup. On Sunday reported that based - [NSCDC’s Officer Bags 7-Year Jail Term for Forgery, Corrupt Advantage](https://businesstodayng.com/nscdcs-officer-bags-7-year-jail-term-for-forgery-corrupt-advantage/) - The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has secured the conviction of one Hassan Abdullahi, a Superintendent of the Nigeria Security and Civil Defence Corps (NSCDC), for offences bordering on certificate forgery and corrupt advantage. Delivering judgement on the matter, Honourable Justice E. Okpe of the Federal Capital Territory High Court sitting - [National Assembly Queries NNPCL, Sets Dec. 15 Deadline For Accountability Report](https://businesstodayng.com/national-assembly-queries-nnpcl-sets-dec-15-deadline-for-accountability-report/) - The House of Representatives Committee on Public Account has scheduled Dec. 15 for Nigerian National Petroleum Company Ltd. (NNPCL) to appear and account for alleged revenue leakage in the company. Chairman of the committee, Rep. Bamidele Salam, gave the ruling in a hearing on Monday in Abuja, after the NNPCL management had failed to honour - [GPT Security Risks: NITDA Flags Seven Critical Weaknesses in OpenAI Systems](https://businesstodayng.com/gpt-security-risks-nitda-flags-seven-critical-weaknesses-in-openai-systems/) - The National Information Technology Development Agency (NITDA) has issued a security advisory warning Nigerians about newly discovered vulnerabilities in OpenAI’s GPT-4.0 and GPT-5 series, which could expose users to data-leakage and other cyber threats. According to the agency’s Director of Corporate Affairs and External Relations, Mrs. Hadiza Umar, NITDA has identified seven critical weaknesses that - [Access Bank Botswana Earns Three Global Recognitions for Innovation and Excellence](https://businesstodayng.com/access-bank-botswana-earns-three-global-recognitions-for-innovation-and-excellence/) - Access Bank Botswana, a subsidiary of Access Bank Group, has achieved global recognition by securing three prestigious international awards that celebrate its innovation, customer-centric approach, and commitment to social impact. These accolades underscore the Bank’s dedication to transforming Botswana’s financial landscape through digital excellence and purpose-driven banking. Access Bank was named Best Digital Banking Initiative, - [CBN Grants Final Licences To 82 BDCs, Warns Public Against Unlicensed Operators](https://businesstodayng.com/cbn-grants-final-licences-to-82-bdcs-warns-public-against-unlicensed-operators/) - BY NECHI NAECHE-ESEZOBOR—The Central Bank of Nigeria (CBN), on Monday sad it has granted final licenses to 82 Bureaux De Change (BDCs) to operate with effect from November 27, 2025. In a statement signed by the Acting Director of Corporate Communications, Mrs. Hakama Sidi Ali, the apex bank clarified that only the BDCs listed on - [Tinubu Hails Rescue Of 100 Niger Students, Orders Swift Release of Remaining Hostages](https://businesstodayng.com/tinubu-hails-rescue-of-100-niger-students-orders-swift-release-of-remaining-hostages/) - NKECHI NAECHE-ESEZOBOR—President Bola Tinubu has commended the security agencies for their tireless efforts in securing the freedom of the 100 students of Papiri Catholic School in Niger State. While expressing his joy over the safe return of the students, President Tinubu equally charged the security agencies to ensure the swift release of the remaining 115 - [FG Approves Kogi–Hunan Free Trade Zone, Sets Stage For Ajaokuta Economic City Launch](https://businesstodayng.com/fg-approves-kogi-hunan-free-trade-zone-sets-stage-for-ajaokuta-economic-city-launch/) - The Federal Government has approved the establishment of the Kogi–Hunan Free Trade Zone, marking a major step toward the development and eventual launch of the Ajaokuta Economic City. The approval follows a strategic partnership between the Kogi State Government, led by Governor Ahmed Usman Ododo, and the Zhuzhou Municipal Government of Hunan Province, China, under - [Niger State Receives 100 Rescued Schoolchildren Kidnapped](https://businesstodayng.com/niger-state-receives-100-rescued-schoolchildren-kidnapped/) - BY JOE ADEBOWALE—The Niger State Government has received 100 schoolchildren who were abducted last month from St. Mary’s Catholic Primary and Secondary School, Papiri, in Agwara Local Government Area. The children regained their freedom 17 days after the attack, which had left families, community members and the government in deep distress. While the release has - [Olukoyede Shines at NEAPS](https://businesstodayng.com/olukoyede-shines-at-neaps/) - BY SUNDAY SAMUEL—The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ola Olukoyede was on Sunday, December 7, 2025, honoured with Nigeria Excellence Awards in Public Service (NEAPS) The Award, an initiative of the Office of the Secretary to the Government of the Federation in collaboration with The Best Strategic Media, - [Alleged N76bn, $31.5m Fraud: How Former AMCON MD Ahmed Kuru Diverted N4.9bn From Defunct Arik Air - EFCC Investigator](https://businesstodayng.com/alleged-n76bn-31-5m-fraud-how-former-amcon-md-ahmed-kuru-diverted-n4-9bn-from-defunct-arik-air-efcc-investigator/) - SUNDAY SAMUEL—A prosecution witness on Monday, December 8, 2025, told Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos, how former Managing Director of the Asset Management Corporation of Nigeria (AMCON), Ahmed Kuru, and others allegedly diverted N4.9 billion belonging to the now-defunct Arik Air Limited to establish a new airline, NG - [Enugu Appeal Court Sets Aside Judgment Clearing Man Accused of N2.9m Land Fraud](https://businesstodayng.com/enugu-appeal-court-sets-aside-judgment-clearing-man-accused-of-n2-9m-land-fraud/) - The Enugu State Division of Court of Appeal has set aside judgment of the Federal High Court sitting in Independence Layout, Enugu which discharged and acquitted one Henry Ugwuede for offences bordering on land scam. Ugwuede was prosecuted by the Enugu Zonal Directorate of the Economic and Financial Crimes Commission, EFCC before Justice R. O. - [GCR Upgrades NEM Insurance to AA+ as Strong Capitalisation Boosts Profile](https://businesstodayng.com/gcr-upgrades-nem-insurance-to-aa-as-strong-capitalisation-boosts-profile/) - GCR Ratings (GCR) has upgraded NEM Insurance Plc’s national scale financial strength rating to AA+(NG) from AA(NG), with the outlook maintained as Stable. The renowned agency said the rating upgrade reflects the sustained strengthening in NEM Insurance Plc’s (NEM or the insurer) competitive position within the non-life insurance segment, supported by a sound financial profile - [Kaduna Seeks $200m Chinese Partnership To Boost Poultry Production](https://businesstodayng.com/kaduna-seeks-200m-chinese-partnership-to-boost-poultry-production/) - The Kaduna State Government is stepping up efforts to secure a $200 million investment partnership with leading Chinese agribusiness firms as part of its drive to expand poultry production and strengthen the state’s agricultural value chain. During the visit the Governor toured key agricultural and livestock facilities, including CP Foods Layers and Eggs Ltd., a - [Tinubu Commends Nigeria's Armed Forces For Protecting Democracy In Benin Republic](https://businesstodayng.com/tinubu-commends-nigerias-armed-forces-for-protecting-democracy-in-benin-republic/) - President Bola Ahmed Tinubu has commended the gallantry of Nigeria's military on Sunday for responding swiftly to the request by the Government of Benin Republic to save its 35-year-old democracy from coup plotters who struck at dawn today. Acting on two separate requests from the Government of Benin, President Tinubu first ordered Nigerian Air Force - [Tax Reforms Strengthen Economic Competitiveness: What you need to know about Nigeria's Tax Administration Act that goes into force in January 2026.](https://businesstodayng.com/tax-reforms-strengthen-economic-competitiveness-what-you-need-to-know-about-nigerias-tax-administration-act-that-goes-into-force-in-january-2026/) - BY DR. TOPE FASUA—In recent weeks, a wave of commentary has suggested that Nigeria’s new tax regime may scare away investors, trigger capital flight, or damage business competitiveness. These concerns, although understandable in an environment where fiscal reforms attract intense public scrutiny, are largely misplaced. The 2025 tax reforms, anchored by the new Nigeria Tax - [Tax Reforms Gains: Debunking Misconceptions (2)](https://businesstodayng.com/tax-reforms-gains-debunking-misconceptions/) - Furthermore, the definition of Covered Taxes for the 15% Effective Tax Rate includes companies' income tax, petroleum profits tax, hydrocarbon tax, development levy, and priority sector tax credits. This broad definition ensures that companies are given credit for the full range of their fiscal contributions, preventing double taxation. Consequently, the 15% Effective Tax Rate is - [FG Launches ‘My Nigeria, My Responsibility’ Campaign, Calls For Patriotism Through Action And Accountability](https://businesstodayng.com/fg-launches-my-nigeria-my-responsibility-campaign-calls-for-patriotism-through-action-and-accountability/) - The Federal Government has launched a nationwide citizenship movement designed to transform patriotism from mere emotion into everyday action, responsibility, and nation-building. The initiative, titled “My Nigeria, My Responsibility,” was officially flagged off today at the State House, Abuja, by the Honourable Minister of Information and National Orientation, Mohammed Idris,, who represented President Bola Ahmed - [SEC Announces New Market-Efficiency Measures, Confirms Shift To T+1 Settlement Cycle](https://businesstodayng.com/sec-announces-new-market-efficiency-measures-confirms-shift-to-t1-settlement-cycle/) - The Securities and Exchange Commission (SEC), on Monday announced a series of wide-ranging reforms aimed at strengthening market efficiency, deepening investor confidence, and accelerating the digital transformation of Nigeria’s capital market. SEC Director-General, Dr. Emomotimi Agama, unveiled the initiatives during the second Capital Market Committee (CMC) meeting for 2025, where he also confirmed Nigeria’s move - [UBA Group Dominates 2025 Banker Awards, Emerges Africa’s Bank of the Year For Third Time In Five Years](https://businesstodayng.com/uba-group-dominates-2025-banker-awards-emerges-africas-bank-of-the-year-for-third-time-in-five-years/) - ….Wins Best Bank In Nine Out Of 20 African Subsidiaries Africa’s Global Bank, United Bank for Africa (UBA) Plc, has once again, reaffirmed its leadership as one of the continent’s most innovative and resilient financial institutions, as the bank has, for the third time in five years, been named the African Bank of the year - [SanlamAllianz Nigeria Named Amongst Tou 50 Good To Great Companies....As MImiko Wins Life Insurance Leader Of The Year](https://businesstodayng.com/sanlamallianz-nigeria-named-amongst-tou-50-good-to-great-companies-as-mimiko-wins-life-insurance-leader-of-the-year/) - L-R: Chris Ekwonwa, Group Head Strategy, Marketing and Customer Relations; Tunde Mimiko, MD/CEO and Bankole Banjo, Marketing and Corporate Communications Manager all of SanlamAllianz Nigeria pose with the awards. SanlamAllianz Nigeria was named amongst the top 50 Good to Great Companies (Certified) by Business Times, a growing business and finance publication based in Lagos. The - [ISA 2025 Poised To Attract Investments, Strengthen Oversight-Says SEC, NGX](https://businesstodayng.com/isa-2025-poised-to-attract-investments-strengthen-oversight-says-sec-ngx/) - NKECHI NAECHE—ESEZOBOR—The Securities and Exchange Commission (SEC) and the Nigerian Exchange Group (NGX) have affirmed that the newly enacted Investments and Securities Act (ISA) 2025 will play a pivotal role in attracting investments, strengthening regulatory oversight, and positioning Nigeria’s capital market for sustainable growth. Speaking at the 2025 workshop of the Capital Market Correspondents Association - [NGX, SEC Back FG’s Push for Predictable Capital-Gains-Tax Framework](https://businesstodayng.com/ngx-sec-back-fgs-push-for-predictable-capital-gains-tax-framework/) - FG, SEC, NGX Group Forge Unified Direction on Capital Gains Tax Reform The Federal Government has inaugurated the National Tax Policy Implementation Committee (NTPIC), marking a deliberate shift toward a more predictable and market-aligned rollout of the newly enacted capital-gains-tax (CGT) provisions. The move follows extensive technical engagements with key capital-market institutions, including the Securities - [APC Disqualifies Omisore, Six Others Over Nomination Irregularities](https://businesstodayng.com/apc-disqualifies-omisore-six-others-over-nomination-irregularities/) - The All Progressives Congress (APC) of Friday disqualified its former National Secretary, Senator Iyiola Omisore and other aspirants running for the Party's Governorship Primary In a report the Committee observed that seven aspirants: Sen. Iyiola Omisore, Babatunde Haketer Oralusi, Mr. Oyedotun Babayemi, Dr. Akinade Akanmu Ogunbiyi, Benedict Olugboyega Alabi, Adegoke Rasheed Okiki Adekunle, and Sen. - [Court Awards Damages To Masquerade Arrested In Akwa Ibom](https://businesstodayng.com/court-awards-damages-to-masquerade-arrested-in-akwa-ibom/) - A High Court sitting in Uyo, Akwa Ibom State, has awarded damages in favour of a masquerade unlawfully arrested by the police following a directive reportedly issued by the state governor restricting traditional performances during the Yuletide period. The court held that the arrest violated the fundamental rights of the practitioner, affirming that Ekpo—a centuries-old - [Nigeria Advances Pharmaceutical Regulation As NAFDAC Becomes ICH Member](https://businesstodayng.com/nigeria-advances-pharmaceutical-regulation-as-nafdac-becomes-ich-member/) - The International Council for Harmonisation of Technical Requirements for Pharmaceuticals for Human Use (ICH) has confirmed Nigeria as a member. Nigeria’s NAFDAC was admitted when the ICH Assembly met in Singapore from 18 to 19 November 2025, during its second in-person meeting this year. At the same assembly, South Africa’s SAHPRA was also admitted as - [FSL Insurance Brokers Unveils “FSL Insure” App to Revolutionize Digital Insurance In Nigeria](https://businesstodayng.com/fsl-insurance-brokers-unveils-fsl-insure-app-to-revolutionize-digital-insurance-in-nigeria/) - NKECHI NAECHE-ESEZOBOR—FSL Insurance Brokers Limited, has officially launched “FSL Insure”, a new mobile and web application designed to simplify, modernize, and expand access to insurance products for individuals and businesses nationwide. The FSL Insure app offers a fully digital insurance experience, allowing users to explore, compare, purchase, and manage insurance policies in real time, anytime, - [Wike Sacks FCT-IRS Acting Chairman](https://businesstodayng.com/wike-sacks-fct-irs-acting-chairman/) - The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has sacked the Acting Executive Chairman of the Federal Capital Territory Internal Revenue Service (FCT-IRS), Mr. Michael Ango. This was made known in a statement on Friday, by the Senior Special Assistant to the Minister of Public Communication and Social Media, Lere Olayinka. The most - [NEM Insurance Wins Financial Services Insurance Category At 2025 Pearl Awards](https://businesstodayng.com/nem-insurance-wins-financial-services-insurance-category-at-2025-pearl-awards/) - Leading insurance company, NEM Insurance Plc, on Sunday night emerged winner of the Sectoral Leadership Award - Financial Services Insurance category, at the prestigious 2025 Pearl Awards, held at the Oriental Hotel, Victoria Island, Lagos. The recognition, which also coincides with the awards 30th anniversary, drew an impressive gathering of financial sector leaders, top government - [President Tinubu Constitutes Boards Of NADF, BOA, and UBEC](https://businesstodayng.com/president-tinubu-constitutes-boards-of-nadf-boa-and-ubec/) - President Bola Ahmed Tinubu has announced the constitution of the boards of the National Agricultural Development Fund (NADF), the Bank of Agriculture (BOA), and the Universal Basic Education Commission (UBEC). Senator Umaru Tanko Al-Makura, appointed in July, continues to serve as chair of the UBEC Board. Uchendu Ikechi Mbaegbulem has been appointed to represent the - [FG Seeks ICAN Partnership to Deepen Public Trust and Drive Economic Reforms](https://businesstodayng.com/fg-seeks-ican-partnership-to-deepen-public-trust-and-drive-economic-reforms/) - The Minister of Information and National Orientation, Mohammed Idris, has urged the Institute of Chartered Accountants of Nigeria (ICAN) to support the reform agenda of the President Bola Ahmed Tinubu administration. The Minister made the call while receiving a delegation of the ICAN, led by the President, Malam Malam Haruna Nma Yahaya, who paid him - [FG Reforms Spur Investment Growth as Imo Emerges Regional Economic Powerhouse – Edun](https://businesstodayng.com/fg-reforms-spur-investment-growth-as-imo-emerges-regional-economic-powerhouse-edun/) - The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has said that the Federal Government's economic reforms are creating stronger opportunities for private-sector growth nationwide Speaking on Thursday at the Imo State Economic Summit 2025, Edun commended Governor Hope Uzodimma for upgrades to roads and plans for 24-hour electricity, signalling - [PenCom Announces New Era of Zero Tolerance for Pension Defaults](https://businesstodayng.com/pencom-announces-new-era-of-zero-tolerance-for-pension-defaults/) - BY NKECHI NAECHE-ESEZOBOR—The Director General of the National Pension Commission (PenCom), Ms. Omolola Oloworaran, has announced that PenCom has ushered in a new era of zero tolerance for pension defaults with accredited Recovery Agents serving as thecornerstone of Nigeria’s social contract with its workers. Ms. Oloworaran represented by the Commissioner Inspectorate of the Commission, Hon. - [Just In: DSS Intercept Medical Doctor Ferrying Drugs To Kidnappers](https://businesstodayng.com/just-in-dss-intercept-medical-doctor-ferrying-drugs-to-kidnappers/) - BY SUNDAY SAMUEL— The Department of State Service, ( DSS), said it has taken into custody a medical doctor who was ferrying drugs from Sokoto to kidnappers in parts of Kwara State. According to the agency, the doctor was intercepted in Jebba area following intelligence reports about the activities of the kidnappers and their couriers. - [Stop Misusing Antibiotics, NAFDAC Warns Nigerians](https://businesstodayng.com/stop-misusing-antibiotics-nafdac-warns-nigerians/) - BY NKECHI NAECHE-ESEZOBOR—The National Agency for Food and Drug Administration and Control, (NAFDAC), has warned Nigerians against the continued misuse and overuse of antibiotics, cautioning that such practices are accelerating the spread of Antimicrobial Resistance (AMR) across the country. Speaking at the 2025 World Antimicrobial Awareness Week (WAAW) commemoration in Lagos, the Director General of - [Appeal Court Affirms Judgment Barring VIO From Stopping, Impounding Vehicles](https://businesstodayng.com/appeal-court-affirms-judgment-barring-vio-from-stopping-impounding-vehicles/) - The Court of Appeal in Abuja has affirmed a judgment of a Federal High Court Abuja, which barred the Directorate of Road Traffic Services, also called VIO, from further stopping, impounding, or confiscating vehicles on the road and imposing fines on motorists. In a unanimous judgment, a three-member panel of the appellate court resolved the - [Court fixes Jan 22 date to rule on Nestoil’s application for injunctive relief against 8 banks, other](https://businesstodayng.com/court-fixes-jan-22-date-to-rule-on-nestoils-application-for-injunctive-relief-against-8-banks-other/) - The Federal High Court in Abuja, on Thursday, fixed Jan. 22, 2026, for ruling on Nestoil Limited’s request for injunctive relief against eight Nigerian banks and the African Export-Import Bank (Afreximbank). The eight banks include Access Bank Plc, First Bank of Nigeria Ltd, African Export-Import Bank, ECOBANK, First City Monument Bank, Union Bank, United Bank - [EFCC Arraigns Company Manager for Failure to Appoint Compliance Desk Officer](https://businesstodayng.com/efcc-arraigns-company-manager-for-failure-to-appoint-compliance-desk-officer/) - The Economic and Financial Crimes Commission (EFCC), Abuja Zonal Directorate on Wednesday December, 3, 2025, arraigned a company compliance officer, Orbby Vanessa Agwuncha, before Justice O.A. Egwuata of the Federal High Court, Abuja, for failure to appoint a compliance desk officer and develop programmes to combat money laundering and other illegal financial acts She was - [EFCC Hands over N96.5million To Victims Of Ponzi Scheme In Enugu](https://businesstodayng.com/efcc-hands-over-n96-5million-to-victims-of-ponzi-scheme-in-enugu/) - SUNDAY SAMUEL—In line with its commitment to combating economic and financial crimes and ensuring restitution for victims of fraudulent schemes, the Economic and Financial Crimes Commission, EFCC on Thursday, December 4, 2025 handed over N96, 500, 000. 00 (Ninety-six Million, Five Hundred Thousand Naira) to victims of ponzi schemes, in Enugu State. The Commission received - [ICPC Inaugurates Anti-Corruption Unit at FGGC Kazaure-Jigawa State, Urges Ethical Standards](https://businesstodayng.com/icpc-inaugurates-anti-corruption-unit-at-fggc-kazaure-jigawa-state-urges-ethical-standards/) - The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has called on public servants at the Federal Government Girls College (FGGC), Kazaure, Jigawa State, to uphold high ethical standards and personal integrity in order to curb corruption. This appeal was made by the Resident Anti-Corruption Commissioner for Kano and Jigawa States, Mr. Ahmed Muhammad - [Senate Passes Bill Establishing Nigerian Police Force Pension Board](https://businesstodayng.com/senate-passes-bill-establishing-nigerian-police-force-pension-board/) - BY NKECHI NAECHE-ESEZOBOR—The Nigerian Senate on Thursday passed a bill establishing the Nigerian Police Force Pension Board. The bill, titled “Police Pension Board (Establishment) Bill,” sponsored by Senator Binos Yaroe (PDP, Adamawa South), seeks to exempt police personnel from the Contributory Pension Scheme under the Pension Reform Act of 2014. The proposed legislation — “A - [Tinubu Swears In Gen. Christopher Musa As New Defence Minister](https://businesstodayng.com/tinubu-swears-in-gen-christopher-musa-as-new-defence-minister/) - President Bola Ahmed Tinubu, on Thursday, swore in General Christopher Gwabin Musa (rtd) as Minister of Defence at the Presidential Villa, Abuja. General Musa’s appointment follows the resignation of Alhaji Mohammed Badaru Abubakar on Monday, December 1, 2025. His nomination was announced the following day and transmitted to the Senate, where it received expedited screening - [Tinubu Submits 68 Ambassadorial Nominees to Senate for Confirmation](https://businesstodayng.com/tinubu-submits-68-ambassadorial-nominees-to-senate-for-confirmation/) - President Bola Tinubu on Thursday submitted to the Senate two separate lists comprising 34 career diplomats and 31 non-career nominees for screening and confirmation as ambassadors. Among the prominent non-career nominees are Professor Mahmood Yakubu, Reno Omokri, Femi Fani-Kayode, Gen. Abdulrahman Dambazau (rtd), Victor Ikpeazu, and former Enugu State Governor Ifeanyi Ugwuanyi. Others on the - [Troops Record Major Gains in Taraba, Neutralise Bandits and Recover Weapons](https://businesstodayng.com/troops-record-major-gains-in-taraba-neutralise-bandits-and-recover-weapons/) - BY SUNDAY SAMUEL—Troops of Headquarters 6 Brigade, Nigerian Army/Sector 3 Operation Whirl Stroke (OPWS), have intensified their ongoing offensive across Taraba State, recording multiple operational successes that include the destruction of bandits’ camps, neutralisation of armed elements, recovery of weapons, and the arrest of a key suspect linked to criminal activities in the region. According - [EFCC Files Notice of Appeal Against Abuja Court’s Decision On Okwete Assets](https://businesstodayng.com/efcc-files-notice-of-appeal-against-abuja-courts-decision-on-okwete-assets/) - BY SUNDAY SAMUEL—The Economic and Financial Crimes Commission, EFCC, has filed a Notice of Appeal against a judgment of Justice Joyce Abdulmalik of the Federal High Court, Abuja ordering the release of 27 houses to James Ikechukwu Okwete, his company Jamec West Africa Limited In a NOTICE OF APPEAL filed at the Court of Appeal, - [EFCC Clarifies Abuja Property Action, Says Court Granted Interim Forfeiture Order](https://businesstodayng.com/efcc-clarifies-abuja-property-action-says-court-granted-interim-forfeiture-order/) - The Economic and Financial Crimes Commission, EFCC, feels obliged to correct the distortions and misrepresentations contained in a news story published by Sahara Reporters headlined: “EFCC Invades Abuja Property Despite Court Order Restraining Agency, Awarding N20million To Jona Brothers”. The Abuja property, Plot 680-689 Cadastral Zone B06, Mabushi, Abuja, referenced in the report, is a - [Drug War: NCWS Commends President Tinubu, Marwa, Seeks Collaboration With NDLEA](https://businesstodayng.com/drug-war-ncws-commends-president-tinubu-marwa-seeks-collaboration-with-ndlea/) - The National Council of Women Societies (NCWS) Nigeria on Thursday commended President Bola Ahmed Tinubu over the reappointment of Brig Gen Mohamed Buba Marwa (rtd) as Chairman/Chief Executive Officer of the National Drug Law Enforcement Agency for another term of five years, a decision the Council says will further strengthen and consolidate the ongoing effort - [How Umuada Productions Is Transforming African Narratives Through Art and Innovation](https://businesstodayng.com/how-umuada-productions-is-transforming-african-narratives-through-art-and-innovation/) - BY NKECHI NAECHE -ESEZOBOR-Umuada Productions is emerging as one of the boldest new voices in African storytelling, using art, technology, and cultural preservation to reimagine how African narratives are created and shared. With its debut project—Daddy, Don’t Strike the Match, a graphic novel adaptation of Flora Nwapa’s classic work The initiative, led by Angel Okwuosa, - [NEC Approves ₦100bn For Renovation Of Security Agencies’ Training Institutions](https://businesstodayng.com/nec-approves-₦100bn-for-renovation-of-security-agencies-training-institutions/) - The National Economic Council (NEC) has approved the sum of ₦100 billion, subject to a final ratification by President Bola Tinubu, for rehabilitation of training institutions for police and other security agencies in across Nigeria This followed recommendations by the adhoc committee earlier constituted to assess the state of police and security agencies’ training institution - [FEC Approves 2026-2028 MTEF, Projects ₦34trn Revenue](https://businesstodayng.com/fec-approves-2026-2028-mtef-projects-₦34trn-revenue/) - The Federal Executive Council (FEC) has approved the 2026-2028 medium-term expenditure framework (MTEF), outlining Nigeria’s economic outlook, revenue targets, and spending priorities for the next three years. Briefing journalists after the FEC meeting on Wednesday in Abuja, the Minister of Budget and National Planning, Atiku Bagudu, said oil price was pegged at $64 per barrel, - [$35m NCDMB Project: No Report to Show That the Project Has Been Executed... Witness](https://businesstodayng.com/35m-ncdmb-project-no-report-to-show-that-the-project-has-been-executed-witness/) - The trial of Akindele Akintoye, Platforms Capital Investment Partners Limited and Duport Midstream Company Limited continued on Tuesday, December 2, 2025, before Justice Ekerete Akpan of the Federal High Court Abuja, with the Economic and Financial Crimes Commission, EFCC, presenting its fourth witness. Akintoye and the two companies are on trial on a six- count - [Human Trafficking: Nasarawa CP Confirms Rescue of 39 Foreign Nationals From Orange Market](https://businesstodayng.com/human-trafficking-nasarawa-cp-confirms-rescue-of-39-foreign-nationals-from-orange-market/) - The Commissioner of Police Nasarawa State Police Command, Shetima Mohammed-Jauro, has said that the command rescued 39 foreign nationals suspected to be victims of human trafficking. He said that the victims were rescued from Orange Market, Mararaba in Karu Local Government Area of Nasarawa State. Speaking further, he said “On November 30, at about 10:40 - [13Brigade Troops Rescue Four Kidnapped Victims In Bakassi](https://businesstodayng.com/13brigade-troops-rescue-four-kidnapped-victims-in-bakassi/) - Troops of 13 Brigade, Nigerian Army, have successfully rescued four kidnapped victims during a well-coordinated and decisive waterborne operation in Bakassi, Cross River State, on Tuesday, 2 December 2025. According to statement released today via its official X account that “The troops, while on a routine water patrol aimed at denying criminal elements freedom of - [SEC To Launch USSD Service and ISA Audio To Boost Investor Engagement](https://businesstodayng.com/sec-to-launch-ussd-service-and-isa-audio-to-boost-investor-engagement/) - BY NKECHI NAECHE-ESEZOBOR—The Securities and Exchange Commission (SEC) is set to unveil two innovative products: a USSD Service and ISA Audio, designed to democratize information dissemination and enhance investor engagement.According to the Commission, the unveiling will take place at the forthcoming Capital Market Committee Meeting scheduled for December 8 at the Federal Palace Hotel, Victoria - [Experts Clash Over Nigeria’s Economy but Agree On Urgent Need To Address Insecurity](https://businesstodayng.com/experts-clash-over-nigerias-economy-but-agree-on-urgent-need-to-address-insecurity/) - An economist, a policy analyst and a diaspora professional sharply disagreed on the state of Nigeria’s economy but admitted security issues must be resolved during a heated virtual session hosted by the People’s Parliament of the Initiative for Good and Informed Citizenship, which examined President Bola Tinubu’s performance two and a half years into office. - [Senate Confirms Gen. Christopher Musa As Minister Of Defence](https://businesstodayng.com/senate-confirms-gen-christopher-musa-as-minister-of-defence/) - The Senate has confirmed the former Chief of Defence Staff, Gen. Christopher Musa, as the Minister of Defence. The Senate confirmed Musa on Wednesday via a voice vote after a rigorous screening session in which lawmakers asked him many questions. Musa, who retired barely 40 days ago, was nominated by President Bola Tinubu as the - [Nigeria: US Imposes Visa Restrictions On Individuals Linked To Religious Freedom Violations](https://businesstodayng.com/nigeria-us-imposes-visa-restrictions-on-individuals-linked-to-religious-freedom-violations/) - The United States has imposed visa restrictions on individuals believed to be responsible for, or complicit in, major violations of religious freedom in Nigeria. The restriction target those who have directed, authorized, funded, supported, or carried out such violations and may extend to their immediate family members. This move is part of ongoing U.S. efforts - [FGN Offers Two Savings Bonds for Subscription In December](https://businesstodayng.com/fgn-offers-two-savings-bonds-for-subscription-in-december/) - The Federal Government, through the Debt Management Office (DMO), has announced the issuance of two FGN Savings Bonds available for subscription in December 2025 According to DMO, the first offer is a two-year FGN savings bond due on Dec. 10, 2027, at 12.838 per cent interest rate per annum while the second offer is three-year - [NSC Recovers N2.59bn, Saves Shippers N175.8bn Through ADR In 2025](https://businesstodayng.com/nsc-recovers-n2-59bn-saves-shippers-n175-8bn-through-adr-in-2025/) - The Nigerian Shippers’ Council (NSC) said it recovered in excess of N2.59 billion with the help of the Council’s Alternative Dispute Resolution (ADR) in third quarter of 2025. The Council also said it had saved shippers N175.8 billion and more than $30,000 in the second quarter of 2025 through various complaint resolutions initiated by industry - [Central Bank Relaxes Cash Limits Nationwide To Boost Liquidity](https://businesstodayng.com/central-bank-relaxes-cash-limits-nationwide-to-boost-liquidity/) - BY NKECHI NAECHE-ESEZOBOR—The Central Bank of Nigeria (CBN) on Wednesday announced a major relaxation of its cash withdrawal and deposit regulations, effective January 1, 2026, as part of efforts to boost liquidity and ease financial pressures on businesses and individuals amid ongoing economic challenges. In a circular signed by Dr. Rita I. Sike, Director of - [Nigeria Hails Saudi Arabia For Releasing Three Citizens In Fraudulent Luggage Case](https://businesstodayng.com/nigeria-hails-saudi-arabia-for-releasing-three-citizens-in-fraudulent-luggage-case/) - The Federal Government on Wednesday applauded Saudi authorities for releasing three Nigerians arrested in August 2025 at King Abdulaziz International Airport, Jeddah, after investigations revealed that prohibited items linked to their luggage were planted by criminal syndicates. The individuals freed are Abdulhamid Sadieq, Maryam Abdullahi, and Bahijah Abdullahi. In a statement, the Minister of Foreign - [Insecurity: Ekiti Govt Gives Illegal Occupants Seven-Day Ultimatum To Vacate Farmlands](https://businesstodayng.com/insecurity-ekiti-govt-gives-illegal-occupants-seven-day-ultimatum-to-vacate-farmlands/) - OUR REPORTERS—As part of efforts to curb the activities of criminal elements and bandits in the state, the Ekiti State Government has issued a seven-day ultimatum to non-natives allegedly occupying farmland and a border area between Isan Ekiti and Eda Oniyo in Ilejemeje Local Government Area. The government described the immediate evacuation as necessary to - [NGX Launches Commercial Paper Listings To Boost Short-Term Debt Market](https://businesstodayng.com/ngx-launches-commercial-paper-listings-to-boost-short-term-debt-market/) - NKECHI NAECHE-ESEZOBOR—Nigerian Exchange Limited (NGX) has introduced Commercial Paper (CP) listings, following approval from the Securities and Exchange Commission, marking another significant expansion of its product suite in a year defined by accelerated innovation. This development deepens Nigeria’s short-term debt market and reinforces NGX’s role as a versatile hub for capital formation. The new listing - [Alternative Bank Unveils Flagship Effurun Branch, Sets Bold Pace For Delta’s Economic Future](https://businesstodayng.com/alternative-bank-unveils-flagship-effurun-branch-sets-bold-pace-for-deltas-economic-future/) - L-R: Chukwuemeka Agada, Regional Sales Manager, The Alternative Bank; Akanni Owolabi, Regional Head, Edo/Delta, The Alternative Bank; Chief (Dr.) Samuel Eshenake, Secretary, Uvwie Local Government Council; High Chief Hope Akasa (JP), Unuevworo of Uvwie Kingdom, and Hon. Andrew Agagbo, Vice-Chairman, Uvwie Local Government Council, at the launch of The Alternative Bank's branch in Effurun, Delta - [NLC Backs JOHESU, Warns of Wider Action As FG Drags Feet on 2024 MoU](https://businesstodayng.com/nlc-backs-johesu-warns-of-wider-action-as-fg-drags-feet-on-2024-mou/) - The Nigeria Labour Congress (NLC) has thrown its full weight behind the Joint Health Sector Unions (JOHESU) as the body commences an indefinite strike over the Federal Government’s failure to implement the 2024 Memorandum of Understanding (MoU) and other long-standing agreements. Condemning what it described as years of government insincerity and deliberate delays—particularly regarding the - [Shell and Equinor complete formation of Adura, to be the UK’s largest independent North Sea producer](https://businesstodayng.com/shell-and-equinor-complete-formation-of-adura-to-be-the-uks-largest-independent-north-sea-producer/) - Shell U.K. Limited, a subsidiary of Shell plc and Equinor UK Limited, a subsidiary of Equinor ASA have completed a deal to combine their UK offshore oil and gas operations to form a new company. Adura, which launched today, will be the largest independent producer in the UK North Sea. Neil McCulloch, who will lead - [Reps Order Transfer Of ₦30bn Recovered From Social Investment Probe To TSA](https://businesstodayng.com/reps-order-transfer-of-₦30bn-recovered-from-social-investment-probe-to-tsa/) - The House of Representatives has called for the remittance of over N30 billion recovered from the presidential inquiry into the financial infractions on National Social Investment Programme Agency (NSIPA) fund to the Treasury Single Account (TSA). The resolution was arrived at, following a motion of urgent national importance moved by Rep. Saidu Abdullahi (APC-Bida/Gbako/Katcha) in - [Tinubu, NASS, FCT Donate N320m To Nigerian Legion](https://businesstodayng.com/tinubu-nass-fct-donate-n320m-to-nigerian-legion/) - President Bola Tinubu, on Tuesday in Abuja, donated N200 million to the Nigerian Legion, assuring that the government will give more attention to the well-being of the military, injured officers, and the families of fallen heroes. The President of the Senate, Sen. Godswill Akpabio, and the Deputy Speaker of the House of Representatives, Hon. Benjamin - [Mali Recovers $1.2b In Arrears From Miners](https://businesstodayng.com/mali-recovers-1-2b-in-arrears-from-miners/) - AGENCY REPORT—Mali’s Economy and Finance Minister, Alousséni Sanou, said the country recovered 761 billion CFA francs ($1.2 billion) in arrears from mining companies following a sweeping audit. He said the recovery marks one of the country’s biggest clawbacks from its extractive sector. The military-led government launched an audit of the country’s mining sector in early - [AFC raises record US$524m in Dual-Currency Samurai Loan Facility](https://businesstodayng.com/afc-raises-record-us524m-in-dual-currency-samurai-loan-facility/) - JOKE AJIBADE—Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, has closed a landmark US$524 million equivalent dual-currency Samurai term loan facility. The transaction marks AFC’s largest Samurai loan to date and reinforces the Corporation’s growing footprint in Japan’s capital markets amid rising investor confidence in its credit fundamentals. The three-year syndicated facility, comprising - [SanlamAllianz Nigeria Wins .NG Insurance Website Of The Year](https://businesstodayng.com/sanlamallianz-nigeria-wins-ng-insurance-website-of-the-year/) - SanlamAllianz Nigeria's website/portal, www.sanlamallianz.com.ng, has been adjudged winner of the NiRA .NG Awards 2025. Nigeria Internet Registration Association, NiRA, is the registry for .ng Internet Domain Names and maintains the database of names registered in the .ng country code Top Level Domain. NiRA is a Not-for-Profit, Non-Governmental Self-Regulatory body established by the order of the - [BoI Disburses ₦1.27trn, Backs 900,000 Jobs In 2024](https://businesstodayng.com/boi-disburses-₦1-27trn-backs-900000-jobs-in-2024/) - The Bank of Industry (BoI) has disbursed over ₦1.27 trillion to enterprises across 14 sectors in 2024, supporting more than 900,000 jobs. BoI CEO, Dr. Olasupo Olusi, represented by Executive Director Mabel Ndagi, disclosed this at the 10th Nigeria Energy Forum (NEF) virtual session. He said the bank continues to drive industrial growth through affordable - [Otti’s Advance Convoy Ambushed In Imo State](https://businesstodayng.com/ottis-advance-convoy-ambushed-in-imo-state/) - Abia State Governor, Dr. Alex Otti, escaped unhurt after unidentified gunmen opened fire on his advance team in the early hours of Tuesday, December 2, 2025, along the Umuowa–Ihite axis in Imo State. The three-member team was travelling ahead of the governor to the Sam Mbakwe Cargo Airport, Owerri, when the attackers struck shortly before - [Army Nabs Vehicle With Cannabis In Kogi](https://businesstodayng.com/army-nabs-vehicle-with-cannabis-in-kogi/) - Troops of 12 Brigade Nigerian Army have successfully seized a vehicle, conveying substance, suspected to be Cannabis Sativa during its operations in Agbede, Kabba-Bunu Local Government Area of Kogi State. According to statement released by the Acting Assistant Director, Army Public Relations 12 Brigade Nigerian Army Lieutenant Hassan Abdullahi, that 306 parcels weighing 276 kilograms - [Wike Re-Awards 13km Apo–Karshi Road to SCC Nigeria After Sacking Non-Performing Contractor](https://businesstodayng.com/wike-re-awards-13km-apo-karshi-road-to-scc-nigeria-after-sacking-non-performing-contractor/) - New contractor begins work on Apo-Karshi road A new contractor, SCC Nigeria Limited, has begun work on the 13 kilometre Apo-Karshi road, replacing Messrs Kakatar Engineering Limited, which was sacked due to its inability to deliver the project. Speaking after inspection of the work on Monday, Minister of the Federal Capital Territory (FCT), Nyesom Wike - [Anglican Priest Brutalised By Naval Officer In Anambra, Bishop Demands Probe](https://businesstodayng.com/anglican-priest-brutalised-by-naval-officer-in-anambra-bishop-demands-probe/) - The Anglican Bishop of the Diocese of Ogbaru, Rt. Rev. Prosper Amah, has demanded a full investigation into the alleged brutalisation of an Anglican priest by a naval officer at a checkpoint in Anambra State. In a petition addressed to the Chief of Naval Staff and dated December 2, the bishop said the incident occurred - [Tinubu Nominates General Christopher Gwabin Musa As New Minister Of Defence.](https://businesstodayng.com/tinubu-nominates-general-christopher-gwabin-musa-as-new-minister-of-defence/) - NKECHI NAECHE-ESEZOBOR—President Bola Ahmed Tinubu has nominated General Christopher Gwabin Musa as the new Minister of Defence. In a letter to Senate President Godswill Akpabio, President Tinubu conveyed General Musa’s nomination as the successor to Alhaji Mohammed Badaru Abubakar, who resigned on Monday. General Musa, 58, on December 25, is a distinguished soldier who served - [No Media Repression Under Tinubu-FG](https://businesstodayng.com/no-media-repression-under-tinubu-fg/) - The Federal Government has reaffirmed its firm commitment to press freedom, democratic accountability, and the protection of Nigeria’s information space, stating that the administration of President Bola Ahmed Tinubu remains fully aligned with global norms of media independence, according to the Minister of Information and National Orientation, Mohammed Idris. The Minister spoke at the 2025 - [AltBank Drives Economic Growth, Strengthens Trade Systems At NITF 2025](https://businesstodayng.com/altbank-drives-economic-growth-strengthens-trade-systems-at-nitf-2025/) - The Alternative Bank (AltBank) has emphasised its commitment to tailored export-finance solutions for MSMEs in across the health, education, agriculture, renewable energy and transportation value chains. The pledge, which comes on the backdrop of the ongoing Nigeria International Trade Fair 2025, reinforces the Bank’s role as a key driver of economic expansion and a catalyst - [Northern Leaders’ Push  For State Police, Suspension Of Mining Activists  ](https://businesstodayng.com/northern-leaders-push-for-state-police-suspension-of-mining-activists/) - COMMUNIQUÉ ISSUED AFTER THE JOINT MEETING OF THE NORTHERN STATES GOVERNORS' FORUM AND THE NORTHERN TRADITIONAL RULERS' COUNCIL HELD ON MONDAY, 1ST DECEMBER, 2025 AT THE KASHIM IBRAHIM HOUSE, KADUNA The Northern States Governors' Forum and the Northern Traditional Rulers' Council convened a joint meeting today, Monday, 1st December, 2025 at the Council Chamber, Sir - [FG Sets Up Inter-Ministerial Committee to Deliver Reliable Power to Health Facilities Nationwide](https://businesstodayng.com/fg-sets-up-inter-ministerial-committee-to-deliver-reliable-power-to-health-facilities-nationwide/) - The Federal Government inaugurated an Inter-Ministerial Steering Committee (IMSC) for the Nigeria Power-for-Health Initiative (NPHI), a major step towards ending chronic power shortages in the country’s healthcare facilities. The committee, chaired by the Minister of State for Health and Social Welfare, Dr. Iziaq Adekunle Salako, and co-chaired by the Minister of Power, Chief Adebayo Adelabu, - [Nasarawa Police Rescue 40 Foreign Nationals from Human Trafficking Syndicate Lafia](https://businesstodayng.com/nasarawa-police-rescue-40-foreign-nationals-from-human-trafficking-syndicate-lafia/) - The Nasarawa State Police Command has rescued 40 foreign nationals, mostly from Mali and Ivory Coast, who were lured into Nigeria by a human trafficking syndicate with false promises of jobs in France. The victims were intercepted before they could be transported out of the country, police said on Saturday. State Commissioner of Police, Shettima - [Breaking: Nigeria’s Defence Minister Resigns Amid Rising Insecurity](https://businesstodayng.com/breaking-nigerias-defence-minister-resigns-amid-rising-insecurity/) - BY NKECHI NAECHE-ESEZOBOR—Nigeria’s Minister of Defence, Alhaji Mohammed Badaru Abubakar, on Monday tendered his resignation with immediate effect. In a letter dated December 1 and addressed to President Bola Tinubu, Abubakar stated that he was stepping down on health grounds. President Tinubu has accepted the resignation and thanked Abubakar for his services to the nation. - [Nigeria Offers Protection To Guinea-Bissau Presidential Candidate Amid Threats](https://businesstodayng.com/nigeria-offers-protection-to-guinea-bissau-presidential-candidate-amid-threats/) - The Federal Government of Nigeria has granted temporary asylum to Guinea-Bissau’s opposition presidential candidate, Fernando Dia Da Costa, providing him protection within the Nigerian Embassy in Bissau following credible threats to his life. The decision was conveyed in a letter dated November 30, 2025, from Nigeria’s Minister of Foreign Affairs to the President of the - [UCH Resident Doctors Resume Work After Month-Long Strike](https://businesstodayng.com/uch-resident-doctors-resume-work-after-month-long-strike/) - Resident doctors at the University College Hospital (UCH), Ibadan, have resumed work after a month-long nationwide strike. The doctors had been on strike since Nov. 1, following the directives of the Nigerian Association of Resident Doctors (NARD). The NARD directed its members nationwide to embark on an indefinite strike, following the government’s failure to address - [U.S. Embassy Delegation Meets Tinubu's SSA, On Middle Belt Peace Efforts](https://businesstodayng.com/u-s-embassy-delegation-meets-tinubus-ssa-on-middle-belt-peace-efforts/) - The U.S. delegation from the Embassy of the United States of America in Nigeria has expressed strong interest in understanding the underlying drivers of the crisis and support initiatives aimed at mitigating conflict and fostering social harmony in Nigeria. The U.S. delegation led by Deputy Political Counsellor Dianna Palequin, accompanied by the Embassy’s Human Rights - [Shettima Backs Digital Learning Collaboration With Schoolnet India, Learnet Skills](https://businesstodayng.com/shettima-backs-digital-learning-collaboration-with-schoolnet-india-learnet-skills/) - The Vice President, Senator Kashim Shettima, has welcomed the offer by Schoolnet India Ltd & Learnet Skills Ltd to partner with the Nigerian government and private sector entities to implement its KYAN smart class solutions in Nigerian schools. He said the project, which aims to digitally transform education by introducing interactive smart boards and digital - [Strengthen Support for Failed Banks’ Liquidation, NDIC Tells Estate Surveyors](https://businesstodayng.com/strengthen-support-for-failed-banks-liquidation-ndic-tells-estate-surveyors/) - BY JOKE AJIBADE —The Nigeria Deposit Insurance Corporation (NDIC) has urged the Nigerian Institution of Estate Surveyors & Valuers (NIESV) to deepen strategic collaboration to ensure accurate and credible valuation of assets belonging to failed banks—an essential component in effective liquidation and prompt payment to depositors. NDIC Managing Director, Mr. Thompson Oludare Sunday, made the - [LASU Matriculates 14,893, Warns Students Against Cultism](https://businesstodayng.com/lasu-matriculates-14893-warns-students-against-cultism/) - NANCY OBINWANE—The Lagos State University (LASU) on Monday matriculated about 14,893 students. Speaking during the event in Lagos, the Vice-Chancellor of the university, Prof. Ibiyemi Olatunji-Bello, urged the new students to be be respectful, law-abiding and serious with their studies. “It is with great pleasure and appreciation to Almighty God that I welcome everyone to - [Oyebanji Re-Nominates Former Cabinet Members Ahead Of 2026 Ekiti Governorship Election](https://businesstodayng.com/oyebanji-re-nominates-former-cabinet-members-ahead-of-2026-ekiti-governorship-election/) - BY EBERE MADUEKE—Ekiti State Governor, Biodun Oyebanji, has re-nominated all former members of his cabinet—including commissioners and special advisers recently relieved of their positions—for screening by the State House of Assembly. According to a statement, the decision followed consultations with the leadership of the ruling All Progressives Congress (APC) and other key stakeholders. The move - [Alleged $6bn Mambila Fraud: “Obasanjo Promised to Testify When Need Arises” – Witness](https://businesstodayng.com/alleged-6bn-mambila-fraud-obasanjo-promised-to-testify-when-need-arises-witness/) - SUNDAY SAMUEL—A Third Prosecution Witness, PW3, in the ongoing matter of former Minister of Power and Steel, Olu Agunloye, told Justice Jude Onwuegbuzie of the Federal High Court sitting in Apo, Abuja, that former President of Nigeria, Olusegun Obasanjo expressed his desire to make himself available to testify in any court or forum regarding the - [Nigeria’s GDP Growth Hits 3.98% In Q3 2025](https://businesstodayng.com/nigerias-gdp-growth-hits-3-98-in-q3-2025/) - BY NKECHI NAECHE-ESEZOBOR-National Bureau of Statistics (NBS), on Monday said Gross Domestic Product grew by 3.98% (YoY) in real terms in Q3 2025, This growth rate according to NBS is higher than the 3.86% recorded in Q3 2024. This is according to fresh data released by the NBS. The NBS reported wide-ranging progress, emphasizing improvements - [FCT Police Foiled Planned Attack , Neutralizes Notorious Bandits, Recovers Arms](https://businesstodayng.com/fct-police-foiled-planned-attack-neutralizes-notorious-bandits-recovers-arms/) - BY SUNDAY SAMUEL—The FCT Police Command has successfully averted a planned large-scale attack on a community within the Territory, following credible intelligence and a coordinated tactical operation by the Command’s Anti-Kidnapping Unit. This breakthrough follows recent kidnapping incidents recorded in ACO Community, Gwagwalada, and Bwari, which prompted the Commissioner of Police, FCT Command, to direct - [Osun State: Gov Adeleke Imposes 24-Hour Curfew On Igbajo](https://businesstodayng.com/osun-state-gov-adeleke-imposes-24-hour-curfew-on-igbajo/) - [World AIDS Day 2025: Overcoming Disruption, Transforming AIDS Response](https://businesstodayng.com/world-aids-day-2025-overcoming-disruption-transforming-aids-response/) - BY PATIENCE OLAJIDE—Today, in the World Health Organization (WHO) is joining partners and communities around the globe to commemorate World AIDS Day 2025 under the theme “Overcoming disruption, transforming the AIDS response”. There are an estimated 40.8 million people living with HIV (PLHIV) around the world, 610 000 of whom live in the Eastern Mediterranean - [Outstanding Performance Earns Veritas Kapital 2025 PEARL Turnover Growth Award](https://businesstodayng.com/outstanding-performance-earns-veritas-kapital-2025-pearl-turnover-growth-award/) - BY NKECHI NAECHE-ESEZOBOR—Ia remarkable display of corporate excellence, Veritas Kapital Assurance Plc has clinched the prestigious Turnover Growth Award at the 2025 PEARL Awards, a distinguished platform that celebrates outstanding performance among Nigeria’s quoted companies. Renowned for its transparent, data-driven evaluation process, the PEARL Awards assess organizations strictly on measurable financial performance, shareholder value creation, - [Jerry Gana @80: His Dedication to Nation Building, Democratic Consolidation Instructive - Information Minister](https://businesstodayng.com/jerry-gana-80-his-dedication-to-nation-building-democratic-consolidation-instructive-information-minister/) - It is with great pleasure that I join family, friends, colleagues, and well-wishers across Nigeria and beyond in celebrating an exceptional statesman, scholar, and patriot, Professor Jerry Gana,on the occasion of his 80th birthday, and on the momentous launch of his new book, “Jerry Gana, Stewardship and Integrity” Professor Gana’s life story is one of - [Leadway Assurance Join Forces With AGRA, NADF, Verdure Climate To Strengthen Protection For Farmers](https://businesstodayng.com/leadway-assurance-join-forces-with-agra-nadf-verdure-climate-to-strengthen-protection-for-farmers/) - Leadway Assurance, one of Nigeria's leading insurance providers, has once again reinforced its industry leadership, following partnership with Alliance for a Green Revolution in Africa (AGRA), the National Agricultural Development Fund (NADF), and Verdure Climate, to lead a national dialogue on identifying challenges and proffering actionable solutions on agricultural and climate risks in Nigeria. Held - [Presidency Blames Obasanjo for Roots of Nigeria’s Insecurity, Rebukes Call For Foreign Intervention](https://businesstodayng.com/presidency-blames-obasanjo-for-roots-of-nigerias-insecurity-rebukes-call-for-foreign-intervention/) - The Presidency on Sunday said that some of the failures of former President Olusegun Obasanjo’s administration are partly responsible for the insecurity Nigeria faces today. Obasanjo, speaking at an event in Jos, Plateau State, on Friday, had expressed deep concern over Nigeria’s worsening security situation. He suggested that Nigerians have the right to seek foreign - [Bride, Bridesmaids, Eight Others Abducted In Sokoto](https://businesstodayng.com/bride-bridesmaids-eight-others-abducted-in-sokoto/) - A bride-to-be and her bridesmaid have been abducted by suspected bandits in a fresh attack on Chacho village, located in the Wurno Local Government Area of Sokoto State. The incident took place around 1:30 a.m. on Sunday, when armed men stormed the community, abducting the bride, her close friend, and eight other residents. All the - [Pastor, Wife Abducted As Gunmen Attack Church In Kogi](https://businesstodayng.com/pastor-wife-abducted-as-gunmen-attack-church-in-kogi/) - Gunmen have attacked a church in Kogi State, kidnapping a pastor and his wife. The attack on the newly established Cherubim and Seraphim Church in Ejiba, Yagba West Local Government Area, occurred during Sunday service. ‎‎The community was said to have been thrown into chaos after armed bandits launched an attack during the church service. - [Dangote Refinery Targets 1.5bn Litres Of PMS Monthly To Stabilise Fuel Supply](https://businesstodayng.com/dangote-refinery-targets-1-5bn-litres-of-pms-monthly-to-stabilise-fuel-supply/) - BY OUR REPORTER—Dangote Petroleum Refinery has announced plans to supply one billion five hundred million litres of Premium Motor Spirit (PMS) monthly to the Nigerian market in December 2025 and January 2026, a move aimed at ensuring uninterrupted nationwide fuel availability through the festive season and into the New Year. President and Chief Executive of - [ADC Condemns Inclusion Of Ex-INEC Chair Mahmood Yakubu in Ambassadorial List](https://businesstodayng.com/adc-condemns-inclusion-of-ex-inec-chair-mahmood-yakubu-in-ambassadorial-list/) - NKECHI NAECHE-ESEZOBOR—The African Democratic Congress has criticised President Bola Ahmed Tinubu’s ambassadorial lists, describing the it as a settlement list of political IOUs. The party disclosed this in a statement signed by Mallam Bolaji Abdullahi, National Publicity Secretary of the ADC, that it took particular exception to the nomination of Prof. Mahmood Yakubu, the immediate - [Travel Festival By Heirs Insurance Sets New Benchmark For Inclusive Tourism In Africa](https://businesstodayng.com/travel-festival-by-heirs-insurance-sets-new-benchmark-for-inclusive-tourism-in-africa/) - L-R: Ifesinachi Okpagu, Chief Marketing Officer, Heirs Insurance Group; Niyi Onifade, MD/CEO, Heirs Life Assurance; Ambassador Manuel Innocencio de Lacerda Santos Junior, Consul General, Embassy of Brazil in Lagos; H.E. Jose Bamóquina Zau, Angolan Ambassador to Nigeria; Stephanie Busari, Founder/CEO SBB Media; Wole Fayemi, MD/CEO, Heirs General Insurance, and Joe Hanson, Broadcast Journalist, at the - [NAF Destroys Terror Cells in Katsina, Foils ISWAP/Boko Haram Attack in Chibok](https://businesstodayng.com/naf-destroys-terror-cells-in-katsina-foils-iswap-boko-haram-attack-in-chibok/) - The Nigerian Air Force (NAF) has neutralised several terrorist cells in Katsina State and successfully foiled a coordinated ISWAP/Boko Haram attack in Chibok, Borno State. This was disclosed in a statement issued on Sunday in Abuja by the Director of Public Relations and Information, Air Commodore Ehimen Ejodame. Ejodame said the NAF’s latest successes, carried - [EFCC Seizes Malami’s Passport Over Probe Into Missing $490m Abacha Loot](https://businesstodayng.com/efcc-seizes-malamis-passport-over-probe-into-missing-490m-abacha-loot/) - The Economic and Financial Crimes Commission (EFCC) has confiscated the international passport of former Attorney-General of the Federation and Minister of Justice, Abubakar Malami, SAN, as part of an ongoing investigation into the alleged disappearance of a $490 million Abacha loot repatriated through a Mutual Legal Assistance (MLAT) arrangement. According to a source familiar with - [Gov Abiodun Pushes Cultural Tourism As Key Path To Nigeria’s Forex Growth](https://businesstodayng.com/gov-abiodun-pushes-cultural-tourism-as-key-path-to-nigerias-forex-growth/) - Culture, when properly harnessed, has the potential to become a major source of foreign exchange for Nigeria, Ogun State Governor, Prince Dapo Abiodun, has said. Speaking at the 39th Akesan Day Celebration held at Christ Apostolic Church Grammar School, Iperu-Remo, Ikenne Local Government Area of the state, the governor noted that many countries across the - [Sahara Group Boosts Reforestation Efforts with Gelegele Forest Reserve Partnership](https://businesstodayng.com/sahara-group-boosts-reforestation-efforts-with-gelegele-forest-reserve-partnership/) - Sahara Group has expanded its environmental sustainability agenda through a strategic partnership between its flagship Adopt-A-Forest Initiative and the Gelegele Forest Reserve in Edo State, Nigeria. The collaboration, which kicks off with the planting of 20,000 tree seedlings, is aimed at regenerating degraded areas of the reserve and reinforcing Sahara’s long-term commitment to nature-based climate - [SERAP Drags Akpabio, Abbas to Court for Not Accounting for ₦18.6bn NASS Complex Payments](https://businesstodayng.com/serap-drags-akpabio-abbas-to-court-for-not-accounting-for-₦18-6bn-nass-complex-payments/) - Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Senate President, Mr Godswill Akpabio and Speaker of House of Representatives, Mr Tajudeen Abbas over “the failure to account for the missing N18.6 billion meant for the construction of the National Assembly Service Commission (NASC) Office Complex.” Mr Akpabio and Mr Abbas are - [Nigeria: Troops Of 3 Brigade Rescue 7 Kidnapped Victim’s In Tsanyawa](https://businesstodayng.com/nigeria-troops-of-3-brigade-rescue-7-kidnapped-victims-in-tsanyawa/) - BY SUNDAY SAMUEL— Gallant troops of Operation MESA comprising personnel of 3 Brigade Nigerian Army in conjunction with the Nigerian Air Force and Nigerian Police have successfully rescued 7 victims from the bandits who had already killed a 60-year-old woman in the area. According to to statement posted via its official X account, that while - [Police Nabs Notorious Members Of “Sai Malam” Cult Group In Sokoto](https://businesstodayng.com/police-nabs-notorious-members-of-sai-malam-cult-group-in-sokoto/) - BY SUNDAY SAMUEL—The Sokoto State Police Command has intensified its clampdown on a syndicate tied to the notorious “Sai Malam” cult, arresting three members in a coordinated Friday night raid led by the Anti-Kidnapping Unit. This breakthrough follows growing public concern over the cult’s expanding influence across parts of the state. In a statement, the - [Tinubu Vows to Safeguard Nigeria, Hails Audu’s Contributions](https://businesstodayng.com/tinubu-vows-to-safeguard-nation-hails-audus-contributions/) - BY NKECHI NAECHE-ESEZOBOR—President Bola Ahmed Tinubu has reaffirmed that restoring peace, strengthening national security, and expanding economic opportunity remain the top priorities of his administration. Representing the President at the memorial of former Kogi State Governor, Prince Abubakar Audu in Lokoja on Sunday, the Minister of Information and National Orientation, Mohammed Idris, stated that government - [Lagos Police Identify Officer Who Clashed With Bus Conductor In Viral Video Reacts, Begins Investigation](https://businesstodayng.com/lagos-police-identify-officer-who-clashed-with-bus-conductor-in-viral-video-reacts-begins-investigation/) - BY SUNDAY SAMUEL—The Lagos State Police Command on Sunday said it has identified the Police Officer in a video currently circulating on social media involving a police officer in the process of subduing a violent bus conductor of a commercial bus in order to effect his arrest for an offence of obstruction of Public Officials, - [Fidelity Bank, FMDQ, UBA, CSCS For CAMCAN 2025 Workshop](https://businesstodayng.com/fidelity-bank-fmdq-uba-cscs-for-camcan-2025-workshop/) - The Capital Market Correspondents Association of Nigeria (CAMCAN) has concluded plans to host its 2025 annual workshop, a key engagement platform designed to deepen dialogue and strengthen policy direction across Nigeria’s capital market and the wider economy. The workshop scheduled for December 6 and 7, 2025, at Orchid Hotels, Ajah, Lagos, will focus on the - [SEC Vows Intensified Collaboration To Prosecute Ponzi Scheme Perpetrators](https://businesstodayng.com/sec-vows-intensified-collaboration-to-prosecute-ponzi-scheme-perpetrators/) - The Securities and Exchange Commission (SEC) has reaffirmed commitment to strengthen inter-agency collaborations to identify and prosecute the promoters of Ponzi schemes in line with the Investments and Securities Act (ISA) 2025. The Divisional Head, Legal and Enforcement, SEC, Mr John Achile, said this at the commission's Journalists' Academy 2025 in Lagos. Achille said the - [NDLEA Intercepts Illicit Drugs Packaged As Christmas Cookies, Arrests Distributors In Lagos](https://businesstodayng.com/ndlea-intercepts-illicit-drugs-packaged-as-christmas-cookies-arrests-distributors-in-lagos/) - BY SUNDAY SAMUEL—Operatives of the National Drug Law Enforcement Agency (NDLEA) have uncovered and dismantled a social media network used to distribute illicit substances packaged as imported Christmas cookies and snacks with two masterminds arrested and taken into custody after a raid on their hideout in Lekki area of Lagos. The drug syndicate run by - [NDLEA Uncovers Drug Concealed In Teddy Bear Imported From Thailand, Arrest Drug Kingpin Philip Ucheka](https://businesstodayng.com/ndlea-uncovers-drug-concealed-in-teddy-bear-imported-from-thailand-arrest-drug-kingpin-philip-ucheka/) - BY SUNDAY SAMUEL—Operatives of the National Drug Law Enforcement Agency (NDLEA) at a courier company in Lagos, uncovered 100grams of Loud concealed in teddy bear imported from Thailand. Also the agency intercepted a consignment of 548 capsules of tramadol hidden in bottles of Vitamin C and Magnesium going to the United Kingdom were recovered at - [Kebbi: Three NIS Officers Killed At Border Checkpoint](https://businesstodayng.com/kebbi-three-nis-officers-killed-at-border-checkpoint/) - The Nigeria Immigration Service (NIS) has frowned at the deadly attack carried out by unidentified armed men on the Bakin Ruwa Checkpoint, under the TUGA Border Patrol Formation in Kebbi State. According to statement released by ACI A.S. Akinlabi, the NIS Public Relations Officer, the Comptroller-General of Immigration, K.N. Nandap, said the attack occurred on - [FULL LIST: Tinubu Appoints Ex-INEC Chair Yakubu, Fani-Kayode, Reno Omokri, 29 Others As Ambassadors](https://businesstodayng.com/tinubu-appoints-ex-inec-chair-yakubu-fani-kayode-reno-omokri-29-others-as-ambassadors/) - President Bola Ahmed Tinubu has sent the names of 32 ambassadorial nominees to the Senate for confirmation, days after he sent the first batch of three names. In two separate letters to the Senate President, Godswill Akpabio, President Tinubu asked the Senate to consider and confirm expeditiously 15 nominees as career ambassadors and 17 nominees - [Ambassadorial List: PDP Says Tinubu’s Nominees Reflect ‘Integrity Deficit’ and Poor Governance Standards](https://businesstodayng.com/pdp-faults-tinubus-ambassadorial-list-questions-mahmood-yakubus-inclusion/) - The Peoples Democratic Party (PDP), has criticised President Bola Tinubu’s newly released list of ambassadorial nominees, raising particular concern over the inclusion of the immediate past Chairman of the Independent National Electoral Commission (INEC), Mahmood Yakubu. According to a statement issued by its spokesperson, Ini Ememobong, the PDP described the list of 32 nominees as - [Cornerstone Insurance Announces Exit Of Independent Director](https://businesstodayng.com/cornerstone-insurance-announces-exit-of-independent/) - BY NKECHI NAECHE-ESEZOBOR—In compliance with the Rules of Nigerian Exchange Limited (NGX) for listed companies, Cornerstone Insurance Plc has announced the expiration of the tenure of its Independent Director, Ms. Elizabeth Amadiume This is contained in a notice to the Exchange, that her exit aligns with the nine-year maximum tenure limit for Independent Non-Executive Directors, - [Sovereign Trust Insurance PLC Set for N5bn Capital Injection Following Board Approval](https://businesstodayng.com/sovereign-trust-insurance-plc-set-for-n5bn-capital-injection-following-board-approval/) - BY NKECHI NAECHE-ESEZOBOR—Board of Directors of Sovereign Trust has approved an initial capital raise of N5 billion through a Rights Issue. This according to statement released on the Exchange, represents a strategic first step in the Company's phased recapitalisation agenda, undertaken in alignment with the requirements of the Nigerian Insurance Industry Reform Act (NIIRA, The - [First HoldCo Plc Concludes Sale Of 100% Stake In FBNQuest Merchant Bank to EverQuest](https://businesstodayng.com/first-holdco-plc-concludes-sale-of-100-stake-in-fbnquest-merchant-bank-to-everquest/) - BY NKECHI NAECHE-ESEZOBOR—First HoldCo Plc at the weekend said it has successfully completed the full divestment of its 100% ownership in FBNQuest Merchant Bank Limited to EverQuest Acquisition. According to statement released on Nigerian Exchange to dealing members and investors by the holding company that”This transaction has been finalized after obtaining all necessary regulatory approvals - [VFG Group Extends Rights Issue To 26 December 2025](https://businesstodayng.com/vfg-group-extends-rights-issue-to-26-december-2025/) - NKECHI NAECHE-ESEZOBOR—VFD Group PLC has announced that the Securities and Exchange Commission (SEC) has approved an extension of its ongoing ₦50,673,964,000.00 Rights Issue. The offer will now remain open until 26 December 2025. The extension follows strong investor uptake and a steady acceleration in participation across all categories of qualified shareholders, including retail investors, institutional - [Cardiovascular Diseases in Nigeria: Addressing Key Drivers, Prevention Strategies, and Biomedical Research Priorities for National Action](https://businesstodayng.com/cardiovascular-diseases-in-nigeria-addressing-key-drivers-prevention-strategies-and-biomedical-research-priorities-for-national-action/) - Cardiovascular diseases (CVDs) have emerged as a growing epidemic in Nigeria, accounting for an estimated 10% mortality rates annually according to the WHO Global Health Estimates and rising gradually as infectious diseases and non-communicable diseases (NCDs) expand. As of 2025, several modifiable risk factors, including rapid urbanization, socioeconomic shifts, and lifestyle factors, have played a - [Army Approve Promotion Of Senior Officers To Strengthen National Security Command Structure](https://businesstodayng.com/army-approve-promotion-of-senior-officers-to-strengthen-national-security-command-structure/) - The Army Council has approved the promotion of senior officers of the Nigerian Army to the next ranks of Major General and Brigadier General. A total of 28 Brigadier Generals have been elevated to the rank of Major General, while 77 Colonels have also been promoted to the rank of Brigadier General. Those promoted to - [Sovereign Trust Insurance Announces  Exit Of Three Directors ](https://businesstodayng.com/sovereign-trust-insurance-announces-exit-of-three-directors/) - BY NKECHI NAECHE-ESEZOBOR—Sovereign Trust Insurance Plc, has announced the retirement of Ms. Emi Faloughi, a Non-Executive Director and Mrs. Ugochi Odemelam, Executive Director from the board of the company. The company also announced the resignation of Mr. Emmanuel Anikibe, as Executive Director from the company. The insurer disclosed this in a notice to the NGX, - [FCTA Begins Enforcement Actions On 1,095 Property Titles Revoked Over Non-Payment Of Ground Rent, Land Use Conversion Fee](https://businesstodayng.com/fcta-begins-enforcement-actions-on-1095-property-titles-revoked-over-non-payment-of-ground-rent-land-use-conversion-fee/) - The Federal Capital Territory Administration (FCTA) has commenced enforcement actions on a total of 1,095 property titles in the Federal Capital Territory (FCT) that were revoked over non-payment of Ground Rent, Certificate of Occupancy (C-OF-O) bill and Penalty/Violation fee and Land Use Conversion fee. The 1,095 are property titles in Asokoro, Maitama, Garki and Wuse - [EFCC Trains Officers On Insurance Fraud Investigation](https://businesstodayng.com/efcc-trains-officers-on-insurance-fraud-investigation/) - BY NKECHI NAECHE-ESEZOBOR—In a bid to strengthening the integrity of Nigeria's insurance sector, Economic and Financial Crimes Commission, EFCC has concluded a three-day training course on insurance-related fraud prevention, detection and investigation for its senior officers at the EFCC Port Harcourt Zonal Directorate, Rivers State. The training, held between November 24 and 26, 2025, underscores - [Tinubu Approves National Tax Policy Implementation Committee To Drive Fiscal Reforms](https://businesstodayng.com/tinubu-approves-national-tax-policy-implementation-committee-to-drive-fiscal-reforms/) - President Bola Ahmed Tinubu has approved the establishment of the National Tax Policy Implementation Committee (NTPIC). The committee, which Mr Joseph Tegbe chairs, will ensure the implementation of the administration's landmark tax reforms in line with the economic aspirations of the government and the people of Nigeria. Minister of Finance and Coordinating Minister of the - [Arab–African Trade Projected To Grow By $37bn, As Edun Calls For Stronger Collaboration](https://businesstodayng.com/arab-african-trade-projected-to-grow-by-37bn-as-edun-calls-for-stronger-collaboration/) - BY NKECHI NAECHE-ESEZOBOR The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has called for deeper trade collaboration between African and Arab Nations, stressing the importance of value-added Agribusiness and industrial partnerships for regional growth. Speaking in Abuja at the Agribusiness Matchmaking Forum ahead of the AATB Board of - [Continental Re’s CEO Roundtable Gets NAICOM Backing As Industry Pushes For Stronger Capital Base](https://businesstodayng.com/continental-res-ceo-roundtable-gets-naicom-backing-as-industry-pushes-for-stronger-capital-base/) - BY NKECHI NAECHE-ESEZOBOR—The National Insurance Commission (NAICOM) has commended Continental Reinsurance Plc for convening the 2025 CEO Roundtable themed “Recapitalization & Beyond: Rethinking Risk, Capacity and Collaboration for a Resilient Insurance Sector,” describing the forum as timely and vital to the industry’s transformation. The event which took place in Lagos on Wednesday drew a large - [CSCS Launches T+2 Settlement Cycle, Marking Major Leap in Nigeria’s Capital Market Efficiency](https://businesstodayng.com/cscs-launches-t2-settlement-cycle-marking-major-leap-in-nigerias-capital-market-efficiency/) - BY NKECHI NAECHE-ESEZOBOR—The Central Securities Clearing System Plc (CSCS), Nigeria’s premier capital market infrastructure, is pleased to announce the official go-live of the T+2 settlement cycle in the Nigerian capital market, effective today, Friday, 28 November 2025. This transition from the long-standing T+3 cycle represents a significant milestone in the ongoing modernisation of Nigeria’s post-trade - [CBN Policy Shift Sparks 2.6% Rise in Private Sector Credit In October](https://businesstodayng.com/cbn-policy-shift-sparks-2-6-rise-in-private-sector-credit-in-october/) - BY NKECHI NAECHE -ESEZOBOR—Nigeria’s credit to the private sector appreciated in October, according to data released by the Centra Bank of Nigeria, ( CBN). The data shows that Private Sector Credit Extension (PSCE) went up by 2.6% to ₦74.41 trillion in October, up from ₦72.53 trillion in September—an 18-month low. The rise in credit occurred - [Akpabio Calms Protests, Promises Swift CPS Exit](https://businesstodayng.com/akpabio-calms-protests-promises-swift-cps-exit/) - BY NKECHI NAECHE-ESEZOBOR—Nigeria’s Senate President Godswill Akpabio, has assured protesting retired police officers that their long-standing push to exit the Contributory Pension Scheme (CPS) was close to being resolved. His assurance came just hours after dozens of retired officers staged yet another protest at the Assembly complex, accusing senators of stalling concurrence with the House - [UPDATE: EFCC Arraigns Archbishop Angel Oyeghe For Naira Abuse](https://businesstodayng.com/update-efcc-arraigns-archbishop-angel-oyeghe-for-naira-abuse/) - The Benin Zonal Directorate of the Economic and Financial Crimes Commission on Thursday arraigned Archbishop Angel Oyeghe before Justice Hyeladzira Ajiya Ngangjiwa of the Federal High Court sitting in Warri, Delta State. Archbishop Oyeghe who is the founder of Faith Healing Ministry was arraigned on a two count charge bordering on conspiracy and naira abuse - [‘No Excuses’: Tunji-Ojo Confronts Fire Officer Over Faulty Fire Trucks](https://businesstodayng.com/no-excuses-tunji-ojo-confronts-fire-officer-over-faulty-fire-trucks/) - The Minister of Interior, Olubunmi Tunji-Ojo, on Thursday engaged in a heated exchange with a Fire Service officer during an unscheduled inspection of agencies under the ministry in Abuja. The confrontation stemmed from what the minister described as the officer’s unprofessional conduct and negligence regarding the condition of fire trucks and other firefighting equipment. Tunji-Ojo - [Photo News: El-Rufai officially joins ADC](https://businesstodayng.com/photo-news-el-rufai-officially-joins-adc/) - [BREAKING: President Tinubu Declares Nationwide Security Emergency](https://businesstodayng.com/breaking-president-tinubu-declares-nationwide-security-emergency/) - President Bola Tinubu on Wednesday declared nationwide security emergency and order additional recruitment into the Armed Forces. The President also directed the Police and the army to recruit more personnel. The police will recruit an additional 20,000 officers, bringing the total to 50,000. According to statement released by Bayo Onanuga, special adviser on information and - [Cut Down NASS Operations To Increase Funding For Security, Ndume Tells FG](https://businesstodayng.com/cut-down-nass-operations-to-increase-funding-for-security-ndume-tells-fg/) - Speaking on Channels Television’s Politics Today on Thursday, Ndume suggested that lawmakers could meet less frequently, such as on a quarterly basis, with compensation reflecting the adjusted sitting schedule. He argued that Nigeria should reduce spending on areas that do not significantly benefit the majority of citizens and focus instead on ensuring public safety. “Urgently, - [Gunmen Kill Lady Recording Assault on Chris Ngige’s Convoy](https://businesstodayng.com/gunmen-kill-lady-recording-assault-on-chris-ngiges-convoy/) - A yet-to-be-identified woman has been confirmed dead after gunmen attacked the convoy of former Anambra State Governor and ex-Minister of Labour, Dr. Chris Ngige. According to a statement issued by Ngige’s former spokesman, Fred Chukwulobe, the attack occurred on Wednesday along the Nkpor–Nnobi Road in Idemili North Local Government Area of Anambra State. Although Ngige - [Senate Approves Omidiran As Chairman, 37 others as commissioners of FCC+ Full List](https://businesstodayng.com/senate-approves-omidiran-as-chairman-37-others-as-commissioners-of-fcc-full-list/) - Hon. Ayo Hulayat Omidiran on Thursday confirmed as the Executive Chairman of the Federal Character Commission (FCC) by the Nigerian Senate. Aside, Omidiran confirmation, the Upper Chamber also approved the nomination of 37 other nominees for appointment as national commissioners of the FCC representing the 36 states of the Federation and the FCT. The resolution - [Terrorism Act Passes First Reading In Senate](https://businesstodayng.com/terrorism-act-passes-first-reading-in-senate/) - The Terrorism (Prevention and Prohibition) Bill Act passed first reading in the Nigerian Senate during a plenary session on Thursday. The bill sponsored by the Senate Leader, Opeyemi Bamidele, followed resolutions reached just 24 hours earlier when senators, during a heated debate on national insecurity, agreed on the need to classify kidnapping as terrorism punishable - [Senate Sets Up Committee To Investigate Implementation Of Safe School Initiative](https://businesstodayng.com/senate-sets-up-committee-to-investigate-implementation-of-safe-school-initiative/) - The Nigerian Senate on Thursday set up an 18-member ad hoc committee to investigate the implementation of the Safe School Initiative, appointing Senator Orji Kalu as Chairman. Other members of the committee include Senators Tony Nwoye, Yemi Adaramodu, Harry Ipalibo, Ede Dafinone, Mustapha Saliu, Diket Plang, Binus Yaroe, Kaka Shehu, and Musa Garba Maidoki, among - [IGP Confirms withdrawal of Police officers from VIPs](https://businesstodayng.com/igp-confirms-withdrawal-of-police-officers-from-vips/) - The Inspector-General of Police, Olukayode Egbetokun on Thursday confirmed the removal of Police officers assigned to Very Important Personalities across the country. Egbetokun, who confirmed the development while speaking in a meeting with senior police officers in Abuja on Thursday, added that the Presidential order given ensured ease when implementing the removal. Nigerian police chief, - [Lifeline For Cancer Patients Of Abuja Hospital As NNPC JV Gifts $300,000 To Sustain Their Treatment](https://businesstodayng.com/lifeline-for-cancer-patients-of-abuja-hospital-as-nnpc-jv-gifts-300000-to-sustain-their-treatment/) - A major lifeline has come the way of cancer patients in Abuja as the NNPC/Renaissance Joint Venture donated $300,000 to them at the National Hospital, Abuja, to sustain the maintenance of its advanced cancer treatment machine. The Coordinating Minister of Health and Social Welfare, Prof Muhammad Ali Pate, who announced the funding in his office, - [Lagos Doctors Seek Coordinated Action To End Menace Of No Bed Crisis In State Hospitals](https://businesstodayng.com/lagos-doctors-seek-coordinated-action-to-end-menace-of-no-bed-crisis-in-state-hospitals/) - Medical doctors in Lagos State under the umbrella of the Medical Guild on Wednesday called for a coordinated and system-wide response to the persistent “no bed” challenge that continues to hinder timely patient care across medical facilities in the state. The Chairman of the Medical Guild, Dr. Moruf AbdulSalam, who stated this while speaking at - [Police Confirm Abduction Of 10 Farmers In Niger State](https://businesstodayng.com/police-confirm-abduction-of-10-farmers-in-niger-state/) - The Niger State Police Command has confirmed the abduction of farmers by armed bandits in Unguwan-Kawo, Erena Ward of Shiroro Local Government Area. This clarification comes after earlier local reports suggested that as many as 20 farmers, including pregnant women and children, had been kidnapped. The Niger State Police Command Public Relations Officer, Wasiu Abiodun, - [Gunmen Invade Niger Community, Abduct 24 Farmers, Mutilate Blind Man](https://businesstodayng.com/gunmen-invade-niger-community-abduct-24-farmers-mutilate-blind-man/) - Gunmen on Thursday invaded Palaita community, Erena Ward, Shiroro Local Government Area of Niger State, abducting 24 people, including pregnant women, from a rice farm. It was gathered that the assailants struck at about 2:00pm on Wednesday while residents were harvesting their crops. Despite Palaita being only five kilometres from a military base in Erena, - [Nigeria’s Underserved Gain Boost As AIICO Insurance Launches All-in-One Financial Protection Plan](https://businesstodayng.com/nigerias-underserved-gain-boost-as-aiico-insurance-launches-all-in-one-financial-protection-plan/) - AIICO Insurance Plc has officially launched its groundbreaking product, AIICO All-in-One Financial Protection, a bundled insurance solution designed to address the longstanding financial vulnerabilities faced by Nigeria’s smallholder farmers, rural families, and underserved populations. The unveiling took place today in Lagos, following an extensive countrywide engagement tour across Ibadan, Kano, and Calabar. For decades, millions - [Woman Found Dead In Ondo Hotel, Companion Flees](https://businesstodayng.com/58789-2/) - Following the death of a yet-to-be-identified woman found in a hotel room in Ore, Odigbo Local Government Area of Ondo State, the state Police Command has launched an investigation into the matter. The woman’s lifeless body was reportedly discovered on Wednesday inside the facility located along the Ore–Okitipupa Road, while the man who checked into - [Lagos Busts Illegal Oil Bunkering Operation, Arrests 27 Suspects with Counterfeit Naira Notes](https://businesstodayng.com/lagos-busts-illegal-oil-bunkering-operation-arrests-27-suspects-with-counterfeit-naira-notes/) - Operatives of the Lagos Environmental Sanitation Corps (LAGESC), popularly known as KAI, have uncovered a clandestine oil bunkering operation in the state and arrested 27 suspects allegedly found with counterfeit naira notes during a recent enforcement exercise. The Corps Marshal, Major Olaniyi Olatunbosun Cole (rtd.), announced the breakthrough at the agency’s headquarters in Bolade, Oshodi, - [Nigeria Condemns Coup In Guinea-Bissau, Demands Restoration Of Constitutional Order](https://businesstodayng.com/nigeria-condemns-coup-in-guinea-bissau-demands-restoration-of-constitutional-order/) - The Nigerian government on Thursday condemned the coup in Guinea-Bissau, demanding the restoration of democratic order in the country. The Federal Ministry of Foreign Affairs, which stated this through a statement issued on Thursday by it’s spokesperson, Kimiebi Ebienfa,, said it was dismayed by the incident, and described the military takeover of power in Guinea-Bissau - [Court Stops EFCC Witnesses From Testifying Against Emefiele](https://businesstodayng.com/court-stops-efcc-witnesses-from-testifying-against-emefiele/) - At the resumed hearing of ongoing trial of former Central Bank of Nigerian(CBN) governor, Godwin Emefiele at Abuja Federal High Court on Thursday, the presiding judge, Justice Hamza Muazu stopped the prosecution from calling three subpoenaed witnesses to testify in the ongoing trial of Godwin Emefiele. Emefiele, is being prosecuted by the Office of the - [Edo Police Arrest Two Teenage Girls With Gun](https://businesstodayng.com/edo-police-arrest-two-teenage-girls-with-gun/) - Edo State Police Command on Monday confirmed that it operatives from Uromi Division have arrested two teenage girls, Believe Ehinor (18) and Ofoma Sofia (19), for being in possession of an automatic pump-action shotgun, with Breach No. 0230. The female suspects were intercepted and arrested at about 11.30 pm on Tuesday, November 25, 2025. Five - [Just In: FG Confirms Jonathan safe, out of Guinea-Bissau](https://businesstodayng.com/just-in-fg-confirms-jonathan-safe-out-of-guinea-bissau/) - The Federal Government, through the Ministry of Foreign Affairs on Thursday confirmed that former President of Nigeria, Goodluck Ebele Jonathan has been safely removed from Guinea-Bissau amid the ongoing leadership turmoil. Recall that Jonathan travelled to Bissau as part of an international team to observe the national elections. He, however, got stuck in the country - [Guinea Insurance Delivers Positive Investment Cash Flow, Up Revenue To ₦2.14bn In Nine Month 2025](https://businesstodayng.com/guinea-insurance-delivers-positive-investment-cash-flow-up-revenue-to-₦2-14bn-in-nine-month-2025/) - BY NKECHI NAECH-ESEZOBOR—Guinea Insurance PLC has released its financial summary for the third quarter ended 30 September 2025, reporting a stronger balance sheet driven by growth in shareholder equity. According to the filing on the Nigerian Exchange (NGX), insurance revenue rose by 5%, increasing from ₦2.04 billion in 2024 to for the nine-month period of - [Senate Dissolves Air Force, National Security Committees With Immediate Effect, Orders Briefings Within One Week](https://businesstodayng.com/senate-dissolves-air-force-national-security-committees-with-immediate-effect-orders-briefings-within-one-week/) - The Senate on Wednesday dissolved its standing committees on Air Force, national security and intelligence with immediate effect, just as it also ordered that new committees would be reconstituted within one week. The decision came after the Senate Leader, Senator Opeyemi Bamidele, expressed dissatisfaction with the committees’ oversight performance so far. It further directed chairmen - [Tinubu Appoints Gov. Hope Uzodimma As Renewed Hope Ambassador](https://businesstodayng.com/tinubu-appoints-gov-hope-uzodimma-as-renewed-hope-ambassador/) - Ahead of the national launch of the Federal Government's Ward Development Programme, President Bola Ahmed Tinubu has appointed Governor Hope Uzodimma of Imo State as the Renewed Hope Ambassador. In his role as ambassador, he will double as the Director-General for Party Outreach, Engagement and Mobilisation. With the appointment, which takes immediate effect, Governor Uzodimma - [DSS Witness Says FG Never Appointed Tukur Mamu to Negotiate With Train Attack Terrorists](https://businesstodayng.com/dss-witness-says-fg-never-appointed-tukur-mamu-to-negotiate-with-train-attack-terrorists/) - A witness from the Department of State Services (DSS) on Wednesday testified before Federal High Court in Abuja presided over by Justice Mohammed Garba Umar that Tukur Mamu, who is on trial for allegedly funding terrorism, was never appointed by the federal government to negotiate with terrorists responsible for the attack on the Abuja-Kaduna train - [Delta Gov Presents N1.664trn Budget To Assembly](https://businesstodayng.com/delta-gov-presents-n1-664trn-budget-to-assembly/) - Delta State Governor, Sheriff Oborevwori, on Wednesday announced a budget proposal of N1.664 trillion for its services in the 2026 fiscal year. The amount is made up of N499 billion, representing 30% of the total budget for recurrent expenditure, and N1.165 trillion, representing 70% of the total budget for capital expenditure. The 2026 budget size - [Tinubu Sends List Of Three Ambassadorial Nominees To Senate For Confirmation](https://businesstodayng.com/tinubu-sends-list-of-three-ambassadorial-nominees-to-senate-for-confirmation/) - President Bola Tinubu on Wednesday forwarded the names of three non-career ambassadorial nominees to the Senate for confirmation. The nominees are Kayode Aare (Ogun State), Aminu Dalhatu (Jigawa State), and Ayodele Oke (Oyo State). The letter was read during plenary by the Senate President, Godswill Akpabio. Akpabio has, therefore, directed the Senate Committee on Foreign - [Senate Recommends Death Penalty For Kidnappers](https://businesstodayng.com/senate-recommends-death-penalty-for-kidnappers/) - The Senate on Wednesday, during plenary session, passed a resolution classifying kidnapping as an act of terrorism, stipulating that an amendment to the Terrorism Act be made to impose the maximum penalty of death. According to the upper legislative arm, under the new law, once a kidnapping conviction is established, the death penalty must be - [NNPC/Heirs Energies Drives Domestic Gas Growth with 135m Per Day Production Increase](https://businesstodayng.com/oml17-nnpc-heirs-energies-boosts-domestic-gas-supply-by-135m-per-day/) - In what is considered as a breakthrough in Nigerian oil sector, The NNPC/Heirs Energies OML 17 Joint Venture (JV) disclosed that it has achieved a production boost, contributing additional 135million standard cubic feet per day (MMscf/d) to the domestic gas supply, while strengthening the nation’s energy security. The Head Corporate Communications Heirs Energies, Chidimma Ugbojiaku, - [Security Outfits Foil Kidnap Attempt On Schoolchildren In Kogi, Kill Two](https://businesstodayng.com/security-outfits-foil-kidnap-attempt-on-schoolchildren-in-kogi-kill-two/) - Security operatives have killed two kidnappers who attempted attack on Kiri High School in Aiyetoro Kiri, located in Kabba-Bunu Local Government Area of kogi State. It was gathered that the suspected bandits stormed the school in the early hours of Wednesday in what authorities say was an attempt to kidnap schoolchildren. According to reports, - [](https://businesstodayng.com/58739-2/) - On the directive of the Minister of State for Defence, Bello Matawalle, Nigerian Military on Tuesday night handed over 24 students of Government Girls Comprehensive Secondary School (GGCSS) Maga, who were abducted by bandits and later rescued, have been formally handed over to Kebbi State Governor Nasir Idris. The handover took place on Tuesday night - [Tinubu Approves N50bn Presidential Seed Fund To Boost Food Security](https://businesstodayng.com/tinubu-approves-n50bn-presidential-seed-fund-to-boost-food-security/) - In what is described as a major financial instrument designed to transform Nigeria’s seed industry and strengthen national food security, President Bola Tinubu on Wednesday approved the establishment of a N50 billion Presidential Catalytic Seed Fund. Vice President Kashim Shettima , made this disclosur eon Wednesday in Abuja during the opening ceremony of the 8th - [Insecurity: FG Bans Open Grazing, Launches Livestock Devt Council](https://businesstodayng.com/insecurity-fg-bans-open-grazing-launches-livestock-devt-council/) - The Federal Government has banned open grazing by cattle rearers as part of efforts to curb the persistent farmers-herders conflicts across the country. The announcement was made on Tuesday by the Minister of Livestock Development, Alhaji Mukhtar Maiha, during the inauguration of the 1st National Council on Livestock Development in Yola, Adamawa State. The minister - [Manufacturers Press For Interest Rate Cut After MPC Retains 27% Benchmark](https://businesstodayng.com/manufacturers-press-for-interest-rate-cut-after-mpc-retains-27-benchmark/) - Following the high cost of borrowing continues to hinder production and weaken competitiveness in the real sector,the Manufacturers Association of Nigeria (MAN) on Wednesday called on the Central Bank of Nigeria (CBN) to further reduce interest rates. This is on the heels of the Monetary Policy Committee meeting held on November 24 and 25, where - [Atiku To FG- Abducted Kebbi Schoolgirls’ Release Not a Victory](https://businesstodayng.com/atiku-to-fg-abducted-kebbi-schoolgirls-release-not-a-victory/) - Former Vice President Atiku Abubakar on Wednesday lambasted the Federal Government over the release of abducted schoolgirls in Kebbi State, saying their freedom should not be presented as an achievement but as evidence of Nigeria’s worsening security environment. Atiku, through a statement issued by his media office on Wednesday, said the return of the schoolgirls - [Why We Stopped Egungun Festival In Lagos Community-Police](https://businesstodayng.com/why-we-stopped-egungun-festival-in-lagos-community-police/) - The Lagos State Police Command on Wednesday gave reason why it ordered the suspension of an Egungun festival in Oregun area of the state, earlier fixed for Friday and Saturday. The command has also arrested suspects linked to the circulation of posters and social media posts warning residents against free movement in the area during - [UNAID Says Nigeria Records 55% Drop In Condom Distribution](https://businesstodayng.com/unaid-says-nigeria-records-55-drop-in-condom-distribution/) - The Joint United Nations Programme on HIV/AIDS on Tuesday disclosed that condom distribution in Nigeria fell by 55 per cent over the past year. UNAID Executive Director , Winnie Byanyima, who made this disclosure during the launching of its 2025 World AIDS Day report, Overcoming Disruption, Transforming the AIDS Response, on Tuesday, warned that the - [NAICOM Urges Insurers To Build Capacity Beyond Capital At Continental Re CEOs Roundtable](https://businesstodayng.com/cfi-urges-insurers-to-build-capacity-beyond-capital-at-continental-re-ceos-roundtable/) - BY NKECHI NAECHE-ESEZOBOR—The National Insurance Commission, (NAICOM), has called on industry leaders to look beyond the ongoing recapitalization exercise and embrace a big vision of resilience, innovation, and capacity building within Nigeria’s insurance sector. The Commissioner for insurance, Olusegun Ayo Omosehin disclosed this while speaking at the 2025 Continental Re CEOs Roundtable, with the theme - [Niger: Parent Of Abducted Schoolchildren Died Of Heart Attack – CAN Chairman](https://businesstodayng.com/niger-parent-of-abducted-schoolchildren-died-of-heart-attack-can-chairman/) - The Chairman of the Christian Association of Nigeria in the Northern Region and the FCT, Rev. John Hayab, has disclosed that a parent died of a heart attack following the abduction of his three children at St Mary’s Catholic School in Niger State. Hayab, who made this disclosure while speaking during an interview on ARISE - [NDLEA Busts Illicit Drug Warehouse, Recovers N6.7 billion Opioids, Arrests 6](https://businesstodayng.com/ndlea-busts-illicit-drug-warehouse-recovers-n6-7-billion-opioids-arrests-6/) - Operatives of the National Drug Law Enforcement Agency (NDLEA), have dismantled opioids cartel in an intelligence-led operation.’ The agency disclosed this in a statement that its operations ed to the arrest of cartel leader Onyekachi Pius Nwanagu and five members of his gang were arrested with illicit substances worth over N6.7 billion recovered from their - [Sovereign Trust Gets Board Approval To Raise N5bn Through Right Issue](https://businesstodayng.com/sovereign-trust-gets-board-approval-to-raise-n5bn-through-right-issue/) - BY NKECHI NAECHE-ESEZOBOR—The board of Sovereign Trust Insurance Plc has approved an initial capital raise of N5 billion through a Rights Issue. This represents a strategic first step in the Company’s phased recapitalisation agenda, undertaken in alignment with the requirements of the Nigerian Insurance Industry Reform Act (NIIRA) recently signed into law by President Bola - [Court Suspends Obiano’s N4bn Money-laundering Trial Indefinitely](https://businesstodayng.com/court-suspends-obianos-n4bn-money-laundering-trial-indefinitely/) - The Federal High Court in Abuja presided over by Justice Mohammed Umar on Tuesday has indefinitely adjourned the trial of former Anambra State Governor, Willie Obiano, who faces allegations of laundering N4 billion belonging to the state. The adjournment was granted on Tuesday following a request from the Economic and Financial Crimes Commission legal team, - [NEMA Confirms Receiving 178 Returnees From Niger Republic In Kano](https://businesstodayng.com/nema-confirms-receiving-178-returnees-from-niger-republic-in-kano/) - Under the ongoing Assisted Voluntary Return initiative, the Kano Operations Office of the National Emergency Management Agency on Tuesday confirmed receiving 178 Nigerian returnees from Niamey, Niger Republic. The returnees arrived on November 24, 2025 at about 11:30am at the Mallam Aminu Kano International Airport aboard an Asky Airlines flight. The Kano NEMA made this - [South-East: Provide Evidence Supporting Death Toll Claim-IPOB Tells Kalu](https://businesstodayng.com/south-east-provide-evidence-supporting-death-toll-claim-ipob-tells-kalu/) - The Indigenous People of Biafra (IPOB) on Tuesday challenged the lawmaker representing Abia North, Senator Orji Uzor Kalu, to provide evidence supporting his claims that over 30,000 individuals have lost their lives due to Mazi Nnamdi Kanu’s activism in the South-East Region, describing the claims as “false” and “irresponsible”. “IPOB demands that Orji Uzor Kalu - [24 Abducted Kebbi Schoolgirls Regain freedom](https://businesstodayng.com/24-abducted-kebbi-schoolgirls-regain-freedom/) - PThe 24 schoolgirls abducted from Government Girls Secondary School, Maga, Kebbi state, have been rescued. It was gathered that security sources confirmed the rescue of the girls to on Tuesday. Details of the efforts that led to the rescue of the students are ]yet to be made public as at the time of filling this - [Nigeria Records N2.06trn VAT  In Q2 2025 — NBS](https://businesstodayng.com/nigeria-records-n2-06trn-vat-in-q2-2025-nbs/) - The National Bureau of Statistics, on Tuesday said Nigeria’s aggregate Value Added Tax for Q2 2025 was N2.06 trillion. This was contained in the VAT Q2 2025 report released in Abuja today. The report, shows a decrease of 0.03 per cent on a quarter-on-quarter basis from N2.06 trillion recorded in Q1 2025, also revealed that - [Sanwo-Olu Presents N4.2tn 2026 Budget To Lagos Assembly](https://businesstodayng.com/sanwo-olu-presents-n4-2tn-2026-budget-to-lagos-assembly/) - The Lagos State Governor, Babajide Sanwo-Olu, on Tuesday presented a proposed N4.237 trillion budget for the 2026 fiscal year to the state House of Assembly for approval. If approved, the N4.2tn proposal would represent a major leap in Lagos’ annual spending plan, reflecting growth of over N3tn in five years. Members of the state executive - [Dangote Selects U.S. Honeywell For Refining Expansion ](https://businesstodayng.com/dangote-selects-u-s-honeywell-for-refining-expansion/) - Dangote Petroleum Refinery on Tuesday announced that it has picked US-based Honeywell as its strategic partner to support its plan to double capacity to 1.4 million barrels per day by 2028. The announcement, which was contained in a statement issued on Tuesday, comes only a month after the refinery unveiled its expansion programme. The statement, - [Tinubu Sends Legal Practitioners Bill To National Assembly](https://businesstodayng.com/tinubu-sends-legal-practitioners-bill-to-national-assembly/) - As part of major reforms aimed at strengthening legal practice in the country, for immediate consideration, President Bola Tinubu on Tuesday transmitted the Legal practitioners act (Repeal and Re-enactment) bill to the National Assembly. The proposed legislation seeks to enforce higher ethical standards, improve accountability within the profession and expand access to justice across the - [FG Rolls Out Online Classes For Secondary School Students](https://businesstodayng.com/fg-rolls-out-online-classes-for-secondary-school-students/) - FG Rolls Out Online Classes For Secondary School Students The Federal Government, through the Federal Ministry of Education on Tuesday announced that it has rolled out the Inspire Live(s) Online Real-Time Classes Initiative, a nationwide digital learning programme aimed at expanding access to quality education for schoolchildren across Nigeria. The ministry’s Director of Press and - [Mother Arrested For Sexually Abusing Three-year-old Daughter](https://businesstodayng.com/mother-arrested-for-sexually-abusing-three-year-old-daughter/) - Operatives of the Edo State Police Command have arrested a woman named Tracy Wilson for allegedly sexually assaulting her three-year-old daughter. The report came shortly after the command arrested a 54-year-old man who had been having sexual relations with his three daughters. The Delta State Police Command Public Relations Officer, SP Bright Edafe, who announced - [School Abduction: NUT Calls For Urgent Action To End Attacks](https://businesstodayng.com/school-abduction-nut-calls-for-urgent-action-to-end-attacks/) - The Nigeria Union of Teachers (NUT) on Tuesday called on the Federal Government to take immediate and decisive action to stop the rising wave of attacks on schools across the country. The NUT National President, Audu Amba, who made the call at a news conference in Abuja on Tuesday, condemned the recent attacks in Kebbi - [Police Confirm 10 Abducted In Fresh Kwara Community Attack](https://businesstodayng.com/police-confirm-10-abducted-in-fresh-kwara-community-attack/) - The Kwara State Police Command on Tuesday confirmed the violent attack on the Isapa community in the Ekiti Local Government Area of the state. The police command announced that 10 persons were abducted during the Monday evening invasion by suspected armed herders. BusinessTodayNG had earlier reported that at least 11 residents were kidnapped when between - [Ben Kalu Proposes Six Months Penalty For Govt Officials Who Negotiate Ransom](https://businesstodayng.com/ben-kalu-proposes-six-months-penalty-for-govt-officials-who-negotiate-ransom/) - The Deputy Speaker of the House of Representatives, Benjamin Kalu, on Tuesday proposed six months penalties for government officials who negotiate ransom payments. Kalu, who stated this on Tuesday at the lower chamber’s special session on national security, said a legislative move to make that happen will help in addressing insecurity in Nigeria. “The number - [NACA Says Nigeria Meets Two Out Of Three 2030 Global HIV Targets](https://businesstodayng.com/naca-says-nigeria-meets-two-out-of-three-2030-global-hiv-targets/) - Indicating significant progress in the country’s response to the epidemic and its efforts to improve HIV prevention, testing and treatment, the National Agency for the Control of AIDS, on Tuesday disclosed that Nigeria has met two of the three 2030 global HIV targets. The Director General of the National Agency for the Control of AIDS, - [I Feels Like Hitting Obasanjo With Microphone For His Remarks At My Birthday -Fayose](https://businesstodayng.com/i-feels-like-hitting-obasanjo-with-microphone-for-his-remarks-at-my-birthday-fayose/) - Former Ekiti State Governor Ayo Fayose has revealed that he was so provoked by Olusegun Obasanjo’s remarks at his 65th birthday celebration that he momentarily felt like seizing the microphone from the ex-president and striking him with it. , Fayose, who stated this in a fresh interview, recounted the events leading to the Lagos ceremony, - [Expert Calls On Insurance Journalists To Prioritize Mental Health and Fight Burnout](https://businesstodayng.com/expert-calls-on-insurance-journalists-to-prioritize-mental-health-and-fight-burnout/) - ‎From left: President Institute of Loss Adjusters of Nigeria Ikechukwu Udobi, presenting appreciation plaque to Dr. Babatunde Jesusina Chief Medical Director, Federal Polytechnic, Ilaro, after his paper presentation. ‎ BY NKECHI NAECHE-ESEZOBOR—Heath expert has advised insurance journalists to prioritize their mental well-being as they navigate the pressures of a demanding work environment ‎Dr. Tunde - [House Of Reps Holds Special Plenary Over National Security](https://businesstodayng.com/house-of-reps-holds-special-plenary-over-national-security/) - The House of Representatives on Tuesday held a special session on the state of Nigeria’s security. This comes in the wave of renewed banditry attacks and kidnappings across the country in recent times. The Speaker, House of Representatives, Abbas Tajudeen, charges Nigerians to be cautious of what they say about the country just as he - [Amid Efforts To Rescue Abducted Maga Schoolgirls, IGP Visits Kebbi](https://businesstodayng.com/amid-efforts-to-rescue-abducted-maga-schoolgirls-igp-visits-kebbi/) - Barely a week after gunmen abducted an unspecified number of schoolgirls from Government Girls Comprehensive Senior Secondary School (GGCSS), Maga, the Inspector-General of Police, Kayode Egbetokun, on Tuesday arrived in the state on an emergency visit. The IGP’s visit comes as joint rescue operations involving the police, military, and other security agencies continue in the - [I’ll Lead the Call For Kanu’s Pardon If He Shows Remorse — Gumi](https://businesstodayng.com/ill-lead-the-call-for-kanus-pardon-if-he-shows-remorse-gumi/) - Islamic cleric, Sheikh Ahmad Gumi, on Tuesday defended his non-forceful approach as tools to achieve objectives to insecurity in Nigeria, saying he will be in the fore front for the calls to release the convicted leader of the Indigenous Peoples of Biafra (IPOB), Nnamdi Kanu, if the latter shows remorse. Recall that last Thursday, a - [Just In: Gunmen Raid Another Kwara community, Whisk Away Pregnant Woman, Nursing Mothers, Seven Others](https://businesstodayng.com/just-in-gunmen-raid-another-kwara-community-whisk-away-pregnant-woman-nursing-mothers-seven-others/) - Bandits, numbering more than 20 on Monday evening invaded Isapa community of Ekiti Local Government Area of Kwara State, abducting 11 residents. It was gathered that the attackers were shooting indiscriminately as they moved through several parts of the town with a large herd of cattle, and in the process, an elderly woman was reportedly - [DG To Corps Members: Uphold NYSC Core Values](https://businesstodayng.com/dg-to-corps-members-uphold-nysc-core-values/) - The Director-General of the National Youth Service Corps, Brigadier General Olakunle Nafiu, on Tuesday charged corps members to cultivate the core values of the scheme throughout their service year and beyond. Brigadier General Nafiu made the call through a post shared on NYSC’s X handle on Tuesday while addressing the 2025 Batch ‘C’ Corps Members - [Kebbi Police Arrest Man For Allegedly killing Teenager](https://businesstodayng.com/kebbi-police-arrest-man-for-allegedly-killing-teenager/) - Operatives of the Kebbi State Police Command have arrested a 22-year-old man named Jame Jidda, for allegedly killing of a 17-year-old boy, Salihu Hassan, in Birnin Kebbi. The Kebbi State Police Command Police Public Relations Officer, CSP Nafiu Abubakar Kotarkoshi, who confirmed the incident, the deceased body was discovered in a pool of blood at - [Man On The Run After Alleged Acid Attack On Girlfriend](https://businesstodayng.com/man-on-the-run-after-alleged-acid-attack-on-girlfriend/) - Timothy Gilbert is currently on the run after bathing his girlfriend, Angela Ogah, with a substance believed to be acid in Edo State. According to report the incident occurred at Amufi, Ikpoba Okha Local Government Area of the state. Ogah’s lawyer, John Izegaegbe, who confirmed the incident on Monday, November 24, 2025 said the victim - [Shaping Futures Through Art: Stanbic IBTC Pension Managers Hhighlights Innovation At ART X Lagos](https://businesstodayng.com/shaping-futures-through-art-stanbic-ibtc-pension-managers-hhighlights-innovation-at-art-x-lagos/) - BY NKECHI NAECHE-ESEZOBOR—As ART X Lagos celebrated its tenth year, exploring how imagination can shape the future of African cities, Stanbic IBTC Pension Managers, a subsidiary of Stanbic IBTC Holdings, stood out through its sponsorship of The Library, an installation dedicated to knowledge, continuity, and cultural insight. The 2025 fair, which was held in Lagos, - [Lasaco Assurance Leverages Intelligent Remote Assessment To Speed Up Claims](https://businesstodayng.com/lasaco-assurance-leverages-intelligent-remote-assessment-to-speed-up-claims/) - BY NKECHI NAECHE-ESEZOBOR—To deliver faster and more seamless claims processing, Lasaco Assurance Plc is adopting the AI-driven remote vehicle assessment system, FastClaim. This step reinforces the company’s position in the digital era by supporting quicker surveys and inspections, improved customer service, and a renewed focus on innovation. The initiative reflects its long-term commitment to reshaping - [South-East Reps To Tinubu: Consider Pardon For Nnamdi Kanu](https://businesstodayng.com/south-east-reps-to-tinubu-consider-pardon-for-nnamdi-kanu/) - The South-East caucus of the House of Representatives on Monday called on President Bola Tinubu to consider a pardon for the convicted leader of the Indigenous People of Biafra (IPOB), Nnamdi Kanu. Recall that the Federal High Court in Abuja presided over by Justice James Omotosho had on November 20, 2025, sentenced Kanu to life - [Iconic India Film Star Dharmendra Dies At 89, Prime Minister Mourns](https://businesstodayng.com/iconic-india-film-star-dharmendra-dies-at-89-prime-minister-mourns/) - Dharmendra, one of India’s most beloved film stars and popularly known as Bollywood’s “He-Man,” has died at 89. Born Dharam Singh Deol in Punjab in 1935, he moved to Mumbai after winning a talent contest and debuted in 1960. His topless appearance in the 1966 film Phool Aur Patthar made him a national heart-throb and - [Southwest Governors Plan To Establish Regional Security Trust Fund](https://businesstodayng.com/southwest-governors-plan-to-establish-regional-security-trust-fund/) - The Southwest Governors’ Forum on Monday announced plans to create a South West Regional Security Fund to strengthen the region’s response to insecurity, especially rising incidents of kidnapping, banditry, illegal mining, and unregulated interstate migration. It was gathered the decision was arrived at a meeting of the six governors held at the Governor’s Office, Secretariat, - [Nigerian Police Force Confirm Ghana Police Hand-Over Suspect In FRSC Officer’s Murder Case](https://businesstodayng.com/nigerian-police-force-confirm-ghana-police-hand-over-suspect-in-frsc-officers-murder-case/) - The Nigeria Police Force (NPF), through the Interpol National Central Bureau, in a synergy operation with the Ghana Police Service, has secured the full custody of Victor Benjamin Fejemirokun, the wanted fugitive suspect in the abduction and murder of a Federal Road Safety Corps officer and her young daughter in Ogun State. The NPF Force - [Oyo Gov Presents Landmark ₦892bn Budget for 2026 To State Assembly](https://businesstodayng.com/oyo-gov-presents-landmark-₦892bn-budget-for-2026-to-state-assembly/) - Seyi Makinde, Oyo State Governor on Monday presented a landmark ₦891.98 billion Appropriation Bill for 2026 to the State House of Assembly for Approval. Makinde described it as a “Budget of Economic Expansion” designed to accelerate the state’s transition into a production-driven and investment-ready economy. The Governor, while Addressing lawmakers, said the proposal built directly - [Nigeria’s FATF Milestone: SEC Demands Sustained Compliance From Market Players](https://businesstodayng.com/nigerias-fatf-milestone-sec-demands-sustained-compliance-from-market-players/) - The Director General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has urged financial sector stakeholders to strengthen and sustain a culture of proactive compliance to safeguard Nigeria’s position in the global financial system following its recent exit from the Financial Action Task Force (FATF) Grey List. Speaking at the Nigerian Capital Market - [Just In: UK Denies FG’s Request To Transfer Ekweremadu To Nigeria](https://businesstodayng.com/just-in-uk-denies-fgs-request-to-transfer-ekweremadu-to-nigeria/) - The United Kingdom has turned down the Federal Government’s request to allow former Deputy Senate President, Ike Ekweremadu, to complete his prison sentence in Nigeria. According to a report, British authorities insisted that the jailed lawmaker must serve out his term in the UK, where he is currently imprisoned after his 2023 conviction for attempting - [Atiku Picks ADC Membership Card In Adamawa, Says Real Opposition Has Begun](https://businesstodayng.com/atiku-picks-adc-membership-card-in-adamawa-says-real-opposition-has-begun/) - Ending months of speculation about his next political move, former Vice President Atiku Abubakar, on Monday, declared that “the real opposition has begun” after formally joining the African Democratic Congress (ADC). Atiku, a former Peoples Democratic Party(PDP) presidential candidate stated this shortly after receiving his ADC membership card at his Jada 1 Ward in Adamawa - [Alleged Cybercrime: Court Adjourns Senator Natasha’s Trial To February 2026](https://businesstodayng.com/alleged-cybercrime-court-adjourns-senator-natashas-trial-to-february-2026/) - A Federal High Court in Abuja, presided over by Justice Mohammed Umar on Monday adjourned the trial of Senator Natasha Akpoti-Uduaghan for alleged cybercrime until February 4, 2026 for the commencement of trial. The matter, which was fixed for Monday by Justice Mohammed Umar, could not proceed due to the judge’s absence. The trial also - [Nnamdi Kanu’s Family Rejects Court judgment, Cites Legal Irregularities](https://businesstodayng.com/nnamdi-kanus-family-rejects-court-judgment-cites-legal-irregularities/) - Following the recent judgment of life jailed handed over to leader of the Indigenous People of Biafra, Nnamdi Kanu, by Justice James Omotosho of the Federal High Court, Abuja, the family of jailed IPOB leader on Monday rejecting the judgment, citing legal irregularities. In a statement issued on Monday and signed by Emmanuel Kanu on - [Insecurity: US To Provide Intelligence Support, Defence Equipment To Nigeria – Presidency](https://businesstodayng.com/insecurity-us-to-provide-intelligence-support-defence-equipment-to-nigeria-presidency/) - The United States Government has promised to deepen security cooperation with Nigeria, including the provision of enhanced intelligence support, defence equipment, and articles to reinforce ongoing operations against terrorists and violent extremist groups in the country. This follows discussions and engagements held last week between a high-level Nigerian delegation and US officials, aimed at strengthening - [UPDATE: 239 Nursery/Primary Pupils Among 265 Still Missing In Niger Students Abduction](https://businesstodayng.com/update-239-nursery-primary-pupils-among-265-still-missing-in-niger-students-abduction/) - Following last week’s mass abduction at St. Mary’s Catholic Nursery, Primary, and Secondary School, the Catholic Diocese of Kontagora on Monday disclosed that 265 individuals, comprising 239 nursery and primary pupils, 14 secondary students, and 12 staff members, still remain in captivity. Out of the 265 victims, 239 are children from the Nursery and Primary - [Stanbic IBTC Pension Managers Wins Best PFA In Nigeria 2025 At Global Banking & Finance Awards](https://businesstodayng.com/stanbic-ibtc-pension-managers-wins-best-pfa-in-nigeria-2025-at-global-banking-finance-awards/) - With a legacy built on trust, innovation, and results, Stanbic IBTC Pension Managers, a member of Stanbic IBTC Holdings, has emerged as the Best Pension Fund Administrator (PFA) Nigeria 2025 at the prestigious Global Banking & Finance Awards®. The award celebrates Stanbic IBTC Pension Managers’ dedication to securing the financial future of millions of Nigerians. This - [Subair Wins Board Chair Of The Year, As LIRS Emerges Top Revenue Agency](https://businesstodayng.com/subair-wins-board-chair-of-the-year-as-lirs-emerges-top-revenue-agency/) - The Lagos State Internal Revenue Service (LIRS) has once again demonstrated excellence and sector leadership as it received major recognitions at the 2025 Peak Performer Awards, held at the Lagos Oriental Hotel on Tuesday, 18 November 2025, Solidifying its position as a leading institution in public sector excellence and innovation, in a proud moment for - [NNPCL Declares ₦5.4 Trillion Profit After Tax](https://businesstodayng.com/nnpcl-declares-₦5-4-trillion-profit-after-tax/) - BY NKECHI NAECHE-ESEZOBOR-- NNPC Limited has released its financial statement for the full year ended 2024, reporting a Profit After Tax of ₦5.4 trillion. Its revenue for the year grew by 88% year-on-year to ₦45.1 trillion while earnings Per Share: ₦27.07, 64% year-on-year growth The results, shared during its earnings call with analysts, underscore a year - [Kwara Church Attack Survivor Narrates Ordeal In Kidnapper’s Den](https://businesstodayng.com/kwara-church-attack-survivor-narrates-ordeal-in-kidnappers-den/) - A member of Christ Apostolic Church (CAC), Eruku in Kwara State, has narrated his ordeal in the kidnappers’ captivity. He was one of the worshippers abducted during evening service on November 18. Recall that on Sunday, President Bola Tinubu announced that all the 38 worshippers have been rescued. The victim, during an interview with TVC, - [Premium Pension Face Multi-Billion-Naira Suit Over Alleged Unlawful Sack Of 65 Workers](https://businesstodayng.com/premium-pension-face-multi-billion-naira-suit-over-alleged-unlawful-sack-of-65-workers/) - BY NKECHI NAECHE-ESEZOBOR--The National Industrial Court will soon commence hearing on a multi-billion-naira lawsuit filed by 65 disengaged workers of Premium Pension Limited, who are seeking redress over what they described as 'wrongful, illegal and unconscionable termination of their employment without notice or payment of agreed benefits.' In the suit marked NICN/ABJ/__/2025, the claimants led - [US Condemns Niger, Kebbi School Abductions, Urges FG To Bring Perpetrators To Justice](https://businesstodayng.com/us-condemns-niger-kebbi-school-abductions-urges-fg-to-bring-perpetrators-to-justice/) - The abduction of students and teachers in Niger State, as well as the earlier kidnapping of schoolgirls in Kebbi State has been condemned by the United States on Monday. The State Department’s Bureau of African Affairs which stated this in a statement issued via its x handle on Monday, described the attacks as acts that - [MTN Presses Nigeria’s Broadband Ambition As Active Data Users Reaches 51.1 Million](https://businesstodayng.com/mtn-presses-nigerias-broadband-ambition-as-active-data-users-reaches-51-1-million/) - MTN Nigeria has positioned itself as the frontline partner in achieving the Federal Government's broadband goals, announcing that its active data user base has surged to 51.1 million, a 12.8% increase. This growth is directly linked to the company’s aggressive leadership in 4G/5G deployment and the accelerated rollout of its Fibre-to-the-Home (FTTH) network. The company’s - [Boko Haram Terrorists Abduct 12 Female Farmers in Borno](https://businesstodayng.com/boko-haram-terrorists-abduct-12-female-farmers-in-borno/) - The Borno State police Command on Sunday confirmed that Suspected Boko Haram terrorists have abducted at 12 women in Mussa district, Askira-Uba Local Government Area of state. The women were reportedly taken around 5 p.m. on Saturday while returning from their farmlands. Borno State Police Public Relations Officer, Nahum Daso, who confirmed the development on - [Shettima To AU-EU Summit In Angola](https://businesstodayng.com/shettima-to-au-eu-summit-in-angola/) - Vice-President Kashim Shettima on Sunday departed Johannesburg for Luanda to represent President Bola Tinubu at the AU-EU Summit scheduled for Angola. The Senior Special Assistant to the President on Media and Communications, Office of theVice President, Mr Stanley Nkwocha, made this disclosure through a statement issued on Sunday in Abuja. Recall Shettima attended the 20th - [Tinubu’s Security Reforms Will Soon Yield Big Results-Tunji-Ojo](https://businesstodayng.com/tinubus-security-reforms-will-soon-yield-big-results-tunji-ojo/) - Olubunmi Tunji-Ojo, the Minister of Interior, on Sunday restated his confidence in President Bola Ahmed Tinubu’s capacity to confront Nigeria’s security crisis and steer the nation towards greater stability. Tunji-Ojo, whose message was delivered through his political support group, BTO4BAT, on Sunday said the President Tinubu has shown unwavering commitment by prioritising modern security technology, - [Tinubu Vows Not To Relent Until Nigerians Are Protected](https://businesstodayng.com/tinubu-vows-not-to-relent-until-nigerians-are-protected/) - President Bola Tinubu on Sunday vowed that his administration is committed in tackling insecurity in the country, saying he will not relent until all Nigerians are protected. Tinubu, who made the vow through a statement on Sunday via his official X handle,m said Nigeria would be secured under his watch, adding that every citizen deserves - [FCTA To Commence Promotion Exams For 8,000 Workers Tuesday](https://businesstodayng.com/fcta-to-commence-promotion-exams-for-8000-workers-tuesday/) - The Federal Capital Territory Administration on Sunday announced that it will on Tuesday, November 25, 2025, commence Computer-Based Test promotion examinations for 8,000 staff across 165 different cadres in the Administration and the Federal Capital Development Authority. The Chairman of the FCT Civil Service Commission, Emeka Ezeh, who made the announcement through a statement issued - [Insecurity: Seek Help Or Resign- PDP Tells Tinubu](https://businesstodayng.com/insecurity-seek-help-or-resign-pdp-tells-tinubu/) - The Kabiru Turaki-led National Working Committee (NWC) of the Peoples Democratic Party (PDP) on Sunday lambasted the Federal Government’s response to the recent multiple terror attacks in the country, saying that the global standard is that whenever a government fails in dispensing its primary function of protecting lives and property, such a government must resign. - [FG Fixes Date To Open Section 1 Of Lagos–Calabar Coastal Highway](https://businesstodayng.com/fg-fixes-date-to-open-section-1-of-lagos-calabar-coastal-highway/) - The Federal Government, through the Federal Ministry of Works, has set aside 12 December to 17 December to open Section 1 of the Lagos–Calabar Coastal Highway for public use. The Section 1 is 47.47 km long and has six lanes and two carriageways. The Minister of Works, Senator Dave Umahi, made this disclosure on Sunday - [Reps Deputy Speaker Condemns Abduction of Niger Catholic School Pupils, Says Development Worrisome](https://businesstodayng.com/reps-deputy-speaker-condemns-abduction-of-niger-catholic-school-pupils-says-development-worrisome/) - Deputy Speaker of the House of Representatives, Hon. Benjamin Kalu, on Sunday condemned the abduction of scores of students at St. Mary’s Papiri Private Catholic Secondary School, Papiri, in Agwara Local Government Area of Niger State. Recall that gunmen, suspected to be armed bandits, stormed the school on Friday and abducted scores of schoolchildren. The - [Insecurity: Tinubu Holds Closed-Door Meeting With Service Chiefs](https://businesstodayng.com/insecurity-tinubu-holds-closed-door-meeting-with-service-chiefs/) - File: President Tinubu with service chiefs Following escalating insecurity in the country, President Bola Tinubu on Sunday held is a closed-door meeting with service chiefs at the Presidential Villa in Abuja. Those in attendance at the meeting were the Chief of Defence Staff (CDS), General Olufemi Oluyode; the Chief of Air Staff, Air Vice Marshal - [Tinubu Orders Withdrawal Of Police Officers Guarding VIPs](https://businesstodayng.com/tinubu-orders-withdrawal-of-police-officers-guarding-vips/) - President Bola Tinubu on Sunday ordered the withdrawal of police personnel from VIP security duties. The President gave the order during a security meeting with service chiefs including the Chief of Army Staff, Lieutenant General Waidi Shaibu; the Chief of Air Staff, Air Marshal Sunday Kelvin Aneke; the Inspector General of Police, Kayode Egbetokun; - [Wanted Kidnapper Arrested In Taraba During Ransom Negotiation](https://businesstodayng.com/wanted-kidnapper-arrested-in-taraba-during-ransom-negotiation/) - A wanted kidnap suspect named Umar Musa Geyi in Wukari Local Government Area of Taraba has been arrested by the troops of Operation Zafin Wuta of 6 Brigade of the Nigerian Army during a ransom negotiation. The Acting Assistant Director Army Public Relations 6 Brigade, Lieutenant Umar Muhammad, who made this disclosure through a statement - [2Baba, Natasha Osawaru Welcome First Child Together](https://businesstodayng.com/2baba-natasha-osawaru-welcome-first-child-together/) - Confirming months of public anticipation, famous Veteran Nigerian singer, Innocent Idibia, popularly known as 2Face or 2Baba, and Edo State lawmaker Natasha Osawaru have welcomed their first child together, a baby boy. Speculation around the birth surged earlier on Friday after Osawaru was spotted at a hospital, prompting talk that she was in labour. Hours - [Anambra Police Step Up Security In Schools, Churches](https://businesstodayng.com/anambra-police-step-up-security-in-schools-churches/) - The Police Command in Anambra has stepped up patrols and intensified intelligence gathering, As part of measures to secure schools and Churches in Anambra State, the state Police Command in has stepped up patrols and intensified intelligence gathering. The Anambra State Police Command Public Relations in the state, SP Tochukwu Ikenga, confirmed the development through - [Oyedepo Rains Curses on Terrorists, Tells Christians To Do Midnight Prayers Against Raging Battle Against Church, Nation](https://businesstodayng.com/oyedepo-rains-curses-on-terrorists-tells-christians-to-do-midnight-prayers-against-raging-battle-against-church-nation/) - Presiding Bishop of Living Faith Church Worldwide, Bishop David Oyedepo, on Sunday rained curses on perpetrators of the dastardly acts Oyedepo also called on Christians across the country to engage in intensive midnight prayers to confront what he described as “the raging battle against the Church and the nation.” Delivering his sermon at Canaanland, Ota, - [Court Grants SERAP’s Prayer, Orders Tinubu To Publish NDDC Forensic Audit Report, Name ₦6trn looters](https://businesstodayng.com/court-grants-seraps-prayer-orders-tinubu-to-publish-nddc-forensic-audit-report-name-₦6trn-looters/) - A Federal High Court in Abuja presided over by Justice Gladys Olotu has compelled President Bola Tinubu to order the Attorney General of the Federation and Minister of Justice to publish the full forensic audit report of the Niger Delta Development Commission (NDDC). The court also asked him to release the names of all individuals - [Pope Demands Immediate Release Of 315 Abducted In Niger School, Others](https://businesstodayng.com/pope-demands-immediate-release-of-315-abducted-in-niger-school-others/) - On Sunday, Pope Leo XIV called for the release of over 300 hostages taken from the St. Mary’s Catholic Primary and Secondary Schools, Papiri in the Agwarra local government area of Niger state. “I learned with immense sadness the news of the kidnappings of priests, faithful, and students in Nigeria and Cameroon,” he said. Recall - [Breaking: 38 Abducted Kwara Church Worshippers Regain Freedom](https://businesstodayng.com/breaking-38-abducted-kwara-church-worshippers-regain-freedom/) - Governor AbdulRahman AbdulRazaq of Kwara State on Sunday announced the release of the 38 worshippers who were abducted by bandits from the Christ Apostolic Church, Eruku, Ekiti Local Government Area of the state. The Governor’s Chief Press Secretary, Rafiu Ajakaye, who made this disclosure through a statement issued on Sunday, highlighted the key role of - [Catholic Bishop Releases Names Of 50 Abducted Niger Pupils Who Escaped+ Full List](https://businesstodayng.com/catholic-bishop-releases-names-of-50-abducted-niger-pupils-who-escaped-full-list/) - The Niger State Chairman of the Christian Association of Nigeria, and Bishop of the Kontagora Diocese, Most Rev. Bulus Yohanna, on Sunday announced that 50 pupils abducted from St. Mary Private Primary and Secondary Schools in Papiri, Agwara Local Government Area of the state escaped from their captors and reunited with their parents. The development - [Insecurity: Amnesty International To FG: You Are Not doing Enough To Protect lives, Safety Of Your Younger Generations](https://businesstodayng.com/insecurity-amnesty-international-to-fg-you-are-not-doing-enough-to-protect-lives-safety-of-your-younger-generations/) - Following series of attacks sweeping across Nigeria, especially mass abductions of students in the northern part of Nigeria, Amnesty International, a Global human rights organisation, on Saturday slammed Federal for not doing enough to protect the lives and guarantee the safety of its younger generation. The organisation’s reaction came after the Christian Association of - [Yobe Orders Closure Of Boarding Schools Over Rising Insecurity](https://businesstodayng.com/yobe-orders-closure-of-boarding-schools-over-rising-insecurity/) - The Yobe Government has ordered the closure of boarding secondary schools in the state due to security challenges. This was contained in a statement by Mamman Mohammed, the Director General of Press and Media Affairs to the Governor Mai Mala Buni. “Yobe state government has directed the closure of all boarding Secondary Schools in the state - [Rising Abduction: Tinubu Receives Reports From DSS DG Ajayi](https://businesstodayng.com/58496-2/) - The Director General of the Department of State Services, DSS, Mr TOSIN Adeola Ajayi briefing President Bola Tinubu on the security situation on Friday night Following recent abductions and attacks, especially in the northern part of the country, the Director-General of the Department of State Services (DSS), Oluwatosin Ajayi, on Friday night met with President - [Ebonyi Police Arrest Man Who Allegedly Rapes Student At EBSU Secondary School](https://businesstodayng.com/ebonyi-police-arrest-man-who-allegedly-rapes-student-at-ebsu-secondary-school/) - Operatives of the Ebonyi State Police Command have arrested a 27-year-old man, Nzube Odo, on suspicion of raping a female student of Ebonyi State University (EBSU) Secondary School in Abakaliki, the state capital. It was gathered that the suspect had previously allegedly sexually assaulted other female students from the same school. Ebonyi State Police Public - [Gunmen Ambush Police Patrol Team In Bauchi, Kill Two Officers, Injure One Other](https://businesstodayng.com/gunmen-ambush-police-patrol-team-in-bauchi-kill-two-officers-injure-one-other/) - At least two officers were killed and another injured after a joint patrol team came under attack by gunmen in Sabon Sara Village, Bauchi State, on Saturday. The Nigeria Police Force Public Relations Officer, CSP Benjamin Hundeyin, who confirmed the sad incident on his x handle on Saturday, explained that the officers were deployed as - [Kebbi Govt Orders Immediate Closure Of Tertiary Institutions Over Insecurity+ Full List](https://businesstodayng.com/kebbi-govt-orders-immediate-closure-of-tertiary-institutions-over-insecurity-full-list/) - Following heightened level of insecurity that has impacted several parts of the state of kebbi State in the last couple of weeks, the state Government has mandated the immediate closure of all state-owned tertiary institutions, effective Saturday. The state Commissioner of Higher Education, Alhaji Issa Tunga, issued the directive on Saturday in Birnin Kebbi, the - [Niger Gov Orders Immediate Closure of All Schools](https://businesstodayng.com/niger-gov-orders-immediate-closure-of-all-schools/) - In response to the devastating terrorist attack on St. Mary’s Private Primary and Secondary School in Niger State, the state Governor, Mohammed Bago, on Saturday ordered the immediate closure of all schools across the state. Governor Bago issued the directive on Saturday following a high-level security meeting convened by him with heads of security agencies - [Insecurity: Archbishop Onayekan Says Government Knows Those Killing Nigerians, No More Room For Excuses](https://businesstodayng.com/insecurity-archbishop-onayekan-says-government-knows-those-killing-nigerians-no-more-room-for-excuses/) - Archbishop Emeritus of the Abuja Catholic Archdiocese, John Cardinal Onayekan, on Saturday warned Federal Government over the escalating insecurity in the country, declaring that the authorities already know the perpetrators of the violence and must act urgently to protect citizens. Cardinal Onayekan, who stated this during an interview on ARISE News on Saturday, said the - [FG Denies Rumoured Nationwide School Shutdown](https://businesstodayng.com/fg-denies-rumoured-nationwide-school-shutdown/) - The Federal Government, through the Ministry of Education on Saturday denied claims that schools across the country will be shut down from Monday, describing the reports as entirely false. The ministry’s Director of Press and Public Relations, Folasade Boriowo, who made the denial through a statement issued on Saturday, said the message circulating on various - [Edo Police Arraign TikToker For Allegedly Faking Her Kidnapping To Attract Followers](https://businesstodayng.com/edo-police-arraign-tiktoker-for-allegedly-faking-her-kidnapping-to-attract-followers/) - The Edo State Police Command on Saturday confirmed that 24-year-old TikToker, named Osarobo Omoyemen, popularly address as ‘Madam Oil Rice’, has been arrested and arraigned in court in the state for allegedly faking her kidnap in order to attract followers on her Tik-Tok page. The Edo State Police Command Public Relations Officer, CPS Moses Yamu, - [Thugs Attack Fuji Musician, Obesere At Ondo Burial Ceremony, Stab Band Member](https://businesstodayng.com/thugs-attack-fuji-musician-obesere-at-ondo-burial-ceremony-stab-band-member/) - A gang of thugs on Friday, during a burial ceremony in the Okitipupa Local Government Area of Ondo State , violently attacked famous Nigerian Fuji legend, Abass Akande, popularly known as Obesere. It was gathered that the assailants unexpectedly arrived at the event, launching an attack on the musician and causing chaos, forcing many guests - [UPDATE: Niger Gov Says Number of Catholic School Abductees Not Yet Confirmed](https://businesstodayng.com/update-niger-gov-says-number-of-catholic-school-abductees-not-yet-confirmed/) - Governor Umaru Bago of Niger State has said that the exact number of children abducted by armed gunmen from a Catholic school in Papiri, Agwara Local Government Area, has not yet been confirmed. Speaking on Saturday during a press briefing following an expanded security meeting in Minna, the governor explained that security agencies are still - [Photos News: Faces At 2025 IICC Media Retreat](https://businesstodayng.com/photos-news-faces-at-2025-iicc-media-retreat/) - Top Executives of Insurance Industry Consultative Council with members of Nigerian Association of Insurance and Pension Editors (NAIPE), at the event held today at Aseese, Ogun State. From left: National President Association of Registered Insurance Agents of Nigeria, Olatubosun Mayowa; Rector College of Insurance and Financial Management, Chizoba Perpetua Ehiogu; Chairperson of the Nigerian Association - [Obi Faults FG’s Handling Of Nnamdi Kanu’s Case, Says Dialogue Remains Only Viable Part To Peace](https://businesstodayng.com/obi-faults-fgs-handling-of-nnamdi-kanus-case-says-dialogue-remains-only-viable-part-to-peace/) - The 2023 Labour Party(LP) presidential candidate, Peter Obi, on Saturday faulted the Federal Government’s handling of the leader of the Indigenous People of Biafra (IPOB), Nnamdi Kanu’s case, saying that dialogue remains the only viable path to peace. Obi, who stated through his official X handle on Saturday, also warned that Kanu’s conviction could worsen - [UPDATE: UPDATE: Niger School Abduction: 315 Students, Teachers Missing — CAN](https://businesstodayng.com/update-update-niger-school-abduction-315-students-teachers-missing-can/) - The Chairman of Christian Association of Nigeria (CAN), Niger State chapter, Most. Rev. Bulus Dauwa Yohanna on Saturday disclosed that the total number of victims abducted by suspected terrorists from the St. Mary’s Catholic Primary and Secondary Schools, Papiri in the Agwarra local government area of the state is now 315 from the 227 earlier - [Three Die, Five Injure in Ibadan Gas Explosion](https://businesstodayng.com/three-die-five-injure-in-ibadan-gas-explosion/) - No fewer than three lost their lives, while five others sustained injuries following a gas explosion at Bioku Alaadun Street, Amuloko, Ibadan,Oyo State capital on Friday Night. It was gathered the explosion occurred while a tanker, a Mercedes Axor gas truck, registration number Lagos LSR 268 YC, was dispensing gas into a retailer’s container. The - [Zamfara Police foil Bandits Attack, Rescue 25](https://businesstodayng.com/zamfara-police-foil-bandits-attack-rescue-25/) - At least 25 people, including 10 women and 15 children, have rescued by the operatives of Zamfara Police Command from armed bandits who attacked Kuraje village in Damba, Gusau Local Government Area, on Friday night. Zamfara State Police Command Public Relations officer, DSP Yazid Abubakar, who confirmed the development through a statement issued on Saturday, - [Staff Celebrate DG Oloworaran’s Remarkable First Year at PenCom](https://businesstodayng.com/staff-celebrate-dg-oloworarans-remarkable-first-year-at-pencom/) - BY NKECHI NAECHE-ESEZOBOR—Staff of the National Pension Commission (PenCom) have honoured the Director General, Ms. Omolola Oloworaran, as she marks her first year in office, celebrating what they describe as a year of exemplary leadership and impactful reforms. Since assuming office, Ms. Oloworaran has been credited with fostering a more efficient, transparent, and innovative pension - [Delta Police Kill Four Suspected Robbers In Gun Battle](https://businesstodayng.com/delta-police-kill-four-suspected-robbers-in-gun-battle/) - At least four suspected robbers have been shot dead four a gun duel with operatives of the CP-Special Assignment Team (CP-SAT) of the Delta State Police Command. The Delta State Police Command Public Relations Officer, SP Bright Edafe, made this disclosure through a press statement issued to newsmen on Friday in Warri on Friday. In - [UPDATE: Nnamdi Kanu Moved To Sokoto Prison, Ex -legal Rep Discloses](https://businesstodayng.com/update-nnamdi-kanu-moved-to-sokoto-prison-ex-legal-rep-discloses/) - Aloy Ejimakor, a former lawyer and consultant to the leader of the proscribed Indigenous People of Biafra(IPOB), Nnamdi Kanu, has disclosed that kanu has been transferred from the Department of State Services(DSS) detention facility in Abuja to a correctional facility In Sokoto. Ejimakor, who made this disclosure through a tweet on Friday, expressed concern over - [NCH Reduces HIV Testing Age To 14, Adopts New Sodium Reduction Regulations](https://businesstodayng.com/nch-reduces-hiv-testing-age-to-14-adopts-new-sodium-reduction-regulations/) - As part of measures to strengthen prevention and early detection of major health risks, the National Council on Health (NCH) on Friday approved the reduction of voluntary HIV testing to 14 years and also adopted a new national Sodium Reduction Regulations. Permanent Secretary of the Federal Ministry of Health and Social Welfare, Ms Daju Kachollom, - [NUC Uncovers 32 Institutions Issuing Fake Doctorate Degrees, Bans Honorary Degrees For Public Officials](https://businesstodayng.com/nuc-uncovers-32-institutions-issuing-fake-doctorate-degrees-bans-honorary-degrees-for-public-officials/) - The Executive Secretary, National Universities Commission (NUC) Abdullahi Ribadu on Friday announced that the commission has uncovered over thirty tertiary institutions awarding fake honorary doctorate degrees, just as he also announced the ban of honorary degrees for public officials.‎‎ Ribadu made disclosure in Abuja on Friday after receiving the report of its committee on investigation - [FG Celebrates N4b, €185,733,496 In Ajaokuta Contract Dispute With French Firm](https://businesstodayng.com/fg-celebrates-n4b-e185733496-in-ajaokuta-contract-dispute-with-french-firm/) - FG Celebrates N4b , €185,733,496 In Arbitration Case Victory Against French Firm Over Ajaokuta Complex project The Attorney-General of the Federation and Minister of Justice, Prince Lateef Fagbemi (SAN), on Friday announced that the government has won an arbitration case which saw a foreign entity’s N4 billion and €185.7 million claims against Nigeria dismissed. The - [Edo Police Recovers Body of 12-yr- Old Boy Who Drowned In Ikpoba River](https://businesstodayng.com/edo-police-recovers-body-of-12-yr-old-boy-who-drowned-in-ikpoba-river/) - The body of a boy, believed to have drowned in the Ikpoba River, Benin, on November 17 has been recovered by the Edo State Police Command Edo State Police Command Public Relations Officer, Moses Yamu, who confirmed the development through a statement on Friday, said the deceased, who is yet to be identified, is about - [Insecurity: Katsina, Plateau Order Immediate Closure of Schools](https://businesstodayng.com/insecurity-katsina-plateau-order-immediate-closure-of-schools/) - Following the escalating wave of bandit attacks targeting educational institutions in parts of northern Nigeria, the governments of Katsina and Plateau states on Friday announced closure of schools. The decisions by the two states come amid heightened anxiety following the recent abductions of secondary school students in Kebbi and Niger states, incidents that have intensified - [Insecurity: FG Shuts 41 Unity Schools + Full List](https://businesstodayng.com/insecurity-fg-shuts-41-unity-schools-full-list/) - Following the rising cases of abduction across the country, the Federal Government on Friday ordered the temporary closure of 41 unity schools in the country The Director of Senior Secondary Education at the Federal Ministry of Education, Binta Abdulkadir, made the disclosure through a circular issued on Friday. “Sequel to the recent security challenges in - [Mass Abduction: Declare State Of emergency Now – Atiku Tells FG](https://businesstodayng.com/mass-abduction-declare-state-of-emergency-now-atiku-tells-fg/) - Following mass abductions in Kebbi and Niger States in the last couple of days, former Vice President Atiku Abubakar on Friday called on the Federal Government to immediately declare a state of emergency on insecurity. Atiku, while eacting to Friday’s attack on St. Mary’s Primary and Secondary School in Papiri, Agwara Local Government Area, said - [Kano NDLEA Arrest 230 Suspects, Seizes Drugs, Weapons](https://businesstodayng.com/kano-ndlea-arrest-230-suspects-seizes-drugs-weapons/) - Operatives of Kano State Command of the National Drug Law Enforcement Agency (NDLEA) have arrested 230 individuals suspected of various drug-related offences across several areas in the state. The state commander, Abubakar Idris-Ahmad, who made this disclosure while addressing newsmen on Friday in Kano, said the command recorded significant achievements in the fight against drug - [Abductors Of Kwara Worshipers Demand ₦3bn Ransom](https://businesstodayng.com/abductors-of-kwara-worshipers-demand-₦3bn-ransom/) - Abductors of worshippers at the Christ Apostolic Church (CAC) in the Ekiti Local Government Area of Kwara State have demanded ₦100 million as ransom for each of the abductees, a community leader disclosed on Friday. Recall that no fewer than 30 people were reportedly taken away by the bandits who attacked the church in Eruku - [NANS Raises Alarm Over Insecurity, Says It Threatens Nigerian Education](https://businesstodayng.com/nans-raises-alarm-over-insecurity-says-it-threatens-nigerian-education/) - The National Association of Nigerian Students on Friday raised alarm over the rising wave of insecurity in Nigeria, warning that attacks on schools are putting the future of the nation’s children and its education system at serious risk. The alarm comes following the violent incident of Monday, where 25 schoolgirls were abducted from the Government - [Bauchi Govt Suspends Four Senior Officials For Misconduct](https://businesstodayng.com/bauchi-govt-suspends-four-senior-officials-for-misconduct/) - The Bauchi State Government, through the State Civil Service Commission on Friday announced the suspension of four senior officers for gross misconduct in the discharge of their duties. The Public Relations Officer of the commission, Mr Saleh Umar, who made this disclosure through a statement issued to newsmen on Friday in Bauchi, said the decision, - [Babcock Varsity Cleaner In Ogun Police Net For Allegedly Posing As Doctor To Defraud Woman](https://businesstodayng.com/babcock-varsity-cleaner-in-ogun-police-net-for-allegedly-posing-as-doctor-to-defraud-woman/) - Operatives of Ogun State Police Command have arrested a 28-year old serial impostor, Victor Cletus, who allegedly defrauded and sexually exploited a young female victim under the guise of being a medical doctor. Cletus, eventually discovered to be a cleaner with the Babcock University Teaching Hospital, Ilisan Remo was alleged to have presented himself as - [Genocide: Pope Mourns Violence In Nigeria, Says It Affects Both Christians, Muslims](https://businesstodayng.com/genocide-pope-mourns-violence-in-nigeria-says-it-affects-both-christians-muslims/) - Following series of violence in Nigeria, Pope Leo XIV on Friday said that both Christians and Muslims “have been slaughtered” in the country, linking the violence to extremist groups, economic and land-related conflicts. His comments come as international scrutiny over Nigeria’s security situation intensifies. Pope’s comments follow earlier controversy as reported by Catholic News Agency - [UPDATE: Catholic Diocese, Disaster Agency Confirms Abduction Of 52 Students In Niger](https://businesstodayng.com/catholic-diocese-disaster-agency-confirms-abduction-of-52-students-in-niger/) - The Catholic Diocese of Kontagora Secretary, Fr. Jatau Luka Joseph, on Friday confirmed abduction of 52 students, teachers, and a security officer from St. Mary’s Catholic Primary and Secondary Schools in Papiri, Agwara Local Government Area, which occurred in the early hours of Friday. Father Joseph, who confirmed the development through a statement issued on - [UPDATE : Niger Govt Speaks On Abduction of 52 Students, Says ‘We Warned Them’](https://businesstodayng.com/niger-govt-speaks-on-abduction-of-52-students-says-we-warned-them/) - Following the abduction of 52 students from St. Mary’s Catholic Primary and Secondary Schools in Papiri, Agwara Local Government Area in the early hours of Friday, the Niger State Government on Friday reacted to the development confirming that the attack occurred after the school resumed operations without government clearance, despite a prior directive suspending boarding - [UPDATE: IPOB Condemns Court Ruling, Rejects Kanu’s Life Imprisonment](https://businesstodayng.com/update-ipob-condemns-court-ruling-rejects-kanus-life-imprisonment/) - The Indigenous People of Biafra (IPOB) has rejected the life imprisonment handed down to its leader, Nnamdi Kanu, condemning the ruling as unjust and politically motivated. IPOB spokesman, Emma Powerful, in statement issued on Friday, insisted that Kanu “committed no offence known to Nigerian law” and maintained that his agitation amounted only to self-determination, which - [Breaking :Terrorists Invade Niger Catholic School , Abduct 52 Students](https://businesstodayng.com/breaking-terrorists-invade-niger-catholic-school-abduct-52-students/) - Barely five days after Government Girls Comprehensive Senior Secondary School(GGCSS), 52 students of St. Mary’s Papiri Private Catholic Secondary School, Papiri, in Agwara Local Government Area of Niger State, have reportedly been abducted by terrorists on Friday morning. It was gathered that the attackers were said to have invaded the school and operated between 2:00 - [SFJOY: SanlamAllianz Hosts Nigerian Winners](https://businesstodayng.com/sfjoy-sanlamallianz-hosts-nigerian-winners/) - L-R: Chris Ekwonwa, Group Head, Strategy, Marketing and Customer Relations; Abimbola Lawson, Head, Legal and Compliance; Tunde Mimiko, MD/CEO, all of SanlamAllianz Nigeria; Destiny Onyemihia and Blessing Enebeli, both of Voice of Nigeria; Juliet Ajiboye, Head, Technical; and Bankole Banjo, Marketing and Corporate Communications Manager, SanlamAllianz Nigeria. SanlamAllianz Nigeria hosted the First and Second Runners - [NDLEA Intercepts Cocaine Shipment From Brazil With 20 Filipino Crew Members](https://businesstodayng.com/ndlea-intercepts-cocaine-shipment-from-brazil-with-20-filipino-crew-members/) - BY NKECHI NAECHE-ESEZOBOR—Operatives of the National Drug Law Enforcement Agency (NDLEA) have again intercepted another commodity laden vessel- MV Nord Bosporus marked 9760110 from the port of Santos in Brazil at the Apapa seaport in Lagos with no less than 20 kilograms of the Class A drug buried under its cargo. The illicit drug consignment - [Innovation At Forefront As NAICOM Kicks Off Inclusive Insurance Challenge Nigeria 2025](https://businesstodayng.com/innovation-at-the-forefront-as-naicom-kicks-off-inclusive-insurance-challenge-nigeria-2025/) - The National Insurance Commission (NAICOM), in partnership with leading development organisations, on Wednesday, announced the commencement of the Inclusive Insurance Innovation Challenge (IIIC) Nigeria 2025. The initiative is designed to serve as a transformational platform for developing innovative solutions that expand insurance coverage to underserved and excluded populations across the country. Delivering his remarks at - [PenCom Pushes For Stronger CPS Adoption Among States, LGAs, Hosts Second Consultative Forum](https://businesstodayng.com/pencom-pushes-for-stronger-cps-adoption-among-states-lgas-hosts-second-consultative-forum/) - BY NKECHI NAECHE-ESEZOBOR— National Pension Commission (PenCom) has held the Second Run of its 2025 Consultative Forum for States and Local Governments in Benin City, Edo State, as part of efforts to deepen the implementation of the Contributory Pension Scheme (CPS) nationwide. PenCom’s Director General, Ms. Omolola Oloworaran—represented by the Commissioner, Inspectorate Department, Mr. Samuel - [ICPC Appoints John Odey As Spokesperson](https://businesstodayng.com/icpc-appoints-john-odey-as-spokesperson/) - The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has announced the appointment of Mr. John Okor Odey, a Deputy Director, as its new Spokesperson. The Secretary to the Commission, Clifford Okwudiri Oparaodu , disclosed this in a statement posted via its official X account that Odey succeeds Mr. Demola Bakare, and will also - [Rivers State To Enrol Workers In NSITF Scheme](https://businesstodayng.com/rivers-state-to-enrol-workers-in-nsitf-scheme/) - The Rivers State Government has announced that it is concluding plans to enrol its workforce in the Employees’ Compensation Scheme of the Nigeria Social Insurance Trust Fund (NSITF). Secretary to the State Government (SSG), Dr. Benibo Anabraba, disclosed this yesterday, when he received a delegation of the Executive Members of the Trade Union Congress (TUC), - [NNPC/Seplat JV Commissions, Hands Over Power System/Underground Cabling Project to NCDMB](https://businesstodayng.com/nnpc-seplat-jv-commissions-hands-over-power-system-underground-cabling-project-to-ncdmb/) - The NNPC/Seplat Joint Venture commissioned and formally handed over a fully integrated Power System and Underground Cabling Project to the Nigerian Content Development and Monitoring Board (NCDMB) at the Nigerian Oil and Gas Industrial Parks Scheme (NOGAPS 1) in Odukpani, Cross River State. Senior officials from the NNPC Upstream Investment Management Services (NUIMS), Seplat Energy - [Schoolgirls Abduction: Tinubu Directs Matawalle To Relocate To Kebbi](https://businesstodayng.com/schoolgirls-abduction-tinubu-directs-matawalle-to-relocate-to-kebbi/) - BY NKECHI NAECHE-ESEZOBOR—President Bola Tinubu, on Thursday directed the Minister of State for Defence, Alhaji Bello Matawalle, to relocate to Kebbi State over the abduction of 24 schoolgirls in the state. Matawalle, who was formerly governor of Zamfara State, was asked to remain in the state to monitor security efforts to secure the release of - [US Lawmakers Commence Hearing On Genocide In Nigeria](https://businesstodayng.com/us-lawmakers-commence-hearing-on-genocide-in-nigeria/) - Following President Donald Trump’s recent redesignation of Nigeria as a Country of Particular Concern (CPC), a classification that places the West African nation under heightened scrutiny for alleged violations of religious freedom, United States House Subcommittee on Africa on Thursday commenced a public hearing to review it. It was gathered that lawmakers convened at 5 - [Ebonyi Man Allegedly Hangs Self After Hearing Strange Voices](https://businesstodayng.com/ebonyi-man-allegedly-hangs-self-after-hearing-strange-voices/) - Ebonyi State police Command on Thursday confirmed that 24-year-old man named Joshua Kosoro has hanged himself after telling his relatives that he was hearing strange voices at Umuogodo Akpu in Ohaukwu Local Government Area (LGA) state state. The Ebonyi State Police Public Relations Officer, SP Joshua Ukandu, who confirmed the sad development l, said the - [BREAKING: Nnamdi Kanu To Appeal Life Imprisonment Judgment, Says Lawyer](https://businesstodayng.com/breaking-nnamdi-kanu-to-appeal-life-imprisonment-judgment-says-lawyer/) - BY BODE ADEOYE—The leader of the Indigenous People of Biafra, Nnamdi Kanu, has said he will appeal the judgement by Abuja Federal High Court presided over by Justice Omotosho. Kanu’s former lawyer and consultant, Aloy Ejimakor, disclosed this that his client will appeal against the life imprisonment and other jail terms handed down to him. - [CAN President Condemns Kwara Church Attack, Demands Rescue Of Abducted Worshippers](https://businesstodayng.com/can-president-condemns-kwara-church-attack-demands-rescue-of-abducted-worshippers/) - The President of Christian Association of Nigeria (CAN), Archbishop Daniel Okoh on Thursday has condemned Tuesday’s bandit attack on the Christ Apostolic Church in Eruku, Kwara State, describing the incident as a heartbreaking reminder of the insecurity across the country. Recall that at least three worshippers were killed at the Christ Apostolic Church in Eruku, - [Breaking : Court Sentences Nnamdi Kanu To Life Imprisonment For Terrorism](https://businesstodayng.com/breaking-court-sentences-nnamdi-kanu-to-life-imprisonment-for-terrorism/) - After several years of standing trial on terrorism allegations, the leader of the proscribed Indigenous People of Biafra (IPOB), Nnamdi Kanu, has been sentenced to life imprisonment by a Federal High Court in Abuja presided over by Justice James Ommotosho on Thursday evening. Justice Omotosho sentences Nnamdi Kanu to life imprisonment on count 1, 2, - [One Officer Killed As Police Foil Kidnapping Attempt InAbuja](https://businesstodayng.com/one-officer-killed-as-police-foil-kidnapping-attempt-inabuja/) - The Federal Capital Territory (FCT) Police Command on Thursday confirmed that one of its officers died while repelling a kidnapping attempt in Guto village, an outskirts community in the Bwari Area Council. The FCT Command Public Relations Officer SP Josephine Adeh, who confirmed the sad development through a statement issued on Thursday, a statement signed - [Zamfara Govt To Wed 200 Orphans On Monday](https://businesstodayng.com/zamfara-govt-to-wed-200-orphans-on-monday/) - The Zamfara State Government, through the Zakkat and Endowment Board, on Thursday announced that it has concluded has concluded plans to sponsor the wedding of 200 orphans in the state. Executive Secretary of the Board, Malam Habibu Balarabe, who made this disclosure to newsmen in Gusau, the state capital, said the ceremony is scheduled for - [BREAKING: Court Convicts Nnamdi Kanu On Terrorism Charges](https://businesstodayng.com/breaking-court-convicts-nnamdi-kanu-on-terrorism-change/) - The leader of the proscribed Indigenous People of Biafra (IPOB), Nnamdi Kanu, on Thursday was found guilty on count 1 of the terrorism charges against him. A Federal High Court sitting in Abuja presided over by Justice Omotosho , who gave the verdict today said that the IPOB leader is guilty of committing an act - [Insecurity- Nuhu Ribadu, Top Nigeria’s Security Chiefs Hold Talks With US Congressman Riley Moore](https://businesstodayng.com/insecurity-nuhu-ribadu-top-nigerias-security-chiefs-hold-talks-with-us-congressman-riley-moore/) - Nigerian government delegation led by the National Security Adviser, Nuhu Ribadu and other top security chief have held high-level talks with A United States congressman, Riley M. Moore, a meet over concerns about rising attacks on Christians and the expanding footprint of terrorist groups in Nigeria. The Nigerian team included several senior officials: Minister of - [FG, States, LGs Share N2.09tn October Revenue](https://businesstodayng.com/fg-states-lgs-share-n2-09tn-october-revenue/) - The latest figure released by Federation Account Allocation Committee(FAAC) yesterday disclosed that the Federal Government, states, and local governments shared a total of N2.094tn as October 2025 revenue, slightly lower than the N2.103tn distributed for September. The latest figure shows a marginal shortfall of N9bn, representing a 0.43 per cent decrease month-on-month. The Director of - [Lassa Fever Death Toll Hits 177 as Nationwide Cases Rise to 966 in 10 Months](https://businesstodayng.com/lassa-fever-death-toll-hits-177-as-nationwide-cases-rise-to-966-in-10-months/) - The Nigeria Centre for Disease Control and Prevention(NCDCP) on Thursday confirmed that Lassa fever death toll in Nigeria has jumped to 177. The latest epidemiological report released by the health agency stated that as of epidemiological Week 44, 2025, the Case Fatality Rate now stands at 18.3 per cent, up from 16.5 per cent recorded - [RAN Presses For Mandatory Recycled Content Policy, Tax Reliefs For Sector](https://businesstodayng.com/ran-presses-for-mandatory-recycled-content-policy-tax-reliefs-for-sector/) - BY NKECHI NAECHE-ESEZOBOR-/The Recyclers Association of Nigeria (RAN) has called on the Federal Government and the National Assembly to prioritise a Minimum Plastic Recycling Content Policy and introduce tax incentives to support recycling companies and waste aggregators. The appeal follows the resolutions of the Association’s 2025 Annual Conference and Exhibition themed “Recycling for Prosperity: Creating - [ZULDAL Microfinance Bank Is Not Licensed — CBN](https://businesstodayng.com/zuldal-microfinance-bank-is-not-licensed-cbn/) - The Central Bank of Nigeria (CBN) on Thursday stated that Zuldal Microfinance Bank Limited is not licensed and has no authorisation to operate or conduct any form of banking or microfinance business in Nigeria. This was disclosed in a statement signed by Hakama Sidi Ali (Mrs.), Acting Director of Corporate Communications. For clarity, the statement - [LASACO Assurance Appoints Ademoye Shobo As Acting MD/CEO As Razzaq Abiodun Retires](https://businesstodayng.com/lasaco-assurance-appoints-ademoye-shobo-as-acting-md-ceo-as-razzaq-abiodun-retires/) - BY NKECHI NAECHE -ESEZOBOR—Lasaco Assurance Plc has announced the retirement of its Company's Managing Director, Mr. Razzaq Abiodun with effect from Thursday 6'^ November, 2025. This is contained in a notice signed by Gertrude Olutexunbi, the company Secretary, to the Nigerian Exchange Group and dealing members. Consequently, the Board of Directors has approved the appointment - [EFCC Arrests Archbishop Angel Oyeghe For Alleged Naira Abuse](https://businesstodayng.com/efcc-arrests-archbishop-angel-oyeghe-for-alleged-naira-abuse/) - Operatives of the Benin Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, on Tuesday November 18, 2025 arrested one Archbishop Angel Oyeghe for conspiracy, naira mutilation and suspected money laundering. The self-acclaimed Archbishop who is the founder of Faith Healing Ministry, Warri, Delta State was arrested following a viral video where several individuals - [The Vice President, Kashim Shettima, has arrived in Kebbi State to meet with the state government officials and families of schoolgirls abducted from Government Girls Secondary School, Maga](https://businesstodayng.com/photo-news-kebbi-school-abduction-vice-president-kashim-shettima-in-kebbi/) - The Vice President, Kashim Shettima, has arrived in Kebbi State to meet with the state government officials and families of schoolgirls abducted from Government Girls Secondary School, Maga. - [Northern Women Group Condemn abduction of Kebbi schoolgirls, demand action from FG](https://businesstodayng.com/northern-women-group-condemn-abduction-of-kebbi-schoolgirls-demand-action-from-fg/) - The abduction of schoolgirls from Government Girls Comprehensive Senior Secondary School, Maga, in Kebbi State have been denounced by Northern women under the aegis of Voices for Inclusion and Equity for Women (VIEW). VIEW described the development as a grave failure of leadership and a fresh assault on the nation’s conscience. In a strongly worded - [How Bandits Attacked Kwara Church, Abducted 35 Persons-Pastor](https://businesstodayng.com/pastor-narrates-how-bandits-attacked-kwara-church-abducted-35-persons/) - The pastor of the Christ Apostolic Church (CAC) Oke Isegun in Eruku town in Ekiti Local Government Area of Kwara State attacked by bandits, Pastor Abiodun Bamidele, on Wednesday narrated how the gunmen stormed the worship centre. Pastor Bamidele, who spoke to newsmen in the Eruku community where the incident happened, said the attackers killed - [Police Seal PDP Headquarters In Abuja](https://businesstodayng.com/police-seal-pdp-headquarters-in-abuha/) - Following a violent clash between rival factions of the main opposition party in Nigeria, the Peoples Democratic Party (PDP), operatives of the Nigeria Police Force on Wednesday sealed National Secretariat of the partylocated at Wadata Plaza, Abuja. .Recall that crisis erupted on Tuesday when supporters of the Saminu Turaki-led faction and loyalists of the Minister - [Africa Loses Over $50bn yearly To illicit Financial Flows-ICPC](https://businesstodayng.com/africa-loses-over-50bn-yearly-to-illicit-financial-flows-icpc/) - The Independent Corrupt Practices and Other Related Offences Commission (ICPC) on Wednesday disclosed that Africa loses over 50 billion dollars annually to illicit financial flows, undermining development and crippling public services. The Chairman, Dr Musa Aliyu (SAN) made this disclosure on Wednesday while speaking at the Realnews Magazine 13th Anniversary Lecture Series in Lagos with - [RMAFC Plans To Include Kogi As 13% Derivation Beneficiary](https://businesstodayng.com/rmafc-plans-to-include-kogi-as-13-derivation-beneficiary/) - Following the recognition of Kogi State as an oil-producing state, Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) on Tuesday announced its its readiness to include the state among states eligible for the 13 per cent derivation fund. Chairman of the Commission, Dr. Mohammed Shehu, made this disclosure on Tuesday, in Abuja, while receiving the Governor - [Benue Tops Nigeria’s Displacement Crisis With 39, 5852 –NHRC](https://businesstodayng.com/benue-tops-nigerias-displacement-crisis-with-39-5852-nhrc/) - The National Human Rights Commission (NHRC) has disclosed that Benue State remained one of Nigeria’s most troubled displacement flashpoints, out of 11 states with 39,852 displaced persons in six months. The Executive Secretary of NHRC, Dr Tony Ojukwu made this disclosure in Abuja at a consultation forum on protecting of Rights of Internally Displaced Persons - [Abuja Court Fixes Trial Of DSS-captured Ansaru Terror Suspects To January 2026](https://businesstodayng.com/abuja-court-fixes-trial-of-dss-captured-ansaru-terror-suspects-to-january-2026/) - A Federal High Court sitting in Abuja presided over by Justice Emeka Nwite on Wednesday ruled that the trial of two leaders of the Ansaru terrorist group, Mahmud Usman and Abubakar Abba, captured by the Department of State Services (DSS) will commence on January 15, 2026. The trial, which was formally scheduled slated to commence - [Hisbah Arrest Seven For immoral acts,Human Trafficking In Kano](https://businesstodayng.com/hisbah-arrest-seven-for-immoral-actshuman-trafficking-in-kano/) - At least seven people have been arrested by the Kano State Hisbah Board for allegedly engaging in immoral activities at a joint along Zoo Road in Kano metropolis. The Board’s Deputy Commander-General, Mujahideen Aminudeen, who made this disclosure to newsmen on Wednesday, said the arrests were made on Tuesday night following complaints from residents. “I - [Senator Okey Ezea Dies In UK While Receiving Medical Treatment](https://businesstodayng.com/senator-okey-ezea-dies-in-uk-while-receiving-medical-treatment/) - Senator Okey Ezea, who represented Enugu North Senatorial District and reportedly passed away in the United Kingdom on Tuesday while receiving medical treatment. His death marks him as the second serving senator from the South-East to die within two years, following the demise of Senator Ifeanyi Ubah of Anambra State, who also passed away in - [NCAA Fines Qatar Airways ₦5m Over Consumer Protection Violations](https://businesstodayng.com/ncaa-fines-qatar-airways-₦5m-over-consumer-protection-violations/) - The Nigerian Civil Aviation Authority (NCAA) on Wednesday announced that it has imposed a ₦5 million penalty on Qatar Airways for consumer protection infractions. The NCAA’s Director of Public Affairs & Consumer Protection, Michael Achimugu, announced the development through a post on his x handle on Wednesday. “Glad to announce that, today, the NCAA has - [Kebbi LG Chairman Releases Abducted Schoolgirls’ Names, Says All Of Them Are Muslims, Not Christians](https://businesstodayng.com/kebbi-lg-chairman-releases-abducted-schoolgirls-names-says-all-of-them-are-muslims-not-christians/) - The Chairman of Danko-Wasagu Local Government Area, HussainiAliyu, on Wednesday denied the claim by US lawmaker, Riley Moore alleging that the abduction of the Maga schoolgirls occurred in a Christian enclave. Recall that Riley, in a post on X handle called on all his followers to pray for the 25 girls, claimed to have knowledge - [Prison Escapee In Delta Police Net Over Murder 26-yr-old Woman](https://businesstodayng.com/prison-escapee-in-delta-police-net-over-murder-26-yr-old-woman/) - Delta State Police Command has confirmed the arrest of a prison escape in connection with the murder of one Christabel Egedefe, a 26-year-old woman, at Agbor, Ika South Local Government Area of the state. Delta State Police Command Public Relations Officer, Mr. Bright Edafe, who confirmed the development through a statement, said that the suspect, - [VFD Redeems ₦12.8b CP, Reinforcing Strong Liquidity And Credibility](https://businesstodayng.com/vfd-redeems-₦12-8b-cp-reinforcing-strong-liquidity-and-credibility/) - NKECHI NAECHE-ESEZOBOR—VFD Group PLC the fast-growing Principal Investment firm, has announced the successful, timely redemption of its ₦12.83 Billion Series 5 Commercial Paper (CP), issued under its ₦20 Billion Commercial Paper Programme. The redemption was executed on its maturity date of November 14, 2025, demonstrating the Group's unwavering commitment to market discipline. More importantly, the - [Two Killed As Bandit Attack Church In Kwara State](https://businesstodayng.com/two-killed-as-bandit-attack-church-in-kwara-state/) - A deadly bandits’ attack on a church in Eruku, Ekiti Local Government Area of the state, where at least two people were killed and about ten worshippers abducted during an evening service on Tuesday, has been confirmed by the state police command. The incident occurred around 6 p.m. at Christ Apostolic Church, Oke-Isegun, on Okeado - [Tinubu Postpones Trip To G20, AU-EU Summits, Awaits Reports On Kebbi, Kwara](https://businesstodayng.com/tinubu-postpones-trip-to-g20-au-eu-summits-awaits-reports-on-kebbi-kwara/) - President Bola Ahmed Tinubu has postponed his scheduled trip to Johannesburg, South Africa and Luanda, Angola, as he awaits further security briefings on the kidnapped Kebbi schoolgirls and the attack on Christ Apostolic Church worshippers in Eruku, Kwara State. In response to the request by the governor of Kwara State, President Tinubu has ordered the deployment - [Brawl: VDM, Jollof May Face Prosecution -NCAA](https://businesstodayng.com/brawl-vdm-jollof-may-face-prosecution-ncaa/) - BY NKECHI NAECHE-ESEZOBOR-The Director of Public Affairs and Consumer Protection at the Nigeria Civil Aviation Authority (NCAA), Michael Achimugu, on Tuesday said social media influencers, Martins Otse, better known as VeryDarkMan (VDM), and Freedom Atsepoyi, known as Mr Jollof, may face prosecution and possible jail terms ovet their fight alteration while onboard United Nigeria Airlines’ - [Your Call For Foreign Invasion Of Nigeria Is Reckless And Unpatriotic-APC Tells PDP](https://businesstodayng.com/your-call-for-foreign-invasion-of-nigeria-is-reckless-and-unpatriotic-apc-tells-pdp/) - BY NKECHI NAECHE-ESEZOBOR—The All Progressives Congress (APC) strongly condemns the call for foreign invasion of Nigeria by the new factional Chairman of the Peoples Democratic Party (PDP), Tanimu Turaki. While addressing the press today over the crisis ravaging his party, Turaki called on foreign powers to intervene in Nigeria to save the country from alleged - [RAN New Leadership Eyes Major Industry Reforms](https://businesstodayng.com/ran-new-leadership-eyes-major-industry-reforms/) - BY NKECHI NAECHE-ESEZOBOR-The Recyclers Association of Nigeria (RAN) has officially inaugurated its newly elected Board of Trustees (BOT), signaling a renewed commitment to strengthening Nigeria’s recycling ecosystem and advancing major industry reforms. The new BOT is led by Mr. Habib Ahmed as Chair and Mrs. Rita Idehai as Vice Chair. Other members include Mr. Allison - [Why I Can’t Reconcile Regina Daniels Again-Ned Nwoko](https://businesstodayng.com/why-i-cant-reconcile-regina-daniels-again-ned-nwoko/) - AMADI HYCENT—The lawmaker representing Delta North, Senator Ned Nwoko, has denied claims that he is seeking reconciliation with his estranged wife and Nollywood actress, Regina Daniels. Nwoko’s denial comes after Regina alleged that the senator had been sending members of his family to plead on his behalf while simultaneously “calling her out” online. Her colleague, - [Regina Daniels Makes More Shocking Claims About Ned Nwoko, Alleges He Introduced Her To Drug](https://businesstodayng.com/regina-daniels-makes-more-shocking-claims-about-ned-nwoko-alleges-he-introduced-her-to-drug/) - The social media war between Nollywood actress Regina Daniels and her husband, Senator Ned Nwoko over their marriage crisis is getting messier and messier on daily basis as the former made another shocking claim about her estranged husband. The actress, through her instagram, claimed that the Senator introduced her to a substance known as ‘Molly’. - [Fight Altercation : VeryDarkMan Apologises, Says He Acted Irresponsibly](https://businesstodayng.com/fight-altercation-verydarkman-apologises-says-he-acted-irresponsibly/) - Following his confrontation with comedian Freedom Atsepoyi, widely known as Mr Jollof, which caused delays on a United Nigeria Airlines flight, Nigerian Social media personality, Martins Otse, also known as VeryDarkMan, on Tuesday issued a public apology for his behavior. VeryDarkMan, who tender his apology while speaking in a video posted on his Instagram handle - [Mentally Unstable Man Kills Soldier In Lagos](https://businesstodayng.com/mentally-unstable-man-kills-soldier-in-lagos/) - Nigerian Army on Friday confirmed that a mental unstable man killed a soldier at the Imota area of Ikorodu, Lagos. It was gathered that the sad incident occurred on Sunday at around 4:00 pm while the soldier was deployed for internal security duties. The Acting Deputy Director Army Public Relations 81 Division Nigerian Army, Musa - [One Of 25 Abducted Kebbi Schoolgirls Escape, As Army Intensifies Search For Others](https://businesstodayng.com/one-of-25-abducted-kebbi-schoolgirls-escape-as-army-intensifies-search-for-others/) - As security forces intensified hunt for the abductors of Government Girls Comprehensive Secondary School in Kebbi State, one of the 25 students abducted from a secondary school in Maga, Kebbi State, has escaped her captors and returned home safely. The school’s principal, Musa Rabi Magaji, confirmed the development as security forces intensify efforts to rescue - [US Museum Returns Two Benin Bronzes To Nigeria](https://businesstodayng.com/us-museum-returns-two-benin-bronzes-to-nigeria/) - The Head of Nigeria’s National Commission for Museums and Monuments (NCMM), Olugbile Holloway, late on Tuesday night confirmed that Museum of Fine Arts in the US city of Boston has returned two of the famed Benin Bronzes to Nigeria. Holloway said the move represents “the return of a huge part of Nigeria’s history.” “As much - [NEFGAD Calls For Removal Of NSIB Boss Over Air Peace Runway Report](https://businesstodayng.com/nefgad-calls-for-removal-of-nsib-boss-over-air-peace-runway-report/) - President Bola Tinubu has been urged to sack with immediate effect the Director General of the Nigerian Safety and Investigation Bureau (NSIB), Mr Alex Badeh Jr. over the recent controversy surrounding the toxicology report. Network for the Actualization of Social Growth and Viable Development (NEFGAD), a civic organisation, made the called on Tuesday during a - [Nigeria’s Foreign Reserve Jumps To $46bn](https://businesstodayng.com/nigerias-foreign-reserve-jumps-to-46bn/) - The Governor of Central Bank of Nigeria (CBN), Yemi Cardoso onTuesday disclosed that foreign reserve has risen to over $46 billion Cardoso made this disclosure at the opening of the Monetary Policy Department’s 20th anniversary colloquium in Abuja on Tuesday morning. According to him, was the first time the country reached such a level since - [NIN–SIM Policy Removed 59.7m Phone Lines](https://businesstodayng.com/nin-sim-policy-removed-59-7m-phone-lines/) - The Nigerian Communications Commission (NCC) 2024 Subscriber/Network Performance Report has disclosed that the country’s telecommunications industry recorded one of its sharpest corrections in recent years, with active voice subscriptions falling by 59.7 million in 2024 following the strict enforcement of the National Identification Number–Subscriber Identity Module policy. According to the report, active subscriber base dropped - [Comedian Mr Jollof Apologises After Fight With VDM](https://businesstodayng.com/comedian-mr-jollof-apologises-after-fight-with-vdm/) - Nigerian comedian Freedom Okpetoritse Atsepoyi, popularly addressed as Mr Jollof, on Tuesday made public his brawl with social media personality VeryDarkMan on flight of United Nigeria Airlines. Mr. Jollof while speaking on Instagram on Tuesday, revealed the circumstances surrounding the incident, explaining that he is not naturally violent and only acted to defend himself. The - [US Lawmaker Condemns Abduction of Kebbi Schoolgirls, Calls For Prayers For Victims](https://businesstodayng.com/us-lawmaker-condemns-abduction-of-kebbi-schoolgirls-calls-for-prayers-for-victims/) - Riley Moore, a United States lawmaker, on Tuesday reacted to the abduction of schoolgirls from Government Secondary School, Maga, in the Danko-Wasagu Local Government Area of Kebbi State. Moore, through a post shared on X handle on Tuesday, condemned the incident and called for prayers for the victims. “Please join me in praying for the - [35 Months Unpaid Benefits: NITEL, MTEL Pensioners Stage Protest In Abuja](https://businesstodayng.com/35-months-unpaid-benefits-nitel-mtel-pensioners-stage-protest-in-abuja/) - Barely a day after parents of students on a government scholarship abroad blocked the Federal Ministry of Finance in Abuja, demanding owed benefits for their children, pensioners of the defunct NITEL-MTEL on Tuesday also staged a protest at the same ministry demanding the payment of their long-overdue entitlements. It was gathered that the protesters, mostly - [Wike-led PDP Faction Expels Makinde, Mohammed, Bode George, Others](https://businesstodayng.com/wike-led-pdp-faction-expels-makinde-mohammed-bode-george-others/) - The crisis rocking the main opposition party, Peoples Democratic Party(PDP), continues as the factional National Executive Committee loyal to the Minister of the Federal Capital Territory, Nyesom Wike, on Tuesday ratified the expulsion of Governors Seyi Makinde of Oyo State, Bala Mohammed of Bauchi State, and Dauda Lawal of Zamfara State. The faction did not - [Customs Thwart Drug Trafficking, Seized ₦2.5bn Narcotics](https://businesstodayng.com/customs-thwart-drug-trafficking-seized-₦2-5bn-narcotics/) - The Nigerian Custom Service Tin Can Island Port Command Area Controller, Comptroller Frank Onyeka on Tuesday announced that officials of the command have seized illicit drugs valued at over ₦2.5 billion. Onyeka, who made this disclosure through a statement shared by the command on X on Tuesday, disclosed that the seizure followed a routine examination - [Christian Genocide Is Real In Nigeria-CAN](https://businesstodayng.com/christian-genocide-is-real-in-nigeria-can/) - The President of Christian Association of Nigeria (CAN), Archbishop Daniel Okoh, on Tuesday insisted that there is a Christian genocide in the country, citing years of unspeakable tragedy, persecution, and insecurity faced by Christians in the country. Archbishop Okoh stated this on Tuesday at the ongoing Fourth Quarterly National Executive Council Meeting of the association - [Sexual Harassment: UNICAL Law Dean To Spend 5- Year In Prison](https://businesstodayng.com/sexual-harassment-unical-law-dean-to-spend-5-year-in-prison/) - The Federal High Court in Abuja presided over by Justice James Omotosho, on Monday sentenced Prof. Cyril Ndifon, the suspended Dean of Faculty of Law, University of Calabar (UNICAL) to five years’ imprisonment without an option of fine over sexual harassments allegations Justice Omotosho delivered the verdict after holding that the Independent Corrupt Practices and - [Fleeing Suspected Drug Barons Abandon Cannabis Laden Vehicle In Edo](https://businesstodayng.com/fleeing-suspected-drug-barons-abandon-cannabis-laden-vehicle-in-edo-you/) - The Edo State Commander of the National Drug Law Enforcement Agency (NDLEA), Dr Mitchell Ofoyeju, on Monday disclosed that fleeing members of a suspected drug trafficking cartel have abandoned two Sienna vehicles conveying 1,455 kg of cannabis in the state. Ofoyeju, said development followed an intensified operational effort by operatives of the agency. The NDLEA - [President Tinubu Commends Super Eagles, Urges Team To Prepare For African Nations Cup](https://businesstodayng.com/president-tinubu-commends-super-eagles-urges-team-to-prepare-for-african-nations-cup/) - President Bola Tinubu commends the Super Eagles for putting up their best efforts towards qualifying for the FIFA World Cup, despite their loss in the playoffs on Sunday. The President charges the Eagles to put behind them the loss to the Democratic Republic of Congo and prepare for the African Cup of Nations, which will - [Customs Confirms Seizure Of Lion Cub, Monkeys Bound For Benin Republic](https://businesstodayng.com/customs-confirms-seizure-of-lion-cub-monkeys-bound-for-benin-republic/) - The Nigeria Customs Service, Seme Area Command, on Monday confirmed seizure of some endangered species, including a cub and two patas monkeys, at Gbaji, on the Badagry-Seme Road, that were about to be smuggled to the Benin Republic. The Public Relations Officer of the command, Isah Sulaiman, who confirmed the development through a statement issued - [Dangote Refinery Denies15% Tariff Policy Suspension Influence Price Drop](https://businesstodayng.com/dangote-refinery-denies15-tariff-policy-suspension-influence-price-drop/) - Dangote Petroleum Refinery on Monday categorically denied the claims that the recent fall in petrol pump prices was triggered by the Federal Government’s suspension of a 15 per cent import tariff, insisting the adjustment was driven solely by its own downward review of Premium Motor Spirit prices. According to the company, it had reduced its - [Alleged Christian Genocide : US Congress To Probe Nigeria Thursday](https://businesstodayng.com/alleged-christian-genocide-us-congress-to-probe-nigeria-thursday/) - The United States House of Representatives Subcommittee on Africa has fixed Thursday, November 20, 2025, as the date to begin an investigation into President Donald Trump’s recent redesignation of Nigeria as a Country of Particular Concern, over Christian killings in Nigeria. The invite to the members of the Committee on Foreign Affairs, according to Channels - [Alleged Genocide: Nicki Minaj To Address Nigeria’s Crisis At UN Assembly On Tuesday](https://businesstodayng.com/alleged-genocide-nicki-minaj-to-address-nigerias-crisis-at-un-assembly-on-tuesday/) - American rapper Onika Maraj-Petty, widely known as Nicki Minaj, is scheduled to speak at a United Nations event in New York on Tuesday, where she is expected to address reported jihadist attacks on Christians in Nigeria. Minaj will appear alongside the United States ambassador to the UN, Michael Waltz, and Alex Bruesewitz, an adviser to - [FCT Police Deny Reported Assassination Attempt On Lt Ahmed Yerima’s life](https://businesstodayng.com/fct-police-deny-reported-assassination-attempt-on-lt-ahmed-yerimas-life/) - The Federal Capital Territory Police Command late on Sunday night denied reports that a Nigerian Navy officer, Lt. Ahmed Yerima, survived an assassination attempt in Abuja, describing the claims as false and unverified. The FCT police denial comes after news outlets and social media posts circulated that Yerima was trailed by unidentified men dressed in - [Seplat Energy Takes Media Workshop to Imo State, Empowers 25 Journalists](https://businesstodayng.com/seplat-energy-takes-media-workshop-to-imo-state-empowers-25-journalists/) - Seplat Energy Plc, leading Nigeria indigenous energy company, has continued its tradition of empowering the media with knowledge and tools for professional growth through a two-day capacity-building workshop for journalists in Imo State. The training, held in Owerri, brought together 25 journalists from both print and electronic media across the state for an intensive learning - [Police Confirm Abduction of 25 Students of Kebbi Girls’ School, Commence Rescue Operation](https://businesstodayng.com/police-confirm-abduction-of-25-students-of-kebbi-girls-school-commence-rescue-operation/) - The Kebbi State Police Command on Monday confirmed that terrorists invaded Maga communityin Danko/Wasagu Local Government Area in Kebbi State and attack Government Girls’ Comprehensive Secondary School, and abducted 25 students and killing a staff member. The Kebbi State Police Command Public Relations Officer, CSP Nafiu Abubakar Kotarkoshi, who confirmed the development through issued on - [Linkage Assurance Launches Mobile App to Deepen Digital Insurance Access In Nigeria](https://businesstodayng.com/linkage-assurance-launches-mobile-app-to-deepen-digital-insurance-access-in-nigeria/) - L-R: Mr. Anthony Saiki, Chief Marketing Officer, Linkage Assurance Plc; Emmanuel Otitolaiye, Chief Financial Controller, Linkage Assurance Plc; Mr. Okanlawon Adelagun, Executive Director (Technical), Linkage Assurance Plc; Mr. Abiodun Iderawunmi, Group Managing Director, Wetherheads Group Advertising; Mr. Daniel Braie, Managing Director/CEO, Linkage Assurance Plc; Mr. Ebitare Otrofanowei, former Commissioner of Finance, Bayelsa State; and Mr. - [Hilal Takaful Insurance Appoints Hassan Olanrewaju As MD/CEO](https://businesstodayng.com/hilal-takaful-insurance-appoints-hassan-olanrewaju-as-md-ceo/) - Hilal Takaful Nigeria Limited, a subsidiary of Cornerstone Insurance Plc, has announce the appointment of Mr. Hassan Olanrewaju as its new Managing Director/Chief Executive Officer, effective immediately. This strategic leadership appointment underscores the company’s commitment to ethical insurance practices, innovation, and participant-focused service delivery. A Chartered Insurance Professional with over two decades of experience, Mr. - [Nigeria’s inflation rate drops to 16% In October](https://businesstodayng.com/nigerias-inflation-rate-drops-to-16-in-october/) - The National Bureau of Statistics (NBS) on Monday announced that Nigeria’s headline inflation rate has dropped to 16.05 per cent in October 2025. The NBS made this disclosed in its Consumer Price Index and Inflation report released on its verified X (formerly Twitter) handle on Monday. According to the report, the inflation rete fell from - [Nollywood Actor Baba Ijesha Enters Lagos Sexual Offenders Register](https://businesstodayng.com/nollywood-actor-baba-ijesha-enters-lagos-sexual-offenders-register/) - The Lagos State Domestic and Sexual Violence Agency on Monday confirmed that Nollywood comic character, Olanrewaju James, popularly addressed as Baba Ijesa, has been officially added to the Lagos State Sex Offenders Register after completing his jail term for sexually assaulting a minor. The agency, which made this disclosure through a statement shared on its - [United Nigeria Airlines Hands Over VeryDarkMan, Comedian Mr Jollof To Security After In-flight Fight](https://businesstodayng.com/united-nigeria-airlines-hands-over-verydarkman-comedian-mr-jollof-to-security-after-in-flight-fight/) - United Nigeria Airlines on Monday announced that it has handed famous Nigerian social media figures Martins Vincent Otse, known as VeryDarkMan, and also popular entertainer Freedom Okpetoritse Atsepoyi, also known as Mr Jollof, over to airport security on Monday after a heated altercation while boarding a scheduled Asaba–Lagos flight. According to airline, the altercation forced - [Unpaid 16 Months Allowances: Parents of Foreign Students Stage Protest At Finance Ministry](https://businesstodayng.com/unpaid-16-months-allowances-parents-of-foreign-students-stage-protest-at-finance-ministry/) - Parents of Nigerian students studying abroad on government scholarships on Monday blocked the entrance of the Federal Ministry of Finance in Abuja, protesting the non-payment of outstanding 16 months allowances owed to their children. According to the protesters, their children, who are on various bilateral education agreements and other scholarship schemes, have not received - [23 Schools Compete As Rex Insurance Holds Second Spelling Bee Competition](https://businesstodayng.com/23-schools-compete-as-rex-insurance-holds-second-spelling-bee-competition/) - BY NKECHI NAECHE-ESEZOBOR—In a vibrant showcase of intellect and youthful talent, Rex Insurance Limited has successfully hosted the second edition of its Interschool Spelling Bee Competition, featuring 23 public schools across Lagos State—each represented by two outstanding students. The event which was took place recently at the company’s Head Office in Victoria Island, Lagos was - [PFAs Must Display Six-Month Returns on Pension Savings, PenCom Directs](https://businesstodayng.com/pencom-ends-daily-unit-price-disclosure-introduces-six-month-returns-for-pfas/) - BY NKECHI NAECHE-ESEZOBOR—As part of efforts to improve transparency and standardize reporting across the pension industry, the National Pension Commission (PenCom), has issued a new directive mandating all Licensed Pension Fund Administrators (PFAs) to update investment information displayed on their homepage of official websites. This is contained in a circular with reference PenCom/INSP/Surv/2025/1586, dated 12 - [Veritas Kapital Achieves Major Gains In Q3 2025, As Claims Settlement Hits ₦10.6bn](https://businesstodayng.com/veritas-kapital-achieves-major-gains-in-q3-2025-as-claims-settlement-hits-₦10-6bn/) - BY NKECHI NAECHE-ESEZOBOR—Veritas Kapital Assurance Plc has published its financial results for the third quarter ended September 30, 2025, reflecting yet another confident step forward in its ongoing transformation journey. The figures demonstrate not only steady financial growth but also a deeper alignment between the company’s purpose, performance, and people-focused values. Steady Growth in Key - [Universal Insurance Strengthens Market Footprint With 388% Surge In Profit, As GPW Hits N18.59bn In 9 Months](https://businesstodayng.com/universal-insurance-strengthens-market-footprint-with-388-surge-in-profit-as-gpw-hits-n18-59bn-in-9-months/) - BY NKECHI NAECHE-ESEZOBOR—Universal Insurance Plc has released its account for nine months ended September 2025,, showing significant growth in profitability and improved financial position. The insurer profit after tax went up to N1.13 billion, up from N230.6 million in the same period of 2024 — a 388% increase while profit before tax grew to N1.13 - [Tinubu To Appoint Ambassadors To Embassies Soon – Presidency](https://businesstodayng.com/tinubu-to-appoint-ambassadors-to-embassies-soon-presidency/) - Following calls in various quarters for the President Bola tinubu to appoint ambassadors to man foreign missions, the presidency on Sunday said that Tinubu will soon announce the appointment of ambassadors to man Nigeria embassies in different parts of the world. Recall that President Tinubu in September 2023, recalled all ambassadors from Nigeria’s 109 foreign - [Pope Leo Expresses Concern Over Persecution Of Christians In Nigeria, Other Countries](https://businesstodayng.com/pope-leo-expresses-concern-over-persecution-of-christians-in-nigeria-other-countries/) - Pope Leo Raises Alarm Over Christians Discrimination In Nigeria, Other Countries The Head of the Catholic Church and sovereign of Vatican City, Pope Leo XIV, on Sunday raised alarm over rising discrimination and persecution faced by Christians in several countries, including Nigeria. Pope Leo, who raised the concern through a statement on his X handle - [Delta APC Acting Chairman Shot Dead, Omo-Agege Mourns](https://businesstodayng.com/delta-apc-acting-chairman-shot-dead-omo-agege-mourns/) - Felix Ese Idisi, the acting chairman of the All Progressives Congress, APC, Felix Ese Idisi, has been shot dead on Sunday . Although the details of the sad development, which happened on Sunday is yet to be confirmed as at the time of filing this report, but the former Deputy President of the Senate, Sen. - [Lieutenant Yarima Escapes Assassination Attempt In Abuja](https://businesstodayng.com/lieutenant-yarima-escapes-assassination-attempt-in-abuja/) - Lt. A.M. Yarima, a Nigerian Navy officer, who few days clashed with the Minister of the Federal Capital Territory, Nyesom Wike, narrowly escaped an assassination attempt on Sunday evening. This latest development comes just days after Lt. Yarima was involved in a heated confrontation with the FCT Minister at a disputed land site in Gaduwa - [Lagos Govt Says Nollywood Actor Baba Ijesha Completed Jail Term, Not Cleared](https://businesstodayng.com/lagos-govt-says-nollywood-actor-baba-ijesha-completed-jail-term-not-cleared/) - The Lagos State Government, through the Lagos State Attorney-General and Commissioner for Justice, Lawal Pedro, SAN, on Sunday denied reports claiming that Nollywood actor Olanrewaju James, popularly known as Baba Ijesha, was freed after being cleared by the Court of Appeal. Pedro,who described the claims as “false, misleading and irresponsible,” while addressing newsmen on Sunday, - [FG To Establish 500 CNG Stations Nationwide In Three Yearsse Mitch](https://businesstodayng.com/fg-to-establish-500-cng-stations-nationwide-in-three-yearsse-mitch/) - As part of efforts to accelerate Nigeria’s transition to cleaner, cheaper fuels and ease pressure on petrol consumption, the Federal Government on Sunday announced plans to set up 500 Compressed Natural Gas refuelling stations across the country within three years. The Executive Director of the Midstream and Downstream Gas Infrastructure Fund MDGIF, Oluwole Adama, who - [Tragedy In US As Nigerian Man kills Father, Stabs Two Sisters](https://businesstodayng.com/tragedy-in-us-as-nigerian-man-kills-father-stabs-two-sisters/) - Operatives of the New Orleans police have arrested 27-year-old man, Chukwuebuka Eweni, after reportedly stabbing his father to death and injuring his two sisters in a domestic attack on Pebble Street. Family members, who told a local outlet, WWL Louisiana that the deceased, Samuel Eweni,was a computer sciences professor at Southern University at New Orleans, - [Leadway Assurance Appoints Adebisi Lamikanra As First Female Board Chairperson](https://businesstodayng.com/leadway-assurance-appoints-adebisi-lamikanra-as-first-female-board-chairperson/) - Leadway Assurance, Nigeria's leading insurance company, has announced the appointment of Mrs. Adebisi Lamikanra as the new Chairperson of the Board, following the tenure expiration and formal retirement of General (Rtd) Martin Luther Agwai, CFR, who has admirably served as Board Chairman since November 2016. A Chartered Accountant and Fellow of the Institute of Chartered - [DSS Nabs Suspected Arms Dealer In Plateau](https://businesstodayng.com/dss-nabs-suspected-arms-dealer-in-plateau/) - The Department of State Services, ( DSS), on Sunday confirmed that its operatives have arrested a suspected armed dealer linked to attacks in Plateau State and neighbouring areas. According to the secret service, the suspect was arrested on November 12, 2025 by its operatives, following intelligence that led operatives to his workshop in the Mista - [SERAP To CBN: Account For Missing N3tn Or Face Legal Action](https://businesstodayng.com/serap-to-cbn-account-for-missing-n3tn-or-face-legal-action/) - Socio-Economic Rights and Accountability Project (SERAP), had given a 7-day ultimatum to Central Bank of Nigeria, (CBN) to account for the allegedly missing N3tn flagged by the Auditor-General, warning of legal action if the bank fails to respond. SERAP said the allegations, published on September 9, 2025, point to major breaches of financial regulations and - [NDLEA Arrest Wanted Drug Baron, Frank Chijioke Ibemesi, Recovers Large Drug Shipment, Forex In Lagos Hideout](https://businesstodayng.com/ndlea-arrest-wanted-drug-baron-frank-chijioke-ibemesi-recovers-large-drug-shipment-forex-in-lagos-hideout/) - Operatives of a Special Operations Unit of the National Drug Law Enforcement Agency (NDLEA), has arrested wanted drug baron Frank Chijioke Ibemesi in Lagos. According to NDLEA, his arrest was achieved after weeks of intelligence and surveillance on his criminal activities. The 42-year-oldFrank Chijioke Ibemesi who is the MD/CEO of Franc CJ Ibemesi Nig Ltd - [FG Again Denies Christian Genocide In Nigeria](https://businesstodayng.com/fg-again-denies-christian-genocide-in-nigeria/) - The Federal Government, through the Attorney General of the Federation and Minister of Justice, Lateef Fagbemi (SAN), on Saturday denied claims suggesting that Christians are being targeted or killed in Nigeria. Fagbemi, who stated this at in Erin-Ile, Oyun Local Government Area of Kwara State, insisted that no religious group was under persecution in the - [FG Vows To End Frequent Power Grid Collapses](https://businesstodayng.com/fg-vows-to-end-frequent-power-grid-collapses/) - The Federal Government, said is working hard to end frequent power grid collapses in Nigeria and achieving grid stability and reliability in the power sector Nigeria has experienced frequent grid collapses caused by a combination of factors, including ageing and poorly managed infrastructure, lack of funding, and vandalism. These factors have caused widespread blackouts that - [Leaked Medical Reports On Regina Daniel's Are Genuine -Ned Nwoko](https://businesstodayng.com/leaked-medical-reports-on-regina-daniels-are-genuine-ned-nwoko/) - Senator Ned Nwoko on Saturday affirmed the authenticity of the leaked medical reports of Regina Daniels currently circulating online. This is contained in a two-part statement posted on Senator Nwoko’s Instagram page and signed by the head of his Communication Team. In the statement, the Senator addressed ongoing concerns about substance abuse involving his estranged - [PDP Faction Confirms Damagum As Substantive National Chairman At Ibadan Convention](https://businesstodayng.com/__trashed/) - In what been described bringing an end to months of speculation about the party’s leadership structure, a faction of Peoples Democratic Party (PDP) on Saturday officially confirmed Ambassador Umar Damagum as its substantive National Chairman His ratification took place on Saturday at the 2025 Elective National Convention held inside the main bowl of the Lekan - [Customs Seize 108,775 Litres Of PMS in Adamawa](https://businesstodayng.com/customs-seize-108775-litres-of-pms-in-adamawa/) - In what has been describe as one of the largest anti-fuel smuggling operations recorded in Adamawa State in recent months, the Nigeria Customs Service on Thursday intercepted 108,775 litres of Premium Motor Spirit being smuggled through the River Benue into Cameroon. The Customs, which confirmed the seizure on its official X handle on Saturday, said - [12-year-old Girl Dies, After Falling Into Domestic Well](https://businesstodayng.com/12-year-old-girl-dies-after-falling-into-domestic-well/) - Residents of Busari Alao Street, Ikoyi community, Irewolede area of Ilorin in the Ilorin West Local Government Area of Kwara State are presently in mourning mood as 12 –year-old girl nemed Nabilat, reportedly fell into a domestic well and was recovered dead. It was gathered that the incident occurred on the morning of Saturday at - [PDP Crisis Escalates As Party Faction Expels Wike, Fayose, Anyanwu, Others Over Alleged Anti-Party Activities](https://businesstodayng.com/pdp-crisis-escalates-as-party-faction-expels-wike-fayose-anyanwu-others-over-alleged-anti-party-activities/) - The crisis rocking is the main opposition party in Nigeria, the Peoples Democratic Party(PDP) is festering like an open sore as the faction of the party led by Umar Damagun on Saturday expelled Minister of the Federal Capital Territory, Nysesom Wike, the party’s National Secretary, Samuel Anyanwu and former Governor of Ekiti, Ayodele Fayose. Also - [FCT Minister offers 5,000 Households Free Cooking Gas Cylinder, Six-month Refill](https://businesstodayng.com/fct-minister-offers-5000-households-free-cooking-gas-cylinder-six-month-refill/) - At least 5,000 households in Abuja are set to benefit from full implementation of the Federal Capital Territory Administration (FCTA)‘Breathe Clean Air Initiative as they are also enjoy free gas cylinders with free refill of their cooking gas for six months. The FCTA said the project is part of its broader strategy to promote environmental - [Ondo Assembly Crisis: Speaker Denies ‘Impeachment Plot,’ Diverting N50m](https://businesstodayng.com/ondo-assembly-crisis-speaker-denies-impeachment-plot-diverting-n50m/) - Olamide Oladiji , the embattled Ondo State House of Assembly Speaker, on Saturday denied the impeachment against him by a group of aggrieved lawmakers, describing the move as politically motivated and lacking in substance. Recall that lawmakers last Thursday passed a vote of no confidence in the Speaker, accusing him of diverting N50 million and - [Edo Police Arrest 21 Secondary Students For Allegedly Planning Violent Cult Attack](https://businesstodayng.com/edo-police-arrest-21-secondary-students-for-allegedly-planning-violent-cult-attack/) - Operatives of the Edo State Police Command have arrested at least 21 secondary school students for allegedly planning violent cult attack. They were arrested after a tip-off and weapons such as knives and a chain were recovered from them. The suspects, who are students of Ogioma Public Secondary School, were allegedly planning to attack Osemwende - [One Die, Six Others Injure During Stampede At Minister of Defense Residence In Zamfara](https://businesstodayng.com/one-die-six-others-injure-during-stampede-at-minister-of-defense-residence-in-zamfara/) - At least one person died and six others injured during stampede at the residence of the Minister of Defense, Alhaji Bello Matawalle in Gusau, Zamfara State, on Thursday. Security expert, Zagazola Makama, who confirmed the development through a post on his official x handle on Friday, quoting a military sources, said that the incident occurred - [33m Nigerians May Starve In 2026-Says Red Cross](https://businesstodayng.com/33m-nigerians-may-starve-in-2026-says-red-cross/) - The Nigerian Red Cross Society (NRCS) Friday raised alarm warning that over 33 million Nigerians may face severe hunger and malnutrition in 2026 if drastic measures are not taken.‎‎ The Secretary-General of the society, Dr. Abubakar Kende, raised the alarm on Friday in Abuja at a ceremony to unveil its Nutrition Advocacy Plan.‎‎ The event - [Anambra Govt Arrests Seven illegal Revenue Collectors](https://businesstodayng.com/anambra-govt-arrests-seven-illegal-revenue-collectors/) - At least seven illegal revenue collectors operating in various communities across Anambra State have been arrested on Friday by state government, through through the Anambra State Internal Revenue Service. The suspects were apprehended at Umueze Anam in Anambra West Local Government Area, Umueri in Anambra East LGA, and Nkpor along Obosi Road in Idemili North - [Abuja Court Issues Final Order Stopping PDP National Convention](https://businesstodayng.com/abuja-court-issues-final-order-stopping-pdp-national-convention/) - A Federal High Court sitting in Abuja presided over by Justice Peter Lifu on Friday issued a final order stopping the People’s Democratic Party (PDP) from proceeding with its 2025 National convention scheduled for Ibadan, Oyo State. The convention is scheduled to hold between November 15 and 16 for the purpose of electing national officers - [Lagos To Issue N1tn Asset-backed Securities In First Quarter Of 2026](https://businesstodayng.com/lagos-to-issue-n1tn-asset-backed-securities-in-first-quarter-of-2026/) - As part of efforts to deepen the capital market and unlock value from state-owned assets, the Lagos State Government, through the Ministry of Finance, on Thursday announced plans to issue N1tn worth of asset-backed securities in the first quarter of next year. The state Commissioner for Finance, Oluyomi Abayomi, who made this disclosure at the - [PDP Dares Court Order, Says Convention To Hold In Ibadan](https://businesstodayng.com/pdp-dares-court-order-says-convention-to-hold-in-ibadan/) - The main opposition party in Nigeria, the Peoples Democratic Party (PDP), has dared court order stopping it from hold its convention from holding in Ibadan, Oyo State capital between November 15th and 16th, 2025, as Adamawa State governor and Chairman, Convention Planning Committee, Ahmadu Fintiri, disclosed stated that the party is heading to the state - [PTAD Completes Payment Of N3.9bn Pension Arrears To 91,146 Retirees](https://businesstodayng.com/ptad-completes-payment-of-n3-9bn-pension-arrears-to-91146-retirees/) - The Pension Transitional Arrangement Directorate on Friday announced that it has completed the payment of N3.9bn arrears to 91,146 eligible pensioners under the Defined Benefit Scheme. The Head of Corporate Communications, Mr Olugbenga Ajayi, who made this disclosure through a statement issued in Abuja on Friday, said the payment was part of the N32,000 increment - [Tinubu Renews Appointment Of Buba Marwa As NDLEA Chairman](https://businesstodayng.com/tinubu-renews-appointment-of-buba-marwa-as-ndlea-chairman/) - President Bola Tinubu Friday announced the renewal of the appointment of Brigadier-General (rtd) Mohammed Buba Marwa as Chairman of the National Drug Law Enforcement Agency (NDLEA) for another five-year term, extending his leadership until 2031. The Special Adviser to the President on Information and Strategy, Bayo Onanuga, made this disclosure through a statement issued Thursday. - [FG Targets Affordable Housing Boost Through SEC–FMBN Non-Interest Mortgage Collaboration](https://businesstodayng.com/fg-targets-affordable-housing-boost-through-sec-fmbn-non-interest-mortgage-collaboration/) - BY NKECHI NAECHE-ESEZOBOR—In a significant move aimed at tackling the nation's massive housing deficit and deepening financial inclusion, the Securities and Exchange Commission (SEC) and the Federal Mortgage Bank of Nigeria (FMBN) and have announced a strategic collaboration to develop a robust Non-Interest Mortgage (NIM) ecosystem. The partnership, unveiled at a high-level meeting in Abuja, - [NNPC Ltd Launches Health Insurance Package for Retail Attendants Nationwide](https://businesstodayng.com/nnpc-ltd-launches-health-insurance-package-for-retail-attendants-nationwide/) - The Nigerian National Petroleum Company Limited (NNPC Ltd) has upped the ante in its quest to advance workers’ welfare and improve quality of service to its customers by launching a health insurance scheme for service attendants across its petrol stations nationwide. The Attendants’ Health Insurance Scheme which was launched recently by the NNPC Retail Ltd, - [Ghana: Court Jails Two Nigerians For Providing False Information To NIA Officials](https://businesstodayng.com/ghana-court-jails-two-nigerians-for-providing-false-information-to-nia-officials/) - The National Identification Authority (NIA) has announced that two Nigerian nationals have been sentenced to 12 months in prison each for providing false information and possessing forged documents during the Ghana Card registration process. According to JOY ONLINE news portal, the Madina District Court II, presided over by Her Worship Susana Nyakotey, delivered the judgment - [NAICOM Strengthens Ties with Ministry of Interior To Drive Insurance Expansion](https://businesstodayng.com/naicom-strengthens-ties-with-ministry-of-interior-to-drive-insurance-expansion/) - The National Insurance Commission (NAICOM), on Thursday strengthened its collaboration with the Ministry of Interior through a strategic engagement aimed at advancing Nigeria’s insurance sector. The meeting between the Commissioner for Insurance, Mr. Olusegun Ayo Omosehin, and the Hon. Minister of Interior, Dr. Olubunmi Tunji-Ojo, us aimed to discuss critical developments and explore collaborative opportunities - [Edo Gov Sacks Two Edo Traditional Rulers](https://businesstodayng.com/edo-gov-sacks-two-edo-traditional-rulers/) - Edo State Governor, Monday Okpebholo, on Thursday announced the sack of the traditional rulers of Ososo and Ikpeshi/Egbegere clans in Akoko-Edo Local Government Area of the state. The affected monarchs are Bamidele Obaitan of the Ososo Kingdom and Zaiki Luckman Odamah III of the Ikpeshi/Egbegere Clan. The Secretary to the State Government, Umar Iklor, who - [The Alternative Bank Wins Innovative Bank Of The Year At AICIF 2025](https://businesstodayng.com/the-alternative-bank-wins-innovative-bank-of-the-year-at-aicif-2025/) - From left: Korede Demola-Adeniyi, Executive Director (South), The Alternative Bank; Jude Chiemeka, Chief Executive Officer, Nigerian Exchange Limited; Lukman Seriki, Internal Shariah Auditor, The Alternative Bank, and Ummahani Ahmad Amin, Conference Chair, African International Conference on Islamic Finance (AICIF), during the presentation of the Innovative Bank of the Year award to The Alternative Bank at the 7th AICIF - [FCCPC Sets January 5, 2026 Deadline For Digital-lending Ccompliance](https://businesstodayng.com/fccpc-sets-january-5-2026-deadline-for-digital-lending-ccompliance/) - The deadline for all digital lending platforms and intermediaries in Nigeria to fully comply with its new consumer lending regulations has been fixed for January 5, 2026 by the Federal Competition and Consumer Protection Commission (FCCPC). The agency directive follows the introduction of the regulations, which took effect on July 21, 2025, under the Federal - [NAFDAC Destroys N20bn substandard, Expired products in Oyo Dumpsite](https://businesstodayng.com/nafdac-destroys-n20bn-substandard-expired-products-in-oyo-dumpsite/) - The National Agency for Food and Drug Administration and Control, South-West Zone, on Thursday at Mniya dumpsite in Ibadan, Oyo State capital desroyed of unwholesome and substandard products worth over ₦20 billion. It was gathered that representatives of the Police, NCS, DSS, the Nigeria Immigration Service, and the Ministry of Health were present during the - [Eight Bag Six Months Jail Each For Phone Theft In Lagos](https://businesstodayng.com/eight-bag-six-months-jail-each-for-phone-theft-in-lagos/) - The Lagos State State Commissioner for the Ministry of Environment and Water Resources, Tokunbo Wahab, on Thursday disclosed that at least Eight phone snatchers arrested on the Mile 2 pedestrian bridge in the state have each been sentenced to six months’ imprisonment. Wahab, who confirmed the development through statement via his official X handle on - [JAMB Conducts CBT promotional Exams For 6,000 Civil Service Candidates](https://businesstodayng.com/jamb-conducts-cbt-promotional-exams-for-6000-civil-service-candidates/) - The Joint Admissions and Matriculation Board JAMB Registrar, Prof. Ishaq Oloyede, on Thursday disclosed that the conducted a computer-based promotional examination for 6,000 directorate cadre staff under the Federal Civil Service Commission. For candidates in the Federal Capital Territory, the examination was held at the JAMB Computer-Based Test Centre in Kogo, Bwari Area Council. Professor - [FG Confirms Owing Poultry Farmers ₦498.7m As Compensation For Losses](https://businesstodayng.com/fg-confirms-owing-poultry-farmers-₦498-7m-as-compensation-for-losses/) - The Federal Government, through the Ministry of Livestock Development, on Thursday confirmed that it has yet to pay compensation amounting to ₦498.7 million to 307 verified poultry farmers who suffered losses from avian influenza outbreaks between 2021 and 2023. The Permanent Secretary of the Ministry of Livestock Development, Dr Chinyere Akujobi, confirmed the development on - [House Of Reps Plans To Probe Delay In Payment of ₦498.7m Compensation For Poultry Farmers](https://businesstodayng.com/house-of-reps-plans-to-probe-delay-in-payment-of-₦498-7m-compensation-for-poultry-farmers/) - House of Representatives on Thursday expressed its determination to reform the livestock sector and investigate the prolonged delay in compensating poultry farmers affected by bird flu outbreaks across the country. This development arise Thursday when Permanent Secretary of the Ministry of Livestock Development, Dr Chinyere Akujobi confirmed that the Federal has yet to pay compensation - [FG Warns Against Panic Buying, Hoarding; Assures Of Adequate Petrol Supply](https://businesstodayng.com/fg-warns-against-panic-buying-hoarding-assures-of-adequate-petrol-supply/) - The Federal Government of Nigeria, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) on Thursday warned the public to avoid panic buying; saying it currently has enough petroleum products in the country to meet demands. The Director, Public Affairs Department, NMDPRA, George Ene-Ita, who made this disclosure through a statement issued on Thursday, - [Bill To Ban Child Soldiers Passes Second Reading](https://businesstodayng.com/bill-to-ban-child-soldiers-passes-second-reading/) - The Armed Forces (Repeal and Re-enactment) Bill, 2025, aimed to outlaw the recruitment of persons under the age of 18 into the military has passed the for second reading in the Senate on Thursday. The provision, which prohibits the enlistment of minors, aligns Nigeria’s military practices with the Child Rights Act (2003), the United Nations - [Nigeria: SEC To Begin T+2 Settlement Cycle Nov 28](https://businesstodayng.com/nigeria-sec-to-begin-t2-settlement-cycle-nov-28/) - The Securities and Exchange Commission (SEC) has announced that the Nigerian capital market will officially transition to a T+2 settlement cycle for equities transactions from Friday, November 28, 2025, in a move designed to align with global best practices and enhance market efficiency. The Commission disclosed this in a statement on Thursday, noting that the - [Agusto & Co. Assigns Cornerstone Insurance Plc An “A-” Rating With Stable Outlook](https://businesstodayng.com/agusto-co-assigns-cornerstone-insurance-plc-an-a-rating-with-stable-outlook/) - BY NKECHI NAECHE-ESEZOBOR—Agusto & Co. Limited, Nigeria’s foremost credit rating agency, has assigned Cornerstone Insurance Plc, a national scale financial strength rating of “A-” (A minus) with a Stable Outlook. In its 2025, the rating agency Rating agency affirmed the rating based on the company’s strong capitalisation, adequate liquidity, good asset quality, and an experienced - [FG Stops Implementation Of Planned 15% Import Duty On Diesel, Petrol](https://businesstodayng.com/fg-stops-implementation-of-planned-15-import-duty-on-diesel-petrol/) - The Federal Government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), on Thursday announced that it is no longer considering implementing the planned 15 per cent duty on imported petroleum products. Recall that President Bola Tinubu, on the 29th of October, approved an import tariff on petrol and diesel, a policy expected to - [Three Nigerians In Kenya Police Net Over Alleged cyber-fraud, illegal Stay](https://businesstodayng.com/three-nigerians-in-kenya-police-net-over-alleged-cyber-fraud-illegal-stay/) - Three Nigerians - Peter Chukwujekwu, Alazor Chukulute Sunday, and Nnalue Chiagozie Samwel, have been arrested by police authorities in Kenya for allegedly residing in the country illegally and engaging in cyber-related crimes. The suspects were arrested during a multi-agency raid at Mwaliko Estate in Mwea town, following reports of suspicious activities in their apartment. The - [Alleged Money Laundering: Witness Says He Was Never Kogi Govt House Account Officer](https://businesstodayng.com/alleged-money-laundering-witness-says-he-was-never-kogi-govt-house-account-officer/) - Mshelia Bata, the sixth prosecution witness of the Economic and Financial Crimes Commission (EFCC), Mshelia Bata, on Thursday told the Federal Capital Territory (FCT)High Court presided over by Justice Maryann Anenih that he was never the account officer of the Kogi State Government House Administration Account. Bata, who admitted the account was domiciled in a - [Lagos Seals Ejanla Restaurant In Lekki Over Environmental Violations](https://businesstodayng.com/lagos-seals-ejanla-restaurant-in-lekki-over-environmental-violations/) - The Lagos State Commissioner for Environment and Water Resources, Tokunbo Wahab, on Thursday disclosed that official of the state government on Thursday sealed Ejanla Restaurant at No. 40, Fola Osibo Street, Lekki, over environmental violations. Wahab, disclosed that officials of the Lagos State Wastewater Management Office (LSWMO) took the action after the restaurant was found - [80 Nigerian Migrants Deported Over illegal Stay In Libya](https://businesstodayng.com/80-nigerian-migrants-deported-over-illegal-stay-in-libya/) - The Migrant Rescue Watch, a group monitoring migrant welfare and human rights in Libya, on Thursday disclosed that Libyan authorities have deported 80 Nigerian migrants being held in various detention centres across the country. The group, which said the development was part of ongoing efforts to curb irregular migration and decongest holding facilities, added that - [PFN To Trump: Support Tinubu Against Insecurity, Rather Than Using Threats Of Military Intervention](https://businesstodayng.com/pfn-to-trump-support-tinubu-against-insecurity-rather-than-using-threats-of-military-intervention/) - The Pentecostal Fellowship of Nigeria has urged The United States President Donald Trump has been called upon on Thursday to partner with his Nigerian counterpart, Bola Tinubu, in addressing the nation’s security challenges, rather than resorting to threats of military intervention. The President of PFN Wale Oke, made the call during an interview on Channels - [NSCDC Arrests 20 Suspects Over kidnapping, Robbery, Others Nationwide](https://businesstodayng.com/nscdc-arrests-20-suspects-over-kidnapping-robbery-others-nationwide/) - As part of ongoing operations to clamp down on criminal activities across the country, operatives of the Nigeria Security and Civil Defence Corps have arrested 20 persons for various offences, allegedly posing threats to Nigeria’s national security. The NSCDC National Public Relations Officer, Babawale Afolabi, who made this disclosure on Thursday during a press briefing - [Norrenberger Buys Into NASD, Takes Over GTI’s 4.35% Equity Stake For N1.305bn](https://businesstodayng.com/norrenberger-buys-into-nasd-takes-over-gtis-4-35-equity-stake-for-n1-305bn/) - BY NKECHI NAECHE-ESEZOBOR—In a transaction that will reverberate across Nigeria's capital markets, Norrenberger Securities Limited has acquired a strategic 4.35% stake in NASD Plc for ₦1,305,708,600, executing what market insiders are calling the most significant institutional vote of confidence in the country's over-the-counter exchange in over a year. The blockbuster deal saw the GTI affiliated - [Prosperous Nigeria Dependent On Affordable, Reliable, Accessible Energy - Seplat](https://businesstodayng.com/prosperous-nigeria-dependent-on-affordable-reliable-accessible-energy-seplat/) - Seplat Energy PLC, leading Nigerian independent energy Company listed on both the Nigerian Exchange and the London Stock Exchange, says in the quest to build a prosperous Nigeria, the country must target an affordable, reliable and accessible energy regime for all. The Chief Operating Officer, Seplat Energy, Samson Ezugworie, said this whilst giving a keynote at the Opening - [Police Refute Alleged Plot to Release Expatriate Held in Child Abuse Case](https://businesstodayng.com/police-refute-alleged-plot-to-release-expatriate-held-in-child-abuse-case/) - The Lagos State Police Command has refuted reports that it was involved in the attempted plan to release a Lebanese National, who is in custody for the defilement of eight children. The command’s Public Relations Officer, SP Abimbola Adebisi, disclosed this in a statement to BusinesTodayNG that “The Lagos State Police Command is not involved - [How I Got Into Trouble For Skipping School To Perform In 2011-Davido](https://businesstodayng.com/how-i-got-into-trouble-for-skipping-school-to-perform-in-2011-davido/) - Famous Nigerian Afrobeats sensation, David Adeleke, popularly known as Davido, on Wednesday narrated how he got into trouble in 2011 for skipping school to perform in Ibadan, Oyo State capital, an experience he described as a defining moment in his early music career. Davido, son of Osun State multi-billionaire, who stated this through his official - [FG Seals 30-year Hydropower Project Deal With Quaint Energy](https://businesstodayng.com/fg-seals-30-year-hydropower-project-deal-with-quaint-energy/) - In what is regarded as one of the major milestone in Nigeria’s drive toward cleaner and more sustainable electricity generation, Federal Government on Wednesday signed a 30-year concession agreement with Quaint Energy for the development of the 6-megawatt Ikere Gorge Hydropower Project in Oyo State. Ikere Gorge Dam was conceived in the late 1970s, and - [Inflation Declines Further To 16.84% In October-Presidency](https://businesstodayng.com/inflation-declines-further-to-16-84-in-october-presidency/) - The Presidency on Wednesday projected that inflation will moderate further in the near term, supported by sustained exchange rate stability and improved food supplies from the ongoing harvest season, according to the Access Bank Plc Economic Intelligence Unit. Bayo Onanuga, spokesperson to President Bola Tinubu, disclosed this today via his official X account, that headline - [PenCom, NSIWC Launch Nationwide Sensitization On Pension Reforms, Unveils Milestone](https://businesstodayng.com/pencom-nsiwc-launch-nationwide-sensitization-on-pension-reforms-unveils-milestone/) - BY NKECHI NAECHE-ESEZOBOR—The National Pension Commission (PenCom) in collaboration with National Salaries, Incomes and Wages Commission (NSIWC) held a nationwide sensitization workshop on the workings of the Contributory Pension Scheme (CPS) for Pension Desk Officers (PDOs) and retirees across Nigeria’s six geopolitical zones. PenCom disclosed this via its official X Account that the Director General - [UN Food Agencies Raise Alarm Over Famine, Name Nigeria, Mali Among 16 Hunger Crisis Hotspots](https://businesstodayng.com/un-food-agencies-raise-alarm-over-famine-name-nigeria-mali-among-16-hunger-crisis-hotspots/) - Two UN food agencies- the Food and Agriculture Organisation (FAO) and the World Food Programme( FAO) on Wednesday released a report where they raised an alarm that millions more people around the globe could face famine, with funding shortfalls worsening already dire conditions. The joint report from the UN agencies said conflict and violence were - [Northern CAN Clarifies: Trump Did Not Threaten Nigeria, Called for Government to Act](https://businesstodayng.com/northern-can-clarifies-trump-did-not-threaten-nigeria-called-for-government-to-act-christian-association-of-nigeriacan-for-the-19-northern-states-and-the-federal-capital-territory-on-wednesday/) - Christian Association of Nigeria(CAN) for the 19 Northern States and the Federal Capital Territory, on Wednesday stated that the US President Donald Trump’s warning to Nigeria over the killings of Christians was misrepresented. The Chairman of the Northern CAN, Reverend Joseph Hayab, who stated this while speaking during an interview on The Morning Show on - [Tragedy In Ghana As Six Die During Military Recruitment Stampede](https://businesstodayng.com/tragedy-in-ghana-as-six-die-during-military-recruitment-stampede/) - Ghana Armed Forces has confirmed that no fewer than six people lost their lives on Wednesday after a stampede occurred during a military recruitment exercise at the El-Wak Sports Stadium in Accra, Ghana. The Acting Director-General of the Ghana Armed Forces Public Relations Directorate, Colonel Evelyn Asamoah, who confirmed the development through a statement issue - [Wike’s Aide Defends His Principal’s Drama With Naval Officer, Says Ex-Naval Chief Gambo Was Duped](https://businesstodayng.com/wikes-aide-defends-his-principals-drama-with-naval-officer-says-ex-naval-chief-gambo-was-duped/) - Lere Olayinka, the Senior Special Assistant on Publicity and Communications to the Minister of the Federal Capital Territory, Nyesom Wike, on Wednesday defended his principal’s drama during Tuesday’s confrontation with a naval officer in Abuja. According to Olayinka , the clash stemmed from an alleged fraudulent land transaction that deceived' a former naval chief into - [Bauchi Man Arrested For Allegedly Stealing School Desks](https://businesstodayng.com/bauchi-man-arrested-for-allegedly-stealing-school-desks/) - A named Umar Abubakar has been arrested by security operatives for allegedly stealing school desks from Yelwan Kundum Primary School in Bauchi Local Government Area of the state The Permanent Secretary, Bauchi State Universal Basic Education Board of the board, Abdulmuminu Jibrin, who confirmed the development through a statement issued to newsmen on Wednesday, said - [Defence Minister Reacts To Wike–Naval Officer Clash Drama In Abuja, Says We Are Investigating The Incident](https://businesstodayng.com/defence-minister-reacts-to-wike-naval-officer-clash-drama-in-abuja-says-we-are-investigating-the-incident/) - The Minister of Defence, Mohammed Badaru, on Wednesday disclosed that the ministry is investigating the altercations between the Minister of the Federal Capital Territory, Nyesom Wike, and a naval officer, A. M. Yerima, over a disputed piece of land in Abuja on Tuesday. Badaru, who made this disclosure while speaking during a press briefing to - [Tinubu Tells Editors To Guard Democracy, Curb Misinformation](https://businesstodayng.com/tinubu-tells-editors-to-guard-democracy-curb-misinformation/) - The Nigerian editors have been urged to uphold integrity, fairness in their reportage and to curb misinformation as these three are essential to sustaining democracy and national cohesion. President Bola Tinubu , who made the call on Wednesday while speaking at the opening of the Nigerian Guild of Editors’ Annual Conference held at the State - [Reps To Probe ₦20tn Abandoned FG Lands, Buildings](https://businesstodayng.com/reps-to-probe-₦20tn-abandoned-fg-lands-buildings/) - The House of Representatives on Wednesday announced that it has resolved to set up an ad hoc committee to investigate abandoned Federal Government–owned landed properties and buildings across the country, reportedly valued at over ₦20tn. This followed the adoption of a motion of urgent national importance sponsored by the Minority Leader, Kingsley Chinda (PDP, Rivers), - [From Nigeria to Zimbabwe: Dangote Commits US$1 Billion For Cement, Power & Mining Projects](https://businesstodayng.com/from-nigeria-to-zimbabwe-dangote-commits-us1-billion-for-cement-power-mining-projects/) - One of the world popular medium, Bloomberg has disclosed that the President/Chief Executive of the Dangote Group, Aliko Dangote, on Wednesday announced plans to invest up to $1 billion in Zimbabwe to develop cement and power plants, as well as a fuel pipeline. According to Bloomberg, Dangote, African richest businessman billionaire, made this disclosure to - [28000 Newborn Babies Die Within 28 Days Of Life Due Prematurity, Pneumonia -Minister](https://businesstodayng.com/28000-newborn-babies-die-within-28-days-of-life-due-prematurity-pneumonia-minister/) - At least 280,000 newborn babies die within the first 28 days of life due to the problems of prematurity in Nigeria. The country also records 162,000 childhood pneumonia-related deaths annually. The Coordinating Minister of Health and Social Welfare, Prof. Muhammad Pate, made this disclosure on Wednesday in Abuja during a briefing to commemorate the 2025 - [FG Scraps Policy On Use Of indigenous Languages For Teaching](https://businesstodayng.com/fg-scraps-policy-on-use-of-indigenous-languages-for-teaching/) - The Federal Government has scrapped the national policy mandating the use of indigenous languages as the medium of instruction in Nigerian schools, citing data showing poor academic performance in areas where mother-tongue instruction had been emphasised. It was gathered that the cancellation was approved at the 69th meeting of the National Council on Education, held - [ASUU Warns FG Against Delay In renegotiation](https://businesstodayng.com/asuu-warns-fg-against-delay-in-renegotiation/) - The Academic Staff Union of Universities (ASUU) has warned the Federal government over the delay in the renegotiation process ‎ The Union announced the warning in a statement after its National Executive Council (NEC) meeting in Taraba State where members were briefed on the latest offers from the government’s negotiating team. ‎ ‎ Recall that - [Senate Queries NNPCL Over ₦210 Trillion Unremitted Funds, Orders Immediate Refund](https://businesstodayng.com/senate-queries-nnpcl-over-₦210-trillion-unremitted-funds-orders-immediate-refund/) - The Senate on Tuesday rejected the explanations provided by the Nigerian National Petroleum Company Limited (NNPCL) regarding the ₦210 trillion outstanding against the oil firm. The chamber arrived at the decision on Tuesday that the money, which had not been accounted for, must be refunded to the Federation Account by the company. The House took - [1,894 Unmanned Borders Leave Nigeria Exposed to Smuggling, Insecurity — Reps Warn](https://businesstodayng.com/1894-unmanned-borders-leave-nigeria-exposed-to-smuggling-insecurity-reps-warn/) - The House of Representatives on Tuesday raised an alarm concerns over the security of Nigeria’s borders, saying that 1,894 of the country’s 1,978 entry points remain unmanned, leaving them vulnerable to illegal activities. According to the lawmakers the nation is facing growing threats from illegal arms smuggling, human trafficking, and drug trafficking Isa Anka, the - [NAFDAC Launches New Initiatives To Combat Maternal, Child Mortality, Malnutrition](https://businesstodayng.com/nafdac-launches-new-initiatives-to-combat-maternal-child-mortality-malnutrition/) - The National Agency for Food and Drug Administration and Control (NAFDAC) on Tuesday launched three major health initiatives aimed at improving maternal, newborn, and child health and nutrition, as well as strengthening the nation’s fight against substandard and falsified medical products. The projects officially launched in Abuja on Tuesday include the Maternal, Newborn, and Child - [Nassarawa State Welcomes Its inclusion In $500m World Bank Agriculture Initiative](https://businesstodayng.com/nassarawa-state-welcomes-its-inclusion-in-500m-world-bank-agriculture-initiative/) - Nasarawa State Governor Abdullahi Sule has welcomed the state inclusion as one of the states to benefit from a five hundred million US Dollars World Bank Presidential Food System Programme across the Guinea Savannah states. Governor Sule stated this while playing host to delegates for the Agro ecological zonal workshop at the Government house Lafia, - [Wike Condemns Military Takeover Of Abuja Land, Orders Halt To Illegal Development](https://businesstodayng.com/wike-condemns-military-takeover-of-abuja-land-orders-halt-to-illegal-development/) - Minister of the Federal Capital Territory (FCT), Barr. Nyesom Wike, has condemned the alleged illegal takeover of a disputed land in Abuja by military personnel reportedly acting on the orders of a former Chief of Naval Staff, describing the act as lawless and unacceptable. Wike, who personally visited the site on Tuesday after receiving reports - [N33.2bn Fraud Trial: EFCC Witness Reveals Findings To Court On Payments Allegedly Made by Dasuki](https://businesstodayng.com/n33-2bn-fraud-trial-fcc-witness-reveals-findings-to-court-on-payments-allegedly-made-by-dasuki/) - Adariku Michael, a detective with the Economic and Financial Crimes Commission (EFCC), on Tuesday at Abuja High Court presided over by Justice Charles Agbaza, revealed how former National Security Adviser, NSA Sambo Dasuki allegedly release and received various sums of money to the tune of N33.2 billion. Dasuki is standing trial on an amended 32-count - [Customs Seizes N29.4b Cocaine From Sierra Leone](https://businesstodayng.com/customs-seizes-n29-4b-cocaine-from-sierra-leone/) - The Area Controller, Nigeria Customs Service (NCS), Port and Terminal Multi-services Limited (PTML) Command, Joe Anani, on Tuesday disclosed that the service has intercepted a cocaine shipment valued at N29.4 billion. Anani, who made this disclosure to newsmen on Tuesday at the port in Lagos, said the interception followed a report from the PTML terminal - [Drama In Abuja As Naval Officers Clash In War Of Words With Wike Over Alleged Land Development](https://businesstodayng.com/drama-in-abuja-as-naval-officers-clash-in-war-of-words-with-wike-over-alleged-land-development/) - Following reports that soldiers had taken control of a disputed land, allegedly linked to former Chief of Naval Staff Vice Admiral Awwal Zubairu Gambo (rtd), dramatic scene occurred on Tuesday as Federal Capital Territory (FCT) Minister Nyesom Wike visited Plot 1946 situated in Gaduwa District, Abuja. It was gathered that during the unscheduled visit, Wike - [NIS, UN Partner To Combat Smuggling Of Migrants](https://businesstodayng.com/nis-un-partner-to-combat-smuggling-of-migrants/) - As part of measures to strengthen efforts against the smuggling of migrants and human trafficking through cyberspace awareness, the Nigeria Immigration Service (NIS) Tuesday announced that it has partnered with the United Nations Office on Drugs and Crime(UNODUC). The Service Public Relations Officer, ACI AS Akinlabi, who made this disclosure through a statement posted on - [Crush Insurgents, Their Sponsors Instead Of Forgiving Them- Fani-Kayode Tells FG](https://businesstodayng.com/crush-insurgents-their-sponsors-instead-of-forgiving-them-fani-kayode-tells-fg/) - The Federal Government has been charged to crush insurgents and their sponsors instead of forgiving them. The former Minister of Aviation, Chief Femi Fani-Kayode made the charge on Tuesday in Akure, Ondo State capital at the opening ceremony of the Law Week of the Nigerian Bar Association (NBA), Akure Branch. “People that dedicate their lives - [INEC Issues certificates of return to Soludo, deputy](https://businesstodayng.com/inec-issues-certificates-of-return-to-soludo-deputy/) - Anambra State Governor, Chukwuma Soludo, and his deputy, Onyekachukwu Ibezim, on Tuesday received their certificates of return from the Independent National Electoral Commission(INEC), which officially confirming their re-election. The Supervising INEC National Commissioner for Anambra State, Kenneth Ikeagu, handed over the certificate to the duo in Awka, the state capital, two days after they were - [Over 24m Persons Living With Diabetes In Africa, To Rise To 60m By 2050- WHO](https://businesstodayng.com/over-24m-persons-living-with-diabetes-in-africa-to-rise-to-60m-by-2050-who/) - The World Health Organization (WHO) has revealed that at least 24 million adults between the ages of 20 and 79 are living with diabetes in Africa, with projections that it could jump to 60 million by 2050 Of this population, according to the health agency, around 12 million remain undiagnosed, facing growing risks of severe - [Edun Reassures Investors, Vows Fair Capital Gains Tax Policy As NGX Lists MREIF](https://businesstodayng.com/edun-reassures-investors-vows-fair-capital-gains-tax-policy-as-ngx-lists-mreif/) - Nigerian Exchange (NGX) today hosted the Minister of Finance and Coordinating Minister for the Economy, Mr. Wale Edun, at the Closing Gong Ceremony to commemorate the listing of the Ministry of Finance Incorporated (MOFI) Real Estate Investment Fund (MREIF) Series 2. The event underscored the capital market’s pivotal role in national development, particularly in addressing - [Tinubu Is Committed To Ending Terrorism, Insecurity; Nigeria Fortunate To have Him As President — Presidency](https://businesstodayng.com/tinubu-is-committed-to-ending-terrorism-insecurity-nigeria-fortunate-to-have-him-as-president-presidency/) - The Special Adviser to the President Bola tinubu on Policy Communication, Sunday Dare, on Monday reaffirmed his principal’s commitment to tackling insecurity and promoting peaceful coexistence among Nigerians, describing him as a leader determined to end terrorism and rebuild national unity. Dare’s remarks come ahead of a long-anticipated meeting between President Tinubu and his United - [Genocide: Presidential Aide, Bwala Says Nigeria’s Diplomatic Response Firm](https://businesstodayng.com/genocide-presidential-aide-bwala-says-nigerias-diplomatic-response-firm/) - The Presidency on Monday night dismissed allegations of genocide against Christians, describing the country’s diplomatic response as firm, measured, and rooted in truth. Special Adviser to President Bola Tinubu on Media and Policy Communication, Daniel Bwala, who stated this during in an interview with ARISE News on Monday night, said the Tinubu administration had launched - [Again, Abuja Court Stops PDP National Convention](https://businesstodayng.com/again-abuja-court-stops-pdp-national-convention/) - The scheduled National Convention of the main opposition party in nigeria, the Peoples Democratic Party(PDP) slated for November 15 and 16, 2025 in Ibadan, Oyo state capital, may not hold as Federal High Court sitting in Abuja presided over Justice Peter Lifu, on Tuesday again stopped party from holding the convention. The convention is meant - [NYSC Releases Call-up Numbers To Batch C Prospective Corps Members](https://businesstodayng.com/nysc-releases-call-up-numbers-to-batch-c-prospective-corps-members/) - The National Youth Service Corps (NYSC) on Tuesday announced the release of call-up numbers for 2025 Batch C prospective corps members. “The NYSC management is pleased to announce that call-up numbers for 2025 Batch C Prospective Corps Members have been released, based on registration order,” the scheme confirmed this development through a statement issued on - [Declaring Me Wanted Without Notifying Me Politically Driven, Procedurally Improper-Timipre Sylva Tells EFCC](https://businesstodayng.com/declaring-me-wanted-without-notifying-me-politically-driven-procedurally-improper-timipre-sylva-tells-efcc/) - Following his declaration as wanted by the Economic and Financial Crimes Commission (EFCC) over alleged conspiracy and dishonest conversion of $14,859,257, former Minister of State for Petroleum Resources and ex-Governor of Bayelsa State, Timipre Sylva, has described the agency action as politically driven and procedurally improper, alleging that the agency failed to notify him before - [NDLEA Working With US-DEA, UK-NCA Over 1,000kg cocaine Recovered At Lagos Office](https://businesstodayng.com/ndlea-working-with-us-dea-uk-nca-over-1000kg-cocaine-recovered-at-lagos-office/) - The National Drug Law Enforcement Agency (NDLEA) is working with the United States Drug Enforcement Administration (DEA) and the United Kingdom National Crime Agency (NCA) to unravel the cartel behind the importation of 1,000 kilograms of cocaine recovered from a container at the PTML Terminal of Tincan Island Port in Lagos. The PTML operators had - [Continental Re Champions Digital Transformation with ₦70m ICT Project At CIFM](https://businesstodayng.com/continental-re-champions-digital-transformation-with-₦70m-ict-project-at-cifm/) - From left: IT Infrastructure Manager, Continental Reinsurance, Kayode Faseyitan; Chief Finance Officer, Jane Mberia; Executive Director (Technical), Continental Reinsurance Plc, Chukwuemeka Akwiwu; Managing Director, Continental Re, Dr. Fatai Lawal, President, Chartered Insurance Institute of Nigeria (CIIN), Mrs. Yetunde Ilori; Deputy President, Mr. Jide Orimolade; Rector, College of Insurance and Financial Management (CIFM), Dr. Chizoba Ehiogu; - [FAAN To Begins Crackdown On Dangerous Goods, Wildlife Management At Nigerian Airports](https://businesstodayng.com/faan-to-begins-crackdown-on-dangerous-goods-wildlife-management-at-nigerian-airports/) - The Federal Airports Authority of Nigeria (FAAN) has announced plans to intensify the enforcement of regulations governing dangerous goods, wildlife management, and conflict resolution across the nation’s airports. The Managing Director, Mrs. Olubunmi Kuku, who made this disclosure while speaking at the opening of FAAN’s 2025 Safety Week in Lagos, added that safety remains the - [We’re Taking Power Very Seriously To Enhance Livelihoods Of Nigerians- Tinubu Tells Siemens Energy](https://businesstodayng.com/were-taking-power-very-seriously-to-enhance-livelihoods-of-nigerians-tinubu-tells-siemens-energy/) - President Bola Tinubu on Monday told a delegation from Siemens Energy, led by its Managing Director of Middle East and Africa, Dietmar Siersdorfer, that his government is committed to improving the country’s electricity supply and enhance livelihoods of Nigerians. Tinubu, who stated this at a meeting with the delegation at the Presidential Villa in Abuja, - [Trump: FG Wants Nigerians To Remain Calm](https://businesstodayng.com/trump-fg-wants-nigerians-to-remain-calm/) - The Federal Government has urged Nigerians to remain calm in the face of the diplomatic spat between the United States and the country. The Minister of Information and National Orientation, Mohammed Idris, expressed this in Dutse, Jigawa State while on courtesy visit to the Governor of Jigawa, His Excellency Malam Umar A. Namadi. “President Bola - [Bala Zakariyau Applauds NAIPE On Appreciation Awards](https://businesstodayng.com/bala-zakariyau-applauds-naipe-on-appreciation-awards/) - ‎L-R: Ganiyu Musa, Managing Director, FBS Re; Fola Daniel, Director, FBS Re; Nkechi Naeche-Esezobor, Chairperson, Nigerian Association of Insurance and Pension Editors (NAIPE); Bala Zakariyau, Chairman, FBS Re; Ebele Okeke, Director, FBS Re; Shola Ajibade, Executive Director, FBS Re; and Steve Kyrematen, Director, FBS Re during the presentation of NAIPE award to Bala Zakariyau in - [NAHCON Slashes Fare For 2026 Hajj Sets 5th December As New deadline](https://businesstodayng.com/nahcon-slashes-fare-for-2026-hajj-sets-5th-december-as-new-deadline/) - As part of measures of making the spiritual journey more affordable for intending pilgrims, the National Hajj Commission of Nigeria (NAHCON) on Monday announced a reduction in the 2026 Hajj fare The Public Affairs Unit of NAHCON Mariam Zubair , who made this disclosure through a statement issued on Monday, said the revised figures is - [Return Home, Shehu Sani Tells Nigerians, Other Africans With Revoked US Visas](https://businesstodayng.com/return-home-shehu-sani-tells-nigerians-other-africans-with-revoked-us-visas/) - Former Kaduna Central Senator, Shehu Sani, on Monday called on Nigerians and other Africans affected by the recent mass visa revocation in the United States to return home before facing possible arrest by US Immigration and Customs Enforcement. Sani, who made the call in a post on his X (Twitter) handle on Monday, said no - [How ‘African Queen’ Gave Me Fame, Trouble — 2Face](https://businesstodayng.com/how-african-queen-gave-me-fame-trouble-2face/) - Famous Nigerian singer, Innocent Idibia, popularly addressed as 2Face or 2Baba, has made public how his hit song African Queen brough both a blessing and a burden in his decades-long music career. 2 Face, who made this disclosure while speaking on the Entertainment & Lifestyle show which started trending on Sunday, said the 2004 classic - [Nollywood Actress, Uche Montana Reacts To Drug Allegations](https://businesstodayng.com/nollywood-actress-uche-montana-reacts-to-drug-allegations/) - Amid Regina Daniels’ marital crisis, popular Nollywood actress, Uche Montana, on Monday reacted to the drug speculations levied against her. Her statement came shortly after Ned Nwoko claimed that Regina Daniels was battling with drugs and alcohol addiction. The actress on her Instagram page on Monday released a statement to address the accusations made by - [Police Arrest Three Armed Robbery Suspects In Akwa Ibom](https://businesstodayng.com/police-arrest-three-armed-robbery-suspects-in-akwa-ibom/) - Operatives of the Akwa Ibom State Police Command have arrested three suspected armed robbers and recovered dangerous weapons in separate operations across the state. The Akwa Ibom State Police Command’s Public Relations Officer, DSP Timfon John, who made this disclosure through a statement issued on Monday in Uyo, the state capital, disclosed that the arrests - [Basketmouth Attacks Ned Nwoko, Regina Daniels Over Public Marriage Drama](https://businesstodayng.com/basketmouth-attacks-ned-nwoko-regina-daniels-over-public-marriage-drama/) - The ongoing marriage crisis between Senator Ned Nwoko and his Nollywood Wife, Regina Daniels has continued to received sticks from prominent Nigerians, the latest person to have joined the fray is no less than famous comedian, Bright Okpocha, popularly addressed as Basketmouth. The ace comedian, in a video shared on social media, expressed disappointment over - [Regina Daniels' Brother Sammy Granted Bail](https://businesstodayng.com/regina-daniels-brother-sammy-granted-bail/) - Samuel Daniels, brother of actress Regina Daniels has reportedly been granted bail after spending days in police detention. According to videos circulating on social media, the release marks a temporary relief for the Daniels family, though tensions surrounding Regina and Nwoko’s troubled marriage continue to dominate public attention. Recall that Nwoko has previously accused Regina’s family - [FG Approves Key Policies To Overhaul Civil Service, Boost Productivity](https://businesstodayng.com/fg-approves-key-policies-to-overhaul-civil-service-boost-productivity/) - As part of measure aimed at overhauling the Federal Civil Service, the Federal Government on Monday announced the approval of three landmark policies. The Presidency, which made this disclosure through a statement issued on Monday, said the policy targets the Rewards and Recognition Policy, the Incentive and Consequence Management Policy, and the Civil Service Mentoring - [FG Backs Ondo Methanol Plant Expansion](https://businesstodayng.com/fg-backs-ondo-methanol-plant-expansion/) - The federal government, through the Ministry for Petroleum Resources (GAS), on Monday pledged its support for Nigeria’s first methanol production facility at the Ondo-Linyi Industrial Hub in Ondo State, aiming to boost local production and industrialisation. Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, who stated this on on Monday during an inspection of - [Active Electricity Subscribers In Nigeria Hit 11.96 Million — NERC](https://businesstodayng.com/active-electricity-subscribers-in-nigeria-hit-11-96-million-nerc/) - The Nigerian Electricity Regulatory Commission (NERC) on Monday revealed that total number of active customers nationwide increased from 11.89 million in July to 11.96 million in August 2025. The commission, which made this disclosure through a statement issued on its official X and Instagram handles on Monday, said this was the latest Metering Factsheet for - [EFCC Declares Timipre Sylva Wanted For $14.8million Alleged Fraud](https://businesstodayng.com/efcc-declares-timipre-sylva-wanted-14-8million-alleged-fraud/) - The Economic and Financial Crimes Commission, EFCC, has declared a former Minister of Petroleum Resources and former Governor of Bayelsa State, Timipre Sylva wanted. Sylva is wanted in connection with an alleged case of conspiracy and dishonest conversion of $14,859,257( Fourteen Million, Eight Hundred and Fifty Nine Thousand, Two Hundred and Fifty Seven United States - [Leadway Pensure PFA Strengthens Nigeria Pension Sector With N1.35trillion In AUM In Q2 2025](https://businesstodayng.com/leadway-pensure-pfa-strengthens-nigeria-pension-sector-with-n1-35trillion-in-aum-in-q2-2025/) - BY NKECHI NAECHE-ESEZOBOR Pension Fund Administrator, Leadway Pensure has reached a monumental milestone by successfully crossing N1.35 trillion Asset Under Management threshold as at Q2 2025. Since inception, the firm has played a key role in helping Nigerians across various sectors plan for retirement, managing pension contributions and investments with a long-term outlook. In the - [Veritas Kapital Assurance Partners Car Lovers Connect To Drive Vehicle Maintenance Culture](https://businesstodayng.com/veritas-kapital-assurance-partners-car-lovers-connect-to-drive-vehicle-maintenance-culture-road-safety/) - BY NKECHI NAECHE-ESEZOBOR—As part of its ongoing Corporate Social Responsibility (CSR) initiative, Veritas Kapital Assurance Plc, in partnership with K-Cool Automobile Garage and Academy, brought the Car Lovers Connect experience to Abuja recently. The event, which followed the highly successful Lagos edition held in August, drew a diverse community of car enthusiasts, drivers, and families - [Genocide: US Lawmaker Warns FG Over Killings Of Christians](https://businesstodayng.com/genocide-us-lawmaker-warns-fg-over-killings-of-christians-were/) - Riley Moore, a United States lawmaker, on Saturday handed down a warning to the Federal Government against underestimating President Donald Trump’s determination to act against the continued killing of Christians in Nigeria. Moore, who handed this warning through a post on his official X handle on Saturday, cautioned that President Trump is prepared to take - [Trump Threat: Shaite Group Stage Protest In Kano, Condemn Alleged attack](https://businesstodayng.com/trump-threat-shaite-group-stage-protest-in-kano-condemn-alleged-attacl/) - Hundreds of members of the The Islamic Movement in Nigeria (IMN) in Kano on Saturday staged a protest against a viral statement credited to United States President Donald Trump, announcing the possibility of a military strike on Nigeria. The protest, which took place in several parts of the Kano metropolis, saw large crowds chanting anti-US - [No-work-no-pay Policy-Not Acceptable-NASU Tells Govt](https://businesstodayng.com/no-work-no-pay-policy-not-acceptable-nasu-tells-govt/) - The Non-Academic Staff Union of Educational and Associated Institutions on Sunday called on government officials to stop using the no-work-no-pay policy as a tool of intimidation against workers, saying it is against fair labour practices The General Secretary of NASU, Peters Adeyemi, who made the call through a statement issued in Abuja on Sunday, said - [Enugu Govt Arrests Fake Doctor, Seals illegal Hospital](https://businesstodayng.com/enugu-govt-arrests-fake-doctor-seals-illegal-hospital/) - Enugu State Ministry of Health have arrested a fake doctor and sealed an illegal hospital in Obollo-Etiti in Udenu Local Government Area for operating without a licence. The state health ministry, which confirmed the development through in a statement issued and signed by its Public Relations Officer, Ugodu Avemaria, said that the Commissioner for Health, - [Insecurity: UK Warns Citizens Against Travel To Borno, Yobe, Adamawa, Three Other Nigerian States](https://businesstodayng.com/insecurity-uk-warns-citizens-against-travel-to-borno-yobe-adamawa-three-other-nigerian-states/) - Raising concerns over terrorism, violent crime, kidnappings, and inter-communal clashes, the United Kingdom on Sunday warned its citizens to avoid travel to several parts of Nigeria The UK government stated this through its latest Foreign Travel Advice released on GOV.UK on Sunday. The latest advisory, the UK Foreign, Commonwealth and Development Office (FCDO) said insecurity - [NBA FrownsAt Executive Involvement In Judiciary Contracts](https://businesstodayng.com/nba-frownsat-executive-involvement-in-judiciary-contracts/) - The Akure Branch of the Nigerian Bar Association (NBA) has kicked against the practice of the executive arm of government awarding contracts on behalf of the judiciary, describing it as a violation of judicial independence. NBA Akure chairman Mr. Friday Umar, who stated this while speaking ahead of the branch’s annual Law Week, said it - [Lagos Signs MoU With Companies To Convert Residents’ Waste To Wealth](https://businesstodayng.com/lagos-signs-mou-with-companies-to-convert-residents-waste-to-wealth/) - The Lagos State Government on Sunday confirmed the signing three groundbreaking Memoranda of Understanding with reputable companies to secure advanced waste-to-wealth conversion. The Director of Public Affairs, Lagos State Ministry of Environment and Water Resources, Kunle Adeshina, made this disclosure through a statement issued on Sunday. According to the statement, Tokunbo Wahab, the Commissioner for - [Reps Calls For Unified Data System, Homegrown Technological Solutions](https://businesstodayng.com/reps-calls-for-unified-data-system-homegrown-technological-solutions/) - The House of Representatives on Sunday renewed calls for a unified national data system and a shift toward homegrown technological solutions, with a warning that Nigeria’s fragmented identity and information systems are slowing governance, planning, and economic growth. Chairman of the House Committee on Trade and Investment, Ahmed Munir, who made the call at a - [Nigeria Records 81% Drop In Terror-Related Deaths Since 2015 – Presidency](https://businesstodayng.com/nigeria-records-81-drop-in-terror-related-deaths-since-2015-presidency/) - The Presidency on Sunday disclosed that Nigeria has witnessed an 81 per cent decrease in terror-related deaths since 2015. The Presidency, which made this disclosure through a statement issued on its x handle on Sunday said the decline reflects improved counter-insurgency operations and stronger collaboration between the country’s security agencies and affected communities. It added - [How Agriculture Can Solve 60% Of Nigeria’s Problems—Oyebanji](https://businesstodayng.com/how-agriculture-can-solve-60-of-nigerias-problems-oyebanji/) - Ekiti State Governor, Biodun Oyebanji, on Sunday said that agriculture remains the most sustainable pathway to solving Nigeria’s economic challenges of unemployment, food insecurity and poverty. According to the Oyebanji, this accounted for his administration’s deliberate policy of using agriculture as a tool to banish poverty, create employment opportunities and ensure food security in Ekiti - [Troops Eliminate 27 Terrorists, Arrest 27 Others](https://businesstodayng.com/troops-eliminate-27-terrorists-arrest-27-others/) - The Nigerian Army on Sunday confirmed that its nationwide offensive operations against terrorists, insurgents, and economic saboteurs, recorded a significant successes in the last 48 hours as troops killed seven terrorists, arrested 27 others during the exercise. According to the Nigerian Army, operations come in with the orders of the Chief of Army Staff, Lieutenant - [Saudi-bound Wanted Drug Lord Arrested, As NDLEA Raid His Colos Lab In Lagos](https://businesstodayng.com/saudi-bound-wanted-drug-lord-arrested-as-ndlea-raid-his-colos-lab-in-lagos/) - A wanted drug lord 40-year-old Yussuf Abayomi Azeez has been arrested by operatives of a special operations unit of the National Drug Law Enforcement Agency (NDLEA) at the Murtala Mohammed International Airport (MMIA) Ikeja Lagos. Abayomi Azeez was arrested while on his way to Saudi Arabia for Umrah, a holy pilgrimage, after months of intelligence - [Kebbi Gov Praises Security Operatives For Rescuing kidnapped Deputy Speaker](https://businesstodayng.com/kebbi-gov-praises-security-operatives-for-rescuing-kidnapped-deputy-speaker/) - Kebbi State Governor, Nasir Idris, on Sunday showered praises on security agencies for the successful rescue of the kidnapped Deputy Speaker of the State House of Assembly, Muhammad Bagudo. Recall that Bagudo, who represents Bagudo West Constituency and serves as Deputy Speaker of the Kebbi State House of Assembly, was abducted last week Friday shortly - [Tinubu Applauds Soludo’s Re-election, Pledges FG Support](https://businesstodayng.com/tinubu-applauds-soludos-re-election-pledges-fg-support/) - President Bola Tinubu on Sunday congratulated Governor Chukwuma Soludo on his re-election, saying the result “an affirmation of visionary leadership” and promising closer federal–state collaboration with Anambra. Recall that on Sunday,the Independent National Electoral Commission(INEC) declared Soludo the winner of Saturday’s off-cycle poll after he swept all 21 Local Government areas. The overwhelming victory Soludo - [APGA Hails Anambra Gov Poll, Says Election Most Transparent, Well Organised](https://businesstodayng.com/apga-hails-anambra-gov-poll-says-election-most-transparent-well-organised/) - The All Progressives Grand Alliance (APGA) on Sunday described the Saturday governorship election in Anambra State as “one of the most transparent and well-organised elections” in the history of the state. The National Chairman of APGA, Sly Ezeokenwa, who stated this during an interwien on Sunday, commended the Independent National Electoral Commission(INEC) for conducting a - [Nigerian Banks To Drive Economic Growth through Recapitalization and Financial Inclusion](https://businesstodayng.com/nigerian-banks-to-drive-economic-growth-through-recapitalization-and-financial-inclusion/) - The Association of Corporate Affairs Managers of Banks (ACAMB) has emphasized the importance of recapitalization and financial inclusion in driving economic growth in Nigeria. The association made this known at the ongoing Olumo '25 National Retreat in Abeokuta, Ogun State. According to Rasheed Bolarinwa, President of ACAMB, the recent recapitalization exercise is a catalyst for - [Customs Port Harcourt 1 Command Generates N33b Revenue In October 2025](https://businesstodayng.com/customs-port-harcourt-1-command-generates-n33b-revenue-in-october-2025/) - The Comptroller Nigeria Customs Service (NCS) Port Harcourt Command 1, Salamatu Atuluku has disclosed that the command raked in N247 billion from January 2025 to October 2025, surpassing its annual target with over N31 billion. According to Atuluku, in October 2025 alone, the command collected N33 billion revenue. The command Comptroller, who made this disclosure - [Anambra Police Arrest Six Over Child Theft, Rescue Victim](https://businesstodayng.com/anambra-police-arrest-six-over-child-theft-rescue-victim/) - Six members of a child-stealing and trafficking gang operating across Anambra, Enugu and Lagos States have been arrested by operatives of the Anambra State Police Command The State Police Command Public Relations Officer, Tochukwu Ikenga, who confirmed the arrest of the syndicate through a statement issued on Sunday, said the Command also rescued a three-year-old - [INEC Declares Soludo Winner Of Anambra Gov Poll](https://businesstodayng.com/inec-declares-soludo-winner-of-anambra-gov-poll/) - The Anambra State Returning Officer of the Independent National Electoral Commission, Prof. Edoba Omoregie, on Sunday declared candidate of the All Progressives Grand Alliance(APGA), Prof. Chukwuma Soludo, the winner of the Saturday, November 8, 2025, Anambra State governorship election According to Omoregie, the incumbent governor polled a total of 422,664 votes, defeated his closest rival, - [Troops Eliminate Suspected ISWAP Fighter During Borno Ambush](https://businesstodayng.com/troops-eliminate-suspected-iswap-fighter-during-borno-ambush/) - Troops of Operation Hadin Kai have neutralised a suspected Boko Haram/ISWAP fighter during an ambush operation in Kirawa general area of Borno State. The operation, carried out by troops l in collaboration with Hybrid Forces and members of the Civilian Joint Task Force (CJTF), took place late Thursday along the Gakara–Kirawa axis, under Operation Mountain - [Anambra Guber: Soludo Wins Polling Unit](https://businesstodayng.com/anambra-guber-soludo-wins-polling-unit/) - As a confirmation that he is strong in his home base, Governor Charles Soludo of Anambra State, who is also the All Progressives Grand Alliance(APGA) candidate, on Saturday won Polling Unit 002, Umuezeadigo Street, Isuofia, Aguata Local Government Area Of the state, in Saturday’s governorship poll. The result was officially announced at 5:30 p.m. by - [Former Borno Gov Denies Accusing Shettima Of Creating Boko Haram](https://businesstodayng.com/former-borno-gov-denies-accusing-shettima-of-creating-boko-haram/) - Senator Ali-Modu Sheriff, former Borno Governor, on Saturday categorically denied a viral publication claiming he accused Vice-President Kashim Shettima of creating Boko Haram, describing the report as a politically motivated fabrication intended to stoke division in the North-East. Sheriff, who once governed the state during the Boko Haram conflict and has repeatedly been linked to - [Anambra Guber: EFCC Arrests Three Suspected Vote Buyers](https://businesstodayng.com/anambra-guber-efcc-arrests-three-suspected-vote-buyers/) - Officials of the Economic and Financial Crimes Commission (EFCC) have arrested three suspects for allegedly engaging in vote buying during the Anambra State governorship election held on Saturday. The anti-graft agency, which confirmed the arrest of the suspects through a statement posted on its official Facebook page on Saturday, said the arrests followed allegations by - [Tragedy As Truck kills Three Lagos Varsity Students, Injures Seven Others](https://businesstodayng.com/tragedy-as-truck-kills-three-lagos-varsity-students-injures-seven-others/) - Lagos State Traffic Management Authority(LASTMA) on Saturday confirmed that at least hree students of the Lagos State University of Science and Technology lost their lives , while seven others sustained varying degrees of injuries in a multi-vehicle collision along the Powerline Junction, inward Ikorodu Roundabout area of the State. LASTMA spokesperson Adebayo Taofiq, who confirmed - [Okonjo-Iweala Denies Viral Post Criticising Tinubu Over Insecurity, Says Is Fake, Malicious](https://businesstodayng.com/okonjo-iweala-denies-viral-post-criticising-tinubu-over-insecurity-says-is-fake-malicious/) - Dr. Ngozi Okonjo-Iweala, the Nigerian born Director-General of the World Trade Organisation(WTO), on Saturday categorically denied a viral social media post falsely attributed to her, which criticised President Bola Tinubu’s handling of insecurity. The post, titled “Trump didn’t ‘hit’ us – our leaders did,” which claimed that Okonjo-Iweala accused Nigerian leaders of prioritising rhetoric over - [Anambra 2025: Soludo Alleges Vote Buying In Nnewi South](https://businesstodayng.com/anambra-2025-soludo-alleges-vote-buying-in-nnewi-south/) - Anambra State Governor Chukwuma Soludo Saturday made an allegation of vote buying in some polling units in Nnewi South Local Government Area of the state. Soludo made the allegation to newsmen immediately after he voted at Polling Unit 002, Ofiyi Square, Umueze, Isuofia Ward 13, Aguata Local Government Area, at exactly 1:20 p.m on Saturday. - [Lagos Issues 72 -hour Ultimatum To QMB Mart Over Illegal Structure](https://businesstodayng.com/lagos-issues-72-hour-ultimatum-to-qmb-mart-over-illegal-structure/) - The Lagos State Government, through the Lagos State Building Control Agency (LASBCA) has sealed a construction site and issued a 72-hour ultimatum to another property within the Lekki–Ikoyi corridor for unauthorised development. LASBCA, which confirmed the development through a post on its official x handle, said its officials on Thursday sealed a building under construction - [CAN Youth Wing Backs Trump Intervention, Demand Tough Action From Tinubu](https://businesstodayng.com/can-youth-wing-backs-trump-intervention-demand-tough-action-from-tinubu/) - The Youth Wing of the Christian Association of Nigeria (YOWICAN), on Saturday gave its support to United States President Donald Trump’s claim that Christians are being systematically targeted and killed in Nigeria. Recall that Trump, on his Truth Social platform, had warned that the United States might go “guns-a-blazing” if the alleged killings continued The - [Plead With Trump To Give You 100 Days To Tackle Insurgency- Adeboye Tells Tinubu](https://businesstodayng.com/plead-with-trump-to-give-you-100-days-to-tackle-insurgency-adeboye-tells-tinubu/) - The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, on Friday called on President Bola Tinubu to plead with United States President, Donald Trump to give him a window of 100 days to tackle the insurgency in Nigeria. Adeboye made the call on Friday, during the November Holy Ghost Service while - [AU Rejects Trump Threat, Calls For Dialogue With Nigeria](https://businesstodayng.com/au-rejects-trump-threat-calls-for-dialogue-with-nigeria/) - Following the recent statements by the United States President Donald Trump claiming Nigerian complicity in attacks against Christians and threatening possible military action, the African Union Commission on Friday reaffirmed its commitment to Nigeria’s sovereignty, religious freedom, and the rule of law. The commission also explained on the importance of diplomacy and constructive engagement over - [US Revokes 80,000 Visas Of Nigerians, Other Foreign Nationals, Gives Reasons](https://businesstodayng.com/us-revokes-80000-visas-of-nigerians-other-foreign-nationals-gives-reasons/) - As part of a sweeping immigration enforcement initiative under President Donald Trump’s administration, the United States Department of State on Thursday announced that it has revoked the visas of at least 80,000 individuals, including Nigerians and other foreign nationals. The large-scale visa revocations mark one of the most extensive enforcement actions undertaken by the U.S. - [EFCC Hands Over Recovered N42.5m To 70-yr-old Widow Victim In Kaduna](https://businesstodayng.com/efcc-hands-over-recovered-n42-5m-to-70-yr-old-widow-victim-in-kaduna/) - The Economic and Financial Crimes Commission, EFCC, has handed over a bank draft of N42,500,000 (Forty-two Million, Five Hundred Thousand Naira) in favour of one Mrs. Margret Taye Odofin, a 70-year-old widow and retiree, recovered from her fraudulent account and investment officer, Mrs. Kehinde Olawale Yusuf, who worked in one of the new generation banks. - [Alleged Genocide Against Christians Tinubu Meets Sultan, Reps Speaker, Ribadu In Abuja](https://businesstodayng.com/alleged-genocide-against-christians-tinubu-meets-sultan-reps-speaker-ribadu-in-abuja/) - Tinubu on Friday met with the Sultan of Sokoto, Sa’ad Abubakar, who is the spiritual leader of Muslims Community in the country at the Presidential Villa, Abuja. Tinubu met with the Sultan in his office at the State House. Also in the meeting are the Speaker of the House of Representatives, Abbas Tajudeen, and the - [COAS To Troops : Sustain Offensive Against Terrorists, There Should Be No Room For Complacency](https://businesstodayng.com/coas-to-troops-sustain-offensive-against-terrorists-there-should-be-no-room-for-complacency/) - The Chief of Army Staff, Lieutenat-General Waidi Shaibu, on Friday called on troops to sustain offensive actions until insurgents are denied all support and sanctuary. The Army Chief made the declaration during his maiden tour of the Theatre Command, Operation Hadin Kai, in Maiduguri, Borno State on Friday, 7 November, 2025 The Acting Director, Army - [Lagos Police Boss Says Sowore Still Remains Wanted](https://businesstodayng.com/lagos-police-boss-says-sowore-still-remains-wanted/) - The Commissioner of Police, Lagos State, Mr Olohundare Jimoh, Friday said Nigerian activist and former presidential candidate Omoyele Sowore remains wanted by the police, ordering that he should be arrested anywhere he is found. CP Jimoh, who stated this while addressing newsmen during the ‘Show of Force’ on the Third Mainland Bridge on Friday, said - [Anambra Guber: INEC Warns Parties, Voters Against Violence, Electoral Misconduct](https://businesstodayng.com/anambra-guber-inec-warns-parties-voters-against-violence-electoral-misconduct/) - Barely 24 hours to Anambra State governorship election, the Independent National Electoral Commission on Friday issued serious warning to political parties, cautioning against any form of electoral malpractice or conduct capable of breaching the peace. Saturday’s election, which will be conducted across 5,718 polling units, will see 16 political parties contesting, including two female candidates, - [Court Fixes Nov 20 To Deliver Judgment In Nnamdi Kanu’s Terrorism Case](https://businesstodayng.com/court-fixes-nov-20-to-deliver-judgment-in-nnamdi-kanus-terrorism-case/) - The Federal High Court in Abuja presided over by Justice James Omotosho on Friday fixed November 20 for the delivery of judgment in the terrorism case brought against the detained leader of the Indigenous People of Biafra (IPOB), Nnamdi Kanu. Justice Omotosho fixed the date on Friday while ruling on the matter after Kanu failed - [Why We Backed15% Fuel Import Tariff -NECA](https://businesstodayng.com/why-we-backed15-fuel-import-tariff-neca/) - The Nigeria Employers’ Consultative Association (NECA) on Friday disclosed that it has backed the proposed 15% fuel import tariff to enhance local production of the commodity. NECA Director General, Wale Smatt Oyerinde, stated this on Friday, while speaking during an interview on Channels Television’s Sunrise Daily. “We support the policy of a 15% tariff on - [NAPTIP Rescues 221 Victims Of Human Trafficking In Two Years](https://businesstodayng.com/naptip-rescues-221-victims-of-human-trafficking-in-two-years/) - The National Agency for the Prohibition of Trafficking in Persons(NAPTIP) and Jigawa State Police Command, on Friday confirmed rescuing of 221 victims of human trafficking in the state in two years. The agency’s Commander in the state, Mr Abdulladir Turajo, who made this disclosure while speaking during a one-day sensitisation campaign against human trafficking in - [Germany Pledges €49m to ECOWAS for Security, Development](https://businesstodayng.com/germany-pledges-e49m-to-ecowas-for-security-development/) - As part of the renewed partnership with the Economic Community of West African States, the German government on Friday pledged €49 million (₦82 billion) to support the regional body in strengthening peace and security, promoting economic development, and improving health outcomes in West Africa. The funding commitment followed a successful bilateral negotiation on development cooperation - [96-year-old Woman Found Dead In Soak away Pit](https://businesstodayng.com/96-year-old-woman-found-dead-in-soak-away-pit/) - The residents of Sarai Village in the Dawakin Kudu Local Government Area of Kano State were in a state of confusion on Thursday after the body of a 96-year-old woman was discovered inside a soak away pit. The Kano State Fire Service, Public Relations Officer, Saminu Abdullahi, confirmed the incident in a statement issued to - [Acting PDP Chairman Promises Party Rebirth, Vows To End Impunity](https://businesstodayng.com/acting-pdp-chairman-promises-party-rebirth-vows-to-end-impunity/) - The Acting National Chairman of the Peoples Democratic Party, Alhaji Abdulrahman Muhammad, on Friday, at the inauguration of the party’s new Board of Trustees, vowed to end “impunity, manipulation, or disregard” for the constitution of the party. The inauguration which took place at the official residence of the FCT Minister, Nyesom Wike in abuja, Muhammed, - [5 Drug Kingpins Forfeit Cash, Luxury Vehicles To FG, Get 21 years Jail Term](https://businesstodayng.com/5-drug-kingpins-forfeit-cash-luxury-vehicles-to-fg-get-21-years-jail-term/) - Five members of some international organized criminal groups (IOCG) recently arrested by operatives of the National Drug Law Enforcement Agency (NDLEA) in connection with the seizure of 68.9 kilograms cocaine and tramadol at the Murtala Muhammed International Airport (MMIA) Ikeja Lagos have been sentenced to combined 21 years imprisonment. The trio of Olasupo Michael Oladimeji; - [Caution Is Key — STI Boss Sounds Safety Alarm Ahead Of Festive Season](https://businesstodayng.com/caution-is-key-sti-boss-sounds-safety-alarm-ahead-of-festive-season/) - BY NKECHI NAECHE-ESEZOBOR—As the year draws to a close and the much-talked-about “Ember Months” unfold, the Managing of Sovereign Trust Insurance Plc, Olaotan, has urged Nigerians to remain cautious and prioritize safety in all activities. While addressing the media at a recent function held in Lagos, Olaotan stated that the possession of Insurance Policies should - [NAHCON Concludes Inspection Of Hotels, Catering Facilities In Madinah](https://businesstodayng.com/nahcon-concludes-inspection-of-hotels-catering-facilities-in-madinah/) - As part of its early preparations for the 2026 Hajj operations, the National Hajj Commission of Nigeria on Friday confirmed that that it has concluded the inspection of accommodation and catering facilities in Madinah. The Technical Assistant to the NAHCON Chairman on Media, Ahmad Muazu, who confirmed the development through a statement issued on Friday - [Ohuabunwa Becomes PDP Factional BoT Chairman](https://businesstodayng.com/ohuabunwa-becomes-pdp-factional-bot-chairman/) - Following the dissolution of the Adolphus Wabara-led board by a faction loyal to the party’s new Acting National Chairman, Alhaji Abdulrahman Muhammad, former Senator representing Abia North Senatorial District, Mao Ohuabunwa, on Friday emerged as the factional Chairman of the Board of Trustees of the Peoples Democratic Party(PDP) Ohuabuwa’s announcement as factional chairman of the - [NSCDC Officer Arraign For Allegedly Diverting ₦1.7m](https://businesstodayng.com/nscdc-officer-arraign-for-allegedly-diverting-₦1-7m/) - A senior officer of the Nigerian Security and Civil Defence Corps, (NSCDC), Deputy Superintendent Sani Yakubu, was on Friday arraigned by the Independent Corrupt Practices and Other Related Offences Commission(ICPC) before the Kaduna State High Court on a three-count charge of criminal breach of trust and misappropriation of funds. According to statement released by Demola - [Leadway Pensure Marks Two Decades of Service Excellence](https://businesstodayng.com/leadway-pensure-makes-two-decades-of-service-excellence/) - Leadway Pensure PFA, a Pension Fund Administrator in Nigeria, proudly celebrates its 20th anniversary. This milestone marks two decades of trust, exceptional service delivery and value creation in its mission to protect the financial wellness of Nigerian workers. Over the last 20 years, the PFA has served thousands of customers across Nigeria and beyond, standing - [Tinubu Swears -in Doro, Udeh As Ministers](https://businesstodayng.com/tinubu-swears-in-doro-udeh-as-ministers/) - President Bola Tinubu on Thursday, inside the Council Chamber of the State House, Abuja, officially administered the oath of office to Dr Bernard Doro and Dr Kingsley Udeh as ministers, which will now confirmed their membership in the Federal Executive Council (FEC). With the swearing-in of the duo on Thursday it thus restores cabinet representation - [FRSC Confirms 3,915 Die, 24, 674 Injure In 7,715 Road Accidents In 9 Months](https://businesstodayng.com/frssc-confirms-3915-die-24-674-injure-in-7715-road-accidents-in-9-months/) - The Federal Road Safety Corps (FRSC) on Thursday disclosed that 3,915 people lost their lives, while 24,674 sustained varying degrees of injuries in 7,715 road accidents recorded across the country between January and September 2025. Corps Marshal of the FRSC, Shehu Mohammed, confirmed the figures in Port Harcourt, Rivers on Thursday during the National Town - [We’re Engaging the World Diplomatically, Says President Tinubu](https://businesstodayng.com/were-engaging-the-world-diplomatically-says-president-tinubu/) - Headline and concise story WE’RE ENGAGING THE WORLD DIPLOMATICALLY, PRESIDENT TINUBU TELLS FEDERAL EXECUTIVE COUNCIL President Bola Tinubu, on Thursday in Abuja, stated that Nigeria remains on a steady growth trajectory, with more promise of stability and prosperity as economic reforms continue to yield results and gain national and international acceptance. The President spoke at - [FEC Approves N43bn For Lagos–Ibadan Expressway Project Completion](https://businesstodayng.com/fec-approves-n43bn-for-lagos-ibadan-expressway-project-completion/) - The Federal Executive Council on Thursday approved over N43 billion for the completion of Phase II, Section II of the Lagos–Ibadan Expressway. The Minister of Works, Dave Umahi, made this disclosure newsmen shortly after Thursday’s meeting at the State House, Abuja, on Thursday, said the new approval is part of several fresh and revised contracts - [Over 3000, 000 Children Treated For Malnutrition In Nigeria, Largest Globally- Says Médecins Sans Frontières](https://businesstodayng.com/over-3000-000-children-treated-for-malnutrition-in-nigeria-largest-globally-says-medecins-sans-frontieres/) - Médecins Sans Frontières on Thursday disclosed that it treated at least 3000 children suffering from malnutrition in Nigeria, describing it as the largest globally. The MSF Country Representative, Dr Ahmed Aldikhari, made this disclosure while speaking at a high-level conference on mobilising action against malnutrition in Northwest Nigeria, hosted by the Katsina State Government, the - [Shettima Speaks On How Every Dollar Invested In nutrition Yields Return of $23](https://businesstodayng.com/shettima-speaks-on-how-every-dollar-invested-in-nutrition-yields-return-of-23/) - In what is described as one of the highest returns on investment for any development intervention, Vice President Kashim Shettima on Thursday disclosed that every dollar invested in nutrition yields a return of $23 Shettimma made this disclosure on Thursday while speaking at a high-level conference on mobilising action against malnutrition in Northwest Nigeria, hosted - [Katsina Contributes N1b To Northwest Child Nutrition Fund- Gov](https://businesstodayng.com/katsina-contributes-n1b-to-northwest-child-nutrition-fund-gov/) - As part of the his administration’s unwavering commitment to tackling the root causes of malnutrition in the Northwest, Katsina State Governor Dikko Radda of Katsina State on Thursday disclosed that the state contributed at least N1bn the Child Nutrition Fund in the region. Radda made this disclosure on Thursday while speaking at a high-level conference - [Senate Clears Air Peace Of Negligence, Faults NSIB Over Drug Allegations](https://businesstodayng.com/senate-clears-air-peace-of-negligence-faults-nsib-over-drug-allegations/) - Relieve came the way of Nigeria’s airline, Air Peace, on Thursday as the Nigerian Senate cleared the airline of any wrongdoing in the July 13 runway overrun incident at the Port Harcourt International Airport. Aside this, the upper chamber also cleared allegations of drug and alcohol use by its pilots were based on “inconsistent and - [Kanu Writes Trump, Alleges Hidden Genocide In S’East, Seeks US Probe](https://businesstodayng.com/kanu-writes-trump-alleges-hidden-genocide-in-seast-seeks-us-probe/) - Nnamdi Kanu, the detained leader of the Indigenous People of Biafra, Nnamdi Kanu, on Thursday wrote a letter to United States President Donald Trump, calling on him to initiate an independent investigation into what he described as the “killings of Christians and Igbo people” in the South East region of the country. The 4-page letter, - [New Offshore Facility to Boost Nigeria’s Oil Production-NUPRC Boss](https://businesstodayng.com/new-offshore-facility-to-boost-nigerias-oil-production-nuprc-boss/) - The Nigerian Upstream Petroleum Regulatory Commission(NUPRC), on Thursday expressed optimism that Nigeria’s crude oil output will soon witness a significant boost following the completion of a new offshore production facility. The Chief Executive of (NUPRC), Gbenga Komolafe, made raised the optimism on Thursday, after an official visit to Dubai Drydocks World in the United Arab - [You Need Not To Panic Over Tinubu’s New ₦1.15trn Loan Request – Rewane Tells Nigerians](https://businesstodayng.com/you-need-not-to-panic-over-tinubus-new-₦1-15trn-loan-request-rewane-tells-nigerians/) - Nigerians have been told not to panic over President Bola Tinubu’s fresh ₦1.15 trillion domestic loan requests to help finance the 2025 budget deficit. The Managing Director and Chief Executive Officer of Financial Derivatives Company Limited, Bismarck Rewane, stated this on during an interview on Channels Television’s Business Morning programme on Thursday. Recall that last - [FG Plans Stockpiling Food Reserves To Curb Inflation, Expand Agriculture](https://businesstodayng.com/fg-plans-stockpiling-food-reserves-to-curb-inflation-expand-agriculture/) - As part of measures to address food security concerns, stabilise prices, and ensure financial liquidity in the agricultural sector for farmers in Nigeria, the Federal Government of Nigeria, through the Federal Ministry of Agriculture has announced plan to stockpile its Strategic Food Reserve. Aside this, government also added the plan would enable farmers to go - [Regina Daniel Celebrates Dad, Mom’s Reconciliation](https://businesstodayng.com/regina-daniel-celebrates-dad-moms-reconciliation/) - Despite family and marital troubles facing her, famous Nollywood actress, Regina Daniels, on Thursday celebrated the reunion of her estranged parents, describing it as a long-awaited moment of peace in her family. Daniels, who expressed this on her Facebook post on Thursday, said her parents, once sworn enemies, had finally reconciled solely for her happiness. - [Nigeria: Report On Christian Genocide Ready Soon, To Be Submitted To Trump-US Lawmaker](https://businesstodayng.com/nigeria-report-on-christian-genocide-ready-soon-to-be-submitted-to-trump-us-lawmaker/) - Following the president’s Donald Trump renewed claims that Christians are being targeted in Nigeria, the United States lawmaker leading an inquiry into alleged attacks on Christians in Nigeria, Riley Moore, on Thursday pledged to brief Trump soon. Moore made this disclosure through a statement posted on his official x handle on Thursday. Reacting to Trump’s - [Nigeria: Miyetti Allah, Others Face Possible US Sanctions For Alleged Violations Of Religious Freedom](https://businesstodayng.com/nigeria-miyetti-allah-others-face-possible-us-sanctions-for-alleged-violations-of-religious-freedom/) - Following alleged violations of religious freedom in Nigeria, the United States House of Representatives has called on the Departments of State and Treasury to impose sanctions on individuals and organisations accused of violating religious freedom in Nigeria — including the Miyetti Allah Cattle Breeders Association of Nigeria (MACBAN) and Miyetti Allah Kautal Hore. United State - [Nigeria Urged To Boost Domestic Refining, End Crude Export](https://businesstodayng.com/nigeria-urged-to-boost-domestic-refining-end-crude-export/) - The Chairman of the OPEC Board of Governors for 2025 has called on local oil producers to focus on domestic refining and value creation rather than exporting raw crude The Chairman of the OPEC Board Adeyemi-Bero, gave the advised while speaking at the Nigerian Association of Petroleum Explorationists Pre-Conference Workshop in Lagos. According to him - [Insurance Directors Urged To Take Ownership Of NIIRA 2025](https://businesstodayng.com/insurance-directors-urged-to-take-ownership-of-niira-2025/) - BY NKECHI NAECHE-ESEZOBOR—Directors in Nigeria’s insurance industry have been called upon to take full ownership of the ongoing reform process under the Nigeria Insurance Industry Reform Agenda (NIIRA 2025). The Minister of State for Finance, Dr Doris Uzoka-Anite, gave the charge while declaring open the 2025 Insurance Directors’ Conference organized by the College of Insurance - [Credit Confidence: Agusto & Co. Upgrades Unitrust Insurance To ‘A’/‘A1’ Amid Revenue Surge](https://businesstodayng.com/credit-confidence-agusto-co-upgrades-unitrust-insurance-to-a-a1-amid-revenue-surge/) - BY NKECHI NAECHE-ESEZOBOR—Nigeria’s credit rating agency, Agusto & Co., has upgraded Unitrust Insurance Company Limited credit ratings to “A” (Long Term) and “A1” (Short Term) with a Stable Outlook. The insurer received a stable outlook reflecting its financial strength, prudent risk management, strong capitalization, and consistent operational performance, reaffirming the company’s position as a trusted - [Lasaco Assurance Champions Maternal Health With Safe Start Initiative](https://businesstodayng.com/lasaco-assurance-champions-maternal-health-with-safe-start-initiative/) - BY NKECHI NAECHE-ESEZOBOR—Lasaco Assurance Plc has launched the Safe Start Initiative, a maternal health support programme aimed at promoting safer motherhood and reducing infant health risks in underserved communities. The initiative debuted on Tuesday at the Ogba Primary Health Care Centre, Ikeja, where LasacoAssurance Plc distributed maternity kits to new and expectant mothers. Each kit - [Court Stops Police From Declaring Sowore Wanted](https://businesstodayng.com/court-stops-police-from-declaring-sowore-wanted/) - The Federal High Court, Lagos, has restrained the Lagos State Commissioner of Police and other security agencies from arresting human rights activist, Omoyele Sowore. It also restrained them from intimidating or declaring the 2023 presidential candidate of the African Action Congress (AAC) wanted. Justice Musa Kakaki’s order followed an application filed by Sowore after reports - [FG Calls For Constructive Partnership To Strengthen Development](https://businesstodayng.com/fg-calls-for-constructive-partnership-to-strengthen-development/) - The Federal Government of Nigeria has reaffirmed its commitment to deepening national security, strengthening partnerships, and accelerating development under the Renewed Hope Agenda of President Bola Ahmed Tinubu. Speaking at a press conference held at the National Press Centre, Radio House, Abuja, to address the United States government’s designation of Nigeria as a country of - [FG Inaugurates Ministerial Project Approval Board](https://businesstodayng.com/fg-inaugurates-ministerial-project-approval-board/) - The Federal Government on Wednesday inaugurated the Ministerial Project Approval Board (MPAB) and the advancement of a landmark digital transformation partnership with the Equipment Leasing Registration Authority (ELRA). The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, who inaugurated the Ministerial Project Approval Board (MPAB) in his office in Abuja - [FG Backs Niger Delta Ferry Network To Boost Regional Trade, Inclusion](https://businesstodayng.com/fg-backs-niger-delta-ferry-network-to-boost-regional-trade-inclusion/) - The Federal Government has taken a significant step towards boosting regional trade and inclusion in the Niger Delta region with the inauguration of the Project Steering Committee for the Niger Delta Ferry Service Project. The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, on Tuesday, participated in the inauguration of - [NDLEA Alerts Nigerians On Fake Medicinal Cannabis, Recovers Large Consignment](https://businesstodayng.com/ndlea-alerts-nigerians-on-fake-medicinal-cannabis-recovers-large-consignment/) - BY NKECHI BAECHE-ESEZOBOR—The National Drug Law Enforcement Agency (NDLEA) has alerted the Nigerian public about the circulation of dangerous illicit substances being falsely packaged and marketed to the public as medicinal cannabis. The public alert comes on the heels of credible intelligence, which led to the arrest of a 28-year-old drug kingpin Afeez Salisu (a.k.a - [FG Plans N12bn Investment To Deepen Digital Economy Research-Projects](https://businesstodayng.com/fg-plans-n12bn-investment-to-deepen-digital-economy-research-projects/) - BY OUR REPORTERS—As part of measures to ensure the country reaps the benefits of digital transformation, the Federal Government, through the Ministry of of Communications and Digital Economy on Tuesday announced plans to invest N12 billion in digital economy research projects. The Minister of Communications and Digital Economy, Bosun Tijani, made this disclosure at the - [EFCC Arraigns Man for N1.020b Forex Fraud In Kaduna](https://businesstodayng.com/efcc-arraigns-man-for-n1-020b-forex-fraud-in-kaduna/) - BY GABRIEL MICHEAL—The Kaduna Zonal Directorate of the Economic and Financial Crimes Commission, EFCC on Wednesday, November 5, 2025, arraigned one Captain Nuhu Haruna before Justice Darius Khobo of the Kaduna State High Court, sitting in Kaduna State for foreign exchange fraud. He was arraigned on a two-count charge bordering on advance fee fraud and - [Nigeria’s $2 billion Plus Eurobond Attracts Record $13billion Order Book](https://businesstodayng.com/nigerias-2-billion-plus-eurobond-attracts-record-13billion-order-book/) - BY NKECHI NAECHE-ESEZOBOR—The Federal Republic of Nigeria through the Debt Management Office, (DMIO), has successfully priced US$2.35 billion in Eurobonds maturing in 2036 (Long 10-year) and 2046 (Long 20-year) in the international capital markets, with US$ 1.25 billion and US$ 1.10 billion placed in the 2036 and 2046 maturities, respectively. The Long 10-year bond and - [AICIF 2025: Nigeria’s Non-interest Capital Market Now Worth N1.6trn – SEC DG](https://businesstodayng.com/aicif-2025-nigerias-non-interest-capital-market-now-worth-n1-6trn-sec-dg/) - BY NKECHI NAECHE-ESEZOBOR—The Director-General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has disclosed that Nigeria’s non-interest capital market has grown to a valuation of over N1.6 trillion, underscoring its expanding role in deepening financial inclusion and supporting infrastructure development. Speaking at the 7th African International Conference on Islamic Finance (AICIF) 2025, held - [NGX Rallies 8% in October as Earnings, Policy Reforms Fuel Confidence](https://businesstodayng.com/ngx-rallies-8-in-october-as-earnings-policy-reforms-fuel-confidence/) - BY NKECHI NAECHE-ESEZOBOR—Nigerian Exchange Limited (NGX) closed October 2025 on a bullish note, gaining 8 per cent and extending the upward momentum that has defined much of the year’s trading. The NGX All-Share Index rose from 142,713.1 points at the start of the month to 154,126.4 points at the close, with more than 12 billion - [Ex-banker To Spend Three Years’ In Prison For N8bn Fraud](https://businesstodayng.com/ex-banker-to-spend-three-years-in-prison-for-n8bn-fraud/) - BY GABRIEL MICHEAL—A former banker, Samuel Asiegbu, has been sentenced to three years’ imprisonment without an option of fine for his role in an ₦8.56 billion fraud involving one of Nigeria’s first-generation banks. Justice Rahman Oshodi of the Special Offences Court sitting in Ikeja, Lagos, on Wednesday, convicted and sentenced him. Asiegbu was arraigned alongside - [Nollywood Actress, Daniels Finally Opens Up On Her Marriage Crisis With Senator Nwoko, Defends Mother](https://businesstodayng.com/nollywood-actress-daniels-finally-opens-up-on-her-marriage-crisis-with-senator-nwoko-defends-mother/) - Following a deluge of social media criticism, famous Nollywood Actress Regina Daniels has, for the first time, on Wednesday finally opened up to address the issues surrounding her marriage to Senator Ned Nwoko, disclosing that her mother, Rita Daniels warned against going into the union but she refused because of the love she had for - [CAF Expands Women’s AFCON To 16 Teams For 2026 Edition](https://businesstodayng.com/caf-expands-womens-afcon-to-16-teams-for-2026-edition/) - The African football governing body, Confederation of African Football (CAF) on Wednesday announced the expansion of the TotalEnergies Women’s Africa Cup of Nations (WAFCON) from 12 to 16 teams, beginning with the 2026 edition scheduled to take place in Morocco from March 17 to April 3, 2026. The 2026 WAFCON will also serve as the - [I Have Constitutional Power To Declares Sowore Wanted-Lagos CPJimoh](https://businesstodayng.com/i-have-constitutional-power-to-declares-sowore-wanted-lagos-cpjimoh/) - Lagos Commissioner of Police, CP Jimoh Moshood, on Wednesday disclosed that famous Nigerian activist, Omoyele Sowore, was yet to report after he was declared wanted for allegedly plotting to instigate public unrest and obstruct major roads in the state, just as he also added that he has the constitutional power to declared him wanted. Moshood, - [FG Hands Over 100 Two-bedroom Homes To Widows](https://businesstodayng.com/fg-hands-over-100-two-bedroom-homes-to-widows/) - Widows in Rigachikun, Kaduna State are presently in a joyous mood as the Federal Government on Wednesday handed handed over 100 energy-efficient two-bedroom homes with urban farming spaces to them, under the Family Homes Funds Limited Social Housing Programme. The Presidency, which confirmed the development through a statement a post on its official X on - [Court Grants Nnamdi Kanu Another Chance To Open Defence](https://businesstodayng.com/court-grants-nnamdi-kanu-another-chance-to-open-defence/) - The detained leader of the Indigenous People of Biafra, Nnamdi Kanu, on Wednesday got another opportunity, for the fourth time, to defend the terrorism charges filed against him by the federal government or waive his right to do so. The Federal High Court sitting in Abuja, presided over by Justice James Omotosho on Wednesday gave - [Why Nigeria Lost $300bn To Crude Oil Theft in N’Delta, As Senate Orders Probe](https://businesstodayng.com/why-nigeria-lost-300bn-to-crude-oil-theft-in-ndelta-as-senate-orders-probe/) - Following fresh concerns that Nigeria may have lost more than $300bn in unaccounted crude proceeds over the years due to alleged collusion, poor industry oversight, and entrenched sabotage networks, the Senate on Wednesday received the interim report of its Ad Hoc Committee investigating crude oil theft in the Niger Delta. The committee, chaired by Senator - [Nigeria gets approval as host of UNESCO’s First Category-2 International Media and Information Literacy Institute](https://businesstodayng.com/nigeria-gets-approval-as-host-of-unescos-first-category-2-international-media-and-information-literacy-institute/) - At its 43rd General Conference of the Communication and Information Commission (CI Session) held in Samarkand, Uzbekistan, the United Nations Educational, Scientific and Cultural Organization (UNESCO) has formally approved the designation of the International Media and Information Literacy Institute, Abuja, Nigeria, as a UNESCO Category 2 Institute, the first of its kind in the world. - [NIS To Introduce Emergency Passport For Nigerians Abroad](https://businesstodayng.com/nis-to-introduce-emergency-passport-for-nigerians-abroad/) - The Nigeria Immigration Service (NIS) on Wednesday announced plans to introduce a Single Travel Emergency Passport, a new biometric travel document designed to help Nigerians abroad whose passports are expired, lost, or stolen return home securely and verifiably. The Comptroller-General of Immigration, Kemi Nanna Nandap, made this disclosure during the Joint Thematic Meeting of the - [Senate Confirms NCC’s Board](https://businesstodayng.com/senate-confirms-nccs-board/) - BY NKECHI NAECHEESEZOBOR—Following a successful screening by its Committee on Communications, the Senate on Tuesday confirmed the appointment of Idris Ibikunle Olorunnimbe (representing South West) as Chairman of the Board of the Nigerian Communications Commission (NCC). Adopting the Committee’s report during its plenary session, the Senate also confirmed Maryam Bayi (North East), Senator Ramoni Olalekan - [Photo News: Faces At 2025 Insurance Directors’ Conference](https://businesstodayng.com/photo-news-faces-at-2025-insurance-directors-conference/) - Cross section of insurance directors and MD’s at the conference. Cross section of participants at the event. Cross section of Universal Insurance PLC Delegation to the conference Cross section of Enterprise Life Delegation to the conference Cross section of HEIRS Insurance Group Delegation to the conference Cross section of NAICOM Delegation to the conference from - [PenCom, NAICOM Issue Tough New Directive: Insurance Firms Must Stop Business With Defaulting Employers](https://businesstodayng.com/pencom-naicom-issue-tough-new-directive-insurance-firms-must-stop-business-with-defaulting-employers/) - BY NKECHI NAECHE-ESEZOBOR—The National Pension Commission (PenCom) and the National Insurance Commission (NAICOM) have directed all insurance companies and their vendors to ensure full compliance with Nigeria’s pension and insurance laws. The regulatory move is part of efforts to strengthen accountability within the insurance and pension industries, safeguard workers’ benefits, and enforce adherence to statutory - [Shareholders Applaud As Veritas Kapital Assurance Posts 228% Revenue Surge To N23.3bn For FY24](https://businesstodayng.com/shareholders-applaud-as-veritas-kapital-assurance-posts-228-revenue-surge-to-n23-3bn-for-fy24/) - BY NKECHI NAECHE-ESEZOBOR—Shareholders of Veritaskapital, have applauded the performance of the Company for the financial year ended December 31,2024 as it posted revenue of N23.3 billion, indicating 228% growth from N7.1 billion in 2023. The shareholders at the company’s 48th Annual General Meeting, held in Abuja, gave the commendation and endorsed all resolutions proposed at - [Court Orders PDP, Damagum To Proceed With National Convention](https://businesstodayng.com/court-orders-pdp-damagum-to-proceed-with-national-convention/) - An Oyo State High Court has ordered the Peoples Democratic Party (PDP) and its National Chairman, Ambassador Umar Damagum, to go ahead with the party’s national convention scheduled for November 15 and 16, 2025, in Ibadan. Justice A.L. Akintola issued the ruling on Monday after considering an ex parte application filed by one Folahan Malomo - [NIS Denies Natasha’s Allegation Of Seizure Of Her Passport](https://businesstodayng.com/nis-denies-natashas-allegation-of-seizure-of-her-passport/) - The Nigerian Immigration Service (NIS) on Tuesday denied the allegation of the Senator representing Kogi Central, Natasha Akpoti-Uduaghan, that its officers seized her passport at the airport. Recall that the lawmaker representing Kogi Central had earlier gone live on Facebook, alleging that immigration officers at the airport withheld her passport without legal justification. In the - [DSS: Over 100 Terrorism Suspects Facing Trial As Courts Resume Hearings](https://businesstodayng.com/dss-over-100-terrorism-suspects-facing-trial-as-courts-resume-hearings/) - The Department of State Services (DSS) has announced significant progress in the ongoing prosecution of terrorism suspects across the country, revealing that over 100 individuals are currently facing trial in various courts. The Service said the renewed judicial activity underscores its commitment to ensuring that those responsible for acts of terror are brought to justice - [Tinubu Appoints Dr John Nwabueze As Tax Ombudsman](https://businesstodayng.com/tinubu-appoints-dr-john-nwabueze-as-tax-ombudsman/) - BY GABRIEL ESEZOBOR—President Bola Tinubu on Tuesday approved the appointment of Dr John Nwabueze as the Tax Ombudsman, in accordance with the provisions of the Joint Revenue Board of Nigeria (Establishment) Act, 2025. This appointment aligns with President Bola Ahmed Tinubu’s commitment to implementing far-reaching and sustainable reforms in the tax and revenue administration framework. - [DSS Dismisses 115 Personnel](https://businesstodayng.com/dss-dismisses-115-personnel/) - BY NKECHI NAECHE-ESEZOBOR—The Department of State Services, DSS, on Tuesday announced the dismissal of 115 personnel as part of the agency’s ongoing reforms. According to statement released via the agency official X account , future explained that the dismissals occurred over a period of time. The statement reads: “In addition, the agency in to earlier - [EFCC to INEC – Ensure Credible, Free and Fair Elections](https://businesstodayng.com/efcc-to-inec-ensure-credible-free-and-fair-elections/) - The Acting Zonal Director of the Economic and Financial Crimes Commission, EFCC, Uyo Zonal Directorate, Assistant Commander of the EFCC, ACE I Oshodi Johnson, has called on the Independent National Electoral Commission, INEC to take the lead in tracking and curbing corrupt practices and negative influences during elections across Nigeria. Oshodi made the call in - [Pension Fund: AFC Pushes For PenCom Alliance To Develop Nigeria’s Infrastructure](https://businesstodayng.com/pension-funds-afc-seeks-strategic-alliance-with-pencom-to-strengthen-nigerias-infrastructure-development/) - BY NKECHI NAECHE-ESEZOBOR—The Africa Finance Corporation (AFC) has called for a strategic partnership with the National Pension Commission (PenCom) to harness pension funds for accelerated infrastructure development in Nigeria. This move is aimed at strengthen the capacity of Pension Fund Administrators (PFAs) in infrastructure investment. Leading an AFC delegation to the Commission’s headquarters, the Corporation’s Executive - [Mompha Faces Full Trial After Court Dismisses No-Case Submission](https://businesstodayng.com/mompha-faces-full-trial-after-court-dismisses-no-case-submission/) - Justice Mojisola Dada of the Lagos State Special Offences Court, sitting in Ikeja, has dismissed the no-case submission filed by social media celebrity, Ismaila Mustapha, popularly known as Mompha, and another defendant in an alleged money laundering case. The Economic and Financial Crimes Commission (EFCC) had arraigned Mompha, alongside his company, Ismalob Global Investment Limited, - [Bafarawa To Tinubu: Avoid Confrontation With Trump Over CPC Blacklist](https://businesstodayng.com/bafarawa-to-tinubu-avoid-confrontation-with-trump-over-cpc-blacklist/) - President Bola Tinubu has been called upon on Tuesday to avoid confrontation and embrace dialogue to resolve the growing tension with President Donald Trump of the United States of America over an alleged genocide against Christians in the northern parts of the country. Recall that Trump had designated Nigeria as ‘a country of particular concern’ - [Court Fixes Deadline Date For Nnamdi Kanu To Open Defence In Terrorism Trial](https://businesstodayng.com/court-fixes-deadline-date-for-nnamdi-kanu-to-open-defence-in-terrorism-trial/) - The leader of the Indigenous People of Biafra(IPOB), Nnamdi Kanu, has been given until November 5 to defend the terrorism charges filed against him or risk waiving his right to do so. The Federal High Court in Abuja, presided over by Justice James Omotoso, who gave the deadline on Tuesday, advised Kanu to consult legal - [Anambra Guber: IG Warns Criminals To Stay Clear Polling Units](https://businesstodayng.com/anambra-guber-ig-warns-criminals-to-stay-clear-polling-units/) - The Inspector General of Police, Kayode Egbetokun, on Tuesday warned criminal elements planning to disrupt Anambra State governorship election scheduled for Saturday, 8 November, 2025, to stay clear of all polling units in the state. According to him security agencies will fully enforce the law to the letter. Egbetokun handed down the warning during the - [Senate To Meet Tinubu, Executive Arm To Deliberate On Trump’s Military Threat](https://businesstodayng.com/senate-to-meet-tinubu-executive-arm-to-deliberate-on-trumps-military-threat/) - The Senate on Tuesday announced that it will meet with President Bola Tinubu and the executive arm to deliberate on President Donald Trump’s recent threat and his controversial allegation of genocide in the country. Recall Trump’s remarks, which tagged Nigeria as a “Country of Particular Concern” over alleged religious persecution, have generated hot debates and - [Tinubu, Sanwo-Olu Celebrate Femi Otedola At 63](https://businesstodayng.com/tinubu-sanwo-olu-celebrate-femi-otedola-at-63/) - Congratulations messages are pouring in like a torrential rainfall for the famous billionaire businessman and philanthropist, Femi Otedola, for reaching the age of 63 on Tuesday as President Bola Tinubu and Lagos State Governor, Babajide Sanwo-Olu, congratulated him. Tinubu, in a statement he issued through his Special Adviser on Information and Strategy, Bayo Onanuga, on - [Tinubu Writes Senate, Seeks Confirmation Of Enugu Attorney-General As Minister](https://businesstodayng.com/tinubu-writes-senate-seeks-confirmation-of-enugu-attorney-general-as-minister/) - President Bola Tinubu on Tuesday forwarded the name of the Attorney-General and Commissioner for Justice of Enugu State, Dr. Kingsley Tochukwu-Udeh, through a letter to the Senate for his confirmation as a minister. Recall that the Tochukwu-Udeh nomination comes in the wake of the resignation of former Minister of Innovation, Science and Technology, Uche Nnaji. - [NIIRA 2025: NAICOM Sets Up Working Groups To Fast‑Track Insurance Sector Reforms](https://businesstodayng.com/niira-2025-naicom-sets-up-working-groups-to-fast‑track-insurance-sector-reforms/) - BY NKECHI NAECHE-ESEZOBOR—The National Insurance Commission (NAICOM) has taken a decisive step toward transforming the nation’s insurance landscape with the launch of a comprehensive Implementation Strategy for the National Insurance Industry Reform Agenda (NIIRA) 2025. At a Meeting held in Abuja, the Commissioner for Insurance, Mr. Olusegun Ayo Omosehin, inaugurated three core working groups to - [Lagos APC Slams Peter Obi, Accuses Him Of Jubilating Over Nigeria’s Challenges](https://businesstodayng.com/lagos-apc-slams-peter-obi-accuses-him-of-jubilating-over-nigerias-challenges/) - The Lagos State chapter of the All Progressives Congress (APC) on Tuesday slammed the 2023 presidential candidate of the Labour Party, Peter Obi, of making it a habit to rejoice over the challenges faced by Nigeria and the latest threat by the President United States of America, Donald Trump over alleged genocide killing of Christians. - [FCT Fire Service Announces Saving N14bn Property, 69 Lives In Nine Months](https://businesstodayng.com/fct-fire-service-announces-saving-n14bn-property-69-lives-in-nine-months/) - The Federal Capital Territory (FCT) Fire Service on Tuesday during the celebration of its 23rd anniversary, held at its Conference Hall in Abuja, disclosed that it has saved property worth N14.46 billion and 69 lives between January and September 2025. According to the service, it received a total of 338 fire calls, nine rescue calls, - [After Public Backlash, Nigerian Immigration Releases Senator Natasha Passport](https://businesstodayng.com/after-public-backlash-nigerian-immigration-releases-senator-natasha-passport/) - Following public backlash the Nigerian Immigration Service (NIS) on Tuesday returned the travel passport of Senator Natasha Akpoti-Uduaghan. Senator Akpoti-Uduaghan, who represents Kogi Central, was blocked by officials of NIS from traveling on Tuesday morning. Following the development, the lawmaker raised alarm after officials stopped her at the airport and withheld the document. The incident - [Gombe Gov Announces Disbursement Of ₦8.2bn Gratuity To Over 3,000 Retirees](https://businesstodayng.com/gombe-gov-announces-disbursement-of-₦8-2bn-gratuity-to-over-3000-retirees/) - Retires in both state and local government in Gombe State were in a happy mood on Tuesday as the state Governor Muhammadu Yahaya, announced the disbursement of ₦8.2 billion to clear part of the backlog of gratuities owed them. Governor Yahaya, who stated this while speaking at the well-attended ceremony held the Government House, Gombe, - [Niger LG Election: APC Clears All 25 Chairmanship Seats](https://businesstodayng.com/niger-lg-election-apc-clears-all-25-chairmanship-seats/) - The ruling All Progressives Congress(APC) in Niger State has cleared all the chairmanship seats in the elections conducted on Saturday in all the 25 local government areas of the state. The election was held on November 1 with over 10 political parties fielding candidates for the electoral positions. Some of them include the PDP, All - [UK Court Send Nigerian Postgraduate Student, Chiemka Okoronta To Prison For Raping Teenage Girl](https://businesstodayng.com/uk-court-send-nigerian-postgraduate-student-chiemka-okoronta-to-prison-for-raping-teenage-girl/) - 29-year-old Nigerian postgraduate student, Chiemka Okoronta, has been jailed for 10 years for raping a stranded teenage bus passenger in West Yorkshire, United Kingdom. Acco to BBC News, the 17-year-old girl was on board a night service unexpectedly terminated in Morley, Leeds, with both requiring transport home to Bradford on 25 March. Okoronta, tricked her - [FCT Police Arrest 59 Suspects In raid Across Major Black Spots, Investigate Suicide In Lugbe](https://businesstodayng.com/fct-police-arrest-59-suspects-in-raid-across-major-black-spots-investigate-suicide-in-lugbe/) - Operatives of the Federal Capital Territory (FCT) Police Command have arrested at least 59 suspects during coordinated raids across major black spots and criminal hideouts in Abuja. Security expect, Zakazola Makama, who made this disclosure via official x handle on Monday, quoting sources, revealed that the raids were conducted late Saturday by operatives from Apo, - [LASTMA Confirms Recovery Of Fallen Gas Tanker, Alerts Motorists Of Traffic Disruption](https://businesstodayng.com/lastma-confirms-recovery-of-fallen-gas-tanker-alerts-motorists-of-traffic-disruption/) - The Lagos State Traffic Management Authority (LASTMA) Monday alerted motorists in the state to expect a temporary closure of the Chisco–Victoria Island corridor following ongoing efforts to recover an upturned gas tanker involved in an accident earlier on Monday. The agency’s Director, Public Affairs and Enlightenment Department, Adebayo Taofiq, who made this disclosure through a - [U.S. Invasion Threat: Chad followed Closes Border With Nigeria](https://businesstodayng.com/u-s-invasion-threat-chad-followed-closes-border-with-nigeria/) - Government of Chad has announced the immediate closure of its border with Nigeria and deployed heavy military presence along major entry points following speculation of possible US military invasion in Nigeria. Security expert, Zakazola Makama, who made this disclosure on Monday, via his official x handle, quoting military sources in N’Djamena, the country’s capital confirmed - [Nigeria: NSA, Service Chiefs Meet In Abuja Over Trump’s Military Threat](https://businesstodayng.com/nigeria-nsa-service-chiefs-meet-in-abuja-over-trumps-military-threat/) - Following Trump’s military threat, the National Security Adviser (NSA), Malam Nuhu Ribadu, on Monday met with service chiefs and heads of security and intelligence agencies at the National Counter Terrorism Centre (NCTC) in Abuja, the nation’s seat of power. Security expert, Zakazola Makama, who made this disclosure on Monday via his official x handle, quoting - [I Dumped PDP For APC To Protect State From Sinking After Terminal Decline Of The Party- Bayelsa Gov](https://businesstodayng.com/i-dumped-pdp-for-apc-to-protect-state-from-sinking-after-terminal-decline-of-the-party-bayelsa-gov/) - Bayelsa State Governor, Douye Diri, on Monday gave reason for defecting from the Peoples Democratic Party to the All Progressives Congress, saying his action was meant to protect Bayelsa from sinking with what he described as the “terminal decline” of the PDP. Diri stated this on Monday during a grand reception held for him at - [Anambra Poll: 16 Political Parties, Candidates Sign Peace Accord](https://businesstodayng.com/anambra-poll-16-political-parties-candidates-sign-peace-accord/) - Ahead of November 8 Anambra State governorship poll , 16 governorship candidates contesting for the election, along with their party chairmen on Monday signed a peace accord committing themselves and their supporters to a peaceful electoral process before, during, and after the poll. The signing ceremony, which was held at the International Convention Center, Awka, - [FG Releases N21.3bn To Settle Arrears, Allowances Of Resident Doctors](https://businesstodayng.com/fg-releases-n21-3bn-to-settle-arrears-allowances-of-resident-doctors/) - The Minister of State for Health and Social Welfare, Dr. Iziaq Salako, on Monday disclosed that the Federal Government has released the N21.3bn to settle outstanding arrears, allowances of members of the Nigerian Association of Resident Doctors(NARD) who are currently on indefinite strike since Saturday. Salako made this disclosure while addressing newsmen on Monday in - [Tinubu Orders Health Minister To See To Immediate Resolution Of Doctors’ Strike](https://businesstodayng.com/tinubu-orders-health-minister-to-see-to-immediate-resolution-of-doctors-strike/) - President Bola Tinubu on Monday ordered the Federal Ministry of Health and Social Welfareto ensure that members of the Nigerian Association of Resident Doctors(NARD) who are on strike resume work immediately. The Minister of State for Health and Social Welfare, Dr. Iziaq Salako, disclosed Tinubu’s directive while addressing newsmen on Monday in Abuja, following the - [Army Confirms Eliminating 19 Bandits, Lose Of Two Soldiers During Kano Gun Battle](https://businesstodayng.com/army-confirms-eliminating-19-bandits-lose-of-two-soldiers-during-kano-gun-battle/) - The Nigerian Army on Monday confirmed that troops of the Joint Task Force Operation MESA in the Shanono Local Government Area of Kano State, led by 3 Brigade Nigerian Army, on Sunday night eliminated at least 19 bandits during an encounter with the bandits. The Assistant Director, Army Public Relations, 3 Brigade Nigerian Army, Capt. - [New PDP Acting National Chairman Speaks On His Mission In Party](https://businesstodayng.com/new-pdp-acting-national-chairman-speaks-on-his-mission-in-party/) - Mohammed Abdulrahman, the acting national chairman of the Peoples Democratic Party(PDP), on Monday vowed to reposition the party and bring all aggrieved members together ahead of the 2027 general election. Abdulrahman, who stated this while addressing journalists at the party’s mini office in the Wuse District of Abuja on Monday, decried the state of the - [Otedola Hails Tinubu’s 15% Petrol Import Tariff, Says Move Will Protect Investment In Nigeria](https://businesstodayng.com/otedola-hails-tinubus-15-petrol-diesel-import-tariff-policy-says-move-will-protect-investment-in-nigerias-refining/) - Popular Nigerian Billionaire businessman, Femi Otedola, on Monday lauded President Bola Tinubu over the implementation of a 15 per cent import tariff on petrol and diesel, saying his action will protect investments in Nigeria’s refining and energy value chain. Otedola, who hailed Tinubu’s move through his official X handle on Monday, described the tariff policy - [Ground Operation, Air Strikes Could Be Part Of US Attack In Nigeria – Trump](https://businesstodayng.com/ground-operation-air-strikes-could-be-part-of-us-attack-in-nigeria-trump/) - US President Donald Trump on Sunday repeated his threat of a military operation in Nigeria over killings of Christians, after the Nigerian presidency suggested a meeting to resolve the issue. Asked Asked by an AFP reporter aboard Air Force One if he was considering US troops on the ground in Nigeria or air strikes, Trump - [Africa Didn’t Invade America Over #BlackLivesMatter, Soludo Reacts To Trump’s Threat](https://businesstodayng.com/africa-didnt-invade-america-over-blacklivesmatter-soludo-reacts-to-trumps-threat/) - The Governor of Anambra State, Chukwuma Soludo, has reacted to United States President Donald Trump’s threat to carry out military action in Nigeria following claims of a Christian genocide. Soludo said the security challenges in Nigeria go beyond a conflict between Muslims and Christians. Speaking during a media chat on Sunday, the governor stated that - [Protest Rocks PDP National Secretariat](https://businesstodayng.com/protest-rocks-pdp-national-secretariat/) - Instead of the crisis rocking the main political opposition in Nigeria, the Peoples Democratic Party(PDP) to be abating is festering like a sore as protest erupted on Monday at Wadata Plaza in Abuja, the national secretariat of the party. It was gathered supporters of the faction loyal to the PDP National Vice Chairman (North Central), - [Kebbi Police Rescue Six kidnap Victims](https://businesstodayng.com/kebbi-police-rescue-six-kidnap-victims/) - Operatives of the Kebbi State Police Command have rescued at least six kidnapped victims unhurt in Donko following a fierce gun battle with armed bandits in Danko/Wasagu Local Government Area of the state. Kebbi State Police Public Relations Officer, CSP Nafiu Abubakar, who made this disclosure through a statement issued on Monday, said the rescue - [British Transport Police Arrest Man Over Alleged UK Train Mass Stabbings, Say He Faces 11 Attempted Murder Charges](https://businesstodayng.com/british-transport-police-arrest-man-over-alleged-uk-train-mass-stabbings-say-he-faces-11-attempted-murder-charges/) - British Transport Police, on its website on Monday, confirmed the arrest of a 32-year-old man named Anthony Williams, of attempted murder following a major incident on a train in Cambridgeshire on Saturday evening. According to the British Transport Police, Williams has been charged with multiple counts of murder. The police in the statement said Williams, - [Presidency Denies Report Of Tinubu’s Planned Visit To US Over Allegation Of Genocide Against Christians](https://businesstodayng.com/presidency-denies-report-of-tinubus-planned-visit-to-us-over-allegation-of-genocide-against-christians/) - The Presidency on Monday categorically denied a report claiming that the President is scheduled to visit the United States on Tuesday for a meeting with US Vice President J.D. Vance. The Senior Special Assistant to President Bola Tinubu on Media and Publicity, Temitope Ajayi, who made the denial through a post via his official X - [Yobe Govt Mourns Passage Of Kannywood Actor, Malam Nata’ala](https://businesstodayng.com/yobe-govt-mourns-passage-of-kannywood-actor-malam-nataala/) - The Yobe State Government through the State Commissioner for Women Affairs, Ya Jalo Badama, has mourned the passage a famous Kannywood actor , Yakubu Mato, popularly addressed as Malam Nata’ala, who died on Sunday after battling a prolong sickness. Malam Nata’ala was originally from Yobe State and was a notable name in the Chamama comedy - [Tragedy Hit Kannywood As Actor Malam Nata’ala Dies After Prolonged illness](https://businesstodayng.com/tragedy-hit-kannywood-as-actor-malam-nataala-dies-after-prolonged-illness/) - Tragedy hit Kannywood on Sunday as a famous actor, Yakubu Mato, popularly addressed as Malam Nata’ala, is dead after battling a prolong illness Before his eventual death, the Mato’s illness had drawn public concern in recent months, leading to fundraising appeals and reported interventions from both Yobe State Government and authorities in Niger Republic. It - [Rex Insurance Grows Gross Premium By 72% To N28.76bn, Despite High Claims Pressure](https://businesstodayng.com/rex-insurance-grows-gross-premium-by-72-to-n28-76bn-despite-claims-pressure/) - From left: Sheila Ezeuka, Company Secretary/General Counsel; Ebelechukwu Nwachukwu, Managing Director/CEO, Rex Insurance Limited; Abayomi Kayode, Chief Finance Officer of the company and Adesola Akintayo, ED Technical, during the media briefing held in Lagos recently. BY NKECHI NAECHE-ESEZOBOR—Rex Insurance Limited has release its 2024 financial statements announcing a growth of 72% in its gross written - [JAMB Fixes Date For Extension Of Public University Admission Deadline](https://businesstodayng.com/jamb-fixes-date-for-extension-of-public-university-admission-deadline/) - The Joint Admissions and Matriculation Board (JAMB) on Sunday announced the extension of public university admission processes into public universities deadline to November 17. The Spokesperson of the Board, Dr Fabian Benjamin, made this disclosure through a statement issued on Sunday. “You will recall that the 2025 Policy Meeting on Admissions, held on 18th July, - [NDLEA Busts Clandestine Colos lab In Lagos](https://businesstodayng.com/ndlea-busts-clandestine-colos-lab-in-lagosm/) - Operatives of the National LDrug Law Enforcement Agency (NDLEA) have uncovered a clandestine laboratory where Colorado, a synthetic strain of cannabis is being produced in a residential building located at Ajao estate, Isolo Lagos with large quantities of freshly cooked Colos and various precursor chemicals for drug production recovered and the 30-year-old lab owner, Stephen - [Alleged Christian Genocide In Nigeria: Tinubu To Meet Trump](https://businesstodayng.com/alleged-christian-genocide-in-nigeria-tinubu-to-meet-trump-2/) - President Bola Tinubu will meet with his United States counterpart, Donald Trump, in the coming days to discuss allegations of a Christian genocide in Nigeria. Daniel Bwala, Special Adviser to the President on Policy Communication, who made this disclosure through a state posted on his official X handle on Sunday, said the planned meeting arise - [Police To Deploy Helicopters, Drones For Security During Anamba Elections](https://businesstodayng.com/police-to-deploy-helicopters-drones-for-security-during-anamba-elections/) - The Anambra State Commissioner of Police, CP Ikioye Orutugu, on Sunday said that as part of measures to guarantee safety and ensure a hitch-free governorship election scheduled for next Saturday in the state, the command has received the Force Headquarters’ Advance Tactical Teams deployed to strengthen the security operations across the state. Orutugu, who - [Davido Pens Heartfelt Romantic Note To Wife Chioma, Says I Love You Today, Tomorrow And Always](https://businesstodayng.com/davido-pens-heartfelt-romantic-note-to-wife-chioma-says-i-love-you-today-tomorrow-and-always/) - Famous Nigerian Afrobeats megastar, David Adeleke, popularly addressed as Davido on Saturday penned a heartfelt note and sent a bouquet of flowers to his wife, Chioma Adeleke. In the love note, the Osun state born singer once again proved that romance is alive and thriving The singer taking to his Instagram story on Saturday, shared - [Hurricane Melissa Disaster: WHO Allocates $4m, Send Medical Team](https://businesstodayng.com/hurricane-melissa-disaster-who-allocates-4m-send-medical-team/) - Following Hurricane Melissa which has devastated western Jamaica, the World Health Organisation and other groups on Sunday sent medical teams to the country, and the United States says its emergency response teams are on the ground. United Nations chief Antonio Guterres “emphasised that international support is crucial at this time,” and called for the “mobilisation - [Kebbi Police Arrest Two Suspected kidnappers, Rescue 14-year-old Victim](https://businesstodayng.com/kebbi-police-arrest-two-suspected-kidnappers-rescue-14-year-old-victim/) - Operatives of the Kebbi State Police Command have arrested two suspected kidnappers and rescued a 14-year-old boy unhurt during a joint security operation in Ka’oje, Bagudo Local Government Area of the state. According the command, the suspects, identified as Aliyu Alhaji Shehu (alias Altine), 25, and Abubakar Umar (alias Bube), both from Orda village in - [FG Condemns Abduction Of Anambra Neurosurgeon, Says Incident Direct Assault On Nation’s Health Security](https://businesstodayng.com/fg-condemns-abduction-of-anambra-neurosurgeon-says-incident-direct-assault-on-nations-health-security/) - The Federal Government, through the Federal Ministry of Health and Social Welfare on Sunday condemned the abduction of a consultant neurosurgeon with the Nnamdi Azikiwe University Teaching Hospital, Anambra State, Dr Tochukwu Mbanugo. Mbanugo, who was kidnapped by gunmen in Anambra State shortly after performing a life-saving brain surgery, was reportedly attacked around Omatha Junction, - [Imo Police Deny Torturing Suspected IPOB Sponsor To Death](https://businesstodayng.com/imo-police-deny-torturing-suspected-ipob-sponsor-to-death/) - The Imo State Police Command on Sunday categorically denied a social media report that operatives of its Anti-kidnapping Unit (Tiger Base) tortured a terror suspect, Magnus Ejiogu, to death, describing the report as “false, unfounded, and deliberately aimed at maligning the image of the Nigeria Police Force”. Imo State Police Command Public Relations Officer, Henry - [EU, France, Nigeria Sign €10.2m Deal To Boost Local Medicine Production](https://businesstodayng.com/eu-france-nigeria-sign-e10-2m-deal-to-boost-local-medicine-production/) - As part of measures to boost local medicine production, the Federal Government, in partnership with the European Union and France, has signed a partnership agreement under the Global Gateway’s Manufacturing and Access to Vaccines, Medicines, and Health Technologies Initiative in the country. The EU, which confirmed the development through a statement issued on Sunday, said - [US War Department Prepares For Action In Nigeria Over Alleged Genocide Against Christians](https://businesstodayng.com/us-war-department-prepares-for-action-in-nigeria-over-alleged-genocide-against-christians/) - Echoing a threat from US President Donald Trump that stirred international concern, United States Secretary of War, Pete Hegseth on Sunday announced his country readiness to take military action over alleged killings of Christians in Nigeria. Hegseth, who sated this through his official x handle on Sunday, said that the United States Department of War - [Sowore Warns Nigerians Against Welcoming Trump’s Recent Threat Of Military Intervention](https://businesstodayng.com/sowore-warns-nigerians-against-welcoming-trumps-recent-threat-of-military-intervention/) - Omoyele Sowore, human rights activist and former presidential candidate, on Sunday cautioned Nigerians against welcoming US President Donald Trump’s recent threat of military intervention in Nigeria, describing it as “perilous” and urging the country to focus on internal reforms instead of relying on foreign powers. Sowore was reacting to a post by Trump on Saturday, - [Alleged Christian Genocide In Nigeria: Tinubu To Meet Trump](https://businesstodayng.com/alleged-christian-genocide-in-nigeria-tinubu-to-meet-trump/) - President Bola Tinubu will meet with his United States counterpart, Donald Trump, in the coming days to discuss allegations of a Christian genocide in Nigeria. Daniel Bwala, Special Adviser to the President on Policy Communication, who made this disclosure through a state posted on his official X handle on Sunday, said the planned meeting arise - [Enugu Police Arrest Five Armed Robbery Suspects, Recover Two Firearms, Seven Ammunition](https://businesstodayng.com/enugu-police-arrest-five-armed-robbery-suspects-recover-two-firearms-seven-ammunition/) - Operatives of the Enugu Police Command have arrested at least five male suspects for alleged armed robbery and related offences in separate operations within the state. The Enugu State Command Public Relations Officer, Daniel Ndukwe, who confirmed the arrest of the suspects through a statement issued on Sunday in Enugu, said the command’s operatives recovered - [NELFUND Hits One million Student Loan Applications](https://businesstodayng.com/nelfund-hits-one-million-student-loan-applications/) - In what is described as one of the one of the biggest uptake levels for a government-backed social scheme since the start of President Bola Ahmed Tinubu administration, the Nigerian Education Loan Fund(NELFUND) on Sunday announced that the student loan scheme has crossed one million applications on its official portal The Director, Strategic Communications, Oseyemi - [NRC Suspends Service After Warri-Itakpe Train Derails](https://businesstodayng.com/nrc-suspends-service-after-warri-itakpe-train-derails/) - Exactly four days after Warri-Itakpe train service resumed, the management of the Nigeria Railway Corporation(NRC) on Sunday announced the suspension of service after the train derailed along the corridor. The NRC announced the suspension through a statement issued on Sunday. Recall that before the unfortunate Kaduna-Abuja accident on August 26, the NRC had suspended the - [NEM Insurance Promotes Wellness, Insurance Awareness Through Fitness Walk](https://businesstodayng.com/nem-insurance-promotes-wellness-insurance-awareness-through-fitness-walk/) - NEM Insurance Plc, today, Saturday held its Fitness Walk as part of efforts to promote insurance awareness and encourage healthy living among Nigerians. The event, tagged “NEM Fitness Walk – Walk with Us, Feel the Difference,” brought together staff and management of the company and its subsidiaries, led by the Managing Director/Chief Executive Officer, Mr. - [Kebbi Police Confirm Abduction Of State Deputy Speaker, Commence Rescue Operation](https://businesstodayng.com/kebbi-police-confirm-abduction-of-state-deputy-speaker-commence-rescue-operation/) - Barely 24 hours after the abduction of Deputy Speaker Deputy Speaker of the Kebbi State House of Assembly, Alhaji Muhammad Sama’ila-Bagudo, by gunmen in Bagudo Local Government Area of the state, the state police command on Saturday confirmed the development. The Kebbi State Police Command Public Relations Officer, CSP Nafi’u Abubakar, confirmed the development through - [Gunmen Abduct Five in Zamfara Community](https://businesstodayng.com/gunmen-abduct-five-in-zamfara-community/) - Security expert, Zagazola Makama on Saturday disclosed that on Friday night gunmen invaded Gidan Maman Bazamfare in Zamafarawa, Kwukun Waje district of Bungudu Local Government Area, Zamfara State and abducted five persons. Makama, who made this disclosure through his x handle on Saturday, quoted sources to have said that the incident occurred around 6 p.m. - [Edun To Bankers: Fund Youths’ Ideas To Drive Growth](https://businesstodayng.com/edun-to-bankers-fund-youths-ideas-to-drive-growth/) - The banking sector in Nigeria has been called upon to finance the ideas of young Nigerians, so that they don’t resort to ecosystems that are outside of their control. The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, made the call at the 2025 Investiture Ceremony of the Chartered Institute of Bankers - [Army Confirms Eliminating Two Bandits, Rescuing 17, Arrest 20 During Nationwide Raids](https://businesstodayng.com/army-confirms-eliminating-two-bandits-rescuing-17-arrest-20-during-nationwide-raids/) - As part of its intensified operations against terrorists and criminal elements across the country, the Nigerian Army on Saturday announced that its troops have rescued 17 kidnapped victims, arresting 20 suspects, and neutralising two terrorists within the last 48 hours. Nigerian Army, which made this disclosure a statement posted on its official X handle on - [Senator Ndume Slams FG, N’Assembly Over US ‘Christian Genocide’ Tag In Nigeria](https://businesstodayng.com/senator-ndume-slams-fg-nassembly-over-us-christian-genocide-tag-in-nigeria/) - Both the Federal Government and the National Assembly have been slammed by former Senate Leader, Ali Ndume, on Saturday, for failing to act early to counter what he labeled as the growing “misconception” about religious persecution in Nigeria before the United States reclassified the country as a “Country of Particular Concern.” Ndume, who represents Borno - [Lagos Police Arrest Notorious Driver Over Alleged Rape, Robbery Of women](https://businesstodayng.com/lagos-police-arrest-notorious-driver-over-alleged-rape-robbery-of-women/) - A man allegedly responsible for a string of violent crimes, including rape, defilement, assault, indecent assault, and multiple armed robberies targeting female passengers across parts of Lagos State, have been arrested by the rack detectives and operatives of the Lagos State Criminal Investigation Department, Panti, Yaba of the state police command. The Lagos State Police - [Fayose Backs New PDP Acting National Chairman, Urges Him To Unite, Restore Peace In Party](https://businesstodayng.com/fayose-backs-new-pdp-acting-national-chairman-urges-him-to-unite-restore-peace-in-party/) - The factional acting National Chairman of the Peoples Democratic Party(PDP), Mohammed Abdulrahman, has been urged by the former Ekiti State Governor, Ayodele Fayose, to move quickly to unite the party and restore peace amid growing internal divisions. Recall that Abdulrahman was appointed Acting National Chairman of the PDP following the suspension of the National Chairman, - [Delta Police Intercept Bus Loaded With Drugs](https://businesstodayng.com/delta-police-intercept-bus-loaded-with-drugs/) - Operatives of the Delta State Police Command have intercepted a Hiace bus fully loaded with controlled substances, including codeine and tramadol, at a toll gate in Asaba, the state capital The Delta Police Command Public Relations Officer, SP Bright Edafe, who confirmed the development through a video shared on X handles on Saturday by the - [FG Set To Release N11.995bn Arrears , Others Within 72 Hours](https://businesstodayng.com/fg-set-to-release-n11-995bn-arrears-others-within-72-hours/) - The Federal Government, through the Federal Ministry of Health and Social Welfare on Saturday announced that it will release N11.995bn within 72 hours for the payment of outstanding arrears, including accoutrement allowance, to doctors and other health workers across the country. The announcement came amid a nationwide strike that began today (Saturday), involving about 11,000 - [Ahead Of Cycling Race, Lagos Govt Issues Traffic Advisory To Motorists](https://businesstodayng.com/ahead-of-cycling-race-lagos-govt-issues-traffic-advisory-to-motorists/) - BREAKING: Crisis Rocks PDP Again As Factions Emerge, Anyanwu Group Suspends Damagum, Othersduring a press conference following a factional PDP National Working Committee meeting in Abuja Is seems the crisis rocking Nigerian main opposition party, Peoples Democratic Party (PDP)is far from over as fresh divisions emerged on Saturday within its leadership of the party with - [Ebonyi Police kill Two, Arrest Three Suspected Ciminals](https://businesstodayng.com/ebonyi-police-kill-two-arrest-three-suspected-ciminals/) - Operatives of the Ebonyi State Police Command have killed two suspected hoodlums and the arrest of three others during raids on criminal hideouts in the Iyonu and Isu communities of the state. It was gathered that the suspects had been terrorising the two communities and neighbouring villages before their arrest and kiling. Ebonyi State Police - [Country of Particular Concern: Nigeria Fires Back At Trump](https://businesstodayng.com/country-of-particular-concern-nigeria-fires-back-at-trump/) - The Federal Government has frowned at the recent remarks by U.S. President Donald J. Trump alleging large-scale killings of Christians in Nigeria and calling for the country’s designation as a “Country of Particular Concern.” According to statement by the Spokesperson of the Ministry of Foreign Affairs, Kimiebi Ebienfa, explained that while Nigeria appreciates global concern - [Tinubu To Trump: Our Administration Has Maintained An Open And Active Engagement With Christian And Muslim leaders](https://businesstodayng.com/tinubu-to-trump-our-administration-has-maintained-an-open-and-active-engagement-with-christian-and-muslim-leaders/) - The President Ahmed Bola Tinubu on Saturday responded to President Donald Trump’s declaration of Nigeria as ” Country of particular Concern”, reaffirmed that the nation’s strong commitment to democracy, constitutional freedoms, and the protection of religious liberty for all citizens. The President, spoke via his official X handle, said his administration has remained open to - [FG Launches GPS Dialogue Series To Drive Economic Growth](https://businesstodayng.com/fg-launches-gps-dialogue-series-to-drive-economic-growth/) - In a bid to drive economic growth and development, the Federal Government has taken a significant step by launching the Government–Private Sector (GPS) Dialogue Series: Finance and SME Growth Roundtable in Lagos. This initiative is part of the Renewed Hope Agenda, aimed at fostering collaboration between government officials and private sector leaders to tackle economic - [UZOKA-ANITE LEADS SOUTHEAST BUSINESS LEADERS ON COURTESY VISIT TO LAGOS GOVERNOR, SEEKS COLLABORATION TO DRIVE ECONOMIC GROWTH](https://businesstodayng.com/uzoka-anite-leads-southeast-business-leaders-on-courtesy-visit-to-lagos-governor-seeks-collaboration-to-drive-economic-growth/) - In a significant step towards ensuring economic growth and development in the country, the Honourable Minister of State for Finance, Dr Doris Uzoka-Anite on Friday, led a delegation of prominent Southeast business leaders on a courtesy visit to the Executive Governor of Lagos State, Mr. Babajide Sanwo-Olu, to strengthen collaboration between government and the private - [NEMA Announces Receiving 131 stranded Nigerians from Niger Republic](https://businesstodayng.com/nema-announces-receiving-131-stranded-nigerians-from-niger-republic/) - The National Emergency Management Agency (NEMA), through its official x handle on Saturday, announced that it has received at least 131 Nigerian returnees from Agadez, Niger Republic, under the Assisted Voluntary Return Programme supported by the International Organisation for Migration(IOM)in collaboration with the Federal Government. “The returnees arrived through the Aminu Kano International Airport in - [Ghanaian Court Send Nigerian, Chukwudi Nwachukwu, To Prison For Trafficking Younger Sister, Nine Other from Nigeria To Ghana For Prostitution](https://businesstodayng.com/ghanaian-court-send-nigerian-chukwudi-nwachukwu-to-prison-for-trafficking-younger-sister-nine-other-from-nigeria-to-ghana-for-prostitution/) - A Ghanaian court has sentenced a 29-year-old Nigerian, Chukwudi Nwachukwu, to 10 years’ imprisonment for trafficking his younger sister and nine other girls from Nigeria to Ghana for prostitution. The victims, aged between 15 and 18 years, were reportedly lured from Nigeria with promises of decent jobs in a restaurant but were forced into sex - [PenCom Inaugurates PENCARE Board Of Trustees, Appoints Ahmad As Chairman](https://businesstodayng.com/pencom-inaugurates-pencare-board-of-trustees-appoints-ahmad-as-chairman/) - BY NKECHI NAECHE-ESEZOBOR—The National Pension Commission,(PenCom),has inaugurated the Board of Trustees for PENCARE (The Pension Industry Health Care Initiative). The board which was inaugurated by the Director General of PenCom, Ms. Omolola Oloworaran, will be chaired by M. K. Ahmad, the pioneer DG of PenCom. , the Director General of PenCom, Ms. Omolola Oloworaran, has - [Wike Advances Rural Policing With Six New FCT Police Stations](https://businesstodayng.com/wike-advances-rural-policing-with-six-new-fct-police-stations/) - To curb kidnappings, killings, and other vices in the Federal Capital Territory, Minister of the FCT Nyesom Wike is expanding policing by erecting new police stations in rural and border communities. This is in fulfilment of his pledge to decentralise policing and bring safety nearer to residents. The move comes after months of insecurity across - [Famous American Singer, Diddy In Tears As He Was Moved To Prison To Serve Jail Term](https://businesstodayng.com/famous-american-singer-diddy-in-tears-as-he-was-moved-to-prison-to-serve-jail-term/) - A court in United States on Friday ordered that famous US hip-hop star , Sean “Diddy” Combs to be transferred to a prison in New Jersey to serve his jail term of four years and two months for prostitution-related crimes Combs is being held in the low-security Fort Dix prison, some 130 kilometers (80 miles) - [Credible, Inclusive National Identity Management System Fundamental To National Identity Development Goals-Tinubu](https://businesstodayng.com/credible-inclusive-national-identity-management-system-fundamental-to-national-identity-development-goals-tinubu/) - President Bola Tinubu on Thursday declared that his administration is committed to providing a credible, secure, verifiable, and usable identity management system across the board, asserting that such a system is fundamental to the nation's developmental goals. President Tinubu spoke at the State House during the launch of the NINAUTH APP, a digital, mobile-based identity - [FG Vows Its Commitment to Women, peace and security Agenda](https://businesstodayng.com/fg-vows-its-commitment-to-women-peace-and-security-agenda/) - As the world marks the 25th anniversary of the United Nations Security Council Resolution 1325, the Federal Government through the Ministry of Women Affairs and Social Development . has reaffirmed Nigeria’s commitment to advancing the Women, Peace, and Security Agenda. Minister of Women Affairs and Social Development, Hajia Imaan Sulaiman-Ibrahim, stated through a statement signed - [EU Parliament Backs Nigeria’s Economic Reforms, Pledges Support for Sustainable Development](https://businesstodayng.com/eu-parliament-backs-nigerias-economic-reforms-pledges-support-for-sustainable-development/) - The Minister of Budget and Economic Planning, Senator Abubakar Atiku Bagudu has received a delegation of the European Parliamentary Committee on Foreign Affairs led by Mr. David McAllister, alongside the European Union Ambassador to Nigeria and ECOWAS, Ambassador Gautier Mignot, during a courtesy visit to the Ministry’s headquarters in Abuja. The high-level visit underscored the - [Despite Court Order, PDP Directs Members To Prepare For Convention](https://businesstodayng.com/despite-court-order-pdp-directs-members-to-prepare-for-convention/) - Despite the order Federal High Court in Abuja presided over by Justice James Omotosho stopping Peoples Democratic Party from holding its national convention slated for Ibadan , Oyo State between November 15 and 16, the party on Friday directed its members nationwide to begin preparations for national convention, as it announced plans to challenge the - [FG Approves National Carbon Market Framework To Unlock $3bn Annually](https://businesstodayng.com/fg-approves-national-carbon-market-framework-to-unlock-3bn-annually/) - Ahead of the 2025 United Nations Climate Change Conference (COP 30) scheduled to be held in Brazil, starting from Monday, November 10 to Friday, November 21, 2025, President Bola Tinubu on Friday announced the approval of the adoption of a National Carbon Market Framework, the operationalisation of the Climate Change Fund, and the restoration of - [Presidency Confirms 15% Fuel Tariff Approval By Tinubu, Says Policy Will Boost Local Refining](https://businesstodayng.com/presidency-confirms-15-fuel-tariff-approval-by-tinubu-says-policy-will-boost-local-refining/) - President Bola Tinubu has approved a 15 per cent import tariff on petrol and diesel, describing the policy as a strategic step to stimulate local refining and strengthen Nigeria’s energy independence. The new policy, which takes effect after a 30-day transition period expected to end on 21 November 2025, is part of the government’s strategy - [APC Membership Receives Boost in Kano As 650 NNPP Members Defect To Party](https://businesstodayng.com/apc-membership-receives-boost-in-kano-as-650-nnpp-members-defect-to-party/) - The membership drive of the kano State chapter of the All Progressives Congress (APC)in Gobirawa Ward, Dala Local Government Area, and parts of Fagge and Ungoggo Local Government Areas of the state received a boost as at least 650 members of the New Nigeria Peoples Party(NNPP) defected to the party. It was gathered that the - [Access Holdings Records N3.9 Trillion Gross Earnings in Nine Months](https://businesstodayng.com/access-holdings-records-n3-9-trillion-gross-earnings-in-nine-months/) - Access Holdings PLC has released its nine-month ended September 30, 2025 (“Q3 2025”) results, recording gross earnings of ₦3.9trillion, which represented a rise by 14.1% year-on-year over ₦3.4trillion as at Q3 2024. This performance was driven by sustained growth in both interest and fees and commission, reflecting the strength of the Group’s diversified earnings base and - [NGX Group Declares ₦1.00 Interim Dividend, Sustains Track Record of Shareholder Value Creation](https://businesstodayng.com/ngx-group-declares-₦1-00-interim-dividend-sustains-track-record-of-shareholder-value-creation/) - Nigerian Exchange Group Plc (NGX Group or the Group) has announced the declaration of an interim dividend of ₦1.00 per ordinary share of 50 kobo each, following the approval of its unaudited financial statements for the third quarter ended 30 September 2025, at the meeting of its Board of Directors held on Wednesday, 29 October - [Regency Alliance Delivers Strong 2024 Result, Grows Assets By 16%](https://businesstodayng.com/regency-alliance-delivers-strong-2024-result-grows-assets-by-16/) - BY NKECHI NAECHE-ESEZOBOR—Regency Alliance Insurance Plc has announced a strong financial performance for the 2024 financial year, highlighted by a 15.96 per cent growth in total assets to N21.857bn, compared to N18.848bn recorded in 2023. The Chairman of the company, Mr. Clem Baiye, disclosed this while presenting the firm’s 2024 financial statements at its 31st - [Nigeria’s Economic Future Anchored on Responsible and Visionary Leadership — Edun](https://businesstodayng.com/nigerias-economic-future-anchored-on-responsible-and-visionary-leadership-edun/) - The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun has reaffirmed that Nigeria’s economic transformation depends on responsible and visionary leadership capable of sustaining reforms and driving inclusive growth. Speaking at the Oxford Global Think Tank Leadership Conference in Abuja on Tuesday, themed *Better Leadership for a Better Nigeria,* the - [FG Committed To Completing Brass Gas Project In Bayelsa-Ekpo](https://businesstodayng.com/fg-committed-to-completing-brass-gas-project-in-bayelsa-ekpo/) - As part of measures to industrialise Nigeria through the strategic utilisation of natural gas, the Federal Government, through Ministry for Petroleum Resources, on Thursday restated its commitment to fast-tracking the completion of the multi-billion-dollar Brass Gas Projects in Bayelsa State . Initially conceived over a decade ago, the Brass Methanol Project, is a $3.6bn gas - [Lagos Police Arrest Ex-Convict, Two Others For Theft And Pickpocketing, Recovers Exhibits](https://businesstodayng.com/lagos-police-arrest-ex-convict-two-others-for-theft-and-pickpocketing-recovers-exhibits/) - Operatives of the Lagos State Police Command’s Rapid Response Squad (RRS) have arrested an ex-convict, Segun Kolawole “m”, aged 25, just five days after his release from the Kirikiri Correctional Centre, alongside two suspected pickpockets, Sodiq Isa “m”, aged 27, and Adekanmbi Ganiu “m”, aged 21, for various theft-related offences across different parts of Lagos - [New Army Chief Approves Major Postings, Appointments Of Senior Officers](https://businesstodayng.com/new-army-chief-approves-major-postings-appointments-of-senior-officers/) - Few hours after his resumption of office, the new Chief of Army Staff, Lieutenant General Waidi Shaibu, on Thursday approved the posting and appointment of senior officers to command, staff, and training positions across the Nigerian Army. Shaibu urged the officers to discharge their duties with professionalism and uphold the values of loyalty, selfless service, - [FG Approves ₦758bn Bonds To Clear Pension Arrears Owed Since 2007](https://businesstodayng.com/fg-approves-₦758bn-bonds-to-clear-pension-backlogs-owed-since-2007/) - The Federal Government, through National Pension Commission, on Thursday announced the approval of ₦758 billion in bonds to offset long-standing pension liabilities, including pension increases owed since 2007. The Director-General of the National Pension Commission, Omolola Oloworaran, made this disclosure on Thursday in Yola, Adamawa State while speaking at a two-day sensitisation workshop on the - [Insecurity: Nigerians Expect Results, Not Excuses, Tinubu Tells Service Chiefs](https://businesstodayng.com/insecurity-nigerians-expect-results-not-excuses-tinubu-tells-service-chiefs/) - President Bola Ahmed Tinubu has charged the newly appointed service chiefs to intensify efforts to defeat terrorism, banditry, and other criminal activities across the country, emphasising that Nigerians expect results, not excuses. President Tinubu delivered this charge on Thursday at the Presidential Villa, following the decoration of the service chiefs with their new ranks. “We - [Tragedy In Ogun As Police Inspector, Others Perish In Lagos-Ibadan Expressway Multiple Crash](https://businesstodayng.com/__trashed-15/) - The Lagos State Commissioner of Police, Moshood Jimoh, Thursday confirmed that no fewer than four people, a police inspector attached to the Lagos State Police Command, lost their lives while several others sustained injuries in a multiple-vehicle crash involving five articulated trucks on Kara Bridge, inward Mowe, along the Lagos-Ibadan Expressway Jimoh, who confirmed the - [Adamawa Court Sends Bank MD To 5 Years Jail For Criminal Conspiracy, Cheating](https://businesstodayng.com/adamawa-court-sends-bank-md-to-5-years-jail-for-criminal-conspiracy-cheating/) - Adamawa State High Court, presided over by Justice Benjamin Manji, has sent the Managing Director, Bonghe Micro Finance Bank, Grace Andreas Karka to five years jail term. Karka was prosecuted on two-count charges bordering on criminal conspiracy and cheating to the tune of N32,000,000 (Thirty Two Million Naira) by the Gombe Zonal Directorate of the - [Major General Shaibu Resumes Duty As 25th Army Chief](https://businesstodayng.com/major-general-shaibu-resumes-duty-as-25th-army-chief/) - The Nigerian Army on Thursday confirmed the resumption of Major General Waidi Shaibu to duty as the 25th Chief of Army Staff, following a colourful handing and taking over ceremony at the Army Headquarters, Abuja. The resumption witnessed a seamless transition of leadership, marking a new phase in its operational history. The Acting Director, Army - [Tinubu Approves Payment Of N4trn Debt For GenCos](https://businesstodayng.com/gencos-as-tinubu-approves-payment-of-n4trn-debt/) - Relieve came the way of Gencos on Thursday as President Bola Tinubu finally approved the payment of over N4 trillion in debt owed them—a liability that almost paralysed the operations of the power sector. Minister of Power Chief Adebayo Adelabu, announced this good news on Thursday during an event to mark the 20th anniversary of - [One Die, Eight Rescue In Another Lagos Building Collapse](https://businesstodayng.com/one-die-eight-rescue-in-another-lagos-building-collapse/) - The Permanent Secretary of Lagos State Emergency Management Agency (LASEMA), Dr Olufemi Oke-Osanyintolu, on Thursday, confirmed the death of one adult male and rescuing of eight others from a three-storey building that collapsed in the Apapa area of Lagos State. Dr Oke-Osanyintolu, who confirmed the development through a statement issued on Thursday in Lagos, said - [Jigawa State Govt Approves N344m For Elderly Care Programme](https://businesstodayng.com/jigawa-state-govt-approves-n344m-for-elderly-care-programme/) - This is indeed good news for the elderly people in Jigawa State, as Governor, Malam Umar Namadi, on Thursday approved the release of over ₦344 million for the implementation of the Elderly Care Programme aimed at improving the welfare of senior citizens across the state. Namadi, who made this disclosure on Thursday while launching the - [Nigeria Is Not A Violator Of Religious Freedom – Information Minister Clarifies](https://businesstodayng.com/nigeria-is-not-a-violator-of-religious-freedom-information-minister-clarifies/) - BY NKECHI NAECHE-ESEZOBOR—The Minister of Information and National Orientation, Mohammed Idris, has said that there is a renewed focus by the Tinubu administration towards addressing Nigeria’s security challenges to guarantee the safety and well-being of all citizens. Speaking on CNN on Tuesday night, Idris dismissed claims by some foreign officials suggesting that terrorists in Nigeria - [FG, King Salman Foundation Seal Strategic Deal To Boost Nigeria’s Development](https://businesstodayng.com/fg-king-salman-foundation-seal-strategic-deal-to-boost-nigerias-development/) - Determined to improve the lives of its citizens, the Federal Government has expressed its readiness to collaborate with the King Salman Foundation in order to drive socio-economic development in Nigeria. This development follows a meeting held between the Minister of State for Finance, Dr. Doris Uzoka-Anite today in her office in Abuja with the representatives - [Service Chiefs: Nigerian Army Will Deal Decisively With Lakurawa Bandits — Gen Shaibu](https://businesstodayng.com/service-chiefs-nigerian-army-will-deal-decisively-with-lakurawa-bandits-gen-shaibu/) - The Chief of Army Staff (COAS), Major General Waidi Shaibu, has vowed to deal with the terrorist group, Lakurawa, wreaking havoc in parts of the northern region. Shaibu, who was recently appointed by President Bola Tinubu, stated this at his screening by the Senate on Wednesday. He recounted his military career and field experience, highlighting - [Senate Confirms Shaibu As New Chief of Army Staff, Orders Him To Assume Office Immediately](https://businesstodayng.com/senate-confirms-shaibu-as-new-chief-of-army-staff-orders-him-to-assume-office-immediately/) - Major General Waheedi Shaibu was on Wednesday confirmed as the new Chief of Army Staff by the Nigerian Senate, just as it also directed him to “take a bow” and assume office immediately. Shaibu’s confirmation came barely an hour after the upper chamber cleared General Olufemi Oluyede as Chief of Defence Staff, marking the commencement - [DSS Arrests Innocent Chukwuma For Alleged Canvassing For Military Coup Through Social Media](https://businesstodayng.com/dss-arrests-innocent-chukwuma-for-alleged-canvassing-for-military-coup-through-social-media/) - The Department of State Services, DSS, has arrested one Innocent Chukwuma for allegedly using his social media handle to canvas for military rule in Nigeria. Security expert, Zagazola Makama, who made this disclosure on Wednesday through his official X handle, said the suspect was trailed to Oyigbo, Port Harcourt, Rivers State where he was apprehended. - [Insecurity: We’ve Made Gains, But More Work Lies Ahead — New CDS Oluyede](https://businesstodayng.com/insecurity-weve-made-gains-but-more-work-lies-ahead-new-cds-oluyede/) - The newly appointed Chief of Defence Staff (CDS), Lieutenant General Olufemi Oluyede, on Wednesday said significant progress had been made in improving national security, just as he also admitted that more work remained to be done. Oluyede also admitted that his tenure as the Chief of Army Staff (CoAS) was “very challenging The New CDS - [Senate Confirms Oluyede As New Chief of Defence Staff](https://businesstodayng.com/senate-confirms-oluyede-as-new-chief-of-defence-staff/) - As it commenced the screening of the newly appointed service chiefs at the National Assembly complex in Abuja, the Senate on Wednesday confirmed Chief of Defence Staff-designate, General Olufemi Oluyede Oluyede was confirmed barely an hour after he and other nominees arrived at the complex amid tight security. Welcoming the nominees to the chamber, Senate - [$400m Steel Deal: FG Partners Chinese Firm To Revive Local Production](https://businesstodayng.com/400m-steel-deal-fg-partners-chinese-firm-to-revive-local-production/) - The Federal Government, through Federal Ministry of Steel Development on Wednesday announced the signing of a $400 million cooperation agreement with Stellar Steel Company Limited, a Chinese-backed firm, to establish a major steel plant in Ewekoro, Ogun State. Nigeria’s steel story has long been defined by unfulfilled potential, and despite possessing one of Africa’s largest - [Sanwo-Olu Announces Disbursement Of ₦2.7bn To Over 10,000 Vulnerable Lagos Households](https://businesstodayng.com/sanwo-olu-announces-disbursement-of-₦2-7bn-to-over-10000-vulnerable-lagos-households/) - The Lagos State Governor, Babajide Sanwo-Olu, has announced the disbursement of ₦2.7 billion under its EKO Cares and EKO Listens social intervention programmes, reaching over 10,000 vulnerable households across the state. Sanwo-Olu, who reaffirmed his administration’s commitment to poverty reduction and inclusive development, said the initiative aims to provide financial support for residents in areas - [Kaduna Invests €10m To Boost Dairy Production](https://businesstodayng.com/kaduna-invests-e10m-to-boost-dairy-production/) - Kaduna State Governor, Uba Sani on Wednesday disclosed that the state government invested €10 million in 2023 to establish the Arla Farms in Damau, Kubau Local Government Area. The Governor, who made this disclosure while speaking at the Arla-Dano Open Day on Wednesday, reaffirmed his administration’s commitment to revitalizing the livestock sector, improving rural infrastructure, - [After Public Outcry, Tinubu Reverses Maryam Sanda’s Pardon, Convict To Spend Six Years In Jail](https://businesstodayng.com/after-public-outcry-tinubu-reverses-maryam-sandas-pardon-convict-to-spend-six-years-in-jail/) - President Bola Tinubu on Wednesday revoked the Presidential pardon granted to Maryam Sanda, sentenced to death in 2020 for the killing of her husband, Bilyaminu Bello. The President also reversed her sentence to 12 years. This was revealed in an official gazette released by the Special Adviser to the President on Information and Strategy, Bayo - [Police Arrest Suspected Cultists, Gun Peddlers In Delta](https://businesstodayng.com/police-arrest-suspected-cultists-gun-peddlers-in-delta/) - A gang of suspected cultists and gun peddlers have been arrested by the operatives of the Delta State Police Command, just as they also recovered from the hoodlums multiple firearms and ammunition. The Delta State Police Command Public Relations Officer, SP Bright Edafe, who confirmed the development through a state issued to newsmen in Warri - [Reps Approve Tinubu’s ₦1.84trn Loan Request, $500m Sovereign Sukuk](https://businesstodayng.com/reps-approve-tinubus-₦1-84trn-loan-request-500m-sovereign-sukuk/) - President Bola Ahmed Tinubu’s request to implement a new external borrowing plan totaling ₦1.84 trillion (approximately $1.23 billion) as provided in the 2025 Appropriation Act to help finance the national budget deficit has been approved by the house of Represenstatives on Wednesday, The House also approved $500m Sovereign Sukuk loan request too. It was gathered - [Stanbic IBTC Reaffirms Commitment To Agriculture Through Partnership With BATN Foundation At Lagos Farm Fair](https://businesstodayng.com/stanbic-ibtc-reaffirms-commitment-to-agriculture-through-partnership-with-batn-foundation-at-lagos-farm-fair/) - BY NKECHI NAECHE-ESEZOBOR—Stanbic IBTC Bank reaffirmed its dedication to Nigeria’s agricultural sector at the Lagos Farm Fair 2025, held on 16 October 2025 in Ikeja, Lagos. Organised by the British American Tobacco Nigeria Foundation, in collaboration with the Lagos State Ministry of Agriculture and Food Systems, the event coincided with World Food Day, uniting farmers, - [NDLEA Moves To Forfeit Pretty Mike’s Proxy Night Club Over 384.9kg Drug Bust](https://businesstodayng.com/ndlea-moves-to-forfeit-pretty-mikes-proxy-night-club-over-384-9kg-drug-bust/) - BY NKECHI NAECHE-ESEZOBOR—The National Drug Law Enforcement Agency (NDLEA), has said it will prosecute the owner of Proxy Night Club, Mike Eze Nwalie Nwogu alias Pretty Mike and his manager, Joachin Millary, following the seizure of 384.882 kilograms of Canadian Loud, a strong strain of cannabis and other substances from the club’s store. The agency - [NAICOM, FRSC Launch Joint Drive to Enforce Third-Party Motor Insurance Compliance](https://businesstodayng.com/naicom-frsc-launch-joint-drive-to-enforce-third-party-motor-insurance-compliance/) - BY NKECHI NAECHE-ESEZOBOR—The National Insurance Commission (NAICOM) and the Federal Road Safety Corps (FRSC) have inaugurated a Joint Committee on the Enforcement of Compulsory Third-Party Motor Insurance. The event, held at NAICOM’s Headquarters in Abuja, marks a major step in the implementation of the provisions of the Nigerian Insurance Industry Reform Act (NIIRA) 2025 and - [NDLEA Reports Major Gains In Drug War — 45,853 Arrests, 9,263 Convictions In 30 Months](https://businesstodayng.com/ndlea-reports-major-gains-in-drug-war-45853-arrests-9263-convictions-in-30-months/) - * Rewards 220 Officers BY NKECHI NAECHE-ESEZOBOR—National Drug Law Enforcement Agency (NDLEA), on Wednesday said it has made 45,853 arrest and seized over 8.5 million kilograms of assorted illicit drugs in the last 30 months. The Chairman/Chief Executive Officer of NDLEA, Brig Gen Mohamed Buba Marwa (rtd) disclosed this today while presenting awards to - [US Revokes Wole Soyinka’s Visa, Nobel Laureate Expresses Surprise](https://businesstodayng.com/us-revokes-wole-soyinkas-visa-nobel-laureate-expresses-surprise/) - Nobel Laureate Prof. Wole Soyinka on Tuesday revealed that the United States of America has revoked his visa. Professor Soyinka made this known on Tuesday during a meeting with journalists at Kongi’s Harvest Gallery, Freedom Park, Lagos Island. The Nobel Laureate said the US consulate informed him of the revocation in a letter dated October - [CBN Denies Allocating $1.26bn To Oil Importers](https://businesstodayng.com/cbn-denies-allocating-1-26bn-to-oil-importers/) - The Central Bank of Nigeria (CBN) has refuted reports claiming it disbursed $1.26 billion to major oil companies for the importation of refined petroleum products and related items. In a statement on Sunday, the apex bank described the reports as “entirely inaccurate and misleading,” stressing that it had not made such foreign exchange allocations. The - [N2.7bn Fraud Case: Ex-Aviation Minister Hadi Sirika’s Trial Adjourned to Dec 9](https://businesstodayng.com/2-7bn-fraud-case-ex-aviation-minister-hadi-sirikas-trial-adjourned-to-dec-9/) - Justice S.C. Oriji of the Federal Capital Territory, FCT, High Court Maitama has adjourned till December 9, 2025 the adoption of written addresses by the prosecution and defence counsel in the trial within trial of a former Minister of Aviation Hadi Abubakar Sirika. Sirika is on trial alongside his daughter Fatima Hadi Sirika, son in - [NCRIB President. Ezeibe Pushes ‘One Insurance Industry’ Goal, Targets Area Committees For Growth](https://businesstodayng.com/ncrib-president-ezeibe-pushes-one-insurance-industry-goal-targets-area-committees-for-growth/) - BY NKECHI NAECHE-ESEZOBOR—The 23rd President and Chairman of the governing board of the Nigerian Council of Registered Insurance Brokers. Mrs. Ekeoma Esther Ezeibe, on Tuesday promised to focus on ‘One Insurance Industry’ aimed at strengthening the insurance industry. She disclosed this during a press briefing held today at the council’s office, she promised to have - [Photo News: Mr Anders Holch Povlsen, CEO Bestseller and Chair Bestseller Foundation, Visits President Tinubu in Abuja](https://businesstodayng.com/photo-news-denmarks-richest-man-mr-anders-holch-povlsen-of-bestseller-bestseller-foundation-visits-president-bola-tinubu-in-abuja/) - From left: CEO, Bestseller and Chair Bestseller Foundation, Mr Anders Holch Povlsen and President Bola Ahmed Tinubu during his visit today in Abuja. L-R: Danish Ambassador to Nigeria, Jens Bach Hansen; CEO, Bestseller and Chair Bestseller Foundation, Mr Anders Holch Povlsen; President Bola Ahmed Tinubu; Chief of Staff to the President, Hon Femi Gbajabiamila, and Minister - [A New Dawn For Nigeria: What Our Exit From FATF Grey List Means For Every Nigerian](https://businesstodayng.com/a-new-dawn-for-nigeria-what-our-exit-from-fatf-grey-list-means-for-every-nigerian/) - BY DR DORIS UZOKA-ANITE —On October 24, 2025, Nigeria achieved a historic milestone that will reshape our nation's economic future. At the Financial Action Task Force (FATF) Plenary in Paris, France, Nigeria was officially removed from the grey list - a designation that had constrained our financial system and limited opportunities for ordinary Nigerians since - [Nigeria Needs Long-Term Capital, Infrastructure Investment— Arunma Oteh](https://businesstodayng.com/nigeria-needs-long-term-capital-infrastructure-investment-arunma-oteh/) - BY NKECHI NAECHE-ESEZOBOR—Former Director-General of the Securities and Exchange Commission (SEC) and Founder Oxford Global Think Tank, Ms. Arunma Oteh, at the event called for urgent action to mobilize long-term capital, accelerate infrastructure development, and decentralize the management of Nigeria’s mineral resources to unlock sustainable growth. Speaking at the Oxford Global Yhink Tank Leadership Conference - [Dele Momodu Backs Calls For Nnamdi Kanu’s Release](https://businesstodayng.com/dele-momodu-backs-calls-for-nnamdi-kanus-release/) - Famous Nigerian Media entrepreneur and publisher of Ovation International, Dele Momodu, on Tuesday called on the Federal Government to release the detained leader of the Indigenous People of Biafra(IPOB) Nnamdi Kanu. Momodu’s comments come following renewed calls from political leaders, civil rights groups, and Igbo socio-cultural organisations for Kanu’s release and a political resolution to - [NEMA Receives 153 Stranded Nigerians From Chad](https://businesstodayng.com/nema-receives-153-stranded-nigerians-from-chad/) - The National Emergency Management Agency (NEMA) on Tuesday confirmed that it has received 153 Nigerian returnees from Chad under the Assisted Voluntary Return Programme facilitated by the International Organisation for Migration (IOM) in collaboration with the Federal Government. The latest development comes a few days after NEMA said it received 150 Nigerian returnees from Agadez, - [Lagos Task Force Impounds 64 Commercial Motorcycles](https://businesstodayng.com/lagos-task-force-impounds-64-commercial-motorcycles/) - In a renewed effort to sustain sanity and safety on Lagos roads, the Lagos State Task Force has carried out a comprehensive enforcement operation on commercial motorcycles, seizing 64 of them The state Director, Public Affairs, Ministry of Transportation, Mrs Bolanle Ogunlola, who made this disclosure through a statement issued on Tuesday, explained that the - [$1bn Lagos Ports Investment Is Not Sabotage, But Economic Foresight-Lagos APC](https://businesstodayng.com/1bn-lagos-ports-investment-is-not-sabotage-but-economic-foresight-lagos-apc/) - Lagos State chapter of the All Progressives Congress (APC) on Tuesday said the Federal Government’s $1 billion investment in the Lagos ports is part of a nationwide modernisation blueprint. The state APC image-maker, Mr Seye Oladejo, who stated this through a statement issued on Tuesday, said this while reacting to opposition parties’ criticism of the - [Anambra Guber: INEC Chair Vows To Fix Network Glitches](https://businesstodayng.com/anambra-guber-inec-chair-vows-to-fix-network-glitches/) - Ahead of the November 8 governorship election in Anambra State, the new Chairman of the Independent National Electoral Commission (INEC) Prof. Joash Amupitan, SAN, Tuesday assured Nigerians that the commission is taking urgent steps to resolve network challenges experienced during the mock accreditation exercise in the state. The exercise, conducted over the weekend in selected - [Anambra Guber: INEC Strengthens Logistics With 200 Buses, 83 Boats](https://businesstodayng.com/anambra-guber-inec-strengthens-logistics-with-200-buses-83-boats/) - The Independent National electoral Commission (INEC) Professor Joash Amupitan, SAN on Tuesday disclosed that the commission had concluded arrangements with transport unions, including the National Association of Transport Owners, the National Union of Road Transport Workers, and the Maritime Workers Union of Nigeria to ensure seamless transportation of poll officers and sensitive materials ahead November, - [Poor Sanitation: Nasarawa Govt Shuts Lafia Modern Market](https://businesstodayng.com/poor-sanitation-nasarawa-govt-shuts-lafia-modern-market/) - The Nasarawa State Government has ordered the closure of the Lafia Modern Market due to poor sanitary conditions.‎‎ The State Commissioner for Environment and Natural Resources, Princess Margaret Elayo, led officials of the ministry and security agencies to seal off the facility in Lafia.‎‎ According to Elayo, the state government took the action after several - [11 Die In Kenya Aircraft Crash](https://businesstodayng.com/11-die-in-kenya-aircraft-crash/) - Mombasa Air on Tuesday confirmed that a small plane travelling from Kenya’s coast crashed on Tuesday, killing all 11 people on board, including foreigners The small plane was en route to Kichwa Tembo — an airstrip located in the Maasai Mara National Park — from the tourist hotspot of Diani when it came down - [Reps Member Raises Alarm Over Terrorists’ Plot To Bomb National Assembly](https://businesstodayng.com/reps-member-raises-alarm-over-terrorists-plot-to-bomb-national-assembly/) - Garba Muhammad, the Chairman of the House of Representatives Committee on Internal Security, on Tuesday, raised an alarm that the National Assembly has received threats from terrorists to bomb the complex and called for urgent fortification of the edifice as a proactive measure. Garba disclosed this in Abuja at a public hearing on a bill - [LG Poll: Niger Gov Declares Thursday, Friday Public Holidays](https://businesstodayng.com/lg-poll-niger-gov-declares-thursday-friday-public-holidays/) - Ahead of the November 1, Local Government elections in Niger State , the state Governor, Mohammed Bago, on Tuesday declared Thursday and Friday as public holidays. The governor made this known on Tuesday in a statement signed by the Information Officer, Office of the Secretary to the State Government, Tanko Lawal, in which he said - [Anambra, Lagos Top 2025 Fiscal Performance Rankings-BudgIT](https://businesstodayng.com/anambra-lagos-top-2025-fiscal-performance-rankings-budgit/) - The BudgIT’s State of States Report released on Tuesday has revealed that Anambra State has emerged as the best-performing state in Nigeria’s 2025 Fiscal Performance Ranking, just as Lagos, Kwara, Abia, and Edo followed in the top five, while Cross River suffered a major decline, dropping from fifth in 2024 to 30th in 2025. - [Reps Seek Support For Families Of Gombe Boat Mishap Victims](https://businesstodayng.com/reps-seek-support-for-families-of-gombe-boat-mishap-victims/) - The Federal Government, through the relevant agencies, has been urged to provide relief materials to cushion the effects of the recent boat mishap that took the lives of five persons in the Nafada River, Gombe State, North-Eastern Nigeria. Recall that five persons, including four young girls and a boy, reportedly lost their lives on Saturday, - [Two Suspected Armed Robbers In Bauchi Police Net](https://businesstodayng.com/two-suspected-armed-robbers-in-bauchi-police-net/) - BY TIMOTHY AMBROSE —As part of measures to combat crime and criminality in the state, operatives of the Bauchi State Police Command have arrested two suspected armed robbers. Bauchi State Police Command Public Relations Officer Ahmed Wakil, who confirmed the development through a statement on Tuesday, said the arrest followed a report received by operatives - [Return State Assets Within One Week- Edo Govt Tells Ex -Deputy](https://businesstodayng.com/return-state-assets-within-one-week-edo-govt-tells-ex-deputy/) - The Edo State Government on Tuesday issued a one-week ultimatum to the former deputy governor, Godwin Omobayo, to immediately return all government property and assets still in his possession. Edo State Governor Monday Okpebholo, on Tuesday, through his Chief Press Secretary, Fred Itua, said all assets acquired or used by Omobayo in the course of - [VAT Overhaul To Deliver N4trn Annual Windfall For States — Oyedele](https://businesstodayng.com/vat-overhaul-to-deliver-n4trn-annual-windfall-for-states-oyedele/) - The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Mr Taiwo Oyedele, on Tuesday projected that states could earn more than N4tn annually from 2026 when new Value Added Tax reforms take effect. Oyedele made this projection on Tuesday at the launch of the BudgIT State of States 2025 Report in Abuja, where - [WAEC Denies Restricting Subjects For 2026 WASSCE Candidates](https://businesstodayng.com/waec-denies-restricting-subjects-for-2026-wassce-candidates/) - The West African Examinations Council (WAEC) on Monday denied reports alleging that it issued a directive restricting Senior Secondary students to specific subjects for the forthcoming 2026 West African Senior School Certificate Examination for School Candidates. The Acting Head of Public Affairs of WAEC, Moyosola Adeshina, who made the denial through a statement issued and - [IGP Deploys 45, 000 Police Officers For Anambra Poll](https://businesstodayng.com/igp-deploys-45-000-police-officers-for-anambra-poll/) - The Inspector General of Police (IGP), Kayode Egbetokun, on Tuesday announced the deployment of 45,000 police officers for the Anambra State governorship election scheduled for Saturday, November 1, 2025. Egbetokun made the announcement Tuesday while speaking at the meeting of the Inter-Agency Consultative Committee on Election Security (ICCES) held at INEC Headquarters, Abuja. The IGP, - [FG Announces Plans To Expand Cash Transfer Beyond 15m Households](https://businesstodayng.com/fg-announces-plans-to-expand-cash-transfer-beyond-15m-households/) - The Federal Government, through the Federal Ministry of Finance and Economy on Tuesday announced plans to scale up its direct cash transfer programme to include more poor and vulnerable Nigerians, according to The Minister of Finance and Coordinating Minister of the Economy, Wale Edun. The Minister of Finance and Coordinating Minister of the Economy, Wale - [Egbetokun Denies Promotion Scandal](https://businesstodayng.com/egbetokun-denies-promotion-scandal/) - The Inspector General of Police (IGP), Kayode Egbetokun, on Tuesday dismissed reports of any promotion scandal in the Nigeria Police Force (NPF). Egbetokun declared that every promotion exercise conducted under his administration — including the recent accelerated promotion for some officers — followed due process, was transparent, merit-based, and in strict conformity with established standards. - [‪ Resident Doctors Write Tinubu, Urge Him To Save Health Sector From Imminent Collapse](https://businesstodayng.com/resident-doctors-write-tinubu-urge-him-to-save-health-sector-from-imminent-collapse/) - The Nigerian Association of Resident Doctors(NARD) on Monday wrote an has an open letter to President Bola Tinubu, appealing to him to immediately intervene in what it described as the worsening state of the country’s health sector. In a Monday letter titled “A Passionate Appeal to the Commander-in-Chief of the Federation,” signed by the association’s - [Update On Lagos Building Collapse: Two Die, 20 Rescue](https://businesstodayng.com/update-on-lagos-building-collapse-two-die-20-rescue/) - The National Emergency Management Agency (NEMA) Tuesday confirmed that two persons dead, while 20 survivors have been rescued from the two-storey building that collapsed on Monday at 54 Cole Street, near Cemetery Bus Stop in Oyingbo area of Lagos State. NEMA, which gave the update through a statement issued on its X handle on Tuesday - [NELFUND Announces Opening Of Student Loan Application Portal For 2025/2026 Academic Session](https://businesstodayng.com/nelfund-announces-opening-of-student-loan-application-portal-for-2025-2026-academic-session/) - The Nigerian Education Loan Fund (NELFUND) on Tuesday announced the official opening of its student loan application portal for the 2025/2026 academic session. The Fund Director of Strategic Communications, Oseyemi Oluwatuyi, who made this announcement through a statement issued on Tuesday, said the application window will run from Thursday, October 23, 2025, to Saturday, January - [Milestone For Nigerian Aviation As Air Peace Abuja–London Flight Begins](https://businesstodayng.com/milestone-for-nigerian-aviation-as-air-peace-abuja-london-flight-begins/) - BY NKECHI NAECHE-ESEZOBOR—Nigeria’s flag carrier, Air Peace, has commenced direct flights from Abuja to London’s Heathrow Airport after successfully securing landing slot. Minister of Aviation and Aerospace Development, Festus Keyamo, announced this today via his X account that the success was achieved following several months of diplomatic negotiations with the United Kingdom. He said “After - [INEC Boss Appoints Adedayo As His New Chief Press Secretary](https://businesstodayng.com/inec-boss-appoints-adedayo-as-his-new-chief-press-secretary/) - The New Chairman of the Independent National Electoral Commission ( INEC) Joash Amupitan, has approved the appointment of Mr Adedayo Eriye Oketola as his Chief Press Secretary CPS. The appointment, conveyed in a letter signed by the Secretary to the Commission, Mrs. Rose Oriaran-Anthony, on October 24, 2025, takes immediate effect. Mr Oketola, a multi-award-winning - [INEC Declares 99% Readiness For November 8, 2025 Anambra Governorship Poll](https://businesstodayng.com/inec-declares-99-readiness-for-november-8-2025-anambra-governorship-poll/) - Few days to the November 8, 2025 Anambra Governorship Election, the Independent National Electoral Commission INEC on Monday disclosed that it is 99 percent ready to conduct a credible poll across the state. It was gathered that a high-level delegation from the Commission’s headquarters in Abuja, led by the National Commissioner for Election Planning and - [Court Adjourns Ganduje, Others’ Trial Over Alleged Misappropriation](https://businesstodayng.com/court-adjourns-ganduje-others-trial-over-alleged-misappropriation/) - A High Court in Kano State presided over by Justice Amina Adamu-Aliyu, on Monday, adjourned the trial of former Kano State governor, Dr Abdullahi Ganduje, and seven others until November 26. Recall that Kano State Government had instituted an 11-count charge bordering on bribery, conspiracy, misappropriation, and diversion of public funds running into billions of - [AGF Denies Abusing Court Process in Alleged Criminal Defamation Suit Against Akpoti-Uduaghan](https://businesstodayng.com/agf-denies-abusing-court-process-in-alleged-criminal-defamation-suit-against-akpoti-uduaghan/) - The Office of the Attorney General of the Federation (AGF) and Minister of Justice on Monday denied the claim by Senator Natasha Akpoti-Uduaghan that the charges filed against her before the Federal Capital Territory High Court and the Federal High Court Abuja, amounts to an abuse of court process. The AGF’s office said the charges - [False Claim Against Tinubu: Court Shifts Sowore’s Arraignment To Nov 5](https://businesstodayng.com/false-claim-against-tinubu-court-shifts-sowores-arraignment-to-nov-5/) - The trial of Omoyele Sowore, the publisher of Sahara Reporters before a Federal High Court in Abuja was on Monday shifted to November 5. The matter, which was scheduled for Sowore and his co-defendants to enter their pleas, could not proceed due to the absence of Justice Mohammed Umar in court. Following the development, the - [Tinubu Meets New Service Chiefs Behind Closed Doors](https://businesstodayng.com/tinubu-meets-new-service-chiefs-behind-closed-doors/) - President Bola Ahmed Tinubu on Monday held a closed a closed-door meeting with the newly appointed Service Chiefs at the Presidential Villa, Abuja. Though the agenda of the meeting has not been officially disclosed as at the time of filing this report, it was gathered that the discussions are centered on strengthening Nigeria’s security architecture - [NHRC Records Over 370,000 Human Rights Complaints In September Alone](https://businesstodayng.com/nhrc-records-over-370000-human-rights-complaints-in-september-alone/) - The Executive Secretary of National Human Rights Commission (NHRC) Dr Tony Ojukwu, SAN, on Monday disclosed that the commission received a total of 371,622 complaints of human rights violations in September, with the North-Central geopolitical zone leading the list. Ojukwu, who made this disclosure on Monday in Abuja at the presentation of the 2025 September - [FG Owes Health Workers N38bn Allowances -NARD](https://businesstodayng.com/fg-owes-health-workers-n38bn-allowances-nard/) - The Nigerian Association of Resident Doctors (NARD) on Monday claimed that the Federal Government owes it members and other health workers across the country an estimated N38bn in accumulated allowances. The President of NARD, Dr. Muhammad Suleiman stated this during a press briefing in Abuja while presenting the resolutions of the Extraordinary National Executive Council - [Great Nigeria Insurance Up Net Income By 254% To N4.6 billion In FY23](https://businesstodayng.com/great-nigeria-insurance-up-net-income-by-254-to-n4-6-billion-fy23/) - BY NKECHI NAECHE-ESEZOBOR—Despite the harsh economic condition, Great Nigeria Insurance Plc, was able to grow its Net Investment Income by 254% to N4.6 billion. Bode Aluko, Chairman of the company disclosed this during its 53rd Annual General Meeting held recently in Lagos that Net Investment Income rose from N1.3 billion achieved in previous year of - [NDLEA Launches Online Portal For Drug Integrity Test, Visa Clearance Certificate](https://businesstodayng.com/ndlea-launches-online-portal-for-drug-integrity-test-visa-clearance-certificate/) - BY NKECHI NAECHE-ESEZOBOR—The National Drug Law Enforcement Agency (NDLEA) has launched a digital platform that will make its drug integrity test and visa clearance processes seamless, more accessible and ultimately curb the scourge of substance abuse and illicit drug trafficking in Nigeria. The portal was unveiled at a press conference to flag off the digitization - [NEM Insurance Shines In Q2 with ₦75.41bn Revenue, Sector Surges To ₦1.2tn](https://businesstodayng.com/nem-insurance-shines-in-q2-with-₦75-41bn-revenue-sector-surges-to-₦1-2tn/) - BY NKECHI NAECHE-ESEZOBOR—Insurance companies in Nigeria have continued to show more strength in premium generation as the industry's gross written premium soared to N1.21 trillion in the second quarter of 2025, indicating a 49.3 per cent growth rate compared to the same period in 2024 and a 57.8 per cent quarter by quarter increase. According - [NIIRA 2025: NAICOM, FRSC, NHIA Unite to Strengthen Road Safety, Insurance Coverage](https://businesstodayng.com/niira-2025-naicom-frsc-nhia-unite-to-strengthen-road-safety-insurance-coverage/) - BY NKECHI NAECHE-ESEZOBOR—In a bid to enhance road safety, promote insurance compliance, and strengthen inter-agency collaboration, the National Insurance Commission (NAICOM), Federal Road Safety Corps (FRSC), and National Health Insurance Authority (NHIA) have entered into a strategic partnership under the National Insurance Industry Roadmap for Action (NIIRA) 2025. The collaboration aims to improve road user - [CBN Welcomes FATF’s Removal of Nigeria from Grey List, Says Move Will Restore Global Trust](https://businesstodayng.com/cbn-welcomes-fatfs-removal-of-nigeria-from-grey-list-says-move-will-restore-global-trust/) - BY NKECHI NAECHE-ESEZOBOR—The Central Bank of Nigeria (CBN) has commended the Financial Action Task Force’s (FATF) decision to remove Nigeria from its “grey list” of jurisdictions under increased monitoring, following a successful on-site evaluation of the country’s financial reforms. The apex bank described the move as a major milestone in Nigeria’s ongoing efforts to strengthen - [Zenith General Insurance Strengthens CSR Drive With DonationsTo Lagos Orphanages](https://businesstodayng.com/zenith-general-insurance-strengthens-csr-drive-with-donationsto-lagos-orphanages/) - BY NKECHI NAECHE-ESEZOBOR—Zenith General Insurance Limited has donated food items and essential supplies to two orphanages in Lagos – Heritage Homes and Children Anchor Orphanage Home, reaffirming its commitment to improving the lives of vulnerable children in the society. During the visits, senior representatives from Zenith General Insurance emphasized the organization’s dedication to giving back, - [Lagos Achieves 80% Budget Performance On N3.37 trillion Plan](https://businesstodayng.com/lagos-achieves-80-budget-performance-on-n3-37-trillion-plan/) - BY NKECHI NAECHE-ESEZOBOR—The Lagos Commissioner for Information and Strategy, Gbenga Omotoso, over the weekend announced the state ₦3.366 trillion 2025 budget has achieved an impressive 80 percent cumulative performance as of October. Omotoso, who made this disclosure during a weekend media chat at Alausa, Ikeja, added that both revenue generation and capital project execution were - [NAFDAC Rolls Out Bold Plan to Regulate Trans-Fats, Promote Healthier Diets](https://businesstodayng.com/nafdac-rolls-out-bold-plan-to-regulate-trans-fats-promote-healthier-diets/) - BY NKECHI NAECHE-ESEZOBOR—The National Agency for Food and Drug Administration and Control NAFDAC has launched the Strategy and Roadmap for Trans-Fatty Acid (TFA) Regulation in Nigeria. This reaffirms her commitment to safeguarding public health by eliminating a dangerous dietary risk linked to heart disease, stroke, and premature death. The Director-General of NAFDAC, Prof. Mojisola Adeyeye, - [NDLEA Uncovers UK-bound Cocaine In Cream Containers, meth In Water Heater](https://businesstodayng.com/ndlea-uncovers-uk-bound-cocaine-in-cream-containers-meth-in-water-heater/) - BY NKECHI NAECHE-ESEZOBOR—A total of 70 parcels of cocaine factory packed in walls of cocoa butter formula body cream containers heading to London, United Kingdom have been uncovered at the export shed of the Murtala Muhammed International Airport (MMIA) Ikeja Lagos by operatives of the National Drug Law Enforcement Agency (NDLEA) with three suspects arrested - [Lasaco Assurance Achieves 25% Revenue Growth, Pays N13.19bn In Claims For 2024](https://businesstodayng.com/lasaco-assurance-achieves-25-revenue-growth-pays-₦13-19bn-in-claims-for-2024/) - BY NKECHI NAECHE-ESEZOBOR—Amid Nigeria’s challenging macroeconomic environment, Lasaco Assurance Plc has reaffirmed its commitment to policyholder trust and financial prudence with a total claims payout of ₦13.19 billion in 2024. Speaking at the company’s 25th Annual General Meeting (AGM) held in Lagos, the Chairman, Mrs. Maria Olateju Phillips, said the claims expenditure underscores the company’s - [Nigeria To Host Maiden IPI Africa Meeting - Information Minister](https://businesstodayng.com/nigeria-to-host-maiden-ipi-africa-meeting-information-minister/) - BY NKECHI NAECHE-ESEZOBOR—Nigeria has accepted to host the maiden meeting of the African bloc of the National Committees of the International Press Institute (IPI). The Minister of Information and National Orientation, Mallam Mohammed Idris, gave the indication during a meeting at the weekend in Vienna, Austria, with the Chairman of the IPI Executive Board, Mr. - [Access Holdings Delivers ₦320.6bn Profit Before Tax in H1 2025](https://businesstodayng.com/access-holdings-delivers-₦320-6bn-profit-before-tax-in-h1-2025/) - BY NKECHI NAECHE-ESEZOBOR—Access Holdings Plc (“the Group” or “the Company”) has delivered a profit before tax (PBT) of ₦320.6 billion for the half year ended June 30, 2025, a demonstration of its strategy, diversified growth model, and execution. Profit after tax (PAT) stood at ₦215.9 billion, underscoring the Group’s ability to consistently generate sustainablereturns amid - [CSCS Partners IBM To Boost Market Infrastructure With Tech Upgrade](https://businesstodayng.com/cscs-partners-ibm-to-boost-market-infrastructure-with-tech-upgrade/) - BY NKECHI NAECHE-ESEZOBOR—The Central Securities Clearing System Plc (CSCS), has upgraded its core application in partnership with global technology leader IBM and Tata Consultancy Services (TCS). This upgrade marks a significant leap in CSCS’s commitment to innovation, efficiency, and resilience, positioning it as one of Africa’s most technologically advanced post-trade service providers. Since first adopting - [CBN Releases $1.26bn To Stabilise Fuel Supply Despite Growing Local Refining](https://businesstodayng.com/cbn-releases-1-26bn-to-stabilise-fuel-supply-despite-growing-local-refining/) - BY NKECHI NAECHE-ESEZOBOR—The Central Bank of Nigeria (CBN) has injected about $1.26 billion into the oil and gas sector in the first quarter of 2025 to support fuel importation and ease foreign exchange pressure on petroleum marketers. According to the CBN’s Quarterly Statistical Bulletin, the disbursement was made between January and March, with $457.83 million - [Davido Gives Reason For Choosing A’Ibom For His Music Concert](https://businesstodayng.com/davido-gives-reason-for-choosing-aibom-for-his-music-concert/) - Famous Nigerian Afrobeats star, David Adeleke, popularly addressed as Davido has said the choice of Akwa Ibom as the first state in Nigeria to host his music concert is due to the quality facilities in the State. Davido, who made this disclosure while speaking at a pre-concert reception hosted by Akwa Ibom State Governor, Umo - [Kanu Insists On No-case Submission, Abandons Plan To Enter Defence](https://businesstodayng.com/kanu-insists-on-no-case-submission-abandons-plan-to-enter-defence/) - On Monday, before the Federal High Court in Abuja presided over by Justice James Omotosho, the detained leader of the proscribed Indigenous People of Biafra(IPOB), Nnamdi Kanu, on abandoned his earlier plan to call witnesses in his ongoing trial before the court Recall that Kanu is being prosecuted on seven counts of terrorism charges brought - [FG Lists N260bn Bonds For October Auction](https://businesstodayng.com/fg-lists-n260bn-bonds-for-october-auction/) - The Federal Government of Nigeria, through the Debt Management Office (DMO) on Monday announced the listing of N260 bn worth of bonds for subscription at its October auction. According to DMO, the offer, which opened on Monday, October 27, 2025, comprises a “N130bn 17.945 per cent Federal Government of Nigeria August 2030 bond (five-year reopening) - [Enugu Govt Arrests Father For Allegedly Defiling His Two Teenage Daughters](https://businesstodayng.com/enugu-govt-arrests-father-for-allegedly-defiling-his-two-teenage-daughters/) - BY OUR REPORTERS:One Ozioma Okonkwo, has been arrested by the Enugu State Government for allegedly defiling his two biological daughters, aged two and five. According to the state government, Okonkwo, who is a native of Imo State residing in Enugu, was arrested on the night of Saturday, October 25, 2025, after a concerned citizen alerted - [Otedola Lauds Dangote’s $20bn Refinery Expansion, Calls It Generational Legacy](https://businesstodayng.com/otedola-lauds-dangotes-20bn-refinery-expansion-calls-it-generational-legacy/) - BY MICHEAL JAMES—Nigeria’s multi-billioniare Business mogul, Femi Otedola, on Sunday celebrated Africa’s richest man, Aliko Dangote, following the announcement of a major expansion of the Dangote Petroleum Refinery. Otedola, who stated this through X handle on Sunday, celebrated his longtime associate refinery’s planned capacity increase from 650,000 to 1.4 million barrels per day. “My brother - [Occupants Feared Trapped After Two-Storey Building Collapse In Lagos](https://businesstodayng.com/occupants-feared-trapped-after-two-storey-building-collapse-in-lagos/) - BY ADEYEYE VICTOR—The Lagos State Fire and Rescue Service on Monday disclosed that a two-storey building has collapsed in the Oyingbo area of Lagos, leaving an undisclosed number of people feared trapped. The Director of the Lagos State Fire and Rescue Service, Margaret Adeseye, who made this disclosure through a statement issued on Monday, said - [Police Endorse Lagos Demolition Exercise, Label Area Criminal Hideout](https://businesstodayng.com/police-endorse-lagos-demolition-exercise-label-area-criminal-hideout/) - The Lagos State Commissioner of Police, Mr Olohundare Jimoh, on Monday defended the recent Oworonshoki demolition exercise carried out by the state government describing the affected areas as illegal structures and hideouts for criminals. “Those areas were being used by criminals to launch attacks on innocent Nigerians. “The government is justified in clearing them. Genuine - [Police Warn Sowore, Others Against Protests Over Lagos Demolitions](https://businesstodayng.com/police-warn-sowore-others-against-protests-over-lagos-demolitions/) - The Lagos State Commissioner of Police, Mr Olohundare Jimoh, on Monday warned activist, Omoyele Sowore, and others against mobilising protests over recent demolitions in the state. Jimoh, who handed down the warning while addressing newsmen in the Iyana-Oworo axis of the Third Mainland Bridge on Monday in Lagos, said that the command had made massive - [Tinubu’s Reforms Cut Public Debt To $94bn — NOA](https://businesstodayng.com/tinubus-reforms-cut-public-debt-to-94bn-noa/) - The National Orientation Agency on Monday disclosed that the country’s debt burden has “significantly decreased” since President Bola Tinubu assumed office in 2023, dismissing claims suggesting otherwise. Recall that Debt Management Office (DMO) said Nigeria’s total public debt stock has risen to “N152.40 trillion as of June 30, 2025.” According to the DMO, the figure - [Married Woman Narrates How She Was Raped By a Labourer While Returning From Church Fellowship](https://businesstodayng.com/married-women-narrates-how-she-was-raped-by-a-labourer-while-returning-from-church-fellowship/) - A married woman has narrated before an Akure Magistrate’s Court presided over by Chief Magistrate Taiwo Lebi how she was raped by a 30-year-old labourer, Karimu Jimoh Friday, while returning from a church fellowship at Isarun, in the Igbara-Oke area of Ondo State. The victim said she was attacked around 6:30 p.m. by the suspect, - [Police Deny Abduction of Students in Akwa Ibom, Clarify EFCC Raid](https://businesstodayng.com/police-deny-abduction-of-students-in-akwa-ibom-clarify-efcc-raid/) - The Akwa Ibom State Police Command has dismissed reports alleging that armed men raided a students’ lodge and abducted 15 students in Ikot Ekpene Local Government Area. Police spokesperson, DSP Timfon John, in a statement on Sunday, clarified that the operation reported as an abduction was, in fact, a sanctioned exercise by operatives of the - [Delta Police Arrest 20-year-old Herbalist, Brother Over Alleged killing Of Client, Motorcyclist](https://businesstodayng.com/delta-police-arrest-20-year-old-herbalist-brother-over-alleged-killing-of-client-motorcyclist/) - A 20-year-old herbalist, Amechi Okwuokenye, and his 26-year-old brother, Smart Okwuokenye, have been arrested by the operatives of the Delta State Police Command for allegedly kidnapping and killing two men in Owa-Alidima, Ika North East Local Government Area of the state. The Delta State Police Command Public Relations Officer SP Bright Edafe, who confirmed the - [NAPTIP Busts Benue Child Trafficking Ring, Rescues 26](https://businesstodayng.com/naptip-busts-benue-child-trafficking-ring-rescues-26/) - The National Agency for the Prohibition of Trafficking in Persons(NANTIP) on Sunday disclosed that it has uncovered a large-scale child trafficking and illegal adoption syndicate operating out of Benue State and the Federal Capital Territory, Abuja. The agency’s Chief Press Officer, Vincent Adekoye, who made this disclosure through a statement issued on Sunday, said the - [NECO Opens UK Exam Centre For Nigerians In Diaspora](https://businesstodayng.com/neco-opens-uk-exam-centre-for-nigerians-in-diaspora/) - As part of its global expansion drive to provide credible assessment opportunities for Nigerians in the diaspora, the National Examinations Council (NECO) has announced the establishment of a new examination centre in London, United Kingdom NECO’s Acting Director of Information and Public Relations, Azeez Sani made this disclosure through a statement in a issued on - [Kano Hisbah Stops Alleged Same-sex Wedding, Arrests 25](https://businesstodayng.com/kano-hisbah-stops-alleged-same-sex-wedding-arrests-25/) - The Kano State Hisbah Board has confirmed foiling an alleged same-sex wedding and arrested at least 25 persons in connection with the event. The Deputy Commander of Hisbah, Sheikh Mujahideen Aminuddeen, who confirmed the development , said the board operatives arrested the suspected groom, Abubakar Idris, along with 24 guests who attended the ceremony According - [Nigeria To Benefit From over $40trn Global Devt Partners, Humanitarian Organisations](https://businesstodayng.com/nigeria-to-benefit-from-over-40trn-global-devt-partners-humanitarian-organisations/) - The Institute of Negotiators, Community, and Social Development Experts (INCOS-DE) has disclosed that Nigeria is set to benefit from over ₦40 trillion set aside by the global development partners and humanitarian organizations especially for the developing nations for the Sustainable Development Goals, SDGs. Already, INCOS-DE has concluded induction and certification of executive experts and development - [Gombe Gov Mourns 13 Victims Of Kano Road Accident, Describes Crash As Heartbreaking, Monumental Loss](https://businesstodayng.com/gombe-gov-mourns-13-victims-of-kano-road-accident-describes-crash-as-heartbreaking-monumental-loss/) - The Gombe State Governor, Muhammadu Yahaya, on Sunday mourned death of 13 passengers on board Kano Line passenger bus that departed from Gombe and involved in tragic road accident which also leaving five others injured. It was gathered that the Kano Line passenger bus was involved in a fatal crash while en route to Kano, - [Reps Invite NAFDAC, Police, Others For illicit Drug Probe](https://businesstodayng.com/reps-invite-nafdac-police-others-for-illicit-drug-probe/) - The House of Representatives on Sunday announced that it has invited critical stakeholders including the National Agency for Food and Drug Administration and Control, Standard Organisation of Nigeria, Federal Ministries of Health and Federal Airports Authority of Nigeria to submit memoranda. The House also invited for the submission of input are “Pharmaceutical Manufacturers Group of - [Police Bust Baby Factory In Ondo, Rescue Five Pregnant Girls](https://businesstodayng.com/police-bust-baby-factory-in-ondo-rescue-five-pregnant-girls/) - Operatives of Ondo State Police Command have arrested Ada Clement for allegedly operating a baby factory in Ore, the headquarters of Odigbo Local Government Area of the state. The Command Public Relations Officer, Mr Olayinka Ayanlade, who made this disclosure through a statement issued on Sunday, also disclosed that the men of the command rescued - [Dangote Congratulates New Afreximbank President, Pledges Personal Support For His Leadership](https://businesstodayng.com/dangote-congratulates-new-afreximbank-president-pledges-personal-support-for-his-leadership/) - The President of the Dangote Group, Aliko Dangote on Saturday congratulated the new President and Chairman of the Board of Directors of the African Export-Import Bank, George Elombi, on his assumption of office as President of Afreximbank, praising his track record and pledging personal support for his leadership. Dangote, African richest billionaire, who stated this - [Dangote Refinery To Double Capacity To 1.4m BPD](https://businesstodayng.com/dangote-refinery-to-double-capacity-to-1-4m-bpd/) - The President of the Dangote Group, Aliko Dangote, on Sunday announced that Dangote Refinery is increasing its production from 650,000 barrels per day to 1.4 million barrels per day. Dangote, the African richest billionaire, added that when completed, the expansion will make the facility the largest refinery in the world, surpassing the Jamnagar Refinery in - [Afreximbank CEO Announces Dangote’s Plan To Raise $5bn For Refinery Expansion](https://businesstodayng.com/afreximbank-ceo-announces-dangotes-plan-to-raise-5bn-for-refinery-expansion/) - Africa’s richest man, Aliko Dangote, is seeking an additional $5bn to expand his refinery in Lagos. The new President and Chairman of the Board of Directors of the African Export-Import Bank, George Elombi, made this disclosure on Saturday while speaking during his inaugural address at Afreximbank’s investiture ceremony in Cairo, Egypt capital. Elombi said Dangote - [Our Men Not involve In the Attack Of Residents During Lagos Demolition –Police](https://businesstodayng.com/our-men-not-involve-in-the-attack-of-residents-during-lagos-demolition-police/) - The Lagos State Police Command on Sunday dismissed reports circulating on social media alleging that its officers attacked residents during a government-led demolition exercise in the Oworonshoki area of the state. The clarification follows reports claiming that gunfire and teargas were allegedly used by over 50 armed policemen to disperse those resisting the demolition in - [Nigeria recorded Over $50 billion Cryptocurrency Transactions In One Year - SEC DG](https://businesstodayng.com/nigeria-recorded-over-50-billion-cryptocurrency-transactions-in-one-year-sec-dg/) - GABRIEL ESEZOBOR—The Director-General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has disclosed that over $50 billion worth of cryptocurrency transactions flowed through Nigeria between July 2023 and June 2024, underscoring the sophistication and risk tolerance of investors that the traditional market has yet to capture. Agama in a lead paper titled Evaluating - [Drug Party Bust: NDLEA Nabs Lagos Socialite Pretty Mike, Seizes Cartons of Illicit Substances](https://businesstodayng.com/drug-party-bust-ndlea-nabs-lagos-socialite-pretty-mike-seizes-cartons-of-illicit-substances/) - BY NKECHI NAECHE-ESEZOBOR—Operatives of the National Drug Law Enforcement Agency (NDLEA) have arrested Lagos socialite and club owner, Mike Eze Nwalie Nwogu, popularly known as Pretty Mike, over an alleged drug party held at his Proxy Night Club. The agency confirmed on Sunday that its operatives raided the club in the early hours of October - [Hilal Takaful Wins Diamond Award for Putting Customers First](https://businesstodayng.com/hilal-takaful-wins-diamond-award-for-putting-customers-first/) - Hilal Takaful Nigeria Limited, a subsidiary of Cornerstone Insurance Plc, has been honoured with the Diamond Award for the Most Customer-Focused Takaful Insurance Company of the Year at the 14th Annual Africa Brand Awards, which took place in Lagos. This prestigious recognition celebrates the company’s consistent commitment to customer satisfaction, innovation, and excellence within its - [Kogi Government Empowers Livestock Workers with Motorcycles, Vet Equipment](https://businesstodayng.com/kogi-government-empowers-livestock-workers-with-motorcycles-vet-equipment/) - As parts of mobility support to enhance livestock extension and advisory service delivery at livestock value chain clusters in Kogi State, the state government, through Kogi State Livestock Productivity and Resilience Support Project (Kogi L-PRES) on Saturday distributed 21 motorcycles to Livestock Extension Agents across the 21 Local Government Areas of the state Kogi L-PRES - [Oramah Celebrates Afreximbank’s Decade of Growth as Assets Rise from $6bn to $44bn](https://businesstodayng.com/oramah-celebrates-afreximbanks-decade-of-growth-as-assets-rise-from-6bn-to-44bn/) - The outgoing President of the African Export-Import Bank, Prof. Benedict Oramah on Friday in Cairo, Egypt capital gave his score card, saying that the bank expanded its balance sheet and guarantees nearly eightfold during his decade-long leadership, growing from $6 billion in 2015 to almost $44 billion in 2025. According to Oramah, this achievement reflected - [PDP Names Eyitayo Jegede As Chairman Of 13-member Screening Panel For National Convention](https://businesstodayng.com/pdp-names-eyitayo-jegede-as-chairman-of-13-member-screening-panel-for-national-convention/) - Ahead of the Peoples Democratic Party(PDP) much-anticipated 2025 Elective National Convention, slated for November 15–16, 2025, in Ibadan, Oyo State, the party on Saturday announced a 13-member National Convention Screening Committee to vet aspirants for national offices . This was contained a statement issued on October 25, 2025, by the National Convention Organising Committee (NCOC) - [Late Gombe Commissioner’s Driver Succumbs To Accident Injuries, Dies in hospital; Police Mourns](https://businesstodayng.com/late-gombe-commissioners-driver-succumbs-to-accident-injuries-dies-in-hospital-police-mourns/) - The Gombe State Police Command on Saturday confirmed the death of the driver of the late Commissioner for Internal Security and Home Affairs, Col. Abdullahi Bello (retd). The Gombe State Police Command Public Relations Officer, DSP Buhari Abdullahi, in a condolence message issued on Saturday, expressed deep sorrow over the tragic loss, describing the deceased - [Katsina Gov Announces Approval ₦677.6m For Bursary, Special Needs Scholarships](https://businesstodayng.com/katsina-gov-announces-approval-₦677-6m-for-bursary-special-needs-scholarships/) - Katsina State Governor, Mallam Dikko Radda, on Saturday announced the the release of ₦677,572,815 for the payment of bursary allowances, academic excellence awards, and special needs scholarships to Katsina students studying in various tertiary institutions across Nigeria. The Chief Press Secretary to the governor, Ibrahim Mohamed, made this disclosure through a statement made available to - [Geregu Power Plant Commences Four-week Maintenance](https://businesstodayng.com/geregu-power-plant-commences-four-week-maintenance/) - The Niger Delta Power Holding Company (NDPHC) on Saturday announced the commencement of a four-week routine maintenance exercise at its 430-megawatt Geregu Power Plant in Kogi State. The company said similar maintenance schedules were being planned across its other facilities to ensure sustained delivery and equipment health. The Geregu plant, one of NDPHC’s key generation - [FG Pledges To Stabilise Jet A1 Supply, Prices](https://businesstodayng.com/fg-pledges-to-stabilise-jet-a1-supply-prices/) - Federal Government, through the Ministry of Aviation and Aerospace Development, has pledged its commitment to policies and partnerships that would ensure the availability, accessibility and affordability of aviation fuel. It also promised to focus on promoting dialogue between government, oil marketers and airline operators to create a fair and transparent fuel supply chain that supports - [NCAA Vows Stricter Measures Against Airlines Violating Financial Regulations](https://businesstodayng.com/ncaa-vows-stricter-measures-against-airlines-violating-financial-regulations/) - The Nigeria Civil Aviation Authority (NCAA) has vowed to introduce tougher enforcement measures to address the rising issue of poor financial compliance among airlines operating in the country. The Director-General of Civil Aviation (DGCA), Capt. Chris Najomo, made this known during the 2025 Civil Aviation Cost Recovery Optimisation Stakeholders Retreat held on Friday in Lagos. - [Court Stops Oworonsoki Demolition After Residents Deny Getting Compensation](https://businesstodayng.com/court-stops-oworonsoki-demolition-after-residents-deny-getting-compensation/) - A High Court of Lagos State sitting in Ikeja presided over by Justice Justice A.G. Balogun has issued an interim injunction restraining further demolition of properties located on Ojileru Street, Ososa Extension and Toluwalase Street, all within the Itesiwaju Ajumoni Community Development Area (CDA) of Oworonsoki, Lagos. The order, by justice Balogun directed the respondents, - [Police Arrest Four After Lover kills Boyfriend In Sokoto](https://businesstodayng.com/police-arrest-four-after-lover-kills-boyfriend-in-sokoto/) - Four suspects, including a young woman, have been arrested by the operatives of the Sokoto State Police Command for the gruesome murder of a man allegedly killed by his lover and her accomplices in Gidan Kacha village, Gada Local Government Area of the state. Police investigations revealed that the victim, Ali Salisu of Darnawa village, - [Customs Intercept ₦5.3b Worth Of Drugs Concealed In Imported Vehicles](https://businesstodayng.com/customs-intercept-₦5-3b-worth-of-drugs-concealed-in-imported-vehicles/) - Two containers laden with motor vehicles used to conceal illicit drugs worth ₦5.3 billion have been intercepted by the Nigeria Customs Service, Tin Can Island Port Command’ The Tin Can Island Port Command’s Public Relations Officer, CSC OE Ivara made this disclosure through a statement issued on Friday. Iyara said in the state that while - [FG Raises Health Insurance Enrollment To 20m, Targets 44m By 2030](https://businesstodayng.com/fg-raises-health-insurance-enrollment-to-20m-targets-44m-by-2030/) - The Federal Government, through the Federal Ministry of Health, on Saturday disclosed that it has raised healthcare insurance enrollment to cover about 20 million Nigerians, and is targeting to get 44 million citizens by 2030. Coordinating Minister of Health and Social Welfare, Muhammad Pate, who made this disclosure through his official x handle on Saturday - [Access Holdings Reports ₦2.5 Trillion Gross Earnings In H1 2025](https://businesstodayng.com/access-holdings-reports-₦2-5-trillion-gross-earnings-in-h1-2025/) - Access Holdings Plc(“the Group” or “the Company”) today announced its half-year audited financial results for the period ended June30, 2025. The Group’s financial results for the half year ended June30, 2025, reflect the resilience of our business model, the diversification of our revenue streams, and the steady progress to the execution of our five-year strategic - [Tinubu Welcomes Delisting Of Nigeria From FATF Grey List, says Nigeria Is Committed To Global Financial Transparency](https://businesstodayng.com/tinubu-welcomes-delisting-of-nigeria-from-fatf-grey-list-says-nigeria-is-committed-to-global-financial-transparency/) - President Bola Ahmed Tinubu GCFR has welcomed Nigeria's delisting from the Financial Action Task Force (FATF) grey list. The FATF announced the delisting at its Plenary in Paris, France, today. The FATF is the world’s foremost standard-setting body for combating money laundering, terrorist financing and proliferation financing. The announcement formally removed Nigeria from the list - [CITN’s Founding President, Olorunleke Is Dead](https://businesstodayng.com/citns-founding-president-olorunleke-is-dead/) - The Chartered Institute of Taxation of Nigeria, on Friday, confirmed the death of its founding President/Chairman of the Council, David Olorunleke. He was president of the association from 1985-1995 and affectionately referred to as the ‘Doyen of Taxation.’ The Registrar/Chief Executive of CITN, Afolake Oso, announced his death through a statement issued on Friday. Speaking - [Grey List Exit: FATF President Congratulates Nigeria, Praises Tinubu Administration For Political Will](https://businesstodayng.com/grey-list-exit-fatf-president-congratulates-nigeria-praises-tinubu-administration-for-political-will/) - President of the Financial Action Task Force (FATF), Elisa de Anda Madrazo, has congratulated Nigeria for being removed from the grey list. She said Nigeria has demonstrated strong political will and inter-agency collaboration in combating financial crimes over the last two years under President Bola Tinubu, since the country was placed on the grey list. - [SDP State Chairmen Back Expulsion Of national Chairman, Gabam, Others](https://businesstodayng.com/sdp-state-chairmen-back-expulsion-of-national-chairman-gabam-others/) - State Chairmen of the Social Democratic Party (SDP) on Friday gave their approval for the expulsion of the National Chairman, Alhaji Shehu Musa Gabam, and two other members of the National Working Committee (NWC) over alleged grave allegations of gross financial misconduct, embezzlement, misappropriation, and diversion of party funds. The Chairman of the forum, who - [EU To Nigerian Researchers: You Are Now Eligible For Our €100bn Research Funding](https://businesstodayng.com/eu-to-nigerian-researchers-you-are-now-eligible-for-our-e100bn-research-funding/) - The European Union (EU) delegation to Nigeria on Friday announced that Nigerian researchers are now eligible to partake in the EU research flagship titled “Horizon Europe initiative”, which is worth over €100bn in research grants EU which made this disclosure through a statement released in Abuja on Friday, said the initiative is a new chapter - [FATF Removes Nigeria From Global Financial Watch list](https://businesstodayng.com/fatf-removes-nigeria-from-global-financial-watch-list/) - The is indeed good news for Nigeria as the Financial Action Task Force on Friday officially removed her from its list of jurisdictions under increased monitoring, also known as the grey list. It was gathered that decision was taken at the FATF October 2025 Plenary in Paris, France, following the country’s successful implementation of a - [Major Military Overhaul as Tinubu Appoints Fresh Service Chiefs, Replaces Musa with Oluyede](https://businesstodayng.com/major-military-overhaul-as-tinubu-appoints-fresh-service-chiefs-replaces-musa-with-oluyede/) - President Bola Tinubu on Friday approved a major shake-up in Nigeria’s military high command. Under the new appointments, General Olufemi Oluyede becomes Chief of Defence Staff, replacing General Christopher Musa. Major General Waidi Shaibu takes over as Chief of Army Staff, Air Vice Marshal Sunday Kelvin Aneke becomes Chief of Air Staff, and Rear Admiral - [LASTMA Arrests Six Suspected ‘One-Chance’ Robbers, Recovers 77 Stolen Phones, Others Under Bridge](https://businesstodayng.com/lastma-arrests-six-suspected-one-chance-robbers-recovers-77-stolen-phones-others-under-bridge/) - At least six suspected members of a notorious “one-chance” syndicate operating beneath the Ijora Bridge corridor of Lagos were arrested on Thursday by the officials of the Lagos State Traffic Management Authority (LASTMA). The arrest, it was gathered, were made during a joint inter-agency enforcement exercise targeted at dismantling illegal garages and parks operated by - [Troops Arrest 86 Terrorists, Collaborators, Oil Thieves Nationwide](https://businesstodayng.com/troops-arrest-86-terrorists-collaborators-oil-thieves-nationwide/) - The Nigeria troops across Nigeria have killed scores of terrorists, arrested 86 criminals—including terrorists, collaborators, and oil thieves—and rescued 26 kidnapped victims in the past week. Troops also foiled oil theft worth over N13.4 million, seizing 12,350 litres of crude oil, 840 litres of AGO, and 1,350 litres of DPK, while dismantling two illegal oil - [WHO Hails Africa’s Remarkable Progress Towards Eradicating Polio, Says the continent Nears Polio-free Status](https://businesstodayng.com/who-hails-africas-remarkable-progress-towards-eradicating-polio-says-the-continent-nears-polio-free-status/) - The World Health Organisation, WHO, on Friday hailed Africa’s remarkable progress towards eradicating the crippling disease, describing it as a milestone driven by digital innovation, regional collaboration, and stronger health systems. WHO Regional Director for Africa, Dr. Mohamed Janabi, in his message to commemorate the 2025 World Polio Day, said this year’s theme, “End Polio: - [Lagos Commences Payment To Oworonshoki Residents Whose illegal Houses Were Demolished](https://businesstodayng.com/lagos-commences-payment-to-oworonshoki-residents-whose-illegal-houses-were-demolished/) - In fulfillment of its earlier promise to those impacted by the ongoing urban renewal and regeneration programme in Oworonsoki in Kosofe Local Government Area of Lagos State, as the State Government kick-started the payment of compensation to the residents of the area. The exercise, which commenced on Thursday, October 23, 2025, was described as a - [Governors Forum Back Bill On Reserved Seats For Women](https://businesstodayng.com/governors-forum-back-bill-on-reserved-seats-for-women/) - This is indeed good news for Nigerian women in politics as the Nigerian Governors Forum (NGF) on Friday pledged its full support for the bill seeking reserved seats for them in Nigeria’s legislature. According to a statement issued at the end of their meeting in the early hours of Friday, the governors called on members - [N’Assembly Commences Reviews Of Proposals For 55 New States, 278 Councils](https://businesstodayng.com/nassembly-commences-reviews-of-proposals-for-55-new-states-278-councils/) - The National Assembly on Friday commenced deliberations on far-reaching constitutional amendments that could see the creation of 55 new states and 278 additional local government areas across the country. Deputy President of the Senate, Senator Barau I. Jibrin, made this disclosure while speaking at the opening of a two-day joint retreat of the Senate and - [Convention: PDP Fixes Date For Screening Of Aspirants](https://businesstodayng.com/convention-pdp-fixes-date-for-screening-of-aspirants/) - The Peoples Democratic Party (PDP) on Friday announced that the screening of all aspirants contesting for various national offices in the 2025 PDP Elective National Convention will start on Tuesday, 28 Oct, 2025. The national convention is slated for November. 15 and November 16 in Ibadan, Oyo State capital Adamawa State Governor, Ahmadu Fintiri , - [Nnamdi Kanu To Court: My Witnesses Are Coming From Ethiopia, Kenya, Others](https://businesstodayng.com/nnamdi-kanu-to-court-my-witnesses-are-coming-from-ethiopia-kenya-others/) - The embattled leader of the proscribed Indigenous People of Biafra (IPOB), Nnamdi Kanu, on Friday at the Federal High Court in Abuja presided over by Justice James Omotosho, said that his witnesses will be coming from all parts of the world, including Ethiopia, Kenya and the United States (U.S.). Kanu, who opted to defend himself - [Jonathan Is Yet To Inform Me Of His Plan To Run For President In 2027- Wike](https://businesstodayng.com/jonathan-is-yet-to-inform-me-of-his-plan-to-run-for-president-in-2027-wike/) - The Minister of the Federal Capital Territory (FCT), Nyesom Wike, on Friday disclosed that former President Goodluck Jonathan has yet to inform him of any plan to contest the 2027 presidential election. Wike made disclosure during a media parley with newsmen in Abuja on Friday, while responding to questions about speculations that Jonathan was being - [SON Destroys N25m Of Expired, Substandard Products In Kaduna](https://businesstodayng.com/son-destroys-n25m-of-expired-substandard-products-in-kaduna/) - As parts of measures to protect public health and promote product quality, the Standard Organisation of Nigeria(SON) on Friday, destroyed 230 bags of expired sugar and other substandard consumables worth about N25 million in Kaduna. It was gathered that the destroyed items included soft drinks, milk, tomato pastes, and insecticides, among others. The Deputy Director, - [Niger Govt. Gifts N1m Each to Deceased Families, N500,000 Each To Survivors Of Tanker Explosion Victims](https://businesstodayng.com/niger-govt-gifts-n1m-each-to-deceased-families-n500000-each-to-survivors-of-tanker-explosion-victims/) - Relieve came the ways of families of the deceased victims and survivors of the recent tanker explosion in Essa, Katcha Local Government Area of Niger State on Thursday as the state Governor, Mohammed Bago, announced a donation of ₦1 million to each family of the deceased victims and ₦500,000 to each of the injured survivors. - [Ondo Accident: Ondo Govt Commences Investigation, Promises Justice, Crackdown On Truck Owner](https://businesstodayng.com/ondo-accident-ondo-govt-commences-investigation-promises-justice-crackdown-on-truck-owner/) - Ondo State Government, through the office of the State Attorney General, has announced the commencement of investigations into the ownership of the truck involved in a tragic accident that claimed many lives in the state. Recall that accident t occurred in the Akungba-Akoko area of the state on Wednesday claimed the lives of 10 people, - [Interpol Confirms Arrest Of 11 ‘High-Level’ Terrorist Suspects In Nigeria](https://businesstodayng.com/interpol-confirms-arrest-of-11-high-level-terrorist-suspects-in-nigeria/) - As parts of Operation Catalyst, a landmark operation targeting terrorism financing and related criminal activities across six African countries, the International Criminal Police Organisation (INTERPOL) has confirmed that 11 high-level members of terrorist groups have been arrested in Nigeria. According to INTERPOL, the three-month operation, conducted between July and September 2025, led to 83 arrests - [NSCDC Nabs Four Notorious Burglars In Kano](https://businesstodayng.com/nscdc-nabs-four-notorious-burglars-in-kano/) - Four notorious suspected vandals and burglars who specialised in burgling houses have been arrested by the operatives of the Nigeria Security and Civil Defence Corps(NSCDC) Kano State Command. The state NCSDC Public Relations Officer, Ibrahim Abdullahi, who confirmed the arrest of the suspects through a statement issued on Friday, said the suspects were apprehended in - [Abiodun To Ogun Traditional Rulers: Lead With Dignity](https://businesstodayng.com/abiodun-to-ogun-traditional-rulers-lead-with-dignity/) - Traditional rulers in Ogun State have been charged to lead with humility, uphold integrity, and show deeper commitment to promoting good governance at the grassroots while balancing tradition with modernity. Ogun State Governor, Dapo Abiodun, made the charge in Abeokuta, the state capital, during an orientation workshop organised for 72 newly installed royal fathers in - [Court Grants Sowore, Nnamdi Kanu’s Lawyer, 11 Others Bail](https://businesstodayng.com/court-grants-sowore-nnamdi-kanus-lawyer-11-others-bail/) - The Magistrate’s Court in Kuje, on Friday granted bail to publisher and activist Omoyele Sowore; Aloy Ejimakor, a member of the legal team representing the detained leader of the Indigenous People of Biafra (IPOB), Nnamdi Kanu; the IPOB leader’s brother, Prince Emmanuel Kanu; and ten others, in the sum of ₦500,000, with two sureties in - [Immigration Service Sacks 10 Officers, Sanctions 21 Over Misconduct](https://businesstodayng.com/immigration-service-sacks-10-officers-sanctions-21-over-misconduct/) - The Civil Defence, Correctional, Fire and Immigration Services Board (CDCFIB), on Friday approved disciplinary actions against 31 officers of the Nigeria Immigration Service (NIS) for various acts of misconduct. The Service Public Relations Officer, Assistant Comptroller of Immigration (ACI), Akinsola Akinlabi, who made this disclosure through a statement issued on Friday in Abuja, said that - [Universal Insurance Defies Economic Headwinds, Delivers 291.26% Profit Surge In 2024](https://businesstodayng.com/universal-insurance-defies-economic-headwinds-delivers-291-26-profit-surge-in-in-2024/) - BY MICHEAL GABRIEL—-Despite the harsh economic business environment, Universal Insurance Plc once again delivered a solid financial result for the financial year ended 31st December 2024. Jasper Nduagwuike, Chairman of the company disclosed this during the company’s 55th Annual General Meeting (AGM), held yesterday in Lagos, that the company’s gross written premium rose by 64.5% - [Dangote Group Denies Ownership Of Truck In Akungba-Akoko Accident](https://businesstodayng.com/dangote-group-denies-ownership-of-truck-in-akungba-akoko-accident/) - Dangote Group has refuted reports circulating on social media and on some online platforms linking it to a truck involved in a road accident in Akungba-Akoko, Akoko South-West Local Government Area of Ondo State. The clarification comes after reports surfaced on Wednesday, that three persons lost their lives in a road crash in the university - [Tinubu Congratulates Mshelbila, Ekpo On Top GECF Appointments](https://businesstodayng.com/tinubu-congratulates-mshelbila-ekpo-on-top-gecf-appointments/) - President Bola Ahmed Tinubu has congratulated Dr Philip Mshelbila, Managing Director of Nigeria LNG Limited, on his election as Secretary-General of the Gas Exporting Countries Forum (GECF) at the 27th Ministerial Meeting in Doha, Qatar. Bayo Onanuga, special adviser to the President on Information and Strategy, said the President also congratulated Ekperikpe Ekpo, the minister - [Fuel subsidy: States, LGs, FG sharing over N2trn monthly because of Tinubu’s bold leadership – Wike](https://businesstodayng.com/fuel-subsidy-states-lgs-fg-sharing-over-n2trn-monthly-because-of-tinubus-bold-leadership-wike/) - The Minister of the Federal Capital Territory, FCT, Nyesom Wike,, has said President Bola Tinubu took a bold decision in removing the fuel subsidy. Wike noted that, despite initial public outcry over the decision, conditions have begun to stabilise. He made the remarks while delivering the keynote address at the 2025 Innovate Africa Conference in - [Defence Minister Receives 15 Top PDP Members Into Zamfara APC](https://businesstodayng.com/defence-minister-receives-15-top-pdp-members-into-zamfara-apc/) - Zamfara State chapter of the All Progressive Congress (APC) on Thursday announced that the Minister of State for Defence, Bello Mohammed Matawalle received fifteen top members of the Peoples Democratic Party (PDP) from the state who have defected to the party. The spokesperson of the APC in Zamfara State, Malam Yusuf Idris Gusau, who made - [New INEC Chairman Resumes Office At INEC Headquarters](https://businesstodayng.com/new-inec-chairman-resumes-office-at-inec-headquarters/) - Professor Joash Amupitan, the newly sworn-in Chairman of the Independent National Electoral Commission (INEC), on Thursday arrived at the commission’s headquarters in Abuja to formally assume office. He was ushered in to the INEC headquarters by members of his family and close friends. A week after the Senate confirmed his appointment following a rigorous screening - [House of Reps Proposes 20% Limit on Rent Increases](https://businesstodayng.com/house-of-reps-proposes-20-limit-on-rent-increases/) - Following the arbitrary rent increases in Nigeria, the House of Representatives on Thursday called for no more than 20 per cent of the existing rent, irrespective of infrastructure improvements or other factors. This followed a motion by the member representing Calabar Municipality/Odukpani Federal Constituency, Bassey Akiba, on the Need to Regulate Arbitrary Rent Increase and - [Troops Neutralise Terrorists, Recover 38 AK-47s](https://businesstodayng.com/troops-neutralise-terrorists-recover-38-ak-47s/) - The Nigerian Army on Thursdaydisclosed that troops of Operation HADIN KAI (OPHK) have defeated terrorist attacks on multiple locations across the joint operations area in Borno and Yobe states. The Nigerian Army, which made this disclosure through a statement issued on Thursday by the Media Information Officer, Joint Task Force North East Operation HADIN KAI, - [Why We Arrested Sowore In court — Police](https://businesstodayng.com/why-we-arrested-sowore-in-court-police/) - The Nigeria Police Force (NPF) on Thursday gave reason why activist and politician, Omoyele Sowore , saying it was to ensure fairness in the prosecution of those involved in Monday’s protest in Abuja. Recall that Sowore was arrested on Thursday at the Federal High Court in Abuja, shortly after he appeared in solidarity with the - [Court Fixes Date For Kanu’s Trial After Lawyers’ Withdrawal](https://businesstodayng.com/court-fixes-date-for-kanus-trial-after-lawyers-withdrawal/) - The plan by the detained leader of the Indigenous People of Biafra (IPOB), Nnamdi Kanu, to enter his defence in his ongoing trial at the Federal High Court in Abuja, presided over by Justice James Omotosho did not go as planned. This was after Kanu’s lead counsel, Former Attorney General of the Federation, Kanu Agabi - [Tinubu Swears In Amupitan As New INEC Chairman](https://businesstodayng.com/tinubu-swears-in-amupitan-as-new-inec-chairman/) - President Bola Tinubu on Thursday sworn in Professor Joash Amupitan, SAN, as the new Chairman of the Independent National Electoral Commission(INEC). Amupitan’s swearing in by the President comes a week after the Senate confirmed his appointment as INEC Chairman following a rigorous screening session on October 16. Amupitan took the oath of office at 1:50 - [NNPCL Revenue Drops To N4.2trn As Oil Production Drag To September](https://businesstodayng.com/nnpcl-revenue-drops-to-n4-2trn-as-oil-production-drag-to-september/) - …as profit after tax drops by 40% The Nigerian National Petroleum Company Limited (NNPCL) has announced a total revenue of N4.26 trillion in September, this represents a decline from N4.654 trillion recorded in August 2025. According to the Company’s monthly financial report published on Tuesday, the profit after tax stood at N216 billion, which is - [Ohanaeze Ndigbo Lagos Backs Tinubu Candidature For Second Term](https://businesstodayng.com/ohanaeze-ndigbo-lagos-backs-tinubu-candidature-for-second-term/) - The Lagos State Chapter of Ohanaeze Ndigbo has backed Tinubu candidature for second term, saying he has chances of winning in the 2027 general elections. President General of Ohanaeze Ndigbo in Lagos Chief Sunday Udeh, who stated this while speaking during a reconciliation parley organised by Dr Abdul-Azeez Olajide Adediran, popularly known as Jandor, said - [Tinubu Approves N250,000 Grant For MSMEs In Katsina State](https://businesstodayng.com/tinubu-approves-n250000-grant-for-msmes-in-katsina-state/) - President Bola Ahmed Tinubu on Tuesday announced the approval of N250,000 grant for each outstanding Micro, Small, and Medium Enterprise (MSME) exhibiting at the 9th Expanded National MSME Clinic in Katsina State, in addition to the Federal Government’s N2.5 billion intervention in MSMEs across the state. President Tinubu made the announcement through Vice President Kashim - [Reps Call For Probe Of Over $4.6bn International Health Grants To Nigeria](https://businesstodayng.com/reps-call-for-probe-of-over-4-6bn-international-health-grants-to-nigeria/) - The House of Representatives on Tuesday called for a probe into the management of over $4.6bn in international health grants provided to the country provided to Nigeria between 2021 and 2025 by the Global Fund and the United States Agency for International Development by the Global Fund and the United States Agency for International Development. - [LASTMA Records 1,667 Accidents, 87 Fatalities In Nine Months](https://businesstodayng.com/lastma-records-1667-accidents-87-fatalities-in-nine-months/) - The Lagos State Traffic Management Authority (LASTMA) on Tuesday disclosed that it recorded a total of 1,667 road traffic accidents between January and September. The General Manager of LASTMA, Mr Olalekan Bakare-Oki, made this disclosure at the LASTMA Ember Months Stakeholders Forum held in Lagos on Tuesday. The forum had as a theme, ”Safe Roads, - [Joy Ogah Becomes Nigeria’s Vice President For A Day](https://businesstodayng.com/joy-ogah-becomes-nigerias-vice-president-for-a-day/) - In what is seen as a demonstration of support for girl-child education and an act of empowerment, the Vice President Kashim Shettima on Monday invited teenager Joy Ogah to assume the role of Vice President for a day, symbolically addressing the nation on issues affecting Nigerian girls. The event took place when Vice President Kashim - [Troops Foil Crimes Nationwide, Arrest 88 Suspects and Recover Deadly Arms](https://businesstodayng.com/troops-foil-crimes-nationwide-arrest-88-suspects-and-recover-deadly-arms/) - Following its nationwide operations against terrorists, bandits, and other criminal groups, Nigerian Army troops have recorded major breakthroughs by arresting at least 88 suspects, recovered of deadly weapons, and rescued several kidnapped victims. Security expert, Security expert, Zagazola Makama, who made this disclosure on his official x handle on Tuesday, said the coordinated operations, conducted - [Tinubu Nominates Bernard Doro As Minister](https://businesstodayng.com/tinubu-nominates-bernard-doro-as-minister/) - President Bola Tinubu on Tuesday nominated Dr Bernard Doro from Plateau State as a Minister of the Federal Republic of Nigeria, forwarding his name to the Senate for confirmation. Doro’s nomination comes after the elevation of Prof. Nentawe Goshwe Yilwatda, the former Minister of Humanitarian Affairs and Poverty Reduction, who was elected National Chairman of - [Hunter Allegedly kills Woman He Mistook For a Monkey In Forest](https://businesstodayng.com/hunter-allegedly-kills-woman-he-mistook-for-a-monkey-in-forest/) - Operatives of the Cross River State Police Command have arrested a hunter in Boki Local Government Area of the state for allegedly shooting and killing a woman he mistook for a monkey while hunting in a forest. Securty expert, Zagazola Makama, who made this disclosure on his official x handle on Tuesday, said the sad - [Supreme Court Reserves Judgment On Rivers Emergency Rule](https://businesstodayng.com/supreme-court-reserves-judgment-on-rivers-emergency-rule/) - The Supreme Court on Tuesday reserved judgment in a suit challenging the declaration of a state of emergency in Rivers State by President Bola Tinubu in March. Justice Inyang Okoro, who heads the seven-man panel, adjourned after parties in the suit adopted their processes on Tuesday. The plaintiffs in the suit are the Attorney General - [Senate Tells FG Review Pay Of Soldiers](https://businesstodayng.com/senate-tells-fg-review-pay-of-soldiers/) - The Senate on Tuesday called on the Federal Government to consider as a matter of urgency the reviewing upward of the minimum wage and salary structure of the men and women of the Nigerian Armed Forces in line with current realities, saying they deserved better compensation. Former Senate Chief Whip, Senator Ali Ndume, raised the - [Court Fixes Date For Natasha’s Cybercrime Trial](https://businesstodayng.com/court-fixes-date-for-natashas-cybercrime-trial/) - The Federal High Court in Abuja presided over by Justice Umar on Tuesday rescheduled the cybercrime trial of the Senator representing Kogi Central Senatorial District, Natasha Akpoti-Uduaghan, to November 24. The new hearing date was fixed on October 21, following the resumption of court activities that were stalled the previous day due to the #FreeNnamdiKanu - [Access Holdings Promotes Breast Cancer Awareness, Encourages Early Detection](https://businesstodayng.com/access-holdings-promotes-breast-cancer-awareness-encourages-early-detection/) - Breast cancer remains the leading cause of cancer-related deaths among women globally. Yet, with early detection, timely care, and consistent awareness, thousands of lives can be saved every year. In recognition of this, Access Holdings Plc is holding the Access Walk Against Cancer, a groupwide initiative aimed at spotlighting breast cancer awareness and encouraging proactive - [Nigeria’s Imports 613.6m litres Of Petrol In One Year](https://businesstodayng.com/nigerias-imports-613-6m-litres-of-petrol-in-one-year/) - The latest data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has revealed that Nigerians consumed a total of 613.62 million litres of Premium Motor Spirit, popularly known as petrol, for transportation, power generation, and other domestic uses between October 2024 and October 10, 2025 According to the data, despite the increase in - [Sanae Takaichi, Makes History, Becomes Japan First-ever Woman PM](https://businesstodayng.com/sanae-takaichi-makes-history-becomes-japan-first-ever-woman-pm/) - Sanae Takaichi, 64, on Tuesday made history as she became first woman prime minister after a China hawk and social conservative, forged an 11th-hour coalition deal. The lower house of parliament appointed Takaichi, an admirer of Margaret Thatcher, as prime minister on Tuesday, after she unexpectedly won a slim majority in a first round of - [Nigerian Mother Charged After 9-Year-Old Daughter Dies In Hot Car](https://businesstodayng.com/nigerian-mother-charged-after-9-year-old-daughter-dies-in-hot-car/) - Police operatives in Texas have arrested a 36-year-old Nigerian woman, Gbemisola Akayinode, has been arrested and charged with felony murder after her 9-year-old daughter, Oluwasikemi, died of hyperthermia after being left inside a car for several hours in sweltering heat . The Harris County Sheriff, Ed Gonzalez, confirmed the arrest in a post on X - [Lagos Govt Seals Church, Others Over Noise, Air Pollution](https://businesstodayng.com/lagos-govt-seals-church-others-over-noise-air-pollution/) - The Lagos State Environmental Protection Agency (LASEPA) on Monday sealed several establishments in the Ifako-Ijaiye and Igando areas over repeated cases of noise and air pollution. Among the sealed premises were the Cherubim and Seraphim (King of Kings) Church in Georgius Cole Estate, Ifako-Ijaiye; a fufu-making shop for heat and air pollution; and Tyonex Nigeria - [Three Suspected Drug Peddlers In Jigawa Police Net](https://businesstodayng.com/three-suspected-drug-peddlers-in-jigawa-police-net/) - Operatives of the Jigawa State Police Command have arrested three suspects for alleged drug peddling in the state. The Jigawa State Police Command Public Relations Officer, SP Shiisu Lawan, who confirmed the development through a statement issued on Tuesday in Dutse, the state capital, said operatives of the command apprehended the suspects on October 18, - [NELFUND Announces Opening Of Student Loan Portal For 2025/2026 Academic Session](https://businesstodayng.com/nelfund-announces-opening-of-student-loan-portal-for-2025-2026-academic-session/) - The Nigerian Education Loan Fund (NELFUND) on Monday announced the official opening of its student loan application portal for the 2025/2026 academic session, providing access to financial support for students across tertiary institutions in the country. NELFUND’s Director of Strategic Communications, Oseyemi Oluwatuyi, who made this disclosure through a statement issued on Tuesday, said the - [Stanbic IBTC Unveils New Pension Options for Nigerians Earning In Naira and Foreign Currency](https://businesstodayng.com/stanbic-ibtc-unveils-new-pension-options-for-nigerians-earning-in-naira-and-foreign-currency/) - Stanbic IBTC Pension Managers Limited, a subsidiary of Stanbic IBTC Holdings PLC, has reaffirmed its support for the National Pension Commission’s (PenCom) recent reforms aimed at enhancing flexibility, inclusion, and global access within Nigeria’s pension system. The new regulatory guidelines introduce two distinct pension options, the Personal Pension Plan (PPP) and Foreign Currency (FCY) Pension - [FG To Create 20,000 Jobs Annually As Shettima Flags off NJFP 2.0, Policy Dialogue](https://businesstodayng.com/fg-to-create-20000-jobs-annually-as-shettima-flags-off-njfp-2-0-policy-dialogue/) - The Vice President, Senator Kashim Shettima, on Monday, disclosed that federal government is targeting the creation of at least 20,000 jobs annually through the launch of the second phase of the Nigeria Jubilee Fellows Programme (NJFP) aimed at connecting high-potential graduates with real-world work experience, training, and mentorship. The NJFP, a flagship initiative of the - [21 Die, 144 Injure In Anambra Road Accidents In Eight Months](https://businesstodayng.com/21-die-144-injure-in-anambra-road-accidents-in-eight-months/) - The Sector Commander, Federal Road Safety Corps (FRSC) in Anambra State, Bridget Asekhauno, on Monday disclosed at leasst 21 persons lost their lives while 144 were injured in road crashes that occurred across the state between January and October, 2025. Asekhauno, who disclosed this on Monday during a press conference to flag off the 2025 - [Senate Mourns Fallen Soldiers in Borno Clash, Commiserates With Army Chief](https://businesstodayng.com/senate-mourns-fallen-soldiers-in-borno-clash-commiserates-with-army-chief/) - The Senate Committee on Army on Monday condoled with the Chief of Army Staff, Lieutenant General Olufemi Oluyede, over the tragic death of Lieutenant Colonel Aliyu Paiko and other soldiers in Borno State. The Committee’s Chairman, Senator Abdulaziz Musa Yar’adua, who stated this through a statement signed and issued on Monday, described the fallen soldiers - [Amnesty International Condemns Disruption Of #ReleaseNnamdiKanuNow Protest](https://businesstodayng.com/amnesty-international-condemns-disruption-of-releasennamdikanunow-protest/) - Amnesty International Nigeria on Monday condemned the reports of security forces attempting to suppress peaceful demonstrations in Abuja, where protesters are demanding the release the leader of the Indigenous People of Biafra(IPOB), Nnamdi Kanu. Recall that police officers on Monday fired tear gas canisters to disperse protesters around the Maitama area, forcing them to regroup - [NLC Gives FG Four Weeks To Conclude Negotiations With ASUU](https://businesstodayng.com/nlc-gives-fg-four-weeks-to-conclude-negotiations-with-asuu/) - The Nigeria Labour Congress (NLC) on Monday resolved to issue a four-week ultimatum to the Federal Government should it fail to conclude negotiations with all tertiary institutions-based unions. The union also condemned the no-work-no-pay policy introduced by the government as a form of sanction to members of the Academic Staff Union of Universities for daring - [EFCC Secures 700 Convictions, Recovers Over ₦500b Worth Of Assets In Two Years — Shettima](https://businesstodayng.com/efcc-secures-700-convictions-recovers-over-₦500b-worth-of-assets-in-two-years-shettima/) - The Economic and Financial Crimes Commission (EFCC) has recovered assets worth over ₦500 billion and secured conviction of 700 people in the last two years Vice President Kashim Shettima made this disclosure on Monday while declaring open the 7th edition of a 3-day capacity building workshop for judges and justices organised by the EFCC and - [Jigawa LG Immunises 250,750 children](https://businesstodayng.com/jigawa-lg-immunises-250750-children/) - The Kaugama Local Government Area of Jigawa State on Monday announced that it has immunized at least 250,750 children against Human Papiloma Virus, Polio, Measles rubella and other tropical diseases. The Immunisation Officer in the area, Muhammad Tasiu, who announced the development during an interview with newsmen on Monday, said the council area successfully immunised - [Police Disperse #ReleaseNnamdiKanuNow Protesters After Regrouping In Abuja](https://businesstodayng.com/police-disperse-releasennamdikanunow-protesters-after-regrouping-in-abuja/) - Operatives of Federal Capital Territory Police Command on Monday dispersed protesters demanding the release of the detained leader of the Indigenous People of Biafra , Nnamdi Kanu, at the Utako area of Abuja. The demonstrators, made up of civil rights activists and members of pro-democracy groups, were part of the #ReleaseNnamdiKanuNow campaign aimed at pressuring - [ADC Suspends South-South Vice Chairman Over Alleged Anti-party, Insubordination](https://businesstodayng.com/adc-suspends-south-south-vice-chairman-over-alleged-anti-party-insubordination/) - The African Democratic Congress(ADC) on Monday announced the suspension its National Vice Chairman (South-South), Dr. Usani Usani, over what it described as actions capable of undermining the unity and progress of the party. According to the ADC, the suspension, which takes immediate effect, followed deliberations at a meeting of the State Working Committee of the - [Terrorists kill Commanding Officer, Other Soldiers In Borno Community Clash](https://businesstodayng.com/terrorists-kill-commanding-officer-other-soldiers-in-borno-community-clash/) - The Nigerian Army on Monday confirmed that Boko Haram terrorists have killed the Commanding Officer of the 202 Tank Battalion, Lt. Col. Aliyu Paiko, along with several soldiers, during an attack in the Kashimri area of Bama Local Government Area, Borno State. The Acting Director of Army Public Relations, Maj. Appolonia Anele, who confirmed the - [Professionalism, Ethical Conduct, Non Negotiable - SEC tells Stockbrokers](https://businesstodayng.com/professionalism-ethical-conduct-non-negotiable-sec-tells-stockbrokers/) - The Securities and Exchange Commisison has urged stockbrokers to uphold the highest level of professionalism and ethical conduct at all times in a bid to ensure a fair and transparent market. Director General of the SEC, Dr. Emomotimi Agama who stated this weekend during the 29th annual conference of the Chartered Institute of Stockbrokers in - [Ethiopian Airlines Pays Fine For Consumer Protection Breaches](https://businesstodayng.com/ethiopian-airlines-pays-fine-for-consumer-protection-breaches/) - The Nigerian Civil Aviation Authority, (NCAA), on Monday confirmed that Ethiopian Airlines has settled penalties related to breaches of consumer protection rules, following complaints over passenger service standards. Michael Achimugu, Director of Public Affairs & Consumer Protection at the NCAA, disclosed this via its official X Account formerly called twitter, that with the payment, all - [FG Terminates Port Harcourt–Aba Road Contract Handle By Chinese Construction Firm Over Poor Performance](https://businesstodayng.com/fg-terminates-port-harcourt-aba-road-contract-handle-by-chinese-construction-firm-over-poor-performance/) - The Federal Government, through the Federal Ministry of Works, on Sunday announced the termination of the 43-kilometre Port-Harcourt-Aba-bound road contract being handled by China Civil Engineering Construction Corporation over poor performance. According to government, the termination of the contract came as a result of the failure of the contractor to improve its works despite repeated - [63-year-old Man In Niger Police Net For Allegedly Stealing Motorcycle](https://businesstodayng.com/63-year-old-man-in-niger-police-net-for-allegedly-stealing-motorcycle/) - Operatives of the Niger State Police Command have arrested 63-year-old man, Mohammed Sani, while attempting to steal a motorcycle, popularly known as Bajaj, in the state. The Niger State Police Command Public Relations Officer Wasiu Abiodun, who confirmed the arrest in a crime bulletin on Sunday, said incident occurred last Sunday at Tungan-Kawo village in - [NDLEA Foils Drug Smuggling Attempts to US, UK in Frozen Snails, Electrical Bulbs](https://businesstodayng.com/ndlea-foils-drug-smuggling-attempts-to-us-uk-in-frozen-snails-electrical-bulbs/) - BY NKECHI NAECHE-ESEZOBOR—From frozen snails to car tyres, the National Drug Law Enforcement Agency (NDLEA), latest crackdown exposed creative smuggling methods as officers seized tons of drugs, arrested traffickers, and destroyed over 70,000kg of skunk across several states. According to NDLEA the drug was also concealed electrical bulbs, female clothes and heading to the United - [Nigeria Set for Vaccine Production as NAFDAC Achieves Global Benchmarking Milestone](https://businesstodayng.com/nigeria-set-for-vaccine-production-as-nafdac-achieves-global-benchmarking-milestone/) - The Director General of the National Agency for Food and Drug Administration and Control, NAFDAC, Prof. Mojisola Adeyeye, has charged manufacturers of pharmaceutical products in the country to take the necessary investment decisions that will facilitate the production of human vaccines in Nigeria. She warned that Nigeria should not wait for another pandemic before it - [Wike Dismisses 2027 Presidential Ambition Rumour, Backs Tinubu Till 2031](https://businesstodayng.com/wike-dismisses-2027-presidential-ambition-rumour-backs-tinubu-till-2031/) - The Minister of the Federal Capital Territory(FCT), Nyesom Wike, on Saturday dismissed the rumours making the rounds that some leaders of the Peoples Democratic Party (PDP) are mounting pressure on him to contest the 2027 presidential election, just as he also said he backed President Bola Tinubu candidature till 2031. Wike, who stated through a - [Troops Rescue Four Chinese Nationals, 17 Others kidnap Victims](https://businesstodayng.com/troops-rescue-four-chinese-nationals-17-others-kidnap-victims/) - During coordinated operations across Kwara and Kogi States, troops of the Nigerian Army have rescued 21 kidnapped victims, including four Chinese nationals. The Acting Deputy Director, Army Public Relations, Lieutenant Colonel Polycarp Okoye, who confirmed the development through a statement issued on Saturday, said the daring rescue, was carried out on Thursday, October 17, 2025. - [Police Recover 75 Stolen phones, Five Laptops From Fleeing Suspects In Lagos](https://businesstodayng.com/police-recover-75-stolen-phones-five-laptops-from-fleeing-suspects-in-lagos/) - Operatives of the Lagos State Police Command have recovered 75 mobile gadgets and five laptops abandoned by fleeing suspects during a routine patrol conducted by the Rapid Response Squad in Ikeja. The Command said the operation was part of ongoing efforts to strengthen security and combat property crimes across the state. The Lagos State Police - [Police Confirm Killing Of Two Officers By Bandits In Kaduna, Commence Probe](https://businesstodayng.com/police-confirm-killing-of-two-officers-by-bandits-in-kaduna-commence-probe/) - The Police Command in Kaduna State on Saturday confirmed the killing of two of its officers by suspected bandits in Zonkwa, Zangon Kataf Local Government Area of the state. The Kaduna Police Command Public Relations Officer, DSP Mansir Hassan, who confirmed the sad development during an interview with the News Agency of Nigeria on Saturday, - [We Eliminated 257 Terrorists North-East zone Between July, September; Zone More Secure Now — Army](https://businesstodayng.com/we-eliminated-257-terrorists-north-east-zone-between-july-september-zone-more-secure-now-army/) - The Nigerian Army on Saturday disclosed that over 257 terrorists were neutralised in coordinated ground and air offensives between July and September, with many others surrendering alongside their families. The Theatre Commander, Joint Task Force, North-East Operation Hadin Kai, Maj.-Gen. Abdulsalam Abubakar who made this disclosure during an interview with the News Agency of Nigeria - [New FIFA Rankings: Nigeria Move Up Four Spots To 41st Position, Morocco Remains Africa’s Best](https://businesstodayng.com/new-fifa-rankings-nigeria-move-up-four-spots-to-41st-position-morocco-remains-africas-best/) - The latest FIFA men’s world rankings released on Friday showed that Nigeria’s Super Eagles have jumped four places to 41st position, thus breaking back into Africa’s top five. The new FIFA rankings mark a major improvement for Nigeria, who have climbed from 45th to 41st. The three-time African champions also moved ahead of Ivory Coast, - [ASUU Raises Alarm Over Alleged Attempt by Wike to Seize Abuja University Land](https://businesstodayng.com/asuu-raises-alarm-over-alleged-attempt-by-wike-to-seize-abuja-university-land/) - The Academic Staff Union of Universities (ASUU) has accused the Minister of the Federal Capital Territory (FCT), Nyesom Wike, of allegedly attempting to encroach on a portion of the University of Abuja’s 10,000-hectare land. In a statement issued on Friday, ASUU expressed concern that rather than supporting the growth of tertiary education, the FCT minister - [Lagos Launches €410M EU-Funded Omi-Eko Project To Drive Water Transport](https://businesstodayng.com/lagos-launches-e410m-eu-funded-omi-eko-project-to-drive-water-transport/) - Lagos State’s long-anticipated inland waterways transportation project being developed in partnership with the European Union has transited from the blueprint to a reality. Governor Babajide Sanwo-Olu, on Friday, formally launched the EUR 410 million waterways infrastructure project aimed at developing rapid transportation options that will address Lagosians’ mobility needs. The project, divided into two components, - [Nigeria Needs $1.2bn In Next Five Years To Achieve Gender Equality – Minister](https://businesstodayng.com/nigeria-needs-1-2bn-in-next-five-years-to-achieve-gender-equality-minister/) - The Minister of Women Affairs, Hajiya Imaan Sulaiman-Ibrahim, on Friday stated that Nigeria requires 1.2 billion dollars over the next five years to meet its gender equality and social inclusion targets for sustainable development. Sulaiman-Ibrahi, who stated this during the Annual General Meeting and Founder’s Day of the League of Women Voters of Nigeria (NILOWV), - [FG, States, LGs Shared N2.2tn Sept Revenue – FAAC](https://businesstodayng.com/fg-states-lgs-shared-n2-2tn-sept-revenue-faac/) - The Federation Account Allocation Committee (FAAC) has shared a total sum of N2.103 trillion among the federal, state, and local governments as allocation for September 2025, from a gross total of N3.054 trillion. The communiqué issued at the end of the FAAC meeting, chaired by the Accountant General of the Federation, Shamsudeen B. Ogunjimi, showed - [Gunmen Invade Zamfara Village, Abduct 11 Children Working In Family Farm](https://businesstodayng.com/gunmen-invade-zamfara-village-abduct-11-children-working-in-family-farm/) - Gunmen on Thursday invaded Ruwan Kaiwa village, Kekun Waje District of Bungudu Local Government Area, Zamfara State and abducted 11 children who were working on a family farm. Security expert, Zagazola Makama, disclosed the development through his x- handle on Friday. According to Makama, the attack occurred at about 11 a.m. on Thursday when the - [Gunmen Abduct Five Worshippers, Injure One In Zamfara Village](https://businesstodayng.com/gunmen-abduct-five-worshippers-injure-one-in-zamfara-village/) - Gunmen in the early hours of Thursday invaded Maradawa village in Rijiya District, Gusau Local Government Area of Zamfara State and abducted five worshippers and injured one person Security expert, Zagazola Makama , who made this disclosure on his x handle on Friday, said the attack occurred at about 5:45 a.m. on Thursday while residents - [Man In Kaduna Police Net For Allegedly killing His Newborn Baby](https://businesstodayng.com/man-in-kaduna-police-net-for-allegedly-killing-his-newborn-baby/) - Operatives of the Kaduna State Police Command have arrested a 35-year-old man, Shafiu Dahiru, for allegedly killing his three-day-old baby at Unguwan Lasa in Soba Local Government Area. Zagazola Makama, who confirmed the development through his X handle on Friday, quoting sources said that the suspect allegedly strangled and choked the infant, born to his - [Gunmen kill Nine, Injure Several Others In Kaduna Community](https://businesstodayng.com/gunmen-kill-nine-injure-several-others-in-kaduna-community/) - Gunmen on Thursday attacked Layin Danauta in Kuyello village, Birnin Gwari Local Government Area of Kaduna State and killed nine people and injured several others. A traditional ruler in Birnin Gwari, who confirmed the incident Friday, said the attack occurred on Thursday evening when the gunmen invaded the community in large numbers. Zagozola Makama, who - [Good News For Indigent Inmates, Ex-convicts As NBA Promises Legal Aid, Grants For Them](https://businesstodayng.com/good-news-for-indigent-inmates-ex-convicts-as-nba-promises-legal-aid-grants-for-them/) - This is indeed good news for inmates in Nigerian correctional facilities across the country as the Nigerian Bar Association has made a pledge to collaborate with the Nigerian Correctional Service(NCS) to identify and provide legal representation to inmates without access to counsel. The NBA President, Mr Afam Osigwe (SAN), who delivered the good news on - [Marketers Confirm 600m Dangote Petrol Monthly Lifting Target](https://businesstodayng.com/marketers-confirm-600m-dangote-petrol-monthly-lifting-target/) - In what is seen as parts of efforts to stabilise supply in the domestic market and ease the recent surge in pump prices, Independent Petroleum Marketers of Nigeria (IPMN) on Thursday confirmed that the Dangote Petroleum Refinery has set a target to release up to 600 million litres of petrol monthly. According to the marketers, - [Man Beaten To Death In Bauchi Community Over Alleged Affair With Married Woman](https://businesstodayng.com/man-beaten-to-death-in-bauchi-community-over-alleged-affair-with-married-woman/) - A 30-year-old man was on Friday allegedly beaten to death by a husband for attempting to entice his wife in Lumbu community, Ningi Local Government Area. Security expert, Zagazola Makama, who confirmed the development through his x handle on Friday, disclosed that the sad incident occurred at about 2:09 a.m. on Friday when the deceased, - [We Didn’t Hire Chinese Security Firm To Fight Banditry-Kebbi Govt](https://businesstodayng.com/we-didnt-hire-chinese-security-firm-to-fight-banditry-kebbi-govt/) - The Kebbi State Government on Friday categorically denied media reports alleging that it hired a Chinese security company, G-Safety, to assist in combating banditry and other criminal activities in the state. Recall that some media platforms reported on Wednesday that Governor Nasir Idris welcomed the global security consortium to the state as part of renewed - [Prepare To Die, Gov Otti Tells Benjamin Kalu, Over Alleged Plot To Rig 2027 Election](https://businesstodayng.com/prepare-to-die-gov-otti-tells-benjamin-kalu-over-alleged-plot-to-rig-2027-election/) - Abia State Governor, Alex Otti, on Thursday warned Deputy Speaker of the House of Representatives, Benjamin Kalu, and other All Progressive Congress(APC) members should prepare to die over their clandestine plans to manipulate the 2027 governorship election in the state. Otti added they should bury the thought, saying the will of God and the people - [CHI Life Is A Long-Awaited Dream Realised — Efekoha](https://businesstodayng.com/chi-life-is-a-long-awaited-dream-realised-efekoha/) - BY NKECHI NAECHE-ESEZOBOR—Group Chief Executive Officer of Consolidated Hallmark Holdings Plc and Chairman of CHI Life Assurance Limited, Mr. Eddie Efekoha, has described the launch of CHI Life Assurance Limited as the fulfillment of a long-term vision to offer Nigerians a full spectrum of financial protection — spanning general insurance, health services, finance, and now - [Stanbic IBTC Bank, LOXEA BYD forge alliance for Electric Vehicle Financing](https://businesstodayng.com/stanbic-ibtc-bank-loxea-byd-forge-alliance-for-electric-vehicle-financing/) - In a strategic move to advance Nigeria’s shift toward sustainable transportation, Stanbic IBTC Bank has announced a partnership with LOXEA Nigeria, the exclusive distributor of BYD electric and hybrid vehicles in Nigeria and a subsidiary of CFAO Mobility. This collaboration is aimed at making eco-friendly mobility more attractive accessible to Nigerians through innovative and flexible - [Health Funding Up 60% As Nigeria’s Economic Reforms Gain Momentum](https://businesstodayng.com/health-funding-up-60-as-nigerias-economic-reforms-gain-momentum/) - BY NKECHI NAECHE-RSEZOBOR (WASHINGTON D.C.)—Nigeria’s health sector is witnessing a major turnaround, following the Federal Government’s ongoing macroeconomic reforms, according to Dr. Doris Uzoka-Anite, Minister of State for Finance. Speaking at the Health Works Leaders Coalition Roundtable on the sidelines of the 2025 IMF/World Bank Annual Meetings in Washington, D.C., Dr. Uzoka-Anite said the Federal - [CBN, Bank Of Angola Sign MoU On Technical Cooperation](https://businesstodayng.com/cbn-bank-of-angola-sign-mou-on-technical-cooperation/) - BY NKECHI NAECHE-ESZOBO ( WASHINGTON D.C)—In an effort to enhance bilateral cooperation and technical exchange, the Central Bank of Nigeria (CBN) and the Bank of Angola, has signed a Memorandum of Understanding (MOU) for bilateral technical cooperation on Thursday, October 16, 2025. The agreement, which was signed by the CBN Governor, Olayemi Cardoso, and his - [UBA Unveils White Paper For Africa’s Economic Growth, Eyes Untapped Domestic Capital](https://businesstodayng.com/uba-unveils-white-paper-for-africas-economic-growth-eyes-domestic-capital/) - The United Bank for Africa (UBA) has launched white paper aimed at mobilising domestic capital across Africa to boost development financing and reduce the continent’s reliance on foreign aid. The document, titled “Banking on Africa’s Future: Unlocking Capital and Partnerships for Sustainable Growth,” was unveiled on the sidelines of the 2025 IMF–World Bank Annual Meetings - [Nigeria’s Inflation Drops To 18.02% In September, Lowest In Three Years](https://businesstodayng.com/nigerias-inflation-drops-to-18-02-in-september-lowest-in-three-years/) - BY NKECHI NAECHE-ESEZOBOR ( WASHINGTON D.C.)— Nigeria’s headline inflation rate fell for the sixth consecutive month in September 2025, easing to 18.02 percent, its lowest level in three years, according to the National Bureau of Statistics (NBS). The latest data show that core inflation slowed to 19.53 percent, while food inflation eased to 16.87 percent, - [FG Speaks On Presidential Pardon, Says Recent Exercise Still Under Review, No Inmate Released](https://businesstodayng.com/fg-speaks-on-presidential-pardon-says-recent-exercise-still-under-review-no-inmate-released/) - The Federal Government, through Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi (SAN), on Thursday clarified that no inmate has been released under the recent Presidential Prerogative of Mercy exercise, noting that the process is still undergoing final administrative review. Recall that President Bola Tinubu recently granted state pardon to Sir Herbert Macaulay, - [PDP Convention: Court Reaffirms Order For Parties To Maintain Status Quo](https://businesstodayng.com/pdp-convention-court-reaffirms-order-for-parties-to-maintain-status-quo/) - Justice James Omotosho of the Federal High Court in Abuja on Thursday reaffirmed that his order on maintaining status quo in respect of the People’s Democratic Party (PDP) National Convention remains in force and must not be flouted by any of the parties involved in a suit on the convention. Justice Omotosho who stated that - [Court Fixes Date For Hearing Suit Against INEC, Eight Others](https://businesstodayng.com/court-fixes-date-for-hearing-suit-against-inec-eight-others/) - The Federal High Court in Abuja presided over by Justice James Omotosho on Thursday fixed Monday, October 20th for definite hearing of the originating summons in respect of the suit instituted against Independent National Electoral Commission INEC and eight others by three aggrieved members of the party. Justice Omotosho fixed the date following confirmation that - [Efforts To Amend 2022 Electoral Act Hit Brick Wall In Senate](https://businesstodayng.com/efforts-to-amend-2022-electoral-act-hit-brick-wall-in-senate/) - Following intense debates during plenary session in Nigerian Senate, efforts to amend the 2022 Electoral Act hit a road block in the chamber on Thursday. The legislative process, which had commenced with a lead debate by the Chairman of the Senate Committee on Electoral Matters, Senator Simon Lalong (Plateau South), met some road bock during - [Wike To Obi : Celebrating Birthday In IDP Camps Won’t Make You President](https://businesstodayng.com/wike-to-obi-celebrating-birthday-in-idp-camps-wont-make-you-president/) - The Minister of the Federal Capital Territory (FCT), Nyesom Wike, on Thursday lambasted former Labour Party(LP) presidential candidate, Peter Obi, over his recent comments on the condition of public schools in Abuja. Recall that Obi, during a visit to LEA Primary School in Kapwa, Abuja, had carpeted the FCT administration under Wike for the poor - [Amupitan Denies Representing Tinubu At 2023 Presidential Election Petitions Court](https://businesstodayng.com/amupitan-denies-representing-tinubu-at-2023-presidential-election-petitions-court/) - Joash Amupitan, the Chairman-designate of the Independent National Electoral Commission, on Thursday denied the rumours making the rounds that he was part of the legal team that represented President Bola Tinubu at the 2023 Presidential Election Petitions Court (PEPC). Amupitan made this disclosure on Thursday during his screening by the Senate. “You also talked about - [Senate Confirms Amupitan As INEC Boss](https://businesstodayng.com/senate-confirms-amupitan-as-inec-boss/) - The Nigerian Senate on Thursday confirmed Joash Amupitan as the new Chairman of the Independent National Electoral Commission (INEC). Amupitan, a professor of Law, was confirmed by the upper chamber after his screening on Thursday. His confirmation came after over two hours of questioning by senators, who pressed him on how he plans to restore - [13-year-old Rhema-Love Abraham Emerges Winner Of 2025 Heirs Insurance Essay Championship](https://businesstodayng.com/13-year-old-rhema-love-abraham-emerges-winner-of-2025-heirs-insurance-essay-championship/) - L:R- Funmi Olotu, National Coordinator, National Social Safety-Nets Coordinating Office (NASSCO); Niyi Onifade, MD/CEO, Heirs Life Assurance and the Group’s Sector Head; Bernice Michael, 1st Runner Up; Rhema-Love Abraham, Winner, 2025 Heirs Insurance Essay Championship; Afopefoluwa Tofio-Jacobs, 2nd Runner Up; Okpe James Chidi, Winner, Teachers’ Insurance Awareness Prize; Wole Fayemi, MD/CEO, Heirs General Insurance and - [FG Projects Increase Of 600,000 bpd Crude Boost From New Investments](https://businesstodayng.com/fg-projects-increase-of-600000-bpd-crude-boost-from-new-investments/) - Driven by a surge in new investments in the upstream sector, the Federal Government on Wednesday announced that it has projected an increase of approximately 600,000 barrels per day in Nigeria’s crude oil production. FG also disclosed that the additional output would come from the 28 Field Development Plans approved so far in 2025, which - [](https://businesstodayng.com/56712-2/) - The Federal Government has been called to close Schools in Nigeria charging tuition fees in foreign currencies . The Minister of Solid Minerals Development, Dr Dele Alake made the call at the Nigeria Gold Day Celebration on the sidelines of the 10th edition of Nigeria’s Mining Week, themed Nigeria Mining: From Progress to Global Relevance, - [FG Plans Measures to Block Leakages in Nigeria’s Gold Value Chain](https://businesstodayng.com/fg-plans-measures-to-block-leakages-in-nigerias-gold-value-chain/) - The Minister of Solid Minerals Development, Dr Dele Alake on Wednesday disclosed that the Federal Government was introducing various measures, including digital mechanisms, to ensure that all leakages in Nigeria’s gold value chain were blocked and every loophole sealed. Alake made this disclosure at the Nigeria Gold Day Celebration on the sidelines of the 10th - [Kebbi Govt Approves N4bn To Renovate Seven General Hospitals](https://businesstodayng.com/kebbi-govt-approves-n4bn-to-renovate-seven-general-hospitals/) - The health sector in Kebbi State has received a boost as the state executive council approved the rehabilitation of seven General Hospitals across the state at a cost of N4.05 billion. The State Attorney-General and Commissioner for Justice, Alhaji Junaidu Marshall, who made this disclosure this while addressing journalist shortly after the council’s meeting held - [Man In Oyo Police Net For Allegedly Setting Woman Ablaze After Failed Relationship](https://businesstodayng.com/man-in-oyo-police-net-for-allegedly-setting-woman-ablaze-after-failed-relationship/) - Operatives of the Oyo State Police Command have arrested a man named Lawal Faruq,for allegedly setting a woman ablaze at the Mami Market in Odogbo Barracks, Ibadan, Oyo State. A security expert, Zakazola Makama, who made this disclosure through his x handle on Thursday, said that the victim, Omolola Hassan, was reportedly doused with petrol - [36 Abducted Victims Regain Freedom In Zamfara After Peace Negotiations With Bandit Leader, BelloTurji](https://businesstodayng.com/36-abducted-victims-regain-freedom-in-zamfara-after-peace-negotiations-with-bandit-leader-belloturji/) - Following ongoing peace negotiations between bandit leader Bello Turji and residents of Shinkafi Local Government Area of Zamfara State, 36 abducted persons have regained their freedom. Security expert, Zagazola Makama, who made this disclosure through his x handle on Thursday, said that the victims, comprising 22 males and 14 females, including a 60-year-old man identified - [Customs Officer Dies After Lodging With 3 Women In Katsina Hotel](https://businesstodayng.com/customs-officer-dies-after-lodging-with-3-women-in-katsina-hotel/) - A Customs officer, identified Lawal Tukur, an Assistant Superintendent of Customs (ASC) has been found dead in a hotel room in Katsina metropolis. Security expert, Zagazola Makama, who made this disclosure through his x handle on Thursday report that the incident occurred on October 15 at Murjani Hotel, Katsina, where the deceased had lodged. According - [Kanu's Ailment Not Life- threatening, He Is Fit For Trial -NMA](https://businesstodayng.com/kanus-ailment-not-life-threatening-he-is-fit-for-trial-nma/) - The Nigerian Medical Association(NMA) on Thursday told a Federal High Court in Abuja presided over by Justice James Omotoso that the illness of the leader of the Indigenous People of Biafra, Nnamdi Kanu, is not life-threatening, and he is, therefore, fit for trial. The medical panel set up by the NMA President said it had - [Customers Express Satisfaction With NEM Insurance Services](https://businesstodayng.com/customers-express-satisfaction-with-nem-insurance-services/) - The Customer Service Week provided an avenue for companies to renew their relationships with their clients and also get feedback on how best to relate with them. For companies that esteem customers through offering them satisfactory services, they were rewarded with accolades and compliments, an indication that they are doing well. NEM Insurance Plc, one - [11-Man Kidnap Syndicate On Katsina-Kano Highway In Police Net](https://businesstodayng.com/11-man-kidnap-syndicate-on-katsina-kano-highway-in-police-net/) - Operatives of the Kaduna State Police Command have arrested an 11-man syndicate of suspected armed robbers terrorising people on Sha’iskawa-Charanchi and Katsina-Kankia-Kano roads. The Kaduna State Police Command Public Relations Officer, Abubakar Aliyu, who made this disclosure to newsmen in Katsina on Wednesday, said that the suspects had specialised in blocking those roads, robbing unsuspecting - [Foreign Investors Bet Big on Nigeria’s Economic Reforms](https://businesstodayng.com/foreign-investors-bet-big-on-nigerias-economic-reforms/) - BY NKECHI BAECHE-ESEZOBOR-WASHINGTON (D.C.)—Nigeria’s economy is gaining renewed global confidence as foreign investors signal optimism in the country’s ongoing reforms and growth trajectory. Speaking at the Nigeria Investors Forum held on the sidelines of the 2025 World Bank Group/IMF Annual Meetings in Washington D.C. on Monday, Central Bank Governor Olayemi Cardoso, assured investors of the - [Nigeria Backs Climate Resilience Through Green Bonds, Reforms](https://businesstodayng.com/nigeria-backs-climate-resilience-through-green-bonds-reforms/) - Nigeria is intensifying efforts to embed climate resilience into its fiscal and economic framework through innovative financial instruments and policy reforms, the Minister of State for Finance, Dr. Doris Uzoka-Anite, has said. Speaking at the 14th meeting of the Coalition of Finance Ministers for Climate Action, held on the sidelines of the 2025 World Bank - [Tony Elumelu Pushes For Global Investment In AI To Drive Africa’s Digital Transformation](https://businesstodayng.com/tony-elumelu-pushes-for-global-investment-in-ai-to-drive-africas-digital-transformation/) - BU NKECHI NAECHE-ESEZOBOR(WASHINGTON D.C.)—Nigerian investor and philanthropist, Tony Elumelu, has urged global leaders and development institutions to channel more investment into Artificial Intelligence (AI) and digital infrastructure across Africa, warning that the continent risks being left behind in the fast-evolving digital economy without decisive action. Elumelu, who is Chairman of Heirs Holdings and founder of - [IMF Projects Global Debt To Surpass 100% Of GDP By 2029, Calls For Swift Fiscal Action](https://businesstodayng.com/imf-projects-global-debt-to-surpass-100-of-gdp-by-2029-calls-for-swift-fiscal-action/) - The International Monetary Fund (IMF) has projected that global public debt will exceed 100 percent of Gross Domestic Product (GDP) by 2029 — its highest level in more than seven decades. Vitor Gaspar, Director of the IMF’s Fiscal Affairs Department, disclosed this on Tuesday while presenting the Fund’s latest Fiscal Monitor at the ongoing IMF/World - [Photo News: Faces At The Official Unveiling Of CHI Life](https://businesstodayng.com/photo-news-faces-at-the-official-unveiling-of-chi-life/) - From left: Eddie Efekoha, GCEO Consolidated Hallmark Holdings and guest at the event held today. - [Under Renewed Hope Agenda, Nigeria Deepens Economic Partnership With IsDB](https://businesstodayng.com/under-renewed-hope-agenda-nigeria-deepens-economic-partnership-with-isdb/) - BY NKECHI NAECHE-ESEZOBOR—(WASHINGTON D.C.)— Nigeria has strengthened its economic partnership with the Islamic Development Bank (IsDB) following a high-level bilateral meeting held in Washington D.C., led by Dr. Doris Uzoka-Anite, Honourable Minister of State for Finance. The meeting marked a key step in deepening cooperation between both parties and aligns with President Bola Ahmed Tinubu’s - [Relief For Retirees As PenCom Begins Instant Payouts Of Benefits](https://businesstodayng.com/relief-for-retirees-as-pencom-begins-instant-payouts-of-benefits/) - BY NKECHI NAECHE-ESEZOBOR—After years of frustration and uncertainty, Nigerian retirees can finally breathe a sigh of relief — they now begin receiving their pensions immediately after retirement, thanks to sweeping reforms introduced by the National Pension Commission (PenCom). The Commission announced that, since July 2025, retirees no longer face the months-long waiting period that once - [FG, GenCos Finalise Implementation Framework for ₦4 Trillion Presidential Power Sector Debt Reduction Plan](https://businesstodayng.com/fg-gencos-finalise-implementation-framework-for-₦4-trillion-presidential-power-sector-debt-reduction-plan/) - The Federal Government of Nigeria has taken a major step toward restoring financial stability and investor confidence in the electricity market with the finalization of the implementation framework for the Presidential Power Sector Debt Reduction Plan, a landmark initiative approved by President Bola Ahmed Tinubu to address structural bottlenecks and lay the groundwork for large-scale - [Nigeria’s Trade Surplus Rises To 6% — CBN](https://businesstodayng.com/nigerias-trade-surplus-rises-to-6-cbn/) - NKECHI NAECHE-ESEZOBOR (WASHINGTON DC)-Nigeria’s trade surplus has increased to 6% of the nation’s Gross Domestic Product (GDP) and is expected to remain stable in the near term, according to the Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso. Cardoso disclosed this during the G24 Meetings held on the sidelines of the IMF/World - [Reps Ask FG to Allocate Forfeited Emefiele Estate to Low-Income Earners, IDPs](https://businesstodayng.com/reps-ask-fg-to-allocate-forfeited-emefiele-estate-to-low-income-earners-idps/) - The House of Representatives has asked the Federal Government to prioritise low- and middle-income earners, internally displaced persons (IDPs), and other vulnerable Nigerians in the allocation of a 753-unit housing estate recently forfeited to the government. The resolution followed the adoption of a motion moved on Tuesday by Jafaru Leko, member representing Bogoro/Dass/Tafawa Balewa Federal - [Tragedy In Anambra Community As Two Schoolchildren Electrocuted During Rainfall](https://businesstodayng.com/tragedy-in-anambra-community-as-two-schoolchildren-electrocuted-during-rainfall/) - Residents of Nnewichi in Nnewi North Local Government Area of Anambra State are presently in mourning mood after two schoolchildren were electrocuted while taking shelter from the rain at a roadside shop at St. Peter’s Claver Junction on Monday. Eyewitnesses and CCTV footage said that several pupils had gathered at the shop to escape the - [Lawmakers Seek Urgent Rescue of Nigerian Women, Children Trapped In Libyan Prisons](https://businesstodayng.com/lawmakers-seek-urgent-rescue-of-nigerian-women-children-trapped-in-libyan-prisons/) - Outrage erupted in the Nigerian Senate on Tuesday as lawmakers called for urgent diplomatic action to rescue hundreds of Nigerian women and children reportedly detained in Libyan prisons. The motion, sponsored by Senator Aniekan Bassey (Cross River South), drew attention to the recurring cases of human trafficking, slavery, and gross human rights abuses suffered by - [Nigeria Deepens Partnership with JICA and MIGA To Boost Foreign Investments](https://businesstodayng.com/nigeria-deepens-partnership-with-jica-and-miga-to-boost-foreign-investments/) - BY NKECHI NAECHE-ESEZOBOR WASHINGTON DC—Nigeria has strengthened its collaboration with representatives of the Japan International Cooperation Agency (JICA) and the Multilateral Investment Guarantee Agency (MIGA), to drive economic growth and attract more foreign investments. The meeting, which took place on the sidelines of the ongoing World Bank Group and IMF Annual Meetings in Washington D.C., - [Depreciating Naira Not A Threat To Nigeria’s Economy-IMF](https://businesstodayng.com/depreciating-naira-not-a-threat-to-nigerias-economy-imf/) - BY NKECHI NAECHE-ESEZOBOR(WASHINGTON DC)—The International Monetary Fund (IMF)on Tuesday, said that the recent depreciation of the naira does not pose a threat to Nigeria’s economy, noting that it could help in restoring economic equilibrium. Speaking on Tuesday during a press conference on the Global Financial Stability Report held in Washington, D.C., the IMF commended Nigeria - [IMF Upgrades Nigeria’s 2025 Economic Growth Projection To 3.9%, 4.2% In 2026](https://businesstodayng.com/imf-upgrades-nigerias-2025-economic-growth-projection-to-3-9-4-2-in-2026/) - * Says Africa Economy Growth To Expand By 4.1% In 2025, 4.4% In 2026 NKECHI NAECHE-ESEZOBOR—(WASHINGTON DC)— The International Monetary Fund (IMF) has upgraded Nigeria’s 2025 economic growth forecast to 3.9 percent, citing stronger domestic fundamentals, improving investor confidence, and the limited impact of global tariff tensions on the country’s economy. The latest projection, announced - [NDLEA Destroys 8,000 kg of illicit Drugs In Yobe](https://businesstodayng.com/ndlea-destroys-8000-kg-of-illicit-drugs-in-yobe/) - In what has been described as the first such exercise in the state’s history, the National Drug Law Enforcement Agency(NDLEA) on Tuesday carried out the public destruction of 8,166.95 kilogrammes of illicit substances seized in Yobe. The breakdown of the exhibits destroyed includes 6,791.249 kilogrammes of Cannabis Sativa, 1,375.65 kilogrammes of psychotropic substances, 0.04 kilogrammes - [Financial Literacy, Critical Life Skill - SEC](https://businesstodayng.com/financial-literacy-critical-life-skill-sec/) - The Securities and Exchange Commission (SEC) has stated that it firmly believes that financial literacy is not merely an academic subject; but a life skill, and indeed, a survival tool in today’s complex and rapidly evolving economy. Director General of the SEC, Dr. Emomotimi Agama stated this at the handing over ceremony of the reviewed - [FG Injects N100bn Crime Proceeds Into Student Loan, Consumer Credit Schemes](https://businesstodayng.com/fg-injects-₦100bn-crime-proceeds-into-student-loan-consumer-credit-schemes/) - President Bola Ahmed Tinubu on Tuesday said his administration injected N100 billion recovered from the proceeds of crime into Nigeria’s Student Loan Scheme and Consumer Credit Scheme, describing both initiatives as legacy programmes aimed at boosting access to education and easing financial pressure on citizens. Speaking while declaring open the Annual General Meeting of the - [Tinubu To ECOWAS Leaders: Classify Resource Theft, Illegal Mining As International Crimes](https://businesstodayng.com/tinubu-to-ecowas-leaders-classify-resource-theft-illegal-mining-as-international-crimes/) - President Bola Tinubu on Tuesday charged West African Leaders to push for the designation of resource theft, illegal mining, and mineral smuggling as international crimes, describing such acts have become grave threats to regional peace, stability, and development. Tinubu made the charge on Tuesday in Abuja while declaring open the Annual General Meeting of the - [Court Throws Out DSS Attempt To Re-admit Rejected Exhibits Against Ex-Security Adviser](https://businesstodayng.com/court-throws-out-dss-attempt-to-re-admit-rejected-exhibits-against-ex-security-adviser/) - The Federal High Court in Abuja presided over by Justice Peter Lifu, on Tuesday thrown out an application brought by the Department of State Services (DSS) seeking to re-present exhibits earlier rejected in the trial of former National Security Adviser, Col. Sambo Dasuki (retd), over alleged unlawful possession of firearms. Justice Lifu, in his verdict - [Leadway Assurance Clinches Double Honours At 2025 BAFI Awards](https://businesstodayng.com/leadway-assurance-clinches-double-honours-at-2025-bafi-awards/) - Leadway Assurance, has once again reinforced its industry leadership by clinching two prestigious honours at the 2025 BusinessDay Banks and Other Financial Institutions (BAFI) Awards. The insurer has won Ithe Insurance Company of the Year (for the second consecutive year) and Excellence in Claims Leadership & Digital Innovation. These recognitions reaffirm its position as Nigeria's - [Tinubu Writes Senate, Seeks Confirmation Of Amupitan As INEC Chairman](https://businesstodayng.com/tinubu-writes-senate-seeks-confirmation-of-amupitan-as-inec-chairman/) - President Bola Tinubu on Tuesday officially wrote a letter to the Senate, seeking the confirmation of Professor Joash Amupitan as the new Chairman of the Independent National Electoral Commission (INEC). The President of the Senate, Godswill Akpabio, read the request of Tinubu on the floor of the chamber during plenary on Tuesday. Akpabio also read - [Tinubu Welcomes Shell’s $2b New Offshore Gas Investment In Nigeria](https://businesstodayng.com/56603-2/) - President Bola Tinubu on Tueaday welcomed the news of Shell’s $2 billion Final Investment Decision (FID) on a new gas project in the shallow offshore HI Field, in OML 144. Tinubu, who stated this a statement issued on Tuesday by his Special Adviser to the President, (Information & Strategy) to the President, Bayo Onanuga, said - [Why We Constructed, Renovated 65 Mosques In Sokoto— Commissioner](https://businesstodayng.com/why-we-constructed-renovated-65-mosques-in-sokoto-commissioner/) - The Sokoto State Government on Tuesday announced that the state constructed and renovated at least 65 mosques to promote moral reforms. The state Commissioner for Religious Affairs, Dr Jabir Mai-Hula, who made this disclosure during an interview on Tuesday, said the ministry has evolved beyond being a mere religious institution to become a strategic tool - [Bauchi Senator Dumps PDP For APC](https://businesstodayng.com/bauchi-senator-dumps-pdp-for-apc/) - The numerical strength of the ruling All Progressive Congress(APC) received boost again on Tuesday as the Senator representing Bauchi North, Kaila Samaila, dumped the Peoples Democratic Party for APC. With this latest development, the APC now has 74 senators, the PDP 27, the Labour Party has four, the All Progressives Grand Alliance has two, the - [Three PDP Rep Members From Kaduna Defect To APC](https://businesstodayng.com/three-pdp-rep-members-from-kaduna-defect-to-apc/) - The numerical strength of the ruling All Progressive Congress(APC) in the House of Representatives received a boost again as three lawmakers from Kaduna State under the platform of Peoples Democratic defected to the party. Before this latest development, the state has witnessed the influx of politicians to the APC from rival parties in the past - [Enugu Gov Gets APC Membership Card In Abuja](https://businesstodayng.com/enugu-gov-gets-apc-membership-card-in-abuja/) - Governor of Enugu State, Peter Mbah on Tuesday received All Progressives Congress (APC) membership card from the leadership of the ruling party. The presentation, which was held at the APC national secretariat in Abuja, officially confirms the governor’s defection from the Peoples Democratic Party to the ruling party. The APC announced the development in a - [Reps To Intervene In ASUU/FG Dispute](https://businesstodayng.com/reps-to-intervene-in-asuu-fg-dispute/) - The House of Representatives on Tuesday said it would intervene in the dispute between the Federal Government and the Academic Staff Union of Universities (ASUU). This development followed a motion by lawmaker representing Badagry Federal Constituency, Sesi Winghan under the All Progressives Congress (APC). The intervention of the leadership of the green chamber is to - [Just In: INEC Acting Boss Meets With Heads Of Political Parties](https://businesstodayng.com/just-in-inec-acting-boss-meets-with-heads-of-political-parties/) - The Acting Chairman of the Independent National Electoral Commission (INEC), May Agbamuche, is currently in a meeting with Chairmen and Secretaries of political parties at the Commission’s headquarters in Abuja. This is the first meeting with political parties that the acting INEC chairman is presiding over. It was gathered that the meeting is part of - [Police Foil Planned kidnapping In Abuja Forest, Recover Ak -47, Ammunition](https://businesstodayng.com/police-foil-planned-kidnapping-in-abuja-forest-recover-ak-47-ammunition/) - The Federal Capital Territory Police Command on Tuesday announced that its operatives have foiled a planned kidnapping and armed attack by suspected bandits in Byazhin Forest, a suburb of Abuja, recovering an AK-47 rifle and rounds of ammunition during the operation. The FCT Police Command Public Relations Officer, SP Josephine Adeh, who made this disclosure - [ICPC Recovers ₦446bn, Restrains ₦142bn in Forfeiture Within One Month — NOA DG](https://businesstodayng.com/icpc-recovers-₦446bn-restrains-₦142bn-in-forfeiture-within-one-month-noa-dg/) - The Director-General of the National Orientation Agency, Malam Lanre Issa-Onilu, has disclosed that the Independent Corrupt Practices and Other Related Offences Commission recovered over N446 billion and restrained over N142 billion in forfeiture and N30 billion Naira cash in one month. Issa-Onilu, who made this disclosure during the Monthly National Joint Security Briefing in Abuja - [Ministry Reaffirms Commitment To Citizen-Centred Public Service Delivery](https://businesstodayng.com/ministry-reaffirms-commitment-to-citizen-centred-public-service-delivery/) - The Federal Ministry of Information and National Orientation has reaffirmed its commitment to strengthening citizen-centred public service delivery with the inauguration of the Ministerial SERVICOM Committee (MSC) during the commemoration of the 2025 SERVICOM Customer Service Week held at the Ministry’s headquarters in Abuja. Representing the Honourable Minister, Mohammed Idris, the Permanent Secretary, Ogbodo Chinasa - [No FCT judge will live in rented apartment by 2027 – Wike](https://businesstodayng.com/no-fct-judge-will-live-in-rented-apartment-by-2027-wike/) - The Minister of the Federal Capital Territory (FCT), Mr Nyesom Wike, has said that no judge of the FCT will live in a rented apartment by the end of President Bola Tinubu’s first tenure. Wike made this known in Abuja on Monday, at the inauguration of the construction of housing units for the President, Court - [Cardoso Leads Nigeria’s Delegation to World Bank–IMF Annual Meetings In Washington, D.C.](https://businesstodayng.com/cardoso-leads-nigerias-delegation-to-world-bank-imf-annual-meetings-in-washington-d-c/) - The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, is leading Nigeria’s delegation to the 2025 World Bank and International Monetary Fund (IMF) Annual Meetings holding in Washington, D.C., which officially opened on Monday, October 13. Cardoso, serving as Nigeria’s Alternate Governor for the institutions, is representing the country in place of - [FCCPC Backs CBN’s 48-Hour Refund Rule For Failed ATM Transactions](https://businesstodayng.com/fccpc-backs-cbns-48-hour-refund-rule-for-failed-atm-transactions/) - The Federal Competition and Consumer Protection Commission (FCCPC) has commended the Central Bank of Nigeria (CBN) for its proposed directive requiring all banks to refund customers for failed Automated Teller Machine (ATM) transactions within 48 hours. The CBN’s Draft Guidelines on the Operations of Automated Teller Machines in Nigeria, released last week, follow the FCCPC’s - [Commonwealth Nations Unite To Unlock Economic Potential Amid Global Challenges](https://businesstodayng.com/commonwealth-nations-unite-to-unlock-economic-potential-amid-global-challenges/) - As the global economy continues to evolve, Commonwealth nations are strengthening cooperation to harness their collective potential and unlock new opportunities for growth, trade, and sustainable development. Against the backdrop of the World Bank and IMF Annual Meetings in Washington D.C., Nigeria’s Minister of State for Finance, Dr. Doris Uzoka-Anite, joined her counterparts from across - [Uzoka-Anite Empowers Imo Youth as Uzodimma Unveils Digital Revolution Through SkillUp Imo](https://businesstodayng.com/uzoka-anite-empowers-imo-youth-as-uzodimma-unveils-digital-revolution-through-skillup-imo/) - The Honourable Minister of State for Finance, Dr. Doris Uzoka-Anite, has joined the Executive Governor of Imo State, Senator Hope Uzodimma, and thousands of young people to celebrate the third cohort graduation ceremony of SkillUp Imo — a transformative digital empowerment programme that has trained more than 50,000 young Nigerians, particularly indigenes of Imo State, - [WAICA 2025: Insurers Urged To Drive Climate Resilience Across West Africa](https://businesstodayng.com/waica-2025-insurers-urged-to-drive-climate-resilience-across-west-africa/) - WAICA 2025: Insurers Urged To Drive Climate Resilience Across West Africa The Federal Government has called on insurance companies across West Africa to develop regional risk mitigation products and strengthen data exchange systems to address the growing impact of climate-related risks in the subregion. The Minister of State for Finance, Dr. Doris Uzoka-Anite, made the - [Heirs Insurance Group Announces Inaugural Travel Festival](https://businesstodayng.com/heirs-insurance-group-announces-inaugural-travel-festival/) - Heirs Insurance Group (HIG), has announced the launch of the Heirs Insurance Travel Festival, scheduled to take place on November 29, 2025, in Lagos. The one-day festival is a bold call for inclusive travel ecosystem for Africans, and will convene thousands of attendees, including travel ecosystem stakeholders, embassy representatives, tourism content creators, and travel lovers, - [You Can’t Intimidate ASUU: No Pay, No Work- NLC Threatens FG](https://businesstodayng.com/you-cant-intimidate-asuu-no-pay-no-work-nlc-threatens-fg/) - The Nigeria Labour Congress (NLC) is deeply concerned by the persistent crisis in Nigeria's public education system, marked by chronic underfunding and a failure to honour agreements. The government's continued refusal to implement agreements voluntarily reached with lecturers and workers is undermining public tertiary institutions. The commencement of a two-week warning strike by the Academic - [Consolidated Hallmark Holdings To Unveil CHI Life Assurance Oct 15](https://businesstodayng.com/consolidated-hallmark-holdings-to-unveil-chi-life-assurance-oct-15/) - CHI Life Assurance Limited, a subsidiary of Consolidated Hallmark Holdings Plc, is to be formally launched in Lagos on Wednesday, 15th October, 2025. The Chairman of CHI Life Assurance Limited who doubles as the Group Chief Executive Officer of Consolidated Hallmark Holdings Plc, Mr. Eddie Efekoha, has expressed great delight over the formal licensing of - [Cornerstone Insurance Shines At BAFI Awards, Wins Best In Shareholder Returns](https://businesstodayng.com/cornerstone-insurance-shines-at-bafi-awards-wins-best-in-shareholder-returns/) - PRESS RELEASE—Cornerstone Insurance Plc has been named as the Best Insurance Company – Shareholder Returnsat the 2025 BusinessDay Banks and Other Financial Institutions (BAFI) Awards, held recently in Lagos. The prestigious award recognises the company for its consistent performance, sound corporate governance, and value creation for shareholders through sustainable business practices and financial prudence. Receiving - [Umahi Slams Oyo Gov Over Lagos–Calabar Highway Project Cost Remarks](https://businesstodayng.com/umahi-slams-oyo-gov-over-lagos-calabar-highway-project-cost-remarks/) - The Minister of Works, David Umahi, on Saturday slammed Oyo State Governor, Seyi Makinde over his comment regarding the ongoing controversy over the cost of road projects under the current administration. Umahi expressed his annoyance on Saturday while inspecting the Keffi section of the Abuja–Mararaba–Keffi road in the company of Nasarawa State Governor, Abdullahi Sule. - [Nigerians Making Statements With Defections From PDP-Lagos APC](https://businesstodayng.com/nigerians-making-statements-with-defections-from-pdp-lagos-apc/) - The Lagos State Chapter of the All Progressives Congress (APC) on Saturday claimed that Nigerians are making big statements with the massive defection of politicians from the Peoples Democratic Party (PDP) to the ruling party. The Lagos State spokesperson Seye Oladejo, who stated this through a statement issued on Saturday, described some of the politicians - [Bauchi Gov Slams PDP Defectors, Describes Their Actions As Act Of Cowardice](https://businesstodayng.com/bauchi-gov-slams-pdp-defectors-describes-their-actions-as-act-of-cowardice/) - Bauchi State Governor, Senator Bala Mohammed, has lambasted members of the Peoples Democratic Party (PDP) who are defecting to the ruling All Progressives Congress (APC), describing their actions as an act of cowardice. Mohammed, who stated this while speaking during the inauguration of the media sub-committee of the National Convention Organising Committee (NCOC), said that - [Beware Of Fake Recruitment, Customs Warns Nigerians](https://businesstodayng.com/beware-of-fake-recruitment-customs-warns-nigerians/) - The Nigeria Customs Service on Saturday warned applicants in its 2025 recruitment exercise to disregard social media posts claiming to show the number of shortlisted candidates per state for the final stage recruitment, describing it as false and unverified. The Service, which made the denial through a statement issued on X issued on Saturday titled - [Two Teenagers Drown While Swimming In Kano Stream](https://businesstodayng.com/two-teenagers-drown-while-swimming-in-kano-stream/) - The Kano State Fire Service on Saturday announced the death of two children who drowned on Thursday while swimming in a stream at Hayin Yawa Gada in the Tudun Wada Local Government Area of the state, just as it also confirmed the death of a man whose body was discovered in a well at Jaba - [Gunmen Invade Nasarawa village, kill Eight](https://businesstodayng.com/gunmen-invade-nasarawa-village-kill-eight/) - Gunmen in the early hours of yesterday invaded Nindama village in Kokona Local Government Area of Nasarawa State killing at least eight people. A security expert Makama Zagazola, who announced the development through his official x handle on Saturday, quoting sources, said that the attackers invaded the village around 3:30 a.m., shooting sporadically and killing - [Gunmen Abduct Road Construction Worker in Katsina](https://businesstodayng.com/gunmen-abduct-road-construction-worker-in-katsina/) - Gunmen at about 7:14 p.m. on Thursday along the Kunduru–Kadanya feeder road in Charanchi Local Government Area of Katsina State laid an ambush and kidnapped one Kabiru Bature, a 35-year-old driver attached to Stantech Road Construction Company. Following the development, search-and-rescue operation has been launched to secure the release of a road construction worker. A - [Akpabio Says No Member Can Hold Senate Hostage](https://businesstodayng.com/akpabio-says-no-member-can-hold-senate-hostage/) - The Senate President, Godswill Akpabio,on Saturday declared that the National Assembly will not be held hostage by the “disruptive instincts” of any of its members, saying that the assembly must uphold discipline and respect for its rules to preserve the sanctity of Nigeria’s democracy. Although Akpabio did not name any particular lawmaker, his comments came - [ARISE TV News Anchor Maduagwu To Be Buried October 18](https://businesstodayng.com/arise-tv-news-anchor-maduagwu-to-be-buried-october-18/) - ARISE News on Saturday announced that its late anchor, correspondent, and producer, Somtochukwu Christelle Maduagwu, who died in a tragic armed robbery incident on September 29, 2025, will be laid to rest on Saturday, October 18, 2025. The news medium, which announced this a video on Saturday, said an “evening of tributes will be held - [Akpabio Threatens To Sue Pearse Over Defamatory Remarks](https://businesstodayng.com/akpabio-threatens-to-sue-pearse-over-defamatory-remarks/) - Senate President Godswill Akpabio has threatened to sue the chieftain of the Peoples Democratic Party (PDP), Dr. Adetokunbo Pearse, over what he described as false and defamatory statements made against him during a live broadcast. Akpabio, who stated this in a demand letter dated October 7, 2025, and signed by his legal representatives, S. 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He said “Royal Exchange remains focused on two key objectives: consolidating our asset management expertise through - [Capital Express Life Revenue Hits N7.2bn FY24 As Shareholders’ Fund Grew By 53%](https://businesstodayng.com/capital-express-life-insurance-revenue-hits-n7-2bn-fy24-as-shareholders-fund-grew-by-53/) - BY NKECHI NAECHE-ESEZOBOR—Capital Express Life Assurance Limited has released its financial statement for the year ended December 31, 2024, achieving significant year-on-year growth despite persistent economic headwinds in Nigeria and globally. Otumba Ademola Adenuga, Chairman of the company disclosed this during its 24th Annual General Meeting (AGM), held today in Lagos, that the company reported - [Bauchi Police Confirms Recovery Of ‘387 Blocks Of Cannabis’ From Accident](https://businesstodayng.com/bauchi-police-confirms-recovery-of-387-blocks-of-cannabis-from-accident/) - Operatives of Bauchi State Police Command have impounded a vehicle carrying 387 blocks of suspected cannabis sativa following a road accident in Toro Local Government Area of the state. The Bauchi State Police Commissioner, Sani Omolori-Aliyu, who confirmed the development while handing over the seized substance to the National Drug Law Enforcement Agency (NDLEA) on - [Posthumous Pardon: Lagos APC Salutes Tinubu, Says His Action Affirms Statesmanship](https://businesstodayng.com/state-pardon-lagos-apc-salutes-tinubu-says-his-action-affirms-statesmanship/) - The Lagos State chapter All Progressives Congress (APC) on Friday praised President Bola Tinubu’s “courageous and compassionate decision” to grant a state pardon to late nationalist, Herbert Macaulay, and 174 others. BusinessTodayNG reports on Thursday that Tinubu on granted a posthumous presidential pardon to Macaulay, a former Minister of the Federal Capital Territory, the late - [Super Eagles Keep Hopes Alive After 2-1 Win Over Lesotho In 2026 WCQ](https://businesstodayng.com/super-eagles-keep-hopes-alive-after-2-1-win-over-lesotho-in-2026-wcq/) - Super Eagles of Nigeria on Friday evening kept their quest of qualifying for the 2026 World Cup alive, with a 2-1 win over Lesotho. The Super Eagles arrived for the game in third place with 11 points, three behind South Africa and leaders Benin Republic. Eric Chelle’s tutored side knew that only victory would keep - [Navy Confirms Seizure Of Over 11,000 litres Of Stolen Crude Oil In N’Delta](https://businesstodayng.com/navy-confirms-seizure-of-over-11000-litres-of-stolen-crude-oil-in-ndelta/) - The Nigerian Navy on Thursday confirmed seizure of over 1111,200 litres of stolen crude oil from the illegal refining sites in Niger Delta region. The Navy Navy attached to Forward Operating Base (FOB) Escravos , which carried the operation, also sealed six illegal refining sites in the creeks of the Niger Delta region. According to - [Transgender Woman Bags 21 Months Jail Term For Deceiving Man About Gender In UK](https://businesstodayng.com/transgender-woman-bags-21-months-jail-term-for-deceiving-man-about-gender-in-uk/) - A transgender woman named Ciara Watkin, has been sent to 21 months in prison by British court on for deceiving a man into sexual activity by falsely claiming to be a biological female. 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